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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>BOB LINSCHEID</NamePerson>
        <Title>MANAGING DIRECTOR</Title>
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        <Officer>X</Officer>
        <ReportableCompFromOrganization>54992</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>JON GREGORY</NamePerson>
        <Title>MANAGING DIRECTOR</Title>
        <AverageHoursPerWeek>50.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>20500</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
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      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>0</TotalOtherCompensation>
      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>0</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <MembershipDues>19900</MembershipDues>
      <FundraisingEvents>11600</FundraisingEvents>
      <AllOtherContributions>79463</AllOtherContributions>
      <TotalContributions>110963</TotalContributions>
      <ProgramServiceRevenue>
        <Description>INNOVATION CHALLENGE</Description>
        <BusinessCode>561499</BusinessCode>
        <TotalRevenueColumn>57239</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>57239</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>CONTRACT SERVICES</Description>
        <BusinessCode>561499</BusinessCode>
        <TotalRevenueColumn>25500</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>25500</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>CHICO START</Description>
        <BusinessCode>561499</BusinessCode>
        <TotalRevenueColumn>1021</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1021</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>83760</TotalProgramServiceRevenue>
      <GrossIncomeFundraisingEvents>15827</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>11600</CntrbtnsRprtdFundraisingEvents>
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        <ExclusionAmount>-4848</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>50</TotalRevenueColumn>
        <ExclusionAmount>50</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>50</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>189925</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>83760</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>-4798</ExclusionAmount>
      </TotalRevenue>
      <OtherSalariesAndWages>
        <Total>2880</Total>
        <ProgramServices>2280</ProgramServices>
        <ManagementAndGeneral>600</ManagementAndGeneral>
      </OtherSalariesAndWages>
      <FeesForServicesManagement>
        <Total>41000</Total>
        <ProgramServices>25000</ProgramServices>
        <ManagementAndGeneral>12000</ManagementAndGeneral>
        <Fundraising>4000</Fundraising>
      </FeesForServicesManagement>
      <FeesForServicesAccounting>
        <Total>40</Total>
        <ManagementAndGeneral>40</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <Advertising>
        <Total>975</Total>
        <ProgramServices>500</ProgramServices>
        <Fundraising>475</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>4876</Total>
        <ProgramServices>1800</ProgramServices>
        <ManagementAndGeneral>3076</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>600</Total>
        <ProgramServices>600</ProgramServices>
      </InformationTechnology>
      <Travel>
        <Total>215</Total>
        <ManagementAndGeneral>215</ManagementAndGeneral>
      </Travel>
      <ConferencesMeetings>
        <Total>930</Total>
        <ProgramServices>930</ProgramServices>
      </ConferencesMeetings>
      <Insurance>
        <Total>500</Total>
        <ManagementAndGeneral>500</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>ECON DEVELOPMENT SVC</Description>
        <Total>34492</Total>
        <ProgramServices>30000</ProgramServices>
        <ManagementAndGeneral>4492</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INNOVATION CHALLENGE</Description>
        <Total>16753</Total>
        <ProgramServices>16753</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CONTRACT ADMINISTRATION</Description>
        <Total>4150</Total>
        <ProgramServices>2000</ProgramServices>
        <ManagementAndGeneral>2150</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>GROW CALIFORNIA</Description>
        <Total>2114</Total>
        <ProgramServices>1500</ProgramServices>
        <ManagementAndGeneral>614</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>4554</Total>
        <ProgramServices>1011</ProgramServices>
        <ManagementAndGeneral>2810</ManagementAndGeneral>
        <Fundraising>733</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>114079</Total>
        <ProgramServices>82374</ProgramServices>
        <ManagementAndGeneral>26497</ManagementAndGeneral>
        <Fundraising>5208</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>2004</BOY>
        <EOY>2220</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>922</BOY>
        <EOY>40001</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>21434</BOY>
        <EOY>42735</EOY>
      </AccountsReceivable>
      <OtherAssetsTotal>
        <BOY>250</BOY>
        <EOY>0</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>24610</BOY>
        <EOY>84956</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>15500</BOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>15500</BOY>
        <EOY>0</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <CapStckTrstPrinCurrentFunds>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </CapStckTrstPrinCurrentFunds>
      <PaidInCapSrplsLandBldgEqpFund>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </PaidInCapSrplsLandBldgEqpFund>
      <RetainedEarningsEndowmentEtc>
        <BOY>9110</BOY>
        <EOY>84956</EOY>
      </RetainedEarningsEndowmentEtc>
      <TotalNetAssetsFundBalances>
        <BOY>9110</BOY>
        <EOY>84956</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>24610</BOY>
        <EOY>84956</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>75846</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>0</FSAudited>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>89640</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>103625</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>58928</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>50100</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>110963</CurrentTaxYear>
        <Total>413256</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>89640</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>103625</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>58928</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>50100</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>110963</CurrentTaxYear>
        <Total>413256</Total>
      </Total170>
      <PublicSupportTotal170>413256</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus2Years>15</CurrentTaxYearMinus2Years>
        <Total>15</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>5477</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>5502</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>81</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>658</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>50</CurrentTaxYear>
        <Total>11768</Total>
      </OtherIncome170>
      <TotalSupport>425039</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>202664</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.97230</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.96230</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>ANNUAL DINNER</NameOfEvent1>
        <GrossReceiptsEvent1>27427</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>11600</CharitableContributionsEvent1>
        <GrossRevenueEvent1>15827</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>14794</RentFacilityCostsEvent1>
        <OtherDirectExpensesEvent1>5881</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>27427</GrossReceiptsTotal>
        <CharitableContributionsTotal>11600</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>15827</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>14794</RentFacilityCostsTotalEvents>
        <OtherDirectExpensesTotalEvents>5881</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>20675</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-4848</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>NEW PROGRAM SERVICES</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 2</ReturnReference>
        <Explanation>THE CHICOSTART PROGRAM WAS IMPLEMENTED TO CREATE A HIGHLY VISIBLE, POSITIVE INITIATIVE THAT ILLUSTRATES THE PRO-INNOVATION APPROACH TO SUPPORT START-UP COMPANIES IN CHICO AND AT CHICO STATE UNIVERSITY. THE ORGANIZATION IS ALSO SERVING AS ONE OF TWELVE CALIFORNIA DESIGNATED IHUBS, AND IS THE ONLY IHUB FOCUSED ON A RURAL REGION OF CALIFORNIA. THE IHUB INITIATIVE PROGRAM IS DESIGNED TO IMPROVE THE STATE'S NATIONAL AND GLOBAL COMPETITIVENESS BY STIMULATING PARTNERSHIPS, ECONOMIC DEVELOPMENT, AND JOB CREATION AROUND SPECIFIC RESEARCH CLUSTERS THROUGH STATE-DESIGNED IHUBS. THE IHUBS LEVERAGE ASSETS SUCH AS RESEARCH PARKS, TECHNOLOGY INCUBATORS, UNIVERSITIES, AND FEDERAL LABORATORIES TO PROVIDE AN INNOVATION PLATFORM FOR STARTUP COMPANIES, ECONOMIC DEVELOPMENT ORGANIZATIONS, BUSINESS GROUPS, AND VENTURE CAPITALISTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8B</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE AND THE MANAGING DIRECTORS WILL REVIEW THE FORM 990 BEFORE IT IS FILE WITH THE INTERNAL REVENUE SERVICE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION FOR OFFICERS AND KEY PERSONNEL COMPARING CURRENT PAY TO INDUSTRY WIDE AVERAGES. THE COMMITTEE THEN PRESENTS THEIR RECOMMENDATIONS TO THE BOARD OF DIRECTORS WHICH ACCEPTS OR CHANGES THEM.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>NO DOCUMENTS AVAILABLE TO THE PUBLIC.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>