ECONOMIC DEVELOPMENT COLLABORATIVE- VENTURA COUNTY

EIN: 770439585 501(c)(3) Community Improvement

CAMARILLO, CA

Total Revenue
$8,553,742
Total Expenses
$8,375,903
Total Assets
$15,009,671
Net Assets
$4,460,857
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CA
Phone
8053841800
Tax Period
2024-01-01 to 2024-12-31

ECONOMIC DEVELOPMENT COLLABORATIVE- VENTURA COUNTY, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

The EDC creates empowered business owners, connected community partners and informed civic leaders in the greater Ventura and Santa Barbara County region. Established in 1996, we are a 501(c)3 non-profit public/private partnership corporation, dedicated to growing the regions economy. Our vision is for stewarding a strong and healthy Ventura and Santa Barbara regional economy with a high quality of life and broadly shared opportunities.

Program Service Accomplishments

Program 1
Expenses: $8,117,761

The Economic Development Collaborative-Ventura County (EDC-VC) is a public/privatepartnership that provides businesses with professional consulting, training and lending services to help business...

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The Economic Development Collaborative-Ventura County (EDC-VC) is a public/privatepartnership that provides businesses with professional consulting, training and lending services to help business thrive and add jobs. For 2024:"Continuing to serve as fiscal agent and co-convener of Uplift Central Coast. Shaping an equitable recovery from COVID-19, this partnership draws us into dialogue with all manner of stakeholders across the Central Coast. That dialogue provides guidance to our current distribution of $9 million in state "Catalyst" grants to promote an equitable regional economic recovery. "Our Ventura County Digital Upskilling Training Program continues on two main fronts: a partnership with the Ventura County Adult Schools Consortium, for computer basics training, and a "Get Your Small Business Online" curriculum for entrepreneurs and small business owners, in collaboration with Women's Economic Ventures. This Digital Upskilling initiative is a pilot project with online replication toolkits available to other workforce and economic development training organizations."Our collaboration and participation in FATHOMWERX continues, in partnership with commands at Navy Base Ventura County, the Port of Hueneme and MatterLabs, serving as a public/private laboratory, community , and resource for technological innovation, striving to fuse small and non-traditional companies, academic institutions and other Department of Defense stakeholders together to work on the most challenging problems in miliary, port and maritime domains."Continuing partnership in support of Early Child Education, promoting a broad and stable early care ecosystem, including technical assistance and lending contributing to vibrant and competitive home-based and child care center businesses, and, especially, the highest quality care for children and support networks for working parents. Key initiatives and partnerships include the Isabella project-involving a broad coalition of partners committed to a pilot project to make highest-quality early childhood education available to 100% of 0- to 5-year-olds in the community of Santa Paula-and `the "Shared Services Alliance," a partnership with First 5 Ventura County, the County Office of Education and Child Development Resources of Ventura County."Serving as fiscal agent and managing partner of the Broadband Consortium of the Pacific Coast, in partnership with the Ventura Council of Governments developed the Ventura County Regional Broadband Initiative and Last Mile Connections Framework and continue to partner with the County of Santa Barbara for its regional plan implementation. "Finally, we continue our collaboration with the California Governor's Office of Business and Economic Development (GO-Biz):oThe GO-Biz Office of the Small Business Advocate designated EDC as an Accelerate CA: Inclusive Innovation Hub providing $1 million over four years to support technology-based firms and expanding opportunities for women and minority-owned businesses.oEDC was awarded some $900,000 to augment our federal U.S. Small Business Administration funding, helping to assure we maintain our high level of services as we recover from the pandemic.oOur lending programs and borrowers benefitted from nearly $3 million in loan guarantees from the GO-Biz Infrastructure and Economic Development Bank.oIn our role as the Ventura County Film Commission, we serve as an extension of the California Film Commission, also an office within GO-Biz.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,148,945
Program Service Revenue $3,251,935
Investment Income $7,444
Other Revenue $145,418
TOTAL REVENUE $8,553,742

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,131,767
Fundraising Expenses $10,239
Program Expenses $8,117,761
Other Expenses $6,244,136
TOTAL EXPENSES $8,375,903

Year-over-Year Comparison

2024 2023 Change
Revenue $8,553,742 $7,690,202 +0.1%
Expenses $8,375,903 $7,460,862 +0.1%
Net Income $177,839 $229,340 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
31
Independent Members
30
Employees
21
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$269,279
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE STENSLIE President & CEO 40.00
Officer
$224,058 $45,221 $269,279
Jaime S Fall Director 40.00
$182,864 $28,045 $210,909
RAY BOWMAN Director of Small Business Dev Cent 40.00
$174,705 $33,157 $207,862
KELLY NOBLE Office Manager 40.00
$111,764 $18,575 $130,339
Monica E Estrella Grants/Cont. Mgr 40.00
$119,360 $1,028 $120,388
TRACIE A SCHNEIDER Comm Manager 40.00
$103,193 $8,159 $111,352
Jim Eubanks Board Member 0.50
Director
$0 $0 $0
KRISTIN DECAS Chair 1.00
Officer Director
$0 $0 $0
AMY FONZO Board Member 0.50
Director
$0 $0 $0
NAN DRAKE Board Member 0.50
Director
$0 $0 $0
JEREMY GOLDBERG Board Member 0.50
Director
$0 $0 $0
HAROLD S EDWARDS Board Member 0.50
Director
$0 $0 $0
HENRY DUBROFF Board Member 0.50
Director
$0 $0 $0
Ursula Moran Board Member 0.50
Director
$0 $0 $0
SARAH MCLELLAND Board Member 0.50
Director
$0 $0 $0
CHRIS MEISSNER Board Member 0.50
Director
$0 $0 $0
CYNTHIA HERRERA Board Member 0.50
Director
$0 $0 $0
Peter Zierhut Sec'y/Treasurer 1.00
Officer Director
$0 $0 $0
CELINA ZACARIAS Board Member 0.50
Director
$0 $0 $0
Jeff Gorell Board Member 0.50
Director
$0 $0 $0
Janice Parvin Board Member 0.50
Director
$0 $0 $0
BOB ENGLER Vice Chair 1.00
Officer Director
$0 $0 $0
SIM TANG-PARADIS Board Member 0.50
Director
$0 $0 $0
Martita Martinez-Bravo Board Member 0.50
Director
$0 $0 $0
DANIEL GROFF Board Member 0.50
Director
$0 $0 $0
Albert Mendez Board Member 0.50
Director
$0 $0 $0
Rachel Lang Board Member 0.50
Director
$0 $0 $0
Bryan McDonald Board Member 0.50
Director
$0 $0 $0
MISTY PEREZ Board Member 0.50
Director
$0 $0 $0
JIM SCANLON Board Member 0.50
Director
$0 $0 $0
ALEX SCHNEIDER Board Member 0.50
Director
$0 $0 $0
TRACE STEVENSON Board Member 0.50
Director
$0 $0 $0
Pedro Chavez Board Member 0.50
Director
$0 $0 $0
Joe Schroeder Board Member 0.50
Director
$0 $0 $0
DEE DEE CAVANAUGH Board Member 0.50
Director
$0 $0 $0
STEPHANIE CALDWELL Board Member 0.50
Director
$0 $0 $0
TRACY PEREZ Board Member 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $8,553,742 $8,375,903 $15,009,671 $177,839
2023 $7,690,202 $7,460,862 $15,116,656 $229,340
2022 $3,851,536 $3,999,745 $13,661,843 $-148,209
2021 $3,790,106 $3,700,849 $6,956,185 $89,257
2020 $3,301,035 $3,208,876 $6,862,371 $92,159
2019 $2,319,665 $2,413,885 $6,001,778 $-94,220
2018 $1,811,413 $1,768,106 $5,928,028 $43,307
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