Santa Cruz Works
- Assets
- $230.1k
- Revenue
- $128.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Santa Cruz, CA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-5155901
Organization Overview
Santa Cruz Works is located in Santa Cruz, CA. The organization was established in 2015. 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 12/2022, Santa Cruz Works employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Cruz Works 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 12/2022, Santa Cruz Works generated $128.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $260.3k during the year ending 12/2022. While expenses have increased by 9.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILIATE AND PROMOTE ECONOMIC VITALITY AND EMPLOYMENT WITHIN THE TECHNOLOGY INDUSTRY IN SANTA CRUZ COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATION AND PROMOTION OF ECONOMIC VITALITY AND EMPLOYMENT IN SANTA CRUZ COUNTY. WORK TOWARDS CREATING A STRONGER ECONOMY AND A STRONGER COMMUNITY BY FACILITATING AMONG COMPANIES, EDUCATIONAL INSTITUTIONS, INVESTORS, AND THE COMMUNITY AT LARGE.
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 |
|---|---|---|---|
Doug Erickson Executive Dir. | Officer | 40 | $84,000 |
Margaret Rosas President | OfficerTrustee | 5 | $0 |
Helder Carvalheira Treasurer | OfficerTrustee | 5 | $0 |
Jacob Martinez Secretary | OfficerTrustee | 5 | $0 |
Bonnie Lipscomb Director | Trustee | 3 | $0 |
Drew Meyer Director | Trustee | 3 | $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 | $99,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,270 |
| Total Program Service Revenue | $129,082 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$100,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,352 |
| 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. | $84,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,127 |
| 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 | $24,905 |
| Advertising and promotion | $4,611 |
| Office expenses | $2,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,774 |
| 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 | $0 |
| Insurance | $621 |
| All other expenses | $0 |
| Total functional expenses | $260,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,916 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $40,000 |
| Intangible assets | $0 |
| Other assets | $302 |
| Total assets | $230,103 |
| Accounts payable and accrued expenses | $9,666 |
| 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 | $0 |
| Total liabilities | $9,666 |
| Net assets without donor restrictions | $220,437 |
| 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 | $230,103 |
Grants Awarded
Over the last fiscal year, Santa Cruz Works has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EVALINE INC PURPOSE: START-UP FUNDING | $15,000 |
SANTA CRUZ WAVEWORKS PURPOSE: START-UP FUNDING | $10,000 |