Nonprofit · EIN 27-0574694
EMERGING MARKETS DEVELOPMENT CORPORATION
Tax-exempt · PALM DESERT, CA 92261
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $235,000 | $703,671 | -$468,671 | $397,873 | $0 | $397,873 |
| December 31, 2024 | 990 | $731,000 | $637,602 | $93,398 | $866,544 | $0 | $866,544 |
| December 31, 2023 | 990 | $1,165,000 | $419,753 | $745,247 | $773,146 | $0 | $773,146 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $235,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,620
- Program services (functional)
- $688,726
- Management and general (functional)
- $14,945
Balance sheet and other
- Total assets, start of year
- $866,544
- Total assets, end of year
- $397,873
- Total liabilities, end of year
- $0
- Net assets, end of year
- $397,873
- Net assets without donor restrictions
- $60,428
- Net assets with donor restrictions
- $337,445
- Gross receipts
- $235,000
- Employees
- 0
- Year formed
- 2009
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ELWOOD HOPKINS | CEO Trustee or director, Officer | 3 | $0 | $229,631 |
| THOMAS TSENG | DIRECTOR Trustee or director, Former | – | $0 | $0 |
| DANIEL TELLALIAN | FORMER Trustee or director, Former | 2.31 | $0 | $0 |
| JAN MCELWEE | DIRECTOR Trustee or director, Former | 1 | $0 | $0 |
| RAUL P LOMELI-AZOUBEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROOPER SANDERS | DIRECTOR Trustee or director | – | $0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ELWOOD HOPKINS | CEO Trustee or director, Officer | 3 | $0 | $214,046 |
| THOMAS TSENG | DIRECTOR Trustee or director, Former | – | $0 | $0 |
| DANIEL TELLALIAN | FORMER Trustee or director, Former | 2.31 | $0 | $0 |
| JAN MCELWEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAUL P LOMELI-AZOUBEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROOPER SANDERS | DIRECTOR Trustee or director, Former | – | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ELWOOD HOPKINS | CEO Trustee or director, Officer, Former | 3 | $0 | $128,158 |
| THOMAS TSENG | DIRECTOR Trustee or director, Former | – | $0 | $0 |
| DANIEL TELLALIAN | FORMER Trustee or director, Former | 2.31 | $0 | $0 |
| JAN MCELWEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAUL P LOMELI-AZOUBEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROOPER SANDERS | DIRECTOR Trustee or director, Former | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1138, PALM DESERT, CA 92261-1138
- Mailing address (990-N for 2009)
- 1024 N ORANGE DRIVE Apt No 120, LOS ANGELES CA 90038
- Principal officer (990 for 2025)
- ELWOOD HOPKINS, 8452 HAROLD WAY, LOS ANGELES, CA 90069
- Principal officer (990-N for 2009)
- DANIEL TELLALIAN, 1024 N ORANGE DRIVE Room/Suite 120, LOS ANGELES CA 90038
- Signed the 990
- ELWOOD HOPKINS, CEO
- Phone
- (323) 465-0406
- Return prepared by
- J Scott Woodward CPA MST
Mission
Research and publish data on under-invested communities as opportunities for place-based initiatives. Facilitate private sector investment in underserved communities. Assists community organizations to partner with each other and the private sector for community development activities. Advance notions of place-based community economic development.
Program accomplishments
- Facilitating working relationships between nonprofit agencies and private sector businesses. Conducting research on specific neighborhoods and advocating for increased financial infrastructure in underserved communities. Drafting and publishing narratives about how the private sector can improve the economic tradjectory of low-income communities.Expenses $688,726 · grants $50,000 · revenue $235,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0574694
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S02)
- Assets (IRS master file)
- $397,873
- Income (IRS master file)
- $235,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,165,000 | $419,753 | $773,146 | IRS |
| 990 | December 2022 | $0 | $229,326 | $27,899 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: DANIEL TELLALIAN | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about EMERGING MARKETS DEVELOPMENT CORPORATION
- What is the EIN of EMERGING MARKETS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of EMERGING MARKETS DEVELOPMENT CORPORATION is 27-0574694.
- Is EMERGING MARKETS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to EMERGING MARKETS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EMERGING MARKETS DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EMERGING MARKETS DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EMERGING MARKETS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of EMERGING MARKETS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names ELWOOD HOPKINS.
- Who are the officers and directors of EMERGING MARKETS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does EMERGING MARKETS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $235,000, expenses of $703,671 and total assets of $397,873 at year end.
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