El Segundo Economic Development Corporation
- Assets
- $187.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- Data as of
- 09/2022
- EIN
- 85-4301591
Organization Overview
El Segundo Economic Development Corporation is located in El Segundo, CA. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Segundo Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, El Segundo Economic Development Corporation generated $162.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $69.3k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS DEDICATED TO ADVANCING ECONOMIC OPPORTUNITY FOR EMPLOYERS AND PROSPERITY FOR THE RESIDENTS OF EL SEGUNDO, CA AND TO ESTABLISH MORE MEANINGFULRELATIONSHIPS WITH EXECUTIVES FOR ALL COMPANIES TO UNDERSTAND THEIR CORPORATE SITUATION, NEEDS ANDPOTENTIAL ISSUES IN STAYING WITHIN EL SEGUNDO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Chan President | 3 | $0 | |
Daniel Martin Secretary | 2 | $0 | |
Al Keahi Vice President / Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $162,500 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $162,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $50,636 |
| Occupancy, rent, utilities, and maintenance | $247 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,450 |
| Total expenses | $69,333 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $187,163 |
| Other assets | $0 |
| Total assets | $187,163 |
| Total liabilities | $0 |
| Net assets or fund balances | $187,163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Visit Napa Valley Inc Napa, CA | $10,680,406 | $9,057,176 |
Northern California Indian Development Council Inc Eureka, CA | $9,408,932 | $5,019,094 |
Greater Sacramento Area Economic Council Sacramento, CA | $15,768,585 | $3,467,560 |