Small Business Development Corporation Of Orange County is located in Santa Ana, 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 06/2021, Small Business Development Corporation Of Orange County employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Development Corporation Of Orange 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, Small Business Development Corporation Of Orange County generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m 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 PROVIDE FINANCIAL ASSISTANCE TO SMALL BUSINESS. THE ORGANIZATION IS PRIMARILY INVOLVED IN ECONOMIC DEVELOPMENT LENDING ACTIVITIES PROVIDING LOAN GUARANTEES AND OTHER DIRECT CAPITAL ACCESS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUARANTEED LOANS AND OTHER DIRECT CAPITAL ACCESS PROGRAMS TO ECONOMICALLY DISADVANTAGED BUSINESS THROUGHTOUT CALIFORNIA, WHICH ULTIMATELY STRENGTHENS THE LOCAL BUSINESS ECONOMY BY CREATING AND RETAINING JOBS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Ocasio President & CEO | OfficerTrustee | 40 | $200,594 |
Richard Lee First VP | 40 | $144,744 | |
Ken Freedman Office Manager | 40 | $130,447 | |
Nestor Nestor Loan Officer | 40 | $97,837 | |
Eduardo E Burgman Computer | 40 | $86,713 | |
Terrin Enssle Secretary | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $174,600 |
Investment income | $28,109 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $7,147 |
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 | $1,313,486 |
Statement of Expenses | |
---|---|
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. | $200,594 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $614,132 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $89,945 |
Payroll taxes | $52,538 |
Fees for services: Management | $0 |
Fees for services: Legal | $20,696 |
Fees for services: Accounting | $27,164 |
Fees for services: Lobbying | $4,800 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $38,083 |
Advertising and promotion | $3,823 |
Office expenses | $9,728 |
Information technology | $9,616 |
Royalties | $0 |
Occupancy | $23,178 |
Travel | $11,238 |
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 | $23,449 |
Insurance | $18,746 |
All other expenses | $0 |
Total functional expenses | $1,221,366 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,341,361 |
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 | $112,692 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $16,076 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $585,078 |
Total assets | $3,166,647 |
Accounts payable and accrued expenses | $1,365 |
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 | $117,585 |
Total liabilities | $118,950 |
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 |
Total liabilities and net assets/fund balances | $3,047,697 |
Organization Name | Assets | Revenue |
---|---|---|
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |