Emerging Markets Development Corporation
Research and publish data on under-invested communities as opportunities for place-based initiatives. Facilitate private sector investment in underserved communities. Assists community organizations to partner with each other and the private sector for community development activities. Advance notions of place-based community economic development.
Emerging Markets Development Corporation at a glance
In short: Emerging Markets Development Corporation gave $50K across 1 grant in 2025 (avg $50K), mostly in Illinois. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $50,000
- Grants made (2025)
- 1
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $397,873
- -54.1% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Emerging Markets Development Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Emerald South Economic Collab ($50K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 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 $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Emerald South Economic Collab Chicago, IL | Community Neighborhood Assistance | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $397,873 | $235,000 | $703,671 | $50,000 | 1 |
| 2024 | $866,544 | $731,000 | $637,602 | — | — |
| 2023 | $773,146 | $1,165,000 | $419,753 | — | — |
| 2022 | $27,899 | — | $229,326 | — | — |
| 2021 | $257,225 | $100,000 | $112,055 | — | — |
| 2020 | $269,280 | $100,000 | $88,974 | — | — |
| 2019 | $258,254 | $275,000 | $219,696 | — | — |
About Emerging Markets Development Corporation
Based on IRS filings
Emerging Markets Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Palm Desert, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $398K in total assets. In 2025, it awarded 1 grant totaling $50K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Emerging Markets Development Corporation is led by Elwood Hopkins, CEO on every filing since 2019; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elwood Hopkins
CEO
On filings since 2019
3 hrs/week
No compensation reported
Jan McElwee
Director
On filings since 2019
1 hr/week
No compensation reported
Raul P. Lomeli-Azoubel
Director
On filings since 2019
1 hr/week
No compensation reported
Thomas Tseng
Director
On filings since 2019
No compensation reported
Trooper Sanders
Director
On filings since 2019
No compensation reported
Daniel Tellalian
Former
On filings since 2019
2.3 hrs/week
No compensation reported
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.
Frequently asked questions about Emerging Markets Development Corporation
How much does Emerging Markets Development Corporation give each year?
Emerging Markets Development Corporation gave $50K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Emerging Markets Development Corporation?
Emerging Markets Development Corporation reported $398K in total assets on its 2025 IRS Form 990. Its revenue that year was $235K.
What is Emerging Markets Development Corporation?
Emerging Markets Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Palm Desert, CA. It holds $398K in total assets as of 2025.
Where does Emerging Markets Development Corporation operate?
Emerging Markets Development Corporation has awarded grants in Illinois.
What is Emerging Markets Development Corporation's EIN?
Emerging Markets Development Corporation's EIN (Employer Identification Number) is 27-0574694. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 5, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS June 17, 2026)
Live grants for the work Emerging Markets Development Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Emerging Markets Development Corporation's focus areas in our free grants database
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