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Folsom Economic Development Corporation

  • Folsom, CA
  • Tax-exempt since Nov. 1996
  • EIN: 68-0377492

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$381k (2024)

Expenses
$532k (2024)

Total Assets
$770k (2024)

Total Liabilities
$744k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$381,364
Expenses
$531,707
Net Income
-$150,343
Net Assets
$25,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $441,024
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$59,660
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $120,152
22.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $770,006
Total Liabilities $744,428
Net Assets $25,578
Compensation
Key Employees and Officers Compensation Related Other
Joseph Gagliardi (Ceo/President) $203,607 $57,372 $0
Robert Holderness (Chair) $0 $0 $0
Rob Aragon (Treasurer) $0 $0 $0
Don Reid (Secretary) $0 $0 $0
John Messner (Director) $0 $0 $0
Eileen Reynolds (Director) $0 $0 $0
Pete Thompson (Director) $0 $0 $0
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Document Links

990
Filed on May 15, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$352,017
Expenses
$317,036
Net Income
$34,981
Net Assets
$82,111
Notable Sources of Revenue Percent of Total Revenue
Contributions $322,695
91.7%
Program Services $49,088
13.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$19,766
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $109,442
34.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $753,583
Total Liabilities $671,472
Net Assets $82,111
Compensation
Key Employees and Officers Compensation Related Other
Joseph Gagliardi (Ceo/President) $109,442 $109,951 $5,598
Robert Holderness (Chair) $0 $0 $0
Robert Flaut (Vice Chair) $0 $0 $0
Rob Aragon (Treasurer) $0 $0 $0
Don Reid (Secretary) $0 $0 $0
John Messner (Director) $0 $0 $0
Eileen Reynolds (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$164,194
Expenses
$269,397
Net Income
-$105,203
Net Assets
$62,357
Notable Sources of Revenue Percent of Total Revenue
Contributions $166,700
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,506
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $96,733
35.9%
Professional Fundraising Fees $0
Other Salaries and Wages $58,486
21.7%
Assets/Debt
Total Assets $714,981
Total Liabilities $652,624
Net Assets $62,357
Compensation
Key Employees and Officers Compensation Related Other
Joseph Gagliardi (Ceo/President) $96,733 $88,409 $15,501
Robert Holderness (Chair) $0 $0 $0
Robert Flaut (Vice Chair) $0 $0 $0
Rob Aragon (Secretary) $0 $0 $0
Don Reid (Treasurer) $0 $0 $0
John Messner (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 17, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$389,676
Expenses
$257,101
Net Income
$132,575
Net Assets
$167,560
Notable Sources of Revenue Percent of Total Revenue
Contributions $275,025
70.6%
Program Services $119,782
30.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$5,131
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $94,766
36.9%
Professional Fundraising Fees $0
Other Salaries and Wages $24,010
9.3%
Assets/Debt
Total Assets $902,511
Total Liabilities $734,951
Net Assets $167,560
Compensation
Key Employees and Officers Compensation Related Other
Joseph Gagliardi (Ceo/President) $94,766 $81,196 $33,332
Robert Holderness (Chair) $0 $0 $0
Robert Flaut (Vice Chair) $0 $0 $0
Rob Aragon (Secretary) $0 $0 $0
Don Reid (Treasurer) $0 $0 $0
John Messner (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$143,842
Expenses
$238,718
Net Income
-$94,876
Net Assets
$34,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $124,126
86.3%
Program Services $19,716
13.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $88,979
37.3%
Professional Fundraising Fees $0
Other Salaries and Wages $26,227
11.0%
Assets/Debt
Total Assets $80,074
Total Liabilities $45,089
Net Assets $34,985
Compensation
Key Employees and Officers Compensation Related Other
Joseph Gagliardi (Ceo/President) $88,979 $80,364 $49,095
Robert Holderness (Chair) $0 $0 $0
Robert Flaut (Vice Chair) $0 $0 $0
Rob Aragon (Secretary) $0 $0 $0
Don Reid (Treasurer) $0 $0 $0
Alan Gianini (Director) $0 $0 $0
John Messner (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 18, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$286,400
Expenses
$256,085
Net Income
$30,315
Net Assets
$129,861
Notable Sources of Revenue Percent of Total Revenue
Contributions $248,000
86.6%
Program Services $38,400
13.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $85,557
33.4%
Professional Fundraising Fees $0
Other Salaries and Wages $11,562
4.5%
Assets/Debt
Total Assets $129,861
Total Liabilities $0
Net Assets $129,861
Compensation
Key Employees and Officers Compensation Related Other
Joseph Gagliardi (Ceo/President) $85,557 $126,564 $21,389
Robert Holderness (Chair) $0 $0 $0
Robert Flaut (Vice Chair) $0 $0 $0
Rob Aragon (Secretary) $0 $0 $0
Don Reid (Treasurer) $0 $0 $0
Alan Gianini (Director) $0 $0 $0
John Messner (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on July 8, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$413,658
Expenses
$318,581
Net Income
$95,077
Net Assets
$99,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $254,375
61.5%
Program Services $159,283
38.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $87,577
27.5%
Professional Fundraising Fees $0
Other Salaries and Wages $26,452
8.3%
Assets/Debt
Total Assets $126,371
Total Liabilities $26,825
Net Assets $99,546
Compensation
Key Employees and Officers Compensation Related Other
Joseph Gagliardi (Ceo/President) $87,577 $106,436 $44,994
Robert Holderness (Chair) $0 $0 $0
Robert Flaut (Vice Chair) $0 $0 $0
Rob Aragon (Secretary) $0 $0 $0
Don Reid (Treasurer) $0 $0 $0
Alan Gianini (Director) $0 $0 $0
John Messner (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$182,950
Expenses
$277,738
Net Income
-$94,788
Net Assets
$4,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $182,950
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $31,594
Total Liabilities $27,125
Net Assets $4,469
Compensation
Key Employees and Officers Compensation Other
Joseph Gagliardi (Ceo & President) $0 $0
Bob Holderness (Chairman) $0 $0
Robert Flautt (Vice Chair) $0 $0
Robert Aragon (Secretary) $0 $0
John Messner (Director) $0 $0
Don Reid (Treasurer) $0 $0
Al Gianini (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 15, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$211,001
Expenses
$117,473
Net Income
$93,528
Net Assets
$99,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,000
99.1%
Program Services $2,000
0.9%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $73,979
63.0%
Assets/Debt
Total Assets $111,014
Total Liabilities $11,757
Net Assets $99,257
Compensation
Key Employees and Officers Compensation Related Other
Robert Holderness (Chair) $0 $0 $0
Robert Flautt (Vice Chair) $0 $0 $0
Robert Aragon (Secretary) $0 $0 $0
Don Reid (Treasurer) $0 $0 $0
John Messner (Director) $0 $0 $0
Al Gianini (Director) $0 $0 $0
Joseph Gagliardi (Ceo) $0 $107,344 $0
+ View more people

Document Links

990
Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$134,717
Expenses
$130,675
Net Income
$4,042
Net Assets
$5,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $114,000
84.6%
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $10,817
Total Liabilities $5,088
Net Assets $5,729
Compensation
Key Employees and Officers Compensation Other
Joseph Gagliardi (Ceo & President) $80,000 $0
Dennis Neeley (Director) $0 $0
Robert Flautt (Director) $0 $0
Tim Youmans (Director) $0 $0
John Messner (Director) $0 $0
Don Reid (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 16, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$26,351
Expenses
$39,357
Net Income
-$13,006
Net Assets
$1,687
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,000
49.3%
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $3,633
Total Liabilities $1,946
Net Assets $1,687

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$62,252
Expenses
$45,230
Net Income
$17,022
Net Assets
$14,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,000
62.6%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2
0.0%
Assets/Debt
Total Assets $19,595
Total Liabilities $4,902
Net Assets $14,693

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$185,206
Expenses
$132,070
Net Income
$53,136
Net Assets
-$2,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $98,776
53.3%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $81,180
43.8%
Assets/Debt
Total Assets $4,071
Total Liabilities $6,400
Net Assets -$2,329

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$162,167
Expenses
$197,399
Net Income
-$35,232
Net Assets
-$55,465
Notable Sources of Revenue Percent of Total Revenue
Contributions $110,400
68.1%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,117
5.6%
Assets/Debt
Total Assets $47,075
Total Liabilities $102,540
Net Assets -$55,465

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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