Anaheim Economic Development Corporation
- Assets
- $43.1k
- Revenue
- $65.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Anaheim, CA
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 26-0560796
Organization Overview
Anaheim Economic Development Corporation is located in Anaheim, CA. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Anaheim 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 12/2023, Anaheim Economic Development Corporation generated $65.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $90.4k during the year ending 12/2023. While expenses have increased by 14.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, SUPPORT AND FUND ACTIVITIES THAT PROVIDE COMMUNITY SOLUTIONS WHICH CREATE ECONOMIC PROSPERITY FOR THE GREATER ANAHEIM AREA AND WELL-BEING FOR THE GREATER ANAHEIM AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECONOMIC DEVELOPMENT REVENUES WERE FOR ANAHEIM RECOVERY & BUSINESS ASSISTANCE ACTIVITIES. ECONOMIC RECOVERY EFFORTS INCLUDED DEVELOPMENT OF A PURCHASING PREFERENCE/SHOP LOCAL/DINE PROGRAMS;IDENTIFICATION OF REAL-TIME LOCAL, STATE AND FEDERAL RESOURCES FOR BUSINESS RELIEF AND ASSISTANCE; DEVELOPMENT AND COORDINATION OF TELE TOWN HALL SEMINARS WITH RESORT KEY SECTORS PROVIDING ON-GOING LABOR LAW, WORKFORCE, TAX, FINANCIAL ASSISTANCE AND SECURITY RESOURCES; CONTINUED OUTREACH TO BUSINESSES TO ASSESS CRITICAL NEEDS; IDENTIFICATION AND SUPPORT OF POLICIES AND PROCESSES TO ASSIST BUSINESSES THROUGH RECOVERY; COORDINATION AND DEVELOPMENT OF OUTREACH MATERIALS AND COMMUNICATION STRATEGY TO UPDATE BUSINESS COMMUNITY ON BUSINESS RESOURCES AND ASSISTANCE PROGRAMS.
THE ANAHEIM ECONOMIC DEVELOPMENT CORPORATION, IN PARTNERSHIP WITH THE ANHEIM CHAMBER OF COMMERCE, CANYON HILLS COMMUNITY COUNCIL, THE CITY OF ANAHEIM AND OTHERS, HOSTED THE ANAHEIM 4TH OF JULY CELEBRATION IN ORDER TO ENGAGE RESIDENTS, BUSINESSES AND CITY LEADERS I CREATING A SENSE OF COMMUNITY AND PATRIOTISM. THE EVENT INCLUDED THE FIRECRACKER 5K/10K RUN, THE YANKEE DOODLE DOG SHOW, THE 4TH OF JULY PARADE AND A CELEBRATION AT THE PARK WHICH CULMINATED THE FIREWORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Cain Director | Trustee | 15 | $10,600 |
Ross Mccune Chairman | OfficerTrustee | 1 | $0 |
Angelica Silva Director | Trustee | 1 | $0 |
Amelia Castro Director | Trustee | 1 | $0 |
Mike Johnson Director | Trustee | 1 | $0 |
Laura Cunningham President And CEO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $65,388 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $74 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $140 |
| Total functional expenses | $90,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,094 |
| Accounts payable and accrued expenses | $12,500 |
| Grants payable | $0 |
| Deferred revenue | $44,836 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,336 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$14,242 |
| Total liabilities and net assets/fund balances | $43,094 |