Overview

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Est.

1995

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Economic Development and Financing Corporation Inc (EIN: 68-0346089) is a nonprofit organization dedicated to fostering sustainable prosperity in Mendocino County and Lake County by connecting entrepreneurs with financial resources and innovative ideas. With an operating budget of $321.7K and total revenue of $397.9K for the 2024 filing year, the organization is supported by a diverse range of funders, none of which contribute 50% or more of its revenue. For more information, visit their website at www.edfc.org.

Mission Statement

Connecting money and ideas with entrepeneurs to create sustainable prosperity in Mendocino County and Lake County.
Revenues
$397.9K
Expenses
$321.7K
Net Income:
+$76.2K
Assets
$6.4M
Liabilities
$1.9M
Net Assets:
+$4.5M
Operating Budget
$321.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$15K
Largest grant received
$15K
R
Robert Gernert
Board Member
P
Patty Bruder
Board Member
J
John Goldsmith
Board Member

Frequently Asked Questions

What is Economic Development and Financing Corporation Inc’s budget?
In 2024, Economic Development and Financing Corporation Inc reported an annual operating budget of around $322 thousand. More detailed financial information is available to registered users.
What causes does Economic Development and Financing Corporation Inc support?
Economic Development and Financing Corporation Inc supports work in Business and industry and Arts and culture.
Where does Economic Development and Financing Corporation Inc operate?
Economic Development and Financing Corporation Inc is headquartered in Ukiah, CA.
Who funded Economic Development and Financing Corporation Inc recently?
In 2022, Economic Development and Financing Corporation Inc received grants from COMMUNITY FOUNDATION OF MENDOCINO COUNTY, SONOMA COUNTY ECONOMIC DEVELOPMENT BOARD FOUNDATION, and CALIFORNIA ASSOCIATION FOR MICROENTERPRISE OPPORTUNITY. More information on this organization’s funders is available to registered users.
What is the largest grant Economic Development and Financing Corporation Inc received in 2022?
The largest grant to Economic Development and Financing Corporation Inc in 2022 exceeds $15 thousand.
What is Economic Development and Financing Corporation Inc’s reliance on government grants?
Economic Development and Financing Corporation Inc relied on government grants for more than 30% of their total revenue in 2024.