Superior California Economic Development Inc
- Assets
- $8.4m
- Revenue
- $926.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Redding, CA
- Founding
- 07/1995
- Data as of
- 06/2022
- EIN
- 68-0328218
Organization Overview
Superior California Economic Development Inc is located in Redding, CA. The organization was established in 1995. 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. As of 06/2022, Superior California Economic Development Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Superior California Economic Development Inc 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, Superior California Economic Development Inc generated $926.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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
PROVIDES ASSISTANCE IN ECONOMIC DEVELOPMENT PLANNING, COORDINATION AND IMPLEMENTATION AND PROVIDES SMALL BUSINESS TRAINING, COUNSELING & FINANCE ASSISTANCE WITH THE GOAL OF CREATING STABLE, LONG-TERM EMPLOYMENT OPPORTUNITIES IN THE PRIVATE SECTOR ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES ASSISTANCE IN ECONOMIC DEVELOPMENT PLANNING, COORDINATION AND IMPLEMENTATION AND PROVIDES SMALL BUSINESS TRAINING, COUNSELING & FINANCE ASSISTANCE WITH THE GOAL OF CREATING STABLE, LONG-TERM EMPLOYMENT OPPORTUNITIES IN THE PRIVATE SECTOR ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Richardson Loan Program Mngr | 40 | $123,482 | |
Robert Nash CEO | Officer | 40 | $88,467 |
Sue Tofflemire CFO | Officer | 20 | $50,005 |
Bill Hinman Treasurer | OfficerTrustee | 0.5 | $0 |
Jeff Kiser President | OfficerTrustee | 0.5 | $0 |
Brandon Criss Vice President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $314,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,324 |
| Total Program Service Revenue | $551,943 |
| Investment income | $11,207 |
| 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 | $926,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $138,472 |
| Compensation of current officers, directors, key employees. | $194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,202 |
| Pension plan accruals and contributions | $13,015 |
| Other employee benefits | $147,943 |
| Payroll taxes | $45,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,387 |
| Fees for services: Accounting | $20,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,100 |
| Advertising and promotion | $3,167 |
| Office expenses | $6,214 |
| Information technology | $30,307 |
| Royalties | $0 |
| Occupancy | $43,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,786 |
| Interest | $14,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,263 |
| All other expenses | $2,534 |
| Total functional expenses | $1,099,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,910,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,664 |
| Accounts receivable, net | $26,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,161,618 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $281,246 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,395,683 |
| Accounts payable and accrued expenses | $76,227 |
| Grants payable | $0 |
| Deferred revenue | $5,088,615 |
| 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 | $1,338,205 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,266 |
| Total liabilities | $6,521,313 |
| Net assets without donor restrictions | $1,874,370 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,395,683 |
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 |