Nonprofit · EIN 95-3643339
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES
Tax-exempt · LOS ANGELES, CA 90071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,176,161 | $9,994,572 | -$818,411 | $35,302,763 | $6,147,033 | $29,155,730 |
| June 30, 2024 | 990 | $9,039,405 | $8,528,500 | $510,905 | $34,353,930 | $6,230,026 | $28,123,904 |
| June 30, 2023 | 990 | $5,828,748 | $7,869,790 | -$2,041,042 | $33,343,547 | $5,880,710 | $27,462,837 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,652,467
- of which government grants
- $2,319,981
- Membership dues
- $1,892,500
- Program service revenue
- $3,494,136
- Investment income
- $949,050
- Net rental income
- $77,008
- Net gain from sales of assets
- $308,444
- Other revenue
- $80,508
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,408,671
- Other salaries and wages
- $3,372,535
- Salaries, compensation and benefits (total)
- $6,001,549
- Professional fundraising fees
- $0
- Legal fees
- $354
- Accounting fees
- $72,999
- Occupancy
- $499,571
- Travel
- $117,192
- Depreciation
- $109,097
- Program services (functional)
- $8,877,242
- Management and general (functional)
- $543,198
- Fundraising (functional)
- $574,132
Balance sheet and other
- Total assets, start of year
- $34,353,930
- Total assets, end of year
- $35,302,763
- Total liabilities, end of year
- $6,147,033
- Net assets, end of year
- $29,155,730
- Land, buildings and equipment
- $385,756
- Publicly traded securities
- $20,291,390
- Net assets without donor restrictions
- $28,655,730
- Net assets with donor restrictions
- $500,000
- Gross receipts
- $15,532,717
- Employees
- 37
- Volunteers
- 93
- Year formed
- 1981
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN CHEUNG | PRESIDENT AND CEO Officer | 40 | $401,374 | $24,780 |
| KENDAL R TURNER | EXECUTIVE VICE PRES./CFO Officer | 40 | $256,969 | $20,919 |
| JERMAINE HAMPTON | VP WORKFORCE DEV'T & SPECIAL PROJECTS Key employee | 50 | $211,685 | $10,167 |
| ALISON CLARK | VP BUS. ASSISTANCE & INT'L TRADE Key employee | 30 | $182,812 | $5,891 |
| SHANNON SEDGWICK | SR. DIR. FOR INSTITUTE OF APPLIED ECONOMICS Key employee | 50 | $173,281 | $11,043 |
| WILLIAM POWLES | SR. DIR. INTERNATIONAL TRADE Highest-paid employee | 0 | $149,284 | $7,288 |
| SONIA ESTRADA | SR. DIR. ACCOUNTING & ADMINISTRATION Highest-paid employee | 40 | $138,422 | $13,517 |
| LINDEN JOHNSON | SR. DIR. BUS. ASSIST. PROGRAM Highest-paid employee | 40 | $144,177 | $6,675 |
| CHARLES JOHNSON | DIR. INDUSTRY CLUSTER DEVELOPMENT Highest-paid employee | 40 | $138,544 | $9,030 |
| BARBARA LEVIN | SR. DIR. OF STRATEGIC PARTNERSHIP Highest-paid employee | 40 | $132,810 | $9,995 |
| ADAM BURKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA YIM-SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL DACUNTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENNON CRIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
91 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT HOWROYD | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN LEROY | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN SARKOSAS | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN SCHWEICKERT | DIRECTOR Trustee or director | 1 | $0 |
| CARISSA SMITH | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL TIMMONS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ABEL | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FOLEY | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HILL | DIRECTOR Trustee or director | 1 | $0 |
| DAVID TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| DIANA BOYADJIAN | DIRECTOR Trustee or director | 1 | $0 |
| DR NARINEH MAKIJIAN | DIRECTOR Trustee or director | 1 | $0 |
| DR NOEL HACEGABA | DIRECTOR Trustee or director | 1 | $0 |
| EFFIE TURNBULL SANDERS | DIRECTOR Trustee or director | 1 | $0 |
| EFRAIN ESCOBEDO | CO-CHAIR Trustee or director, Officer | 1 | $0 |
| ERIC BULLARD | DIRECTOR Trustee or director | 1 | $0 |
| ERIKA BECK | DIRECTOR Trustee or director | 1 | $0 |
| FESIA DAVENPORT | DIRECTOR Trustee or director | 1 | $0 |
| FRANCES TEVES | DIRECTOR Trustee or director | 1 | $0 |
| GENE HALE | DIRECTOR Trustee or director | 1 | $0 |
| GERARD OROZCO | DIRECTOR Trustee or director | 1 | $0 |
| HALE BEHZADI | DIRECTOR Trustee or director | 1 | $0 |
| JANE CONOLEY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF WILSON | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY R JENNISON | DIRECTOR Trustee or director | 1 | $0 |
| JODIE LESH | DIRECTOR Trustee or director | 1 | $0 |
| JOHN ACKERMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN LOFTUS | DIRECTOR Trustee or director | 1 | $0 |
| JOSE GOMEZ | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN RAWSON | DIRECTOR Trustee or director | 1 | $0 |
| KELLY LOBIANCO | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE SEWELL | CO-CHAIR Trustee or director, Officer | 1 | $0 |
| LES MCCABE | DIRECTOR Trustee or director | 1 | $0 |
| LILLY ROCHA | DIRECTOR Trustee or director | 1 | $0 |
| MARK PESTRELLA | DIRECTOR Trustee or director | 1 | $0 |
| MARK SOGOMIAN | DIRECTOR Trustee or director | 1 | $0 |
| MAURA O'CONNOR | DIRECTOR Trustee or director | 1 | $0 |
| MINAL MONDKAR | DIRECTOR Trustee or director | 1 | $0 |
| MONICA BANKEN | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MCCLENAHAN | DIRECTOR Trustee or director | 1 | $0 |
| PRAFUL KULKARNI | DIRECTOR Trustee or director | 1 | $0 |
| RON FRIERSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| SANTIAGO MUNOZ | DIRECTOR Trustee or director | 1 | $0 |
| SCHENAE ROURK | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN NISSEN | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS PARHAM | DIRECTOR Trustee or director | 1 | $0 |
| TOM VANDIVER | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS KIYOTA | DIRECTOR Trustee or director | 1 | $0 |
| YVETTE ESTRADA | DIRECTOR Trustee or director | 1 | $0 |
| ZACK SOKOLOFF | DIRECTOR Trustee or director | 1 | $0 |
| ZANKU AMERNIAN | DIRECTOR Trustee or director | 1 | $0 |
| JANE NAVARRIA | DIRECTOR Trustee or director | 1 | $0 |
| HANS GETTY | DIRECTOR Trustee or director | 1 | $0 |
| ADAM LANE | DIRECTOR Trustee or director | 1 | $0 |
| DR PETER SLAVIN | DIRECTOR Trustee or director | 1 | $0 |
| GREG SKALASKI | DIRECTOR Trustee or director | 1 | $0 |
| STEVE HENNESSEY | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER POULAKIDAS | DIRECTOR Trustee or director | 1 | $0 |
| JAMES LIMBAUGH | DIRECTOR Trustee or director | 1 | $0 |
| DENNIS HUANG | DIRECTOR Trustee or director | 1 | $0 |
| ANDY PEREZ | DIRECTOR Trustee or director | 1 | $0 |
| JOSE GARDEA | DIRECTOR Trustee or director | 1 | $0 |
| ERIC ROWEN | DIRECTOR Trustee or director | 1 | $0 |
| SARAH HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| BRANDY HAN | DIRECTOR Trustee or director | 1 | $0 |
| YESENIA MONSOUR | DIRECTOR Trustee or director | 1 | $0 |
| DR KEITH CURRY | DIRECTOR Trustee or director | 1 | $0 |
| CONRADO AYALA | DIRECTOR Trustee or director | 1 | $0 |
| KASH HUSSAIN | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA GODINEZ | DIRECTOR Trustee or director | 1 | $0 |
| KELLIE TODD GRIFFIN | DIRECTOR Trustee or director | 1 | $0 |
| JARED YOSHIKI | DIRECTOR Trustee or director | 1 | $0 |
| JACQUES NACK | DIRECTOR Trustee or director | 1 | $0 |
| JILL KURTH | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HILLS | DIRECTOR Trustee or director | 1 | $0 |
| DEB VRANA | DIRECTOR Trustee or director | 1 | $0 |
| KYLE BROWN | DIRECTOR Trustee or director | 1 | $0 |
| LILIT ZIBARI | DIRECTOR Trustee or director | 1 | $0 |
| KAREN SESSIONS | DIRECTOR UNTIL 07/2025 Trustee or director | 1 | $0 |
| ELLIE CASSON | DIRECTOR UNTIL 06/2025 Trustee or director | 1 | $0 |
| GENE BLOCK | DIRECTOR Trustee or director | 1 | $0 |
| GOETZ WOLFF | DIRECTOR Trustee or director | 1 | $0 |
| JAYME S WILSON | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH VILLELA | DIRECTOR UNTIL 06/2025 Trustee or director | 1 | $0 |
| ROSE NORDBROCK | DIRECTOR UNTIL 05/2025 Trustee or director | 1 | $0 |
| ARTHUR BILGER | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE REHEIS-BOYD | DIRECTOR UNTIL 06/2026 Trustee or director | 1 | $0 |
| DAVID FLEMING | DIRECTOR Trustee or director | 1 | $0 |
| SPENCER SMITH | DIRECTOR UNTIL 12/2024 Trustee or director | 1 | $0 |
| THOMAS WINGARD | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL LEDGER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 109 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN CHEUNG | PRESIDENT AND CEO Officer | 40 | $395,000 | $40,192 |
| KENDAL R TURNER | EXECUTIVE VICE PRES./CFO Officer | 40 | $264,710 | $34,167 |
| MELISSA KHAMVONGSA | VICE PRESIDENT STRATEGIC RELATIONS Key employee | 40 | $227,791 | $36,982 |
| SHANNON SEDGWICK | DIR. INSTITUTE OF APPLIED ECONOMICS Key employee | 40 | $174,382 | $21,595 |
| JERMAINE HAMPTON | VICE PRESIDENT WORKFORCE DEVELOPMENT & SPECIAL PR Key employee | 40 | $167,125 | $25,695 |
| BARBARA LEVINE | DIRECTOR OF BUSINESS ASSISTANCE PROGRAM Highest-paid employee | 40 | $153,079 | $21,476 |
| SONIA ESTRADA | SENIOR DIRECTOR ACCOUNTING & ADMINISTRATION Highest-paid employee | 40 | $138,258 | $19,278 |
| JUSTIN ADAMS | SENIOR ECONOMIST Highest-paid employee | 40 | $137,353 | $17,621 |
| LARRY HOLT | VP BUSINESS ASSISTANCE AND INTERNATIONAL TRADE Highest-paid employee | 40 | $137,687 | $6,200 |
| RICK DAVILA | DIRECTOR OF IT AND FACILITIES Highest-paid employee | 40 | $132,675 | $4,658 |
| AARON COHEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM BURKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEJANDRA SANTAMARIA | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| AMOS HIMMELSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA YIM-SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARTHUR BILGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL DACUNTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENNON CRIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRETT HOWROYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN LEROY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN SASTOKAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN SCHWEICKERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARISSA SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE REHEIS-BOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA COULTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL LEDGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL TIMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ABEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FLEMING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID TUCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEVORAH LIEBERMAN | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| DIANA BOYADJIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR NOEL HACEGABA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EFFIE TURNBULL SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EFRAIN ESCOBEDO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIE CASSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BULLARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC ROWEN | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| ERIKA BECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FESIA DAVENPORT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCES TEVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENE BLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENE HALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENE SEROKA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERARD OROZCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GOETZ WOLFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HALE BEHZADI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY ELAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE CONOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARRET BARRIOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAYME S WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF ASSAF | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| JEFF WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY R JENNISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM CORONADO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JODIE LESH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ACKERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LOFTUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH VILLELA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUAN SALAZAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN ERBACCI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN SESSIONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN RAWSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY LOBIANCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE SEWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LES MCCABE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEWIS C HORNE | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| LILIT ZIBARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LILLY ROCHA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA OUBRE | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| LUCI IBARRA | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| MARIA CAMACHO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA GARCIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANA HOLLIDAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK PESTRELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SOGOMIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAURA O'CONNOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WEINTRAUB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINAL MONDKAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA BANKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NARINEH MAKIJIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATALINE LOMEDICO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK MCCLENAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PORSHA CROPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRAFUL KULKARNI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON FRIERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSE NORDBROCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANTIAGO MUNOZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCHENAE ROURK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON SULLIVAN | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
| SPENCER SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN NISSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS M PRISELAC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS PARHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS WINGARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIMOTHY ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM VANDIVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRAVIS KIYOTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WINSTON DAMARILLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YVETTE ESTRADA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACK SOKOLOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZANKU AMERNIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY STEINHAUSER | DIRECTOR (UNTIL 2023) Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 95 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM C ALLEN | PRESIDENT/CEO Officer | 40 | $490,196 | $38,582 |
| STEPHEN CHEUNG | EXECUTIVE VICE PRES./COO Officer | 40 | $318,425 | $38,844 |
| KENDAL R TURNER | EXECUTIVE VICE PRES./CFO Officer | 40 | $255,467 | $33,480 |
| MELISSA KHAMVONGSA | VICE PRESIDENT STRATEGIC RELATIONS Highest-paid employee | 40 | $217,071 | $35,365 |
| SHANNON SEDWICK | DIR. INSTITUTE OF APPLIED ECONOMIC Highest-paid employee | 40 | $166,237 | $20,606 |
| ROBERT A MACHUCA | DISTRICT DIRECTOR Highest-paid employee | 40 | $147,979 | $22,461 |
| BARBARA LEVINE | DIRECTOR BUSINESS ASSISTANCE PROGRAM Highest-paid employee | 40 | $147,979 | $20,587 |
| JESSICA KIM KU | VP WORKFORCE & BUS. DEVELOPMENT Key employee | 40 | $152,352 | $15,333 |
| AARON COHEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRAVIS KIYOTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YVETTE ESTRADA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEJANDRA SANTAMARIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA GARCIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BULLARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANA BOYADJIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL DACUNTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FESIA DAVENPORT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCES TEVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUAN SALAZAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NARINEH MAKIJIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERARD OROZCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA COULTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY STEINHAUSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN SASTOKAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY ELAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JODIE LESH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC ROWEN | DIRECTOR (UNTIL APRIL 2023) Trustee or director | 1 | $0 | $0 |
| ADAM BURKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ABEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRETT HOWROYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS WINGARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN MONTPLAISIR | DIRECTOR (UNTIL MARCH 2023) Trustee or director | 1 | $0 | $0 |
| BRENNON CRIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS PARHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEOFFREY DANKER | DIRECTOR (UNTIL JANUARY 2023) Trustee or director | 1 | $0 | $0 |
| JANE CONOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN ERBACCI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIKA BECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATY YOUNG YAROSLAVSKY | DIRECTOR (UNTIL AUGUST 2022) Trustee or director | 1 | $0 | $0 |
| JEFF WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL LEDGER | DIRECTOR (UNTIL DECEMBER 2022) Trustee or director | 1 | $0 | $0 |
| DAVID FLEMING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE SEWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENE HALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEWIS C HORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS M PRISELAC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BROOK TAYLOR | DIRECTOR (UNTIL DECEMBER 2022) Trustee or director | 1 | $0 | $0 |
| HALE BEHZADI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN NISSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA BANKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSE NORDBROCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM VANDIVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATALINE LOMEDICO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SOGOMIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK MCCLENAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRAFUL KULKARNI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF ASSAF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL TIMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN SCHWEICKERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK PESTRELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LILLY ROCHA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA CAMACHO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEVORAH LIEBERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY LOBIANCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAURA O'CONNOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE REHEIS-BOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA OUBRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARTHUR BILGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GOETZ WOLFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUCI IBARRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAYME S WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR NOEL HACEGABA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENE SEROKA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANA HOLLIDAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LOFTUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY R JENNISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACK SOKOLOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCHENAE ROURK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GENE BLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANTIAGO MUNOZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EFFIE TURNBULL SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIE CASSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA YIM-SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZANKU AMERNIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT WITTER | DIRECTOR (UNTIL JANUARY 2023) Trustee or director | 1 | $0 | $0 |
| RON FRIERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EFRAIN ESCOBEDO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUDY MEDINA | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 633 W 5TH ST STE 3300, LOS ANGELES, CA 90071-3755
- Principal officer (990 for 2024)
- KENDAL TURNER, 633 W 5TH STREET 3300, LOS ANGELES, CA 90071
- Signed the 990
- KENDAL TURNER, CHIEF FINANCIAL OFFICER
- Phone
- (213) 236-4826
- Website
- WWW.LAEDC.ORG
- Return prepared by
- VASQUEZ COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3643339 or by the name ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES.
- 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
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.
Program accomplishments
- 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
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3643339
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $35,302,763
- Income (IRS master file)
- $15,532,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,176,161 | $9,994,572 | $35,302,763 | IRS |
| 990 | June 2024 | $9,039,405 | $8,528,500 | $34,353,930 | XML |
| 990 | June 2023 | $5,828,748 | $7,869,790 | $33,343,547 | XML |
| 990 | June 2022 | $9,374,870 | $9,087,793 | $29,436,314 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 95-3643339).
Questions about ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES
- What is the EIN of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES is 95-3643339.
- Is ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES 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 ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES?
- The 990 for the year ended June 30, 2025 names KENDAL TURNER.
- Who are the officers and directors of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES?
- The 990 for the year ended June 30, 2025 lists 106 people; 10 received compensation from the organization, the highest $401,374 (STEPHEN CHEUNG, PRESIDENT AND CEO).
- How much revenue does ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,176,161, expenses of $9,994,572 and total assets of $35,302,763 at year end.
Other nonprofits in LOS ANGELES
- UNIVERSITY OF SOUTHERN CALIFORNIA EIN 95-1642394 · last filed 990 for 2025
- AIDS HEALTHCARE FOUNDATION EIN 95-4112121 · last filed 990 for 2024
- KECK MEDICAL CENTER OF USC EIN 85-1644866 · last filed 990 for 2025
- CHILDRENS HOSPITAL LOS ANGELES EIN 95-1690977 · last filed 990 for 2025
- LOS ANGELES LOMOD CORPORATION EIN 95-3033333 · last filed 990 for 2024
- CEDARS-SINAI MEDICAL CARE FOUNDATION EIN 95-4457756 · last filed 990 for 2025
- PHARMACY4HUMANITY EIN 95-4607931 · last filed 990 for 2024
- LOYOLA MARYMOUNT UNIVERSITY EIN 95-1643334 · last filed 990 for 2025