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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.

Local (City/County Level)
Pragmatic/Non-Ideological
Progressive/Social Justice
Workforce & Economic Opportunity
Low-Income/Economically Disadvantaged
Sustainability/Green Economy
Community & Economic Development
Racial/Ethnic Minorities

Annual Revenue

$9,039,405

Known Funders

16

Grants Received

27

Financial History

YearRevenueExpensesAssets
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
2016$6,901,063$7,389,453$28,373,242

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 2023 IRS 990 filing

S

SONIA ESTRADA

SENIOR DIRECTOR ACCOUNTING & ADMINISTRATION

Highest Compensated
R

RICK DAVILA

DIRECTOR OF IT AND FACILITIES

Highest Compensated
L

LARRY HOLT

VP BUSINESS ASSISTANCE AND INTERNATIONAL TRADE

Highest Compensated
J

JUSTIN ADAMS

SENIOR ECONOMIST

Highest Compensated
B

BARBARA LEVINE

DIRECTOR OF BUSINESS ASSISTANCE PROGRAM

Highest Compensated
S

SHANNON SEDGWICK

DIR. INSTITUTE OF APPLIED ECONOMICS

Key Employee
M

MELISSA KHAMVONGSA

VICE PRESIDENT STRATEGIC RELATIONS

Key Employee
J

JERMAINE HAMPTON

VICE PRESIDENT WORKFORCE DEVELOPMENT & SPECIAL PR

Key Employee
S

STEPHEN CHEUNG

PRESIDENT AND CEO

Officer
K

KENDAL R TURNER

EXECUTIVE VICE PRES./CFO

Officer

Showing 10 of 50 key personnel.

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