Gilroy Economic Development Corporation

Organization Overview

Gilroy Economic Development Corporation is located in Gilroy, CA. The organization was established in 1996. 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, Gilroy Economic Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilroy Economic Development Corporation 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, Gilroy Economic Development Corporation generated $125.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (66.4%) each year. All expenses for the organization totaled $68.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF GILROY, AND ASSIST LOCAL BUSINESSES AND GOVERNMENT AGENCIES IN THE AREA OF ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3

MARKETING AND RECRUITMENT EFFORTS FOCUSED ON ATTRACTING BUSINESS THAT WOULD INCREASE SALES AND PROPERTY TAX REVENUES TO OFFSET THE LOSS OF FEDERAL AND STATE REVENUES.


CONDUCTING LOCAL BUSINESS RETENTION INTERVIEWS TO DETERMINE WHAT SERVICES OR RESOURCES ARE NEEDED BY OUR EXISTING BUSINESSES TO IMPROVE THEIR PROFITABILITY AND HELP EXPAND THEIR BUSINESS AND CREATE NEW JOBS.


FOCUS ON RECRUITING AND RETENTION OF BUSINESSES IN THE DOWNTOWN AREA OF GILROY.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Membership dues$0
Investment income $125
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$125

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