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US nonprofit · EIN 680377492 · Folsom, CAiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 680377492) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R).Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Folsom Economic Development Corporation

Donations deductible
Revenue
$505k
year to 30 June 2025
Expenses
$391k
year to 30 June 2025
Total assets
$847k
$707k liabilities
Net assets
$140k
assets less liabilities
Directors and trustees
6
7.6 years on average
Staff
6
employees, year to 30 June 2025
Chair observed
≥5 yrs
Robert Holderness
Left since last filing
0
no seats appear to have opened
How am I connected?

Folsom Economic Development Corporation's network

6 people4 organisationsi6 people and 4 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Robert Holderness ChairChair2018
8 yrs
Don ReidCompany secretary2018
8 yrs
Eileen ReynoldsDirector2023
3 yrs
John MessnerDirector2018
8 yrs
Rob AragonTreasurer2018
8 yrs
Robert FlautVice Chair2018
8 yrs
Under 5 years5 to 6 years6 years or more

Officers and senior leadership

1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
Joseph GagliardiCEO/Presidentsince 2018

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Joseph GagliardiCEO/President20$155k$110k
Robert HoldernessChair0$0
Rob AragonTreasurer0$0
John MessnerSecretary0$0
Eileen ReynoldsVice Chairperson0$0
Pete ThompsonDirector0$0

About

Legal name
Folsom Economic Development Corporation
EIN
680377492
Address
200 Wool St, Folsom, CA, 95630-2549
State
California
Mission
The organization will encourage sound and beneficial economic development in the city of folsom by developing and managing real property. The corporation will lessen the burdens of government by assisting in developing public properties. The corporation will promote social welfare and combat community deterioration by developing and managing disadvantaged real property in folsom. (as filed on the Form 990)
Activity (NTEE)
S30 Community improvement and capacity building
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Community Improvement & Capacity Building
Size band
5 (IRS master file code)
Formed
1996
Principal officer
Joseph Gagliardi (as named on the Form 990)
IRS ruling date
1 November 1996
Status
Code 01 (unconditional exemption)
Form 990 filings on record
6, latest 2023
IRS Publication 78
PC (contributions deductible)

Most connected

Related organisations (Schedule R)

RelatedECONOMIC DEVELOPMENT OF THE CITY OF FOLSOMFolsom Tourism Economic DevelopmentRelatedTO CONNECT BUSINESS AND COMMUNITYFolsom Chamber of Commerce

Longest observed on the filings

≥8years on the filingsRobert Holderness
≥8years on the filingsDon Reid
≥8years on the filingsJohn Messner
≥8years on the filingsRob Aragon

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$847k
Total liabilities
$707k
Net assets or fund balances
$140k
Contributions and grants received
$530k
Program service revenue
$0
Employees
6