EDC’s revenue totaled $144.8 million in fiscal year 2015. A surplus of $374,928 brings our net assets to $19.9 million as of September 30, 2015. EDC continually invests its net assets to support our projects, programs, and research.
Fiscal years ended September 30, 2015 and 2014.
|$, in thousands|
|Revenue (including change in temporarily restricted assets)||$144,839||$162,066|
|Salaries and Benefits||71,453||76,324|
|Materials, Supplies, and Other Costs||43,781||55,852|
|Change in Net Assets||($375)||$300|
|Property and Equipment, Net||12,426||13,660|
|Liabilities and Net Assets|
|Total Liabilities and Net Assets||$50,136||$56,139|
Sources of Funding
U.S. Government: International (41%)
U.S. Government: Domestic (47%)
Private and Other Public* (12%)
* Includes development banks, foundations, corporations, state and local agencies, and other nonprofits
Program Services (90.6%)