EIN 91-1790564

Solano EDC

IRS 501(c) type
501(c)(6)
Num. employees
10
Year formed
1997
Most recent tax filings
2023-06-01
NTEE code, primary
Description
To positively impact the economic growth of Solano County by maintaining & enhancing a competitive location for businesses to expand & locate, providing direct service to scale local traded sector industries, attracting new jobs & investment, & connec...
Also known as...
Solano Economic Devco Corporation
Total revenues
$1,343,844
2023
Total expenses
$1,260,140
2023
Total assets
$150,411
2023
Num. employees
10
2023

Program areas at Solano EDC

Solano Business First! is a network of all cities and partner organizations dedicated to reaching out and assisting existing companies in their cities by connecting them with specific resources, information, and services. Resources and services are available to assist businesses with expansions, address economic difficulties, access local, state and federal incentives and with assistance to help the company be more competitive in the broader marketplace.
As a Resource hub, the EDC provides demographic reports for special areas of interest, including information on available workforce, water rates, major employers, and occupations. For companies seeking business financing, the EDC will (1) Make referrals to agencies to assist with loan guarantees, direct financing, SBA loan packages, equipment and real estate financing and Industrial Development Bonds. (2) Assist businesses using recycled materials or diverting materials from the waste stream with Californias Recycling Market Development Zone Loan Program; and (3) Assist with project development infrastructure program financing partnered with a local city.
Confidential Site Location Assistance: Solano EDC works on a confidential basis with companies seeking to identify sites or buildings in the county, provides proposals and data per their request for location-decision evaluation, and will coordinate site tours. Once a company has identified specific sites that meet their needs, the City Economic Development representative will provide primary assistance, with the EDC continuing to provide data on workforce or access to programs to assist with location.

Who funds Solano EDC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Sutter Valley Hospitals$25,000
Valley Strong CuTo Assist in the Growth, and Retainment of Business and Industry in Solano County.$12,500

Personnel at Solano EDC

NameTitleCompensation
Christopher E RicoPresident and Chief Executive Officer$184,994
J Paul HarringtonProgram Manager$128,283
Sean P QuinnPast Interim President and Chief Executive Officer / Director$45,025
Albert LavezzoSecretary$0
Kevin MillerTreasurer$0
...and 2 more key personnel

Financials for Solano EDC

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$1,334,397
Investment income and dividends$6
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$6,783
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,658
Total revenues$1,343,844

Form 990s for Solano EDC

Fiscal year endingDate received by IRSFormPDF link
2023-062023-12-04990View PDF
2022-062022-12-25990View PDF
2021-062021-12-03990View PDF
2020-062021-06-07990View PDF
2019-062019-11-08990View PDF
...and 10 more Form 990s
Data update history
February 4, 2024
Updated personnel
Identified 18 new personnel
February 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $25,000 from Sutter Valley Hospitals
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 8, 2023
Updated personnel
Identified 18 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsFundraising eventsState / local levelFundraising races, competitions, and tournaments
General information
Address
5050 Business Dr
Fairfield, CA 94534
Metro area
Vallejo, CA
County
Solano County, CA
Website URL
solanoedc.org/ 
Phone
(707) 864-1855
IRS details
EIN
91-1790564
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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