Civic Intelligence

Valley Partnership

990 • Fiscal year 2016 • EIN 86-0598979

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 05, 2017

11801 N Tatum Blvd 224Phoenix, AZ 85028

(602) 266-7844

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.08x

Higher debt load relative to assets than 50% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.05x

Higher debt load relative to revenue than 46% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

24th percentile

-3.4%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$180,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 39.7% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

5th percentile

-28%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

3.0%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$299,211

Down $114,056 (-28%) from 2015

Net Assets

Down

$275,325

Down $15,229 (-5.2%) from 2015

Liabilities

Down

$23,886

Down $98,827 (-81%) from 2015

Revenue

Up

$452,833

Up $13,224 (+3.0%) from 2015

Expenses

Up

$468,062

Up $41,951 (+9.8%) from 2015

Net Income

Down

-$15,229

Down $28,727 (-213%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $196,910Liabilities 2011: $63,678Net Assets 2011: $133,2322011Assets 2012: $184,908Liabilities 2012: $45,637Net Assets 2012: $139,2712012Assets 2013: $293,906Liabilities 2013: $90,059Net Assets 2013: $203,8472013Assets 2014: $368,713Liabilities 2014: $91,657Net Assets 2014: $277,0562014Assets 2015: $413,267Liabilities 2015: $122,713Net Assets 2015: $290,5542015Assets 2016: $299,211Liabilities 2016: $23,886Net Assets 2016: $275,3252016Assets 2017: $295,097Liabilities 2017: $22,972Net Assets 2017: $272,1252017Assets 2018: $348,571Liabilities 2018: $45,958Net Assets 2018: $302,6132018Assets 2019: $674,596Liabilities 2019: $268,719Net Assets 2019: $405,8772019Assets 2020: $600,933Liabilities 2020: $118,872Net Assets 2020: $482,0612020Assets 2021: $886,354Liabilities 2021: $198,997Net Assets 2021: $687,3572021Assets 2022: $989,737Liabilities 2022: $289,649Net Assets 2022: $700,0882022Assets 2023: $838,758Liabilities 2023: $77,289Net Assets 2023: $761,4692023Assets 2024: $1,035,091Liabilities 2024: $214,114Net Assets 2024: $820,9772024

Highlighted filing

2016

Assets$299,211
Liabilities$23,886
Net Assets$275,325

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $275,377Expenses 2011: $255,663Net Income 2011: $19,7142011Revenue 2012: $320,864Expenses 2012: $320,462Net Income 2012: $4022012Revenue 2013: $401,129Expenses 2013: $336,553Net Income 2013: $64,5762013Revenue 2014: $449,504Expenses 2014: $376,295Net Income 2014: $73,2092014Revenue 2015: $439,609Expenses 2015: $426,111Net Income 2015: $13,4982015Revenue 2016: $452,833Expenses 2016: $468,062Net Income 2016: -$15,2292016Revenue 2017: $501,776Expenses 2017: $504,976Net Income 2017: -$3,2002017Revenue 2018: $550,248Expenses 2018: $519,760Net Income 2018: $30,4882018Revenue 2019: $676,860Expenses 2019: $573,596Net Income 2019: $103,2642019Revenue 2020: $589,173Expenses 2020: $512,989Net Income 2020: $76,1842020Revenue 2021: $881,971Expenses 2021: $676,675Net Income 2021: $205,2962021Revenue 2022: $824,194Expenses 2022: $811,463Net Income 2022: $12,7312022Revenue 2023: $797,853Expenses 2023: $736,472Net Income 2023: $61,3812023Revenue 2024: $1,092,831Expenses 2024: $1,033,323Net Income 2024: $59,5082024

Highlighted filing

2016

Revenue$452,833
Expenses$468,062
Net Income-$15,229
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 5, 2017
Return Version
2016v3.0
Gross Receipts
$512,476
Mission and Program Overview

Mission

Valley Partnership Advocates Responsible Development. Representing the commercial, industrial & master planned real estate development industry, We present a balanced, pro-development perspective & the Valleys best industry education & networking opportunities.

Valley Partnership Advocates Responsible Development. Representing the commercial, industrial and master planned real estate development industry, Valley Partnership presents a balanced, pro-development perspective and the Valleys best industry education and networking opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$330,316$229,713▼ $100,603
Land, Buildings, and Equipment, Net$45,615$44,738▼ $877
Accounts Receivable$31,520$22,695▼ $8,825
Prepaid Expenses and Deferred Charges$5,816$2,065▼ $3,751
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$413,267$299,211▼ $114,056
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$16,033$18,686▲ $2,653
Deferred Revenue$106,680$5,200▼ $101,480
Total Liabilities$122,713$23,886▼ $98,827
Net Assets / Fund Balance
Unrestricted Net Assets$290,554$275,325▼ $15,229
Total Net Assets Fund Balance$290,554$275,325▼ $15,229
Total Liabilities and Net Assets / Fund Balance$413,267$299,211▼ $114,056

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,135$25,996$66,131
Other Land Buildings$4,603$1,535$6,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl LombardPresident/CEOFT$180,000$180,000

Board Members and Trustees

NameTitle
Molly CarsonChairman
Brett HopperVice Chair
Andrew GasparroDirector
Ben ShunkDirector
Bryce LloydDirector
Chapin BellDirector
Derek SorensonDirector
Heidi KimballDirector
Jill HegardtDirector
Jim KennyDirector
John DivallDirector
Mike MartinDirector
Molly GreeneDirector
Paul RhodesDirector
Roger BaeleDirector
Ryan CochranDirector
Tim BrislinDirector
Carolyn OberholtzerSecretary
Todd ChesterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$287,128
Program Service Revenue
$148,828
Investment Income
$1,256
Other Revenue
$15,621
All Other Contributions
$155,848
Change in Net Assets
$-15,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$282,704
Other Expenses$185,358
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$180,000
Other Salaries and Wages---$84,245
Fees for Services Lobbying---$41,667
Payroll Taxes---$16,627
Occupancy---$16,595
Conferences and Meetings---$12,046
Fees for Services Accounting---$10,930
Information Technology---$8,363
Fees for Services Other---$4,647
Office Expenses---$3,852
Advertising---$3,198
Insurance---$2,830
Other Employee Benefits---$1,832
Other Expenses---$1,019
Depreciation Depletion---$877
Travel---$312
Total Functional Expenses$0$0$0$468,062
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$75,264
Fundraising Direct Expenses$59,643
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$94,260$67,705$21,341$46,364
Other$7,559$7,559-$7,559
Total Events$101,819$75,264$59,643$15,621
Political and Lobbying Activity
Political campaign activity
Yes
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$46,332
Current Year Nondeductible Lobbying and Political Cost$45,167
Political Expenditures$45,167
Section 527 Activity Spending$41,667
Total Exempt Function Spending$41,667

Section 527 Organizations

OrganizationLocationAmount
80-0493712Scottsdale, AZ$24,000
46-1239121Phoenix, AZ$13,500
46-1288391Phoenix, AZ$4,167
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization has 2 classes of membership. General membership is held by entities, other than state, local or county governmental agencies, who have an interest in the real estate development objectives of the organization. Each general member must identify one individual as its representative primary member association. Membership is held by one state, local and county government or quasi-governmental entity having jurisdiction over the real estate development industry in the valley of the sun trade organizations relating to the real estate development industry in the valley.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Amendments to the organizations bylaws can be made by approval from the board of directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed and approved by the financial consultant and the ceo prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from the discussion if there could be a perceived conflict of interest. The board or committee chair, if appropriate, will appoint a qualified person or committee to investigate alternatives to the proposed transaction or arrangement. Annually the board and organizational officers review and discuss the conflict of interest policy and request that each board member disclose any known potential conflicts.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The executive committee reviews the compensation for all officers by comparing to the compensation of individuals in similar positions in comparable organizations, using compensation studies and other available data. The committee then approves any changes in compensation based on this information.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization will provide in a timely manner, copies of all governing documents including its conflict of interest policies and financial statements when requested in writing or in person.

Filing and Contact Details

Filer

Filer Name
Valley Partnership
EIN
86-0598979
Phone
6022667844
Address
11801 N TATUM BLVD 224, PHOENIX, AZ 85028

Signing Officer

Name
Cheryl Lombard
Title
President & CEO
Signed
2017-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Lombard
Formed
1987
Legal Domicile
Az
Voting Board Members
19
Independent Board Members
19
Employees
4
Volunteers
200

Preparer

Firm
Randy C Kiesel CPA PC
Address
25 South Arizona Place Ste 324, Chandler, AZ 85225
Preparer
Randy C Kiesel CPA
Phone
4809636594
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: organized our annual community project where members contributed time, money, equipment and expertise to develop the florence crittendon house.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT/CEO
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IRS990/InformationTechnologyGrp/TotalAmt08363
IRS990/InsuranceGrp/TotalAmt02830
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IRS990/IRPDocumentCnt03
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IRS990/LandBldgEquipCostOrOtherBssAmt072269
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0104725
IRS990/MembersOrStockholdersInd0true
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Valley Partnership Advocates Responsible Development. Representing the commercial, industrial and master planned real estate development industry, Valley Partnership presents a balanced, pro-development perspective and the Valleys best industry education and networking opportunities.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt015621
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/TotalAmt016595
IRS990/OfficeExpensesGrp/TotalAmt03852
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
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IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01832
IRS990/OtherExpensesGrp/Desc0FRIDAY MORNING BREAKFAST MEALS
IRS990/OtherExpensesGrp/Desc1MERCHANT FEES
IRS990/OtherExpensesGrp/Desc2Printing and Publications
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IRS990/OtherExpensesGrp/TotalAmt110440
IRS990/OtherExpensesGrp/TotalAmt21019
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IRS990/PrincipalOfficerNm0CHERYL LOMBARD
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IRS990/ProgramServiceRevenueGrp/Desc0FRIDAY BREAKFAST PROGRAM
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0148828
IRS990/ProgSrvcAccomActy2Grp/Desc0LEGISLATIVE COMMITTEE DISCUSSES AND ADVISES ON LEGISLATION THAT AFFECTS THE REAL ESTATE INDUSTRY; AND EDUCATES AND INFORMS OUR MEMBERS OF OUR ACTIVITIES.Passed state legislation to eliminate mandatory energy reporting, clarify regulation of storage bins, and County process for impact fees. Protected GPLET as an available tool and enhance ability to establish CFDs in Arizona. Supported municipal parking standards that allow for programmed outdoor recreation at new restaurants and clarify the application of complete streets policy to new development. Supported funding of the Highway User Revenue Fund Exchange Program (HURF) in state budgets. Supported Prop 123 and encouraged our membership to support in social media and other membership tools
IRS990/ProgSrvcAccomActy3Grp/Desc0REPRESENTED THE COMMERCIAL REAL ESTATE INDUSTRY BY HOLDING MONTHLY MEETINGS OF THE CITY/COUNTY COMMITTEE TO FACILITATE AN EXCHANGE OF INFORMATION BETWEEN CITY EMPLOYEES & MEMBERS.
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IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0800493712

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.04$0.21$0.82$1.09$1.03$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.08$0.76$0.80$0.74$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.29$0.70$0.82$0.81$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.20$0.69$0.88$0.68$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.12$0.48$0.59$0.51$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.27$0.41$0.68$0.57$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.30$0.55$0.52$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.02$0.27$0.50$0.50$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.02$0.28$0.45$0.47$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.12$0.29$0.44$0.43$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.09$0.28$0.45$0.38$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.09$0.20$0.40$0.34$0.06
2012Summary only. Only limited summary data is available for this year.$0.18$0.05$0.14$0.32$0.32$0.00
2011Summary only. Only limited summary data is available for this year.$0.20$0.06$0.13$0.28$0.26$0.02