EIN 94-2674882

Aedc Small Business Lending Center

IRS 501(c) type
501(c)(3)
Num. employees
11
City
Eureka
Year formed
1978
Most recent tax filings
2023-06-01
Description
Aedc provides business lending, technical assistance, community economic development and microloan business assistance & training to promote economic development in northern California.
Also known as...
Arcata Economic Development Corporation
Total revenues
$3,441,770
2023
Total expenses
$2,201,639
2023
Total assets
$14,152,552
2023
Num. employees
11
2023

Program areas at Aedc Small Business Lending Center

Aedc provides loans for Small businesses located throughout northern California. Aedc made 12 new loans during the fiscal year. At year end, Aedc had 52 Small Business loans in its portfolio. Additionally, Aedc administered Small Business loans for local governmental agencies and provided technical assistance and training to Small businesses throughout northern California.
Aedc manages several programs to promote Economic Development in northern California. Aedc organizes an Economic Development summit to support entrepreneurs and Small businesses. Emerging leaders are brought together for establishing collaborative strategies. Aedc provides opportunities for local native tribes to collaborate in applying for grants.

Grants made by Aedc Small Business Lending Center

GranteeGrant descriptionAmount
Cal Poly Humboldt Sponsored Programs FoundationEconomic Resilience$147,689
North Coast Opportunities (NCO)Economic Resilience$55,269

Who funds Aedc Small Business Lending Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Humboldt Area FoundationPublic Investing and Innovation Project Wages, Benefits and the Startup Supplies$132,205
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$75,000

Personnel at Aedc Small Business Lending Center

NameTitleCompensation
Ross WelchExecutive Director$97,408
Tracy TaylorController
Janet de PaceSecretary$0
Scott BartlettPast President$0

Financials for Aedc Small Business Lending Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,641,042
Program services$749,002
Investment income and dividends$51,726
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,441,770

Form 990s for Aedc Small Business Lending Center

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-02990View PDF
2022-062022-10-31990View PDF
2021-062021-10-04990View PDF
2020-062021-03-01990View PDF
2019-062020-02-07990View PDF
...and 9 more Form 990s

Organizations like Aedc Small Business Lending Center

OrganizationLocationRevenue
Small Business Assistance CorporationSavannah, GA$1,539,306
Western Colorado Business Development CorporationGrand Junction, CO$2,298,721
Northeast Indiana Innovation CenterFort Wayne, IN$2,117,873
Sunshine State Economic Development CorporationClearwater, FL$1,695,679
Rural Enterprises of OklahomaDurant, OK$7,140,966
BCL of TexasAustin, TX$6,954,395
Southland Economic Development CorporationSanta Ana, CA$3,204,542
Launch New YorkBuffalo, NY$4,319,958
Aspermont Small Business Development CenterAspermont, TX$4,207,952
Innovation Marquette Enterprise CorporationMarquette, MI$1,649,387
Data update history
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $75,000 from Opportunity Finance Network (OFN)
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2023
November 26, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 26, 2023
Received grants
Identified 1 new grant, including a grant for $132,205 from Humboldt Area Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
707 K St
Eureka, CA 95501
County
Humboldt County, CA
Website URL
aedc1.org/ 
Phone
(707) 798-6132
IRS details
EIN
94-2674882
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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