2025-08-13T17:24:29-05:00 2024-12-31 952694444 CONSIDINE & CONSIDINE 8989 RIO SAN DIEGO DRIVE SUITE 250 SAN DIEGO CA 921081604 990 2024-01-01 952406199 ECONOMIC DEVELOPMENT CORPORATION SAN DIEGO COUNTY ECON 6192348484 1100 MARKET STREET 438 SAN DIEGO CA 92101 MARK CAFFERTY PRESIDENT 6192348484 2025-08-04 1 0 LUKAS DAVIS P00668234 6192311977 2025-08-04 2024 2025-03-06 01:10:19Z MARK CAFFERTY 1100 MARKET STREET 438 SAN DIEGO CA 92101 4656572 0 X WWW.SANDIEGOBUSINESS.ORG X 1965 CA TO MAXIMIZE THE REGION'S ECONOMIC PROSPERITY AND GLOBAL COMPETITIVENESS. 71 71 28 200 0 0 2783643 2955090 1034346 1067937 62762 95947 118514 182379 3999265 4301353 0 0 0 0 3077302 3318647 0 0 0 911335 970656 3988637 4289303 10628 12050 3922793 3860448 1540152 1465757 2382641 2394691 TO MAXIMIZE THE REGION'S ECONOMIC PROSPERITY AND GLOBAL COMPETITIVENESS. 0 0 3699810 1067937 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. 3699810 0 1 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 12 0 1 28 1 0 0 0 0 0 0 0 0 X 71 71 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 JENNIE BROOKS BOARD CHAIR 40.00 X X 0 0 0 THOMAS SEIDLER VICE CHAIR 40.00 X X 0 0 0 LISETTE ISLAS VICE CHAIR INCLUSION 40.00 X X 0 0 0 BRUCE FOLKMANN TREASURER 40.00 X X 0 0 0 NELSON ACKERLY DIRECTOR 0.00 X 0 0 0 CHRIS AMBLE DIRECTOR 0.00 X 0 0 0 PAUL BARIBAULT DIRECTOR 0.00 X 0 0 0 KIMBERLY BECKER DIRECTOR 0.00 X 0 0 0 BRYAN BENSO DIRECTOR 0.00 X 0 0 0 TOM BETHMANN 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 KIMBERLY BREWER DIRECTOR 0.00 X 0 0 0 JANICE BROWN DIRECTOR 0.00 X 0 0 0 ALISON BUDELSKY 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 ZOE CAWLFIELD 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 PATRICIO FRIAS DIRECTOR 0.00 X 0 0 0 KERRY FULCHER 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 STEFFI HAFEN DIRECTOR 0.00 X 0 0 0 JAMES HARRIS DIRECTOR 0.00 X 0 0 0 ASHLEY HAYSLIP 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 ALESSANDRA LEZAMA DIRECTOR 0.00 X 0 0 0 JEFF LINDEMAN DIRECTOR 0.00 X 0 0 0 MATTHEW LUXTON DIRECTOR 0.00 X 0 0 0 SHELLEY LYFORD DIRECTOR 0.00 X 0 0 0 LAURA MACNEEL DIRECTOR 0.00 X 0 0 0 ARNULFO MANRIQUEZ 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 MIKE NEAL DIRECTOR 0.00 X 0 0 0 ELLEN NEUFELDT DIRECTOR 0.00 X 0 0 0 CARLOS NUNEZ DIRECTOR 0.00 X 0 0 0 GRANT OLIPHANT DIRECTOR 0.00 X 0 0 0 TAD PARZEN DIRECTOR 0.00 X 0 0 0 KEVIN PEGELS DIRECTOR 0.00 X 0 0 0 TOM PENN DIRECTOR 0.00 X 0 0 0 STEVE PONTELL DIRECTOR 0.00 X 0 0 0 KAREN REINHARDT DIRECTOR 0.00 X 0 0 0 MONIQUE RODRIGUEZ 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 MARK STUART 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 RAY VARELA DIRECTOR 0.00 X 0 0 0 SIDDHARTHA 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 DERRICK YORK DIRECTOR 0.00 X 0 0 0 MARK CAFFERTY PRESIDENT & CEO 40.00 X X 451194 0 21614 LAUREE SAHBA COO 40.00 X 328325 0 18950 NIKIA CLARKE SENIOR VICE PRESIDENT 40.00 X 240750 0 13907 EDUARDO VELASQUEZ SR. DIRECTOR 40.00 X 150500 0 9030 JENNIFER STORM EXECUTIVE DIRECTOR 40.00 X 134075 0 8045 1304844 0 71546 5 0 1 0 CBRE CO UCSD PARK & MARKET 1100 MARKET ST SAN DIEGO CA 92101 OCCUPATIONAL SPACE 282600 PADRES LP 100 PARK BLVD SAN DIEGO CA 92101 ANNUAL DINNER EVENT VENUE 219452 2 2955090 35000 2955090 CONTRACTS 900099 1067937 1067937 1067937 93298 93298 2649 0 2649 2649 2649 535467 355219 180248 180248 OTHER 900099 2131 2131 2131 4301353 1070068 0 276195 779519 678182 101337 1992583 1733547 259036 148231 128961 19270 195824 170367 25457 202490 176166 26324 29271 21953 7318 42664 31998 10666 42822 21412 21410 289878 252194 37684 126935 95201 31734 66588 57932 8656 20294 10147 10147 37777 32866 4911 CORE PROGRAMMING/INITIA 147754 147754 RESEARCH 71793 71793 GLOBAL MARKETING 23703 23703 401K ADMIN FEES 20872 18159 2713 50305 27475 22830 4289303 3699810 589493 0 207144 537420 1285533 1581658 486339 476469 28721 73703 106940 75370 51864 31570 771485 318700 1091707 840928 3922793 3860448 454994 472042 0 151350 1085158 842365 1540152 1465757 X 382641 394691 2000000 2000000 2382641 2394691 3922793 3860448 12050 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 106940 75370 31570 31570 SECURITIES 318700 C 318700 RIGHT OF USE ASSET 840928 840928 OPERATING LEASE LIABILITY 842365 842365 X 4519350 354694 354694 4164656 136697 136697 4301353 4507300 354694 354694 4152606 136697 136697 4289303 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, 2024 AND 2023, 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 354,694. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT BENEFIT TO DONORS 136,697. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 354,694. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT BENEFIT TO DONORS 136,697. ANNUAL DINNER 239737 239737 3690 191432 1512 LEADERSHIP 77833 77833 3597 48773 905 6 217897 217897 19680 74401 11229 535467 535467 26967 314606 13646 355219 180248 1 X X X X 0 0 0 MARK CAFFERTY PRESIDENT & CEO 355276 0 86918 0 9000 0 21614 0 0 0 472808 0 0 0 LAUREE SAHBA COO 299775 0 28550 0 0 0 18950 0 0 0 347275 0 0 0 NIKIA CLARKE SENIOR VICE PRESIDENT 215250 0 25500 0 0 0 13907 0 0 0 254657 0 0 0 EDUARDO VELASQUEZ SR. DIRECTOR 136500 0 14000 0 0 0 9030 0 0 0 159530 0 0 0 X TRAVEL/LODGING VOUCHERS 2 35000 FMV 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 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. SAN DIEGO REGIONAL ECONOMIC DEVELOPMENT FOUNDATION 1100 MARKET STREET STE 438 SAN DIEGO CA 92101 330992658 SUPPORTS SAN DIEGO REGIONAL ECONOMIC DEVELOPMENT CORPORATION CA 501(C)(3) 509(A)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 SAN DIEGO REGIONAL ECONOMIC DEVELOPMENT FOUNDATION L 551090 ACCRUAL