Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
49 people listed on the 990; $382K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| Christopher E Rico | $225,441 | $216,837 | $184,994 | — |
| Robert Burris | — | — | — | $172,066 |
| J Paul Harrington | $156,495 | $140,015 | $128,283 | $117,495 |
| Sandy Person | — | — | — | $100,800 |
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 Solano Economic Devco Corporation 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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Attracts, retains, and supports local businesses to drive economic growth and improve the quality of life in Solano County communities.
Questions for Solano Economic Devco Corporation
Your first name shows with your question. Solano Economic Devco Corporation answers here, for everyone.
Revolving Loan Program
In partnership with the County of Solano, utilizing American Rescue Plan (ARPA) funds, we collaborated with three local lenders, First Northern Bank, Travis Credit Union and Valley Strong Credit union to create a revolving loan fund to assist local small businesses with financial recovery from the impacts of Covid 19.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1790564) · Dispute this lineBay Area Regional Energy Network (BayREN) is a collaboration of the nine Bay Area Counties aimed at promoting energy efficiency, water conservation, and greenhouse gas reduction for residents, businesses, and local governments within the region.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1790564) · Dispute this lineThe Solano EDC Business Retention Program is aimed at actively supporting and maintaining existing businesses within Solano County, by understanding their needs and providing resources to help them grow and thrive within the community.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1790564) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported: a weakness in money controls.
The auditor reported 3 findings.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $1.3M |
| Land, buildings, equipmentLn 10c | $561 | $356 |
| Total assetsLn 16 | $2.3M | $4.0M |
| LiabilitiesLn 26 | $2.0M | $3.7M |
| Net assetsLn 32 | $228K | $217K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $394K | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $450K | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $66K | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $57K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $64K | $0 | $0 | $0 |
| Legal feesLn 11b | $2K | $0 | $0 | $0 |
| Accounting feesLn 11c | $51K | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $22K | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $49K | $0 | $0 | $0 |
| Office expensesLn 13 | $11K | $0 | $0 | $0 |
| Information technologyLn 14 | $27K | $0 | $0 | $0 |
| OccupancyLn 16 | $55K | $0 | $0 | $0 |
| TravelLn 17 | $4K | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $4K | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $205 | $0 | $0 | $0 |
| InsuranceLn 23 | $14K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $21K | $0 | $0 | $0 |
| Total functional expensesLn 25 | $1.3M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Feb 26, 2026 | $1.3M | $1.3M | −$12K | $217K | 990 PDF |
| FY2024Filed with the IRS Feb 2, 2025 | $1.2M | $1.1M | $91K | $228K | 990 PDF |
| FY2023Filed with the IRS Dec 5, 2023 | $1.3M | $1.3M | $84K | $137K | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021Filed with the IRS Dec 3, 2021 | $754K | $845K | −$91K | $82K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $1,280,101 revenue, 12 lines filed
Part VI · Governance 47 of 47 board members independent, 2 to look at
Part VIII · Statement of revenue $1,280,101 across 5 lines filed
Part IX · Statement of functional expenses $1,291,739 across 17 lines filed
Part X · Balance sheet $3,961,903 assets, 14 lines filed
Part XI · Reconciliation of net assets $216,535 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.
We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.