Civic Intelligence

San Mateo County Economic Development Association Incorporated

990 • Fiscal year 2024 • EIN 94-1295795

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 11, 2024

1900 Ofarrell Street 380San Mateo, CA 94403

(650) 413-5600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

58th percentile

12%

Higher net margin than 58% of similar nonprofits.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$321,173

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 37.2% of source-year revenue.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-32%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$764,092

Up $102,670 (+16%) from 2023

Net Assets

Up

$764,092

Up $102,670 (+16%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Down

$863,718

Down $402,855 (-32%) from 2023

Expenses

Down

$761,048

Down $260,918 (-26%) from 2023

Net Income

Down

$102,670

Down $141,937 (-58%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $97,508Liabilities 2011: $0Net Assets 2011: $97,5082011Assets 2012: $59,800Liabilities 2012: $0Net Assets 2012: $59,8002012Assets 2013: $132,590Liabilities 2013: $0Net Assets 2013: $132,5902013Assets 2014: $149,171Liabilities 2014: $0Net Assets 2014: $149,1712014Assets 2015: $249,332Liabilities 2015: $0Net Assets 2015: $249,3322015Assets 2016: $354,048Liabilities 2016: $0Net Assets 2016: $354,0482016Assets 2017: $431,726Liabilities 2017: $0Net Assets 2017: $431,7262017Assets 2018: $476,795Liabilities 2018: $0Net Assets 2018: $476,7952018Assets 2019: $351,096Liabilities 2019: $0Net Assets 2019: $351,0962019Assets 2020: $341,052Liabilities 2020: $0Net Assets 2020: $341,0522020Assets 2021: $370,275Liabilities 2021: $0Net Assets 2021: $370,2752021Assets 2022: $416,815Liabilities 2022: $0Net Assets 2022: $416,8152022Assets 2023: $661,422Liabilities 2023: $0Net Assets 2023: $661,4222023Assets 2024: $764,092Liabilities 2024: $0Net Assets 2024: $764,0922024Assets 2025: $661,095Liabilities 2025: $0Net Assets 2025: $661,0952025

Highlighted filing

2024

Assets$764,092
Liabilities$0
Net Assets$764,092

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $346,4412011Revenue 2012: $321,232Expenses 2012: $358,940Net Income 2012: -$37,7082012Revenue 2013: $458,138Expenses 2013: $385,348Net Income 2013: $72,7902013Revenue 2014: $440,137Expenses 2014: $423,556Net Income 2014: $16,5812014Revenue 2015: $556,641Expenses 2015: $456,480Net Income 2015: $100,1612015Revenue 2016: $565,078Expenses 2016: $460,362Net Income 2016: $104,7162016Revenue 2017: $694,213Expenses 2017: $616,535Net Income 2017: $77,6782017Revenue 2018: $3,851,494Expenses 2018: $3,806,425Net Income 2018: $45,0692018Revenue 2019: $5,846,281Expenses 2019: $5,971,980Net Income 2019: -$125,6992019Revenue 2020: $754,635Expenses 2020: $764,679Net Income 2020: -$10,0442020Revenue 2021: $911,489Expenses 2021: $882,266Net Income 2021: $29,2232021Revenue 2022: $920,248Expenses 2022: $873,708Net Income 2022: $46,5402022Revenue 2023: $1,266,573Expenses 2023: $1,021,966Net Income 2023: $244,6072023Revenue 2024: $863,718Expenses 2024: $761,048Net Income 2024: $102,6702024Revenue 2025: $855,673Expenses 2025: $958,670Net Income 2025: -$102,9972025

Highlighted filing

2024

Revenue$863,718
Expenses$761,048
Net Income$102,670
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$863,768
Mission and Program Overview

Mission

Enhancing the positive business climate and the extraordinary quality of life in san mateo county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$435,406$510,718▲ $75,312
Savings and Temporary Cash Investments$225,873$253,231▲ $27,358
Land, Buildings, and Equipment, Net$143$143→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$661,422$764,092▲ $102,670
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$661,422$764,092▲ $102,670
Total Net Assets Fund Balance$661,422$764,092▲ $102,670
Total Liabilities and Net Assets / Fund Balance$661,422$764,092▲ $102,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$30,565$30,565
Other Land Buildings$143$10,768$10,911
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rosanne FoustPresident & CEOFT$321,173$321,173

Board Members and Trustees

NameTitle
Ariane HoganChairman
Sherri SagerPast Chairman
Robert WebsterVice Chair
Steve MinceyVICE Chairman
Carl MennieDirector
Carol DonnellyDirector
Chris WeberDirector
Frank BartaldoDirector
Frank R PetrilliDirector
Greg HurdDirector
Jennifer JohnsonDirector
Juan SalazarDirector
Ken BuschDirector
Lucy WicksDirector
Niraj SinghDirector
Rick KnaufDirector
Rita OhayaDirector
Shelley DoranDirector
Sunil PandyaDirector
William GrahamDirector
Elaine BreezeSecretary
Paul CasiasVc Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$808,737
Investment Income
$3,406
Other Revenue
$51,575
Change in Net Assets
$102,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$502,681
Other Expenses$258,367
Total Fundraising Expense$50,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$192,704$96,352$32,117$321,173
Other Salaries and Wages$75,555$37,778$12,593$125,926
Occupancy$51,304$21,988-$73,292
All Other Expenses$22,126$3,666-$25,792
Payroll Taxes$14,806$7,403$2,468$24,677
Pension Plan Contributions$12,493$6,247$2,082$20,822
Information Technology$11,872$5,088-$16,960
Advertising$12,233--$12,233
Other Employee Benefits$6,050$3,025$1,008$10,083
Fees for Services Accounting-$7,050-$7,050
Other Expenses$6,548$2,502-$6,548
Insurance$3,057$1,310-$4,367
Conferences and Meetings$2,355--$2,355
Travel-$1,634-$1,634
Office Expenses$1,121$480-$1,601
Total Functional Expenses$516,257$194,523$50,268$761,048
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$51,625
Fundraising Direct Expenses$50
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$51,625$51,625$50$51,575
Total Events$51,625$51,625$50$51,575
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director reviews form 990 and provides a copy to the vice president of finance who reviews the return. Upon approval, the executive director signs the authorizations for electronic filing. A copy of the return is maintained in the office for review by the remaining board members.

Form 990, Part VI, Section B, Line 15A

The level of compensation of the president and ceo is based on a review of comparable data and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements for the organization are made available upon written or oral request at the organization's site. The organization's conflict of interest policy is not made available for public inspection.

Filing and Contact Details

Filer

Filer Name
San Mateo County Economic Development
EIN
94-1295795
Phone
6504135600
Address
1900 OFARRELL STREET 380, SAN MATEO, CA 94403

Signing Officer

Name
Rosanne Foust
Title
President & CEO
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
1953
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
23
Employees
2
Volunteers
5

Preparer

Firm
James G Rodriguez Jr CPA
Address
97 W 41ST AVE, SAN MATEO, CA 94403
Preparer
James G Rodriguez JR CPA
Phone
6505040649
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VC FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt050
IRS990/FundraisingGrossIncomeAmt051625
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0863768
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05088
IRS990/InformationTechnologyGrp/ProgramServicesAmt011872
IRS990/InformationTechnologyGrp/TotalAmt016960
IRS990/InsuranceGrp/ManagementAndGeneralAmt01310
IRS990/InsuranceGrp/ProgramServicesAmt03057
IRS990/InsuranceGrp/TotalAmt04367
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03406
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03406
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0143
IRS990/LandBldgEquipCostOrOtherBssAmt041476
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ENHANCING THE POSITIVE BUSINESS CLIMATE AND THE EXTRAORDINARY QUALITY OF LIFE IN SAN MATEO COUNTY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0661422
IRS990/NetAssetsOrFundBalancesEOYAmt0764092
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt051575
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt051575
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0661422
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0764092
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt021988
IRS990/OccupancyGrp/ProgramServicesAmt051304
IRS990/OccupancyGrp/TotalAmt073292
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0480
IRS990/OfficeExpensesGrp/ProgramServicesAmt01121
IRS990/OfficeExpensesGrp/TotalAmt01601
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01008
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06050
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010083
IRS990/OtherExpensesGrp/Desc0PUBLIC OUTREACH
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
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IRS990/OtherExpensesGrp/ProgramServicesAmt15837
IRS990/OtherExpensesGrp/ProgramServicesAmt28196
IRS990/OtherExpensesGrp/ProgramServicesAmt36548
IRS990/OtherExpensesGrp/TotalAmt090000
IRS990/OtherExpensesGrp/TotalAmt18339
IRS990/OtherExpensesGrp/TotalAmt28196
IRS990/OtherExpensesGrp/TotalAmt36548
IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037778
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075555
IRS990/OtherSalariesAndWagesGrp/TotalAmt0125926
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt02468
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07403
IRS990/PayrollTaxesGrp/ProgramServicesAmt014806
IRS990/PayrollTaxesGrp/TotalAmt024677
IRS990/PensionPlanContributionsGrp/FundraisingAmt02082
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06247
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012493
IRS990/PensionPlanContributionsGrp/TotalAmt020822
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/BusinessCd4541900
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc1EVRF ADMINISTRATION
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3RESTRICTED CORP CONTRIBUT
IRS990/ProgramServiceRevenueGrp/Desc4UNRESTRICTED CORP CONTRIB
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0140435
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2476802

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$0.86$0.96$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.86$0.76$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$1.27$1.02$0.24
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.92$0.87$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.91$0.88$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.75$0.76$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$5.85$5.97$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$3.85$3.81$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.69$0.62$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.57$0.46$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.56$0.46$0.10
2014Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.44$0.42$0.02
2013Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$0.46$0.39$0.07
2012Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.32$0.36$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.35