Tulare County Economic Development Corporation
- Assets
- $535.9k
- Revenue
- $375.6k
- Investments
- $339.5k
- Employees
- 4
- Location
- Visalia, CA
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 94-2897447
Organization Overview
Tulare County Economic Development Corporation is located in Visalia, 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, Tulare County Economic Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulare County Economic Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Tulare County Economic Development Corporation generated $375.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $449.6k during the year ending 06/2022. 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
ATTRACTING, SUPPORTING AND RETAINING BUSINESS AND INDUSTRY FOR THE COMMUNITIES OF TULARE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTRACTING VARIOUS COMPANIES TO RELOCATE TO THE TULARE COUNTY AREA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donnette Silva-Carter Treasurer | OfficerTrustee | 1 | $0 |
Scott Harness Chair | OfficerTrustee | 1 | $0 |
Amy Shuklian Secretary | OfficerTrustee | 1 | $0 |
Brian Poochigian Vice Chair | OfficerTrustee | 1 | $0 |
Jey Lacey Director | Trustee | 0 | $0 |
George Vasquez Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,550 |
| Total Program Service Revenue | $6,000 |
| Investment income | $19,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,953 |
| Net Income from Fundraising Events | $27,774 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,550 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,613 |
| Pension plan accruals and contributions | $5,362 |
| Other employee benefits | $12,616 |
| Payroll taxes | $19,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,336 |
| Advertising and promotion | $0 |
| Office expenses | $2,861 |
| Information technology | $14,642 |
| Royalties | $0 |
| Occupancy | $16,213 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,707 |
| Insurance | $3,361 |
| All other expenses | $1,462 |
| Total functional expenses | $449,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,862 |
| Savings and temporary cash investments | $51,574 |
| Pledges and grants receivable | $64,168 |
| Accounts receivable, net | $325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,363 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,352 |
| Net Land, buildings, and equipment | $6,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $339,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $535,860 |
| Accounts payable and accrued expenses | $10,470 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,473 |
| Total liabilities | $171,943 |
| Net assets without donor restrictions | $363,917 |
| 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 | $535,860 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Partners Los Angeles, CA | $58,586,885 | $87,387,507 |
Mid-Willamette Valley Community Action Agency Inc Salem, OR | $25,806,708 | $62,767,748 |
Community Action Partnership Of Orange County Garden Grove, CA | $21,104,337 | $38,929,192 |
Spanish-Speaking Unity Council Of Alameda County Inc Oakland, CA | $60,376,755 | $36,217,909 |
Pacific Asian Consortium In Employment Los Angeles, CA | $13,935,624 | $30,857,237 |
Rural Community Assistance West Sacramento, CA | $196,708,835 | $32,872,425 |
Burning Man Project San Francisco, CA | $30,700,234 | $27,748,874 |
Bay Area Community Benefit Organization Oakland, CA | $912,473 | $25,722,786 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
East Bay Asian Local Development Corporation Oakland, CA | $146,938,594 | $23,961,947 |
Partners In Development Foundation Honolulu, HI | $6,037,007 | $19,233,237 |
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |