2026-02-03T16:18:48-06:00 2025-06-30 680000424 BFBA LLP 83 SCRIPPS DRIVE STE 210 SACRAMENTO CA 95825 990 2024-07-01 465517841 GREATER SACRAMENTO AREA ECONOMIC COUNCIL GREA 9164412144 400 CAPITOL MALL 2520 SACRAMENTO CA 95814 BARRY BROOME PRESIDENT & CEO 9164412144 2026-01-26 1 0 RACHELLE CASTRO-MU P01516700 9169240800 2024 2025-03-06 01:10:19Z BARRY BROOME 400 CAPITOL MALL 2520 SACRAMENTO CA 95814 12415087 0 X SELECTSACRAMENTO.COM X 2014 CA A PUBLIC-PRIVATE PARTNERSHIP TO RETAIN, ATTRACT AND CREATE SUSTAINABLE BUSINESSES IN SIX COUNTIES. 95 95 23 0 0 0 2384402 11906663 135011 160118 266510 244506 -115883 -283104 2670040 12028183 140000 247000 0 0 2756001 3157412 0 0 267295 2239238 2554105 5135239 5958517 -2465199 6069666 12142091 18331647 1159777 907589 10982314 17424058 X A PUBLIC-PRIVATE PARTNERSHIP TO RETAIN, ATTRACT AND CREATE SUSTAINABLE BUSINESSES IN SIX COUNTIES. 0 0 4836024 247000 160118 THE GREATER SACRAMENTO ECONOMIC COUNCIL (GSEC) WAS HONORED AS EDO OF THE YEAR BY THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL (IEDC), WINNING THE MOST PRESTIGIOUS AWARD IN THE ECONOMIC DEVELOPMENT INDUSTRY. THIS YEAR, GSEC FURTHER EXPANDED ITS INTERNATIONAL BUSINESS ENGAGEMENT WITH A HIGH-LEVEL DELEGATION TO SOUTH KOREA, ADVANCING ITS GLOBALIZING GREATER SACRAMENTO INITIATIVE TO STRENGTHEN GLOBAL BUSINESS RECRUITMENT. THE ORGANIZATION ALSO LAUNCHED A NEW REGIONAL BRAND AND REPOSITIONED ITS OWN BRANDING, WEBSITE AND LOGO TO CELEBRATE ITS 10TH ANNIVERSARY. IN ADDITION TO THE EDO OF THE YEAR AWARD, GSEC RECEIVED NUMEROUS OTHER ACCOLADES, INCLUDING AN IEDC GOLD AWARD FOR THE REGIONAL BRAND CAMPAIGN, PLACING #3 IN REGIONAL BEST PLACES TO WORK FOR ITS SIZE CATEGORY AND THE CHIEF PERFORMANCE OFFICER NAMED A REGIONAL C-SUITE AWARD HONOREE. GSEC CONTINUES TO LEAD WITH INNOVATION AND IMPACT, SOLIDIFYING GREATER SACRAMENTO'S POSITION AS A GLOBALLY COMPETITIVE REGION. 4836024 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 16 0 23 1 0 0 0 0 0 0 0 0 0 0 X 95 95 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 GARY MAY CHAIR 1.00 X X 0 0 0 MARK FRIEDMAN VICE CHAIR 1.00 X X 0 0 0 KIMBERLY MENZEL TREASURER 1.00 X X 0 0 0 FAYE NABHANI SECRETARY 1.00 X X 0 0 0 AARON LAUREL DIRECTOR 1.00 X 0 0 0 ADONAI MACK DIRECTOR 1.00 X 0 0 0 ALEX WICKS DIRECTOR 1.00 X 0 0 0 ALVIN CHEUNG DIRECTOR 1.00 X 0 0 0 AZIZZA DAVIS GOINES DIRECTOR 1.00 X 0 0 0 BOBBIE SINGH-ALLEN DIRECTOR 1.00 X 0 0 0 BONNIE GORE DIRECTOR 1.00 X 0 0 0 BRIAN KING DIRECTOR 1.00 X 0 0 0 BRIAN TERNAN DIRECTOR 1.00 X 0 0 0 BRIAN VEERKAMP DIRECTOR 1.00 X 0 0 0 CAMERON LAW DIRECTOR 1.00 X 0 0 0 CATHY RODRIGUEZ DIRECTOR 1.00 X 0 0 0 CHRIS ERIAS DIRECTOR 1.00 X 0 0 0 CHRYSA DEMOS DIRECTOR 1.00 X 0 0 0 COLLEEN MCCAIN NELSON DIRECTOR 1.00 X 0 0 0 DALE CARLSEN DIRECTOR 1.00 X 0 0 0 DAN FLORES DIRECTOR 1.00 X 0 0 0 DANNY CARTWRIGHT DIRECTOR (THRU 06/6/25) 1.00 X 0 0 0 DARRELL STEINBERG DIRECTOR (THRU 06/6/25) 1.00 X 0 0 0 DAVE LUCCHETTI DIRECTOR 1.00 X 0 0 0 DAVE SHAW DIRECTOR (THRU 03/13/25) 1.00 X 0 0 0 DAVID RING DIRECTOR 1.00 X 0 0 0 DAVID SANDER DIRECTOR (THRU 03/13/25) 1.00 X 0 0 0 DAVID VILLANUEVA DIRECTOR 1.00 X 0 0 0 DERRICK NIELLO DIRECTOR 1.00 X 0 0 0 DOMINIQUE BELZA DIRECTOR (THRU 06/6/25) 1.00 X 0 0 0 DON CLARK DIRECTOR 1.00 X 0 0 0 DONALD TERRY DIRECTOR 1.00 X 0 0 0 DONNA BLAND DIRECTOR 1.00 X 0 0 0 DORIS MATSUI DIRECTOR 1.00 X 0 0 0 DWAYNE CRENSHAW DIRECTOR 1.00 X 0 0 0 ERIC JOHNSON DIRECTOR 1.00 X 0 0 0 ERIC STEVENS DIRECTOR 1.00 X 0 0 0 GARRY MAISEL DIRECTOR 1.00 X 0 0 0 GARY BRADFORD DIRECTOR 1.00 X 0 0 0 GEORGE GRINZEWITSCH DIRECTOR 1.00 X 0 0 0 GLORIA PARTIDA DIRECTOR (THRU 03/13/25) 1.00 X 0 0 0 GREG CONNOLLY DIRECTOR 1.00 X 0 0 0 GREG JANDA DIRECTOR (THRU 03/13/25) 1.00 X 0 0 0 HARRY C ELLIOTT III DIRECTOR 1.00 X 0 0 0 HOLLY ANDREATTA DIRECTOR 1.00 X 0 0 0 JAMES BECKWITH DIRECTOR 1.00 X 0 0 0 JAMES WOOD DIRECTOR 1.00 X 0 0 0 JEFF BUTLER DIRECTOR 1.00 X 0 0 0 JEFF DERN DIRECTOR 1.00 X 0 0 0 JEREMIAH Z SMITH DIRECTOR 1.00 X 0 0 0 JILL GAYALDO DIRECTOR 1.00 X 0 0 0 JOHN HIDAHL DIRECTOR (THRU 03/13/25) 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 JUDSON RIGGS DIRECTOR (THRU 06/6/25) 1.00 X 0 0 0 KEN MONROE DIRECTOR 1.00 X 0 0 0 KEVIN MCCARTY DIRECTOR 1.00 X 0 0 0 KEVIN NAGLE DIRECTOR 1.00 X 0 0 0 KRISTA BERNASCONI DIRECTOR 1.00 X 0 0 0 KYLE ZIMBELMAN DIRECTOR 1.00 X 0 0 0 KYRIAKOS TSAKOPOULOS DIRECTOR 1.00 X 0 0 0 LARRY ALLBAUGH DIRECTOR 1.00 X 0 0 0 LARRY KELLEY DIRECTOR 1.00 X 0 0 0 LINDA DEOS DIRECTOR 1.00 X 0 0 0 LUCAS FRERICHS DIRECTOR 1.00 X 0 0 0 LUKE WOOD DIRECTOR 1.00 X 0 0 0 MARK NORIEGA DIRECTOR 1.00 X 0 0 0 MARY TEICHERT DIRECTOR 1.00 X 0 0 0 MATINA KOLOKOTRONIS DIRECTOR 1.00 X 0 0 0 MICHAEL GUYETTE DIRECTOR 1.00 X 0 0 0 MICHAEL KORPIEL DIRECTOR (THRU 9/12/24) 1.00 X 0 0 0 MICHAEL PASQUALE DIRECTOR 1.00 X 0 0 0 MICHAEL TEEL DIRECTOR 1.00 X 0 0 0 PAUL JOINER DIRECTOR (THRU 03/13/25) 1.00 X 0 0 0 PAUL LAU DIRECTOR 1.00 X 0 0 0 RACHAEL MCKINNEY DIRECTOR 1.00 X 0 0 0 RACHEL DOWNS DIRECTOR (THRU 09/12/24) 1.00 X 0 0 0 RACHEL RADELL-HARRIS DIRECTOR (THRU 03/13/25) 1.00 X 0 0 0 RACHEL ZILLNER DIRECTOR 1.00 X 0 0 0 REGINA CUELLER DIRECTOR 1.00 X 0 0 0 ROSARIO RODRIGUEZ DIRECTOR (THRU 03/13/25) 1.00 X 0 0 0 SABYA DAS DIRECTOR 1.00 X 0 0 0 SADIE ST LAWRENCE DIRECTOR 1.00 X 0 0 0 SANDY AMARA DIRECTOR 1.00 X 0 0 0 SARAH AQUINO DIRECTOR 1.00 X 0 0 0 SHERI PEIFER DIRECTOR 1.00 X 0 0 0 SIRI NELSON DIRECTOR 1.00 X 0 0 0 SIRI PULIPATI DIRECTOR 1.00 X 0 0 0 STEPHEN FLEMING DIRECTOR 1.00 X 0 0 0 STEVE PLEAU DIRECTOR 1.00 X 0 0 0 SUMAN AKULA DIRECTOR 1.00 X 0 0 0 TINA JOHNSON DIRECTOR 1.00 X 0 0 0 TOM STALLARD DIRECTOR 1.00 X 0 0 0 WENDY COHEN DIRECTOR 1.00 X 0 0 0 YANNIS ANGOURAS DIRECTOR 1.00 X 0 0 0 BARRY BROOME PRESIDENT & CEO 40.00 X 938244 0 21243 ADRIAN TROELS EXECUTIVE VICE PRESIDENT 40.00 X 226600 0 32362 BRITTANY JONES CHIEF PERFORMANCE OFFICER 40.00 X 218446 0 28738 JASMINE WARD VICE PRESIDENT OF MARKETIN 40.00 X 153113 0 24720 DANEA THOMAS DIRECTOR OF FINANCE & ADMI 40.00 X 132550 0 20744 LUCY ROBERTS DIRECTOR OF BUSINESS DEVELOPMENT 40.00 X 110294 0 14079 1779247 0 141886 6 0 1 0 0 255087 1007802 10643774 11906663 MEETINGS & EVENTS 900099 160118 160118 160118 244506 244506 103800 255087 386904 -283104 -283104 12028183 160118 0 -38598 247000 247000 1244705 1035313 111287 98105 1489921 1133140 262611 94170 77095 58616 12682 5797 195144 153011 27517 14616 150547 119074 20793 10680 58436 58436 32305 32305 29578 29578 255658 238057 3552 14049 352066 352066 102060 79465 16330 6265 111148 87911 15352 7885 145571 115138 20106 10327 277586 271867 3776 1943 350449 116310 234139 9268 7672 1054 542 20640 16325 2851 1464 EVENT SPONSOR 353951 352521 945 485 BAD DEBT 235000 235000 RESEARCH AND DATA PLATF 164583 162358 1470 755 MEMBERSHIPS AND PUBLICA 55806 55180 414 212 5958517 4836024 855198 267295 1664075 1662248 1113065 1336432 2673794 8338494 292719 180693 344434 309647 27930 34787 5883529 6464443 486979 314550 12142091 18331647 563156 520163 100000 29269 496621 358157 1159777 907589 X 8407314 9075906 2575000 8348152 10982314 17424058 12142091 18331647 6069666 372078 0 X 0 1 X 0 0 X 7382855 3538847 2621546 2384402 11906663 27834313 7382855 3538847 2621546 2384402 11906663 27834313 27834313 188532 84016 151770 353995 244506 1022819 331302 218015 549317 29406449 390793 0.94650 0.94270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PPP LOAN FORGIVENESS - 2020 AMOUNT: $ 331,302. EMPLOYEE RETENTION CREDIT - 2022 AMOUNT: $ 218,015. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 344434 309647 34787 34787 INVESTMENT - COMMON STOCK 50120 C MARKATABLE SECURITES - CHARLES SCHWAB ST 6414323 C 6464443 OPERATING LEASE LIABILITY 358157 358157 X 12757587 372078 386904 758982 11998605 29578 29578 12028183 6315843 386904 386904 5928939 29578 29578 5958517 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 386,904. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES - RECLASSED TO SCH G 386,904. ANNUAL DINNER 358887 255087 103800 130114 33792 222998 358887 255087 103800 130114 33792 222998 386904 -283104 0 CALIFORNIA MOBILITY CENTER 8351 LUZON AVE SACRAMENTO CA 95828 843095746 501(C)(3) 200000 0 DONATION IMPROVE YOUR TOMORROW 1901 ROYAL OAKS DR SACRAMENTO CA 95815 462981774 501(C)(3) 10000 0 SPONSORSHIP DONATION ALL ABOUT SACRAMENTO COMMUNITY FUND 1700 TRIBUTE RD SUITE 201 SACRAMENTO CA 95815 823048635 501(C)(3) 10000 0 DONATION SACRAMENTO CHILDRENS HOME 2750 SUTTERVILLE RD SACRAMENTO CA 95820 941156588 501(C)(3) 7000 0 SPONSORSHIP DONATION AGTECH INNOVATION ALLIANCE (AKA AGSTART) 1100 MAIN ST STE 300 WOODLAND CA 95695 813447079 501(C)(3) 10000 0 DONATION X X X 0 0 0 0 0 0 0 0 0 BARRY BROOME PRESIDENT & CEO 792163 0 146081 0 0 0 20700 0 543 0 959487 0 0 0 ADRIAN TROELS EXECUTIVE VICE PRESIDENT 202400 0 20600 0 3600 0 13433 0 18929 0 258962 0 0 0 BRITTANY JONES CHIEF PERFORMANCE OFFICER 191316 0 27130 0 0 0 13107 0 15631 0 247184 0 0 0 JASMINE WARD VICE PRESIDENT OF MARKETIN 139113 0 14000 0 0 0 9187 0 15533 0 177833 0 0 0 DANEA THOMAS DIRECTOR OF FINANCE & ADMI 120550 0 12000 0 0 0 7953 0 12791 0 153294 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.