2011-08-15T16:26:03-05:00 2011-03-31 VASQUEZ & COMPANY LLP 801 S GRAND AVE SUITE 400 LOS ANGELES CA 90017 990 2010-04-01 953643339 ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY ECON 2132364826 444 SOUTH FLOWER STREET 34TH FLOOR LOS ANGELES CA 90071 SUSAN STEL 2132364826 2011-07-15 1 2136299094 2010 2016-02-24 21:20:13Z SUSAN STEL 444 SOUTH FLOWER STREET 34TH FLOOR LOS ANGLES CA 90071 6039562 0 X WWW.LAEDC.ORG X 1981 CA 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. 59 59 0 0 0 0 3250144 3960200 1405060 1560011 -8836 177176 206751 342175 4853119 6039562 0 0 0 0 3903818 4144170 0 0 0 2291676 2866534 6195494 7010704 -1342375 -971142 27936386 29094931 1196949 1368658 26739437 27726273 X 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. 0 0 5514289 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. 5514289 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 59 59 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X SUSAN D STEL 2132364826 444 S FLOWER STREET 34TH FLOOR LOS ANGELES CA 90071 DAVID ABEL 2.00 X 0 0 0 RAUL ANAYA 2.00 X 0 0 0 JEFF ASSAF 2.00 X 0 0 0 LAURA BALVERDE-SANCHEZ 2.00 X 0 0 0 ROD BANKS 2.00 X 0 0 0 KELLI BERNARD 2.00 X 0 0 0 JANICE BRYANT HOWROYD 2.00 X 0 0 0 ROBERT BUSH 2.00 X 0 0 0 KWOK-YIN CHENG 2.00 X 0 0 0 CHRISTOPHER J CAREY 2.00 X 0 0 0 ZHIHANG CHI 2.00 X 0 0 0 CARLA CHRISTOFFERSON 2.00 X 0 0 0 BRUCE CHOATE 2.00 X 0 0 0 TIMOTHY DAVIS 2.00 X 0 0 0 MICHAEL COLLINS 2.00 X 0 0 0 THOMAS DECKER 2.00 X 0 0 0 DANIEL DEBRAUWERE 2.00 X 0 0 0 GEORGE DEUKMEJIAN 2.00 X 0 0 0 LADONNA DICAMILLO 2.00 X 0 0 0 NORAIR JEMJEMIAN 2.00 X 0 0 0 KRIS GAGNON 2.00 X 0 0 0 DAVID GRANNIS 2.00 X 0 0 0 STEPHEN FINNEGAN 2.00 X 0 0 0 DAVID FLEMING 2.00 X 0 0 0 RAYMOND HOLDSWORTH 2.00 X 0 0 0 WILLIAM FUJIOKA 2.00 X 0 0 0 ANTONIO MANNING 2.00 X 0 0 0 STEVE MULCAHY 2.00 X 0 0 0 WILLIAM MARZULLO 2.00 X 0 0 0 LES J GOODWIN 2.00 X 0 0 0 MATT TOLEDO 2.00 X 0 0 0 LLOYD GREIF 2.00 X 0 0 0 JAMES HANKLA 2.00 X 0 0 0 ROY HEARREAN 2.00 X 0 0 0 ROBERT HERTZBERG 2.00 X 0 0 0 SHAUN MATTHEWS 2.00 X 0 0 0 LEWIS HORNE 2.00 X 0 0 0 MITRA NOVIN 2.00 X 0 0 0 STENDER SWEENEY 2.00 X 0 0 0 KATHRYN MCDERMOTT 2.00 X 0 0 0 ARMANDO RAMIREZ 2.00 X 0 0 0 FRAN INMAN 2.00 X 0 0 0 BRIAN KITE AIA 2.00 X 0 0 0 JOHN KUHL 2.00 X 0 0 0 PRAFUL KULKARNI AIA 2.00 X 0 0 0 DEANE LEAVENWORTH 2.00 X 0 0 0 SALVADOR VELASQUEZ 2.00 X 0 0 0 MATT RAYMOND 2.00 X 0 0 0 DANIEL MCMILLAN 2.00 X 0 0 0 RICHARD MORROW 2.00 X 0 0 0 MAURA O'CONNOR 2.00 X 0 0 0 HARRIET WELCH 2.00 X 0 0 0 THOMAS PRISELAC 2.00 X 0 0 0 ERIC ROWEN 2.00 X 0 0 0 THOMAS SAYLES 2.00 X 0 0 0 DARREN SCHULMAN 2.00 X 0 0 0 J TIMOTHY SCOTT 2.00 X 0 0 0 TOM WINGARD 2.00 X 0 0 0 MARK SOGOMIAN 2.00 X 0 0 0 WILLIAM C ALLEN 60.00 X 464817 0 0 SUSAN D STEL 50.00 X 206498 0 0 CARRIE ROGERS 40.00 X 168216 0 0 NANCY SIDHU 40.00 X 142249 0 0 GREGORY FREEMAN 40.00 X 142000 0 0 GINA BARRO 40.00 X 133927 0 0 NHIEN BARROS 40.00 X 113807 0 0 DAVID FLAKS 40.00 X 143928 0 0 1515442 0 0 8 0 1 0 HARRINGTON RESOURCES LLC 95 HOLLISTER RANCH RURAL ROUTE ONE GAVIOTA CA 93117 CONSULTING 170764 FEHR AND PEERS 100 PRINGLE AVE STE 600 WALNUT CREEK CA 94596 CONSULTING 166768 DUNN AND BRADSTREET P O BOX 75434 CHICAGO IL 60675 CONTRACTED SERVICES 108000 3 1165050 2330953 464197 23326 3960200 SPONSORED EVENTS 900099 655100 655100 COED 900099 415000 415000 CONSULTING 900099 412499 412499 SPEAKER FEES/EVENTS 900099 77412 77412 1560011 177176 177176 REALIZED GAIN ON INVES 900099 258069 258069 OTHER INCOME 900099 84106 84106 342175 6039562 1644117 0 435245 1515442 1283442 232000 1545991 1378292 167699 161353 42305 119048 679460 523513 155947 241924 187725 54199 164198 164198 76634 76436 198 41802 25617 16185 303850 303850 67435 50493 16942 336418 332267 4151 98860 32241 66619 70283 70283 CONTRACTED SERVICES 1392117 1366593 25524 TELEPHONE AND FAX 75310 22267 53043 PRINTING 71167 70936 231 BAD DEBTS EXPENSE 62500 62500 PARKING EXPENSE 36525 27782 8743 69435 31880 37555 7010704 5514289 1496415 0 446032 628289 341569 878989 1059079 621227 116426 82544 701818 627873 153295 73945 25792037 26786334 27948 23603 27936386 29094931 1191449 1368300 5500 358 1196949 1368658 X 26522437 27610273 217000 116000 26739437 27726273 27936386 29094931 X -971142 1957978 X 0 1 1 X 1 1 X 2016000 2880521 2925359 3250144 3960200 15032224 2016000 2880521 2925359 3250144 3960200 15032224 15032224 159000 160864 275027 156732 177176 928799 182000 213555 247941 206751 419587 1269834 17230857 7981456 0.87240 0.87540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 262927 227648 35279 438891 400225 38666 73945 NON PUBLICLY TRADED INVESTMENTS 26786334 F 26786334 6039562 7010704 -971142 1957978 1957978 986836 8748162 2315658 392942 2708600 6039562 0 6039562 7322749 312045 312045 7010704 0 7010704 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 X X X X X 0 0 0 0 0 0 0 1 0 WILLIAM C ALLEN 300000 0 150000 0 14817 0 0 0 0 0 464817 0 0 0 SUSAN D STEL 160000 0 40000 0 6498 0 0 0 0 0 206498 0 0 0 CARRIE ROGERS 140000 0 20000 0 8216 0 0 0 0 0 168216 0 0 0 PART I, LINE 7 BONUSES 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 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 15 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 C, LINE 19 SOME OR ALL THESE ITEMS MAYBE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PROGRAM SERVICE REVENUE/EXPENSES FOR AFFILIATES 1,957,978. TOTAL TO FORM 990, PART XI, LINE 5: 1,957,978. CALIFORNIA INDUSTRY EDUCATION INSTITUTE 444 SOUTH FLOWER STREET 34TH FLOOR LOS ANGELES CA 90071 954482044 DEVELOPING CURRICULUM AND TRAINING PROGRAMS WITH CALIFORNIA COLLEGE SYSTEMS CA 501 C 3 PUBLIC CHARITY ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY 0 EDC PRODUCT DEVELOPMENT FUND INC 444 SOUTH FLOWER STREET 34TH 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 34TH 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 34TH FLOOR LOS ANGELES CA 90071 954134926 TO HOLD TITLE TO REAL PROPERTY DE 501 C 2 ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0