South Los Angeles Economic Development
- Assets
- $1.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Compton, CA
- Founding
- 05/2002
- Data as of
- 10/2022
- EIN
- 91-2167324
Organization Overview
South Los Angeles Economic Development is located in Compton, CA. The organization was established in 2002. 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. South Los Angeles Economic Development 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 10/2022, South Los Angeles Economic Development generated $1.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $2.1k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 4 years. 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 INVOLVED IN ORGANIZING / SPONSERING VARIOUS ECONOMIC CONFERENCES IN THE LOS ANGELES AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Jones President | 10 | $0 | |
Al Washington Treasurer | 5 | $0 | |
Billy Williams Board Member | 5 | $0 | |
Earl Cooper Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,236 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,236 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,100 |
| Total expenses | $2,100 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,253 |
| Other assets | $0 |
| Total assets | $1,253 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,253 |