ECONOMIC DEVELOPMENT CORPORATION
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
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 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
San Francisco, CA
LOS ANGELES, CA
LOS ANGELES, CA
WESTLAKE VILLAGE, CA
WESTLAKE VILLAGE, CA
WESTLAKE VILLAGE, CA
LOS ALTOS, CA
LOS ANGELES, CA
LOS ANGELES, CA
LOS ANGELES, CA
Showing top 10 of 16 funders.
Key Personnel
From 2024 IRS 990 filing
CHARLES JOHNSON
DIR. INDUSTRY CLUSTER DEVELOPMENT
BARBARA LEVIN
SR. DIR. OF STRATEGIC PARTNERSHIP
SONIA ESTRADA
SR. DIR. ACCOUNTING & ADMINISTRATION
WILLIAM POWLES
SR. DIR. INTERNATIONAL TRADE
LINDEN JOHNSON
SR. DIR. BUS. ASSIST. PROGRAM
ALISON CLARK
VP BUS. ASSISTANCE & INT'L TRADE
SHANNON SEDGWICK
SR. DIR. FOR INSTITUTE OF APPLIED ECONOMICS
JERMAINE HAMPTON
VP WORKFORCE DEV'T & SPECIAL PROJECTS
KENDAL R TURNER
EXECUTIVE VICE PRES./CFO
STEPHEN CHEUNG
PRESIDENT AND CEO
Showing 10 of 50 key personnel.
Frequently Asked Questions
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