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Arcata Economic Development Corporation
Also known as North Edge Business Financing and Community Development
Arcata Economic Development Corporation reported $12.7 million in revenue and $11.9 million in expenses for the fiscal year ending June 30, 2026. Of every $100 it spent, $99.10 went to program services, $0.90 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 90.7% of the total. Government grants made up 89.7%. The highest compensation it reported for one person was $138,062 (EXECUTIVE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue rose 989% between FY2020 and FY2026. Source: Form 990, FY2026.
Where $100 of spending went
The fiscal year ending June 30, 2026 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 480 covered community improvement & capacity building charities: $90.44 programs, $9.34 management, $0.22 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2026 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2026 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.1% | 89.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.9% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 90.7% | 81.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 89.7% | 15.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 8.6% | 10.4% |
| Highest reported compensation Part VII-A, columns D–F | $138,062 | $292,325 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.16% | 1.48% |
| People paid over $100,000 Part VII, line 2 | 1 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.9 | 8.9 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2026 · Form 990, Part III · the three largest programs by expenseAedc provides loans for small businesses located throughout northern california. Aedc made 11 new loans during the fiscal year. At year end, aedc had 82 small business loans in its portfolio. Additionally, aedc administered small business loans for local governmental agencies and provided technical assistance and training to small businesses throughout northern california
Aedc manages several programs to promote Economic Development in northern california. Aedc organizes an Economic Development summit to support entrepreneurs and small businesses. Emerging leaders are brought together for establishing collaborative strategies. Aedc provides opportunities for local native tribes to collaborate in applying for grants
Highest reported compensation
FY2026 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $125,130 | $0 | $12,932 | $138,062 |
1 people received more than $100,000 in reportable compensation from Arcata Economic Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $138K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2026 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 510
Private foundation grants it received
1 private foundation reported grants to Arcata Economic Development Corporation totaling $1,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Arcata Economic Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Arcata Economic Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Arcata Economic Development Corporation spent in FY2026, $99.10 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Ndn CollectiveRapid City, SD · revenue $13M · programs 80.0% · 2024
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- Aspiration AspirationtechorgSan Francisco, CA · revenue $13M · programs 86.6% · 2025
- Allegany County Human Resources Development CommissionCumberland, MD · revenue $13M · programs 92.2% · FY2025
- East Central Kansas Economic Opportunity CorporationOttawa, KS · revenue $13M · programs 94.6% · FY2025
All community improvement & capacity building charities · Largest charities in California
Questions people ask
How much of Arcata Economic Development Corporation's spending goes to programs?
In the fiscal year ending June 30, 2026, Arcata Economic Development Corporation reported that 99.1% of its $11.9 million in expenses went to program services, 0.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Arcata Economic Development Corporation pay its top executive?
The largest total compensation Arcata Economic Development Corporation reported for one person in the fiscal year ending June 30, 2026 was $138,062, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Arcata Economic Development Corporation get its money?
Of $12.7 million in revenue in the fiscal year ending June 30, 2026, 90.7% came from contributions and grants (including 89.7% from government grants) and 8.6% from program service revenue (Form 990, Part VIII).
Is Arcata Economic Development Corporation a registered charity?
The IRS lists EIN 94-2674882 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2026: Form 990 for the fiscal year ending June 30, 2026, object 202612669349301601 · read the filing · XML
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202542669349301589 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202422709349300042 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202302759349301440 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202203049349301255 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202112779349301316 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202023149349303962 · read the filing
All filings for EIN 94-2674882: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.