2023-11-15T16:45:20-06:00 2022-12-31 952694444 CONSIDINE & CONSIDINE 8989 RIO SAN DIEGO DRIVE SUITE 250 SAN DIEGO CA 921081604 990 2022-01-01 952406199 ECONOMIC DEVELOPMENT CORPORATION SAN DIEGO COUNTY ECON 6192348484 1100 MARKET STREET 438 SAN DIEGO CA 92101 MARK CAFFERTY PRESIDENT 6192348484 2023-11-14 1 MARK CAFFERTY 999009999 0 RICHARD HOTZ P00452784 6192311977 2023-11-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK CAFFERTY 1100 MARKET STREET 438 SAN DIEGO CA 92101 4002691 0 X WWW.SANDIEGOBUSINESS.ORG X 1965 CA TO MAXIMIZE THE REGION'S ECONOMIC PROSPERITY AND GLOBAL COMPETITIVENESS. 75 74 27 300 0 0 3318153 2863907 588908 689022 3124 3484 12359 128003 3922544 3684416 0 0 0 0 2547534 2754285 0 0 0 744236 937300 3291770 3691585 630774 -7169 2842251 2869414 493700 498587 2348551 2370827 TO MAXIMIZE THE REGION'S ECONOMIC PROSPERITY AND GLOBAL COMPETITIVENESS. 0 0 3110171 689022 THE REGIONAL SBDC LEAD CENTER, BASED AT SOUTHWESTERN COLLEGE, CONTRACTS WITH EDC TO COORDINATE COVID-19 CRISIS COMMUNICATIONS AND FACILITATE RECOVERY ASSISTANCE AND RESOURCES FOR SMALL BUSINESSES IMPACTED BY THE PANDEMIC. IN ADDITION, SBDC CONTRACTS WITH EDC/WTC TO PROVIDE EXPORTCOUNSELING AND RESOURCES TO SMALL BUSINESSES.THE CITY OF SAN DIEGO CONTRACTS WITH EDC TO PROVIDE BUSINESS RETENTION, AND EXPANSION SERVICES THROUGHOUT THE CITY. IT ALSO SUPPORTS EDC AFFLIATE WORLD TRADE CENTER SAN DIEGO'S METROCONNECT PROGRAM TO HELP SMALL BUSINESS BUILD EXPORTS, FACILITATE FOREIGN DIRECT INVESTMENT AND ORGANIZE TRADE MISSIONS. 3110171 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 17 0 1 27 1 0 0 0 0 0 0 0 0 X 75 74 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DEBBIE AUBERT 6192348484 1100 MARKET STREET 438 SAN DIEGO CA 92101 MARK CAFFERTY PRESIDENT & CEO 40.00 X X 417847 0 23854 HEATHER ACE DIRECTOR 0.00 X 0 0 0 NELSON ACKERLY DIRECTOR 0.00 X 0 0 0 CHRIS AMBLE DIRECTOR 0.00 X 0 0 0 DAVID ARIDA DIRECTOR 0.00 X 0 0 0 DOUG ARTHUR DIRECTOR 0.00 X 0 0 0 KIM BECKER DIRECTOR 0.00 X 0 0 0 NEIL BENCE DIRECTOR 0.00 X 0 0 0 TOM BETHMANN DIRECTOR 0.00 X 0 0 0 ROBERT BLAIR DIRECTOR 0.00 X 0 0 0 PHIL BLAIR DIRECTOR 0.00 X 0 0 0 LINDEN BLUE DIRECTOR 0.00 X 0 0 0 STEVE BRASS DIRECTOR 0.00 X 0 0 0 KIMBERLY BREWER DIRECTOR 0.00 X 0 0 0 JENNIE BROOKS DIRECTOR 0.00 X 0 0 0 BOB BROWER DIRECTOR 0.00 X 0 0 0 JANICE BROWN DIRECTOR 0.00 X 0 0 0 RHOBRUNER CAULEY DIRECTOR 0.00 X 0 0 0 DEBORA BURKE DIRECTOR 0.00 X 0 0 0 MALIN BURNHAM DIRECTOR 0.00 X 0 0 0 GORDON CARRIER DIRECTOR 0.00 X 0 0 0 DAVID CHERASHORE DIRECTOR 0.00 X 0 0 0 CLIFF CHO DIRECTOR 0.00 X 0 0 0 KELLY DAVIS DIRECTOR 0.00 X 0 0 0 ADELA DE LA TORRE DIRECTOR 0.00 X 0 0 0 DENNIS DOUCETTE DIRECTOR 0.00 X 0 0 0 ROB DOUGLAS DIRECTOR 0.00 X 0 0 0 MARK FIELD DIRECTOR 0.00 X 0 0 0 JANE FINLEY DIRECTOR 0.00 X 0 0 0 ALISON FLEURY DIRECTOR 0.00 X 0 0 0 BRUCE FOLKMANN DIRECTOR 0.00 X 0 0 0 PATRICIO FRIAS DIRECTOR 0.00 X 0 0 0 YEHUDI GAF GAFFEN DIRECTOR 0.00 X 0 0 0 LAURA GARRETT DIRECTOR 0.00 X 0 0 0 JAMES HARRIS DIRECTOR 0.00 X 0 0 0 INGO HENTSCHEL DIRECTOR 0.00 X 0 0 0 LISETTE ISLAS DIRECTOR 0.00 X 0 0 0 JASON JAGER DIRECTOR 0.00 X 0 0 0 KEITH JONES DIRECTOR 0.00 X 0 0 0 STEVEN JONES DIRECTOR 0.00 X 0 0 0 SANDY KERL DIRECTOR 0.00 X 0 0 0 PRADEEP KHOSLA DIRECTOR 0.00 X 0 0 0 JOE KIGHT DIRECTOR 0.00 X 0 0 0 JUNE KOMAR DIRECTOR 0.00 X 0 0 0 KATHIE LEMBO DIRECTOR 0.00 X 0 0 0 SHELLEY LYFORD DIRECTOR 0.00 X 0 0 0 SHELDON LYN DIRECTOR 0.00 X 0 0 0 LAURA MACNEEL DIRECTOR 0.00 X 0 0 0 ANNE MARBARGER DIRECTOR 0.00 X 0 0 0 SANDY MCDONOUGH DIRECTOR 0.00 X 0 0 0 MARK MILLIRON DIRECTOR 0.00 X 0 0 0 TRACY MURPHY DIRECTOR 0.00 X 0 0 0 MIKE NEAL DIRECTOR 0.00 X 0 0 0 ELLEN NEUFELDT DIRECTOR 0.00 X 0 0 0 DEBORAH NGUYEN DIRECTOR 0.00 X 0 0 0 GRANT OLIPHANT DIRECTOR 0.00 X 0 0 0 KEVIN PEGELS DIRECTOR 0.00 X 0 0 0 TOM PELLETTE DIRECTOR 0.00 X 0 0 0 ALAN PROHASKA DIRECTOR 0.00 X 0 0 0 KAREN REINHARDT DIRECTOR 0.00 X 0 0 0 HALE' RICHARDSON DIRECTOR 0.00 X 0 0 0 MANUEL RODRIGUEZ DIRECTOR 0.00 X 0 0 0 AARON RYAN DIRECTOR 0.00 X 0 0 0 DAN RYAN DIRECTOR 0.00 X 0 0 0 TOM SEIDLER DIRECTOR 0.00 X 0 0 0 SADIE STERN DIRECTOR 0.00 X 0 0 0 MARK STUART DIRECTOR 0.00 X 0 0 0 COLTON SUDBERRY DIRECTOR 0.00 X 0 0 0 DAVID THOMAS JR DIRECTOR 0.00 X 0 0 0 PETE TOWNSHEND DIRECTOR 0.00 X 0 0 0 TOM TURNER DIRECTOR 0.00 X 0 0 0 KAMNI VIJAY DIRECTOR 0.00 X 0 0 0 SIDD VIVEK DIRECTOR 0.00 X 0 0 0 BARBARA WIGHT DIRECTOR 0.00 X 0 0 0 CHRIS WILLIAMS DIRECTOR 0.00 X 0 0 0 LAUREE SAHBA COO 40.00 X 276543 0 14710 NIKIA CLARKE SENIOR VICE PRESIDENT 40.00 X 212573 0 6846 CATHERINE DEYOUNG EXECUTIVE ASSISTANT 40.00 X 102170 0 0 BRIANNA BURRIS DIRECTOR OF MARKETING 40.00 X 106228 0 0 EDUARDO VELASQUEZ SENIOR DIRECTOR 40.00 X 123566 0 0 1238927 0 45410 6 0 1 0 0 2863907 35000 2863907 CONTRACTS 900099 689022 689022 689022 3484 3484 446278 318275 128003 128003 3684416 689022 0 131487 694390 604119 90271 1718596 1495179 223417 190797 165993 24804 150502 130937 19565 5024 3768 1256 21300 15975 5325 58029 45397 12632 37897 18949 18948 211123 183677 27446 123723 92792 30931 45955 39981 5974 13473 6736 6737 37366 32508 4858 CORE PROGRAMMING/INITIA 167355 167355 RELOCATION 96180 96180 RESEARCH 40909 40909 GLOBAL MARKETING 37017 37017 41949 28879 13070 3691585 3110171 581414 0 1477056 1004227 481261 1268467 826035 484623 11950 39869 113856 41628 45949 72228 2842251 2869414 493700 498587 493700 498587 X 749425 370827 1599126 2000000 2348551 2370827 2842251 2869414 -7169 29445 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 113856 41628 72228 72228 X 3904671 2500 318275 320775 3583896 100520 100520 3684416 3911840 2500 318275 320775 3591065 100520 100520 3691585 PART X, LINE 2: THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS WHICH PROVIDE THE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITION AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2022 AND 2021, THE ORGANIZATION HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 318,275. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT BENEFIT TO DONORS 100,520. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 318,275. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT BENEFIT TO DONORS 100,520. 1 X X X X 0 0 0 MARK CAFFERTY PRESIDENT & CEO 326936 0 0 0 90911 0 0 0 23854 0 441701 0 0 0 LAUREE SAHBA COO 268543 0 0 0 8000 0 0 0 14710 0 291253 0 0 0 NIKIA CLARKE SENIOR VICE PRESIDENT 193973 0 0 0 18600 0 0 0 6846 0 219419 0 0 0 X TRAVEL VOUCHERS 1 20000 X AV 1 15000 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS ONLY. MEMBERSHIP SHALL BE OPEN TO ANY PERSON OR LEGAL ENTITY INTERESTED IN THE CORPORATION'S OBJECTIVES AND WHO APPLIES FOR MEMBERSHIP AND IS APPROVED PURSUANT TO THESE BYLAWS BY THE BOARD OF DIRECTORS. THERE SHALL BE TWO CLASSES OF MEMBERSHIP: PUBLIC MEMBERS AND PRIVATE MEMBERS. PUBLIC MEMBERS AND PRIVATE MEMBERS ARE SOMETIMES REFERRED TO IN THESE BYLAWS AS "MEMBERS OR "INVESTORS". THE BOARD MAY, FROM TIME TO TIME, BY AMENDMENT OF THESE BYLAWS, ESTABLISH OTHER CLASSES OF MEMBERSHIP WITH SUCH RIGHTS AND DUTIES AS SHALL BE PROVIDED BY THE BOARD. NO ADDITIONAL CLASSES OF MEMBERSHIP SHALL HAVE VOTING RIGHTS THAT MATERIALLY AND ADVERSELY AFFECT THE RIGHTS OF ANY CLASS AS TO VOTING WITHOUT THE APPROVAL OF THE MEMBERS AND THE MEMBERS OF THE CLASS AFFECTED. MEMBERS/INVESTORS MUST BE CURRENT WITH THEIR FINANCIAL COMMITMENT TO EDC. THE PUBLIC MEMBERS OF THE CORPORATION SHALL BE THOSE GOVERNMENTAL ENTITIES WHICH PROVIDE FUNDING TO THE CORPORATION THROUGH PAYMENTS MADE IN ACCORDANCE WITH CONTRACTUAL OR OTHER AGREEMENTS BETWEEN THE CORPORATION AND THE GOVERNMENTAL ENTITY WHICH ARE APPROVED BY THE BOARD. MEMBERS SHALL HAVE ONE VOTE AND SHALL BE ENTITLED TO VOTE ON ALL MATTERS COMING BEFORE THE MEMBERSHIP. ANY INDIVIDUAL, CORPORATION, PARTNERSHIP, ASSOCIATION OR OTHER ENTITY SUBSCRIBING TO THE PURPOSES AND GOALS OF THE CORPORATION SHALL BE ELIGIBLE FOR MEMBERSHIP. MEMBERS SHALL HAVE ONE VOTE AND SHALL BE ENTITLED TO VOTE ON ALL MATTERS COMING BEFORE THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ACCOUNTANT WORKED WITH THE PAID TAX PREPARER TO PROCESS FORM 990. DRAFT IS SUBMITTED TO COO, AND AUDIT COMMITTEE CHAIR FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. IF CONFICT ARISES, THEN IT IS ADDRESSED BY THE BOARD AND ACTIONS ARE EXECUTED ACCORDINGLY. ANY BOARD MEMBER WITH A CONFLICT IS NOT ALLOWED TO VOTE ON A TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION APPROVAL PROCESS FOR THE CEO WAS CONDUCTED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE. THE COMMITTEE CONDUCTED A LOCAL SURVEY OF LIKE ORGANIZATIONS, PRIMARILY NON-PROFITS. THE SALARY APPROVAL PROCESS WAS DOCUMENTED. THE PROCESS OF DETERMINING COMPENSATION FOR ALL OTHER OFFICERS WAS CONDUCTED ON 12/1/20 AND BASED UPON RECOMMENDATIONS BY THE CEO, WITH INPUT FROM MANAGERS THROUGH THE COO. THIS PROCESS INCLUDES MARKET COMPENSATION RELATED INFORMATION AND PERFORMANCE METRICS TO JUSTIFY COMPENSATION PACKAGES AND/OR SALARY ADJUSTMENTS. ALL COMPENSATION WAS APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE DURING THE YEAR.