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Employer Identification Number 47-2926205

MCS ECONOMIC DEVELOPMENT CORPORATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MCS ECONOMIC DEVELOPMENT CORPORATION
Employer identification number (EIN):47-2926205
EIN Issuing AuthorityInternet
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationCalifornia, CA

Organization Overview

Mission StatementProvide workforce development to unemployed or under-employed adults and dislocated workers, welfare beneficiaries, veterans and people with disabilities who can be hired by the local start-up and established business in Los Angeles,
Number of Employees3
Number of Volunteers0
Year Formed2021

Organization Governance

Legal DomicileCA
Voting Members - Governing Body3
Voting Members - Independent0

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 293,800
Program Service Revenue from current yearUSD $ 812,394
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 812,394
Net assets / fund balances at end of fiscal yearUSD $ 230,962
Net assets / fund balances at beginning of fiscal yearUSD $ 61,917
Total liabilities at end of fiscal yearUSD $ 194,793
Total liabilities at beginning of fiscal yearUSD $ 28,445
Total assets at end of fiscal yearUSD $ 425,755
Total assets at beginning of fiscal yearUSD $ 90,362
Revenues less expenses for current yearUSD $ 169,045
Revenues less expenses for previous yearUSD $ 41,112
Total expenses for current yearUSD $ 643,349
Total expenses for previous yearUSD $ 302,688
Other expenses in current yearUSD $ 433,605
Other expenses in previous yearUSD $ 64,098
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 209,744
Employee salary and benefits paid in previous yearUSD $ 238,590
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 812,394
Total revenue in previous fiscal yearUSD $ 343,800
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 50,000
2022-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 293,800
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 27,376
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 343,800
Net assets / fund balances at end of fiscal yearUSD $ 61,917
Net assets / fund balances at beginning of fiscal yearUSD $ 20,806
Total liabilities at end of fiscal yearUSD $ 28,445
Total liabilities at beginning of fiscal yearUSD $ 5,717
Total assets at end of fiscal yearUSD $ 90,362
Total assets at beginning of fiscal yearUSD $ 26,523
Revenues less expenses for current yearUSD $ 41,111
Revenues less expenses for previous yearUSD $ 27,376
Total expenses for current yearUSD $ 302,689
Other expenses in current yearUSD $ 64,099
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 238,590
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 343,800
Total revenue in previous fiscal yearUSD $ 27,376
Contributions and grants from current yearUSD $ 50,000
2021-06-30
Gross receipts from all sourcesUSD $ 27,376
Net assets / fund balances at end of fiscal yearUSD $ 20,806
Net assets / fund balances at beginning of fiscal yearUSD $ 20,494
Contributions, Grants, Gifts etc from current yearUSD $ 10,000
Cost sales expenses from gross sales of non-inventory assetsUSD $ 0
Gross income from fundraising eventsUSD $ 0
Direct expenses fromspecial eventsUSD $ 0
Cost of goods soldUSD $ 0
Total revenueUSD $ 27,376
Fees and other payments to independent contractorsUSD $ 21,247
Total of all other expensesUSD $ 5,817
Total of all expensesUSD $ 27,064
Net assets or fund balances at end of yearUSD $ 312
Revenue from membership duesUSD $ 0
Net difference of special event income minus expensesUSD $ 0
Gross profit/loss Sales of inventoryUSD $ 0
2020-06-30
Gross receipts from all sourcesUSD $ 83,032
Net assets / fund balances at end of fiscal yearUSD $ 20,494
Net assets / fund balances at beginning of fiscal yearUSD $ 22,143
Contributions, Grants, Gifts etc from current yearUSD $ 0
Cost sales expenses from gross sales of non-inventory assetsUSD $ 33,008
Gross income from fundraising eventsUSD $ 0
Direct expenses fromspecial eventsUSD $ 0
Cost of goods soldUSD $ 0
Total revenueUSD $ 50,024
Employees salaries and other compensation and benefitsUSD $ 16,244
Fees and other payments to independent contractorsUSD $ 30,999
Total of all other expensesUSD $ 599
Total of all expensesUSD $ 51,673
Net assets or fund balances at end of yearUSD $ -1,649
Revenue from membership duesUSD $ 0
Net difference of special event income minus expensesUSD $ 0
Gross profit/loss Sales of inventoryUSD $ 0
Rent, utilities and maintenance costsUSD $ 3,756
2019-06-30
Gross receipts from all sourcesUSD $ 120,591
Net assets / fund balances at end of fiscal yearUSD $ 22,143
Net assets / fund balances at beginning of fiscal yearUSD $ 23,694
Contributions, Grants, Gifts etc from current yearUSD $ 0
Cost sales expenses from gross sales of non-inventory assetsUSD $ 29,995
Gross income from fundraising eventsUSD $ 0
Direct expenses fromspecial eventsUSD $ 0
Cost of goods soldUSD $ 0
Total revenueUSD $ 90,596
Employees salaries and other compensation and benefitsUSD $ 60,536
Fees and other payments to independent contractorsUSD $ 18,365
Total of all other expensesUSD $ 1,622
Total of all expensesUSD $ 92,147
Net assets or fund balances at end of yearUSD $ -1,551
Revenue from membership duesUSD $ 0
Net difference of special event income minus expensesUSD $ 0
Gross profit/loss Sales of inventoryUSD $ 0
Rent, utilities and maintenance costsUSD $ 11,624

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 472926205

USA Mailing Address
3333 Wilshire Blvd
LOS ANGELES
CA
90010
Date first seen: 2007-01-01
Date last seen: 2026-03-31

EIN Events

Event Date Event description
2018-06-30Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2017

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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