East Bay Asian Local Development Corporation

East Bay Asian Local Development Corporation

310 Eighth St., Suite 200
Oakland, CA 94607-4253
(510) 287-5353, ext. 315
Website: www.ebaldc.org

Peter Sopka
Chief Financial Officer

Year organization became a 501(c)(3): 1975
Year of first fiscal sponsorship: 2007
Number of sponsored projects: 2

Fiscal sponsorship fee:
$500 for due diligence review and account setup; 10% for annual gross revenue under $1 million; 7% for annual gross revenue over $1 million; 1% to 2% of annual gross revenue for insurance costs.

Eligibility criteria:

  • Geographic: U.S.-based
  • Minimum budget: $50,000

Types of projects or services we sponsor:

  • Arts and culture
  • Children, youth and families
  • Economic development
  • Education
  • Environment/sustainable growth
  • Housing
  • Mental health
  • People or communities of color/minorities
  • Political advocacy/social justice
  • Social services
  • Youth development

Services we offer projects:

  • Auditing
  • Bill paying
  • Bookkeeping/accounting
  • Computer IT
  • Human resource management
  • Insurance
  • Legal services
  • Office space
  • Organizational development
  • Payroll
  • Receiving property and stock donations
  • Tax reporting

Based on Fiscal Sponsorship: 6 Ways to Do It Right: Our model(s) of fiscal sponsorship are:

  • Model A, Direct Project
  • Model B, Independent Contractor Project
  • Model C, Preapproved Grant Relationship
  • Model E, Supporting Organization
  • Model F, Technical Assistance

Organization description:
East Bay Asian Local Development Corp. develops affordable housing and community facilities with integrated services focused on tenants and neighborhood residents, with emphasis on Asian Pacific Islanders communities and the diverse low-income populations of the East Bay. EBALDC was created around the dream of consolidating under one the many social service agencies that work with the Oakland Asian community by buying and preserving a beautiful but deteriorated warehouse in Oakland’s Chinatown. That warehouse became the Asian Resource Center, a multiservice center to house social services and businesses. The Asian Resource Center is home to EBALDC, various nonprofit agencies, retail businesses, medical facilities, school district classes and the Asian Resource Art Gallery.