Nonprofit · EIN 47-2926205
MCS ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $602,756 | $493,009 | $109,747 | $394,696 | $23,783 | $370,913 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $15,000
- of which government grants
- $5,000
- Program service revenue
- $587,756
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $159,208
- Salaries, compensation and benefits (total)
- $191,447
- Professional fundraising fees
- $0
- Accounting fees
- $33,000
- Travel
- $954
- Program services (functional)
- $404,191
- Management and general (functional)
- $84,285
- Fundraising (functional)
- $4,533
Balance sheet and other
- Total assets, start of year
- $283,352
- Total assets, end of year
- $394,696
- Total liabilities, end of year
- $23,783
- Net assets, end of year
- $370,913
- Net assets without donor restrictions
- $370,913
- Gross receipts
- $602,756
- Employees
- 2
- Volunteers
- 3
- Year formed
- 2021
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCISCO DEVIVO | BOARD CHAIR/CHIEFF EXECUTIVE OFFICER Trustee or director | 1 | $0 |
| JOHN NESSE | BOARD MEMBER/SECRETARY Trustee or director | 1 | $0 |
| BRYON LANAGAN | BOARD MEMBER/CHIEF FINANCIAL OFFICER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3333 WILSHIRE BLVD STE 405, LOS ANGELES, CA 90010-4111
- In care of
- % TITO MATURAN
- Mailing address (990-N for 2017)
- 3333 Wilshire Blvd, LOS ANGELES CA 90010
- Principal officer (990 for 2024)
- FRANCISCO DEVIVO, 3333 WILSHIRE BLVD, LOS ANGELES, CA 90010
- Principal officer (990-N for 2017)
- FRANCISCO DEVIVO, 3333 WILSHIRE BLVDSUITE 208, LOS ANGELES CA 90010
- Signed the 990
- FRANCISCO DEVIVO, CEO
- Phone
- (213) 355-5307
- Return prepared by
- QIU ACCOUNTANCY CORPORATION
Mission
Managed Career Solutions Economic Development Corporation (MCSEDC) Provides a variety of job training, employment placement and community support. MCSEDC manages projects for the State of California Employment Development and the National Disability Institute. While many MCSEDC services are available to the general public,other more intensive services are targeted to Veterans, individuals with a disability, public assistance recipients, youth, and disadvantaged, or low-income individuals.
Program accomplishments
- Work Incentive Planning and Assistance (WIPA) services are available to individuals receiving SSI or SSDI benefits through the Social Security Administration. WIPA Navigators help Social Security disability beneficiaries become more self-sufficient by explaining how employment could impact their benefits. Support the Hatch Multi-Site program with Outreach, Recruitment, Referral, and Coenrollment (match funds) oppotunities with WIOA and other funded workforce development programs in East Los Angeles Area.Expenses $404,191 · revenue $587,756
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2926205
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $394,696
- Income (IRS master file)
- $602,756
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $812,394 | $643,349 | $425,755 | IRS |
| 990 | June 2022 | $343,800 | $302,689 | $90,362 | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-N for 2017 Officer: FRANCISCO DEVIVO | June 30, 2018 | ≤ $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 MCS ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of MCS ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MCS ECONOMIC DEVELOPMENT CORPORATION is 47-2926205.
- Is MCS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to MCS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MCS ECONOMIC 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 MCS ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MCS ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MCS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names FRANCISCO DEVIVO.
- Who are the officers and directors of MCS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MCS ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $602,756, expenses of $493,009 and total assets of $394,696 at year end.
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