San Antonio Economic Development Foundation
- Assets
- $4.5m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 19
- Location
- San Antonio, TX
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 74-1536482
Organization Overview
San Antonio Economic Development Foundation is located in San Antonio, TX. The organization was established in 1972. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, San Antonio Economic Development Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Antonio Economic Development Foundation 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 12/2021, San Antonio Economic Development Foundation generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SAN ANTONIO ECONOMIC DEVELOPMENT FOUNDATION (SAEDF) IS TO LEAD THE DEVELOPMENT AND DIVERSIFICATION OF SAN ANTONIO REGIONAL ECONOMY THROUGH THE RECRUITMENT AND EXPANSION OF QUALITY EMPLOYERS AND JOB PRODUCING INVESTMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAN ANTONIO ECONOMIC DEVELOPMENT FOUNDATION (SAEDF) IS A PRIVATE, NONPROFIT ORGANIZATION THAT ASSISTS BUSINESS AND INDUSTRY IN LOCATING AND EXPANDING INTO THE SAN ANTONIO REGION.SAEDF IS SUPPORTED BY ITS PARTNERS (CITY OF SAN ANTONIO, BEXAR COUNTY, CPS ENERGY, SAWS) AND MORE THAN 200 VOTING AND NON-VOTING PRIVATE SECTOR INVESTORS. SINCE 2017, SAEDF HAS ASSISTED 130+ COMPANIES TO EXPAND IN THE SAN ANTONIO REGION RESULTING IN NEARLY 27,000 NEW JOBS AND TOTAL CAPITAL INVESTMENT OF APPROXIMATELY $6 BILLION.AT SAEDF, WE PROVIDE BUSINESSES WITH INFORMATION TO ASSIST IN THE ANALYSIS OF ESTABLISHING OR RELOCATING A FACILITY IN SAN ANTONIO. PROFESSIONAL ASSISTANCE WITH RELOCATION ANALYSIS IS HANDLING WITH CONFIDENTIALITY AND AT NO COST TO OUR CLIENTS.SAEDF SERVICES INCLUDE:-ANALYZE LABOR MARKET-ARRANGE COMMUNITY BRIEFING AND CUSTOM CITY TOURS-INTRODUCE/MEET WITH COMMUNITY PARTNERS-IDENTIFY AND PACKAGE ALL LOCAL/STATE INCENTIVES APPLICABLE TO A BUSINESS-ORGANIZE ANY SPECIALIZED MARKET RESEARCH-FOLLOW THROUGH WITH DEVELOPMENT PROCESS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Saucedo-Herrera President/ceo | OfficerTrustee | 30 | $334,991 |
Tom Long Chief Development Officer | Officer | 40 | $178,060 |
Carmen Lara Chief Administrative Officer | Officer | 40 | $142,500 |
Erica Hurtak Executive Vice President | 40 | $140,950 | |
Catherine Boggs Executive Vice President | 40 | $131,729 | |
Sarah Sanchez Executive Vice President | 40 | $126,779 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,883,870 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,050,136 |
| Total Program Service Revenue | $1,850,537 |
| Investment income | $706 |
| 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 | $6,901,379 |
| 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. | $695,305 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,001,821 |
| Pension plan accruals and contributions | $62,774 |
| Other employee benefits | $115,383 |
| Payroll taxes | $125,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,564 |
| Fees for services: Accounting | $31,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,211 |
| Advertising and promotion | $880,554 |
| Office expenses | $93,815 |
| Information technology | $609,012 |
| Royalties | $0 |
| Occupancy | $98,829 |
| Travel | $191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,847 |
| Interest | $16,268 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,014 |
| Insurance | $16,452 |
| All other expenses | $0 |
| Total functional expenses | $4,742,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,473,972 |
| Savings and temporary cash investments | $356,726 |
| Pledges and grants receivable | $698,641 |
| Accounts receivable, net | $1,748,485 |
| 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 | $4,927 |
| Net Land, buildings, and equipment | $220,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,503,315 |
| Accounts payable and accrued expenses | $974,424 |
| Grants payable | $0 |
| Deferred revenue | $23,209 |
| 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 | $295,225 |
| Other liabilities | $251,811 |
| Total liabilities | $1,544,669 |
| Net assets without donor restrictions | $2,818,643 |
| Net assets with donor restrictions | $140,003 |
| 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 | $4,503,315 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that San Antonio Economic Development Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
San Antonio Medical Foundation San Antonio, TX PURPOSE: Biomedical econ. dev. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |