Form 990 for tax year 2024
Filed by ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES.
Totals
- Total revenue
- $9,176,161
- Total expenses
- $9,994,572
- Contributions and grants received
- $4,652,467
- Grants paid
- $0
- Program service revenue
- $3,494,136
- Investment income
- $949,050
- Other revenue
- $80,508
- Total assets, end of year
- $35,302,763
- Total liabilities, end of year
- $6,147,033
- Net assets or fund balances, end of year
- $29,155,730
- Program services expenses (Part IX)
- $8,877,242
- Management and general expenses
- $543,198
- Fundraising expenses
- $574,132
- Program service expenses (Part III)
- $8,877,242
Program services were 88.8% 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.
-
1b · Membership dues
$1,892,500
-
1e · Government grants (contributions)
$2,319,981
-
1f · All other contributions, gifts and grants
$439,986
-
2a · Program service revenue: CONSULTING & SERVICE CONTRACTS
total $2,766,618 · related or exempt $2,766,618
-
2b · Program service revenue: SPONSORED EVENT PROGRAMS
total $727,518 · related or exempt $727,518
-
3 · Investment income
total $640,606 · excluded $640,606
-
6a · Gross rents
real property $77,008
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $77,008
-
6d · Net rental income or loss
total $77,008 · excluded $77,008
-
7a · Gross sales of assets other than inventory
securities $6,665,000
-
7b · Less cost or other basis and sales expenses
securities $6,356,556
-
7c · Gain or loss
securities $308,444
-
7d · Net gain or loss
total $308,444 · excluded $308,444
-
11a · Other revenue: OTHER INCOME
total $3,500 · excluded $3,500
-
11e · Other revenue, total
$3,500
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,408,671 · program services $1,354,462 · management and general $34,128 · fundraising $20,081
-
7 · Other salaries and wages
total $3,372,535 · program services $3,242,751 · management and general $81,707 · fundraising $48,077
-
8 · Pension plan contributions
total $146,888 · program services $141,235 · management and general $3,559 · fundraising $2,094
-
9 · Other employee benefits
total $712,885 · program services $685,453 · management and general $17,270 · fundraising $10,162
-
10 · Payroll taxes
total $360,570 · program services $346,694 · management and general $8,736 · fundraising $5,140
-
11b · Fees: legal
total $354 · program services $350 · management and general $4
-
11c · Fees: accounting
total $72,999 · program services $72,068 · management and general $919 · fundraising $12
-
11f · Fees: investment management
total $148,721 · management and general $148,721
-
11g · Fees: other
total $1,570,718 · program services $1,555,649 · management and general $14,872 · fundraising $197
-
12 · Advertising and promotion
total $16,783 · program services $16,464 · fundraising $319
-
13 · Office expenses
total $63,383 · program services $49,106 · management and general $13,830 · fundraising $447
-
14 · Information technology
total $242,199 · program services $190,811 · management and general $49,784 · fundraising $1,604
-
16 · Occupancy
total $499,571 · program services $412,523 · management and general $85,755 · fundraising $1,293
-
17 · Travel
total $117,192 · program services $84,156 · management and general $32,719 · fundraising $317
-
19 · Conferences, conventions and meetings
total $999,678 · program services $507,223 · management and general $10,272 · fundraising $482,183
-
22 · Depreciation, depletion and amortization
total $109,097 · program services $90,860 · management and general $18,237
-
23 · Insurance
total $45,036 · program services $37,750 · management and general $7,286
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $75,792 · program services $58,187 · management and general $15,399 · fundraising $2,206
-
24b · Other expenses: UNCOLLECTIBLE ACCOUNTS
total $31,500 · program services $31,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,326,102 · end of year $1,446,248
-
2 · Savings and temporary cash investments
beginning of year $1,746,089 · end of year $1,718,280
-
3 · Pledges and grants receivable
beginning of year $1,880,021 · end of year $1,614,749
-
9 · Prepaid expenses and deferred charges
beginning of year $303,070 · end of year $304,555
-
10a · Land, buildings and equipment: cost or other basis
$861,804
-
10b · Land, buildings and equipment: accumulated depreciation
$476,048
-
10c · Land, buildings and equipment, net
beginning of year $488,356 · end of year $385,756
-
11 · Investments: publicly traded securities
beginning of year $18,038,428 · end of year $20,291,390
-
12 · Investments: other securities
beginning of year $6,165,000 · end of year $4,855,105
-
15 · Other assets
beginning of year $4,406,864 · end of year $4,686,680
-
17 · Accounts payable and accrued expenses
beginning of year $1,449,241 · end of year $1,274,189
-
19 · Deferred revenue
beginning of year $300,745 · end of year $483,135
-
25 · Other liabilities
beginning of year $4,480,040 · end of year $4,389,709
-
27 · Net assets without donor restrictions
beginning of year $28,123,904 · end of year $28,655,730
-
28 · Net assets with donor restrictions
end of year $500,000
Mission and programs · 2024
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, 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, PARTICULARY IN THE ECONOMICALLY DISTRESSED AREAS OF SAID COUNTY. THROUGH THE COLLABORATION WITH COMMUNITY, GOVERNMENT, BUSINESS, LABOR AND EDUCATION PARTNERS TO INFORM AND ADVANCE OUR DATA - DRIVEN AND EVIDENCE-BASED APPROACH, WE ENDEAVOR TO ACHIEVE A REIMAGINED REGIONAL ECONOMY - GROWING, EQUITABLE, SUSTAINABLE, AND RESILIENT- THAT PROVIDES HEALTHY AND HIGH STANDARD OF LIVING FOR ALL.
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.
-
BUSINESS ASSISTANCE PROGRAMTHE LAEDC PROVIDES FREE ASSISTANCE TO SMALL BUSINESSES AND MICROENTERPRISES THROUGHOUT LOS ANGELES COUNTY, WITH A FOCUS ON WOMEN AND MINORITY-OWNED BUSINESSES. DURING THE FISCAL YEAR, NUMEROUS BUSINESSES WERE REACHED THROUGH MULTICHANNEL OUTREACH, AND ONE-ON-ONE TECHNICAL ASSISTANCE WAS PROVIDED TO ADDRESS CHALLENGES IN THE CURRENT ECONOMY AND SUPPORT LOCAL JOB GROWTH.IN 2025, HELPED SAVE OVER 1,000+ JOBS, PROVIDED DIRECT CONSULTING TO NEARLY 2,000+ SMALL BUSINESS ACROSS LOS ANGELES AND HOSTED OVER 150+ IN-PERSON VIRTUAL BUSINESS EDUCATION EVENTS.
Expenses $4,661,790 · Revenue $1,023,968
-
INSTITUTE FOR APPLIED ECONOMICSTHE LAEDC INSTITUTE FOR APPLIED ECONOMICS PROVIDES OBJECTIVE AND COMPREHENSIVE ECONOMIC AND POLICY ANALYSIS TO CLIENTS AND THE BROADER PUBLIC. THE INSTITUTE ALSO OFFERS PUBLIC WEBINARS ADDRESSING ECONOMIC TRENDS AND ISSUES THROUGHOUT THE YEAR.IN THE FISCAL YEAR, THE ORGANIZATION CONDUCTED ECONOMIC RESEARCH AND IMPACT REPORTS FOR APPROXIMATELY 16 CLIENTS.
Expenses $996,461 · Revenue $266,102
-
ECONOMIC FOCUSED EVENTSTHE LAEDC HOSTED THE EDDY AWARDS, LAEDC'S SIGNATURE STRATEGIC ENGAGEMENT EVENT AND ONLY ANNUAL FUNDRAISER. THE EDDY AWARDS, THE ORGANIZATION'S MOST PRESTIGIOUS RECOGNITION PROGRAM, HONORS OUTSTANDING LEADERSHIP IN ECONOMIC DEVELOPMENT ACROSS BUSINESS, EDUCATION, GOVERNMENT, AND COMMUNITY PARTNERSHIPS WITHIN LOS ANGELES COUNTY.IN 2025, THE LAEDC HOSTED THE FOLLOWING MAJOR EVENT: EDDY AWARDS (NOVEMBER 2024).
Expenses $490,034 · Revenue $360,387
-
WORKFORCE DEVELOPMENTLAEDC'S 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 IS INTEGRATED INTO LAEDC'S RESEARCH, BUSINESS ASSISTANCE, INDUSTRY COUNCIL WORK AND THE FABRIC OF OUR MISSION. WE WORK IN BOTH THE STRATEGIC LEADERSHIP CAPACITY TO SUPPORT SYSTEMS CHANGE AND IN A PROGRAMMATIC ACTION LEVEL TO DRIVE PROGRESS.DURING THE YEAR, THE ORGANIZATION ENGAGED WITH 25,000+ LOS ANGELES COUNTY STUDENTS AND JOB SEEKERS. COLLABORATED TO ALIGN TRAINING WITH INDUSTRY DEMAND WITH 250+ EMPLOYER AND COLLEGES.STRATEGIC INITIATIVESTHE LAEDC IMPLEMENTED A SERIES OF STRATEGIC INITIATIVES TO ADDRESS THE EVOLVING NEEDS OF THE REGIONAL LABOR MARKET. THESE EFFORTS INCLUDED COLLABORATING WITH LOCAL COMMUNITY COLLEGES TO DEVELOP CURRICULUM ALIGNED WITH INDUSTRY DEMANDS AND SUPPORTING WORKERS SEEKING TO RE-ENTER THE WORKFORCE. ADDITIONALLY, THE ORGANIZATION ADVANCED ITS DIGITAL EQUITY PROGRAM TO BRIDGE THE DIGITAL DIVIDE, PROVIDING ACCESS AND RESOURCES TO UNDERSERVED COMMUNITIES TO ENHANCE WORKFORCE READINESS AND ECONOMIC OPPORTUNITIES.SPECIAL PROJECTS (CALIFORNIA JOBS FIRST)THE CALIFORNIA JOBS FIRST PROGRAM, WITH THE LAEDC SERVING AS THE REGIONAL CONVENER, IS FOCUSED ON FOSTERING DIVERSE LOCAL ECONOMIES AND BUILDING SUSTAINABLE INDUSTRIES ACROSS LOS ANGELES COUNTY. THIS INITIATIVE AIMS TO GENERATE HIGH-QUALITY, ACCESSIBLE EMPLOYMENT OPPORTUNITIES WHILE PROMOTING EQUITABLE AND INCLUSIVE ECONOMIC GROWTH THROUGHOUT THE REGION.IN 2025, CALIFORNIA JOBS FIRST PROJECT SECURED $2 MILLION IN STATE FUNDING TO SUPPORT WILDFIRE RECOVERY AND RESILIENCE EFFORTS.COED (CENTER OF ECONOMIC DEVELOPMENT)THE SOUTHERN CALIFORNIA LEADERSHIP COUNCIL, A PROGRAM SPONSORED BY THE LAEDC AND ALSO KNOWN AS THE CENTER FOR ECONOMIC DEVELOPMENT, PLAYS A CRITICAL ROLE IN ENSURING THE REGION'S ECONOMIC VITALITY AND QUALITY OF LIFE. ADDRESSING THE COMPLEX ECONOMIC AND SOCIAL CHALLENGES FACING SOUTHERN CALIFORNIA REQUIRES EFFECTIVE LEADERSHIP, WHICH IS OFTEN HINDERED BY THE REGION'S VAST SIZE AND MULTIFACETED NATURE. THE COUNCIL WORKS TO PROVIDE STRATEGIC GUIDANCE AND FOSTER COLLABORATION TO TACKLE THESE ISSUES AND PROMOTE SUSTAINABLE GROWTH.
Expenses $2,728,957 · Revenue $1,843,679
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Adam BurkeADAM BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela Yim-SullivanANGELA YIM-SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara JonesBARBARA JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill DacuntoBILL DACUNTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brennon CristBRENNON CRIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett HowroydBRETT HOWROYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan LeroyBRYAN LEROY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SarkosasBRYAN SARKOSAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SchweickertBRYAN SCHWEICKERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carissa SmithCARISSA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel TimmonsDANIEL TIMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David AbelDAVID ABEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David FoleyDAVID FOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HillDAVID HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David TuckerDAVID TUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diana BoyadjianDIANA BOYADJIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Narineh MakijianDR NARINEH MAKIJIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Noel HacegabaDR NOEL HACEGABA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Effie Turnbull SandersEFFIE TURNBULL SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Efrain EscobedoEFRAIN ESCOBEDO
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Eric BullardERIC BULLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erika BeckERIKA BECK
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
-
Gene HaleGENE HALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerard OrozcoGERARD OROZCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hale BehzadiHALE BEHZADI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane ConoleyJANE CONOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff WilsonJEFF WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey R JennisonJEFFREY R JENNISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jodie LeshJODIE LESH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John AckermanJOHN ACKERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John LoftusJOHN LOFTUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose GomezJOSE GOMEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen RawsonKATHLEEN RAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly LobiancoKELLY LOBIANCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie SewellLAURIE SEWELL
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Les McCabeLES MCCABE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lilly RochaLILLY ROCHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark PestrellaMARK PESTRELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SogomianMARK SOGOMIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maura O'ConnorMAURA O'CONNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Minal MondkarMINAL MONDKAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monica BankenMONICA BANKEN
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
-
Ron FriersonRON FRIERSON
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Santiago MunozSANTIAGO MUNOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Schenae RourkSCHENAE ROURK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven NissenSTEVEN NISSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas ParhamTHOMAS PARHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom VandiverTOM VANDIVER
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
-
Zack SokoloffZACK SOKOLOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zanku AmernianZANKU AMERNIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane NavarriaJANE NAVARRIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hans GettyHANS GETTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam LaneADAM LANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Peter SlavinDR PETER SLAVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg SkalaskiGREG SKALASKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve HennesseySTEVE HENNESSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer PoulakidasJENNIFER POULAKIDAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James LimbaughJAMES LIMBAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis HuangDENNIS HUANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy PerezANDY PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose GardeaJOSE GARDEA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric RowenERIC ROWEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah HarrisSARAH HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandy HanBRANDY HAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yesenia MonsourYESENIA MONSOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Keith CurryDR KEITH CURRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Conrado AyalaCONRADO AYALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kash HussainKASH HUSSAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica GodinezJESSICA GODINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kellie Todd GriffinKELLIE TODD GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jared YoshikiJARED YOSHIKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacques NackJACQUES NACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill KurthJILL KURTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HillsDAVID HILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deb VranaDEB VRANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyle BrownKYLE BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lilit ZibariLILIT ZIBARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen SessionsKAREN SESSIONS
DIRECTOR UNTIL 07/2025
- Total calculated
- $0
- Hours/week
- 1
-
Ellie CassonELLIE CASSON
DIRECTOR UNTIL 06/2025
- Total calculated
- $0
- Hours/week
- 1
-
Gene BlockGENE BLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Goetz WolffGOETZ WOLFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jayme S WilsonJAYME S WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph VillelaJOSEPH VILLELA
DIRECTOR UNTIL 06/2025
- Total calculated
- $0
- Hours/week
- 1
-
Rose NordbrockROSE NORDBROCK
DIRECTOR UNTIL 05/2025
- Total calculated
- $0
- Hours/week
- 1
-
Arthur BilgerARTHUR BILGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Reheis-BoydCATHERINE REHEIS-BOYD
DIRECTOR UNTIL 06/2026
- Total calculated
- $0
- Hours/week
- 1
-
David FlemingDAVID FLEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Spencer SmithSPENCER SMITH
DIRECTOR UNTIL 12/2024
- Total calculated
- $0
- Hours/week
- 1
-
Thomas WingardTHOMAS WINGARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel LedgerDANIEL LEDGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen CheungSTEPHEN CHEUNG
PRESIDENT AND CEO
- Total calculated
- $426,154
- From this org
- $401,374
- From related orgs
- $0
- Other
- $24,780
- Hours/week
- 40 + 23 related
Schedule J breakdown matched by us
- Base
- $351,374
- Bonus
- $50,000
- Other
- $0
- Deferred
- $20,700
- Nontaxable benefits
- $4,080
- Filer's total
- $426,154
-
Kendal R TurnerKENDAL R TURNER
EXECUTIVE VICE PRES./CFO
- Total calculated
- $277,888
- From this org
- $256,969
- From related orgs
- $0
- Other
- $20,919
- Hours/week
- 40 + 23 related
Schedule J breakdown matched by us
- Base
- $236,969
- Bonus
- $20,000
- Other
- $0
- Deferred
- $16,839
- Nontaxable benefits
- $4,080
- Filer's total
- $277,888
-
Jermaine HamptonJERMAINE HAMPTON
VP WORKFORCE DEV'T & SPECIAL PROJECTS
- Total calculated
- $221,852
- From this org
- $211,685
- From related orgs
- $0
- Other
- $10,167
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $201,685
- Bonus
- $10,000
- Other
- $0
- Deferred
- $6,087
- Nontaxable benefits
- $4,080
- Filer's total
- $221,852
-
Shannon SedgwickSHANNON SEDGWICK
SR. DIR. FOR INSTITUTE OF APPLIED ECONOMICS
- Total calculated
- $184,324
- From this org
- $173,281
- From related orgs
- $0
- Other
- $11,043
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $162,881
- Bonus
- $10,000
- Other
- $400
- Deferred
- $11,043
- Nontaxable benefits
- $0
- Filer's total
- $184,324
-
Alison ClarkALISON CLARK
VP BUS. ASSISTANCE & INT'L TRADE
- Total calculated
- $188,703
- From this org
- $182,812
- From related orgs
- $0
- Other
- $5,891
- Hours/week
- 30 + 20 related
Schedule J breakdown matched by us
- Base
- $177,812
- Bonus
- $5,000
- Other
- $0
- Deferred
- $5,891
- Nontaxable benefits
- $0
- Filer's total
- $188,703
-
Linden JohnsonLINDEN JOHNSON
SR. DIR. BUS. ASSIST. PROGRAM
- Total calculated
- $150,852
- From this org
- $144,177
- From related orgs
- $0
- Other
- $6,675
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,177
- Bonus
- $5,000
- Other
- $0
- Deferred
- $6,675
- Nontaxable benefits
- $0
- Filer's total
- $150,852
-
William PowlesWILLIAM POWLES
SR. DIR. INTERNATIONAL TRADE
- Total calculated
- $156,572
- From this org
- $149,284
- From related orgs
- $0
- Other
- $7,288
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $141,784
- Bonus
- $7,500
- Other
- $0
- Deferred
- $7,288
- Nontaxable benefits
- $0
- Filer's total
- $156,572
-
Sonia EstradaSONIA ESTRADA
SR. DIR. ACCOUNTING & ADMINISTRATION
- Total calculated
- $151,939
- From this org
- $138,422
- From related orgs
- $0
- Other
- $13,517
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,422
- Bonus
- $6,000
- Other
- $0
- Deferred
- $9,437
- Nontaxable benefits
- $4,080
- Filer's total
- $151,939
-
Barbara LevinBARBARA LEVIN
SR. DIR. OF STRATEGIC PARTNERSHIP
- Total calculated
- $142,805
- From this org
- $132,810
- From related orgs
- $0
- Other
- $9,995
- Hours/week
- 40
-
Charles JohnsonCHARLES JOHNSON
DIR. INDUSTRY CLUSTER DEVELOPMENT
- Total calculated
- $147,574
- From this org
- $138,544
- From related orgs
- $0
- Other
- $9,030
- Hours/week
- 40
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
- 4a · Severance or change-of-control payment
Answered no
- 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
The filer's explanations (Part III)
- PART I, LINE 4A
- IN 2024, ALISON CLARK, WHO SERVED AS VICE PRESIDENT BUSINESS ASSISTANCE AND INTERNATIONAL TRADE, RECEIVED SEVERANCE COMPENSATION TOTALING $21,590. CHARLES JOHNSON, WHO SERVED AS DIRECTOR OF INDUSTRY CLUSTER DEVELOPMENT, RECEIVED SEVERANCE COMPENSATION TOTALING $11,655. LINDEN JOHNSON, WHO SERVED AS SENIOR DIRECTOR OF BUSINESS ASSISTANCE PROGRAM, RECEIVED SEVERANCE COMPENSATION TOTALING $44,423.
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
No itemized grants to organizations on this return.
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
- 2024
- Filed
- 14 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349310860
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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