Civic Intelligence

Partnership for Economic Development Inc.

990 • Fiscal year 2021 • EIN 86-0833573

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 14, 2022

314 London Bridge RoadLake Havasu City, AZ 86403

(928) 505-7333

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.04x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

67th percentile

24%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

33rd percentile

2.2%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,501,781

Up $96,577 (+2.2%) from 2020

Net Assets

Up

$4,477,316

Up $147,329 (+3.4%) from 2020

Liabilities

Down

$24,465

Down $50,752 (-67%) from 2020

Revenue

Down

$619,650

Down $107,618 (-15%) from 2020

Expenses

Down

$472,321

Down $357,360 (-43%) from 2020

Net Income

Up

$147,329

Up $249,742 (+244%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $1,014,027Liabilities 2012: $77,939Net Assets 2012: $936,0882012Assets 2013: $957,974Liabilities 2013: $11,450Net Assets 2013: $946,5242013Assets 2014: $1,008,052Liabilities 2014: $11,451Net Assets 2014: $996,6012014Assets 2015: $1,107,523Liabilities 2015: $22,460Net Assets 2015: $1,085,0632015Assets 2016: $1,243,756Liabilities 2016: $9,640Net Assets 2016: $1,234,1162016Assets 2017: $3,393,028Liabilities 2017: $9,084Net Assets 2017: $3,383,9442017Assets 2018: $3,204,777Liabilities 2018: $14,416Net Assets 2018: $3,190,3612018Assets 2019: $4,441,106Liabilities 2019: $8,706Net Assets 2019: $4,432,4002019Assets 2020: $4,405,204Liabilities 2020: $75,217Net Assets 2020: $4,329,9872020Assets 2021: $4,501,781Liabilities 2021: $24,465Net Assets 2021: $4,477,3162021Assets 2022: $4,481,969Liabilities 2022: $26,522Net Assets 2022: $4,455,4472022Assets 2023: $4,580,644Liabilities 2023: $38,277Net Assets 2023: $4,542,3672023Assets 2024: $3,792,917Liabilities 2024: $19,428Net Assets 2024: $3,773,4892024Assets 2025: $4,143,886Liabilities 2025: $159,409Net Assets 2025: $3,984,4772025

Highlighted filing

2021

Assets$4,501,781
Liabilities$24,465
Net Assets$4,477,316

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $400,245Expenses 2012: $621,865Net Income 2012: -$221,6202012Revenue 2013: $393,814Expenses 2013: $383,378Net Income 2013: $10,4362013Revenue 2014: $424,972Expenses 2014: $374,895Net Income 2014: $50,0772014Revenue 2015: $472,299Expenses 2015: $383,837Net Income 2015: $88,4622015Revenue 2016: $588,526Expenses 2016: $439,473Net Income 2016: $149,0532016Revenue 2017: $2,625,468Expenses 2017: $475,640Net Income 2017: $2,149,8282017Revenue 2018: $634,738Expenses 2018: $828,321Net Income 2018: -$193,5832018Revenue 2019: $2,016,190Expenses 2019: $774,151Net Income 2019: $1,242,0392019Revenue 2020: $727,268Expenses 2020: $829,681Net Income 2020: -$102,4132020Revenue 2021: $619,650Expenses 2021: $472,321Net Income 2021: $147,3292021Revenue 2022: $527,104Expenses 2022: $548,973Net Income 2022: -$21,8692022Revenue 2023: $581,792Expenses 2023: $494,872Net Income 2023: $86,9202023Revenue 2024: $7,213,008Expenses 2024: $7,981,886Net Income 2024: -$768,8782024Revenue 2025: $678,146Expenses 2025: $467,158Net Income 2025: $210,9882025

Highlighted filing

2021

Revenue$619,650
Expenses$472,321
Net Income$147,329
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 14, 2022
Return Version
2020v4.0
Gross Receipts
$619,650
Mission and Program Overview

Mission

Educate the public and promote economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,353,284$3,355,702▲ $2,418
Land, Buildings, and Equipment, Net$785,525$611,804▼ $173,721
Cash and Non-Interest-Bearing Accounts$202,436$209,787▲ $7,351
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,405,204$4,501,781▲ $96,577
Other Assets Total$63,959$324,488▲ $260,529
Liabilities
Other Liabilities$52,700--
Accounts Payable and Accrued Expenses$14,517$20,465▲ $5,948
Deferred Revenue$8,000$4,000▼ $4,000
Total Liabilities$75,217$24,465▼ $50,752
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,536,721$2,976,016▲ $439,295
Net Assets With Donor Restrictions$1,793,266$1,501,300▼ $291,966
Total Net Assets Fund Balance$4,329,987$4,477,316▲ $147,329
Total Liabilities and Net Assets / Fund Balance$4,405,204$4,501,781▲ $96,577

Asset Categories

AssetBook ValueDepreciationBasis
Land$592,814-$592,814
Leasehold Improvements$8,183$112,098$120,281
Equipment$8,993$20,768$29,761
Other Land Buildings$1,814$11,728$13,542
Other Assets Org$322,388--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael PatersonChairman
James GrayPresident & CEO
Luke StillVice Chairman
Lisa Van EllaDirector
Lynne PetersonDirector
Mark DurhamDirector
Matt KrossDirector
Nancy CampbellDirector
Rebecca StoneDirector
Ralph TapscottSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$96,470
Program Service Revenue
$516,500
Investment Income
$6,680
Other Revenue
$0
All Other Contributions
$96,470
Change in Net Assets
$147,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$266,131
Other Expenses$206,190
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$106,875$31,925-$138,800
Other Salaries and Wages$98,044$29,287-$127,331
All Other Expenses$33,655$2,232-$35,887
Other Expenses$9,567$2,858-$12,425
Depreciation Depletion$7,006--$7,006
Office Expenses$1,679$5,206-$6,885
Insurance$2,050$612-$2,662
Advertising$2,200--$2,200
Conferences and Meetings$1,509--$1,509
Total Functional Expenses$400,201$72,120$0$472,321
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 will be reviewed by the board at a regularly scheduled meeting.

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

Annual disclosure statement is provided by each board member.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Reviewed and approved annually by the board of directors.

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

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Partnership for Economic Development
EIN
86-0833573
Phone
9285057333
Address
314 LONDON BRIDGE ROAD, LAKE HAVASU CITY, AZ 86403

Signing Officer

Name
James Gray
Title
President & CEO
Signed
2022-01-14
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Az
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Nsc Certified Public Accountants LLC
Address
94 ACOMA BLVD S STE 201, LAKE HAVASU CITY, AZ 86403
Preparer
Andrew S Campbell CPA
Phone
9284532290
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IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1COWORK PROJECT
IRS990/OtherExpensesGrp/Desc2FIRST FRIDAY EXPENSES
IRS990/OtherExpensesGrp/Desc3LEGAL & PROFESSIONAL FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02858
IRS990/OtherExpensesGrp/ProgramServicesAmt086247
IRS990/OtherExpensesGrp/ProgramServicesAmt125856
IRS990/OtherExpensesGrp/ProgramServicesAmt225513
IRS990/OtherExpensesGrp/ProgramServicesAmt39567
IRS990/OtherExpensesGrp/TotalAmt086247
IRS990/OtherExpensesGrp/TotalAmt125856
IRS990/OtherExpensesGrp/TotalAmt225513
IRS990/OtherExpensesGrp/TotalAmt312425
IRS990/OtherLiabilitiesGrp/BOYAmt052700
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029287
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt098044
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127331
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LAKE HAVASU CITY CONTRACT
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0500000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0500000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt081701
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt033310
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0521837
IRS990/PYProgramServiceRevenueAmt0612257
IRS990/PYRevenuesLessExpensesAmt0-102413
IRS990/PYSalariesCompEmpBnftPaidAmt0307844
IRS990/PYTotalExpensesAmt0829681
IRS990/PYTotalRevenueAmt0727268
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0147329
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03353284
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03355702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010590
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt015350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt020100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt077140
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06680
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt033310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt042292
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt025473
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02591
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0110346
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96290
IRS990ScheduleA/PublicSupportPY170Pct00.96420
IRS990ScheduleA/PublicSupportTotal170Amt02864130
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0500000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0601667
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0609507
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0565890
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0509926
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt02786990
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0516500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0612257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0624107
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0581240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0530026
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02864130
IRS990ScheduleA/TotalSupportAmt02974476
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt08993
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020768
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029761
IRS990ScheduleD/LandGrp/BookValueAmt0592814
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0592814
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08183
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0112098
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0120281
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1322388
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1WORK IN PROCESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01814
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011728
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013542
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0611804
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0324488
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WILL BE REVIEWED BY THE BOARD AT A REGULARLY SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE STATEMENT IS PROVIDED BY EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04405204
IRS990/TotalAssetsEOYAmt04501781
IRS990/TotalAssetsGrp/BOYAmt04405204
IRS990/TotalAssetsGrp/EOYAmt04501781
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt096470
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072120
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0400201
IRS990/TotalFunctionalExpensesGrp/TotalAmt0472321
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt075217

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.14$0.16$3.98$0.68$0.47$0.21
2024Detailed filing. Detailed filing data is available for this year.$3.79$0.02$3.77$7.21$7.98$0.77
2023Detailed filing. Detailed filing data is available for this year.$4.58$0.04$4.54$0.58$0.49$0.09
2022Detailed filing. Detailed filing data is available for this year.$4.48$0.03$4.46$0.53$0.55$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$0.02$4.48$0.62$0.47$0.15
2020Detailed filing. Detailed filing data is available for this year.$4.41$0.08$4.33$0.73$0.83$0.10
2019Detailed filing. Detailed filing data is available for this year.$4.44$0.01$4.43$2.02$0.77$1.24
2018Detailed filing. Detailed filing data is available for this year.$3.20$0.01$3.19$0.63$0.83$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.39$0.01$3.38$2.63$0.48$2.15
2016Summary only. Only limited summary data is available for this year.$1.24$0.01$1.23$0.59$0.44$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.02$1.09$0.47$0.38$0.09
2014Summary only. Only limited summary data is available for this year.$1.01$0.01$1.00$0.42$0.37$0.05
2013Summary only. Only limited summary data is available for this year.$0.96$0.01$0.95$0.39$0.38$0.01
2012Summary only. Only limited summary data is available for this year.$1.01$0.08$0.94$0.40$0.62$0.22