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Economic Development And Financing Corporation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 680346089 ✦ Ukiah, CA ✦ Designated as a 501(c)(3)

Overview

What is Economic Development And Financing Corporation Inc?

Economic Development and Financing Corporation Inc. is a nonprofit organization situated in Mendocino County and Lake County. Their primary mission is to foster a harmonious blend of financial resources and innovative ideas among entrepreneurs, ultimately leading to sustainable prosperity in both counties. By connecting entrepreneurs with the necessary funds and innovative concepts, this organization aims to contribute positively to the local economy and community development.


Official website here: www.edfc.org

Is Economic Development And Financing Corporation Inc legitimate?

Economic Development And Financing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development And Financing Corporation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $116,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,247

For more financial information, click here


Official website here: www.edfc.org

What is the mission statement of Economic Development And Financing Corporation Inc?

The Economic Development and Financing Corporation Inc. is dedicated to bridging financial resources and innovative ideas with entrepreneurs, with the ultimate goal of fostering sustainable prosperity in Mendocino County and Lake County. The corporation's mission is to facilitate this connection, aiming to contribute to the economic growth and development of the respective regions. By supporting entrepreneurs, the corporation aspires to create an environment that encourages business expansion and job creation, ultimately contributing to the enhancement of local communities.


Official website here: www.edfc.org

Who is the CEO of Economic Development And Financing Corporation Inc?

John Goldsmith is the Executive Dir. of Economic Development And Financing Corporation Inc.


Official website here: www.edfc.org

What is the revenue of Economic Development And Financing Corporation Inc?

Economic Development And Financing Corporation Inc's revenue in 2022 was $2,194,302.


Official website here: www.edfc.org

Who are the executives of Economic Development And Financing Corporation Inc and what are their salaries?

The average compensation at Economic Development And Financing Corporation Inc during 2022 was $37,154. There are 5 employees at Economic Development And Financing Corporation Inc.

Here are 18 key members and their salaries:

    Robert Gernert (Executive Dir.) [Trustee/Director]
  • Compensation: $58,461
  • Related: $0
  • Other: $0

    • Robin Peckham (Admin Manager) [Trustee/Director]
  • Compensation: $30,673
  • Related: $0
  • Other: $0

    • Jeremy Logan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maureen Mulheren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patty Bruder (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Goldsmith (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Minerva Flores (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Hartline (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Patterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Obenyah (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tess Albin-Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Teri Ullrich (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sattie Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Derry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shannon Riley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ted Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Madge Strong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Burkey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.edfc.org

    Where can I find the form 990 for Economic Development And Financing Corporation Inc?

    The Economic Development And Financing Corporation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.edfc.org

    Learn more at the official website: www.edfc.org

    Mission Statement of Economic Development And Financing Corporation Inc

    Economic Development and Financing Corporation Inc, as a nonprofit organization, is devoted to bridging the gap between financial resources and entrepreneurial ideas in Mendocino County and Lake County. The corporation's mission is to foster sustainable prosperity in these regions by connecting innovative minds with the necessary capital. By doing so, they aim to catalyze the creation of thriving and resilient businesses, ultimately contributing to the overall economic growth and well-being of both communities.

    Impact

    This information is meant to be a general summary of Economic Development And Financing Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Economic Development And Financing Corporation Inc's impact can be seen in its efforts to connect money and ideas with entrepreneurs in Mendocino County and Lake County. By facilitating the flow of resources and support to local businesses, the organization plays a crucial role in fostering sustainable prosperity in these regions. Through its initiatives and partnerships, Economic Development And Financing Corporation Inc is actively contributing to the economic growth and development of the communities it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $279,414
  • Gross Receipts: $2,194,302

    • Assets and Liabilities:
  • Total Assets: $6,289,075
  • Total Liabilities: $2,446,609
  • Net Assets: $3,842,466
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Loan Interest and Fees

    Revenue

    $279,414

    Organization Details

    Founding Year

    1995

    Principal Officer

    John Goldsmith

    Main Address

    208 S Oak St Ste B, Ukiah, CA, 95482

    NTEE Category

    Code: A99Z - Arts

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