Economic Vitality Corporation Of Sa N Luis Obispo County
- Assets
- $0.0
- Revenue
- $459.9k
- Investments
- $0.0
- Employees
- 6
- Location
- San Luis Obispo, CA
- Founding
- 12/1995
- Data as of
- 06/2021
- EIN
- 77-0402681
Organization Overview
Economic Vitality Corporation Of Sa N Luis Obispo County is located in San Luis Obispo, CA. The organization was established in 1995. 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 06/2021, Economic Vitality Corporation Of Sa N Luis Obispo County employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Vitality Corporation Of Sa N Luis Obispo County 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 06/2021, Economic Vitality Corporation Of Sa N Luis Obispo County generated $459.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $584.0k during the year ending 06/2021. 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
TO FOSTER PARTNERSHIPS BETWEEN THE CITIES, COUNTY, AND PRIVATE INVESTORS TO CREATE, RETAIN, AND EXPAND THE JOB AND INVESTMENT BASE THROUGH BUSINESS EXPANSIONS OR RETENTION AND ATTRACTION OF NEW COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC STRATEGIC IMPLEMENTATION PROJECT: JOIN COLLABORATIVE PARTNERS TOGETHER FOR THE PURPOSE OF SAVING, GENERATING AND CREATING JOBS IN SAN LUIS OBISPO COUNTY. USE OF INDEPENDENT CONTRACTORS TO WORK WITH COUNTY VOLUNTEERS TO STRATEGIZE AND IMPLEMENT A MULTI PHASE APPROACH TO DETERMINE CHALLENGES AND OPPORTUNITIES OF POTENTIAL BUSINESS DEVELOPMENT. INCLUDES ADMINISTRATION OF GRANT TO FACILIATE AND EVALUATE EXPANSION OF BROADBAND IN SAN LUIS OBISPO COUNTY. INCLUDES ADMINISTRATION OF GRANT TO FACILIATE THE EXPANSION OF THE MANUFACTURING SECTOR OF SAN LUIS OBISPO.
PROVIDES OUTLET FOR NETWORKING, WORKSHOPS AND SEMINARS FOR COMMUNITY MEMBERS AND BUSINESSES.INCLUDES PROGRAMS TO ASSIST WITH JOB AND BUSINESS EXPANSION, RENT RESEARCH AND ASSISTANCE FOR RELOCATING COMPANIES AND PROVIDES LOCAL ECONOMIC DATA TO LOCAL BUSINESSES. THE ORGANIZATION SPONSORS WORKSHOPS AND SEMINARS FOR VENTURE CAPITALISTS AND COORDINATES WITH OTHER LOCAL NON PROFIT AND GOVERNMENT PROGRAMS THAT PROVIDE BUSINESS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Kelly President | Officer | 40 | $69,643 |
Jim Dantona Board Member | Trustee | 1 | $0 |
Ken Dalebout Board Member | Trustee | 1 | $0 |
Eric Schwefler Board Member | Trustee | 1 | $0 |
Steve Harding Treasurer | OfficerTrustee | 4 | $0 |
Jolie Ditmore Chairman | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,081 |
| Noncash contributions included in lines 1a–1f | $702 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,819 |
| Total Program Service Revenue | $0 |
| Investment income | $127 |
| 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 | $459,946 |
| 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. | $183,670 |
| Compensation of current officers, directors, key employees. | $55,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,751 |
| Pension plan accruals and contributions | $7,995 |
| Other employee benefits | $0 |
| Payroll taxes | $15,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,298 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,550 |
| Advertising and promotion | $461 |
| Office expenses | $5,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,571 |
| Travel | $387 |
| 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 | $8,797 |
| All other expenses | $2,573 |
| Total functional expenses | $583,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |