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Nonprofiteer
← ARCATA ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by ARCATA ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$12,662,844
Total expenses
$11,861,448
Contributions and grants received
$11,483,342
Grants paid
$9,948,407
Program service revenue
$1,093,007
Investment income
$86,495
Other revenue
$0
Total assets, end of year
$16,942,589
Total liabilities, end of year
$9,100,029
Net assets or fund balances, end of year
$7,842,560
Program services expenses (Part IX)
$11,754,284
Management and general expenses
$107,164
Fundraising expenses
$0
Program service expenses (Part III)
$11,754,284

Program services were 99.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $11,361,633

  • 1f · All other contributions, gifts and grants

    $121,709

  • 2a · Program service revenue: LOAN INTEREST AND FEES

    total $661,457 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: PORTFOLIO MANAGAMENT

    total $283,552 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: SBA 504 INCOME

    total $72,690 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: PROGRAM MANAGEMENT

    total $63,381 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: RECOVERIES & REIMBURSEMENTS

    total $11,927 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $86,495 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,419,056 · program services $9,419,056

  • 2 · Grants to domestic individuals

    total $529,351 · program services $529,351

  • 5 · Compensation of officers, directors and key employees

    total $138,062 · program services $124,947 · management and general $13,115 · fundraising $0

  • 7 · Other salaries and wages

    total $563,804 · program services $510,245 · management and general $53,559 · fundraising $0

  • 8 · Pension plan contributions

    total $39,852 · program services $38,219 · management and general $1,633 · fundraising $0

  • 9 · Other employee benefits

    total $103,466 · program services $99,226 · management and general $4,240 · fundraising $0

  • 10 · Payroll taxes

    total $54,081 · program services $49,949 · management and general $4,132 · fundraising $0

  • 11g · Fees: other

    total $68,863 · program services $68,713 · management and general $150 · fundraising $0

  • 12 · Advertising and promotion

    total $39,522 · program services $28,956 · management and general $10,566 · fundraising $0

  • 13 · Office expenses

    total $108,447 · program services $91,188 · management and general $17,259 · fundraising $0

  • 14 · Information technology

    total $56,207 · program services $55,011 · management and general $1,196 · fundraising $0

  • 16 · Occupancy

    total $21,515 · program services $21,515 · management and general $0 · fundraising $0

  • 17 · Travel

    total $12,252 · program services $10,938 · management and general $1,314 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $63,903 · program services $63,903 · management and general $0 · fundraising $0

  • 20 · Interest

    total $74,727 · program services $74,727 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $29,048 · program services $29,048 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $44,174 · program services $44,174 · management and general $0 · fundraising $0

  • 24a · Other expenses: BAD DEBTS

    total $87,731 · program services $87,731 · management and general $0 · fundraising $0

  • 24b · Other expenses: CERF & ARPA OUTREACH

    total $369,446 · program services $369,446 · management and general $0 · fundraising $0

  • 24c · Other expenses: PROJECT EXPENSES

    total $19,502 · program services $19,502 · management and general $0 · fundraising $0

  • 24d · Other expenses: PORTFOLIO EXPENSES

    total $18,439 · program services $18,439 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $300

  • 2 · Savings and temporary cash investments

    beginning of year $8,122,854 · end of year $7,588,299

  • 3 · Pledges and grants receivable

    beginning of year $32,066 · end of year $27,208

  • 4 · Accounts receivable

    beginning of year $619,688 · end of year $830,967

  • 7 · Other notes and loans receivable

    beginning of year $7,875,558 · end of year $8,083,283

  • 8 · Inventories for sale or use

    beginning of year $614,461 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,911 · end of year $60,298

  • 10a · Land, buildings and equipment: cost or other basis

    $568,168

  • 10b · Land, buildings and equipment: accumulated depreciation

    $215,934

  • 10c · Land, buildings and equipment, net

    beginning of year $375,656 · end of year $352,234

  • 11 · Investments: publicly traded securities

    beginning of year $1,310,783 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $499,192 · end of year $635,100

  • 19 · Deferred revenue

    beginning of year $4,791,793 · end of year $2,639,713

  • 23 · Secured mortgages and notes payable

    beginning of year $4,178,128 · end of year $3,325,216

  • 24 · Unsecured notes and loans payable

    beginning of year $2,500,000 · end of year $2,500,000

  • 27 · Net assets without donor restrictions

    beginning of year $6,373,873 · end of year $6,930,837

  • 28 · Net assets with donor restrictions

    beginning of year $667,291 · end of year $911,723

Mission and programs · 2025

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE NORTH COAST REGION OF CALIFORNIA BY PROVIDING BUSINESS LENDING AND TECHNICAL ASSISTANCE SERVICES, COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE, AND MICROLOAN BUSINESS ASSISTANCE & TRAINING.

  • AEDC PROVIDES LOANS FOR SMALL BUSINESSES LOCATED THROUGHOUT NORTHERN CALIFORNIA. AEDC MADE 11 NEW LOANS DURING THE FISCAL YEAR. AT YEAR END, AEDC HAD 82 SMALL BUSINESS LOANS IN ITS PORTFOLIO. ADDITIONALLY, AEDC ADMINISTERED SMALL BUSINESS LOANS FOR LOCAL GOVERNMENTAL AGENCIES AND PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO SMALL BUSINESSES THROUGHOUT NORTHERN CALIFORNIA.

    Expenses $971,593 · Revenue $1,104,194

  • AEDC MANAGES SEVERAL PROGRAMS TO PROMOTE ECONOMIC DEVELOPMENT IN NORTHERN CALIFORNIA. AEDC ORGANIZES AN ECONOMIC DEVELOPMENT SUMMIT TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES. EMERGING LEADERS ARE BROUGHT TOGETHER FOR ESTABLISHING COLLABORATIVE STRATEGIES. AEDC PROVIDES OPPORTUNITIES FOR LOCAL NATIVE TRIBES TO COLLABORATE IN APPLYING FOR GRANTS.

    Expenses $10,782,691 · Grants $9,948,407 · Revenue $75,308

As filed on the 2025 return.

Listed in Part VII

  • Ross Welch

    EXECUTIVE DIRECTOR

    Total calculated
    $138,062
    From this org
    $125,130
    From related orgs
    $0
    Other
    $12,932
    Hours/week
    40

  • Fawn Scheer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Aj Gonzales

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Proulx

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Janet Depace

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mandy Marquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Oetker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Supahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amber Weir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walt Geist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Flora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
22 September 2026
IRS schema version
2025v4.1
Source object
202612669349301601

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