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ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES (EIN 95-3643339)
Tax period
2010-04-01 to 2011-03-31
Filed
2011-08-15
IRS object ID
201122289349300447
Schema version
2010v3.4
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

FieldValueIRS element (for citing)
Timestamp2011-08-15T16:26:03-05:00Timestamp
Tax Period End Date2011-03-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1VASQUEZ & COMPANY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1801 S GRAND AVE SUITE 400AddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90017ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-04-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN953643339EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ECONOMIC DEVELOPMENT CORPORATIONBusinessNameLine1
Business Name Line2OF LOS ANGELES COUNTYBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlECONNameControl
Phone2132364826Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1444 SOUTH FLOWER STREET 34TH FLOORAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90071ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSUSAN STELName
TitleCHIEF FINANCIAL OFFICERTitle
Phone2132364826Phone
Date Signed2011-07-15DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone2136299094Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSUSAN STELNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1444 SOUTH FLOWER STREET 34TH FLOORAddressLine1
CityLOS ANGLESCity
StateCAState
ZIP Code90071ZIPCode
FieldValueIRS element (for citing)
Gross Receipts6039562GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.LAEDC.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1981YearFormation
State Legal DomicileCAStateLegalDomicile
Activity Or Mission DescriptionTHE 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 Body59NbrVotingMembersGoverningBody
Nbr Independent Voting Members59NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year3250144ContributionsGrantsPriorYear
Contributions Grants Current Year3960200ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1405060ProgramServiceRevenuePriorYear
Program Service Revenue CY1560011ProgramServiceRevenueCY
Investment Income Prior Year-8836InvestmentIncomePriorYear
Investment Income Current Year177176InvestmentIncomeCurrentYear
Other Revenue Prior Year206751OtherRevenuePriorYear
Other Revenue Current Year342175OtherRevenueCurrentYear
Total Revenue Prior Year4853119TotalRevenuePriorYear
Total Revenue Current Year6039562TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year3903818SalariesEtcPriorYear
Salaries Etc Current Year4144170SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2291676OtherExpensePriorYear
Other Expenses Current Year2866534OtherExpensesCurrentYear
Total Expenses Prior Year6195494TotalExpensesPriorYear
Total Expenses Current Year7010704TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-1342375RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-971142RevenuesLessExpensesCY
Total Assets BOY27936386TotalAssetsBOY
Total Assets EOY29094931TotalAssetsEOY
Total Liabilities BOY1196949TotalLiabilitiesBOY
Total Liabilities EOY1368658TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY26739437NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY27726273NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE 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 Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense5514289Expense
DescriptionTHE 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 Expense5514289TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members59NbrVotingGoverningBodyMembers
Number Independent Voting Members59NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1SUSAN D STELBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2132364826TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1444 S FLOWER STREET 34TH FLOORAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90071ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (67 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
DAVID ABEL
DIRECTOR2.00X000
RAUL ANAYA
DIRECTOR2.00X000
JEFF ASSAF
DIRECTOR2.00X000
LAURA BALVERDE-SANCHEZ
DIRECTOR2.00X000
ROD BANKS
DIRECTOR2.00X000
KELLI BERNARD
DIRECTOR2.00X000
JANICE BRYANT HOWROYD
DIRECTOR2.00X000
ROBERT BUSH
DIRECTOR2.00X000
KWOK-YIN CHENG
DIRECTOR2.00X000
CHRISTOPHER J CAREY
DIRECTOR2.00X000
ZHIHANG CHI
DIRECTOR2.00X000
CARLA CHRISTOFFERSON
DIRECTOR2.00X000
BRUCE CHOATE
DIRECTOR2.00X000
TIMOTHY DAVIS
DIRECTOR2.00X000
MICHAEL COLLINS
DIRECTOR2.00X000
THOMAS DECKER
DIRECTOR2.00X000
DANIEL DEBRAUWERE
DIRECTOR2.00X000
GEORGE DEUKMEJIAN
DIRECTOR2.00X000
LADONNA DICAMILLO
DIRECTOR2.00X000
NORAIR JEMJEMIAN
DIRECTOR2.00X000
KRIS GAGNON
DIRECTOR2.00X000
DAVID GRANNIS
DIRECTOR2.00X000
STEPHEN FINNEGAN
DIRECTOR2.00X000
DAVID FLEMING
DIRECTOR2.00X000
RAYMOND HOLDSWORTH
DIRECTOR2.00X000
WILLIAM FUJIOKA
DIRECTOR2.00X000
ANTONIO MANNING
DIRECTOR2.00X000
STEVE MULCAHY
DIRECTOR2.00X000
WILLIAM MARZULLO
DIRECTOR2.00X000
LES J GOODWIN
DIRECTOR2.00X000
MATT TOLEDO
DIRECTOR2.00X000
LLOYD GREIF
DIRECTOR2.00X000
JAMES HANKLA
DIRECTOR2.00X000
ROY HEARREAN
DIRECTOR2.00X000
ROBERT HERTZBERG
DIRECTOR2.00X000
SHAUN MATTHEWS
DIRECTOR2.00X000
LEWIS HORNE
DIRECTOR2.00X000
MITRA NOVIN
DIRECTOR2.00X000
STENDER SWEENEY
DIRECTOR2.00X000
KATHRYN MCDERMOTT
DIRECTOR2.00X000
ARMANDO RAMIREZ
DIRECTOR2.00X000
FRAN INMAN
DIRECTOR2.00X000
BRIAN KITE AIA
DIRECTOR2.00X000
JOHN KUHL
DIRECTOR2.00X000
PRAFUL KULKARNI AIA
DIRECTOR2.00X000
DEANE LEAVENWORTH
DIRECTOR2.00X000
SALVADOR VELASQUEZ
DIRECTOR2.00X000
MATT RAYMOND
DIRECTOR2.00X000
DANIEL MCMILLAN
DIRECTOR2.00X000
RICHARD MORROW
DIRECTOR2.00X000
MAURA O'CONNOR
CHAIRWOMAN2.00X000
HARRIET WELCH
DIRECTOR2.00X000
THOMAS PRISELAC
DIRECTOR2.00X000
ERIC ROWEN
DIRECTOR2.00X000
THOMAS SAYLES
DIRECTOR2.00X000
DARREN SCHULMAN
DIRECTOR2.00X000
J TIMOTHY SCOTT
DIRECTOR2.00X000
TOM WINGARD
DIRECTOR2.00X000
MARK SOGOMIAN
DIRECTOR2.00X000
WILLIAM C ALLEN
PRESIDENT60.0046481700X
SUSAN D STEL
CFO50.0020649800X
CARRIE ROGERS
VP BUS ASST PROGRAM40.0016821600X
NANCY SIDHU
VP SR ECONOMIST-ECONOMIC RESEARCH40.0014224900X
GREGORY FREEMAN
VP POLICY CONSULTING40.0014200000X
GINA BARRO
VP STRATEGIC RELATIONS40.0013392700X
NHIEN BARROS
VP MARKETING AND OPERATIONS40.0011380700X
DAVID FLAKS
SR VP STRATEGIC INITIATIVES40.0014392800X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1515442TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K8NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
HARRINGTON RESOURCES LLC
95 HOLLISTER RANCH RURAL ROUTE ONEGAVIOTACA93117CONSULTING170764
FEHR AND PEERS
100 PRINGLE AVE STE 600WALNUT CREEKCA94596CONSULTING166768
DUNN AND BRADSTREET
P O BOX 75434CHICAGOIL60675CONTRACTED SERVICES108000
FieldValueIRS element (for citing)
Number Of Contractors GT100 K3NumberOfContractorsGT100K
Membership Dues1165050MembershipDues
Government Grants2330953GovernmentGrants
All Other Contributions464197AllOtherContributions
Noncash Contributions23326NoncashContributions
Total Contributions3960200TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
SPONSORED EVENTS900099655100655100
COED900099415000415000
CONSULTING900099412499412499
SPEAKER FEES/EVENTS9000997741277412
FieldValueIRS element (for citing)
Total Program Service Revenue1560011TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column177176TotalRevenueColumn
Exclusion$177,176ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnExclusionExclusionAmountRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
REALIZED GAIN ON INVES900099258069$258,069
OTHER INCOME9000998410684106
FieldValueIRS element (for citing)
Total Other Revenue342175TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column6039562TotalRevenueColumn
Related Or Exempt Function Income1644117RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$435,245ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total1515442Total
Program Services1283442ProgramServices
Management And General232000ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total1545991Total
Program Services1378292ProgramServices
Management And General167699ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total161353Total
Program Services42305ProgramServices
Management And General119048ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total679460Total
Program Services523513ProgramServices
Management And General155947ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total241924Total
Program Services187725ProgramServices
Management And General54199ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total164198Total
Management And General164198ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total76634Total
Program Services76436ProgramServices
Management And General198ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total41802Total
Program Services25617ProgramServices
Management And General16185ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total303850Total
Management And General303850ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total67435Total
Program Services50493ProgramServices
Management And General16942ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total336418Total
Program Services332267ProgramServices
Management And General4151ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total98860Total
Program Services32241ProgramServices
Management And General66619ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total70283Total
Management And General70283ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
CONTRACTED SERVICES1392117136659325524
TELEPHONE AND FAX753102226753043
PRINTING7116770936231
BAD DEBTS EXPENSE6250062500
PARKING EXPENSE36525277828743

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total69435Total
Program Services31880ProgramServices
Management And General37555ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total7010704Total
Program Services5514289ProgramServices
Management And General1496415ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY446032BOY
EOY628289EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY341569BOY
EOY878989EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1059079BOY
EOY621227EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY116426BOY
EOY82544EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis701818LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec627873LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY153295BOY
EOY73945EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY25792037BOY
EOY26786334EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY27948BOY
EOY23603EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY27936386BOY
EOY29094931EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1191449BOY
EOY1368300EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY5500BOY
EOY358EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1196949BOY
EOY1368658EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY26522437BOY
EOY27610273EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY217000BOY
EOY116000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY26739437BOY
EOY27726273EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY27936386BOY
EOY29094931EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-971142ReconcilationRevenueExpenses
Reconcilation Other Changes1957978ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2016000CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2880521CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years2925359CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3250144CurrentTaxYearMinus1Year
Current Tax Year3960200CurrentTaxYear
Total15032224Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2016000CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years2880521CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years2925359CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3250144CurrentTaxYearMinus1Year
Current Tax Year3960200CurrentTaxYear
Total15032224Total
FieldValueIRS element (for citing)
Public Support Total17015032224PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years159000CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years160864CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years275027CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year156732CurrentTaxYearMinus1Year
Current Tax Year177176CurrentTaxYear
Total928799Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years182000CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years213555CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years247941CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year206751CurrentTaxYearMinus1Year
Current Tax Year419587CurrentTaxYear
Total1269834Total
FieldValueIRS element (for citing)
Total Support17230857TotalSupport
Gross Receipts From Admissions Etc7981456GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.87240PublicSupportPertcentage170
Public Support Pertcent Prior Year0.87540PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Investment Cost Or Other Basis262927InvestmentCostOrOtherBasis
Depreciation227648Depreciation
Book Value35279BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Investment Cost Or Other Basis438891InvestmentCostOrOtherBasis
Depreciation400225Depreciation
Book Value38666BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings73945TotalOfBookValueLandBuildings

Other Securities OtherSecurities

FieldValueIRS element (for citing)
DescriptionNON PUBLICLY TRADED INVESTMENTSDescription
Book Value26786334BookValue
Method Of ValuationFMethodOfValuation
FieldValueIRS element (for citing)
Total Of Book Value Securities26786334TotalOfBookValueSecurities
Total Revenue6039562TotalRevenue
Total Expenses7010704TotalExpenses
Excess Or Deficit For Year-971142ExcessOrDeficitForYear
Other$1,957,978OtherAmount
Total Adjustments1957978TotalAdjustments
Excess Or Deficit Per FS986836ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt8748162TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments2315658NetUnrealizedGainsInvestments
Other Revenues392942OtherRevenues
Revenue Not Rptd F9902708600RevenueNotRptdF990
Revenue Subtotal6039562RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9906039562TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt7322749TotExpensesEtcAuditedFinclStmt
Other Expenses Included312045OtherExpensesIncluded
Expenses Not Rptd F990312045ExpensesNotRptdF990
Expenses Subtotal7010704ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9907010704TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifierExplanationExplanation
PART XI, LINE 8 - OTHER ADJUSTMENTS:PROGRAM SERVICE REVENUE/EXPENSES FOR AFFILIATES 1,957,978.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PROGRAM SERVICE REVENUE FOR AFFILIATES
PART XIII, LINE 2D - OTHER ADJUSTMENTS:PROGRAM SERVICE EXPENSES FOR AFFILIATES

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments1AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
WILLIAM C ALLEN
300000015000001481700000464817000
SUSAN D STEL
1600000400000649800000206498000
CARRIE ROGERS
1400000200000821600000168216000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 7ReturnReference
ExplanationBONUSESExplanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION B, LINE 11ECONOMIC 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.
EDC REQUIRES ALL EMPLOYEES TO DISCLOSE, AT LEAST ANNUALLY, ALL SOURCES OF INCOME FROM, COMPENSATION FROM, OR 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 12C
THE BOARD REVIEWED EDC PRESIDENT'S AND CHIEF FINANCIAL OFFICER'S COMPENSATION IN 2008. 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 B, LINE 15
SOME OR ALL THESE ITEMS MAYBE AVAILABLE UPON REQUEST.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:PROGRAM SERVICE REVENUE/EXPENSES FOR AFFILIATES 1,957,978. TOTAL TO FORM 990, PART XI, LINE 5: 1,957,978.FORM 990, PART XI, LINE 5:

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrgControlledOrg
CALIFORNIA INDUSTRY EDUCATION INSTITUTE
444 SOUTH FLOWER STREET 34TH FLOORLOS ANGELESCA90071954482044DEVELOPING CURRICULUM AND TRAINING PROGRAMS WITH CALIFORNIA COLLEGE SYSTEMSCA501 C 3PUBLIC CHARITYECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY0
EDC PRODUCT DEVELOPMENT FUND INC
444 SOUTH FLOWER STREET 34TH FLOORLOS ANGELESCA90071954482158EASE THE BURDENS OF GOVERNMENT BY ASSISTING... ACTIVITIES OF A PUBLIC NATURECA501 C 3PUBLIC CHARITYECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY0
WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH
444 SOUTH FLOWER STREET 34TH FLOORLOS ANGELESCA90071330190964PROMOTE INTERNATIONAL TRADECA501 C 3PUBLIC CHARITYECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY0
DEL AIRE TITLE HOLDING CORPORATION
444 SOUTH FLOWER STREET 34TH FLOORLOS ANGELESCA90071954134926TO HOLD TITLE TO REAL PROPERTYDE501 C 2ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY0
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg