Form 990 for tax year 2022
Filed by ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES.
Totals
- Total revenue
- $5,828,748
- Total expenses
- $7,869,790
- Contributions and grants received
- $3,079,228
- Grants paid
- $220,000
- Program service revenue
- $2,850,655
- Investment income
- -$158,239
- Other revenue
- $57,104
- Total assets, end of year
- $33,343,547
- Total liabilities, end of year
- $5,880,710
- Net assets or fund balances, end of year
- $27,462,837
- Program services expenses (Part IX)
- $6,655,505
- Management and general expenses
- $732,488
- Fundraising expenses
- $481,797
- Program service expenses (Part III)
- $6,655,505
Program services were 84.6% 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)
$1,325,228
-
1f · All other contributions, gifts and grants
$1,754,000
-
2a · Program service revenue: CONSULTING & SERVICE CONTRACTS
total $1,907,695 · related or exempt $1,907,695
-
2b · Program service revenue: SPONSORED EVENT PROGRAMS
total $942,960 · related or exempt $942,960
-
3 · Investment income
total $490,424 · excluded $490,424
-
6a · Gross rents
real property $56,689
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $56,689
-
6d · Net rental income or loss
total $56,689 · excluded $56,689
-
7a · Gross sales of assets other than inventory
securities $6,363,000
-
7b · Less cost or other basis and sales expenses
securities $7,011,663
-
7c · Gain or loss
securities -$648,663
-
7d · Net gain or loss
total -$648,663 · excluded -$648,663
-
11a · Other revenue: OTHER INCOME
total $415 · excluded $415
-
11e · Other revenue, total
$415
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $220,000 · program services $220,000
-
5 · Compensation of officers, directors and key employees
total $1,342,679 · program services $1,191,843 · management and general $46,064 · fundraising $104,772
-
7 · Other salaries and wages
total $2,263,223 · program services $2,008,974 · management and general $77,645 · fundraising $176,604
-
8 · Pension plan contributions
total $84,637 · program services $75,129 · management and general $2,904 · fundraising $6,604
-
9 · Other employee benefits
total $634,695 · program services $563,393 · management and general $21,775 · fundraising $49,527
-
10 · Payroll taxes
total $268,030 · program services $237,920 · management and general $9,195 · fundraising $20,915
-
11b · Fees: legal
total $2,136 · program services $1,967 · management and general $138 · fundraising $31
-
11c · Fees: accounting
total $78,475 · program services $72,280 · management and general $5,073 · fundraising $1,122
-
11f · Fees: investment management
total $203,507 · management and general $203,507
-
11g · Fees: other
total $823,886 · program services $741,475 · management and general $67,483 · fundraising $14,928
-
12 · Advertising and promotion
total $26,016 · program services $23,962 · management and general $1,682 · fundraising $372
-
13 · Office expenses
total $59,239 · program services $50,828 · management and general $5,962 · fundraising $2,449
-
14 · Information technology
total $226,557 · program services $193,068 · management and general $25,596 · fundraising $7,893
-
16 · Occupancy
total $655,130 · program services $473,540 · management and general $137,209 · fundraising $44,381
-
17 · Travel
total $51,120 · program services $35,868 · management and general $9,028 · fundraising $6,224
-
19 · Conferences, conventions and meetings
total $645,662 · program services $612,425 · management and general $1,403 · fundraising $31,834
-
22 · Depreciation, depletion and amortization
total $85,557 · program services $61,721 · management and general $18,010 · fundraising $5,826
-
23 · Insurance
total $44,044 · program services $31,774 · management and general $9,271 · fundraising $2,999
-
24a · Other expenses: OTHER EXPENSES
total $75,353 · program services $28,810 · management and general $43,962 · fundraising $2,581
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $44,844 · program services $17,146 · management and general $26,162 · fundraising $1,536
-
24c · Other expenses: UNCOLLECTIBLE ACCOUNTS
total $35,000 · program services $13,382 · management and general $20,419 · fundraising $1,199
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,858,758 · end of year $1,657,437
-
2 · Savings and temporary cash investments
beginning of year $669,421 · end of year $548,808
-
3 · Pledges and grants receivable
beginning of year $970,668 · end of year $1,209,482
-
9 · Prepaid expenses and deferred charges
beginning of year $190,603 · end of year $441,332
-
10a · Land, buildings and equipment: cost or other basis
$281,661
-
10b · Land, buildings and equipment: accumulated depreciation
$264,010
-
10c · Land, buildings and equipment, net
beginning of year $103,207 · end of year $17,651
-
11 · Investments: publicly traded securities
beginning of year $18,463,184 · end of year $17,680,729
-
12 · Investments: other securities
beginning of year $6,324,000 · end of year $6,877,091
-
15 · Other assets
beginning of year $856,473 · end of year $4,911,017
-
17 · Accounts payable and accrued expenses
beginning of year $1,112,983 · end of year $906,654
-
19 · Deferred revenue
beginning of year $546,451 · end of year $219,563
-
25 · Other liabilities
beginning of year $484,171 · end of year $4,754,493
-
27 · Net assets without donor restrictions
beginning of year $27,292,709 · end of year $27,462,837
Mission and programs · 2022
Mission
THE FUNCTION OF THE CORPORATION SHALL BE TO EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGHOUT LOS ANGELES COUNTY, TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS AND JOBS THROUGHOUT LOS ANGELES COUNTY, AND EDUCATING THE PUBLIC THROUGH ECONOMIC RESEARCH, ANALYSIS AND OTHERWISE. BY SERVING AS A VEHICLE TO FACILITATE COOPERATION BETWEEN THE PUBLIC AND PRIVATE SECTOR. THE CORPORATION WILL COALESCE LOCAL, STATE AND FEDERAL RESOURCES TO INCREASE PRIVATE INVESTMENT, PARTICULARLY IN THE ECONOMICALLY DISTRESSED AREAS OF SAID COUNTY.
Activities or mission (Part I)
THE LAEDC'S PRINCIPAL OBJECTIVE IS TO COLLECTIVELY ADVANCE ECONOMIC OPPORTUNITY AND PROSPERITY AND RAISE STANDARDS OF LIVING FOR ALL LOS ANGELES (LA) COUNTY RESIDENTS THROUGH PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. AS LA'S ONLY COUNTYWIDE ECONOMIC DEVELOPMENT ORGANIZATION, THE LAEDC PROVIDES COLLABORATIVE, INNOVATIVE, AND STRATEGIC ECONOMIC DEVELOPMENT LEADERSHIP TO PROMOTE A MORE ROBUST, EQUITABLE, SUSTAINABLE, AND RESILIENT LA COUNTY ECONOMY TO IMPROVE THE HEALTH AND WELLBEING OF THE REGION'S RESIDENTS AND COMMUNITIES AND ENABLE THOSE RESIDENTS TO MEET THEIR BASIC HUMAN NEED FOR A JOB. LAEDC ACHIEVES THIS THROUGH OBJECTIVE ECONOMIC RESEARCH AND ANALYSIS; PROGRAMMATIC AND ON-THE-GROUND TECHNICAL AND TRANSACTIONAL ASSISTANCE TO BUSINESS, GOVERNMENT, EDUCATION, AND WORKFORCE DEVELOPMENT SYSTEMS; AND TARGETED PUBLIC POLICY AND ISSUE ADVOCACY.
-
THE LAEDC OFFERS FREE ASSISTANCE TO SMALL BUSINESSES AND MICRO-ENTERPRISES THROUGHOUT LOS ANGELES COUNTY, WITH A PARTICULAR FOCUS ON WOMEN AND MINORITY-OWNED BUSINESSES AND ATTRACTING, RETAINING AND GROWING JOBS FOR THE RESIDENTS OF LA COUNTY. DURING THIS FISCAL YEAR, NUMBERS OF BUSINESSES WERE REACHED THROUGH MULTI-CHANNEL INFORMATIONAL OUTREACH, AND NUMBERS WERE SERVED ONE-ON-ONE WITH TECHNICAL ASSISTANCE TO HELP OUR SMALL BUSINESSES AND THEIR EMPLOYEES SURVIVE COVID-19 PANDEMIC.
Expenses $1,695,079 · Revenue $941,633
-
THE LAEDC HOSTS A NUMBER OF EVENTS AND WEBINARS EACH YEAR TO INFORM THE COMMUNITY, ONE OF THE MOST WELL KNOWN IS THE ECONOMIC FORECAST, WHICH OFFERS ATTENDEES VALUABLE INSIGHTS ON THE ECONOMIC PROJECTIONS FOR THE REGIONAL ECONOMY. THE 88 CITIES SUMMIT CONVENES LEADERS FROM LOCAL GOVERNMENTS TO DISCUSS ECONOMIC CHALLENGES AND OPPORTUNITIES OUR COMMUNITIES FACE. THE EDDY AWARDS IS THE MOST PRESTIGIOUS AWARDS PROGRAM TO RECOGNIZE LEADERSHIP IN ECONOMIC DEVELOPMENT IN BUSINESS, EDUCATION, AND GOVERNMENT THROUGHOUT LOS ANGELES COUNTY. DURING THE YEAR, THE ORGANIZATION HOSTS ABOUT 1800 EVENTS.
Expenses $1,236,598 · Revenue $942,685
-
THE LAEDC INSTITUTE FOR APPLIED ECONOMICS' MISSION IS TO PROVIDE OBJECTIVE AND UNPARALLELED ECONOMIC AND POLICY EXPERTISE TO OUR CLIENTS AND THE BROADER PUBLIC AUDIENCE. IN ADDITION, LAEDC ECONOMISTS PRESENT REGULAR PUBLIC WEBINARS ON THE EVOLVING IMPACT OF THE PANDEMIC THROUGHOUT THE ENTIRE FISCAL YEAR. DURIGN THE YEAR, THE ORGANIZATION CONDUCTED ECONOMIC RESEARCH AND IMPACT REPORTS TO ABOUT 15 CUSTOMERS.
Expenses $1,040,138 · Revenue $732,281
-
STRATEGIC INITIATIVESTHE LAEDC PERFORMED A SERIES OF STRATEGIC INITIATIVES DESIGNED TO CREATE SAFER WORKING ENVIRONMENTS IN COMMUNITIES HARDEST HIT BY THE PANDEMIC AS WELL AS WORKING WITH AREA COMMUNITY COLLEGES TO INFORM THE DEVELOPMENT OF CURRICULUM TO BETTER MEET THE RAPIDLY EVOLVING LABOR MARKET NEEDS OF LOCAL INDUSTRIES AND EMPLOYERS, AND WORKERS DISLOCATED FROM THEIR EMPLOYMENT BY THE PANDEMIC'S ECONOMIC DISRUPTIONS.FEDERAL GRANT EDA BUILD BACK BETTER THE LA REGION'S BUILD BACK BETTER PHASE 1 PROPOSAL WAS SUBMITTED BY A POWERFUL COALITION OF PUBLIC AND PRIVATE PARTNERS WHO SHARE OUR STATE AND LOCAL GOVERNMENT VISION OF EQUITABLE AND SUSTAINABLE GROWTH FOR OUR GOODS MOVEMENT ECOSYSTEM (GME) REGIONAL GROWTH CLUSTER, CENTERED ON THE INNATE CONVERGENCE OF THE BLUE AND GREEN REGENERATIVE ECONOMIES AT AND BEYOND THE WATERFRONT TO GROW NEW JOBS AND ENTERPRISES FOR OUR REGION, PARTICULARLY FOR HISTORICALLY EXCLUDED POPULATIONS, WHILE IMPROVING OUR ENVIRONMENT AND INCREASING RESILIENCE OF AMERICA'S LEADING TRADE GATEWAY.COED/SCLC "TO ENSURE THE REGION'S ECONOMIC VITALITY AND QUALITY OF LIFE" - LEADERSHIP IS OF PRIME IMPORTANCE AS SOUTHERN CALIFORNIANS WRESTLE WITH CRITICAL ECONOMIC AND SOCIAL ISSUES. YET, THE CHALLENGES TO EXERTING EFFECTIVE LEADERSHIP ON ISSUES THAT IMPACT THE REGION ARE MANY, PRIMARILY BECAUSE OF SOUTHERN CALIFORNIA'S SIZE AND COMPLEXITY.SPECIAL PROJECTS CERF THE CREATION OF THE CALIFORNIA JOBS FIRST (FORMERLY CERF), AIMS TO FACILITATE A SUSTAINABLE AND JUST REBOUND FROM THE ECONOMIC CHALLENGES POSED BY COVID-19. CALIFORNIA JOBS FIRST IS DEDICATED TO FOSTERING DIVERSE LOCAL ECONOMIES AND ESTABLISHING SUSTAINABLE INDUSTRIES THAT GENERATE HIGH-QUALITY EMPLOYMENT OPPORTUNITIES ACCESSIBLE TO ALL CALIFORNIANS.WORKFORCETHE WORKFORCE DEVELOPMENT PROGRAM EXISTS TO CREATE ECONOMIC MOBILITY AND EQUITY, SUPPORT THE TALENT NEEDS OF BUSINESS, AND ALIGN EDUCATION WITH EVOLVING INDUSTRY TRENDS. WORKFORCE DEVELOPMENT INTEGRATED INTO LAEDC'S RESEARCH, BUSINESS ASSISTANCE, INDUSTRY COUNCIL WORK AND THE FABRIC OF OUR MISSION.
Expenses $2,683,690 · Revenue $234,056
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Aaron CohenAARON COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Travis KiyotaTRAVIS KIYOTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yvette EstradaYVETTE ESTRADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alejandra SantamariaALEJANDRA SANTAMARIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria GarciaMARIA GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric BullardERIC BULLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon SullivanSHANNON SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diana BoyadjianDIANA BOYADJIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill DacuntoBILL DACUNTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fesia DavenportFESIA DAVENPORT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frances TevesFRANCES TEVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Juan SalazarJUAN SALAZAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Narineh MakijianNARINEH MAKIJIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerard OrozcoGERARD OROZCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia CoulterCYNTHIA COULTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara JonesBARBARA JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy SteinhauserANDY STEINHAUSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SastokasBRYAN SASTOKAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harry ElamHARRY ELAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jodie LeshJODIE LESH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric RowenERIC ROWEN
DIRECTOR (UNTIL APRIL 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Adam BurkeADAM BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David AbelDAVID ABEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett HowroydBRETT HOWROYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas WingardTHOMAS WINGARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan MontplaisirDAN MONTPLAISIR
DIRECTOR (UNTIL MARCH 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Brennon CristBRENNON CRIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas ParhamTHOMAS PARHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Geoffrey DankerGEOFFREY DANKER
DIRECTOR (UNTIL JANUARY 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Jane ConoleyJANE CONOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose GomezJOSE GOMEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justin ErbacciJUSTIN ERBACCI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erika BeckERIKA BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katy Young YaroslavskyKATY YOUNG YAROSLAVSKY
DIRECTOR (UNTIL AUGUST 2022)
- Total calculated
- $0
- Hours/week
- 1
-
Jeff WilsonJEFF WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel LedgerDANIEL LEDGER
DIRECTOR (UNTIL DECEMBER 2022)
- Total calculated
- $0
- Hours/week
- 1
-
David FlemingDAVID FLEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie SewellLAURIE SEWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gene HaleGENE HALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lewis C HorneLEWIS C HORNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas M PriselacTHOMAS M PRISELAC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brook TaylorBROOK TAYLOR
DIRECTOR (UNTIL DECEMBER 2022)
- Total calculated
- $0
- Hours/week
- 1
-
Hale BehzadiHALE BEHZADI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven NissenSTEVEN NISSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monica BankenMONICA BANKEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rose NordbrockROSE NORDBROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom VandiverTOM VANDIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nataline LomedicoNATALINE LOMEDICO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SogomianMARK SOGOMIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick McClenahanPATRICK MCCLENAHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Praful KulkarniPRAFUL KULKARNI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff AssafJEFF ASSAF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justin ThompsonJUSTIN THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David FoleyDAVID FOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel TimmonsDANIEL TIMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SchweickertBRYAN SCHWEICKERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark PestrellaMARK PESTRELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lilly RochaLILLY ROCHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria CamachoMARIA CAMACHO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Devorah LiebermanDEVORAH LIEBERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly LobiancoKELLY LOBIANCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maura O'ConnorMAURA O'CONNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Reheis-BoydCATHERINE REHEIS-BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda OubreLINDA OUBRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arthur BilgerARTHUR BILGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Goetz WolffGOETZ WOLFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Luci IbarraLUCI IBARRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jayme S WilsonJAYME S WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Noel HacegabaDR NOEL HACEGABA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gene SerokaGENE SEROKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mariana HollidayMARIANA HOLLIDAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John LoftusJOHN LOFTUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey R JennisonJEFFREY R JENNISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zack SokoloffZACK SOKOLOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Schenae RourkSCHENAE ROURK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gene BlockGENE BLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Santiago MunozSANTIAGO MUNOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Effie Turnbull SandersEFFIE TURNBULL SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ellie CassonELLIE CASSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven OlsonSTEVEN OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela Yim-SullivanANGELA YIM-SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HillDAVID HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zanku AmernianZANKU AMERNIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott WitterSCOTT WITTER
DIRECTOR (UNTIL JANUARY 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Ron FriersonRON FRIERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Efrain EscobedoEFRAIN ESCOBEDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rudy MedinaRUDY MEDINA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
William C AllenWILLIAM C ALLEN
PRESIDENT/CEO
- Total calculated
- $528,778
- From this org
- $490,196
- From related orgs
- $0
- Other
- $38,582
- Hours/week
- 40 + 22 related
Schedule J breakdown matched by us
- Base
- $390,000
- Bonus
- $100,000
- Other
- $196
- Deferred
- $18,300
- Nontaxable benefits
- $20,282
- Filer's total
- $528,778
-
Stephen CheungSTEPHEN CHEUNG
EXECUTIVE VICE PRES./COO
- Total calculated
- $357,269
- From this org
- $318,425
- From related orgs
- $0
- Other
- $38,844
- Hours/week
- 40 + 22 related
Schedule J breakdown matched by us
- Base
- $293,229
- Bonus
- $25,000
- Other
- $196
- Deferred
- $18,300
- Nontaxable benefits
- $20,544
- Filer's total
- $357,269
-
Kendal R TurnerKENDAL R TURNER
EXECUTIVE VICE PRES./CFO
- Total calculated
- $288,947
- From this org
- $255,467
- From related orgs
- $0
- Other
- $33,480
- Hours/week
- 40 + 22 related
Schedule J breakdown matched by us
- Base
- $235,271
- Bonus
- $20,000
- Other
- $196
- Deferred
- $12,441
- Nontaxable benefits
- $21,039
- Filer's total
- $288,947
-
Jessica Kim KuJESSICA KIM KU
VP WORKFORCE & BUS. DEVELOPMENT
- Total calculated
- $167,685
- From this org
- $152,352
- From related orgs
- $0
- Other
- $15,333
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,189
- Bonus
- $15,000
- Other
- $163
- Deferred
- $5,678
- Nontaxable benefits
- $9,655
- Filer's total
- $167,685
-
Shannon SedwickSHANNON SEDWICK
DIR. INSTITUTE OF APPLIED ECONOMIC
- Total calculated
- $186,843
- From this org
- $166,237
- From related orgs
- $0
- Other
- $20,606
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,041
- Bonus
- $8,000
- Other
- $196
- Deferred
- $9,769
- Nontaxable benefits
- $10,837
- Filer's total
- $186,843
-
Robert A MachucaROBERT A MACHUCA
DISTRICT DIRECTOR
- Total calculated
- $170,440
- From this org
- $147,979
- From related orgs
- $0
- Other
- $22,461
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,979
- Bonus
- $15,000
- Other
- $0
- Deferred
- $8,879
- Nontaxable benefits
- $13,582
- Filer's total
- $170,440
-
Barbara LevineBARBARA LEVINE
DIRECTOR BUSINESS ASSISTANCE PROGRAM
- Total calculated
- $168,566
- From this org
- $147,979
- From related orgs
- $0
- Other
- $20,587
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,979
- Bonus
- $15,000
- Other
- $0
- Deferred
- $8,878
- Nontaxable benefits
- $11,709
- Filer's total
- $168,566
-
Melissa KhamvongsaMELISSA KHAMVONGSA
VICE PRESIDENT STRATEGIC RELATIONS
- Total calculated
- $252,436
- From this org
- $217,071
- From related orgs
- $0
- Other
- $35,365
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,875
- Bonus
- $15,000
- Other
- $196
- Deferred
- $13,012
- Nontaxable benefits
- $22,353
- Filer's total
- $252,436
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
TO SUPPORT THE MARKETING AND PROMOTION EFFORTS OF THE LOS ANGELES COUNTY REGION.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CALIFORNIA INDUSTRY EDUCATION INSTITUTE
501(C)(3) · DEVELOPING PROGRAMS WITH CA COLLEGES TO ASSIST THE GROWTH OF JOBS IN LA CNTY · CA · controlled entity
Directly controlled by ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY
-
ACTIVATE LA INC FKA EDC PRODUCT DEVELOPMENT FUND
501(C)(3) · EASE THE BURDENS OF GOVERNMENT BY ASSISTING ACTIVITIES OF A PUBLIC NATURE · CA · controlled entity
Directly controlled by ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY
-
WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH
501(C)(3) · PROMOTE INTERNATIONAL TRADE AND FOREIGN DIRECT INVESTMENT · CA · controlled entity
Directly controlled by ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349314342
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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