ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES

As filed

Subsection

03

Classification

1000

Street

633 W 5TH ST STE 3300

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 3300). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• ACTIVATE LA INC

  EIN 95-4482158

• CALIFORNIA INDUSTRY EDUCATION INSTITUTE

  EIN 95-4482044

• WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH

  EIN 33-0190964

Mission and programs · 2024

• 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $9,176,161

  Expenses

  $9,994,572

  Contributions

  $4,652,467

  Grants paid

  $0

• 2023

  Revenue

  $9,039,405

  Expenses

  $8,528,500

  Contributions

  $3,314,027

  Grants paid

  $155,000

• 2022

  Revenue

  $5,828,748

  Expenses

  $7,869,790

  Contributions

  $3,079,228

  Grants paid

  $220,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $9,374,870

  Expenses

  $9,087,793

  Assets (EOY)

  $29,436,314

• 2020 · 990

  Revenue

  $9,257,630

  Expenses

  $7,687,969

  Assets (EOY)

  $33,754,787

• 2019 · 990

  Revenue

  $7,272,420

  Expenses

  $7,364,800

  Assets (EOY)

  $26,830,244

• 2018 · 990

  Revenue

  $7,363,304

  Expenses

  $7,936,555

  Assets (EOY)

  $26,714,670

• 2017 · 990

  Revenue

  $6,861,437

  Expenses

  $7,653,377

  Assets (EOY)

  $27,633,363

• 2016 · 990

  Revenue

  $6,901,063

  Expenses

  $7,389,453

  Assets (EOY)

  $28,373,242

• 2015 · 990

  Revenue

  $7,205,037

  Expenses

  $7,594,525

  Assets (EOY)

  $27,150,432

• 2014 · 990

  Revenue

  $6,593,695

  Expenses

  $7,133,605

  Assets (EOY)

  $28,326,427

• 2013 · 990

  Revenue

  $5,314,628

  Expenses

  $6,502,179

  Assets (EOY)

  $28,160,947

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $6,181,120

  Assets (EOY)

  $27,846,899

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH

  $220,000

  2022 · TO SUPPORT THE MARKETING AND PROMOTION EFFORTS OF THE LOS ANGELES COUNTY REGION.

• WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH

  $155,000

  2023 · TO SUPPORT THE MARKETING AND PROMOTION EFFORTS OF THE LOS ANGELES COUNTY REGION.

Where these grants went next →

Grants received

• UNITE-LA INC

  $183,500

  2024 · general support

• CALIFORNIA EMERGING TECHNOLOGY FUND

  $120,000

  2024 · to support programs that increase broadband awareness and adoption

• AMERICAN ONLINE GIVING FOUNDATION INC

  $101,500

  2024 · GENERAL SUPPORT

• AMERICAN ONLINE GIVING FOUNDATION INC

  $85,000

  2023 · GENERAL SUPPORT

• AMERICA ACHIEVES INC

  $40,000

  2023 · EDUCATION TO EMPLOYMENT (E2E) SUB-GRANTS

• THE BLACKBAUD GIVING FUND

  $25,000

  2025 · GENERAL SUPPORT

• MAYORS FUND FOR LOS ANGELES

  $25,000

  2023 · GENERAL OPERATING SUPPORT

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $20,000

  2022 · For grant recipient's exempt purposes

• PIPKIN CHARITABLE FOUNDATION

  $20,000

  2023 · ECONOMIC OPPORTUNITY

• DONOR ADVISED CHARITABLE GIVING

  $20,000

  2022 · PUBLIC, SOCIETAL BENEFIT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files