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ECONOMIC DEVELOPMENT CORPORATION

LOS ANGELES, CAEIN: 95-3643339Website

Data sourced from IRS 990 public filings

ECONOMIC DEVELOPMENT CORPORATION THE LAEDC'S PRINCIPAL OBJECTIVE IS TO COLLECTIVELY ADVANCE ECONOMIC OPPORTUNITY AND PROSPERITY AND RAISE STANDARDS OF LIVING FOR ALL LOS ANGELES (LA) COUNTY RESIDENTS THROUGH PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. AS LA'S ONLY COUNTYWIDE ECONOMIC DEVELOPMENT ORGANIZATION, THE LAEDC PROVIDES COLLABORATIVE, INNOVATIVE, AND STRATEGIC ECONOMIC DEVELOPMENT LEADERSHIP TO PROMOTE A MORE ROBUST, EQUITABLE, SUSTAINABLE, AND RESILIENT LA COUNTY ECONOMY TO IMPROVE THE HEALTH AND WELLBEING OF THE REGION'S RESIDENTS AND COMMUNITIES AND ENABLE THOSE RESIDENTS TO MEET THEIR BASIC HUMAN NEED FOR A JOB. LAEDC ACHIEVES THIS THROUGH OBJECTIVE ECONOMIC RESEARCH AND ANALYSIS; PROGRAMMATIC AND ON-THE-GROUND TECHNICAL AND TRANSACTIONAL ASSISTANCE TO BUSINESS, GOVERNMENT, EDUCATION, AND WORKFORCE DEVELOPMENT SYSTEMS; AND TARGETED PUBLIC POLICY AND ISSUE ADVOCACY.

ECONOMIC DEVELOPMENT CORPORATION has received 27 grants from 16 known foundation funders. Revenue increased from $9,039,405 in 2023 to $9,176,161 in 2024. Most recent reported revenue: $9,176,161.

Annual Revenue

$9,176,161

Known Funders

16

Grants Received

27

Financial History

YearRevenueExpensesAssets
2024$9,176,161$9,994,572$35,302,763
2023$9,039,405$8,528,500$34,353,930
2022$5,828,748$7,869,790$33,343,547
2021$9,374,870$9,087,793$29,436,314
2020$9,257,630$7,687,969$33,754,787
2019$7,272,420$7,364,800$26,830,244
2018$7,363,304$7,936,555$26,714,670
2017$6,861,437$7,653,377$27,633,363

Top Funders

$400,000 (2021)
$264,000 (2023)
$200,000 (2021)
CONRAD N HILTON FOUNDATION

WESTLAKE VILLAGE, CA

$200,000 (2021)
CONRAD N HILTON FOUNDATION

WESTLAKE VILLAGE, CA

$100,000 (2024)
CONRAD N HILTON FOUNDATION

WESTLAKE VILLAGE, CA

$100,000 (2023)
$25,000 (2023)
$20,000 (2022)
$20,000 (2021)

Showing top 10 of 16 funders.

Key Personnel

From 2024 IRS 990 filing

C

CHARLES JOHNSON

DIR. INDUSTRY CLUSTER DEVELOPMENT

Highest Compensated
B

BARBARA LEVIN

SR. DIR. OF STRATEGIC PARTNERSHIP

Highest Compensated
S

SONIA ESTRADA

SR. DIR. ACCOUNTING & ADMINISTRATION

Highest Compensated
W

WILLIAM POWLES

SR. DIR. INTERNATIONAL TRADE

Highest Compensated
L

LINDEN JOHNSON

SR. DIR. BUS. ASSIST. PROGRAM

Highest Compensated
A

ALISON CLARK

VP BUS. ASSISTANCE & INT'L TRADE

Key Employee
S

SHANNON SEDGWICK

SR. DIR. FOR INSTITUTE OF APPLIED ECONOMICS

Key Employee
J

JERMAINE HAMPTON

VP WORKFORCE DEV'T & SPECIAL PROJECTS

Key Employee
K

KENDAL R TURNER

EXECUTIVE VICE PRES./CFO

Officer
S

STEPHEN CHEUNG

PRESIDENT AND CEO

Officer

Showing 10 of 50 key personnel.

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    ECONOMIC DEVELOPMENT CORPORATION (EIN: 95-3643339) - Funders & 990 Data | Signal990