South Los Angeles Economic Development
- Assets
- $2.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Compton, CA
- Founding
- 05/2002
- Data as of
- 10/2021
- 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 10/2021, South Los Angeles Economic Development generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $2.3k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS INVOLVED IN ORGANIZING / SPONSERING VARIOUS ECONOMIC CONFERENCES IN THE LOS ANGELES AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Jones President | 10 | $0 | |
Al Washington Treasurer | 5 | $0 | |
Earl Cooper Secretary | 5 | $0 | |
Billy Williams Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,507 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,507 |
| 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 | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,912 |
| Total expenses | $2,262 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,117 |
| Other assets | $0 |
| Total assets | $2,117 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Visit Napa Valley Inc Napa, CA | $10,680,406 | $9,057,176 |
Northern California Indian Development Council Inc Eureka, CA | $9,408,932 | $5,019,094 |
Greater Sacramento Area Economic Council Sacramento, CA | $15,768,585 | $3,467,560 |