Nonprofits›Arcata Economic Development Corp

Community Improvement & Capacity Building

Arcata Economic Development Corp

EUREKA, CA

WebsiteView as a funder

Total revenue

$5.7M

Total expenses

$4.9M

Net assets

$7.0M

Grants received

$1.0M

15 grants

EIN

942674882

Tax year

2024

Mission

To promote economic development in the north coast region of california by providing business lending and technical assistance services, community economic development assistance, and microloan business assistance & training.

Programs

1 program

Aedc manages several programs to promote economic development in northern california. Aedc organizes an economic development summit to support entrepreneurs and small businesses. Emerging leaders are brought together for establishing collaborative strategies. Aedc provides opportunities for local native tribes to collaborate in applying for grants.

Expenses: $4.1MGrants: $3.0M

Financials

FY 2024

Revenue

Contributions & grants$4.6M
Program service revenue$973K
Investment income$106K
Other revenue—
Total revenue$5.7M

Expenses

Grants paid$3.0M
Salaries & benefits$848K
Fundraising—
Other expenses$1.1M
Total expenses$4.9M
Total assets$19.0M
Net assets$7.0M

People

12 listed

NameRoleCompensation

ROSS WELCH

EXECUTIVE DIRECTOR

Board

$122K

40 hrs/wk

WALT GEIST

PRESIDENT

Board

—

1 hrs/wk

LARRY OETKER

VICE PRESIDENT

Board

—

1 hrs/wk

MICHAEL PROULX

TREASURER

Board

—

1 hrs/wk

JANET DEPACE

SECRETARY

Board

—

1 hrs/wk

MANDY MARQUEZ

DIRECTOR

Board

—

1 hrs/wk

FAWN SCHEER

DIRECTOR

Board

—

1 hrs/wk

TERRY SUPAHAN

DIRECTOR

Board

—

1 hrs/wk

TINA SUSMILICH

DIRECTOR

Board

—

1 hrs/wk

AJ GONZALES

DIRECTOR

Board

—

1 hrs/wk

NICOLE FLORA

DIRECTOR

Board

—

1 hrs/wk

AMBER WEIR

DIRECTOR

Board

—

1 hrs/wk

Grants received

Showing 15 of 15

FromAmountPurposeYear
California Finance Consortium
$68K
LENDING CAPITAL
2024
MISSION ECONOMIC DEVELOPMENT AGENCY
$30K
SMALL BUSINESS COALITION FOR RACIAL JUSTICE
2024
California Finance Consortium
$175K
LENDING CAPITAL
2023
MISSION ECONOMIC DEVELOPMENT AGENCY
$65K
SMALL BUSINESS COALITION FOR RACIAL JUSTICE
2023
THE CALIFORNIA WELLNESS FOUNDATION
$1K
FOR CORE OPERATING SUPPORT TO PROVIDE RESPONSIBLE AND AFFORDABLE FINANCIAL ASSISTANCE TO BUSINESSES, NONPROFIT ORGANIZATIONS, AND TRIBES IN NORTHERN CALIFORNIA.
2023
OPPORTUNITY FINANCE NETWORK
$75K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
HUMBOLDT AREA FOUNDATION
$132K
PUBLIC INVESTING AND INNOVATION PROJECT WAGES, BENEFITS AND THE STARTUP SUPPLIES
2021
CALIFORNIA ASSOCIATION FOR
$35K
CA SBA Grant
2021
OPPORTUNITY FINANCE NETWORK
$100K
COVID-19 GRANT
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$65K
For grant recipient's exempt purposes
2020
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC
$10K
UNRESTRICTED GENERAL SUPPORT
2020
HUMBOLDT AREA FOUNDATION
$135K
SUPPORTING THE ENTREPRENEURIAL DEL NORTE SMALL BUSINESS INITIATIVE.
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$60K
For grant recipient's exempt purposes
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$60K
For grant recipient's exempt purposes
2018
HUMBOLDT AREA FOUNDATION
$6K
DEL NORTE MICROENTERPRISE SUPPORT AND LEMONADE DAY SUPPORT
2018

Funded by

$1.0M from 8 funders · 15 grants · 2018–2024

Humboldt Area Foundation

$273K · 3 grants · 2018–2021

California Finance Consortium

$243K · 2 grants · 2023–2024

Fidelity Investments Charitable Gift Fund

$185K · 3 grants · 2018–2020

Opportunity Finance Network

$175K · 2 grants · 2020–2022

Mission Economic Development Agency

$95K · 2 grants · 2023–2024

California Association For

$35K · 1 grant · 2021

Details

EIN942674882
NTEE codeS30
Subsection03
Ruling date1980-10
Formed1978
Employees10
Volunteers0
ARCATA ECONOMIC DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo