2024-08-26T18:17:42-05:00 2023-12-31 952694444 CONSIDINE & CONSIDINE 8989 RIO SAN DIEGO DRIVE SUITE 250 SAN DIEGO CA 921081604 990 2023-01-01 952406199 ECONOMIC DEVELOPMENT CORPORATION SAN DIEGO COUNTY ECON 6192348484 1100 MARKET STREET 438 SAN DIEGO CA 92101 MARK CAFFERTY PRESIDENT 6192348484 2024-08-22 1 1 LUKAS DAVIS P00668234 6192311977 2024-08-22 2023 2024-08-08 14:25:15Z MARK CAFFERTY 1100 MARKET STREET 438 SAN DIEGO CA 92101 4375025 0 X WWW.SANDIEGOBUSINESS.ORG X 1965 CA TO MAXIMIZE THE REGION'S ECONOMIC PROSPERITY AND GLOBAL COMPETITIVENESS. 75 74 27 400 0 0 2863907 2783643 689022 1034346 3484 62762 128003 118514 3684416 3999265 0 0 0 0 2754285 3077302 0 0 0 937300 911335 3691585 3988637 -7169 10628 2869414 3922793 498587 1540152 2370827 2382641 TO MAXIMIZE THE REGION'S ECONOMIC PROSPERITY AND GLOBAL COMPETITIVENESS. 0 0 3411018 THE REGIONAL SBDC LEAD CENTER, BASED AT SOUTHWESTERN COLLEGE, CONTRACTS WITH EDC TO COORDINATE AND FACILITATE RECOVERY ASSISTANCE AND RESOURCES FOR SMALL BUSINESSES. IN ADDITION, SBDC CONTRACTS WITH EDC/WTC TO PROVIDE EXPORT COUNSELING AND RESOURCES TO SMALL BUSINESSES.THE CITY OF SAN DIEGO CONTRACTS WITH EDC TO PROVIDE BUSINESS RETENTION, AND EXPANSION SERVICES THROUGHOUT THE CITY. IT ALSO SUPPORTS EDC AFFLIATE WORLD TRADE CENTER SAN DIEGO'S METROCONNECT PROGRAM TO HELP SMALL BUSINESS BUILD EXPORTS, FACILITATE FOREIGN DIRECT INVESTMENT AND ORGANIZE TRADE MISSIONS. 3411018 0 1 0 1 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 11 0 27 1 0 0 0 0 0 0 0 0 X 75 74 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DEBBIE AUBERT 6192348484 1100 MARKET STREET 438 SAN DIEGO CA 92101 MARK CAFFERTY PRESIDENT & CEO 40.00 X X 436958 0 0 HEATHER ACE DIRECTOR 0.00 X 0 0 0 NELSON ACKERLY DIRECTOR 0.00 X 0 0 0 CHRIS AMBLE DIRECTOR 0.00 X 0 0 0 KIMBERLY BECKER DIRECTOR 0.00 X 0 0 0 NEIL BENCE DIRECTOR 0.00 X 0 0 0 ROBERT BLAIR DIRECTOR 0.00 X 0 0 0 LINDEN BLUE DIRECTOR 0.00 X 0 0 0 STEVE BRASS DIRECTOR 0.00 X 0 0 0 KIMBERLY BREWER DIRECTOR 0.00 X 0 0 0 BOB BROWER DIRECTOR 0.00 X 0 0 0 JANICE BROWN DIRECTOR 0.00 X 0 0 0 DEBORA BURKE DIRECTOR 0.00 X 0 0 0 MALIN BURNHAM DIRECTOR 0.00 X 0 0 0 TIAGO CARNEIRO DIRECTOR 0.00 X 0 0 0 RHO CAULEY BRUNER DIRECTOR 0.00 X 0 0 0 DAVID CHERASHORE DIRECTOR 0.00 X 0 0 0 CLIFFORD CHO DIRECTOR 0.00 X 0 0 0 ADELA DE LA TORRE DIRECTOR 0.00 X 0 0 0 DAN DENHAM DIRECTOR 0.00 X 0 0 0 DENNIS DOUCETTE DIRECTOR 0.00 X 0 0 0 MARK FIELD DIRECTOR 0.00 X 0 0 0 JANE FINLEY DIRECTOR 0.00 X 0 0 0 ALISON FLEURY DIRECTOR 0.00 X 0 0 0 BRUCE FOLKMANN DIRECTOR 0.00 X 0 0 0 PATRICIO FRIAS DIRECTOR 0.00 X 0 0 0 YEHUDI GAFFEN DIRECTOR 0.00 X 0 0 0 LAURA GARRETT DIRECTOR 0.00 X 0 0 0 CARLOS GONZALEZ DIRECTOR 0.00 X 0 0 0 JAMES HARRIS DIRECTOR 0.00 X 0 0 0 DANIEL HEDSTROM DIRECTOR 0.00 X 0 0 0 INGO HENTSCHEL DIRECTOR 0.00 X 0 0 0 ERIC ICKE DIRECTOR 0.00 X 0 0 0 JASON JAGER DIRECTOR 0.00 X 0 0 0 KEITH B JONES DIRECTOR 0.00 X 0 0 0 PRADEEP KHOSLA DIRECTOR 0.00 X 0 0 0 JUNE KOMAR DIRECTOR 0.00 X 0 0 0 JAKE LEACH DIRECTOR 0.00 X 0 0 0 KATHRYN LEMBO DIRECTOR 0.00 X 0 0 0 SHELLEY LYFORD DIRECTOR 0.00 X 0 0 0 SHELDON LYN DIRECTOR 0.00 X 0 0 0 LAURA MACNEEL DIRECTOR 0.00 X 0 0 0 ANNE MARBARGER DIRECTOR 0.00 X 0 0 0 SANDRA MCDONOUGH DIRECTOR 0.00 X 0 0 0 MARK MILLIRON DIRECTOR 0.00 X 0 0 0 JULI MORAN DIRECTOR 0.00 X 0 0 0 TRACY MURPHY DIRECTOR 0.00 X 0 0 0 MIKE NEAL DIRECTOR 0.00 X 0 0 0 ELLEN NEUFELDT DIRECTOR 0.00 X 0 0 0 DEBORAH NGUYEN DIRECTOR 0.00 X 0 0 0 GRANT OLIPHANT DIRECTOR 0.00 X 0 0 0 KEVIN PEGELS DIRECTOR 0.00 X 0 0 0 KAREN REINHARDT DIRECTOR 0.00 X 0 0 0 MATTHEW REEL DIRECTOR 0.00 X 0 0 0 MANUEL RODRIGUEZ DIRECTOR 0.00 X 0 0 0 DANIEL RYAN DIRECTOR 0.00 X 0 0 0 AARON RYAN DIRECTOR 0.00 X 0 0 0 PUNEET SARIN DIRECTOR 0.00 X 0 0 0 MARK STUART DIRECTOR 0.00 X 0 0 0 STEVEN STUCKEY DIRECTOR 0.00 X 0 0 0 COLTON SUDBERRY DIRECTOR 0.00 X 0 0 0 PETER TOWNSHEND DIRECTOR 0.00 X 0 0 0 THOMAS TURNER DIRECTOR 0.00 X 0 0 0 RAY VARELA DIRECTOR 0.00 X 0 0 0 SIDDHARTHA VIVEK DIRECTOR 0.00 X 0 0 0 CHRIS WILLIAMS DIRECTOR 0.00 X 0 0 0 DERRICK YORK DIRECTOR 0.00 X 0 0 0 DAVID THOMAS JR DIRECTOR 0.00 X 0 0 0 PETE TOWNSHEND DIRECTOR 0.00 X 0 0 0 TOM TURNER DIRECTOR 0.00 X 0 0 0 KAMNI VIJAY DIRECTOR 0.00 X 0 0 0 SIDD VIVEK DIRECTOR 0.00 X 0 0 0 BARBARA WIGHT DIRECTOR 0.00 X 0 0 0 CHRIS WILLIAMS DIRECTOR 0.00 X 0 0 0 JENNIE BROOKS BOARD CHAIR 40.00 X 0 0 0 BARBARA WIGHT SECRETARY 40.00 X 0 0 0 THOMAS SEIDLER TREASURER 40.00 X 0 0 0 ROB DOUGLAS VICE CHAIR 40.00 X 0 0 0 LISETTE ISLAS VICE CHAIR, INCLUSIVE GROWTH 40.00 X 0 0 0 LAUREE SAHBA COO 40.00 X 318800 0 0 NIKIA CLARK SENIOR VICE PRESIDENT 40.00 X 233000 0 0 988758 0 0 3 0 1 0 0 2783643 37219 2783643 CONTRACTS 900099 1034346 1034346 1034346 62762 62762 491088 375760 115328 115328 OTHER 900099 3186 3186 3186 3999265 1037532 0 178090 988758 860220 128538 1606189 1397385 208804 315388 274388 41000 166967 145260 21707 5618 4213 1405 46493 34870 11623 3924 3924 45824 34368 11456 64320 32160 32160 289884 252199 37685 126099 94574 31525 56792 49409 7383 20364 10182 10182 34173 29731 4442 CORE PROGRAMMING/INITIA 80005 80005 RESEARCH 70133 70133 GLOBAL MARKETING 22639 22639 TELEPHONE 18686 16257 2429 26381 3025 23356 3988637 3411018 577619 0 1004227 207144 1268467 1285533 484623 486339 39869 28721 111820 59956 72228 51864 771485 0 1091707 2869414 3922793 498587 454994 0 1085158 498587 1540152 X 370827 382641 2000000 2000000 2370827 2382641 2869414 3922793 10628 1186 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 111820 59956 51864 51864 SECURITIES 771485 C 771485 RIGHT OF USE ASSET 1091707 1091707 OPERATING LEASE LIABILITY 1085158 1085158 X 4232168 1186 2500 375760 379446 3852722 3924 142619 146543 3999265 4220354 2500 375760 378260 3842094 3924 142619 146543 3988637 PART X, LINE 2: THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS WHICH PROVIDE THE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITION AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 375,760. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT BENEFIT TO DONORS 142,619. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 375,760. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT BENEFIT TO DONORS 142,619. 1 X X X X 0 0 0 MARK CAFFERTY PRESIDENT & CEO 346964 0 0 0 89994 0 0 0 0 0 436958 0 0 0 LAUREE SAHBA COO 285500 0 0 0 33300 0 0 0 0 0 318800 0 0 0 NIKIA CLARK SENIOR VICE PRESIDENT 205000 0 0 0 28000 0 0 0 0 0 233000 0 0 0 X TRAVEL VOUCHERS 1 20000 X AV 1 15000 X OTHER 1 2500 X PRINTED MATERIALS 1 1569 X OTHER SUPPLIES 1 650 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS ONLY. MEMBERSHIP SHALL BE OPEN TO ANY PERSON OR LEGAL ENTITY INTERESTED IN THE CORPORATION'S OBJECTIVES AND WHO APPLIES FOR MEMBERSHIP AND IS APPROVED PURSUANT TO THESE BYLAWS BY THE BOARD OF DIRECTORS. THERE SHALL BE TWO CLASSES OF MEMBERSHIP: PUBLIC MEMBERS AND PRIVATE MEMBERS. PUBLIC MEMBERS AND PRIVATE MEMBERS ARE SOMETIMES REFERRED TO IN THESE BYLAWS AS "MEMBERS OR "INVESTORS". THE BOARD MAY, FROM TIME TO TIME, BY AMENDMENT OF THESE BYLAWS, ESTABLISH OTHER CLASSES OF MEMBERSHIP WITH SUCH RIGHTS AND DUTIES AS SHALL BE PROVIDED BY THE BOARD. NO ADDITIONAL CLASSES OF MEMBERSHIP SHALL HAVE VOTING RIGHTS THAT MATERIALLY AND ADVERSELY AFFECT THE RIGHTS OF ANY CLASS AS TO VOTING WITHOUT THE APPROVAL OF THE MEMBERS AND THE MEMBERS OF THE CLASS AFFECTED. MEMBERS/INVESTORS MUST BE CURRENT WITH THEIR FINANCIAL COMMITMENT TO EDC. THE PUBLIC MEMBERS OF THE CORPORATION SHALL BE THOSE GOVERNMENTAL ENTITIES WHICH PROVIDE FUNDING TO THE CORPORATION THROUGH PAYMENTS MADE IN ACCORDANCE WITH CONTRACTUAL OR OTHER AGREEMENTS BETWEEN THE CORPORATION AND THE GOVERNMENTAL ENTITY WHICH ARE APPROVED BY THE BOARD. MEMBERS SHALL HAVE ONE VOTE AND SHALL BE ENTITLED TO VOTE ON ALL MATTERS COMING BEFORE THE MEMBERSHIP. ANY INDIVIDUAL, CORPORATION, PARTNERSHIP, ASSOCIATION OR OTHER ENTITY SUBSCRIBING TO THE PURPOSES AND GOALS OF THE CORPORATION SHALL BE ELIGIBLE FOR MEMBERSHIP. MEMBERS SHALL HAVE ONE VOTE AND SHALL BE ENTITLED TO VOTE ON ALL MATTERS COMING BEFORE THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ACCOUNTANT WORKED WITH THE PAID TAX PREPARER TO PROCESS FORM 990. DRAFT IS SUBMITTED TO COO, AND AUDIT COMMITTEE CHAIR FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. IF CONFICT ARISES, THEN IT IS ADDRESSED BY THE BOARD AND ACTIONS ARE EXECUTED ACCORDINGLY. ANY BOARD MEMBER WITH A CONFLICT IS NOT ALLOWED TO VOTE ON A TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION APPROVAL PROCESS FOR THE CEO WAS CONDUCTED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE. THE COMMITTEE CONDUCTED A LOCAL SURVEY OF LIKE ORGANIZATIONS, PRIMARILY NON-PROFITS. THE SALARY APPROVAL PROCESS WAS DOCUMENTED. THE PROCESS OF DETERMINING COMPENSATION FOR ALL OTHER EMPLOYEES WAS CONDUCTED ON 10/15/22 AND BASED UPON RECOMMENDATIONS BY THE CEO, WITH INPUT FROM MANAGERS THROUGH THE COO. THIS PROCESS INCLUDES MARKET COMPENSATION RELATED INFORMATION AND PERFORMANCE METRICS TO JUSTIFY COMPENSATION PACKAGES AND/OR SALARY ADJUSTMENTS. COST OF LIVING ADJUSTMENTS AND MERIT RAISES ARE CONSIDERED ANNUALLY. ALL COMPENSATION WAS APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.