ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES (EIN 95-3643339)
- Tax period
- 2012-04-01 to 2013-03-31
- Filed
- 2013-08-27
- IRS object ID
- 201302399349300225
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-27T11:59:47-05:00 | Timestamp |
| Tax Period End Date | 2013-03-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 330700332 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VASQUEZ & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 S GRAND AVE SUITE 400 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-04-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953643339 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECONOMIC DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Business Name Line2 | OF LOS ANGELES COUNTY | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ECON | NameControl |
| Phone | 2132364826 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 444 SOUTH FLOWER STREET 37TH FLOOR | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90071 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUSAN STEL | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 2132364826 | Phone |
| Date Signed | 2013-08-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GILBERT R VASQUEZ | Name |
| PTIN | P00743144 | PTIN |
| Phone | 2138731700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SUSAN STEL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 444 SOUTH FLOWER STREET 37TH FLOOR | AddressLine1 |
| City | LOS ANGLES | City |
| State | CA | State |
| ZIP Code | 90071 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4476309 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LAEDC.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1981 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | THE FUNCTION OF THE CORPORATION SHALL BE TO EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE , WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGHOUT LOS ANGELES COUNTY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 59 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 59 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3585578 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2776182 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1368337 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1335205 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 110718 | InvestmentIncomePriorYear |
| Investment Income Current Year | 44919 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 495394 | OtherRevenuePriorYear |
| Other Revenue Current Year | 320003 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5560027 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4476309 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4265379 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4054501 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2797781 | OtherExpensePriorYear |
| Other Expenses Current Year | 2126619 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7063160 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6181120 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1503133 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1704811 | RevenuesLessExpensesCY |
| Total Assets BOY | 27780857 | TotalAssetsBOY |
| Total Assets EOY | 27846899 | TotalAssetsEOY |
| Total Liabilities BOY | 1399601 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1623810 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 26381256 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 26223089 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE FUNCTION OF THE CORPORATION SHALL BE TO EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE , WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGHOUT LOS ANGELES COUNTY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5652119 | Expense |
| Description | THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS AND JOBS THROUGHOUT LOS ANGELES COUNTY, AND EDUCATING THE PUBLIC THROUGH ECONOMIC RESEARCH, ANALYSIS AND OTHERWISE. BY SERVING AS A VEHICLE TO FACILITATE COOPERATION BETWEEN THE PUBLIC AND PRIVATE SECTOR, THE CORPORATION WILL COALESCE LOCAL, STATE AND FEDERAL RESOURCES TO INCREASE PRIVATE INVESTMENT , PARTICULARLY IN THE ECONOMICALLY DISTRESSED AREAS OF SAID COUNTY. | Description |
| Total Program Service Expense | 5652119 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 59 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 59 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN D STEL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2132364826 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 444 S FLOWER STREET 37TH FLOOR | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90071 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (65 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DAVID ABEL | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| RAUL ANAYA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JEFF ASSAF | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LAURA BALVERDE-SANCHEZ | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ROD BANKS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| KELLI BERNARD | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JANICE BRYANT HOWROYD | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT BUSH | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| KWOK-YIN CHENG | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| CHRISTOPHER J CAREY | ||||||||
| CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |||
| ZHIHANG CHI | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| STEVEN ABRAM | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| BRUCE CHOATE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| STEVEN CENTER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| MICHAEL COLLINS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| THOMAS DECKER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DANIEL DEBRAUWERE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| GEORGE DEUKMEJIAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LADONNA DICAMILLO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| NORAIR JEMJEMIAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DEBORAH CHAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DARIO FROMMER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DAEMAN HARRIS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DAVID FLEMING | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| RAYMOND HOLDSWORTH | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| WILLIAM FUJIOKA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ANTONIO MANNING | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| STEVE MULCAHY | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| PAUL KURZAWA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LES J GOODWIN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| MATT TOLEDO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LLOYD GREIF | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JAMES HANKLA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| CALVIN HOLLIS | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ROBERT HERTZBERG | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| MICHAEL BUSHEY | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LEWIS HORNE | ||||||||
| VICE CHAIRMAN | 2.00 | X | 0 | 0 | 0 | |||
| DONNA ESTACIO | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JAMES HSU | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| KATHRYN MCDERMOTT | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| TAMMY TUCKER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| FRAN INMAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| J CHRISTOPHER LYTLE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| JOHN KUHL | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| PRAFUL KULKARNI AIA | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DEANE LEAVENWORTH | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| SALVADOR VELASQUEZ | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| GWEN MARELLI | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DANIEL MCMILLAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| LUCY MCCOY | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| MAURA O'CONNOR | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| TANIA VAN HERLE | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| THOMAS PRISELAC | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| ERIC ROWEN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| THOMAS SAYLES | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| STEVE SLOAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DARRY SRAGOW | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| TOM WINGARD | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| MARK SOGOMIAN | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| WILLIAM C ALLEN | ||||||||
| PRESIDENT/CEO | 60.00 | 427500 | 0 | 21000 | X | |||
| SUSAN D STEL | ||||||||
| CFO | 50.00 | 217300 | 0 | 13025 | X | |||
| DAVID FLAKS | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 207300 | 0 | 6850 | X | |||
| ROBERT KLEINHENZ | ||||||||
| CHIEF ECONOMIST | 40.00 | 179000 | 0 | 1969 | X | |||
| CARRIE ROGERS | ||||||||
| VP BUS ASST & DEVELOPMENT | 40.00 | 178300 | 0 | 7367 | X | |||
| COOPER CHRISTINE | ||||||||
| VP ECONOMIC POLICY ANALYSI | 40.00 | 127500 | 0 | 7635 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1336900 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 57846 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BILLIE C GREER | |||||
| 32219 BREEZEPORT DRIVE | WESTLAKE VILLAGE | CA | 91361 | CONSULTING | 125831 |
| SOUTHERN CALIFORNIA GROUP | |||||
| 201 N HARBOR BLVD STE 205 | FULLERTON | CA | 92832 | CONSULTING | 102929 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Membership Dues | 1026250 | MembershipDues |
| Government Grants | 1435932 | GovernmentGrants |
| All Other Contributions | 314000 | AllOtherContributions |
| Total Contributions | 2776182 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SPONSORED EVENTS | 900099 | 500735 | 500735 |
| COED | 900099 | 460000 | 460000 |
| CONSULTING | 900099 | 347050 | 347050 |
| SPEAKER FEES/EVENTS | 900099 | 27420 | 27420 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1335205 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44919 | TotalRevenueColumn |
| Exclusion | $44,919 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| REALIZED GAIN ON INVES | 900099 | 180635 | $180,635 | |
| OTHER INCOME | 900099 | 139368 | 139368 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 320003 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4476309 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1474573 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $225,554 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1340500 | Total |
| Program Services | 1340500 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1652875 | Total |
| Program Services | 1344038 | ProgramServices |
| Management And General | 308837 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128932 | Total |
| Program Services | 106604 | ProgramServices |
| Management And General | 22328 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 700185 | Total |
| Program Services | 690410 | ProgramServices |
| Management And General | 9775 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232009 | Total |
| Program Services | 194689 | ProgramServices |
| Management And General | 37320 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13608 | Total |
| Program Services | 13608 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49794 | Total |
| Program Services | 34145 | ProgramServices |
| Management And General | 15649 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 401907 | Total |
| Program Services | 401907 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49337 | Total |
| Program Services | 49141 | ProgramServices |
| Management And General | 196 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 330310 | Total |
| Program Services | 330102 | ProgramServices |
| Management And General | 208 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37015 | Total |
| Program Services | 16746 | ProgramServices |
| Management And General | 20269 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40053 | Total |
| Program Services | 40053 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| CONTRACTED SERVICES | 962922 | 943473 | 19449 |
| LEGAL & AUDIT | 63179 | 26442 | 36737 |
| TELEPHONE AND FAX | 58195 | 35420 | 22775 |
| PARKING EXPENSE | 34499 | 32341 | 2158 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85800 | Total |
| Program Services | 52500 | ProgramServices |
| Management And General | 33300 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6181120 | Total |
| Program Services | 5652119 | ProgramServices |
| Management And General | 529001 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 383513 | BOY |
| EOY | 520691 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 667294 | BOY |
| EOY | 1311213 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 213956 | BOY |
| EOY | 611010 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149627 | BOY |
| EOY | 171272 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 376580 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 202133 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191477 | BOY |
| EOY | 174447 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26174990 | BOY |
| EOY | 25058266 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27780857 | BOY |
| EOY | 27846899 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1382914 | BOY |
| EOY | 1613115 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16687 | BOY |
| EOY | 10695 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1399601 | BOY |
| EOY | 1623810 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26056256 | BOY |
| EOY | 25865089 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 325000 | BOY |
| EOY | 358000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26381256 | BOY |
| EOY | 26223089 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27780857 | BOY |
| EOY | 27846899 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1704811 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1546641 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 3 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2925359 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3250144 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3960200 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3585578 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2776182 | CurrentTaxYear |
| Total | 16497463 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2925359 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3250144 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3960200 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3585578 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2776182 | CurrentTaxYear |
| Total | 16497463 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 16497463 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 275027 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 156732 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 177176 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 110718 | CurrentTaxYearMinus1Year |
| Current Tax Year | 44919 | CurrentTaxYear |
| Total | 764572 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 247941 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 206751 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 419587 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 495394 | CurrentTaxYearMinus1Year |
| Current Tax Year | 320003 | CurrentTaxYear |
| Total | 1689676 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 18951711 | TotalSupport |
| Gross Receipts From Admissions Etc | 7031975 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.87050 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.87080 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 59652 | OtherCostOrOtherBasis |
| Depreciation | 6049 | Depreciation |
| Book Value | 53603 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 299792 | OtherCostOrOtherBasis |
| Depreciation | 178948 | Depreciation |
| Book Value | 120844 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17136 | OtherCostOrOtherBasis |
| Depreciation | 17136 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 174447 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NON PUBLICLY TRADED INVESTMENTS | Description |
| Book Value | 25058266 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 25058266 | TotalOfBookValueSecurities |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 6335477 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1546641 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 89080 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 490114 | OtherRevenues |
| Revenue Not Rptd F990 | 2125835 | RevenueNotRptdF990 |
| Revenue Subtotal | 4209642 | RevenueSubtotal |
| Other Revenues Not Included | 266667 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 266667 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4476309 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6535535 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 89080 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 532002 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 621082 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5914453 | ExpensesSubtotal |
| Other Expenses Not Included | 266667 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 266667 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6181120 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE CORPORATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701D. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE LIKELY THAN NOT (>50%) BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURE OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE CORPORATION FILES INFORMATION RETURNS IN THE US FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PROGRAM SERVICE REVENUE FOR AFFILIATES 490,114. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INTERCOMPANY CONSULTANT SERVICE FEE 266,667. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | PROGRAM SERVICE EXPENSES FOR AFFILIATES 532,002. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INTERCOMPANY CONSULTANT FEE 266,667. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM C ALLEN | ||||||||||||||
| PRESIDENT/CEO | 300000 | 0 | 127500 | 0 | 0 | 0 | 15000 | 0 | 6000 | 0 | 448500 | 0 | 0 | 0 |
| SUSAN D STEL | ||||||||||||||
| CFO | 180000 | 0 | 37300 | 0 | 0 | 0 | 13025 | 0 | 0 | 0 | 230325 | 0 | 0 | 0 |
| DAVID FLAKS | ||||||||||||||
| CHIEF OPERATING OFFICER | 180000 | 0 | 27300 | 0 | 0 | 0 | 6850 | 0 | 0 | 0 | 214150 | 0 | 0 | 0 |
| ROBERT KLEINHENZ | ||||||||||||||
| CHIEF ECONOMIST | 179000 | 0 | 0 | 0 | 0 | 0 | 1969 | 0 | 0 | 0 | 180969 | 0 | 0 | 0 |
| CARRIE ROGERS | ||||||||||||||
| VP BUS ASST & DEVELOPMENT | 155000 | 0 | 23300 | 0 | 0 | 0 | 7367 | 0 | 0 | 0 | 185667 | 0 | 0 | 0 |
| COOPER CHRISTINE | ||||||||||||||
| VP ECONOMIC POLICY ANALYSI | 120000 | 0 | 7500 | 0 | 0 | 0 | 7635 | 0 | 0 | 0 | 135135 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 7 | ReturnReference |
| Explanation | BONUSES | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | ECONOMIC DEVELOPMENT CORPORATION ("EDC") OUTSIDE AUDITORS AND FINANCE STAFF PREPARE THE FORM 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE FORM IS THEN MADE AVAILABLE TO THE FULL BOARD BEFORE FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ECONOMIC DEVELOPMENT CORPORATION REQUIRES THAT A BOARD MEMBER OFFICER OR EMPLOYEE SHALL NOT HAVE UNDISCLOSED FINANCIAL INTERESTS THAT CONFLICT OR APPEAR TO CONFLICT WITH HIS OR HER RESPONSIBILITIES WITH ECONOMIC DEVELOPMENT CORPORATION. ECONOMIC DEVELOPMENT CORPORATION REQUIRES DISCLOSURE OF ALL SOURCES OF INCOME FROM COMPENSATION OR FROM OWNERSHIP OF EVERY OUTSIDE ENTITY THAT (A) SOLD, SUPPLIED OR PROVIDED SERVICES, (B) OPERATED A COMPETING ENTERPRISE, OR(C) PROVIDED GOODS OR SERVICES TO EDC IN THE LAST SIX MONTHS. EDC'S CEO EVALUATES THE FORMS FOR POTENTIAL CONFLICTS OF INTEREST. EDC ALSO REQUIRES ALL DIRECTORS TO ANNUALLY SIGN A STATEMENT AFFIRMING (A) RECEIPT OF EDC'S CONFLICT OF INTEREST POLICY, (B) UNDERSTANDING OF THE POLICY , AND (C) AGREEMENT WITH THE POLICY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD REVIEWED EDC PRESIDENT'S, CFO'S AND COO'S COMPENSATION . THE BOARD REVIEWED DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES. THE OCCURENCE OF THESE DELIBERATIONS ARE NOTED IN THE BOARD MINUTES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | SOME OR ALL THESE ITEMS MAYBE AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 9: | ROUNDING OFF 3. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| CALIFORNIA INDUSTRY EDUCATION INSTITUTE | ||||||||||
| 444 SOUTH FLOWER STREET 37TH FLOOR | LOS ANGELES | CA | 90071 | 954482044 | DEVELOPING PROGRAMS WITH CA COLLEGES TO ASSIST THE GROWTH OF JOBS IN LA CNTY | CA | 501 C 3 | PUBLIC CHARITY | ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY | 0 |
| EDC PRODUCT DEVELOPMENT FUND INC | ||||||||||
| 444 SOUTH FLOWER STREET 37TH FLOOR | LOS ANGELES | CA | 90071 | 954482158 | EASE THE BURDENS OF GOVERNMENT BY ASSISTING ACTIVITIES OF A PUBLIC NATURE | CA | 501 C 3 | PUBLIC CHARITY | ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY | 0 |
| WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH | ||||||||||
| 444 SOUTH FLOWER STREET 37TH FLOOR | LOS ANGELES | CA | 90071 | 330190964 | PROMOTE INTERNATIONAL TRADE | CA | 501 C 3 | PUBLIC CHARITY | ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY | 0 |
| DEL AIRE TITLE HOLDING CORPORATION | ||||||||||
| 444 SOUTH FLOWER STREET 37TH FLOOR | LOS ANGELES | CA | 90071 | 954134926 | TO HOLD TITLE TO REAL PROPERTY | DE | 501 C 2 | PUBLIC CHARITY | ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |