Economic Development Reform FY2021 filing

Los Angeles, CAUnknown exempt organizationEIN 85-4187633

Support ballot measure in local southern california cities to promote economic development.

46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $29K a year · 5% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$626K
×12 vs prior year
Spent
$606K
To programs
46%
Net assets
$35K
By yearFY2020–FY2024
Revenue
$626K
FY2021▲ ×12
Revenue by fiscal year
FY2020$52K
FY2021$626K
FY2022$653K
FY2023$0
FY2024$40K
Expenses
$606K
FY2021
Expenses by fiscal year
FY2020Not on file
FY2021$606K
FY2022$615K
FY2023Not on file
FY2024Not on file
Net assets
$35K
FY2021▲ +135%
Net assets by fiscal year
FY2020$15K
FY2021$35K
FY2022$73K
FY2023$0
FY2024$0

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $276K Management & general 54% · $330K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President/Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Economic Development Reform executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes economic development by supporting local ballot measures in Southern California.

Provided by the organization

This section is blank until Economic Development Reform claims this page.

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1 program service account for $276K of program spending, described in the organization's own filed words · FY2021.
01

Support ballot measure in local southern california cities to promote economic development.

$276Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$626K
Ln 12
Gifts and grantsLn 1h$626K
Money outPt IX
$606K
Ln 25
Programscol B$276K
Managementcol C$330K
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$35K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$626K
Total revenueLn 12$626K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Total assetsLn 16$35K
LiabilitiesLn 26$0
Net assetsLn 32$35K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$15K$35K
Total assetsLn 16$15K$35K
LiabilitiesLn 26$0$0
Net assetsLn 32$15K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$34K$34K
Other fees for servicesLn 11g$293K$293K
Office expensesLn 13$3K$3K
Other expenses (24a–d)Ln 24$276K$276K
Total functional expensesLn 25$606K$276K$330K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $40K$0 990 PDF
FY2023 $0$0 990 PDF
FY2022 $653K$615K$38K$73K 990 PDF
FY2021 Viewing $626K$606K$20K$35K 990 PDF
FY2020 $52K$15K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $625,739 across 3 lines filed
VIII-1f All other contributions, gifts and grants$625,739
VIII-1h Total contributions, gifts and grants$625,739
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$625,739
Part IX · Statement of functional expenses $605,745 across 4 lines filed
IX-11b Legal feesManagement $34,000$34,000
IX-11g Other fees for servicesManagement $292,977$292,977
IX-13 Office expensesManagement $3,101$3,101
IX-24 Other expenses (24a–d)Programs $275,667$275,667
IX-25 Total functional expensesPrograms $275,667 · Management $330,078 · Fundraising $0$605,745
Part X · Balance sheet $34,844 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $14,850$34,844
X-16 Total assetsStart of year $14,850$34,844
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $14,850$34,844
X-33 Total liabilities and net assetsStart of year $14,850$34,844
Part XI · Reconciliation of net assets $34,844 net assets at year end
XI-1 Total revenue$625,739
XI-2 Total expenses$605,745
XI-3 Revenue less expenses$19,994
XI-4 Net assets at start of year$14,850
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,844

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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