Civic Intelligence

Sonoma County Economic Development Board Foundation

990 • Fiscal year 2015 • EIN 94-3397043

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 22, 2015

141 Stony CircleSanta Rosa, CA 95401

(707) 565-7170

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

98th percentile

$88,960

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 30.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

24th percentile

-15%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

7.6%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$442,129

Down $78,138 (-15%) from 2014

Net Assets

Down

$432,516

Down $69,210 (-14%) from 2014

Liabilities

Down

$9,613

Down $8,928 (-48%) from 2014

Revenue

Up

$290,113

Up $20,454 (+7.6%) from 2014

Expenses

Up

$359,323

Up $158,548 (+79%) from 2014

Net Income

Down

-$69,210

Down $138,094 (-200%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $417,800Liabilities 2011: $3,000Net Assets 2011: $414,8002011Assets 2012: $414,452Liabilities 2012: $15,635Net Assets 2012: $398,8172012Assets 2013: $451,873Liabilities 2013: $19,029Net Assets 2013: $432,8442013Assets 2014: $520,267Liabilities 2014: $18,541Net Assets 2014: $501,7262014Assets 2015: $442,129Liabilities 2015: $9,613Net Assets 2015: $432,5162015Assets 2016: $526,430Liabilities 2016: $26,059Net Assets 2016: $500,3712016Assets 2017: $607,066Liabilities 2017: $34,300Net Assets 2017: $572,7662017Assets 2018: $917,268Liabilities 2018: $74,994Net Assets 2018: $842,2742018Assets 2019: $843,527Liabilities 2019: $17,398Net Assets 2019: $826,1292019Assets 2020: $2,004,867Liabilities 2020: $112,374Net Assets 2020: $1,892,4932020Assets 2021: $1,962,403Liabilities 2021: $29,777Net Assets 2021: $1,932,6262021Assets 2022: $1,977,046Liabilities 2022: $68,348Net Assets 2022: $1,908,6982022Assets 2023: $1,856,447Liabilities 2023: $79,675Net Assets 2023: $1,776,7722023Assets 2024: $971,013Liabilities 2024: $239,387Net Assets 2024: $731,6262024

Highlighted filing

2015

Assets$442,129
Liabilities$9,613
Net Assets$432,516

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $203,828Expenses 2011: $102,294Net Income 2011: $101,5342011Expenses 2012: $152,5982012Expenses 2013: $189,4302013Revenue 2014: $269,659Expenses 2014: $200,775Net Income 2014: $68,8842014Revenue 2015: $290,113Expenses 2015: $359,323Net Income 2015: -$69,2102015Revenue 2016: $338,269Expenses 2016: $270,414Net Income 2016: $67,8552016Revenue 2017: $382,124Expenses 2017: $309,729Net Income 2017: $72,3952017Revenue 2018: $831,165Expenses 2018: $561,657Net Income 2018: $269,5082018Revenue 2019: $500,720Expenses 2019: $516,865Net Income 2019: -$16,1452019Revenue 2020: $1,517,548Expenses 2020: $369,404Net Income 2020: $1,148,1442020Revenue 2021: $593,403Expenses 2021: $553,270Net Income 2021: $40,1332021Revenue 2022: $156,376Expenses 2022: $180,304Net Income 2022: -$23,9282022Revenue 2023: $170,775Expenses 2023: $302,701Net Income 2023: -$131,9262023Revenue 2024: $115,632Expenses 2024: $1,160,778Net Income 2024: -$1,045,1462024

Highlighted filing

2015

Revenue$290,113
Expenses$359,323
Net Income-$69,210
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 22, 2015
Return Version
2014v5.0
Gross Receipts
$290,113
Mission and Program Overview

Mission

To support sonoma county's economic development board programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$436,218$410,935▼ $25,283
Cash and Non-Interest-Bearing Accounts-$15,765-
Prepaid Expenses and Deferred Charges$8,924$8,924→ $0
Accounts Receivable$75,125$6,505▼ $68,620
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$520,267$442,129▼ $78,138
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$18,541$9,613▼ $8,928
Total Liabilities$18,541$9,613▼ $8,928
Net Assets / Fund Balance
Unrestricted Net Assets$356,266$335,300▼ $20,966
Temporarily Rstr Net Assets$145,460$97,216▼ $48,244
Total Net Assets Fund Balance$501,726$432,516▼ $69,210
Total Liabilities and Net Assets / Fund Balance$520,267$442,129▼ $78,138
Compensation and Service Providers

Employees

NameTitleOtherTotal
B StoneExec. DIR/SECRE$88,960$88,960

Board Members and Trustees

NameTitle
P ChanterChair
J OrlandoVice-chair
J WebleyMember
L FitzgeraldMember
M BagbyMember
M NichollsMember
M SuarezMember
M TomasiniMember
L KachiuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$172,860
Program Service Revenue
$116,710
Investment Income
$374
Other Revenue
$169
All Other Contributions
$172,860
Change in Net Assets
$-69,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$182,842--$182,842
Fees for Services Other$76,234--$76,234
Office Expenses$29,787$2,731-$32,518
Advertising$19,519$6,447-$25,966
Information Technology$7,411$3,513-$10,924
Other Expenses$1,250$281-$1,250
Fees for Services Accounting-$1,200-$1,200
Travel$1,169$30-$1,199
Insurance$906--$906
Fees for Services Legal-$20-$20
Total Functional Expenses$345,101$14,222$0$359,323
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The board treasurer reviews the form 990 with the accountant who prepared it. The board is informed of the filing of the tax return and provided with access to the returns.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The governing documents, tax returns and financial information are kept in the organization's office. Copies of these documents are available upon request. In addition, the organization's tax return is available on the guidestar website.

Filing and Contact Details

Filer

Filer Name
Sonoma County Economic Development
EIN
94-3397043
Phone
7075657170
Address
141 STONY CIRCLE, SANTA ROSA, CA 95401

Signing Officer

Name
B Stone
Title
Executive Director
Signed
2015-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
B Stone
Formed
2001
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
VM Accounting Services CPA
Address
1101 College Avenue Suite 240, Santa Rosa, CA 95404
Preparer
Victoria Mwangi
Phone
7075424465
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: INNOVATION COUNCIL - Funded by a grant from the Morgan Foundation, with a goal of transitioning from the NExT Economy Project to NExT 2.0 by establishing the NExT Economy Taskforce to oversee and implement key recommendations of the NExT Economy Project Report. Additionally, the structural organization of NExT will influence the development of Industry Projects to assist and advance three evolving clusters in Sonoma County agriculture, outdoor recreation and craft beverage. OTHER PROGRAM SERVICES 5: Research InitiativesSupports the Foundations mission by helping fund research, economic reports, and business tools to assist local businesses and grow the local economy. OTHER PROGRAM SERVICES 6: ECONOMIC CONFERENCE - Dr. Steve Cochrane of Moodys Analytics provided an economic outlook for California and Sonoma County on June 26, 2015 to a breakfast group of over 280 for the 2015 Economic Conference. Well attended by various financial, construction, education and energy-related businesses, the event included a second speaker, Diego Tamburini, Manufacturing Industry Strategist at Autodesk, whose presentation focused on future manufacturing and consumer trends. The event also had an introduction by Supervisor Susan Gorin and updates by speakers from the Economic Development Board. OTHER PROGRAM SERVICES 7: Sonoma County Beer, Cider & Spirits - The Economic Development Board Foundation held the second Sonoma County Beer, Cider & Spirits Conference on February 27, 2015 Santa Rosa. The conference was attended by over 400 people. Supporting the event were 31 sponsors and 19 companies pouring their beverages. Keynoting the event were Anchor Brewings Fritz Maytag and Keith Greggor. Many other notable speakers participated as panelists during four breakout sessions focusing on regulations, retail/distribution, finance, and wastewater. Leading up to the conference, the Foundation coordinated the production of the first-ever printed map highlighting Sonoma County beer, cider and spirits producers. The map debuted at the conference and was well received by producers, suppliers and service providers. Since the conference, the map has been distributed to Sonoma County visitor centers, major hotels, and all the craft beverage producers. Additionally, a video of Sonoma County beer, cider and spirits producers was developed by the Foundation. The 4-minute video debuted at the conference, and a 30-second promotional video was released on Facebook a week before the conference. OTHER PROGRAM SERVICES 8: ECONOMIC DEVELOPMENT BOARD FOUNDATION WAS INVOLVED IN OTHER SMALLER EVENTS AND PROGRAMS AIMED AT IMPROVING THE BUSINESS COMMUNITY IN SONOMA COUNTY OTHER PROGRAM SERVICES 9: Metropolitan Transportation Commission Grant: The project (Self-Employment and the Road to Economic Security) was funded by the Metropolitan Transportation Commission through the Economic Opportunity Initiative of the U.S. Department of Housing and Urban Development Regional Prosperity Plan project. The project had as objectives to increase entrepreneurship outreach of target groups, development of an entrepreneurship pipeline, data-driven business retention and expansion efforts, and identifying opportunity for promising entrepreneurs

Part IV Line 12A - Audited Financial Statements

This entity is audited every two years. Next audit will be fall 2015

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Metropolitan Transportation Commission Grant: The project (Self-Employment and the Road to Economic Security) was funded by the Metropolitan Transportation Commission through the Economic Opportunity Initiative of the U.S. Department of Housing and Urban Development Regional Prosperity Plan project. The project had as objectives to increase entrepreneurship outreach of target groups, development of an entrepreneurship pipeline, data-driven business retention and expansion efforts, and identifying opportunity for promising entrepreneurs
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IRS990/ProgSrvcAccomActy3Grp/Desc0Sonoma County Beer, Cider & Spirits - The Economic Development Board Foundation held the second Sonoma County Beer, Cider & Spirits Conference on February 27, 2015 Santa Rosa. The conference was attended by over 400 people. Supporting the event were 31 sponsors and 19 companies pouring their beverages. Keynoting the event were Anchor Brewings Fritz Maytag and Keith Greggor. Many other notable speakers participated as panelists during four breakout sessions focusing on regulations, retail/distribution, finance, and wastewater. Leading up to the conference, the Foundation coordinated the production of the first-ever printed map highlighting Sonoma County beer, cider and spirits producers. The map debuted at the conference and was well received by producers, suppliers and service providers. Since the conference, the map has been distributed to Sonoma County visitor centers, major hotels, and all the craft beverage producers. Additionally, a video of Sonoma County beer, cider and spirits producers was developed by the Foundation. The 4-minute video debuted at the conference, and a 30-second promotional video was released on Facebook a week before the conference.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0359323
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COUNTY OF SONOMA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: INNOVATION COUNCIL - Funded by a grant from the Morgan Foundation, with a goal of transitioning from the NExT Economy Project to NExT 2.0 by establishing the NExT Economy Taskforce to oversee and implement key recommendations of the NExT Economy Project Report. Additionally, the structural organization of NExT will influence the development of Industry Projects to assist and advance three evolving clusters in Sonoma County agriculture, outdoor recreation and craft beverage. OTHER PROGRAM SERVICES 5: Research InitiativesSupports the Foundations mission by helping fund research, economic reports, and business tools to assist local businesses and grow the local economy. OTHER PROGRAM SERVICES 6: ECONOMIC CONFERENCE - Dr. Steve Cochrane of Moodys Analytics provided an economic outlook for California and Sonoma County on June 26, 2015 to a breakfast group of over 280 for the 2015 Economic Conference. Well attended by various financial, construction, education and energy-related businesses, the event included a second speaker, Diego Tamburini, Manufacturing Industry Strategist at Autodesk, whose presentation focused on future manufacturing and consumer trends. The event also had an introduction by Supervisor Susan Gorin and updates by speakers from the Economic Development Board. OTHER PROGRAM SERVICES 7: Sonoma County Beer, Cider & Spirits - The Economic Development Board Foundation held the second Sonoma County Beer, Cider & Spirits Conference on February 27, 2015 Santa Rosa. The conference was attended by over 400 people. Supporting the event were 31 sponsors and 19 companies pouring their beverages. Keynoting the event were Anchor Brewings Fritz Maytag and Keith Greggor. Many other notable speakers participated as panelists during four breakout sessions focusing on regulations, retail/distribution, finance, and wastewater. Leading up to the conference, the Foundation coordinated the production of the first-ever printed map highlighting Sonoma County beer, cider and spirits producers. The map debuted at the conference and was well received by producers, suppliers and service providers. Since the conference, the map has been distributed to Sonoma County visitor centers, major hotels, and all the craft beverage producers. Additionally, a video of Sonoma County beer, cider and spirits producers was developed by the Foundation. The 4-minute video debuted at the conference, and a 30-second promotional video was released on Facebook a week before the conference. OTHER PROGRAM SERVICES 8: ECONOMIC DEVELOPMENT BOARD FOUNDATION WAS INVOLVED IN OTHER SMALLER EVENTS AND PROGRAMS AIMED AT IMPROVING THE BUSINESS COMMUNITY IN SONOMA COUNTY OTHER PROGRAM SERVICES 9: Metropolitan Transportation Commission Grant: The project (Self-Employment and the Road to Economic Security) was funded by the Metropolitan Transportation Commission through the Economic Opportunity Initiative of the U.S. Department of Housing and Urban Development Regional Prosperity Plan project. The project had as objectives to increase entrepreneurship outreach of target groups, development of an entrepreneurship pipeline, data-driven business retention and expansion efforts, and identifying opportunity for promising entrepreneurs
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD TREASURER REVIEWS THE FORM 990 WITH THE ACCOUNTANT WHO PREPARED IT. THE BOARD IS INFORMED OF THE FILING OF THE TAX RETURN AND PROVIDED WITH ACCESS TO THE RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, TAX RETURNS AND FINANCIAL INFORMATION ARE KEPT IN THE ORGANIZATION'S OFFICE. COPIES OF THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE ORGANIZATION'S TAX RETURN IS AVAILABLE ON THE GUIDESTAR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS ENTITY IS AUDITED EVERY TWO YEARS. NEXT AUDIT WILL BE FALL 2015
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART IV LINE 12A - AUDITED FINANCIAL STATEMENTS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTE ECONOMIC DEVELOPMENT IN SONOMA COUNTY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SANTA ROSA
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.97$0.24$0.73$0.12$1.16$1.05
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.08$1.78$0.17$0.30$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.98$0.07$1.91$0.16$0.18$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.96$0.03$1.93$0.59$0.55$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.00$0.11$1.89$1.52$0.37$1.15
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.02$0.83$0.50$0.52$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.07$0.84$0.83$0.56$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.61$0.03$0.57$0.38$0.31$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.53$0.03$0.50$0.34$0.27$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$0.29$0.36$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.50$0.27$0.20$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.02$0.43$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.02$0.40$0.15
2011Summary only. Only limited summary data is available for this year.$0.42$0.00$0.41$0.20$0.10$0.10