THE FUNCTION OF THE CORPORATION SHALL BE TO EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGHOUT LOS ANGELES COUNTY, AND EDUCATING THE PUBLIC THROUGH ECONOMIC RESEARCH, ANALYSIS AND OTHERWISE. BY SERVING AS A VEHICLE TO FACILITATE COOPERATION BETWEEN THE PUBLIC AND PRIVATE SECTOR. THE CORPORATION WILL COALESCE LOCAL, STATE AND FEDERAL RESOURCES TO INCREASE PRIVATE INVESTMENT, PARTICULARY IN THE ECONOMICALLY DISTRESSED AREAS OF SAID COUNTY. THROUGH THE COLLABORATION WITH COMMUNITY, GOVERNMENT, BUSINESS, LABOR AND EDUCATION PARTNERS TO INFORM AND ADVANCE OUR DATA - DRIVEN AND EVIDENCE-BASED APPROACH, WE ENDEAVOR TO ACHIEVE A REIMAGINED REGIONAL ECONOMY - GROWING, EQUITABLE, SUSTAINABLE, AND RESILIENT- THAT PROVIDES HEALTHY AND HIGH STANDARD OF LIVING FOR ALL.
Executive compensation, broken down
Form 990 · Schedule J · 10 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $358k
- Bonus
- $38k
- Other
- —
- Benefits
- $22k
- Base
- $245k
- Bonus
- $20k
- Other
- —
- Benefits
- $20k
- Base
- $213k
- Bonus
- $15k
- Other
- —
- Benefits
- $24k
- Base
- $164k
- Bonus
- $10k
- Other
- —
- Benefits
- $11k
- Base
- $162k
- Bonus
- $5k
- Other
- —
- Benefits
- $24k
- Base
- $138k
- Bonus
- $15k
- Other
- —
- Benefits
- $12k
- Base
- $132k
- Bonus
- $6k
- Other
- —
- Benefits
- $11k
- Base
- $134k
- Bonus
- $3k
- Other
- —
- Benefits
- $15k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President and CEO Above 90th percentile | $358k | $38k | — | $22k | $435k $481k |
Executive Vice Pres./cfo Officer (Unspecified) | $245k | $20k | — | $20k | $299k $330k |
Vice President Strategic Relations Vice President 75th to 90th percentile | $213k | $15k | — | $24k | $265k $293k |
Dir. Institute of Applied Economics Key Employee Median to 75th percentile | $164k | $10k | — | $11k | $196k $217k |
Vice President Workforce Development & Special PR Vice President 75th to 90th percentile | $162k | $5k | — | $24k | $193k $213k |
Director of Business Assistance Program Director (Operational) 75th to 90th percentile | $138k | $15k | — | $12k | $175k $193k |
Senior Director Accounting & Administration Highest Compensated Employee 25th percentile to median | $132k | $6k | — | $11k | $158k $174k |
Senior Economist Highest Compensated Employee 25th percentile to median | $134k | $3k | — | $15k | $155k $171k |
VP Business Assistance and International Trade Vice President Median to 75th percentile | — | — | — | — | $144k $159k |
Director of IT and Facilities Chief Information Officer 25th percentile to median | — | — | — | — | $137k $152k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 99 unpaid individuals.
Down 18%
from 2022
From $529k in 2022 to $435k in 2023.
Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay fell 18% from 2022 to 2023, while revenue rose 55%.
- Vice President pay rose 5% from 2022 to 2023.
- Director (Operational) pay rose 4% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Revenue and expenses over time
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY reported revenue and expenses across 2 filing years.
Common questions about ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY
What does the Chief Executive Officer of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY earn?
In 2023, the Chief Executive Officer of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY received $435,192 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY falls in the top 10%.
What are ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY's revenue and expenses?
In 2023, ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY reported $9M in total revenue and $8.5M in total expenses on its IRS Form 990.
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