EIN 68-0065873

3core

IRS 501(c) type
501(c)(3)
Num. employees
10
City
Year formed
1985
Most recent tax filings
2023-06-01
Description
3CORE serves as an intermediary to foster a stable and diversified local economy through public and private funds, improving social, economic and employment conditions while implementing sound long-term strategies. They address community needs while operating as a private not-for-profit corporation in rural northern California.
Total revenues
$4,523,229
2023
Total expenses
$3,613,338
2023
Total assets
$7,669,648
2023
Num. employees
10
2023

Program areas at 3core

Organization and Nature of Activities 3CORE, Inc. (the Corporation) is a private not-for-profit corporation organized and established in 1985 to serve the rural northern California region of Butte, Glenn, and Tehama and the cities therein. The specific purpose of the Corporation is to be an intermediary for public and private investments that foster a stable and diversified local economy, to improve social, economic, and employment conditions through collaborative partnerships and to implement a sound, long-term strategy that can address identified community needs through the private, public, and nonprofit organizations principally located within Butte, Glenn, and Tehama counties. The Corporation is a federally recognized Economic Development District (EDD), a state and federally certified Community Development Financial Institution (CDFI), and a licensed lender regulated by the California Department of Financial Protection and Innovation (DFPI). Services related to economic development are funded, in part, through various federal grants and matching funds provided by local jurisdictions. The Corporations revolving loan fund program provides financing to local businesses. The funds for the program are derived from various Economic Development Administration Grants, various local grant funds, local matching funds, various equity equivalent investment loans, and reinvestment of interest and loan fees. The Corporation also provides contract services, in part to local government units, related to obtaining and administering grant projects. During the current fiscal year, the Corporation administered various grant programs at the direction of local counties and cities to aid small businesses in recovery from the economic effects of the COVID-19 pandemic.

Grants made by 3core

GranteeGrant descriptionAmount
Gold Nugget DaysSeed Grant - Camp Fire$10,000
Butte County Youth Sports and Education FoundationSeed Grant - Camp Fire$10,000
Boys and Girls Clubs of the North ValleySeed Grant - Camp Fire$10,000

Personnel at 3core

NameTitleCompensation
Patty HessExecutive Director$91,831
Andrea CamposVice President$0
Marc NemanicExecutive Dir.$0
Star BrownVice President / Secretary$0
Alexa Benson-ValavanisVice President$0

Financials for 3core

RevenuesFYE 06/2023
Total grants, contributions, etc.$4,073,146
Program services$448,991
Investment income and dividends$1,092
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,523,229

Form 990s for 3core

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-27990View PDF
2022-062022-09-26990View PDF
2021-062021-11-10990View PDF
2020-062021-04-14990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s
Data update history
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 9, 2023
Updated personnel
Identified 1 new personnel
May 9, 2023
Received grants
Identified 1 new grant, including a grant for $123,824 from North Valley Community Foundation (NVCF)
March 1, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
2515 Ceanothus Ave 105
Chico, CA 95973
Metro area
Chico, CA
County
Butte County, CA
Website URL
3coreedc.org/ 
Phone
(530) 893-8732
IRS details
EIN
68-0065873
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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