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      <DepreciationDepletion>
        <Total>0</Total>
      </DepreciationDepletion>
      <Insurance>
        <Total>0</Total>
      </Insurance>
      <OtherExpenses>
        <Description>CONSULTING</Description>
        <Total>15000</Total>
        <ProgramServices>15000</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TAX AND LICENSE</Description>
        <Total>25</Total>
        <ManagementAndGeneral>25</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BUSINESS DEVELOPMENT</Description>
        <Total>5600</Total>
        <ProgramServices>5600</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EMPLOYEE COST REIMBURSEMENT</Description>
        <Total>5000</Total>
        <ProgramServices>3000</ProgramServices>
        <ManagementAndGeneral>1500</ManagementAndGeneral>
        <Fundraising>500</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FIXED COST REIMBURSEMENT</Description>
        <Total>5000</Total>
        <ProgramServices>3500</ProgramServices>
        <ManagementAndGeneral>1500</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>33125</Total>
        <ProgramServices>27100</ProgramServices>
        <ManagementAndGeneral>5525</ManagementAndGeneral>
        <Fundraising>500</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>6815</BOY>
        <EOY>23736</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>4521</BOY>
        <EOY>4528</EOY>
      </SavingsAndTempCashInvestments>
      <TotalAssets>
        <BOY>11336</BOY>
        <EOY>28264</EOY>
      </TotalAssets>
      <TotalLiabilities>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>11336</BOY>
        <EOY>28264</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>11336</BOY>
        <EOY>28264</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>11336</BOY>
        <EOY>28264</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>16928</ReconcilationRevenueExpenses>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingOther note="MODIFIED CASH">X</MethodOfAccountingOther>
      <AccountantCompileOrReview>true</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>20415</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>36067</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>16000</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>55500</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>50000</CurrentTaxYear>
        <Total>177982</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>20415</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>36067</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>16000</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>55500</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>50000</CurrentTaxYear>
        <Total>177982</Total>
      </Total170>
      <AmountsSubstContributorsTotal>95734</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>82248</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>63</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>813</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>701</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>98</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>53</CurrentTaxYear>
        <Total>1728</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus1Year>2500</CurrentTaxYearMinus1Year>
        <Total>2500</Total>
      </OtherIncome170>
      <TotalSupport>182210</TotalSupport>
      <PublicSupportPertcentage170>0.45139</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.97462</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <ThirtyThreePercntTestsPY170>X</ThirtyThreePercntTestsPY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <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>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>DOCUMENTATION</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8B</ReturnReference>
        <Explanation>EACH COMMITTEE CHAIRPERSON REPORTS THE DETAILS OF COMMITTEE MEETINGS TO THE BOARD DURING THE SUBSEQUENT BOARD MEETING. THE DETAILS OF THE COMMITTEE MEETINGS ARE INCORPORATED INTO THE BOARD MINUTES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>REVIEW AND SIGNATURE OF FORM 990</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11A</ReturnReference>
        <Explanation>THE EXECUTIVE DIRECTOR REVIEWS FORM 990 AND PROVIDES A COPY TO THE VICE CHAIRMAN OF FINANCE WHO REVIEWS THE RETURN. THEN THE CHAIRMAN OF THE BOARD REVIEWS THE RETURN AND SIGNS IT FOR FILING. THE CHAIRMAN THEN PROVIDES COPIES OF THE RETURN TO ALL BOARD MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15A AND 15B</ReturnReference>
        <Explanation>NO EMPLOYEES WERE COMPENSATED DURING THE YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS AND FINACIAL STATEMENTS</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS and form 990 ARE MADE AVAILABLE UPON WRITTEN OR ORAL REQUEST AT THE ORGANIZATION'S SITE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE FOR PUBLIC INSPECTION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>BASIS OF ACCOUNTING</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 1</ReturnReference>
        <Explanation>FORM 990 WAS PREPARED USING THE MODIFIED CASH BASIS 0F ACCOUNTING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:TODD ADAIR TITLE:SECRETARY HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOHN ADAMS TITLE:VICE CHAIR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:NORMAN BOOK, JR. TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:ELAINE BREEZE TITLE:PAST CHAIRMAN OF THE BOARD HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:PAUL CASIAS TITLE:VICE CHAIR - FINANCE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JAMES R. COMSTOCK TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:STEVE DWORETZKY TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:EZRA GARRETT TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOHN HAMILTON TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:MAX KEECH TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOANN KEMIST TITLE:VICE CHAIR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:RICH LAMB TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JANINE MCCAFFERY TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:STEVE MINCEY TITLE:CHAIRMAN OF THE BOARD HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:STEPHEN J. PILCH TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:RANDY SMITH TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:RANDY OKAMURA TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:ROBERT WEBSTER TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:KENNETH YOUNG TITLE:DIRECTOR HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:ROSANNE FOUST TITLE:PRESIDENT AND CEO HOURS:38</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SAN MATEO COUNTY ECON DEV ASSN</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1301 SHOREWAY ROAD SUITE 150</AddressLine1>
          <City>BELMONT</City>
          <State>CA</State>
          <ZIPCode>94002</ZIPCode>
        </AddressUS>
        <EIN>941295795</EIN>
        <PrimaryActivities>see Part VII</PrimaryActivities>
        <LegalDomicileState>CA</LegalDomicileState>
        <ExemptCodeSection>501(c)(4)</ExemptCodeSection>
        <PublicCharityStatus>N/A</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <Form990ScheduleRPartVII>
        <Identifier>Part II, line 1 column b</Identifier>
        <ReturnReference>PRIMARY ACTIVITY</ReturnReference>
        <Explanation>REPRESENT THE BUSINESS COMMUNITY'S VIEWS ON IMPORTANT ISSUES, PROBLEMS AND OPPORTUNITES WHICH AFFECT THE COUNTY'S ECONOMY AND GENERAL WELL-BEING.</Explanation>
      </Form990ScheduleRPartVII>
    </IRS990ScheduleR>
  </ReturnData>
</Return>