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Organizations Bay Area Employment Development Company

Bay Area Employment Development Company

Fiscal year ending 2024. Filed on July 23, 2025.

1855 Gateway Blvd Suite 720
Concord, California 94520

Bay Area Employment Development Company (EIN: 95-3457545) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Bay Area Employment Development Company, a 501(c)(4) civic league or social welfare organization, reported compensation for 6 out of 17 total employees. Among the employees shown here, the average compensation is $213,834. The highest compensated employee at Bay Area Employment Development Company is Richard Grant with fiscal year 2024 compensation of $395,845.

Revenue, expenses, and employee compensation

Revenue

$4,535,410

Expenses

$3,998,105

Employee compensation

$2,659,336
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Grant
Chief Executive Officer
$395,845
$395,845 No related compNo other comp
Mark Schwan
Senior Vice President
$261,870
$261,870 No related compNo other comp
Kimberly Shinjo
Loan Analyst
$171,000
$171,000 No related compNo other comp
Susan Dunlap
Portfolio Manager
$158,500
$158,500 No related compNo other comp
Robert Thompson
Senior Vice President
$158,290
$158,290 No related compNo other comp
James Baird
Director
$137,500
$137,500 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Olivia Rebanal
Director
$4,000
$4,000 No related compNo other comp
Michael Johnson
President
$4,000
$4,000 No related compNo other comp
Bonnie Lipscomb
Treasurer
$4,000
$4,000 No related compNo other comp
Torran Nixon
Director
$4,000
$4,000 No related compNo other comp
Walter Menzel
Vice President
$4,000
$4,000 No related compNo other comp
Scott Hauge
Director
$4,000
$4,000 No related compNo other comp
Francine Boards
Director
No compensation reported

Contractors

Scott Rodde Inc
Legal
$385,200

Mission Statement

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.

Revisions to this organization profile

July 23, 2025:
Amended (originally filed June 4, 2025)2024 Bay Area Employment Development Company 990 filed
April 11, 2024:
2023 Bay Area Employment Development Company 990 filed
July 10, 2023:
2022 Bay Area Employment Development Company 990 filed

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