EIN 95-3643339

Los Angeles County Economic Development Corporation (LAEDC)

IRS 501(c) type
501(c)(3)
Num. employees
35
Year formed
1981
Most recent tax filings
2022-06-01
NTEE code, primary
Description
The Los Angeles County Economic Development Corporation (LAEDC) provides strategic economic development leadership to promote a globally competitive, prosperous and growing L.A.
Also known as...
Economic Development Corporation of Los Angeles County
Total revenues
$9,374,870
2022
Total expenses
$9,087,793
2022
Total assets
$29,436,314
2022
Num. employees
35
2022

Program areas at LAEDC

The laedc offers free assistance to small businesses and micro-enterprises throughout Los Angeles County, with a particular focus on women and minority-owned businesses and attracting, retaining and growing jobs for the residents of la County. During this fiscal year, numbers of businesses were reached through multi-channel informational outreach, and numbers were served one-on-one with technical assistance to help our small businesses and their employees survive covid-19 pandemic.
The laedc hosts a number of events and webinars each year to inform the community, one of the most well known is the Economic forecast, which offers attendees valuable insights on the Economic projections for the regional economy. The 88 cities summit convenes leaders from local governments to discuss Economic challenges and opportunities our communities face. The eddy awards is the most prestigious awards program to recognize leadership in Economic Development in business, education, and government throughout Los Angeles County.
The laedc performed a series of strategic initiatives designed to create safer working environments in communities hardest hit by the pandemic as well as working with area community colleges to inform the Development of curriculum to better meet the rapidly evolving labor market needs of local industries and employers, and workers dislocated from their employment by the pandemic's Economic disruptions.
The laedc institute for applied economics' mission is to provide objective and unparalleled Economic and policy expertise to our clients and the broader public audience. In addition, laedc economists present regular public webinars on the evolving impact of the pandemic throughout the entire fiscal year.

Who funds Los Angeles County Economic Development Corporation (LAEDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
James Irvine FoundationTo Strengthen Career Pathways$400,000
California Community FoundationDisaster Response$200,000
Conrad N. Hilton FoundationTo Support Development of Gladeo for An Oy User.$200,000
...and 8 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of LaborWIA DISLOCATED WORKER FORMULA GRANTS$472,000
Department of LaborWIA ADULT PROGRAM$246,942
Department of CommerceECONOMIC ADJUSTMENT ASSISTANCE$158,362
...and 4 more federal grants / contracts

Personnel at LAEDC

NameTitleCompensation
Kendal TurnerChief Financial Officer$80,707
Larry HoltVice President of Economic and Workforce
Melissa KhamVice President , Strategic Relations
Alex MedinaDirector , Marketing and Communications
Sonia EstradaDirector of Accounting
...and 15 more key personnel

Financials for LAEDC

RevenuesFYE 06/2022
Total grants, contributions, etc.$2,203,402
Program services$5,416,956
Investment income and dividends$986,378
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$41,949
Net gain from sale of non-inventory assets$712,195
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$13,990
Total revenues$9,374,870

Form 990s for LAEDC

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-20990View PDF
2020-062021-02-26990View PDF
2019-062020-01-23990View PDF
2018-062018-12-22990View PDF
2017-062018-03-14990View PDF
...and 8 more Form 990s
Data update history
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 12, 2023
Received grants
Identified 1 new grant, including a grant for $30,000 from Cedars Sinai
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
March 1, 2023
Used new vendors
Identified 1 new vendor, including
January 13, 2023
Updated personnel
Identified 31 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
444 South Flower St 37th Floor
Los Angeles, CA 90071
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
laedc.org/ 
Phone
(213) 622-4300
Facebook page
LAEDC 
Twitter profile
@laedc 
IRS details
EIN
95-3643339
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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