Greater Sacramento Area Economic Council FY2021 filing

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A public-private partnership to retain, attract and create sustainable businesses in six counties.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5517841) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $1.5M a year · 23% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 36% of spending
Pay to officers and key staff is 36% of spending.
Part VII, Section A
22.2 mo
of spending, in cash
22.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $174K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$301K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
74
of 74 voting members
74 of 74 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$7.9M
-12% vs prior year
Spent
$4.1M
To programs
85%
Net assets
$16.4M
By yearFY2020–FY2025
Revenue
$7.9M
FY2021▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.0M
FY2021$7.9M
FY2022$3.5M
FY2023$2.9M
FY2024$2.7M
FY2025$12.0M
Expenses
$4.1M
FY2021▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$4.1M
FY2022$4.7M
FY2023$4.8M
FY2024$5.1M
FY2025$6.0M
Net assets
$16.4M
FY2021▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.6M
FY2021$16.4M
FY2022$15.2M
FY2023$13.4M
FY2024$11.0M
FY2025$17.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $3.5M Management & general 11% · $448K Fundraising 4% · $151K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

94 people listed on the 990; $1.5M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$726,100Pt VII · Sec A
Executive Vice President
$225,185Pt VII · Sec A
$196,100Pt VII · Sec A
Chief of Staff
$164,167Pt VII · Sec A
Vp,business Development
$155,255Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Community Advocacy Director
$0Pt VII · Sec A

Barry Broome’s $938K as President & CEO is at the 94th percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Barry Broome$938,244$800,526$769,987$728,573$726,100$810,786
Danielle Casey————$225,185$234,100
Adrian Troels$226,600$202,300$157,876———
Brittany Jones$218,446$195,384$184,001$180,501$164,167$131,300
Michael Scott Powell——$216,323$206,600$196,100—
Michelle Willard—$170,520$163,125$148,833——
Matthew Miller——$160,250$140,500——
Nick Baldi————$155,255—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Greater Sacramento Area Economic Council executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Drives regional economic growth by attracting, retaining, and expanding sustainable businesses across six counties through global recruitment and public-private partnerships.

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2 programs · $3.5M · in their own filed words · FY2020
01

General Programming

Gsec built a statewide and national reputation with the #nextoutwest talent attraction campaign. The campaign reached more than 8 million people and landed national news features in CNBC, bloomberg and others, further bolstering greater sacramento as a destination for both talent and employers.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5517841) · Dispute this line
$2.7Mprogram expense
02

Digital Upskill Program

Gsec developed a digital upskilling program for those affected by the COVID-19 pandemic. More than 5,000 people applied for the 40 openings once the program was announced. Participants who completed the program received a digital certification in it support or advanced data analytics.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5517841) · Dispute this line
$832Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$174K
See all 3 funders →
Grants paid · 21 grants · $989K · 2020–2024
Agtech Innovation AllianceCA · FY2024$10,000
Improve Your Tomorrow INCCA · FY2024$10,000
Sacramento Childrens HomeCA · FY2024$7,000
Fourthwave Foundation INCCA · FY2023$30,000
Fourthwave Foundation INCCA · FY2022$45,000
Calstart INCCA · FY2022$21,050
Safe Credit UnionCA · FY2022$10,000
The Leukemia & Lymphoma Society Central Valley RegNY · FY2022$10,000
Fourthwave Foundation INCCA · FY2021$15,000
See all 21 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.9M
Ln 12
Gifts and grantsLn 1h$7.4M
Other incomeLn 4–11$432K
Investment incomeLn 3$78K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.5M
Managementcol C$448K
Fundraisingcol D$151K
Owns and owesPt X
$16.4M
net assets · Ln 32
Cash and savingsLn 1–2$7.6M
Total assetsLn 16$16.7M
LiabilitiesLn 26$301K
PeoplePt VI, VII
94
listed · VII A
PaidVII A5
Voting boardVI 1a74
IndependentVI 1b74
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.4M
Government grantsLn 1e$1.7M
Fundraising eventsLn 1c$25K
Investment incomeLn 3$78K
Other incomeLn 4–11$432K
Total revenueLn 12$7.9M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$6.1M
Cash and savings togetherLn 1–2$7.6M
Pledges and grants receivableLn 3$8.7M
Prepaid expenses and deferred chargesLn 9$180K
Land, buildings, equipmentLn 10c$140K
InvestmentsLn 11–13$40K
Intangible assetsLn 14$13K
Other assetsLn 15$14K
Total assetsLn 16$16.7M
LiabilitiesLn 26$301K
Net assetsLn 32$16.4M
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.5M$7.6M
InvestmentsLn 11–13$40K
Land, buildings, equipmentLn 10c$180K$140K
Total assetsLn 16$13.2M$16.7M
LiabilitiesLn 26$526K$301K
Net assetsLn 32$12.6M$16.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$426K$426K
Pay of officers and key staff (Part IX, line 5)Ln 5$836K$641K$121K$74K
Other salaries and wagesLn 7$1.1M$945K$142K$29K
Pension plan contributionsLn 8$64K$52K$8K$3K
Other employee benefitsLn 9$117K$94K$16K$6K
Payroll taxesLn 10$119K$96K$16K$6K
Legal feesLn 11b$32K$7K$25K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$449K$440K$7K$3K
Advertising and promotionLn 12$66K$65K$442
Office expensesLn 13$86K$68K$13K$5K
Information technologyLn 14$260K$241K$13K$5K
OccupancyLn 16$301K$245K$41K$16K
TravelLn 17$4K$4K$19$7
Conferences, conventions and meetingsLn 19$5K$172$5K
Depreciation, depletion and amortizationLn 22$68K$54K$12K$3K
InsuranceLn 23$20K$17K$3K$1K
Other expenses (24a–d)Ln 24$112K$111K$360$141
Total functional expensesLn 25$4.1M$3.5M$448K$151K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 3, 2026 $12.0M$6.0M$6.1M$17.4M 990 PDF
FY2024Filed with the IRS May 1, 2025 $2.7M$5.1M−$2.5M$11.0M 990 PDF
FY2023Filed with the IRS Mar 7, 2024 $2.9M$4.8M−$1.9M$13.4M 990 PDF
FY2022Filed with the IRS Feb 16, 2023 $3.5M$4.7M−$1.2M$15.2M 990 PDF
FY2021 ViewingFiled with the IRS Jan 28, 2022 $7.9M$4.1M$3.8M$16.4M 990 PDF
FY2020Filed with the IRS Jan 15, 2021 $9.0M$4.5M$4.5M$12.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2021 990
Part I · Summary $7,892,758 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,907,420$7,382,855
I-9 Program service revenuePrior year $1,409$0
I-10 Investment incomePrior year $68,475$78,312
I-11 Other revenuePrior year $27,481$431,591
I-12 Total revenuePrior year $9,004,785$7,892,758
I-13 Grants and similar amounts paidPrior year $0$425,582
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,874,517$2,250,851
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,636,399$1,428,625
I-18 Total expensesPrior year $4,510,916$4,105,058
I-19 Revenue less expensesPrior year $4,493,869$3,787,700
Part VI · Governance 74 of 74 board members independent, no flags
VI-1a Voting members of the governing body74
VI-1b Independent voting members74
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,892,758 across 9 lines filed
VIII-1c Fundraising events$24,690
VIII-1e Government grants$1,711,396
VIII-1f All other contributions, gifts and grants$5,646,769
VIII-1h Total contributions, gifts and grants$7,382,855
VIII-3 Investment incomeExcluded from tax $78,312$78,312
VIII-6 Net rental income or lossExcluded from tax $110,220$110,220
VIII-8 Net income from fundraising eventsExcluded from tax −$9,931−$9,931
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $331,302$331,302
VIII-12 Total revenueRelated to mission $331,302 · Unrelated business $0 · Excluded from tax $178,601$7,892,758
Part IX · Statement of functional expenses $4,105,058 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $425,582$425,582
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $641,282 · Management $120,836 · Fundraising $74,374$836,492
IX-7 Other salaries and wagesPrograms $944,864 · Management $142,105 · Fundraising $28,722$1,115,691
IX-8 Pension plan contributionsPrograms $52,273 · Management $8,497 · Fundraising $2,768$63,538
IX-9 Other employee benefitsPrograms $94,318 · Management $15,881 · Fundraising $6,306$116,505
IX-10 Payroll taxesPrograms $96,295 · Management $16,060 · Fundraising $6,270$118,625
IX-11b Legal feesPrograms $7,025 · Management $24,659$31,684
IX-11c Accounting feesManagement $25,298$25,298
IX-11g Other fees for servicesPrograms $439,658 · Management $6,740 · Fundraising $2,631$449,029
IX-12 Advertising and promotionPrograms $65,205 · Management $442$65,647
IX-13 Office expensesPrograms $67,972 · Management $13,086 · Fundraising $4,622$85,680
IX-14 Information technologyPrograms $241,231 · Management $13,399 · Fundraising $5,231$259,861
IX-16 OccupancyPrograms $244,575 · Management $40,790 · Fundraising $15,925$301,290
IX-17 TravelPrograms $4,153 · Management $19 · Fundraising $7$4,179
IX-19 Conferences, conventions and meetingsPrograms $172 · Management $5,155$5,327
IX-22 Depreciation, depletion and amortizationPrograms $53,661 · Management $12,069 · Fundraising $2,560$68,290
IX-23 InsurancePrograms $16,545 · Management $2,759 · Fundraising $1,077$20,381
IX-24 Other expenses (24a–d)Programs $111,458 · Management $360 · Fundraising $141$111,959
IX-25 Total functional expensesPrograms $3,506,269 · Management $448,155 · Fundraising $150,634$4,105,058
Part X · Balance sheet $16,716,562 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,033,220$1,462,861
X-2 Savings and temporary cash investmentsStart of year $3,485,155$6,124,046
X-3 Pledges and grants receivableStart of year $7,226,594$8,743,363
X-9 Prepaid expenses and deferred chargesStart of year $148,799$179,522
X-10c Land, buildings and equipment, netStart of year $180,120$139,928
X-12 Other securities$39,873
X-14 Intangible assetsStart of year $30,135$13,230
X-15 Other assetsStart of year $13,739$13,739
X-16 Total assetsStart of year $13,153,663$16,716,562
X-17 Accounts payable and accrued expensesStart of year $518,330$293,529
X-25 Other liabilitiesStart of year $7,800$7,800
X-26 Total liabilitiesStart of year $526,130$301,329
X-27 Net assets without donor restrictionsStart of year $5,172,533$7,220,233
X-28 Net assets with donor restrictionsStart of year $7,455,000$9,195,000
X-32 Total net assets or fund balancesStart of year $12,627,533$16,415,233
X-33 Total liabilities and net assetsStart of year $13,153,663$16,716,562
Part XI · Reconciliation of net assets $16,415,233 net assets at year end
XI-1 Total revenue$7,892,758
XI-2 Total expenses$4,105,058
XI-3 Revenue less expenses$3,787,700
XI-4 Net assets at start of year$12,627,533
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,415,233

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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