Economic Development Corporation
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.4M
+3.0% YoY
Annual Giving
$155K
-29.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$155K
-29.5% YoY
About Economic Development Corporation
Based on IRS filings
Economic Development Corporation is a nonprofit organization, based in LOS ANGELES, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $34.4M in total assets. In 2024, it awarded 1 grants totaling $155K. Net investment income was $2.5M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,353,930 | $33,343,547 | $29,436,314 |
| Revenue | $9,039,405 | $5,828,748 | $9,374,870 |
| Expenses | $8,528,500 | $7,869,790 | $9,087,793 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,518,072 | $-158,239 | $1,698,573 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include World Trade Center Association Los Angeles-long Beach ($155,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH LOS ANGELES, CA | TO SUPPORT THE MARKETING AND PROMOTION EFFORTS OF THE LOS ANGELES COUNTY REGION. | $155,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AARON COHEN | DIRECTOR | 1 | — |
| ADAM BURKE | DIRECTOR | 1 | — |
| ALEJANDRA SANTAMARIA | DIRECTOR (UNTIL 2023) | 1 | — |
| AMOS HIMMELSTEIN | DIRECTOR | 1 | — |
| ANGELA YIM-SULLIVAN | DIRECTOR | 1 | — |
| ARTHUR BILGER | DIRECTOR | 1 | — |
| BARBARA JONES | DIRECTOR | 1 | — |
| BILL DACUNTO | DIRECTOR | 1 | — |
| BRENNON CRIST | DIRECTOR | 1 | — |
| BRETT HOWROYD | DIRECTOR | 1 | — |
| BRYAN LEROY | DIRECTOR | 1 | — |
| BRYAN SASTOKAS | DIRECTOR | 1 | — |
| BRYAN SCHWEICKERT | DIRECTOR | 1 | — |
| CARISSA SMITH | DIRECTOR | 1 | — |
| CATHERINE REHEIS-BOYD | DIRECTOR | 1 | — |
| CYNTHIA COULTER | DIRECTOR | 1 | — |
| DANIEL LEDGER | DIRECTOR | 1 | — |
| DANIEL TIMMONS | DIRECTOR | 1 | — |
| DAVID ABEL | DIRECTOR | 1 | — |
| DAVID FLEMING | DIRECTOR | 1 | — |
| DAVID FOLEY | DIRECTOR | 1 | — |
| DAVID HILL | DIRECTOR | 1 | — |
| DAVID TUCKER | DIRECTOR | 1 | — |
| DEVORAH LIEBERMAN | DIRECTOR (UNTIL 2023) | 1 | — |
| DIANA BOYADJIAN | DIRECTOR | 1 | — |
| DR NOEL HACEGABA | DIRECTOR | 1 | — |
| EFFIE TURNBULL SANDERS | DIRECTOR | 1 | — |
| EFRAIN ESCOBEDO | DIRECTOR | 1 | — |
| ELLIE CASSON | DIRECTOR | 1 | — |
| ERIC BULLARD | DIRECTOR | 1 | — |
| ERIC ROWEN | DIRECTOR (UNTIL 2023) | 1 | — |
| ERIKA BECK | DIRECTOR | 1 | — |
| FESIA DAVENPORT | DIRECTOR | 1 | — |
| FRANCES TEVES | DIRECTOR | 1 | — |
| GENE BLOCK | DIRECTOR | 1 | — |
| GENE HALE | DIRECTOR | 1 | — |
| GENE SEROKA | DIRECTOR | 1 | — |
| GERARD OROZCO | DIRECTOR | 1 | — |
| GOETZ WOLFF | DIRECTOR | 1 | — |
| HALE BEHZADI | DIRECTOR | 1 | — |
| HARRY ELAM | DIRECTOR | 1 | — |
| JANE CONOLEY | DIRECTOR | 1 | — |
| JARRET BARRIOS | DIRECTOR | 1 | — |
| JAYME S WILSON | DIRECTOR | 1 | — |
| JEFF ASSAF | DIRECTOR (UNTIL 2023) | 1 | — |
| JEFF WILSON | DIRECTOR | 1 | — |
| JEFFREY R JENNISON | DIRECTOR | 1 | — |
| JIM CORONADO | DIRECTOR | 1 | — |
| JODIE LESH | DIRECTOR | 1 | — |
| JOHN ACKERMAN | DIRECTOR | 1 | — |
| JOHN LOFTUS | DIRECTOR | 1 | — |
| JOSE GOMEZ | DIRECTOR | 1 | — |
| JOSEPH VILLELA | DIRECTOR | 1 | — |
| JUAN SALAZAR | DIRECTOR | 1 | — |
| JUSTIN ERBACCI | DIRECTOR | 1 | — |
| JUSTIN THOMPSON | DIRECTOR | 1 | — |
| KAREN SESSIONS | DIRECTOR | 1 | — |
| KATHLEEN RAWSON | DIRECTOR | 1 | — |
| KELLY LOBIANCO | DIRECTOR | 1 | — |
| LAURIE SEWELL | DIRECTOR | 1 | — |
| LES MCCABE | DIRECTOR | 1 | — |
| LEWIS C HORNE | DIRECTOR (UNTIL 2023) | 1 | — |
| LILIT ZIBARI | DIRECTOR | 1 | — |
| LILLY ROCHA | DIRECTOR | 1 | — |
| LINDA OUBRE | DIRECTOR (UNTIL 2023) | 1 | — |
| LUCI IBARRA | DIRECTOR (UNTIL 2023) | 1 | — |
| MARIA CAMACHO | DIRECTOR | 1 | — |
| MARIA GARCIA | DIRECTOR | 1 | — |
| MARIANA HOLLIDAY | DIRECTOR | 1 | — |
| MARK PESTRELLA | DIRECTOR | 1 | — |
| MARK SOGOMIAN | DIRECTOR | 1 | — |
| MAURA O'CONNOR | DIRECTOR | 1 | — |
| MICHAEL WEINTRAUB | DIRECTOR | 1 | — |
| MINAL MONDKAR | DIRECTOR | 1 | — |
| MONICA BANKEN | DIRECTOR | 1 | — |
| NARINEH MAKIJIAN | DIRECTOR | 1 | — |
| NATALINE LOMEDICO | DIRECTOR | 1 | — |
| PATRICK MCCLENAHAN | DIRECTOR | 1 | — |
| PORSHA CROPPER | DIRECTOR | 1 | — |
| PRAFUL KULKARNI | DIRECTOR | 1 | — |
| RON FRIERSON | DIRECTOR | 1 | — |
| ROSE NORDBROCK | DIRECTOR | 1 | — |
| SANTIAGO MUNOZ | DIRECTOR | 1 | — |
| SCHENAE ROURK | DIRECTOR | 1 | — |
| SHANNON SULLIVAN | DIRECTOR (UNTIL 2023) | 1 | — |
| SPENCER SMITH | DIRECTOR | 1 | — |
| STEVEN NISSEN | DIRECTOR | 1 | — |
| STEVEN OLSON | DIRECTOR | 1 | — |
| THOMAS M PRISELAC | DIRECTOR | 1 | — |
| THOMAS PARHAM | DIRECTOR | 1 | — |
| THOMAS WINGARD | DIRECTOR | 1 | — |
| TIMOTHY ANDERSON | DIRECTOR | 1 | — |
| TOM VANDIVER | DIRECTOR | 1 | — |
| TRAVIS KIYOTA | DIRECTOR | 1 | — |
| WINSTON DAMARILLO | DIRECTOR | 1 | — |
| YVETTE ESTRADA | DIRECTOR | 1 | — |
| ZACK SOKOLOFF | DIRECTOR | 1 | — |
| ZANKU AMERNIAN | DIRECTOR | 1 | — |
| ANDY STEINHAUSER | DIRECTOR (UNTIL 2023) | 1 | — |
| KENDAL R TURNER | EXECUTIVE VICE PRES./CFO | 40 | $264,710 |
| STEPHEN CHEUNG | PRESIDENT AND CEO | 40 | $395,000 |
| JERMAINE HAMPTON | VICE PRESIDENT WORKFORCE DEVELOPMENT & SPECIAL PR | 40 | $167,125 |
| MELISSA KHAMVONGSA | VICE PRESIDENT STRATEGIC RELATIONS | 40 | $227,791 |
| SHANNON SEDGWICK | DIR. INSTITUTE OF APPLIED ECONOMICS | 40 | $174,382 |
| BARBARA LEVINE | DIRECTOR OF BUSINESS ASSISTANCE PROGRAM | 40 | $153,079 |
| JUSTIN ADAMS | SENIOR ECONOMIST | 40 | $137,353 |
| LARRY HOLT | VP BUSINESS ASSISTANCE AND INTERNATIONAL TRADE | 40 | $137,687 |
| RICK DAVILA | DIRECTOR OF IT AND FACILITIES | 40 | $132,675 |
| SONIA ESTRADA | SENIOR DIRECTOR ACCOUNTING & ADMINISTRATION | 40 | $138,258 |
Frequently Asked Questions
How large is Economic Development Corporation?
As of 2024, Economic Development Corporation holds $34.4M in total assets with $9.0M in annual revenue. It awarded 1 grants totaling $155K in 2024.
Where does Economic Development Corporation operate?
Economic Development Corporation has awarded grants in California.
What size grants does Economic Development Corporation award?
In 2024, Economic Development Corporation awarded 1 grants totaling $155K — an average of about $155K per grant, based on its IRS Form 990 filings.
What is Economic Development Corporation's EIN?
Economic Development Corporation's EIN (Employer Identification Number) is 95-3643339. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Economic Development Corporation's focus areas in our free grants database
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