Nonprofit · EIN 68-0346089
ECONOMIC DEVELOPMENT & FINANCING CORPORATION
Tax-exempt · UKIAH, CA 95482
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $976,248 | $362,749 | $613,499 | $6,816,933 | $1,667,182 | $5,149,751 |
| June 30, 2024 | 990 | $397,935 | $321,718 | $76,217 | $6,403,930 | $1,867,678 | $4,536,252 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $679,547
- of which government grants
- $679,547
- Program service revenue
- $294,005
- Investment income
- $0
- Other revenue
- $2,696
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $82,267
- Other salaries and wages
- $102,726
- Salaries, compensation and benefits (total)
- $219,300
- Professional fundraising fees
- $0
- Occupancy
- $23,531
- Depreciation
- $4,814
- Program services (functional)
- $29,451
- Management and general (functional)
- $333,298
Balance sheet and other
- Total assets, start of year
- $6,403,930
- Total assets, end of year
- $6,816,933
- Total liabilities, end of year
- $1,667,182
- Net assets, end of year
- $5,149,751
- Land, buildings and equipment
- $1,899
- Net assets without donor restrictions
- $5,146,630
- Net assets with donor restrictions
- $3,121
- Gross receipts
- $976,248
- Employees
- 3
- Year formed
- 1995
- 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 |
|---|---|---|---|
| Robert Gernert | Executive Dir. Trustee or director, Officer | 40 | $82,267 |
| Patty Bruder | Secretary Trustee or director, Officer | 2 | $0 |
| John Goldsmith | Chairman Trustee or director, Officer | 3 | $0 |
| Teri Ullrich | Treasurer Trustee or director, Officer | 2 | $0 |
| Michael Derry | Vice Chair Trustee or director | 1 | $0 |
| Madge Strong | Director Trustee or director | 1 | $0 |
| Barbara Burkey | Director Trustee or director | 1 | $0 |
| Jeff Lucas | Director Trustee or director | 1 | $0 |
| Pamela Patterson | Director Trustee or director | 1 | $0 |
| Maureen Mulheren | Director Trustee or director | 1 | $0 |
| Shannon Riley | Director Trustee or director | 1 | $0 |
| Tess Albin-Smith | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Gernert | Executive Dir. Trustee or director, Officer | 40 | $75,966 |
| Patty Bruder | Secretary Trustee or director, Officer | 2 | $0 |
| John Goldsmith | Chairman Trustee or director, Officer | 3 | $0 |
| Teri Ullrich | Treasurer Trustee or director, Officer | 2 | $0 |
| Michael Derry | Vice Chair Trustee or director | 1 | $0 |
| Madge Strong | Director Trustee or director | 1 | $0 |
| Barbara Burkey | Director Trustee or director | 1 | $0 |
| Jeff Lucas | Director Trustee or director | 1 | $0 |
| Pamela Patterson | Director Trustee or director | 1 | $0 |
| Maureen Mulheren | Director Trustee or director | 1 | $0 |
| Shannon Riley | Director Trustee or director | 1 | $0 |
| Tess Albin-Smith | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 320 S STATE ST, UKIAH, CA 95482-4907
- Principal officer (990 for 2024)
- Robert Gernert, 320 South State Street, Ukiah, CA 95482
- Signed the 990
- Robert Gernert, Executive Dir.
- Phone
- (707) 234-5705
- Return prepared by
- Jensen Smith Certified Public Accountants Inc
Mission
Connecting money and ideas with entrepeneurs to create sustainable prosperity in Mendocino County and Lake County.
Program accomplishments
- Loans were made to local businesses totalling new loads of approximately $845,000. Current loans were serviced which included payments and payoffs of previous loans totalling approximately $1,242,000 in principal payments received.Expenses $29,451
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
- 68-0346089
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A99Z)
- Assets (IRS master file)
- $6,816,933
- Income (IRS master file)
- $976,248
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,087,868 | $470,019 | $6,246,618 | IRS |
| 990 | June 2022 | $2,194,302 | $471,787 | $6,289,075 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 ECONOMIC DEVELOPMENT & FINANCING CORPORATION
- What is the EIN of ECONOMIC DEVELOPMENT & FINANCING CORPORATION?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT & FINANCING CORPORATION is 68-0346089.
- Is ECONOMIC DEVELOPMENT & FINANCING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ECONOMIC DEVELOPMENT & FINANCING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC DEVELOPMENT & FINANCING 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 ECONOMIC DEVELOPMENT & FINANCING 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 ECONOMIC DEVELOPMENT & FINANCING 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 ECONOMIC DEVELOPMENT & FINANCING CORPORATION?
- The 990 for the year ended June 30, 2025 names Robert Gernert.
- Who are the officers and directors of ECONOMIC DEVELOPMENT & FINANCING CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $82,267 (Robert Gernert, Executive Dir.).
- How much revenue does ECONOMIC DEVELOPMENT & FINANCING CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $976,248, expenses of $362,749 and total assets of $6,816,933 at year end.
Other nonprofits in UKIAH
- NEAR & ARNOLDS SCHOOL OF PERFORMING ARTS & CULTURAL EDUCATION EIN 68-0379044 · last filed 990 for 2024
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- MENDOCINO COUNTY HISTORICAL SOCIETY EIN 94-6170100 · last filed 990 for 2025
- ARTS COUNCIL OF MENDOCINO COUNTY EIN 68-0455596 · last filed 990-EZ for 2025
- UKIAH COMMUNITY CONCERT ASSOCIATION INCORPORATED EIN 94-3258211 · last filed 990-EZ for 2025
- UKIAH SYMPHONY ASSOCIATION EIN 94-2855997 · last filed 990-EZ for 2026
- DEEP VALLEY ARTS COLLECTIVE EIN 85-2156301 · last filed 990-EZ for 2025
- UKIAH FOUNDATION FOR COMMERCE AND EDUCATION INC EIN 94-3235558 · last filed 990-EZ for 2025
All nonprofits in UKIAH · California · Arts, culture and humanities