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Economic Resources Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.55M (2023)

Expenses
$2.72M (2023)

Total Assets
$24.2M (2023)

Total Liabilities
$1.41M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,551,713
Expenses
$2,715,672
Net Income
$1,836,041
Net Assets
$22,779,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,977
0.9%
Program Services $4,258,242
93.6%
Investment Income $230,774
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $16,745
0.4%
Net Inventory Sales $0
Other Revenue $3,975
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $558,934
20.6%
Professional Fundraising Fees $0
Other Salaries and Wages $433,767
16.0%
Assets/Debt
Total Assets $24,184,491
Total Liabilities $1,405,129
Net Assets $22,779,362
Compensation
Key Employees and Officers Compensation Related Other
Samuel Hughes (President/Ceo) $247,195 $0 $31,633
Albert Carrol (Investment Manager) $187,358 $0 $11,627
Nancy H Ikegami (Vp Of Finance) $184,574 $0 $18,285
Charles Mclurkin (Director) $0 $0 $0
Andrea Cohen Jackson (Director) $0 $0 $0
Jide Alade (Director) $0 $0 $0
Jeffrey Tamkin (Director (Thru 10/2022)) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville L Rhone Jr (Director (Thru 10/2022)) $0 $0 $0
Michael Nagin (Director) $0 $0 $0
Tracey Mitchel Lai (Director) $0 $0 $0
Hoonie Kang (Director) $0 $0 $0
Tori Fisk (Director) $0 $0 $0
Christina Villegas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,644,583
Expenses
$2,422,504
Net Income
$5,222,079
Net Assets
$20,739,409
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,415,567
44.7%
Program Services $4,168,667
54.5%
Investment Income $60,349
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $128,780
5.3%
Assets/Debt
Total Assets $22,040,266
Total Liabilities $1,300,857
Net Assets $20,739,409
Compensation
Key Employees and Officers Compensation Related Other
Samuel Hughes (President/Ceo) $306,410 $0 $2,412
Albert Carrol (Investment Manager) $180,240 $0 $0
Nancy H Ikegami (Vp Of Finance) $177,548 $0 $6,294
Sierra Smith (Director) $0 $0 $0
Andrea Cohen Jackson (Director) $0 $0 $0
Jide Alade (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville L Rhone Jr (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0
Tracey Mitchel Lai (Director) $0 $0 $0
Hoonie Kang (Director) $0 $0 $0
Tori Fisk (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,407,816
Expenses
$2,577,943
Net Income
$1,829,873
Net Assets
$16,458,654
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,326,048
98.1%
Investment Income $81,768
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $803,548
31.2%
Professional Fundraising Fees $0
Other Salaries and Wages $113,431
4.4%
Assets/Debt
Total Assets $19,982,153
Total Liabilities $3,523,499
Net Assets $16,458,654
Compensation
Key Employees and Officers Compensation Related Other
Dutch C Ross Iii (President/Ceo) $342,139 $0 $3,535
Samuel Hughes (President/Ceo) $215,233 $0 $0
Nancy H Ikegami (Controller) $175,773 $0 $6,264
Albert Carrol (Investment Manager) $175,726 $0 $1,566
Sierra Smith (Director) $0 $0 $0
Andrea Cohen Jackson (Director) $0 $0 $0
Jide Alade (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville L Rhone Jr (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0
Tracey Mitchel Lai (Director) $0 $0 $0
Hoonie Kang (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,124,565
Expenses
$2,562,084
Net Income
$1,562,481
Net Assets
$14,272,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,708,341
89.9%
Investment Income $416,224
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $748,908
29.2%
Professional Fundraising Fees $0
Other Salaries and Wages $233,677
9.1%
Assets/Debt
Total Assets $16,116,860
Total Liabilities $1,844,747
Net Assets $14,272,113
Compensation
Key Employees and Officers Compensation Related Other
Dutch C Ross Iii (President/Ceo) $245,120 $0 $9,854
Albert Carrol (Investment Manager) $154,789 $0 $15,521
Nancy H Ikegami (Controller) $152,212 $0 $15,521
Sierra Smith (Director) $0 $0 $0
Stanley A Moore (Director) $0 $0 $0
Allan L Alexander (Director) $0 $0 $0
J Stanley Sanders (Secretary) $0 $0 $0
Terrance J Roberts P (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville Rhone (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0
Tracey Mitchel Lai (Director) $0 $0 $0
Hoonie Kang (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,557,877
Expenses
$2,393,940
Net Income
$1,163,937
Net Assets
$12,364,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,466,284
97.4%
Investment Income $91,593
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $610,980
25.5%
Professional Fundraising Fees $0
Other Salaries and Wages $301,394
12.6%
Assets/Debt
Total Assets $14,243,963
Total Liabilities $1,879,331
Net Assets $12,364,632
Compensation
Key Employees and Officers Compensation Related Other
Dutch C Ross Iii (President/Ceo) $295,670 $0 $9,449
Albert Carrol (Investment Manager) $150,200 $0 $5,249
Nancy H Ikegami (Controller) $145,163 $0 $5,249
Sierra Smith (Director) $0 $0 $0
Stanley A Moore (Director) $0 $0 $0
Allan L Alexander (Director) $0 $0 $0
J Stanley Sanders (Secretary) $0 $0 $0
Terrance J Roberts Phd (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville Rhone (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0
Tracey Mitchel Lai (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,315,743
Expenses
$2,123,705
Net Income
$1,192,038
Net Assets
$11,590,695
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,255,993
98.2%
Investment Income $59,750
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $556,401
26.2%
Professional Fundraising Fees $0
Other Salaries and Wages $278,587
13.1%
Assets/Debt
Total Assets $13,351,154
Total Liabilities $1,760,459
Net Assets $11,590,695
Compensation
Key Employees and Officers Compensation Related Other
Dutch C Ross Iii (President/Ceo) $244,554 $0 $9,440
Albert Carrol (Investment Manager) $149,750 $0 $5,240
Nancy H Ikegami (Controller) $142,177 $0 $5,240
Sierra Smith (Director) $0 $0 $0
Stanley A Moore (Director) $0 $0 $0
Allan L Alexander (Director) $0 $0 $0
J Stanley Sanders (Secretary) $0 $0 $0
Terrance J Roberts Phd (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville Rhone (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0
Tracey Mitchel Lai (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,067,578
Expenses
$2,420,826
Net Income
$646,752
Net Assets
$10,353,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,002,178
97.9%
Investment Income $65,400
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $762,468
31.5%
Professional Fundraising Fees $0
Other Salaries and Wages $225,255
9.3%
Assets/Debt
Total Assets $12,198,473
Total Liabilities $1,844,816
Net Assets $10,353,657
Compensation
Key Employees and Officers Compensation Related Other
Dutch C Ross Iii (President/Ceo) $295,161 $0 $176,107
Albert Carrol (Investment Manager) $149,750 $0 $5,240
Nancy H Ikegami (Controller) $142,210 $0 $5,240
Gerald Phillips (Asst. Secretary) $94,490 $0 $873
Sierra Smith (Director) $0 $0 $0
Stanley A Moore (Director) $0 $0 $0
Allan L Alexander (Director) $0 $0 $0
J Stanley Sanders (Secretary) $0 $0 $0
Terrance J Roberts Phd (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville Rhone (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0
Tracey Mitchel Lai (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,038,228
Expenses
$2,576,945
Net Income
$461,283
Net Assets
$9,556,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,038,228
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $653,025
25.3%
Professional Fundraising Fees $0
Other Salaries and Wages $549,121
21.3%
Assets/Debt
Total Assets $12,109,278
Total Liabilities $2,552,373
Net Assets $9,556,905
Compensation
Key Employees and Officers Compensation Related Other
Dutch C Ross Iii (President/Ceo) $286,617 $0 $175,007
Albert Carrol (Investment Manager) $149,750 $0 $5,240
Gerald Phillips (Asst. Secretary) $149,390 $0 $5,195
Nancy H Ikegami (Controller) $135,308 $0 $4,374
Sierra Smith (Director) $0 $0 $0
Stanley A Moore (Director) $0 $0 $0
Allan L Alexander (Director) $0 $0 $0
J Stanley Sanders (Secretary) $0 $0 $0
Terrance J Roberts Phd (Director) $0 $0 $0
Michael Marino (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville Rhone (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,906,022
Expenses
$2,496,112
Net Income
$409,910
Net Assets
$8,888,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,906,022
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $710,700
28.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,334,853
Total Liabilities $2,445,881
Net Assets $8,888,972
Compensation
Key Employees and Officers Compensation Related Other
Dutch C Ross Iii (President/Ceo) $214,437 $0 $8,240
Albert Carrol (Investment Manager) $131,000 $0 $2,620
Gerald Phillips (Asst. Secretary) $129,766 $0 $5,191
Nancy H Ikegami (Controller) $100,076 $0 $4,295
Sierra Smith (Director) $0 $0 $0
Stanley A Moore (Director) $0 $0 $0
Allan L Alexander (Director) $0 $0 $0
J Stanley Sanders (Secretary) $0 $0 $0
Terrance J Roberts Phd (Director) $0 $0 $0
Michael Marino (Director) $0 $0 $0
Jeffrey Tamkin (Director) $0 $0 $0
Kyle Davis (Director) $0 $0 $0
Neville Rhone (Director) $0 $0 $0
Michael Nagin (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,822,246
Expenses
$2,187,983
Net Income
$634,263
Net Assets
$8,404,062
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,822,246
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $434,566
19.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,174,031
Total Liabilities $1,769,969
Net Assets $8,404,062

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,664,144
Expenses
$2,171,062
Net Income
$493,082
Net Assets
$7,669,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,653,030
99.6%
Investment Income $11,114
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $448,063
20.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,666,105
Total Liabilities $1,996,306
Net Assets $7,669,799

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,547,530
Expenses
$1,953,079
Net Income
$594,451
Net Assets
$7,176,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,547,530
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $426,898
21.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,329,637
Total Liabilities $2,152,920
Net Assets $7,176,717

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,560,492
Expenses
$1,954,647
Net Income
$605,845
Net Assets
$6,582,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,560,492
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $429,838
22.0%
Professional Fundraising Fees $0
Other Salaries and Wages $238,778
12.2%
Assets/Debt
Total Assets $8,997,090
Total Liabilities $2,414,824
Net Assets $6,582,266

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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