San Diego North Economic Development Council
- Assets
- $384.0k
- Revenue
- $605.0k
- Investments
- $0.0
- Employees
- 4
- Location
- San Marcos, CA
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 33-0706621
Organization Overview
San Diego North Economic Development Council is located in San Marcos, 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. As of 12/2023, San Diego North Economic Development Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Diego North Economic Development Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, San Diego North Economic Development Council generated $605.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $569.4k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW AND SUSTAIN THE ECONOMY OF SAN DIEGO NORTH COUNTY THROUGH ATTRACTION AND RETENTION OF BUSINESS GROUPS, AS WELL AS NEW BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023 SAN DIEGO NORTH ECONOMIC DEVELOPMENT COUNCIL (SDNEDC) DIRECTLY OUTREACHED AND WORKED WITH 62 EXISTING COMPANIES AND FIELDED REQUESTS FROM 31 COMPANIES FROM OUTSIDE THE REGION. THE COUNCIL HELD 6 SEPARATE BUSINESS EDUCATION AND NETWORKING EVENTS ATTENDED BY MORE THAN 1,100 NORTH COUNTY LEADERS. THE ORGANIZATION ALSO CARRIED OUT SEVERAL EARNED AND SOCIAL MEDIA MARKETING CAMPAIGNS, RESULTING IN MORE THAN 180,000 IMPRESSIONS AND TOUCH POINTS WITH AUDIENCES INTERESTED IN SAN DIEGO NORTH COUNTY NEWS. THE COUNCIL ALSO CONTINUED TO SUPPORT SOCAL" - STUDENT OPPORTUNITIES FOR CAREER AWARENESS AND LEARNING. SOCAL IS A COLLABORATIVE PROGRAM BETWEEN EDUCATION AND INDUSTRY CREATED BY TRI-CITY MEDICAL CENTER, THE SAN DIEGO NORTH ECONOMIC DEVELOPMENT COUNCIL AND CARLSBAD, OCEANSIDE, VISTA, GREATER ESCONDIDO, SAN MARCOS AND ENCINITAS CHAMBERS OF COMMERCE. THE VISION IS TO GIVE MIDDLE SCHOOL, HIGH SCHOOL, POST-SECONDARY STUDENTS AND TRANSITIONING ADULTS AN OPPORTUNITY TO GAIN INSIGHTS INTO CAREER PATHWAYS, WHILE ALLOWING BUSINESSES AND LOCAL ORGANIZATIONS TO PARTICIPATE IN THESE STUDENTS CAREER EXPLORATION.THE COUNCIL ALSO EXPANDED ITS RESEARCH SERVICES, PRODUCING 9 NEW REPORTS ON A VARIETY OF TOPICS AND CARRIED OUT 2 ECONOMIC IMPACT STUDIES FOR LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Erik Bruvold CEO | Officer | 40 | $161,400 |
Mark Kalpakgian Director | Trustee | 1 | $0 |
Andy Tenn Director | Trustee | 1 | $0 |
Amber Ter-Vrugt Director | Trustee | 1 | $0 |
Tory See Director | Trustee | 1 | $0 |
Scott Ashton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,000 |
| Total Program Service Revenue | $425,979 |
| Investment income | $6,974 |
| 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 | $604,953 |
| 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. | $164,628 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,638 |
| Pension plan accruals and contributions | $3,031 |
| Other employee benefits | $9,811 |
| Payroll taxes | $21,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,366 |
| Advertising and promotion | $4,677 |
| Office expenses | $2,814 |
| Information technology | $1,461 |
| Royalties | $0 |
| Occupancy | $31,367 |
| Travel | $1,957 |
| 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 | $439 |
| Insurance | $3,417 |
| All other expenses | $10,832 |
| Total functional expenses | $569,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,444 |
| Savings and temporary cash investments | $113,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,022 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $23,750 |
| 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 | $0 |
| Total liabilities | $23,750 |
| Net assets without donor restrictions | $330,272 |
| Net assets with donor restrictions | $30,000 |
| 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 | $384,022 |