2024-03-07T15:24:41-06:00 2023-06-30 680000424 BFBA LLP 83 SCRIPPS DRIVE STE 210 SACRAMENTO CA 95825 990 2022-07-01 465517841 GREATER SACRAMENTO AREA ECONOMIC COUNCIL GREA 9164412144 400 CAPITOL MALL 2520 SACRAMENTO CA 95814 BARRY BROOME PRESIDENT & CEO 9164412144 2024-03-05 1 BARRY BROOME 999009999 0 PATRICIA A FAITH P00294123 9169240800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARRY BROOME 400 CAPITOL MALL 2520 SACRAMENTO CA 95814 3171506 0 X SELECTSACRAMENTO.COM X 2014 CA A PUBLIC-PRIVATE PARTNERSHIP TO RETAIN, ATTRACT AND CREATE SUSTAINABLE BUSINESSES IN SIX COUNTIES. 87 87 19 0 0 0 3538847 2839562 39814 14850 25606 99949 -136707 -44021 3467560 2910340 35000 151253 0 0 3039333 2898453 0 0 252478 1594017 1756014 4668350 4805720 -1200790 -1895380 15768585 14127749 554142 771715 15214443 13356034 X A PUBLIC-PRIVATE PARTNERSHIP TO RETAIN, ATTRACT AND CREATE SUSTAINABLE BUSINESSES IN SIX COUNTIES. 0 0 3729639 151253 14850 GSEC HAD A MOMENTOUS FISCAL YEAR WITH LOCATING 17 COMPANIES TO THE REGION, RESULTING IN 1,950 NEW OR RETAINED JOBS AND $1.5B IN ECONOMIC IMPACT. OUT OF THE 17 COMPANIES, 2 OF THOSE WERE GLOBALLY RECOGNIZED SEMICONDUCTOR COMPANIES ELEVATING THE PROFILE OF THE REGION. GSEC'S DIGITAL ENGAGEMENT STRATEGY HAS RESULTED IN HUNDREDS OF TOUCHPOINTS WITH SITE SELECTORS, MULTIPLIERS AND EXECUTIVES AT GROWING COMPANIES ACROSS THE COUNTRY. THIS OUTREACH WAS ALSO RECOGNIZED IN IEDC'S 2022 EXCELLENCE IN ECONOMIC DEVELOPMENT AWARDS WHERE IT RECEIVED A SILVER RANK IN THE ADVERTISING CAMPAIGN CATEGORY. GSEC PURSUED MULTIPLE AVENUES TO INCREASE EQUITY AND INCLUSION THROUGH GROWING TRADABLE-SECTOR JOB OPPORTUNITIES, INCLUDING PARTNERSHIPS WITH CIVIC ORGANIZATIONS, REGIONAL COMPANIES AND EDUCATIONAL PROVIDERS. GSEC IS USING ITS PROGRESS ON COMPETITIVENESS TACTICS TO SUPPORT FURTHER WORK ON STRATEGIES FOR COMMUNITY ECONOMIC DEVELOPMENT REAL ESTATE AND MORE. GSEC WAS NAMED #3 ECONOMIC DEVELOPMENT ORGANIZATION IN THE WORLD BY IEDC FOR A SECOND YEAR IN A ROW. 3729639 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 19 1 0 0 0 0 0 0 0 0 0 0 X 87 87 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X BRITTANY JONES 9162879082 400 CAPITOL MALL NO 2520 SACRAMENTO CA 95814 BARRY BROOME PRESIDENT & CEO 40.00 X 769987 0 18843 MICHAEL SCOTT POWELL EXECUTIVE VICE PRESIDENT THRU 11/22 40.00 X 216323 0 29798 BRITTANY JONES CHIEF PERFORMANCE OFFICER 40.00 X 184001 0 22972 MATTHEW MILLER CHIEF ECONOMIST THRU 5/23 40.00 X 160250 0 10058 MICHELLE WILLARD CHIEF PUBLIC AFFAIRS OFFICER 40.00 X 163125 0 10243 ADRIAN TROELS EXECUTIVE VICE PRESIDENT/VP, BUS. DEV. 40.00 X 157876 0 21905 JASMINE WARD VICE PRESIDENT OF MARKETING 40.00 X 109000 0 21265 MICHAEL GUYETTE BOARD CHAIR 1.00 X X 0 0 0 MATINA KOLOKOTRONIS SECRETARY 1.00 X X 0 0 0 LARRY ALLBAUGH VICE CHAIR 1.00 X X 0 0 0 JAMES CONFORTI TREASURER 1.00 X X 0 0 0 ALVIN CHEUNG DIRECTOR 1.00 X 0 0 0 DAVE LUCCHETTI DIRECTOR 1.00 X 0 0 0 GARRY MAISEL DIRECTOR 1.00 X 0 0 0 GARY S MAY DIRECTOR 1.00 X 0 0 0 TRISH RODRIGUEZ DIRECTOR (THRU 12/8/22) 1.00 X 0 0 0 ROBERT S NELSEN DIRECTOR (THRU 6/9/23) 1.00 X 0 0 0 STEVE PLEAU DIRECTOR 1.00 X 0 0 0 DAVE ROUGHTON DIRECTOR (THRU 1/17/23) 1.00 X 0 0 0 MICHAEL TEEL DIRECTOR 1.00 X 0 0 0 BRIAN TERNAN DIRECTOR 1.00 X 0 0 0 SCOTT ALVORD DIRECTOR (THRU 3/9/23) 1.00 X 0 0 0 HOLLY ANDREATTA DIRECTOR (THRU 3/9/23) 1.00 X 0 0 0 DON ASHTON DIRECTOR (THRU 3/9/23) 1.00 X 0 0 0 JAMES BECKWITH DIRECTOR 1.00 X 0 0 0 DONNA BLAND DIRECTOR 1.00 X 0 0 0 GARY BRADFORD DIRECTOR 1.00 X 0 0 0 MICHAEL OLAGUE DIRECTOR (THRU 9/8/22) 1.00 X 0 0 0 DALE CARLSEN DIRECTOR 1.00 X 0 0 0 DON CLARK DIRECTOR 1.00 X 0 0 0 WENDY COHEN DIRECTOR 1.00 X 0 0 0 JEFF DERN DIRECTOR 1.00 X 0 0 0 ANN EDWARDS DIRECTOR 1.00 X 0 0 0 HARRY C ELLIOTT III DIRECTOR 1.00 X 0 0 0 STEPHEN FLEMING DIRECTOR 1.00 X 0 0 0 DAN FLORES DIRECTOR 1.00 X 0 0 0 MARK FRIEDMAN DIRECTOR 1.00 X 0 0 0 GAYLE GARBOLINO-MOJICA DIRECTOR (THRU 6/9/23) 1.00 X 0 0 0 BONNIE GORE DIRECTOR 1.00 X 0 0 0 GEORGE GRINZEWITSCH JR DIRECTOR (THRU 6/9/23) 1.00 X 0 0 0 BILL HALLDIN DIRECTOR 1.00 X 0 0 0 CHET HEWITT DIRECTOR 1.00 X 0 0 0 LORENZO HINES JR DIRECTOR 1.00 X 0 0 0 JOHN JACKSON DIRECTOR 1.00 X 0 0 0 JOHN JACKSON JR DIRECTOR 1.00 X 0 0 0 LARRY KELLEY DIRECTOR 1.00 X 0 0 0 BRIAN KING DIRECTOR 1.00 X 0 0 0 JENNY KNISLEY DIRECTOR (THRU 3/9/23) 1.00 X 0 0 0 MICHAEL KORPIEL DIRECTOR 1.00 X 0 0 0 MIKE KOZLOWSKI DIRECTOR (THRU 3/9/23) 1.00 X 0 0 0 PAUL LAU DIRECTOR 1.00 X 0 0 0 AARON LAUREL DIRECTOR 1.00 X 0 0 0 COLLEEN MCCAIN NELSON DIRECTOR 1.00 X 0 0 0 KEN MONROE DIRECTOR 1.00 X 0 0 0 TODD MURCH DIRECTOR 1.00 X 0 0 0 KEVIN NAGLE DIRECTOR 1.00 X 0 0 0 ROGER NIELLO DIRECTOR 1.00 X 0 0 0 GLORIA PARTIDA DIRECTOR 1.00 X 0 0 0 MEGHAN HUBER DIRECTOR (THRU 9/8/22) 1.00 X 0 0 0 JUDSON RIGGS DIRECTOR 1.00 X 0 0 0 CATHY RODRIGUEZ DIRECTOR 1.00 X 0 0 0 DAVID SANDER DIRECTOR 1.00 X 0 0 0 DON SAYLOR DIRECTOR (THRU 3/9/23) 1.00 X 0 0 0 DAVE SHAW DIRECTOR 1.00 X 0 0 0 BOBBIE SINGH-ALLEN DIRECTOR 1.00 X 0 0 0 JEREMIAH Z SMITH DIRECTOR 1.00 X 0 0 0 TOM STALLARD DIRECTOR 1.00 X 0 0 0 DARRELL STEINBERG DIRECTOR 1.00 X 0 0 0 KYRIAKOS TSAKOPOULOS DIRECTOR 1.00 X 0 0 0 CHRYSA DEMOS DIRECTOR (THRU 3/9/23) 1.00 X 0 0 0 SCOTT HANSON DIRECTOR 1.00 X 0 0 0 ALYSON BUTTERY DIRECTOR 1.00 X 0 0 0 SEAN HERRON DIRECTOR 1.00 X 0 0 0 ERIK LANGELAND DIRECTOR THRU 9/8/22 1.00 X 0 0 0 AZIZZA DAVIS GOINES DIRECTOR 1.00 X 0 0 0 DWAYNE CRENSHAW DIRECTOR 1.00 X 0 0 0 FIONA MA DIRECTOR THRU 9/8/22 1.00 X 0 0 0 ALEXANDER TENGOLICS DIRECTOR 1.00 X 0 0 0 CASSANDRA JENNINGS DIRECTOR THRU 9/8/22 1.00 X 0 0 0 KIMBERLY MENZEL DIRECTOR 1.00 X 0 0 0 DOMINIQUE BELZA DIRECTOR 1.00 X 0 0 0 KRISTA BERNASCONI DIRECTOR 1.00 X 0 0 0 DANNY CARTWRIGHT DIRECTOR 1.00 X 0 0 0 GREG CONNOLLY DIRECTOR 1.00 X 0 0 0 LUCAS FRERICHS DIRECTOR 1.00 X 0 0 0 JOHN HIDAHL DIRECTOR 1.00 X 0 0 0 PAUL JOINER DIRECTOR 1.00 X 0 0 0 ROSARIO RODRIGUEZ DIRECTOR 1.00 X 0 0 0 JEFF BUTLER DIRECTOR 1.00 X 0 0 0 FAYE NABHANI DIRECTOR 1.00 X 0 0 0 RACHEL ZILLNER DIRECTOR 1.00 X 0 0 0 LUKE WOOD DIRECTOR 1.00 X 0 0 0 DORIS MATSUI DIRECTOR 1.00 X 0 0 0 1760562 0 135084 6 0 1 0 0 163600 1212913 1463049 2839562 MEETINGS & EVENTS 900099 14850 14850 14850 99949 99949 114545 0 114545 114545 114545 102600 163600 261166 -158566 -158566 2910340 14850 0 55928 151253 151253 914623 702623 131642 80358 1593908 1291123 205660 97125 82980 66164 11071 5745 163764 131541 20845 11378 143178 113765 19261 10152 52569 52569 32498 32498 152050 144999 4617 2434 68097 64065 3628 404 108138 86655 14336 7147 304395 282975 14027 7393 310078 246378 41714 21986 157854 148162 6347 3345 369780 127498 242282 54619 37537 14175 2907 25193 20018 3389 1786 EVENT SPONSOR 81451 76061 5234 156 DUES & SUBSCRIPTIONS 29292 28822 308 162 BAD DEBT 10000 10000 4805720 3729639 823603 252478 2356490 1632070 5685706 1635505 7415401 5368671 117399 175492 310657 263974 92644 46683 42144 5025533 21896 6494 36905 237301 15768585 14127749 534142 495066 20000 276649 554142 771715 X 7504443 8056034 7710000 5300000 15214443 13356034 15768585 14127749 -1895380 36971 0 X 0 0 0 X 2429427 8907420 7382855 3538847 2621546 24880095 2429427 8907420 7382855 3538847 2621546 24880095 24880095 218207 180567 188532 84016 151770 823092 86244 86244 331302 218015 549317 26338748 204432 0.94460 0.95270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 219939 185708 34231 90718 78266 12452 46683 INVESTMENT - COMMON STOCK 47855 C MARKATABLE SECURITES - CHARLES SCHWAB ST 4977678 C 5025533 TENANT DEPOSITS 10000 DEFERRED RENTAL INCOME 10000 OPERATING LEASE LIABILITY 256649 276649 X 3208477 36971 261166 298137 2910340 0 2910340 5066886 261166 261166 4805720 0 4805720 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND STATE INCOME TAX UNDER SECTION 23701 OF THE CALIFORNIA REVENUE AND TAXATION CODE. HOWEVER, THE ORGANIZATION IS REQUIRED TO FILE FEDERAL AND STATE INFORMATION RETURNS. THE ORGANIZATION HAS APPLIED THE ACCOUNTING PRINCIPLES RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES - RECLASSED TO SCH G 261,166. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES - RECLASSED TO SCH G 261,166. ANNUAL DINNER 266200 163600 102600 99007 13595 148564 266200 163600 102600 99007 13595 148564 261166 -158566 0 THE LEUKEMIA & LYMPHOMA SOCIETY CENTRAL VALLEY REG 7491 N REMINGTON AVE SUITE 101 FRESNO CA 93711 135644916 501(C)(3) 10000 0 DONATION FOURTHWAVE PO BOX 788 MEADOW VISTA CA 95722 822460280 501(C)(3) 45000 0 SPONSORSHIP DONATION COMMITTEE FOR A BETTER SACRAMENTO 428 J STREET SUITE 412 SACRAMENTO CA 95814 872478873 501(C)(4) 10000 0 DONATION GREATER SACRAMENTO URBAN LEAGUE 3725 MARYSVILLE BLVD SACRAMENTO CA 95838 941686314 501(C)(3) 50000 0 DONATION LOVES & FISHES SACRAMENTO PO BOX 13495 SACRAMENTO CA 95813 680189897 501(C)(3) 5203 0 DONATION FINTECH CREDIT UNION CONNECTION 2022 2295 IRON POINT ROAD FOLSOM CA 95630 941179501 501(C)(3) 10000 0 SPONSORSHIP CALSTART 48 SCHESTER AVENUE PASADENA CA 91106 954375022 501(C)(3) 21050 0 SPONSORSHIP 6 1 X X X 0 0 0 0 0 0 0 0 0 BARRY BROOME PRESIDENT & CEO 630862 0 139125 0 0 0 18300 0 543 0 788830 0 0 0 MICHAEL SCOTT POWELL EXECUTIVE VICE PRESIDENT THRU 11/22 193673 0 19500 0 3150 0 13026 0 16772 0 246121 0 0 0 BRITTANY JONES CHIEF PERFORMANCE OFFICER 164001 0 20000 0 0 0 11040 0 11932 0 206973 0 0 0 MATTHEW MILLER CHIEF ECONOMIST THRU 5/23 146250 0 14000 0 0 0 9615 0 443 0 170308 0 0 0 MICHELLE WILLARD CHIEF PUBLIC AFFAIRS OFFICER 148625 0 14500 0 0 0 9788 0 455 0 173368 0 0 0 ADRIAN TROELS EXECUTIVE VICE PRESIDENT/VP, BUS. DE 141876 0 13000 0 3000 0 9473 0 12432 0 179781 0 0 0 PART I, LINE 1B HOUSING ALLOWANCE MAY BE PROVIDED TO EMPLOYEES WHO LIVE AND REGULARLY WORK OUT OF THE GREATER SACRAMENTO AREA AS DETERMINED ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF TWO OR MORE DIRECTORS OF THE BOARD. ONE OF THE COMMITTEE MEMBERS MUST BE THE CHAIRPERSON OF THE BOARD OF DIRECTORS, AND ANOTHER MEMBER MUST BE THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD OF THE DIRECTORS. THE CHAIRPERSON OF THE BOARD OF DIRECTORS, MUST ALSO BE CHAIRPERSON OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF BUSINESS AFFAIRS OF THE CORPORATION BETWEEN BOARD MEETINGS. THE ACTIONS OF THE EXECUTIVE COMMITTEE MUST BE REPORTED TO THE BOARD OF DIRECTORS AT THE NEXT BOARD MEETING FOLLOWING THE ACTIONS THAT WERE TAKEN. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO FILL ANY VACANCY ON THE BOARD OF DIRECTORS OR ANY COMMITTEE OF THE BOARD OF DIRECTORS, ADOPT AMENDMENTS TO THE ARTICLES OR THESE BYLAWS OR FIX COMPENSATION FOR THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM IS REVIEWED BY INTERNAL MANAGEMENT AND EXTERNAL CPA FIRM. THE FORM IS ALSO REVIEWED AND APPROVED BY THE APPOINTED AUDIT COMMITTEE PRIOR TO FILING . FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF ITS BOARD OF DIRECTORS SHALL PERFORM THEIR DUTIES AS DIRECTORS IN GOOD FAITH IN A MANNER EACH SUCH RESPECTIVE DIRECTOR BELIEVES TO BE IN THE BEST INTEREST OF THE CORPORATION AND WITH SUCH CARE, INCLUDING REASONABLE INQUIRY, AS AN ORDINARY PRUDENT PERSON IN A LIKE POSITION WOULD USE UNDER SIMILAR CIRCUMSTANCES. HOWEVER, TO ELIMINATE OR MINIMIZE THE EFFECT OF ANY CONFLICT OF INTEREST, IF ANY DIRECTOR OR CLOSE RELATIVE (SPOUSE, ANCESTOR, OR LINEAL DECENDENT ) OF SUCH DIRECTOR HAS ANY FINANCIALINTEREST IN A MATTER BEFORE THE BOARD, SUCH DIRECTOR SHALL REPORT SUCH INTEREST TO THE BOARD PRIOR TO BOARD ACTION THEREON EITHER IN WRITING OR BEFORE THE BOARD SO AS TO BE SET FORTH IN THE MINUTES. FURTHERMORE, SUCH DIRECTOR SHALL REFRAIN FROM VOTING ALTOGETHER ON SUCH MATTERS. MEMBERS OF THE CORPORATION AND/OR DIRECTORS MAY ENGAGE EITHER AS INDIVIDUALS OR AS PARTNERS, EMPLOYEES, OR AGENTS OF OTHERS IN BUSINESS ACTIVITIES OF THE TYPE CONDUCTED BY THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS SHALL DETERMINE FROM TIME-TO-TIME THE COMPENSATION OF THE OFFICERS. AN OFFICER SHALL NOT BE PREVENTED FROM RECEIVING COMPENSATION BECAUSE OF SERVICES AS A DIRECTOR. THE MINUTES OF THE MEETINGS OF THE BOARD OF DIRECTORS SHALL SET FORTH THE COMPENSATION OF THE OFFICERS OR THE METHOD OF FIXING THE COMPENSATION OF THE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE FOR DOWNLOAD ON OUR WEBSITE AND AVAILABLE ON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.