Nonprofit · EIN 91-2154838
SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY
Tax-exempt · RIVERSIDE, CA 92517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,987,062 | $2,441,758 | $545,304 | $5,901,420 | $1,195,209 | $4,706,211 |
| June 30, 2024 | 990 | $2,445,434 | $2,105,387 | $340,047 | $5,366,878 | $1,205,971 | $4,160,907 |
| June 30, 2023 | 990 | $1,947,192 | $1,675,516 | $271,676 | $4,981,581 | $1,160,721 | $3,820,860 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $80,500
- Program service revenue
- $2,816,671
- Investment income
- $71,699
- Net rental income
- $18,059
- Other revenue
- $18,192
Expenses
- Grants and similar amounts paid
- $21,555
- Compensation of officers, directors and key employees
- $997,665
- Other salaries and wages
- $826,958
- Salaries, compensation and benefits (total)
- $2,072,813
- Professional fundraising fees
- $0
- Occupancy
- $20,382
- Travel
- $38,175
- Depreciation
- $22,572
- Program services (functional)
- $2,111,791
- Management and general (functional)
- $329,967
Balance sheet and other
- Total assets, start of year
- $5,366,878
- Total assets, end of year
- $5,901,420
- Total liabilities, end of year
- $1,195,209
- Net assets, end of year
- $4,706,211
- Land, buildings and equipment
- $996,520
- Net assets without donor restrictions
- $4,706,211
- Gross receipts
- $3,011,603
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2001
- 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 | Other / benefits |
|---|---|---|---|---|
| MICHAEL OCASIO | CEO Trustee or director, Officer | 40 | $393,510 | $21,076 |
| JIM ELY | PRESIDENT Officer | 40 | $311,548 | $14,159 |
| NESTOR CORREA | SR VICE PRES COMMERCIAL LE Highest-paid employee | 40 | $257,617 | $28,070 |
| RICHARD LEE | SR VICE PRES COMMERCIAL LE Highest-paid employee | 40 | $238,433 | $16,234 |
| CARRIE MILLER | CHIEF FINANCIAL OFFICER Officer | 40 | $204,685 | $28,211 |
| MARIA LOPEZ | CHIEF OPERATION OFFICER Highest-paid employee | 40 | $143,668 | $12,831 |
| EDDIE NEVAREZ | CREDIT ANALYST Highest-paid employee | 40 | $101,792 | $14,955 |
| LARRY TRUJILLO | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| PABLO OCASIO | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| THANH PHAM | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CASSAUNDRA JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL KARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GIL KEINAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHNNY THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHERINE NGUYEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL OCASIO | CEO Trustee or director, Officer | 40 | $353,790 | $19,369 |
| RICHARD LEE | SR VICE PRES COMMERCIAL LE Highest-paid employee | 40 | $202,032 | $14,187 |
| CARRIE MILLER | CHIEF FINANCIAL OFFICER Officer | 40 | $172,413 | $24,773 |
| NESTOR CORREA | SR VICE PRES COMMERCIAL LE Highest-paid employee | 40 | $151,422 | $25,169 |
| MARIA LOPEZ | CHIEF OPERATION OFFICER Highest-paid employee | 40 | $106,022 | $11,163 |
| JIM ELY | PRESIDENT Officer | 2 | $108,502 | $0 |
| LARRY TRUJILLO | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| PABLO OCASIO | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| THANH PHAM | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CASSAUNDRA JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL KARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOM BETRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GIL KEINAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHNNY THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE NGUYEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL OCASIO | PRESIDENT AND CEO Trustee or director, Officer | 40 | $326,947 | $18,937 |
| NESTOR CORREA | SR VICE PRES COMMERCIAL LE Highest-paid employee | 40 | $175,882 | $22,844 |
| RICHARD LEE | SR VICE PRES COMMERCIAL LE Highest-paid employee | 40 | $174,386 | $12,599 |
| CARRIE MILLER | CHIEF FINANCIAL OFFICER Officer | 40 | $140,691 | $21,547 |
| EDUARDO E BRUGMAN | CHIEF INFORMATION OFFICER (JULY '22- 'JAN23) Highest-paid employee | 40 | $128,515 | $11,887 |
| MARIA LOPEZ | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $101,217 | $10,314 |
| ABDI AHMED | DIRECTOR (JULY '22 -APRIL '23) Trustee or director | 1 | $0 | $0 |
| LARRY TRUJILLO | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| PABLO OCASIO | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CASSAUNDRA JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL KARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOM BETRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GIL KEINAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THANH PHAM | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CATHERINE NGUYEN | DIRECTOR (APRIL '23- JUNE '23) Trustee or director | 1 | $0 | $0 |
| ERIC BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5266, RIVERSIDE, CA 92517-5266
- Principal officer (990 for 2024)
- MICHAEL OCASIO, PO BOX 5266, RIVERSIDE, CA 925175266
- Signed the 990
- MICHAEL OCASIO, PRESIDENT
- Phone
- (714) 571-1900
- Website
- WWW.SBFDOC.ORG
- Return prepared by
- LSL LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 91-2154838 or by the name SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE FINANCIAL ASSISTANCE TO SMALL BUSINESSES. THE ORGANIZATION IS PRIMARILY INVOLVED IN ECONOMIC DEVELOPMENT LENDING ACTIVITIES PROVIDING STATE LOAN GUARANTEES TO BANK AND NON-BANK LENDERS THROUGH THE STATE LOAN GUARANTEE PROGRAM AND OTHER DIRECT CAPITAL ACCESS TO ECONOMICALLY DISADVANTAGED BUSINESSES THROUGHOUT CALIFORNIA. THIS ULTIMATELY STRENGTHENS THE LOCAL BUSINESS ECONOMY BY CREATING AND RETAINING JOBS.
Program accomplishments
- PROVIDES LOAN GUARANTEES AND OTHER DIRECT CAPITAL ACCESS PROGRAMS TO ECONOMICALLY DISADVANTAGED BUSINESSES THROUGHOUT CALIFORNIA, WHICH ULTIMATELY STRENGTHENS THE LOCAL BUSINESS ECONOMY BY CREATING AND RETAINING JOBS.Expenses $2,111,791 · grants $21,555 · revenue $2,816,804
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
- 91-2154838
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $5,901,420
- Income (IRS master file)
- $3,011,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,987,062 | $2,441,758 | $5,901,420 | XML |
| 990 | June 2024 | $2,445,434 | $2,105,387 | $5,366,878 | IRS |
| 990 | June 2023 | $1,947,192 | $1,675,516 | $4,981,581 | XML |
| 990 | June 2022 | $1,788,312 | $1,286,824 | $4,737,305 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 91-2154838).
Questions about SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY
- What is the EIN of SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY?
- The employer identification number (EIN) of SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY is 91-2154838.
- Is SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY 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 SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY 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 SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY 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 SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY?
- The 990 for the year ended June 30, 2025 names MICHAEL OCASIO.
- Who are the officers and directors of SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY?
- The 990 for the year ended June 30, 2025 lists 16 people; 7 received compensation from the organization, the highest $393,510 (MICHAEL OCASIO, CEO).
- How much revenue does SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,987,062, expenses of $2,441,758 and total assets of $5,901,420 at year end.
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All nonprofits in RIVERSIDE · California · Community improvement and capacity building