Bay Area Employment Development Company
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.
Bay Area Employment Development Company at a glance
In short: Bay Area Employment Development Company gave $36K across 1 grant in 2025 (avg $36K), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $36,000
- Grants made (2025)
- 1
- Average grant
- $36,000
- Median grant
- $36,000
- Total assets
- $4,015,435
- +8.6% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Bay Area Employment Development Company funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Centro Community Partners ($36K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2020) to $36K (2025). In 2025 it made 1 grant totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Centro Community Partners San Jose, CA | Economic Development | $36,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,015,435 | $4,965,067 | $4,730,573 | $36,000 | 1 | $49,726 |
| 2024 | $3,697,089 | $4,535,410 | $3,998,105 | — | — | $18,573 |
| 2023 | $2,359,655 | $5,131,867 | $4,439,699 | — | — | $789 |
| 2022 | $1,691,619 | $5,006,883 | $4,660,301 | — | — | $302,528 |
| 2021 | $2,283,354 | $4,389,327 | $4,470,467 | — | — | $105,578 |
| 2020 | $2,078,409 | $3,957,115 | $3,951,457 | $10,000 | 1 | $252,248 |
| 2019 | $2,542,649 | $4,149,765 | $4,102,581 | $35,000 | 4 | $515,594 |
About Bay Area Employment Development Company
Based on IRS filings
Bay Area Employment Development Company is a public charity, based in Concord, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it awarded 1 grant totaling $36K. Net investment income was $50K.
Leadership & Key People
Officers and directors from IRS filings
Bay Area Employment Development Company is led by Richard Grant, CEO since 2023 (on filings since 2019); 16 of 17 officers listed in 2025 are compensated.
Officers on the 2025 filing
Richard Grant
CEO
Senior Vice President → CEO, 2023
On filings since 2019
40 hrs/week
$229K (2019) → $503K (2025)
Michael Johnson
President
Director → Treasurer, 2022
Treasurer → President, 2023
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
James Baird
Director
Director → CEO, 2021
CEO → Director, 2023
On filings since 2019
40 hrs/week
$379K (2019) → $150K (2025)
Scott Hauge
Director
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Torran B. Nixon
Director
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Olivia Rebanal
Director
On filings since 2022
1 hr/week
$4K (2023) → $4K (2025)
Francine Boards
Director
On filings since 2023
1 hr/week
No compensation reported
Bonnie Lipscomb
Treasurer
Director → Treasurer, 2023
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Kimberly Shinjo
Vice President Loan Analyst & Underwriter
Loan Analyst → Vice President Loan Analyst & Underwriter, 2025
On filings since 2019
40 hrs/week
$141K (2019) → $145K (2025)
Robert Thompson
Senior Vice President
Vice President → Senior Vice President, 2024
On filings since 2019
40 hrs/week
$145K (2019) → $127K (2025)
Walter Menzel
Vice President
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Mark Schwan
Senior Vice President
On filings since 2023
40 hrs/week
$167K (2023) → $198K (2025)
Susan Dunlap
Portfolio Manager
On filings since 2024
40 hrs/week
$159K (2024) → $154K (2025)
Eleni Caryotakis
Vice President Loan Analyst
New on the 2025 filing
40 hrs/week
$129K (2025)
Heather Ashbridge
Vice President Loan Analyst
New on the 2025 filing
40 hrs/week
$137K (2025)
Isiah Alcantar
Senior Vice President & Marketing Manager
New on the 2025 filing
40 hrs/week
$166K (2025)
Richard Hildebrand
Senior Vice President & Maket Manager
New on the 2025 filing
40 hrs/week
$153K (2025)
Former officers (7)
- Former: Fletcher Chang (2019–2023) — Loan Analyst
- Former: Joseph Lampe (2019–2023) — Senior Vice President
- Former: Scott Rodde (2021–2023) — Former Director - Current Counsel
- Former: Greg Young (2019–2022) — President
- Former: William Locklin (2019–2022) — Director
- Former: Bonnie Robinson (2021–2022) — Director
- Former: Aben Hill (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $503K, to Richard Grant (CEO). 16 officers or directors reported compensation on that filing.
Frequently asked questions about Bay Area Employment Development Company
How much does Bay Area Employment Development Company give each year?
Bay Area Employment Development Company gave $36K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Bay Area Employment Development Company?
Bay Area Employment Development Company reported $4.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.0M.
Where does Bay Area Employment Development Company operate?
Bay Area Employment Development Company has awarded grants in California.
What is Bay Area Employment Development Company's EIN?
Bay Area Employment Development Company's EIN (Employer Identification Number) is 95-3457545. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS August 9, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS July 22, 2026)
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