Nonprofit · EIN 95-3457545
BAY AREA EMPLOYMENT DEVELOPMENT COMPANY
Tax-exempt · NAPA, CA 94559
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,965,067 | $4,730,573 | $234,494 | $4,015,435 | $1,201,666 | $2,813,769 |
| September 30, 2024 | 990 (amended) | $4,535,410 | $3,998,105 | $537,305 | $3,697,089 | $1,156,573 | $2,540,516 |
| September 30, 2023 | 990 | $5,131,867 | $4,439,699 | $692,168 | $2,359,655 | $356,444 | $2,003,211 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,912,988
- Investment income
- $49,726
- Other revenue
- $2,353
Expenses
- Grants and similar amounts paid
- $36,000
- Compensation of officers, directors and key employees
- $174,000
- Other salaries and wages
- $2,523,698
- Salaries, compensation and benefits (total)
- $3,387,759
- Professional fundraising fees
- $0
- Legal fees
- $396,200
- Accounting fees
- $58,956
- Occupancy
- $107,042
- Travel
- $108,204
- Program services (functional)
- $3,937,638
- Management and general (functional)
- $792,935
Balance sheet and other
- Total assets, start of year
- $3,697,089
- Total assets, end of year
- $4,015,435
- Total liabilities, end of year
- $1,201,666
- Net assets, end of year
- $2,813,769
- Land, buildings and equipment
- $8,185
- Net assets without donor restrictions
- $2,813,769
- Gross receipts
- $4,965,067
- Employees
- 19
- Year formed
- 1978
- State of legal domicile
- CA
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 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Richard Grant | CEO Officer | 40 | $503,271 | $31,340 |
| Mark Schwan | Senior VP | 40 | $198,177 | $34,748 |
| Isiah Alcantar | SVP & Marketing Manager | 40 | $165,900 | $27,695 |
| Kimberly Shinjo | VP Loan Analyst and Underwriter | 40 | $144,700 | $30,800 |
| Richard Hildebrand | Senior VP / Maket Manager | 40 | $152,783 | $13,087 |
| Susan Dunlap | Portfolio Manager | 40 | $154,360 | $10,140 |
| Robert Thompson | Senior VP | 40 | $126,582 | $23,608 |
| James Baird | Director Officer | 40 | $150,000 | $0 |
| Heather Ashbridge | VP Loan Analyst | 40 | $137,220 | $8,280 |
| Eleni Caryotakis | VP Loan Analyst | 40 | $128,958 | $3,542 |
| Walter Menzel | Vice President Trustee or director | 1 | $4,000 | $0 |
| Torran Nixon | Director Trustee or director | 1 | $4,000 | $0 |
| Michael Johnson | President Trustee or director | 1 | $4,000 | $0 |
| Scott Hauge | Director Trustee or director | 1 | $4,000 | $0 |
| Bonnie Lipscomb | Treasurer Trustee or director | 1 | $4,000 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Olivia Rebanal | Director Trustee or director | 1 | $4,000 |
| Francine Boards | Director Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Grant | CEO | 40 | $395,845 |
| Mark Schwan | Senior VP | 40 | $261,870 |
| Kimberly Shinjo | Loan Analyst | 40 | $171,000 |
| Susan Dunlap | Portfolio Manager | 40 | $158,500 |
| Robert Thompson | Senior VP | 40 | $158,290 |
| James Baird | Director Trustee or director | 40 | $137,500 |
| Walter Menzel | Vice President Trustee or director | 1 | $4,000 |
| Torran Nixon | Director Trustee or director | 1 | $4,000 |
| Michael Johnson | President Trustee or director | 1 | $4,000 |
| Scott Hauge | Director Trustee or director | 1 | $4,000 |
| Bonnie Lipscomb | Treasurer Trustee or director | 1 | $4,000 |
| Olivia Rebanal | Director Trustee or director | 1 | $4,000 |
| Francine Boards | Director Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Richard Grant | CEO | 40 | $389,276 | $11,250 |
| Joseph Lampe | Senior VP | 40 | $320,738 | $30,000 |
| Fletcher Chang | Loan Analyst | 40 | $189,225 | $9,754 |
| Robert Thompson | Vice President | 40 | $165,102 | $29,486 |
| Mark Schwan | Senior VP | 40 | $166,785 | $18,750 |
| James Baird | Director Trustee or director | 40 | $150,000 | $0 |
| Walter Menzel | Vice President Trustee or director | 1 | $4,000 | $0 |
| Torran Nixon | Director Trustee or director | 1 | $4,000 | $0 |
| Michael Johnson | President Trustee or director | 1 | $4,000 | $0 |
| Scott Hauge | Director Trustee or director | 1 | $4,000 | $0 |
| Bonnie Lipscomb | Treasurer Trustee or director | 1 | $4,000 | $0 |
| Olivia Rebanal | Director Trustee or director | 1 | $4,000 | $0 |
| Francine Boards | Director Trustee or director | 1 | $0 | $0 |
| Scott Rodde | Former Director - Current Counsel | 20 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 THIRD ST STE C, NAPA, CA 94559-2866
- Principal officer (990 for 2024)
- Michael Johnson, 1855 Gateway Blvd Suite 720, Concord, CA 94520
- Signed the 990
- Michael Johnson, President
- Phone
- (925) 926-1020
- Website
- www.baydevco.com
- Return prepared by
- Pinnacle Accounting & Financial Services
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3457545 or by the name BAY AREA EMPLOYMENT DEVELOPMENT COMPANY.
- 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)
Mission
Assist growing small businesses obtain low cost optimally structured financing for fixed asset expansions which helps them retain and create jobs and assist their communities with neighborhood commercial revitalization efforts.
Program accomplishments
- Bay Area Employment Development Company BDC is licensed by the U.S. Small Business Administration, a federal agency, as a certified development company, for the purpose of making 504 loans to eligible small businesses. BDC uses 504 financing to assist growing small businesses obtain low cost financing for fixed asset expansions which helps them retain and create jobs and assist their communities with commercial revitalization efforts. Since its inception, BDC has provided 2,554 small businesses with over $1.8 billion of 504 financing and over $5 billion of funding overall. This has helped those companies create and retain approximately 28,000 jobs. Over 1/3 of the businesses funded are in low and moderate income areas and over 1/3 of their clients are women and minority owned businesses.Expenses $3,937,638
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 95-3457545
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,015,435
- Income (IRS master file)
- $4,965,067
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,965,067 | $4,730,573 | $4,015,435 | XML |
| 990 | September 2024 | $4,535,410 | $3,959,346 | $3,697,089 | XML |
| 990 | September 2023 | $5,131,867 | $4,439,699 | $2,359,655 | XML |
| 990 | September 2022 | $5,006,883 | $4,660,301 | $1,691,619 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 95-3457545).
Questions about BAY AREA EMPLOYMENT DEVELOPMENT COMPANY
- What is the EIN of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY?
- The employer identification number (EIN) of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY is 95-3457545.
- Is BAY AREA EMPLOYMENT DEVELOPMENT COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1980.
- Are donations to BAY AREA EMPLOYMENT DEVELOPMENT COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BAY AREA EMPLOYMENT DEVELOPMENT COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAY AREA EMPLOYMENT DEVELOPMENT COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY?
- The 990 for the year ended September 30, 2025 names Michael Johnson.
- Who are the officers and directors of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY?
- The 990 for the year ended September 30, 2025 lists 17 people; 16 received compensation from the organization, the highest $503,271 (Richard Grant, CEO).
- How much revenue does BAY AREA EMPLOYMENT DEVELOPMENT COMPANY have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,965,067, expenses of $4,730,573 and total assets of $4,015,435 at year end.
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