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
57 people listed on the 990; $390K paid to officers and key staff.
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.
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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
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.
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Solano Means Business
The EDC provided confidential site location assistance to new businesses seeking to locate in Solano County. Pulling from the large and diverse portfolio of buildings and sites throughout the county, the EDC prepared comprehensive packages of space opportunities, workforce and other resources that assisted the business in their decision…
Solano Business First! is led by each city, working with their existing businesses. Resource partners in the Economic Development Task Force support these efforts when called upon to assist a business.
Moving Solano Forward is the strategy guiding the EDC's actions. The EDC implemented the Moving Solano Forward wheel of initiatives, including existing businesses and business attraction, as well as addressing key business issues that could constrain economic growth and managing a resource clearinghouse of data and research.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $169K | $156K |
| Land, buildings, equipmentLn 10c | $210 | $210 |
| Total assetsLn 16 | $398K | $170K |
| LiabilitiesLn 26 | $225K | $88K |
| Net assetsLn 32 | $173K | $82K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $172K | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $305K | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $38K | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $22K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $35K | $0 | $0 | $0 |
| Accounting feesLn 11c | $9K | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $40K | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $96K | $0 | $0 | $0 |
| Office expensesLn 13 | $13K | $0 | $0 | $0 |
| OccupancyLn 16 | $54K | $0 | $0 | $0 |
| TravelLn 17 | $1K | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $2K | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $1K | $0 | $0 | $0 |
| InsuranceLn 23 | $11K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $47K | $0 | $0 | $0 |
| Total functional expensesLn 25 | $845K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.3M | $1.3M | −$12K | $217K | 990 PDF |
| FY2024 | $1.2M | $1.1M | $91K | $228K | 990 PDF |
| FY2023 | $1.3M | $1.3M | $84K | $137K | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 Viewing | $754K | $845K | −$91K | $82K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $753,834 revenue, 12 lines filed
Part VI · Governance 54 of 54 board members independent, 3 to look at
Part VIII · Statement of revenue $753,834 across 4 lines filed
Part IX · Statement of functional expenses $844,563 across 15 lines filed
Part X · Balance sheet $170,227 assets, 11 lines filed
Part XI · Reconciliation of net assets $81,865 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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