2024-11-15T13:08:24-08:00 2023-12-31 204207759 Farber Hass Hurley LLP 300 E Esplanade Drive Suite 1400 Oxnard CA 93036 990 2023-01-01 770439585 ECONOMIC DEVELOPMENT COLLABORATIVE- VENTURA COUNTY ECON 8053841800 4001 MISSION OAKS BLVD A-1 CAMARILLO CA 93012 BRUCE STENSLIE President & CEO 2024-11-15 true true Sherwin Tolentino P01345520 8055048410 2023 2024-10-15 13:58:12Z 4001 MISSION OAKS BLVD A-1 CAMARILLO CA 93012 7716913 false X www.edc-vc.com X 1996 CA To promote local economic development, administer financial and loan programs, provide assistance in the retention and development of local business, facilitate cluster development, provide technical assistance and training, operate a variety of programs to assist defense dependent industries, and serve as an administartive body for the dissemination of information pertaining to community economic development. 35 35 23 0 1284002 3495554 2342350 3957139 5596 43146 219588 194363 3851536 7690202 0 0 1823260 2015372 0 16122 2176485 5445490 3999745 7460862 -148209 229340 13661843 15116656 9808780 10949053 3853063 4167603 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. false false 7182529 The Economic Development Collaborative-Ventura County (EDC-VC) is a public/privatepartnership that provides businesses with professional consulting, training andLending services to help business thrive and add jobs. For 2023:Our newest initiative is serving 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 management of a $5 million state grant to develop a regional resilience plan. In early 2024, the plan will guide the distribution of several million dollars in program implementation funds for the region.Our Ventura County Digital Upskilling Training Program has moved intensively into training delivery and additional markets. Made possible by Assemblymember Jacqui Irwin, this initiative includes partnerships with the Ventura County Adult Schools Consortium, Womens Economic Ventures and both national and local training organizations. Broadening our reach, were now partnering with the City of Goleta to access funds to deliver training in Santa Barbara County.Our collaboration with the County of Ventura continues to evolve, including partnerships with the Museum of Ventura County, Pacific Coast Business Times and the Ventura County Community Foundation in support of the Countys 150th Anniversary. Ventura County COVID-19 recovery resources fuel the outcomes of our advising and lending services, our FATHOMWERX Partnership, with commands at Navy Base Ventura County and the Port of Hueneme, and our partnership providing technical assistance to Early Child Education providers.Serving as fiscal agent and managing partner of the Broadband Consortium of the Pacific Coast, we guided the development of the Santa Barbara County Broadband Strategic Plan and now partner with the County of Santa Barbara for implementation. Weve also partnered with the Ventura County Council of Governments for developing a regional strategy in Ventura County.Finally, not least is our collaboration with the California Governors 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 $940,000 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. 7182529 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 42 0 true 23 true false false false false false false false 0 false false false false false false false false false false X 35 35 false false false false true true true true false false false true true true true true true true true false CA X X SHALENE HAYMAN 8053841800 4001 MISSION OAKS BLVD A-1 CAMARILLO CA 93012 BRUCE STENSLIE President & CEO 40.00 0.00 X 218671 0 53572 Jaime S Fall Director 40.00 0.00 184349 0 17965 RAY BOWMAN Director of Small Business Dev Cent 40.00 0.00 164651 0 22100 MARVIN BOATENG Dir of Lending 40.00 0.00 134634 0 7074 KELLY NOBLE Office Manager 40.00 0.00 105487 0 18432 Vivian P Vazquez Senior Associate 40.00 0.00 110123 0 4711 Monica E Estrella Grants/Cont. Mgr 40.00 0.00 97477 0 4245 Mike Blanda Board Member 0.50 0.00 X 0 0 0 KRISTIN DECAS Vice Chair 1.00 0.00 X X 0 0 0 AMY FONZO Board Member 0.50 0.00 X 0 0 0 NAN DRAKE Board Member 0.50 0.00 X 0 0 0 JEREMY GOLDBERG Board Member 0.50 0.00 X 0 0 0 HAROLD S EDWARDS Board Member 1.00 0.00 X 0 0 0 HENRY DUBROFF Board Member 0.50 0.00 X 0 0 0 GERHARD APFELTHALER PhD Board Member 0.50 0.00 X 0 0 0 SARAH MCLELLAND Board Member 0.50 0.00 X 0 0 0 SKYLER DITCHFIELD Board Member 0.50 0.00 X 0 0 0 CHRIS MEISSNER Board Member 0.50 0.00 X 0 0 0 CYNTHIA HERRERA Board Member 1.00 0.00 X 0 0 0 Peter Zierhut Sec'y/Treasurer 1.00 0.00 X X 0 0 0 CELINA ZACARIAS Board Member 0.50 0.00 X 0 0 0 Jeff Gorell Board Member 0.50 0.00 X 0 0 0 Janice Parvin Board Member 1.00 0.00 X 0 0 0 BOB ENGLER Board Member 1.00 0.00 X 0 0 0 SIM TANG-PARADIS Board Member 0.50 0.00 X 0 0 0 DAN REVETTO Board Member 0.50 0.00 X 0 0 0 Martita Martinez-Bravo Board Member 0.50 0.00 X 0 0 0 BARRY WOLFMAN Board Member 0.50 0.00 X 0 0 0 JEY LACEY Board Member 0.50 0.00 X 0 0 0 DANIEL GROFF Board Member 0.50 0.00 X 0 0 0 Albert Mendez Board Member 0.50 0.00 X 0 0 0 Rachel Lang Board Member 0.50 0.00 X 0 0 0 Bryan McDonald Board Member 0.50 0.00 X 0 0 0 MISTY PEREZ Board Member 1.00 0.00 X 0 0 0 JIM SCANLON Board Member 0.50 0.00 X 0 0 0 ALEX SCHNEIDER Board Member 0.50 0.00 X 0 0 0 TRACE STEVENSON Board Member 0.50 0.00 X 0 0 0 Pedro Chavez Board Member 0.50 0.00 X 0 0 0 Joe Schroeder Board Member 0.50 0.00 X 0 0 0 DEE DEE CAVANAUGH Chair 1.00 0.00 X X 0 0 0 STEPHANIE CALDWELL Board Member 0.50 0.00 X 0 0 0 TRACY PEREZ Board Member 0.50 0.00 X 0 0 0 1015392 128099 6 false true false ANTHONY CURTIS ELLIOTT 2470 STEARNS ST 275 SIMI VALLEY CA 93063 Finance Consultant 104044 Shelby Arthur Consulting LLC 2880 Grand Ave 513 Los Olivos CA 93441 CONSULTING 125803 Xopolis LLC 12471 Manderley Way Herndon VA 20171 CONSULTING 198000 Solvang Chamber of Commerce 485 Alisal Road Suite 245 Solvang CA 93463 CONSULTING 124135 Deloitte Transactions & Business 555 W 5th Street 2700 Los Angeles CA 90013 CONSULTING 219559 5 3236887 258667 3495554 Other Program Revenue 177151 177151 Program Revenue 3779988 3779988 3957139 43146 43146 0 0 7789 7789 7789 7789 0 5540 26711 -21171 0 0 Loan Recoveries 3670 3670 Local Gov't Board Dues 79200 79200 Local Private Board Dues 124875 124875 207745 7690202 258680 3957139 X 0 0 0 0 458993 437605 21388 0 1233237 1175772 57465 44835 42251 2584 150333 141670 8663 127974 120599 7375 0 18321 7945 10376 34650 26000 8650 0 0 0 3421798 3414329 7469 131377 117346 325 13706 122920 118266 3930 724 18154 17084 1070 0 153924 113964 39960 0 0 0 28586 28586 0 0 21175 18872 2303 PROGRAM EXPENSES 839688 839688 INSTRUCTION 123112 123112 IN-KIND 85200 56000 29200 TELEPHONE & FAX 76923 72059 4864 369662 311381 56589 1692 7460862 7182529 262211 16122 7903840 6105330 0 1425091 2178999 69817 413217 0 0 3688319 4628151 0 58273 61180 25599 15956 12901 9643 0 0 0 0 503602 1720136 13661843 15116656 241424 1153879 201738 178077 4726666 6351440 4638952 3265657 9808780 10949053 X 3353703 3668243 499360 499360 3853063 4167603 13661843 15116656 229340 85200 X false true X true true true X 1827219 2462869 3151076 3447079 7275542 18163785 0 0 1827219 2462869 3151076 3447079 7275542 18163785 0 18163785 1276 599 1523 5596 43146 52140 0 475592 817510 616217 372473 381226 2663018 20878943 94772 0.87000 0.80880 X 25599 15956 9643 9643 INTEREST RECEIVABLE 18077 REFUNDABLE DEPOSITS 11097 RIGHT OF USE ASSET 1690962 1720136 LEASE LIABILITY 72681 PAYROLL LIABILITIES 116534 REFUNDABLE ADVANCE 3076442 3265657 7775402 85200 85200 7690202 7690202 7546062 85200 85200 7460862 7460862 X false false false false false false false false false BRUCE STENSLIE President & CEO 218671 53572 272243 Jaime S Fall Director 184349 17965 202314 RAY BOWMAN Director of Small Business Dev Cent 164651 22100 186751 Form 990, Part VI, Section A, Line 6 Board of Directors: 12 Public and 25 Private Form 990, Part VI, Section A, Line 7a Board of directors adopts recommendations from committee level or staff. Form 990, Part VI, Section A, Line 7b Executive board meets and sends recommendations to the board of directors for approval. Form 990, Part VI, Section A, Line 8b Brown Act Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the president/CEO and the excutive committee of the board of directors prior to filing. Form 990, Part VI, Section B, Line 12c Annual review by agenda item at full board meeting. Form 990, Part VI, Section B, Line 15a Annual review by the executive committee as state in the bylaws. Form 990, Part VI, Section B, Line 15b For the President's position, the Board of Directors, through the Executive Committee, reviews performance and reviews comparatives on executive pay within the professional economic development community. The ad hoc committee's recommendation for compensation is reviewed by the executive committee and acted on by the full board. For other staff, the Board (per adopted personnel policy and the president's contract) directs the President to complete annual personnel/performance reviews with each staff. The board adopts a budget that includes personnel costs; the President has the authority to set compensation within the budget limits for staff. Form 990, Part VI, Section C, Line 19 Documents and policies are available upon request. Financial statements are published monthly to the public at board meetings.