Borrego Community Development Corporation
- Assets
- $2.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Borrego Springs, CA
- Founding
- Data as of
- 03/2024
- EIN
- 92-3643505
Organization Overview
Borrego Community Development Corporation is located in Borrego Springs, CA. 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 03/2024, Borrego Community Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borrego Community 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AS A SUPPORTING ORGANIZATION OF THE BORREGO VALLEY ENDOWMENT FUND, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garmon J David President | OfficerTrustee | 10 | $0 |
Meeks Sylvana Secretary | OfficerTrustee | 2 | $0 |
Tim Cohelan Vice President | OfficerTrustee | 2 | $0 |
Jim Dax Treasurer | OfficerTrustee | 2 | $0 |
Tammy Baker Director | Trustee | 2 | $0 |
Rob Oswalt Treasurer | OfficerTrustee | 2 | $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 | $2,480,000 |
| Noncash contributions included in lines 1a–1f | $2,450,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,480,000 |
| Total Program Service Revenue | $0 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $130,671 |
| 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 | $2,632,604 |
| 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. | $16,918 |
| Compensation of current officers, directors, key employees. | $16,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $933 |
| Other employee benefits | $0 |
| Payroll taxes | $1,923 |
| Fees for services: Management | $12,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,472 |
| Advertising and promotion | $1,833 |
| Office expenses | $2,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,594 |
| Insurance | $10,303 |
| All other expenses | $0 |
| Total functional expenses | $118,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,087 |
| 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 | $5,338 |
| Net Land, buildings, and equipment | $2,406,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,556,256 |
| Accounts payable and accrued expenses | $12,548 |
| 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 | $29,903 |
| Total liabilities | $42,451 |
| Net assets without donor restrictions | $2,513,805 |
| 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 | $2,556,256 |