2024-05-08T11:09:27-05:00 2023-06-30 680037990 GILBERT CPAS 2880 GATEWAY OAKS DR STE 100 SACRAMENTO CA 95833 990 2022-07-01 680387718 CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT CALI 9164488252 2150 RIVER PLAZA DRIVE 275 SACRAMENTO CA 95833 GURBAX SAHOTA EXECUTIVE DIRECTOR 9164488252 2024-05-04 1 GURBAX SAHOTA 999009999 0 AMANDA H WILLIAMS P01281212 9166466464 2024-05-04 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z GURBAX SAHOTA 2150 RIVER PLAZA DRIVE 275 SACRAMENTO CA 95833 233292 0 X WWW.EDACADEMY.ORG X 1998 CA TO PROMOTE LOCAL ECONOMIC DEVELOPMENT IN CALIFORNIA. 10 10 0 10 0 0 289375 196066 99566 37157 50 69 0 0 388991 233292 0 0 0 0 14032 0 0 0 10000 366630 227374 380662 227374 8329 5918 635586 622295 76963 57754 558623 564541 DEVOTED TO CAREER TRAINING, COMMUNITY EDUCATION AND RESEARCH. BY EMPHASIZING INNOVATION AS WELL AS TESTED METHODS, WE STRIVE TO EDUCATE ECONOMIC DEVELOPERS AND COMMUNITIES ON BEST PRACTICES TO GROW HEALTHY & VIBRANT COMMUNITIES. 0 0 20853 27350 CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING IDENTIFYING BEST PRACTICES, PARTNERING WITH LOCAL GOVERNMENT OFFICIALS, AND SUPPORTING AN ANNUAL ECONOMIC DEVELOPMENT CONFERENCE/TRAINING. 139285 9807 THE OUTSMART DISASTER CAMPAIGN WAS DESIGNED BY CALIFORNIA'S BUSINESS CONSUMER SERVICES AND HOUSING AGENCY (BCSH) TO COMMUNICATE RISKS, PROVIDE RESOURCES, AND CALL TO ACTION BUSINESSES AND ORGANIZATIONS WITH THE GOAL OF COLLECTIVELY BECOMING MORE PREPARED TO REDUCE DAMAGES AND SPEED UP BUSINESS RECOVERY IN CALIFORNIA. WITH THE HELP OF THE STATE OF CA'S PARTNER, THE CALIFORNIA ACADEMY FOR ECONOMIC DEVELOPMENT (THE ACADEMY), THE GOAL OF THE CAMPAIGN IS TO ASSIST INTERESTED PARTICIPANTS IN THEIR ENDEAVOR TO BECOME RESILIENT. THE ACADEMY HAS A CONTRACT WITH THE STATE OF CA TO SERVE AS THE FISCAL AGENT AND MANAGING ENTITY FOR THE PROGRAM. 160138 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X ACCOUNTANT 9164488252 2150 RIVER PLAZA DRIVE 275 SACRAMENTO CA 95833 KEVIN HAM CHAIRMAN 3.00 X X 0 0 0 BRUCE STENSLIE SEC/TREASURER 2.00 X X 0 0 0 LARRY VAUPEL DIRECTOR 1.00 5.00 X 0 0 0 AARON LAUREL DIRECTOR 1.00 3.00 X 0 0 0 CHRISTINE DAMKO DIRECTOR 1.00 3.00 X 0 0 0 ROBERT MORAN DIRECTOR 1.00 1.00 X 0 0 0 DAVID LYMAN DIRECTOR 1.00 X 0 0 0 MARGARET SILVEIRA DIRECTOR 1.00 X 0 0 0 CARRIE ROGERS DIRECTOR 1.00 X 0 0 0 JASON CARWFORD DIRECTOR 1.00 X 0 0 0 GURBAX SAHOTA EXECUTIVE DIRECTOR 10.00 30.00 X 0 208072 18000 0 208072 18000 0 0 1 0 0 100000 96066 196066 REGISTRATION INCOME 900099 27350 27350 ACE FEES 900099 9807 9807 37157 69 69 233292 37157 0 69 50000 40000 10000 14280 14280 3377 3377 438 438 20853 20853 2195 2195 PROJECT EXPENSES 126341 126341 COMPENSATION REIMBURSEM 9129 9129 BANK FEES 761 761 227374 160138 57236 10000 487057 527570 50406 50475 96679 42697 50 1444 1503 635586 622295 65263 6036 11700 8000 0 43718 76963 57754 X 134039 455355 424584 109186 558623 564541 635586 622295 5918 0 X 0 0 0 X 79999 630500 250000 289375 196066 1445940 79999 630500 250000 289375 196066 1445940 813201 632739 271 226 89 50 69 705 1446645 300181 0.43740 0.35670 X PART II, SECTION A, LINE 1(B) WE UPDATED THE AMOUNT REPORTED TO INCLUDE A GRANT THAT WAS PREVIOUSLY TREATED AS UNUSUAL GRANT (JP MORGAN) IN 2019. WE WILL INCLUDE THIS AMOUNT IN SCH A CONTRIBUTIONS AND WITH THE OTHER EXCESS CONTRIBUTORS MOVING FORWARD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED ORGANIZATION CALED 43718 43718 0 0 0 0 0 0 0 0 0 GURBAX SAHOTA EXECUTIVE DIRECTOR 0 208072 0 0 0 0 0 12000 0 6000 0 226072 0 0 PART I, LINE 3 ALL COMPENSATION IS PAID THROUGH RELATED ORGANIZATION CALED. EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE CALED EXECUTIVE COMMITTEE AND IS DETERMINED BASED ON PERFORMANCE AND A REVIEW OF NON-PROFIT SALARY SURVEY DATE - WE USE AN INDEPENDENT 3RD PARTY SALARY SURVEY REPORT AS A BENCHMARK. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING. ONCE THE RETURN HAS BEEN FILED, IT IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF CALED WILL REVIEW EACH STATEMENT OF DISCLOSURE FOR ANY SET OF FACTS OR CIRCUMSTANCES THAT MAY REFLECT AN ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST. THE EXECUTIVE COMMITTEE MAY REQUEST THE ASSISTANCE OF LEGAL COUNSEL OR STAFF TO IDENTIFY POTENTIAL CONFLICTS. WHEN EVALUATING A PARTICULAR SET OF FACTS OR CIRCUMSTANCES, THE EXECUTIVE COMMITTEE SHALL CONSIDER THE FOLLOWING NONEXHAUSTIVE LIST OF FACTORS THAT MAY INDICATE A CONFLICT OF INTEREST: - SOLICITATION OR ACCEPTANCE OF GIFTS OR OTHER ITEMS OF VALUE THAT MAY CREATE AN APPEARANCE OR EXPECTATION OF SPECIAL TREATMENT IN CALED MATTERS; - ANY INCIDENT OF ABUSE OR MISUSE OF A LEADERSHIP POSITION FOR PERSONAL OR THIRD-PARTY GAIN OR BENEFIT; - SITUATIONS IN WHICH A DIRECTOR, OFFICER, OR KEY EMPLOYEE MAY BE DIVIDED BETWEEN PERSONAL INTERESTS OR THE INTERESTS OF ANOTHER ORGANIZATION AND THE BEST INTERESTS OF CALED; - BUSINESS, PROFESSIONAL, OR OTHER ACTIVITIES THAT WOULD MATERIALLY AND ADVERSELY AFFECT CALED EITHER DIRECTLY OR INDIRECTLY; AND, - ANY ARRANGEMENT IN WHICH A DIRECTOR, OFFICER, OR KEY EMPLOYEE PROVIDES GOODS OR SERVICES TO CALED AS A PAID VENDOR. THE EXECUTIVE COMMITTEE MAY REQUEST ADDITIONAL INFORMATION FROM ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE AT ANY TIME; HOWEVER, NO INDIVIDUAL WHOSE RELATIONSHIPS OR ACTIVITIES ARE UNDER REVIEW MAY PARTICIPATE IN DELIBERATIONS, DEBATE, OR ANY VOTE OF THE EXECUTIVE COMMITTEE WHILE SUCH REVIEW IS PENDING. IF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF CALED IDENTIFIES AN ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST, IT MAY TAKE ONE OF THE FOLLOWING ACTIONS TO RESOLVE SUCH CONFLICT: - WAIVE THE CONFLICT OF INTEREST AS UNLIKELY TO AFFECT THE DIRECTOR'S, OFFICER'S, OR KEY EMPLOYEE'S ABILITY TO ACT IN THE BEST INTERESTS OF THE ORGANIZATION; - DETERMINE THAT THE INDIVIDUAL DIRECTOR OR OFFICER SHOULD BE RECUSED FROM ALL DELIBERATION AND DECISION-MAKING RELATED TO THE PARTICULAR TRANSACTION OR RELATIONSHIP THAT GIVES RISE TO THE CONFLICT OF INTEREST. THIS COURSE OF ACTION SHOULD APPLY PARTICULARLY WHEN THE TRANSACTION OR RELATIONSHIP IS ONE WHICH PRESENTS A CONFLICT ONLY WITH RESPECT TO ONE OR TWO DISCRETE PROGRAMS OR ACTIVITIES; OR - DETERMINE THAT THE INDIVIDUAL DIRECTOR OR OFFICER MUST RESIGN FROM HIS OR HER SERVICE TO CALED. THIS COURSE OF ACTION SHOULD APPLY WHEN THE CONFLICT OF INTEREST IS SO PERVASIVE THAT THE DIRECTOR OR OFFICER WOULD LIKELY SELDOM, IF EVER, BE ABLE TO ACT SOLELY IN THE BEST INTERESTS OF THE ORGANIZATION. THE BOARD OF DIRECTORS OF CALED RESERVES FINAL AUTHORITY OVER THE RESOLUTION OF ALL CONFLICTS OF INTEREST INVOLVING A DIRECTOR OR OFFICER OF CALED. THE BOARD OF DIRECTORS MAY OVERRULE ANY DECISION OF THE EXECUTIVE COMMITTEE WITH REGARDS TO ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST, AND THE EXECUTIVE COMMITTEE MAY REFER ANY SUCH MATTER TO THE BOARD OF DIRECTORS AT ANY TIME. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND APPROVAL BY THE BOARD OF DIRECTORS. CA ASSOCIATION FOR LOCAL ECONOMIC DEVELOPMENT 2150 RIVER PLAZA DRIVE 275 SACRAMENTO CA 95833 942645503 TO PROMOTE ECONOMIC DEVELOPMENT IN CA CA 501(C)(6) N/A N/A 0 CA ENTERPRISE DEVELOPMENT AUTHORITY 2150 RIVER PLAZA DRIVE 275 SACRAMENTO CA 95833 352273601 TO ADDRESS GAPS IN ECONOMIC DEVELOPMENT FINANCING CA 115(1) N/A CA ASSOCIATION FOR LOCAL ECONOMIC DEVELOPMENT 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 CEDA C 100000 SEE SUPPLEMENTAL PART V, QUESTION 2, LINE (1)(D) CEDA'S BOARD OF DIRECTORS CONTRIBUTES FUNDING IN FURTHERANCE OF ECONOMIC DEVELOPMENT IN CALIFORNIA. SPECIFICALLY, THE CONTRIBUTION AMOUNT IS BASED ON THE ACADEMY'S WORK PROGRAM, HIGHLIGHTING HOW IT WILL SUPPORT ECONOMIC DEVELOPMENT IN CALIFORNIA.