SONOMA COUNTY ECONOMIC DEVELOPMENT BOARD FOUNDATION

Address
141 STONY CIRCLE
SANTA ROSA, CA 95401
Contact
Phone: +1 (707) 565-7170
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 94-3397043

Mission

TO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMS
 20172016201520142013
Basic features of the organization
Year of formation2001
Subsection code03
PF filing required0    
Metropolitan statistical area7362
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of highly compensated contractors0000 
Personnel
Alcazar, J
TitleDirectorDirector   
Name of key/compensated personJ ALCAZARJ ALCAZAR   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Bagby, M
Title  MEMBERMEMBERMEMBER
Name of key/compensated person  M BAGBYM BAGBYM BAGBY
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Carvolth, R
TitleMEMBERMEMBER   
Name of key/compensated personR CARVOLTHR CARVOLTH   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Chanter, P
TitleChairChairChairChairChair
Name of key/compensated personP CHANTERP CHANTERP CHANTERP CHANTERP CHANTER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Fitzgerald, L
Title  MEMBERMEMBERMEMBER
Name of key/compensated person  L FITZGERALDL FITZGERALDL FITZGERALD
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Garrett, T
TitleMEMBERMEMBER   
Name of key/compensated personT GARRETTT GARRETT   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Hecht, K
TitleDirector    
Name of key/compensated personK HECHT    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Jasper, T
TitleMEMBERMEMBER   
Name of key/compensated personT JASPERT JASPER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Kachiu, L
TitleTreasurerTreasurerTreasurerTreasurerTreasurer
Name of key/compensated personL KACHIUL KACHIUL KACHIUL KACHIUL KACHIU
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Leach, W
TitleMEMBERMEMBER   
Name of key/compensated personW LEACHW LEACH   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Nicholls, M
TitleMEMBERMEMBERMEMBERMEMBERMEMBER
Name of key/compensated personM NICHOLLSM NICHOLLSM NICHOLLSM NICHOLLSM NICHOLLS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
O'Brien, P
Title    MEMBER
Name of key/compensated person    P O'BRIEN
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Orlando, J
Title  VICE-CHAIRVICE-CHAIRVICE-CHAIR
Name of key/compensated person  J ORLANDOJ ORLANDOJ ORLANDO
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Stone, B
TitleExec. DIR/SECREExec. DIR/SECREExec. DIR/SECREExec. DIR/SECREExecutive Direc
Name of key/compensated personB STONEB STONEB STONEB STONEB STONE
Position of compensated person
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $110,074.00$93,466.00$88,960.00$93,160.00$97,065.00
Average hours per week working for related orgs0.000.000.000.000.00
Suarez, M
Title  MEMBERMEMBERMEMBER
Name of key/compensated person  M SUAREZM SUAREZM SUAREZ
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Tomasini, M
TitleMEMBERMEMBERMEMBERMEMBERMEMBER
Name of key/compensated personM TOMASINIM TOMASINIM TOMASINIM TOMASINIM TOMASINI
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Webley, J
Title  MEMBERMEMBERMEMBER
Name of key/compensated person  J WEBLEYJ WEBLEYJ WEBLEY
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMSTO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMSTO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMSTO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMSTO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMS
Program service expenses, total$299,777.00$237,379.00$345,101.00$167,784.00$185,569.00
Programs, including revenue & expenses
Creative Sonoma, a new program of the Economic Development Board, received grants from the California Arts Council, the Community Foundation Sonoma County and the Hewlett Foundation. During the fiscal year the grants funded 23 professional trainings and workshops, with nearly 400 participants. The broad focus of the trainings was expanding business capacity of creative individuals, enterprises and organizations. Specific topics ranged from developing business plans and financial management to marketing and developing audience and customer base. Seventy-five percent of the events were free as a result of the grant funding. Creative Sonoma received an average rating of 4.5 out of 5 for these workshops. A highlight of these sessions was the Next Level Program for musicians and bands. It included 2 nights of music showcases of local musicians, a day-long music industry conference, and financial grants of $2,500 each to 5 local musicians to move their careers forward to be awarded in the next fiscal year. The funds will be supplemented with 10 hours of one-on-one consulting to give the musicians a strong chance to capitalize on the opportunity.
Program expenses $32,945.00   
Program revenue $109,177.00   
Program description Creative Sonoma, a new program of the Economic Development Board, received grants from the California Arts Council, the Community Foundation Sonoma County and the Hewlett Foundation. During the fiscal year the grants funded 23 professional trainings and workshops, with nearly 400 participants. The broad focus of the trainings was expanding business capacity of creative individuals, enterprises and organizations. Specific topics ranged from developing business plans and financial management to marketing and developing audience and customer base. Seventy-five percent of the events were free as a result of the grant funding. Creative Sonoma received an average rating of 4.5 out of 5 for these workshops. A highlight of these sessions was the Next Level Program for musicians and bands. It included 2 nights of music showcases of local musicians, a day-long music industry conference, and financial grants of $2,500 each to 5 local musicians to move their careers forward to be awarded in the next fiscal year. The funds will be supplemented with 10 hours of one-on-one consulting to give the musicians a strong chance to capitalize on the opportunity.   
Creative Sonoma, a program of the Economic Dev't Board (EDB), produced a full slate of professional trainings and workshops (13), town hall meetings across the county (17) a day-and-a-half music industry conference, grants, and a special arts education initiative. These activities were fully or partially funded through grants received by the EDB Foundation. Focus was on the business aspects of art including workshops on fundraising, forming creative business contracts, social media and more. Five $2,500 grants were awarded to Sonoma musicians and bands; and five emerging visual artists were awarded $2,000 stipends and a professional curated exhibition of their work. Finally, Creative Sonoma spearheaded an assessment of the state of arts education in K-12 schools in Sonoma County, follow up work will be in FYE 2017-18.
Program expenses$101,579.00    
Program revenue$290.00    
Program descriptionCreative Sonoma, a program of the Economic Dev't Board (EDB), produced a full slate of professional trainings and workshops (13), town hall meetings across the county (17) a day-and-a-half music industry conference, grants, and a special arts education initiative. These activities were fully or partially funded through grants received by the EDB Foundation. Focus was on the business aspects of art including workshops on fundraising, forming creative business contracts, social media and more. Five $2,500 grants were awarded to Sonoma musicians and bands; and five emerging visual artists were awarded $2,000 stipends and a professional curated exhibition of their work. Finally, Creative Sonoma spearheaded an assessment of the state of arts education in K-12 schools in Sonoma County, follow up work will be in FYE 2017-18.    
INNOVATION COUNCIL - Economic Development Board Foundation received a grant for the purposes of supporting several projects promoting innovation, identifying key economic clusters, and developing action plans to assist local businesses to start-up, retain, and expand their businesses in Sonoma County. The expected outcomes were to develop Permit Process Improvement actions through a multi-agency public/private partnership; to coordinate the efforts of over 40 educational institutions, along with workforce development providers and business groups to create the regions first employer-driven workforce strategy; and, through a new Marketing Alliance, connect over 30 groups that currently market Sonoma Countys assets to provide enhanced opportunities to market local goods and services.
Program expenses   $49,545.00 
Program revenue   $55,000.00 
Program description   INNOVATION COUNCIL - Economic Development Board Foundation received a grant for the purposes of supporting several projects promoting innovation, identifying key economic clusters, and developing action plans to assist local businesses to start-up, retain, and expand their businesses in Sonoma County. The expected outcomes were to develop Permit Process Improvement actions through a multi-agency public/private partnership; to coordinate the efforts of over 40 educational institutions, along with workforce development providers and business groups to create the regions first employer-driven workforce strategy; and, through a new Marketing Alliance, connect over 30 groups that currently market Sonoma Countys assets to provide enhanced opportunities to market local goods and services. 
INNOVATION COUNCIL - Funded by a grant from the Morgan Foundation, with a goal of transitioning from the NExT Economy Project to NExT 2.0 by establishing the NExT Economy Taskforce to oversee and implement key recommendations of the NExT Economy Project Report. Additionally, the structural organization of NExT will influence the development of Industry Projects to assist and advance three evolving clusters in Sonoma County agriculture, outdoor recreation and craft beverage.
Program expenses  $67,215.00  
Program revenue  $59,000.00  
Program description  INNOVATION COUNCIL - Funded by a grant from the Morgan Foundation, with a goal of transitioning from the NExT Economy Project to NExT 2.0 by establishing the NExT Economy Taskforce to oversee and implement key recommendations of the NExT Economy Project Report. Additionally, the structural organization of NExT will influence the development of Industry Projects to assist and advance three evolving clusters in Sonoma County agriculture, outdoor recreation and craft beverage.  
INNOVATION COUNCIL - In 2012, the Innovation Council, together with the Economic Development Board Foundation, contracted with Leap Solutions to facilitate task force meetings on three core areas: permitting, workforce strategy, and branding. From these meetings and working with other local agencies, a new Sonoma County Logo was launched to create a consistent marketing strategy across all sectors, an agreement to develop a common workforce strategy between several educational institutions, businesses, non-profits, and local government was signed in October 2012, and the permitting process across Sonoma County and its nine cities is being looked at for possible adoption of new technology and process improvement measures.
Program expenses    $52,703.00
Program revenue    $100,000.00
Program description    INNOVATION COUNCIL - In 2012, the Innovation Council, together with the Economic Development Board Foundation, contracted with Leap Solutions to facilitate task force meetings on three core areas: permitting, workforce strategy, and branding. From these meetings and working with other local agencies, a new Sonoma County Logo was launched to create a consistent marketing strategy across all sectors, an agreement to develop a common workforce strategy between several educational institutions, businesses, non-profits, and local government was signed in October 2012, and the permitting process across Sonoma County and its nine cities is being looked at for possible adoption of new technology and process improvement measures.
Innovative Council: Planned as a one-year celebration of entrepreneurship in Sonoma County, Year of the Entrepreneur (YOTE) activities ended during the first half of Fiscal Year 2016-17. The effort, which garnered the support of over 20 local organizations that work in business development and entrepreneurship, included an Entrepreneurial Storytelling event featuring Neal Gottlieb of Three Twins, Youth Maker Camps (with the Sonoma County Office of Education and the Boys & Girls Club), a youth Shark Tank, a radio show that highlighted interviews with local entrepreneurs and supported the activities of several local organizations that work with entrepreneurs, and more.
Program expenses$53,235.00    
Program descriptionInnovative Council: Planned as a one-year celebration of entrepreneurship in Sonoma County, Year of the Entrepreneur (YOTE) activities ended during the first half of Fiscal Year 2016-17. The effort, which garnered the support of over 20 local organizations that work in business development and entrepreneurship, included an Entrepreneurial Storytelling event featuring Neal Gottlieb of Three Twins, Youth Maker Camps (with the Sonoma County Office of Education and the Boys & Girls Club), a youth Shark Tank, a radio show that highlighted interviews with local entrepreneurs and supported the activities of several local organizations that work with entrepreneurs, and more.    
Innovative Council: The Year of the Entrepreneur (YOTE) project was funded by a grant from the Morgan Foundation, with activities beginning during the second half of Fiscal Year 2015-16. The effort garnered the support of over 20 local organizations that work in business development and entrepreneurship. A YOTE partners meeting took place in April 2016, which allowed YOTE partners to learn more about the project as well as weigh in on the potential direction of efforts. The first major YOTE event took place in June of 2016. This event the first installment of the YOTE Speaker Series featured Lyn Graft of Storytelling for Entrepreneurs and Neal Gottlieb, founding partner at Three Twins Ice Cream.
Program expenses $60,788.00   
Program revenue $72,060.00   
Program description Innovative Council: The Year of the Entrepreneur (YOTE) project was funded by a grant from the Morgan Foundation, with activities beginning during the second half of Fiscal Year 2015-16. The effort garnered the support of over 20 local organizations that work in business development and entrepreneurship. A YOTE partners meeting took place in April 2016, which allowed YOTE partners to learn more about the project as well as weigh in on the potential direction of efforts. The first major YOTE event took place in June of 2016. This event the first installment of the YOTE Speaker Series featured Lyn Graft of Storytelling for Entrepreneurs and Neal Gottlieb, founding partner at Three Twins Ice Cream.   
Metropolitan Transportation Commission Grant: The project (Self-Employment and the Road to Economic Security) was funded by the Metropolitan Transportation Commission through the Economic Opportunity Initiative of the U.S. Department of Housing and Urban Development Regional Prosperity Plan project. The project had as objectives to increase entrepreneurship outreach of target groups, development of an entrepreneurship pipeline, data-driven business retention and expansion efforts, and identifying opportunity for promising entrepreneurs
Program expenses  $65,661.00  
Program revenue  $75,000.00  
Program description  Metropolitan Transportation Commission Grant: The project (Self-Employment and the Road to Economic Security) was funded by the Metropolitan Transportation Commission through the Economic Opportunity Initiative of the U.S. Department of Housing and Urban Development Regional Prosperity Plan project. The project had as objectives to increase entrepreneurship outreach of target groups, development of an entrepreneurship pipeline, data-driven business retention and expansion efforts, and identifying opportunity for promising entrepreneurs  
Research InitiativesSupports the Foundations mission by helping fund research, economic reports, and business tools to assist local businesses and grow the local economy.
Program expenses $32,684.00  $26,089.00
Program revenue $62,000.00  $13,000.00
Program description Research InitiativesSupports the Foundations mission by helping fund research, economic reports, and business tools to assist local businesses and grow the local economy.  Research InitiativesSupports the Foundations mission by helping fund research, economic reports, and business tools to assist local businesses and grow the local economy.
Research InitiativesThe Foundation provided funding for the development of a website Launch|Sonoma that can help guide entrepreneurs with local businesses/resources, and assist them with the three core stages of a business: Concept, Startup and Growth. These three stages each have various needs and challenges that an entrepreneur could be facing with their business; e.g. Financing, Business Planning, Legal Assistance, etc.
Program expenses$38,751.00    
Program descriptionResearch InitiativesThe Foundation provided funding for the development of a website Launch|Sonoma that can help guide entrepreneurs with local businesses/resources, and assist them with the three core stages of a business: Concept, Startup and Growth. These three stages each have various needs and challenges that an entrepreneur could be facing with their business; e.g. Financing, Business Planning, Legal Assistance, etc.    
Sonoma County Beer, Cider & Spirits - The Economic Development Board Foundation held the second Sonoma County Beer, Cider & Spirits Conference on February 27, 2015 Santa Rosa. The conference was attended by over 400 people. Supporting the event were 31 sponsors and 19 companies pouring their beverages. Keynoting the event were Anchor Brewings Fritz Maytag and Keith Greggor. Many other notable speakers participated as panelists during four breakout sessions focusing on regulations, retail/distribution, finance, and wastewater. Leading up to the conference, the Foundation coordinated the production of the first-ever printed map highlighting Sonoma County beer, cider and spirits producers. The map debuted at the conference and was well received by producers, suppliers and service providers. Since the conference, the map has been distributed to Sonoma County visitor centers, major hotels, and all the craft beverage producers. Additionally, a video of Sonoma County beer, cider and spirits producers was developed by the Foundation. The 4-minute video debuted at the conference, and a 30-second promotional video was released on Facebook a week before the conference.
Program expenses  $54,490.00  
Program revenue  $64,510.00  
Program description  Sonoma County Beer, Cider & Spirits - The Economic Development Board Foundation held the second Sonoma County Beer, Cider & Spirits Conference on February 27, 2015 Santa Rosa. The conference was attended by over 400 people. Supporting the event were 31 sponsors and 19 companies pouring their beverages. Keynoting the event were Anchor Brewings Fritz Maytag and Keith Greggor. Many other notable speakers participated as panelists during four breakout sessions focusing on regulations, retail/distribution, finance, and wastewater. Leading up to the conference, the Foundation coordinated the production of the first-ever printed map highlighting Sonoma County beer, cider and spirits producers. The map debuted at the conference and was well received by producers, suppliers and service providers. Since the conference, the map has been distributed to Sonoma County visitor centers, major hotels, and all the craft beverage producers. Additionally, a video of Sonoma County beer, cider and spirits producers was developed by the Foundation. The 4-minute video debuted at the conference, and a 30-second promotional video was released on Facebook a week before the conference.  
The Organization hosted the State of the County - this is an annual event sponsored by the Economic Development Board (EDB) to present the current and future challenges facing the county in terms of growth and development, including issues such as affordable housing, transportation, water and waste management, as well as fiscal concerns. It is an opportunity for the County of Sonoma to showcase its achievements throughout the past year and let the community know what to expect in the following year. Attendance included over 439 at this 11th annual breakfast. The number of county departments, county related agencies and educational institution exhibits totaled ten. A live Internet web cast was available via the EDB website.
Program expenses   $27,004.00 
Program revenue   $31,560.00 
Program description   The Organization hosted the State of the County - this is an annual event sponsored by the Economic Development Board (EDB) to present the current and future challenges facing the county in terms of growth and development, including issues such as affordable housing, transportation, water and waste management, as well as fiscal concerns. It is an opportunity for the County of Sonoma to showcase its achievements throughout the past year and let the community know what to expect in the following year. Attendance included over 439 at this 11th annual breakfast. The number of county departments, county related agencies and educational institution exhibits totaled ten. A live Internet web cast was available via the EDB website. 
The State of the State is an annual event of the Foundation's Research Initiative Program developed for local businesses, governments, and organizations for detailed regional analysis of economic trends. As part of the Research Initiatives Program benefits, sponsors are invited to a dinner held with the featured speaker, Dr. Christopher Thornberg, the night preceding his presentation. Dr. Thornberg presented an informative talk about California and the real estate market. The total number of attendees at the event was 423. The event was held at the Double Tree Hotel in Rohnert Park, California.
Program expenses   $23,009.00$30,876.00
Program revenue   $33,110.00$33,230.00
Program description   The State of the State is an annual event of the Foundation's Research Initiative Program developed for local businesses, governments, and organizations for detailed regional analysis of economic trends. As part of the Research Initiatives Program benefits, sponsors are invited to a dinner held with the featured speaker, Dr. Christopher Thornberg, the night preceding his presentation. Dr. Thornberg presented an informative talk about California and the real estate market. The total number of attendees at the event was 423. The event was held at the Double Tree Hotel in Rohnert Park, California.The State of the State is an annual event developed for local businesses, governments, and organizations for detailed regional analysis of economic trends. As part of the Research Initiatives Program benefits, sponsors are invited to a dinner held with the featured speaker, Dr. Christopher Thornberg, the night preceding his presentation. Dr. Thornberg presented an informative talk about California and the real estate market. The total number of attendees at the event was 456 people compared to 413 last year. The event was held at the Hyatt Vineyard Creek Hotel in Santa Rosa, CA.
Financial data
Revenue
Total revenue$382,124.00$338,269.00$290,113.00$269,659.00$223,457.00
Revenue from contributions (total)$276,572.00$228,402.00$172,860.00$160,151.00$121,500.00
Investment income, current yr$592.00$378.00$374.00$368.00$542.00
Total revenue from grants, etc., current yr$276,572.00$228,402.00$172,860.00$160,151.00$121,500.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$169.00$0.00$0.00
Program service revenue (total)$104,960.00$109,489.00$116,710.00$109,140.00$101,415.00
Gross receipts$382,124.00$338,269.00$290,113.00$269,659.00$223,457.00
Sources of contributions
Revenue from all other contributions$276,572.00$228,402.00$172,860.00$160,151.00$121,500.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$169.00$0.00$0.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$592.00$378.00$374.00$368.00$542.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$309,729.00$270,414.00$359,323.00$200,775.00$189,430.00
Total functional expenses: program service $299,777.00$237,379.00$345,101.00$167,784.00$185,569.00
Total functional expenses: management and general$9,952.00$33,035.00$14,222.00$32,991.00$3,861.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$2,903.00$0.00$20.00$0.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$607,066.00$526,430.00$442,129.00$520,267.00$451,873.00
Total assets, beginning of year$526,430.00$442,129.00$520,267.00$451,873.00$414,452.00
Total liabilities$34,300.00$26,059.00$9,613.00$18,541.00$19,029.00
Total liabilities, beginning of year$26,059.00$9,613.00$18,541.00$19,029.00$15,635.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of yr$409,528.00$418,550.00$335,300.00$356,266.00$412,561.00
Temporarily restricted net assets$163,238.00$81,821.00$97,216.00$145,460.00$20,283.00
Net assets$572,766.00$500,371.00$432,516.00$501,726.00$432,844.00
Net assets, beginning of year$500,371.00$432,516.00$501,726.00$432,844.00$398,817.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$0.00$0.00$0.00$0.00$0.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00$0.00
Cash: non-interest bearing$3,630.00$22,063.00$15,765.00$0.00$13,013.00
Cash: non-interest bearing, beginning of year$22,063.00$15,765.00 $13,013.00$4,426.00
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses$72,395.00$67,855.00-$69,210.00$68,884.00$34,027.00
Advertising (total)$12,613.00$10,107.00$25,966.00$187.00$3,273.00
Savings & temp cash investment$586,628.00$495,443.00$410,935.00$436,218.00$427,914.00
Accounts receivable, net$9,500.00$0.00$6,505.00$75,125.00$4,176.00
Prepaid expenses & deferred charges$7,308.00$8,924.00$8,924.00$8,924.00$6,770.00
Accounts payable & accrued expenses $26,059.00$9,613.00$18,541.00$19,029.00
Deferred revenue$34,300.00    
Total net assets or fund balances$572,766.00$500,371.00$432,516.00$501,726.00$432,844.00
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members1099910
Number of independent voting members1099910
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change   True 
Date e-filing submitted2018-04-172017-03-022016-02-262014-12-292013-12-23
IRS schema version2016v3.02015v2.02014v5.02013v3.12012v2.0
Filing identifier201810759349301221201643159349302784201543569349301204201443219349305054201323179349303622
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