Civic San Diego Economic Growth And Neighborhood Investment Fund
- Assets
- $9.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 11/2014
- Data as of
- 06/2022
- EIN
- 46-0660465
Organization Overview
Civic San Diego Economic Growth And Neighborhood Investment Fund is located in San Diego, CA. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Civic San Diego Economic Growth And Neighborhood Investment Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Civic San Diego Economic Growth And Neighborhood Investment Fund generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Civic San Diego Economic Growth And Neighborhood Investment Fund has awarded 14 individual grants totaling $1,437,444. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CIVIC COMMUNITY PARTNERS, INC. (CORPORATION) IS A NONPROFIT PUBLIC BENEFIT CORPORATION CREATED
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED AS MANAGING MEMBER OF SUBSIDARY CDES WHICH AUTHORIZED ALLOCATIONS OF $213,000,000 OF NEW MARKETS TAX CREDITS TO FIFTEEN SUBSIDIARY CDES. THESE ALLOCATIONS ASSIST THE ORGANIZATIONS TO FUND CONSTRUCTION PROJECTS AND OR PROGRAMS IN UNDERSERVED COMMUNITIES IN SAN DIEGO COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Phillips President & CEO | Officer | 40 | $0 |
Daniel Kay Evp | Officer | 0.5 | $0 |
Thaddius Michael Lengyel Director | Officer | 0.5 | $0 |
Lisa Greeson Evp | Officer | 0.5 | $0 |
Maddy Kilkenny Chair | Trustee | 0.5 | $0 |
Stephen Russell Vice Chair | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $571,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $571,227 |
| Total Program Service Revenue | $3,716,643 |
| Investment income | $16,699 |
| 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 | $4,304,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,327 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,235 |
| Fees for services: Accounting | $28,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,893 |
| Office expenses | $31,240 |
| Information technology | $4,463 |
| Royalties | $0 |
| Occupancy | $48,523 |
| Travel | $4,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,493 |
| Interest | $15,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,444 |
| Insurance | $82,877 |
| All other expenses | $7,606 |
| Total functional expenses | $2,507,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,895,660 |
| Savings and temporary cash investments | $261,621 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,014,893 |
| 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 | $2,664 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,800,548 |
| Intangible assets | $9,143 |
| Other assets | $13,663 |
| Total assets | $8,998,192 |
| Accounts payable and accrued expenses | $56,113 |
| 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 | $1,300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,356,113 |
| Net assets without donor restrictions | $6,142,079 |
| Net assets with donor restrictions | $1,500,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,998,192 |
Grants Awarded
Over the last fiscal year, Civic San Diego Economic Growth And Neighborhood Investment Fund has awarded $27,827 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: FUNDING TO SUPPORT THE BID ACCESS TO CAPITAL COLLABORATION IN THE DIAMOND BUSINESS IMPROVEMENT DISTRICT | $10,000 |
San Ysidro, CA PURPOSE: FUNDING TO SUPPORT THE BID ACCESS TO CAPITAL COLLABORATION IN THE SAN YSIDRO CHAMBER OF COMMERCE IMPROVEMENT DISTRICT | $10,000 |
San Diego, CA PURPOSE: FISCAL SPONSOR FOR HOUSE OF MUSIC WHILE THEY WAITED FOR THEIR IRS DETERMINATION AS NON PROFIT | $7,827 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Civic San Diego Economic Growth And Neighborhood Investment Fund has recieved totaling $285,000.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: FINANCE JUSTICE FUND SUBGRANT | $150,000 |
National Association For Latino Community Asset Builders San Antonio, TX PURPOSE: Small Business | $135,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |