Economic Resources Corporation
To promote economic growth and increased job opportunity in under-served communities by supporting business development, investing in commercial and industrial real estate and providing employment opportunities.
Economic Resources Corporation at a glance
In short: Economic Resources Corporation gave $10K across 1 grant in 2025 (avg $10K), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $10,000
- Grants made (2025)
- 1
- Average grant
- $10,000
- Median grant
- $10,000
- Total assets
- $32,578,274
- +20.1% 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 Economic Resources Corporation funds
How this funder distributes its grants
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
In 2025 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $10,000 |
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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 | $32,578,274 | $7,498,996 | $3,031,095 | $10,000 | 1 | $523,920 |
| 2024 | $27,123,071 | $5,551,976 | $2,755,983 | — | — | $587,349 |
| 2023 | $24,184,491 | $4,551,713 | $2,715,672 | — | — | $247,519 |
| 2022 | $22,040,266 | $7,644,583 | $2,422,504 | — | — | $60,349 |
| 2021 | $19,982,153 | $4,407,816 | $2,577,943 | — | — | $81,768 |
| 2020 | $16,116,860 | $4,124,565 | $2,562,084 | — | — | $416,224 |
| 2019 | $14,243,963 | $3,557,877 | $2,393,940 | — | — | $91,593 |
About Economic Resources Corporation
Based on IRS filings
Economic Resources Corporation is a public charity, based in Lynwood, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $32.6M in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $524K.
Leadership & Key People
Officers and directors from IRS filings
Economic Resources Corporation is led by Samuel Hughes, President & CEO on every filing since 2021; 3 of 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Samuel Hughes
President & CEO
On filings since 2021
38 hrs/week
$215K (2021) → $385K (2025)
Michael Nagin
Director
On filings since 2019
1 hr/week
No compensation reported
Tracey Mitchel-Lai
Director
On filings since 2019
1 hr/week
No compensation reported
Hoonie Kang
Director
On filings since 2020
1 hr/week
No compensation reported
Jide Alade
Director
On filings since 2021
1 hr/week
No compensation reported
Tori Fisk
Director
On filings since 2022
1 hr/week
No compensation reported
Charles McLurkin
Director
On filings since 2023
1 hr/week
No compensation reported
Christine Villegas
Director
On filings since 2023
1 hr/week
No compensation reported
Andrea Cohen Jackson
Director
On filings since 2024
1 hr/week
No compensation reported
Carey Jenkins
Director
On filings since 2024
1 hr/week
No compensation reported
Albert Carrol
Investment Manager
On filings since 2019
38 hrs/week
$150K (2019) → $173K (2025)
Nancy H. Ikegami
Vice President of Finance
Controller → Vice President of Finance, 2022
On filings since 2019
38 hrs/week
$145K (2019) → $178K (2025)
Former officers (11)
- Former: Kyle Davis (2019–2024) — Director
- Former: Jeffrey Tamkin (2019–2023) — Director
- Former: Neville L. Rhone Jr. (2019–2023) — Director
- Former: Andrea Cohen-Jackson (2021–2023) — Director
- Former: Sierra Smith (2019–2022) — Director
- Former: Dutch C. Ross III (2019–2021) — President & CEO
- Former: Allan L. Alexander (2019–2020) — Director
- Former: J. Stanley Sanders (2019–2020) — Secretary
- Former: Stanley A. Moore (2019–2020) — Director
- Former: Terrance J. Roberts P. (2020) — Director
- Former: Terrance J. Roberts PhD (2019) — 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 $385K, to Samuel Hughes (President/CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Economic Resources Corporation
How much does Economic Resources Corporation give each year?
Economic Resources Corporation gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Economic Resources Corporation?
Economic Resources Corporation reported $32.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.5M.
Where does Economic Resources Corporation operate?
Economic Resources Corporation has awarded grants in California.
What is Economic Resources Corporation's EIN?
Economic Resources Corporation's EIN (Employer Identification Number) is 95-2546360. 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
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