Emerging Markets Development Corporation

Organization Overview

Emerging Markets Development Corporation is located in Palm Springs, CA. The organization was established in 2009. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. Emerging Markets 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, Emerging Markets Development Corporation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $419.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

BUILDS THE CAPACITY OF COMMUNITIES, VIA NONPROFIT NETWORKS, TO PARTNER WITH THE PRIVATE SECTOR IN ECONOMIC DEVELOPMENT ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FACILITATING WORKING RELATIONSHIPS BETWEEN NONPROFIT AGENCIES AND PRIVATE SECTOR BUSINESSES. CONDUCTING RESEARCH ON SPECIFIC NEIGHBORHOODS AND ADVOCATING FOR INCREASED FINANCIAL INFRASTRUCTURE IN UNDERSERVED COMMUNITIES. DRAFTING AND PUBLISHING NARRATIVES ABOUT HOW THE PRIVATE SECTOR CAN IMPROVE THE ECONOMIC TRADJECTORY OF LOW-INCOME COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Elwood Hopkins
CEO
$0
Thomas Tseng
Director
$0
Daniel Tellalian
Former
$0
Jan Mcelwee
Director
$0
Raul P Lomeli-Azoubel
Director
$0
Trooper Sanders
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Emerging Markets Inc
Grant Fullfillment
$100,000
Th Mcclory Llc
Grant Fullfillment
$110,000
Neighborhood Investment Company Inc
Grant Fullfillment
$168,999
View All Vendors

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$1,165,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,165,000
Total Program Service Revenue$0
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 $1,165,000

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Emerging Markets Development Corporation
Palm Springs, CA
$1,165,000

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