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
51 people listed on the 990; $357K 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 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.
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Bay 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.
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.
The 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $144K | $1.1M |
| Land, buildings, equipmentLn 10c | $310 | $561 |
| Total assetsLn 16 | $150K | $2.3M |
| LiabilitiesLn 26 | $13K | $2.0M |
| Net assetsLn 32 | $137K | $228K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $327K | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $408K | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $58K | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $40K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $55K | $0 | $0 | $0 |
| Legal feesLn 11b | $18K | $0 | $0 | $0 |
| Accounting feesLn 11c | $17K | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $26K | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $58K | $0 | $0 | $0 |
| Office expensesLn 13 | $11K | $0 | $0 | $0 |
| Information technologyLn 14 | $4K | $0 | $0 | $0 |
| OccupancyLn 16 | $55K | $0 | $0 | $0 |
| TravelLn 17 | $6K | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $8K | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $835 | $0 | $0 | $0 |
| InsuranceLn 23 | $9K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $18K | $0 | $0 | $0 |
| Total functional expensesLn 25 | $1.1M | $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 Viewing | $1.2M | $1.1M | $91K | $228K | 990 PDF |
| FY2023 | $1.3M | $1.3M | $84K | $137K | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 | $754K | $845K | −$91K | $82K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,209,530 revenue, 12 lines filed
Part VI · Governance 49 of 49 board members independent, 4 to look at
Part VIII · Statement of revenue $1,209,530 across 6 lines filed
Part IX · Statement of functional expenses $1,118,609 across 17 lines filed
Part X · Balance sheet $2,266,136 assets, 12 lines filed
Part XI · Reconciliation of net assets $228,173 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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