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Imperial Valley Economic Development Cor

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330873809 ✦ El centro, CA ✦ Designated as a 501(c)(6)

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Overview

What is Imperial Valley Economic Development Cor?

Imperial Valley Economic Development Cor, based in El Centro, California, is a nonprofit organization with a mission to market Imperial County as an attractive location for new businesses and industries. Their primary goal is to boost capital investment, local commerce, employment, and tax revenue in the region. They achieve this by establishing a business-to-business network and marketing Imperial County effectively. With a team of seven dedicated individuals, they strive to maintain a financially sound, independent, and private sector marketing organization, contributing positively to Imperial County's economic growth.


Official website here: www.ivedc.com

Is Imperial Valley Economic Development Cor legitimate?

Imperial Valley Economic Development Cor is a legitimate nonprofit organization registered as a 501(c)(6) entity. Imperial Valley Economic Development Cor submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $114,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,498

For more financial information, click here


Official website here: www.ivedc.com

What is the mission statement of Imperial Valley Economic Development Cor?

The Imperial Valley Economic Development Corporation's mission is centered around marketing a specific region to attract new businesses and industries. Their goal is to boost capital investment, stimulate local commerce, create employment opportunities, and increase tax revenue. To achieve this, they maintain a financially sound, independent, and privately-run marketing organization. Their strategy involves creating and implementing a plan to showcase the region to businesses outside the area that are looking for new or additional locations. Furthermore, they establish a business-to-business network with their investors.


Official website here: www.ivedc.com

Who is the CEO of Imperial Valley Economic Development Cor?

Taxpayer is the Principal Officer of Imperial Valley Economic Development Cor. The CEO's salary of Imperial Valley Economic Development Cor is $114,289 and their total compensation is $114,289.


Official website here: www.ivedc.com

What is the revenue of Imperial Valley Economic Development Cor?

Imperial Valley Economic Development Cor's revenue in 2022 was $540,384.


Official website here: www.ivedc.com

Who are the executives of Imperial Valley Economic Development Cor and what are their salaries?

The average compensation at Imperial Valley Economic Development Cor during 2022 was $30,541. There are 7 employees at Imperial Valley Economic Development Cor.


Here are 9 key members and their salaries (Imperial Valley Economic Development Cor's CEO's salary is $114,289 and their total compensation is $114,289):


Tim Kelley (Ceo)
  • Compensation: $114,289
  • Related: $0
  • Other: $0
Steve Benson (Executive Comm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Wells (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Jackson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Dahm (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Efrain Silva (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Debose (Executive Comm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Topuzes (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Mcgarrey (Executive Comm)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ivedc.com

Where can I find the form 990 for Imperial Valley Economic Development Cor?

Imperial Valley Economic Development Cor's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ivedc.com

Learn more at the official website: www.ivedc.com

Mission Statement of Imperial Valley Economic Development Cor

Imperial Valley Economic Development Corporation, abbreviated as IVEDC, is dedicated to marketing Imperial County as an attractive region for new businesses and industries. Their mission is multifaceted, aiming to boost capital investment, stimulate local commerce, increase employment opportunities, and enhance tax revenue. To achieve this, IVEDC maintains a financially sound, independent, and privately-owned marketing organization.

In practice, IVEDC creates and implements a strategic plan to showcase Imperial County to businesses and industries beyond the county's borders. These entities are actively seeking locations for new or expanded operations. Additionally, IVEDC fosters a business-to-business network among its investors, further strengthening the county's appeal to potential businesses. By executing these efforts effectively, IVEDC plays a vital role in driving growth and development within Imperial County's economy.

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Impact




October, 2024

The Imperial Valley Economic Development Corporation (IVEDC) significantly impacts the region by actively marketing Imperial County to attract new businesses and industries. This initiative leads to increased capital investment and boosts local commerce, ultimately enhancing employment opportunities and tax revenue. By executing a strategic marketing plan, IVEDC effectively establishes Imperial County as an appealing destination for companies seeking new or additional sites.

Moreover, IVEDC fosters a robust business-to-business network among its investors, further stimulating economic growth in the area. With a commitment to maintaining a financially sound and independent marketing organization, IVEDC plays a crucial role in driving the economic development and overall prosperity of Imperial County.




This information is meant to be a general summary of Imperial Valley Economic Development Cor. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$540,384 (2022)
Expenses
$519,342 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $125
  • Program Service Revenue: $442,184
  • Gross Receipts: $540,384

Assets and Liabilities:

  • Total Assets: $188,988
  • Total Liabilities: $169,413
  • Net Assets: $19,575

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADVERTISING

Revenue

$10,000

CONFERENCES & TRADESHOWS

Revenue

$206,508

Membership Dues & Assessments

Revenue

$192,026

RENEWABLE ENERGY SUMMIT

Revenue

$33,650

Organization Details

Principal Officer

Taxpayer

Main Address

PO BOX 3005, EL CENTRO, CA, 92244

NTEE Category

Code: S41 - Community improvement

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