Overview
What is Arcata Economic Development Corporation?
The Arcata Economic Development Corporation (AEDC) is a nonprofit organization based in Eureka, California, specifically at 707 K Street, CA 95501. Its primary mission is to stimulate economic growth in the North Coast region of California. AEDC achieves this goal by offering business lending and technical assistance services, community economic development assistance, and microloan business assistance and training. During the fiscal year, AEDC granted 12 new loans to small businesses and managed 52 small business loans in its portfolio. Additionally, AEDC collaborates with local governmental agencies to administer small business loans and provides technical assistance and training to small businesses across Northern California, employing a team of 11 individuals.
Official website here: www.aedc1.org
Is Arcata Economic Development Corporation legitimate?
Arcata Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arcata Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $107,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $558,599
For more financial information, click here
Official website here: www.aedc1.org
What is the mission statement of Arcata Economic Development Corporation?
The Arcata Economic Development Corporation's mission is centered around promoting economic development in a specific region. They achieve this by offering business lending and technical assistance services, community economic development assistance, and microloan business assistance and training. This organization aims to support small businesses in their growth and development, providing loans and offering technical assistance and training throughout the region. During the fiscal year, they made 12 new loans and managed a portfolio of 52 small business loans. Beyond lending, they also administer small business loans for local governmental agencies and offer assistance and training to various small businesses in the area.
Official website here: www.aedc1.org
Who is the CEO of Arcata Economic Development Corporation?
Ross Welch is the Executive Director of Arcata Economic Development Corporation.
Official website here: www.aedc1.org
What is the revenue of Arcata Economic Development Corporation?
Arcata Economic Development Corporation's revenue in 2023 was $3,441,770.
Official website here: www.aedc1.org
Who are the executives of Arcata Economic Development Corporation and what are their salaries?
The average compensation at Arcata Economic Development Corporation during 2023 was $60,534. There are 11 employees at Arcata Economic Development Corporation.
Here are 10 key members and their salaries:
- Ross Welch (Executive Director)
- Mandy Marquez (President) [Trustee/Director]
- Janet Depace (Vice President) [Trustee/Director]
- Michael Proulx (Treasurer) [Trustee/Director]
- Larry Oetker (Secretary) [Trustee/Director]
- Walt Geist (Director)
- Terry Supahan (Director)
- Kathy Montagne (Director)
- Tina Susmilich (Director)
- Fawn Scheer (Director)
Official website here: www.aedc1.org
Where can I find the form 990 for Arcata Economic Development Corporation?
The Arcata Economic Development Corporation’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.aedc1.org
Learn more at the official website: www.aedc1.org
Mission Statement of Arcata Economic Development Corporation
Arcata Economic Development Corporation (AEDC) is committed to fostering economic growth in the North Coast region of California. They accomplish this by offering various services, including business lending, technical assistance, community economic development assistance, and microloan business assistance and training. By providing these resources, AEDC aims to support small businesses located throughout Northern California, thereby contributing to the region's economic development. During the fiscal year, AEDC made 12 new loans and managed a portfolio of 52 small business loans. In addition to these lending activities, AEDC also administers small business loans for local governmental agencies and provides technical assistance and training to small businesses across Northern California.
Impact
This information is meant to be a general summary of Arcata Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Arcata Economic Development Corporation has made a significant impact by promoting economic development in the North Coast region of California. Through providing business lending and technical assistance services, community economic development assistance, and microloan business assistance and training, AEDC has supported small businesses throughout Northern California. In the fiscal year, AEDC facilitated 12 new loans and maintained a portfolio of 52 small business loans. Additionally, AEDC administered small business loans for local governmental agencies and offered crucial technical assistance and training to small businesses in the region. Overall, AEDC's efforts have contributed to the growth and sustainability of businesses in Northern California, leading to improved economic prospects and community development.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST AND FEES
Revenue
$419,162
PORTFOLIO MANAGAMENT
Revenue
$120,507
SBA 504 INCOME
Revenue
$73,050
PROGRAM MANAGEMENT
Revenue
$117,892
RECOVERIES & REIMBURSEMENTS
Revenue
$18,391
Organization Details
Founding Year
1978
Phone
(707) 798-6132
Principal Officer
Ross Welch
Main Address
707 K STREET, EUREKA, CA, 95501
Website
www.aedc1.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of Arcata Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.