Nonprofit · EIN 68-0387718
CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT
Tax-exempt · SACRAMENTO, CA 95833
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $359,208 | $350,574 | $8,634 | $666,906 | $105,718 | $561,188 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $304,639
- of which government grants
- $203,511
- Program service revenue
- $49,294
- Investment income
- $5,275
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $100
- Accounting fees
- $6,400
- Travel
- $1,524
- Program services (functional)
- $318,072
- Management and general (functional)
- $32,502
Balance sheet and other
- Total assets, start of year
- $723,350
- Total assets, end of year
- $666,906
- Total liabilities, end of year
- $105,718
- Net assets, end of year
- $561,188
- Net assets without donor restrictions
- $446,629
- Net assets with donor restrictions
- $114,559
- Gross unrelated business income
- $5,275
- Gross receipts
- $359,208
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1998
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GURBAX SAHOTA | EXECUTIVE DIRECTOR Officer | 10 | $0 | $259,539 | $18,168 |
| KEVIN HAM | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| BRUCE STENSLIE | SEC/TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LARRY VAUPEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE DAMKO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARGARET SILVEIRA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID LYMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JASON CRAWFORD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2150 RIVER PLAZA DRIVE, SACRAMENTO, CA 95833-3883
- Principal officer (990 for 2024)
- GURBAX SAHOTA, 2150 RIVER PLAZA DR 275, Sacramento, CA 95833
- Signed the 990
- GURBAX SAHOTA, EXECUTIVE DIRECTOR
- Phone
- (916) 448-8252
- Return prepared by
- Danby Consulting
Mission
DEVOTED TO CAREER TRAINING, COMMUNITY EDUCATION AND RESEARCH. BY EMPHASIZING INNOVATION AS WELL AS TESTED METHODS, WE STRIVE TO EDUCATE ECONOMIC DEVELOPERS AND COMMUNITIES ON BEST PRACTICES TO GROW HEALTHY AND VIBRANT COMMUNITIES.
Program accomplishments
- CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING IDENTIFYING BEST PRACTICES, PARTHERING WITH LOCAL GOVERNMENT OFFICALS, AND SUPPORTING AN ANNUAL ECONOMIC DEVELOPMENT CONFERENCE/TRAINING.Expenses $31,497 · grants $3,000 · revenue $49,294
- THE OUTSMART DISASTER CAMPAIGN WAS DESIGNED BY CALIFORNIAS BUSINESS CONSUMER SERVICES AND HOUSING AGENCY (BCSH) TO COMMUNICATE RISKS, PROVIDE RESOURCES, AND CALL TO ACTION BUSINESSES AND ORGANIZATIONS WITH THE GOAL OF COLLECTIVELY BECOMING MORE PREPARED TO REDUCE DAMAGES AND SPEED UP BUSINESS RECOVERY IN CALIFORNIA. WITH THE HELP OF THE STATE OF CAS PARTNERS, THE GOAL OF THE CAMPAIGN IS TO ASSIST INTERESTED PARTICIPANTS IN THEIR ENDEAVOR TO BECOME RESILIENT. THE ADADEMY HAS A CONTRACT WITH THE STATE OF CA TO SERVE AS THE FISCAL AGENT AND MANAGING ENTITY FOR THE PROGRAM.Expenses $286,575
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 68-0387718
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $666,906
- Income (IRS master file)
- $359,208
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $233,292 | $227,374 | $622,295 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT
- What is the EIN of CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT?
- The employer identification number (EIN) of CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT is 68-0387718.
- Is CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names GURBAX SAHOTA.
- Who are the officers and directors of CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $359,208, expenses of $350,574 and total assets of $666,906 at year end.
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