Nonprofit · EIN 68-0061291
LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LAKEPORT, CA 95453
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $229,521 | $273,808 | -$44,287 | $986,691 | $1,268,805 | -$282,114 |
| December 31, 2023 | 990-PF | $274,459 | $196,284 | $78,175 | $989,734 | $1,178,460 | -$188,726 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $180,460
- Interest
- $43,781
- Other income
- $5,280
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $73,816
- Disbursements for charitable purposes
- $273,808
Balance sheet and other
- Total assets, start of year
- $989,734
- Total assets, end of year
- $986,691
- Total liabilities, end of year
- $1,268,805
- Net assets, end of year
- -$282,114
- Fair market value of assets
- $986,691
- Qualifying distributions
- $273,808
- Net investment income
- $43,781
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNESTO PADILLA 925 BEVINS STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| ALAN FLORA 14050 OLYMPIC DRIVE, CLEARLAKE, CA 95422 | DIRECTOR | 2 | $0 |
| RICK WHITE 601 N FORBES STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| STEPHANIE ASHWORTH 15050 OLYMPIC DRIVE, CLEARLAKE, CA 95422 | VICE PRESIDE | 2 | $0 |
| TIM KARAS 1000 HENSLEY CREEK ROAD, UKIAH, CA 95482 | DIRECTOR | 2 | $0 |
| CHRIS MANSELL 2440 SOUTH MAIN STREET, LAKEPORT, CA 95453 | SEC/TREASURE | 5 | $0 |
| KEVIN INGRAM 225 PARK STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| SUSAN PARKER 255 N FORBES STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| KEVIN REYNOLDS 18649 HWY 175, MIDDLETOWN, CA 95461 | PRESIDENT | 5 | $0 |
| ROMAN ARROYO 650 N MAIN STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| LAURA MCANDREWS SAMMEL 875 LAKEPORT BLVD, LAKEPORT, CA 95453 | DIRECTOR | 5 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNESTO PADILLA 925 BEVINS STREET, LAKEPORT, CA 95453 | PRESIDENT | 5 | $0 |
| ALAN FLORA 14050 OLYMPIC DRIVE, CLEARLAKE, CA 95422 | DIRECTOR | 2 | $0 |
| RICK WHITE 601 N FORBES STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| STEPHANIE ASHWORTH 15050 OLYMPIC DRIVE, CLEARLAKE, CA 95422 | DIRECTOR | 2 | $0 |
| TIM KARAS 1000 HENSLEY CREEK ROAD, UKIAH, CA 95482 | DIRECTOR | 2 | $0 |
| CHRIS MANSELL 2440 SOUTH MAIN STREET, LAKEPORT, CA 95453 | SEC/TREASURE | 5 | $0 |
| KEVIN INGRAM 225 PARK STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| SUSAN PARKER 255 N FORBES STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| KEVIN REYNOLDS 18649 HWY 175, MIDDLETOWN, CA 95461 | DIRECTOR | 2 | $0 |
| ROMAN ARROYO 650 N MAIN STREET, LAKEPORT, CA 95453 | DIRECTOR | 2 | $0 |
| LAURA MCANDREWS SAMMEL 875 LAKEPORT BLVD, LAKEPORT, CA 95453 | VICE PRESIDE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1257, LAKEPORT, CA 95453-1257
- Signed the 990-PF
- KEVIN REYNOLDS, PRESIDENT
- Phone
- (707) 263-6217
- Website
- HTTPS://LAKECOUNTYCDC.ORG
- Return prepared by
- ROBERTSON & ASSOCIATES CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0061291 or by the name LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 68-0061291
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $986,691
- Income (IRS master file)
- $229,521
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $229,521 | $273,808 | $986,691 | XML |
| 990-PF | December 2023 | $274,459 | $196,284 | $989,734 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 68-0061291).
Questions about LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION is 68-0061291.
- Is LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does LAKE COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $229,521, expenses of $273,808 and total assets of $986,691 at year end.
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