East County Economic Development Council
- Assets
- $560.2k
- Revenue
- $772.1k
- Investments
- $0.0
- Employees
- 7
- Location
- El Cajon, CA
- Founding
- 11/1984
- Data as of
- 06/2022
- EIN
- 33-0047997
Organization Overview
East County Economic Development Council is located in El Cajon, CA. The organization was established in 1984. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, East County Economic Development Council employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East County Economic Development Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, East County Economic Development Council generated $772.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $772.4k during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION EXISTS FOR THE PURPOSE OF SUPPORTING, HELPING AND PROMOTING THE BUSINESS COMMUNITY OF EAST SAN DIEGO COUNTY. IT'S PROGRAMS AND PROJECTS ALL SERVE TO RETAIN AND ENHANCE PRIMARY EMPLOYMENT IN THE EAST COUNTY; PROMOTE BUSINESS EXPANSION AND RETENTION; STIMULATE INVESTMENT IN THE REGION; FACILITATE OPEN DIALOGUE AMONG THE AREA'S BUSINESS, GOVERNMENT, AND EDUCATION LEADERS; AND FOSTER GREATER REGIONAL COOPERATION AND PLANNING TO BENEFIT THE ENTIRE EAST COUNTY. IT'S MEMBERSHIP IS COMPSED OF REPRESENTATIVES FROM THE BUSINESS AND GOVERNMENTAL AGENCIES OF THIS AREA. ALL FUNDS RECEIVED ARE DIRECTED TOWARD THE ACCOMPLISHMENT OF THE ABOVE ACTIVITY. THE NUMBER OF ORGANIZATIONS DIRECTLY BENEFITED WAS APPROXIMATELY 125. THE NUMBER OF ORGANIZATIONS INDIRECTLY BENEFITED IS UNKNOWN, BECAUSE SUCH BENEFITS FAN OUT IN A PYRAMID FASHION IN A WAY THAT GOES BEYOND THE RECORD KEEPING OF THIS ORGANIZATION. "PRIMARY INDUSTRY NEWS" IS A MONTHLY UPDATE FOR EAST COUNTY'S PRIMARY INDUSTRY COMPANIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION EXISTS FOR THE PURPOSE OF SUPPORTING, HELPING AND PROMOTING THE BUSINESS COMMUNITY OF EAST SAN DIEGO COUNTY.
TO SUPPORT, HELP, AND PROMOTE THE BUSINESS COMMUNITY OF EAST SAN DIEGO COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Sly President/ce | OfficerTrustee | 40 | $137,043 |
Joe Britton Director | Trustee | 1 | $0 |
George Gastil Director | Trustee | 1 | $0 |
Barry Jantz Second Vice | OfficerTrustee | 1 | $0 |
Kathy Kassel Director | Trustee | 1 | $0 |
Laura Lothian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,358 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $772,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,700 |
| Pension plan accruals and contributions | $8,531 |
| Other employee benefits | $36,949 |
| Payroll taxes | $38,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,017 |
| Advertising and promotion | $122 |
| Office expenses | $36,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,351 |
| Travel | $3,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,891 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,170 |
| All other expenses | $0 |
| Total functional expenses | $772,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,124 |
| Savings and temporary cash investments | $24,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,185 |
| Accounts payable and accrued expenses | $256,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $256,109 |
| Net assets without donor restrictions | $304,076 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $304,076 |