From public IRS filings

ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES

LOS ANGELES, CA

EIN (Tax ID): 95-3643339Latest Form 990: 2023IRS ruling year: 1982Find their 990 filing →

Mission

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.

Financials (IRS Form 990)

Total revenue
$9M
Total expenses
$8.5M
Total assets
$34.4M
Program expense ratio
8755%

Source: IRS Form 990, tax year 2023.

Who funds ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES

$754K in foundation grants on record from 14 funders — from IRS 990 grant line items.

Leadership

KENDAL TURNER — CHIEF FINANCIAL OFFICER (Principal officer)

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