Lake County Economic Development Corporation

Organization Overview

Lake County Economic Development Corporation is located in Lakeport, CA. The organization was established in 1987. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake County 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 12/2021, Lake County Economic Development Corporation generated $215.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $193.7k during the year ending 12/2021. While expenses have increased by 28.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE GOVERNMENT FUNDING TO LAKE COUNTY BUSINESSES. TO ENCOURAGE CREATION OF NEW JOBS IN THE LAKE COUNTY AREA BY OBTAINING AND PUBLICIZING INFORMATION AS TO THE FEASIBILITY OF POSSIBLE NEW ENTERPRISES AND PROVIDING LOANS TO BUSINESSES AS NEEDED.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $162,908
Interest on Savings $52,851
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $215,759

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lake County Economic Development Corporation has recieved totaling $19,000.

Awarding OrganizationAmount
United Way Of The Wine Country

Santa Rosa, CA

PURPOSE: General Disaster Relief

$19,000
View Grant Recipient Profile

Peer Organizations

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