Bay Area Employment Development Company logo

Bay Area Employment Development Company

501(c)(4) organization Concord, CA EIN: 95-3457545 Website

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.

Key facts about Bay Area Employment Development Company

In short: Bay Area Employment Development Company gave $36K across 1 grant in 2025 (avg $36K), mostly in California. Source: 2025 IRS Form 990.

EIN
95-3457545
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$36,000
Grants made (2025)
1
Average grant
$36,000
Median grant
$36,000
Total assets
$4,015,435
Primary geography
California (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$4.0M

+8.6% YoY

Annual Giving

$36K

Grant Count

1

Avg Grant Size

$36K

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

OaklandArcataChicoSan FranciscoSan Jose

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K4 grants2019 1 grant2020 0 grants2021 0 grants2022 0 grants2023 0 grants2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $10K (2020) to $36K (2025). In 2025 it made 1 grant totaling $36K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Centro Community Partners: $36KCentro Community Partners$36K

The largest 2025 recipient was Centro Community Partners ($36K).

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Centro Community Partners San Jose, CAEconomic Development$36,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2M$4M$6M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$4,015,435$3,697,089$2,359,655
Revenue$4,965,067$4,535,410$5,131,867
Expenses$4,730,573$3,998,105$4,439,699
Net Investment Income$49,726$18,573$789

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS May 8, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS August 9, 2021)
  3. Added Form 990 for fiscal year 2025 (received by the IRS July 22, 2026)

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

Richard Grant — CEO: $503KRichard GrantCEO$503KMark Schwan — Senior VP: $198KMark SchwanSenior VP$198KIsiah Alcantar — SVP & Marketing Manager: $166KIsiah AlcantarSVP & Marketing Manager$166KSusan Dunlap — Portfolio Manager: $154KSusan DunlapPortfolio Manager$154KRichard Hildebrand — Senior VP / Maket Manager: $153KRichard HildebrandSenior VP / Maket Manager$153KJames Baird — Director: $150KJames BairdDirector$150KKimberly Shinjo — VP Loan Analyst and Underwriter: $145KKimberly ShinjoVP Loan Analyst and Underwriter$145KHeather Ashbridge — VP Loan Analyst: $137KHeather AshbridgeVP Loan Analyst$137KEleni Caryotakis — VP Loan Analyst: $129KEleni CaryotakisVP Loan Analyst$129KRobert Thompson — Senior VP: $127KRobert ThompsonSenior VP$127KWalter Menzel — Vice President: $4KWalter MenzelVice President$4KTorran Nixon — Director: $4KTorran NixonDirector$4KMichael Johnson — President: $4KMichael JohnsonPresident$4KScott Hauge — Director: $4KScott HaugeDirector$4KBonnie Lipscomb — Treasurer: $4KBonnie LipscombTreasurer$4KOlivia Rebanal — Director: $4KOlivia RebanalDirector$4K

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.

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