Civic Intelligence

Valley Partnership

990 • Fiscal year 2023 • EIN 86-0598979

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 28, 2024

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

57th percentile

0.09x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.10x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

61st percentile

7.7%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$140,833

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

12th percentile

-15%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-3.2%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$838,758

Down $150,979 (-15%) from 2022

Net Assets

Up

$761,469

Up $61,381 (+8.8%) from 2022

Liabilities

Down

$77,289

Down $212,360 (-73%) from 2022

Revenue

Down

$797,853

Down $26,341 (-3.2%) from 2022

Expenses

Down

$736,472

Down $74,991 (-9.2%) from 2022

Net Income

Up

$61,381

Up $48,650 (+382%) from 2022

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

2023

Assets$838,758
Liabilities$77,289
Net Assets$761,469

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

2023

Revenue$797,853
Expenses$736,472
Net Income$61,381
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 28, 2024
Return Version
2023v5.1
Gross Receipts
$989,277
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$806,056$816,630▲ $10,574
Prepaid Expenses and Deferred Charges$6,174$12,973▲ $6,799
Cash and Non-Interest-Bearing Accounts$175,461$7,109▼ $168,352
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$989,737$838,758▼ $150,979
Other Assets Total$2,046$2,046→ $0
Liabilities
Deferred Revenue$274,836$65,625▼ $209,211
Accounts Payable and Accrued Expenses$14,813$11,664▼ $3,149
Total Liabilities$289,649$77,289▼ $212,360
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$700,088$761,469▲ $61,381
Total Net Assets Fund Balance$700,088$761,469▲ $61,381
Total Liabilities and Net Assets / Fund Balance$989,737$838,758▼ $150,979

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$6,138$6,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl LombardPresident/CEOFT$140,833$140,833
Clark PrincellPresident/CEOFT$105,625$105,625

Board Members and Trustees

NameTitle
Laura OrtizChairman
Tim BrislinPast Chair
Rob BassettVice Chair
Benjamin ButlerDirector
Benjamin GraffDirector
Bob BambauerDirector
Carl PerroneDirector
Cathy TeeterDirector
Chuck CarefootDirector
Dan KellyDirector
Greg AbramsDirector
Greg VogelDirector
Heath MeltonDirector
Humphrey ShinDirector
Jeff MoloznikDirector
Jim KennyDirector
Joel WageDirector
Justin SteltenpohlDirector
Larry PobudaDirector
Rob TaylorDirector
Taylor AlveyDirector
Todd WeissDirector
Nic FischerSecretary
Nicole MaasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$543,951
Program Service Revenue
$88,555
Investment Income
$38,415
Other Revenue
$126,932
All Other Contributions
$416,051
Change in Net Assets
$61,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$384,735
Other Expenses$346,737
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$246,458
Other Salaries and Wages---$94,000
Fees for Services Lobbying---$76,750
Advertising---$29,000
Payroll Taxes---$26,190
Occupancy---$21,717
Information Technology---$14,781
Other Expenses---$13,351
Conferences and Meetings---$12,400
Fees for Services Accounting---$12,030
Pension Plan Contributions---$10,418
Office Expenses---$9,624
Other Employee Benefits---$7,669
Grants to Domestic Orgs---$5,000
Fees for Services Other---$3,885
Insurance---$2,912
Total Functional Expenses$0$0$0$736,472
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$318,356
Fundraising Direct Expenses$191,424
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$237,118$194,618$26,458$168,160
Various$123,738$123,738$71,380$52,358
Total Events$360,856$318,356$191,424$126,932
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$125,356
Current Year Nondeductible Lobbying and Political Cost$121,396

Section 527 Organizations

OrganizationLocationAmount
68-0534895Phoenix, AZ$60,000
80-0493712Scottsdale, AZ$36,750
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 35% controlled entity
No
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, Section A, Line 6

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, Section A, Line 7B

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

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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, Section B, Line 15B

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 board then approves any changes in compensation based on this information.

Form 990, Part VI, Section C, Line 19

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
Clark Princell
Title
President & CEO
Signed
2024-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Ortiz
Formed
1987
Legal Domicile
Az
Voting Board Members
24
Independent Board Members
24
Employees
3
Volunteers
200

Preparer

Firm
Randy C Kiesel CPA PC
Address
180 S Arizona Ave Ste 202, Chandler, AZ 85225
Preparer
Randy C Kiesel CPA
Phone
4809636594
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

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

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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
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IRS990/MissionDesc0Valley 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0LEGISLATIVE COMMITTEE DISCUSSES AND ADVISES ON LEGISLATION THAT AFFECTS THE REALESTATE INDUSTRY AND EDUCATES AND INFORMS OUR MEMBERS OF OUR ACTIVITIES.PASSED STATE LEGISLATION REGARDING DROUGHT CONTINGENCY PLAN (DCP) FOR THE STATE.PROTECTED GPLET AS AN AVAILABLE TOOL AND ENHANCE ABILITY TO ESTABLISH CFDS INARIZONA. CONSISTENT APPLICATION OF IMPACT FEES, SUPPORTED FUNDING OF THE HIGHWAYUSER REVENUE FUND EXCHANGE PROGRAM (HURF) IN STATE BUDGETS, ANDENCOURAGED OUR MEMBERSHIP TO SUPPORT IN SOCIAL MEDIA AND OTHER MEMBERSHIP TOOLS.
IRS990/ProgSrvcAccomActy3Grp/Desc0REPRESENTED THE COMMERCIAL REAL ESTATE INDUSTRY BY HOLDING REGULAR MEETINGS OF THE CITY/COUNTY COMMITTEE TO FACILITATE AN EXCHANGE OF INFORMATION BETWEEN CITY EMPLOYEES & MEMBERS.
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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
2023Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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