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Nonprofit · EIN 95-3457545

BAY AREA EMPLOYMENT DEVELOPMENT COMPANY

Tax-exempt · NAPA, CA 94559

Financials

$5.1M$4.4M2022$4.5M$4M2023$5M$4.7M2024
Revenue Expenses · by fiscal year end
Financials of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$4,965,067$4,730,573$234,494$4,015,435$1,201,666$2,813,769
September 30, 2024990 (amended)$4,535,410$3,998,105$537,305$3,697,089$1,156,573$2,540,516
September 30, 2023990$5,131,867$4,439,699$692,168$2,359,655$356,444$2,003,211
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,912,988
Investment income
$49,726
Other revenue
$2,353

Expenses

Grants and similar amounts paid
$36,000
Compensation of officers, directors and key employees
$174,000
Other salaries and wages
$2,523,698
Salaries, compensation and benefits (total)
$3,387,759
Professional fundraising fees
$0
Legal fees
$396,200
Accounting fees
$58,956
Occupancy
$107,042
Travel
$108,204
Program services (functional)
$3,937,638
Management and general (functional)
$792,935

Balance sheet and other

Total assets, start of year
$3,697,089
Total assets, end of year
$4,015,435
Total liabilities, end of year
$1,201,666
Net assets, end of year
$2,813,769
Land, buildings and equipment
$8,185
Net assets without donor restrictions
$2,813,769
Gross receipts
$4,965,067
Employees
19
Year formed
1978
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Richard GrantCEO
Officer
40$503,271$31,340
Mark SchwanSenior VP40$198,177$34,748
Isiah AlcantarSVP & Marketing Manager40$165,900$27,695
Kimberly ShinjoVP Loan Analyst and Underwriter40$144,700$30,800
Richard HildebrandSenior VP / Maket Manager40$152,783$13,087
Susan DunlapPortfolio Manager40$154,360$10,140
Robert ThompsonSenior VP40$126,582$23,608
James BairdDirector
Officer
40$150,000$0
Heather AshbridgeVP Loan Analyst40$137,220$8,280
Eleni CaryotakisVP Loan Analyst40$128,958$3,542
Walter MenzelVice President
Trustee or director
1$4,000$0
Torran NixonDirector
Trustee or director
1$4,000$0
Michael JohnsonPresident
Trustee or director
1$4,000$0
Scott HaugeDirector
Trustee or director
1$4,000$0
Bonnie LipscombTreasurer
Trustee or director
1$4,000$0
2 more people on this return
NameTitleHours / weekCompensation
Olivia RebanalDirector
Trustee or director
1$4,000
Francine BoardsDirector
Trustee or director
1$0
990 for the year ended September 30, 2024: 13 people
NameTitleHours / weekCompensation
Richard GrantCEO40$395,845
Mark SchwanSenior VP40$261,870
Kimberly ShinjoLoan Analyst40$171,000
Susan DunlapPortfolio Manager40$158,500
Robert ThompsonSenior VP40$158,290
James BairdDirector
Trustee or director
40$137,500
Walter MenzelVice President
Trustee or director
1$4,000
Torran NixonDirector
Trustee or director
1$4,000
Michael JohnsonPresident
Trustee or director
1$4,000
Scott HaugeDirector
Trustee or director
1$4,000
Bonnie LipscombTreasurer
Trustee or director
1$4,000
Olivia RebanalDirector
Trustee or director
1$4,000
Francine BoardsDirector
Trustee or director
1$0
990 for the year ended September 30, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
Richard GrantCEO40$389,276$11,250
Joseph LampeSenior VP40$320,738$30,000
Fletcher ChangLoan Analyst40$189,225$9,754
Robert ThompsonVice President40$165,102$29,486
Mark SchwanSenior VP40$166,785$18,750
James BairdDirector
Trustee or director
40$150,000$0
Walter MenzelVice President
Trustee or director
1$4,000$0
Torran NixonDirector
Trustee or director
1$4,000$0
Michael JohnsonPresident
Trustee or director
1$4,000$0
Scott HaugeDirector
Trustee or director
1$4,000$0
Bonnie LipscombTreasurer
Trustee or director
1$4,000$0
Olivia RebanalDirector
Trustee or director
1$4,000$0
Francine BoardsDirector
Trustee or director
1$0$0
Scott RoddeFormer Director - Current Counsel20$0$0

Address and contacts

Address (IRS master file)
1500 THIRD ST STE C, NAPA, CA 94559-2866
Principal officer (990 for 2024)
Michael Johnson, 1855 Gateway Blvd Suite 720, Concord, CA 94520
Signed the 990
Michael Johnson, President
Phone
(925) 926-1020
Return prepared by
Pinnacle Accounting & Financial Services

California records

California keeps its own records of charities and corporations. Search them by EIN 95-3457545 or by the name BAY AREA EMPLOYMENT DEVELOPMENT COMPANY.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

Assist growing small businesses obtain low cost optimally structured financing for fixed asset expansions which helps them retain and create jobs and assist their communities with neighborhood commercial revitalization efforts.

990 for the year ended September 30, 2025

Program accomplishments

  • Bay Area Employment Development Company BDC is licensed by the U.S. Small Business Administration, a federal agency, as a certified development company, for the purpose of making 504 loans to eligible small businesses. BDC uses 504 financing to assist growing small businesses obtain low cost financing for fixed asset expansions which helps them retain and create jobs and assist their communities with commercial revitalization efforts. Since its inception, BDC has provided 2,554 small businesses with over $1.8 billion of 504 financing and over $5 billion of funding overall. This has helped those companies create and retain approximately 28,000 jobs. Over 1/3 of the businesses funded are in low and moderate income areas and over 1/3 of their clients are women and minority owned businesses.
    Expenses $3,937,638

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
95-3457545
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1980
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,015,435
Income (IRS master file)
$4,965,067

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$4,965,067$4,730,573$4,015,435XML
990September 2024$4,535,410$3,959,346$3,697,089XML
990September 2023$5,131,867$4,439,699$2,359,655XML
990September 2022$5,006,883$4,660,301$1,691,619IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 95-3457545).

Questions about BAY AREA EMPLOYMENT DEVELOPMENT COMPANY

What is the EIN of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY?
The employer identification number (EIN) of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY is 95-3457545.
Is BAY AREA EMPLOYMENT DEVELOPMENT COMPANY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1980.
Are donations to BAY AREA EMPLOYMENT DEVELOPMENT COMPANY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BAY AREA EMPLOYMENT DEVELOPMENT COMPANY 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 BAY AREA EMPLOYMENT DEVELOPMENT COMPANY due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BAY AREA EMPLOYMENT DEVELOPMENT COMPANY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY?
The 990 for the year ended September 30, 2025 names Michael Johnson.
Who are the officers and directors of BAY AREA EMPLOYMENT DEVELOPMENT COMPANY?
The 990 for the year ended September 30, 2025 lists 17 people; 16 received compensation from the organization, the highest $503,271 (Richard Grant, CEO).
How much revenue does BAY AREA EMPLOYMENT DEVELOPMENT COMPANY have?
On its 990 for the year ended September 30, 2025 it reported revenue of $4,965,067, expenses of $4,730,573 and total assets of $4,015,435 at year end.

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