Sonoma County Economic Development Board Foundation

Organization Overview

Sonoma County Economic Development Board Foundation is located in Santa Rosa, CA. The organization was established in 2002. 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. Sonoma County Economic Development Board Foundation 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, Sonoma County Economic Development Board Foundation generated $156.4k 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 (10.4%) each year. All expenses for the organization totaled $180.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Sonoma County Economic Development Board Foundation has awarded 13 individual grants totaling $389,000. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREATIVE SONOMA - THE CREATIVE SONOMA PROGRAM WORKED WITH SEVERAL ENTITIES TO DRAFT A NEW CREATIVE SONOMA BUSINESS PLAN, BASED ON FEEDBACK FROM THE CREATIVE COMMUNITY, AND BEGAN IMPLEMENTING KEY RECOMMENDATIONS INCLUDING WORK IN ARTS EDUCATION. IN ADDITION, THE PROGRAM CREATED TWO NEW REPORTS - A COVID-19 IMPACT REPORT AND A PUBLIC ART PROGRAM COMPARISON AND ANALYSIS. THESE ACTIVITIES WERE FULLY OR PARTIALLY COVERED THROUGH GRANTS RECEIVED BY THE FOUNDATION, WHICH FUNDED PROGRAM EXPENSES AND STAFF COSTS.


TIPPING POINT NORTH BAY FIRE RELIEFTHE EMERGENCY RELIEF FUND GRANT FROM TIPPING POINT COMMUNITY IS BEING PROVIDED TO THE SANTA ROSA JUNIOR COLLEGE TO PARTIALLY FUND A CONSTRUCTION TRAINING CENTER. THE PRIMARY PURPOSE OF THE CENTER IS TO INCREASE WORKFORCE FOR REBUILDING AFTER THE 2017 FIRES, INCLUDING LOW-INCOME RESIDENTS IMPACTED BY THE WILDFIRES. EXPENSES REPRESENT A PORTION OF THE INITIAL START-UP COSTS FOR THE PROJECT.


RESEARCH INITIATIVES - THIS PROGRAMS FUNDED BUSINESS DEVELOPMENT TOOLS TO HELP LOCAL BUSINESSES RECOGNIZE CURRENT INDUSTRY TRENDS, FIND NEW TARGET MARKETS AND CUSTOMER BASES, AND RESEARCH SITE SELECTION DATA. SPONSOR-SUPPORTED FUNDING ALLOWS THESE REPORTS TO BE OFFERED FREE OF CHARGE TO LOCAL BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
S Person-Whitley - Resigned
Ed/secretary
$0
K Hecht
Chair
$0
W Leach
Vice Chair
$0
J Alcazar
Treasurer
$0
E Brown
Ed/secretary
$0
J Kivelstadt
Member
$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$129,790
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$129,790
Total Program Service Revenue$24,757
Investment income $1,829
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 $156,376

Grants Awarded

Over the last fiscal year, Sonoma County Economic Development Board Foundation has awarded $269,000 in support to 3 organizations.

Grant RecipientAmount

COMMUNITY FDN OF SONOMA CO

PURPOSE: support creative agencies

$39,000

ECONOMIC DEV & FINANCING CO

PURPOSE: loans to small business owners

$200,000

COUNTY OF SONOMA -

PURPOSE: support creative agencies

$30,000
View Grant Profile

Peer Organizations

Organization NameAssets
San Diego Convention And Tourist Bureau
San Diego, CA
$44,077,775
Mission Economic Development Agency
San Francisco, CA
$26,474,112
San Francisco Travel Association
San Francisco, CA
$29,866,275
Northern California Indian Development Council Inc
Eureka, CA
$28,280,492
Cdc Small Business Finance Corp
San Diego, CA
$27,607,207
Mid-Market Foundation
San Francisco, CA
$22,490,205
Partnership For Economic Innovation
Tempe, AZ
$17,911,182
Greater Phoenix Convention & Visitors Bureau
Phoenix, AZ
$16,123,618
Citadel Economic Development Corporation
San Bernardino, CA
$16,438,545
Monterra Community Fund
Redwood City, CA
$12,185,125
Linn Economic Development Group
Albany, OR
$1,978,650
Cplc Nevada Inc
Phoenix, AZ
$10,475,920
Long Beach Area Convention And Visitors Bureau Inc
Long Beach, CA
$11,540,721
San Luis Obispo Visitors & Conference Bureau Incorporated
San Luis Obispo, CA
$9,472,253
Providence Foundation Of San Francisco
San Francisco, CA
$11,249,933
Visit Napa Valley Inc
Napa, CA
$9,780,442
Greater Phoenix Economic Council
Phoenix, AZ
$8,638,924
La Cocina Inc
San Francisco, CA
$9,498,623
Nhs Neighborhood Lending Services
Los Angeles, CA
$6,959,224
Carlsbad Convention And Vistors Bureau
Carlsbad, CA
$14,887,369
Santa Monica Travel & Tourism
Santa Monica, CA
$8,370,537
Bend Visitor & Convention Bureau
Bend, OR
$5,163,292
Visit Huntington Beach
Huntington Beach, CA
$6,124,993
Greater Sacramento Area Economic Council
Sacramento, CA
$2,910,340
Arcata Economic Development Corp
Eureka, CA
$5,324,974

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