Organizations Filed Purposes:
THE CIVIC SAN DIEGO ECONOMIC GROWTH AND NEIGHBORHOOD INVESTMENT FUND (GROWTH FUND) IS A NONPROFIT PUBLIC BENEFIT CORPORATION CREATED TO MAKE QUALIFIED LOW INCOME COMMUNITY INVESTMENTS IN THE CITY OF SAN DIEGO OR OTHER ACTIVITIES WHICH QUALIFY FOR NEW MARKET TAX CREDITS (NMTC). THE GROWTH FUND'S PURPOSE IS ALSO TO ENGAGE IN (1) RAISING EQUITY FOR INVESTMENT BY THE GROWTH FUND OR ITS AFFILIATED ENTITIES; (2) FORM SUBSIDIARY LIMITED LIABILITY COMPANIES WHICH THE GROWTH FUND SERVES AS MANAGER OR MANAGING MEMBER, OR SUBSIDIARY LIMITED PARTNERSHIPS IN WHICH THE GROWTH FUND SERVES AS GENERAL PARTNER; (3) APPLY ON BEHALF OF SUBSIDIARIES FOR THEIR CERTIFICATION AS A QUALIFIED COMMUNITY DEVELOPMENT ENTITY (CDE) AS DEFINED IN SECTION 45D OF INTERNAL REVENUE CODE; (4) TRANSFER ANY ALLOCATIONS OF NMTCS THE GROWTH FUND RECEIVES TO SUBSIDIARY CDES; AND (5) RAISE EQUITY FOR INVESTMENT IN SUBSIDIARY CDES.
SERVED AS MANAGING MEMBER OF SUBSIDARY CDES WHICH AUTHORIZED ALLOCATIONS OF $96,850,000 OF NEW MARKETS TAX CREDITS TO SEVEN SUBSIDIARY CDES. THESE ALLOCATIONS ASSIST THE ORGANIZATIONS TO FUND CONSTRUCTION PROJECTS AND OR PROGRAMS IN UNDERSERVED COMMUNITIES IN SAN DIEGO COUNTY.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Reese Jarrett | FORMER PRESIDENT | 0 | $0 |
| Andrew Phillips | INTERIM PRESIDENT | 5 | $0 |
| Stephen Russell | DIRECTOR | 0.5 | $0 |
| Paola Avila | DIRECTOR | 0.5 | $0 |
| Maddy Kilkenny | TREASURER | 0.5 | $0 |
| Theodore Shaw | VICE CHAIR | 0.5 | $0 |
| Robert Robinson | SECRETARY | 0.5 | $0 |
| Michael Jenkins | DIRECTOR | 0.5 | $0 |
| Carlos Vasquez | CHAIR | 0.5 | $0 |
| Richard Geisler | DIRECTOR | 0.5 | $0 |
| Philip Rath | DIRECTOR | 0.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201943199349314609_public.xml