Inland Empire Economic Partnership Foundation
- Assets
- $684.7k
- Revenue
- $107.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Riverside, CA
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 33-0741793
Organization Overview
Inland Empire Economic Partnership Foundation is located in Riverside, CA. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Inland Empire Economic Partnership Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inland Empire Economic Partnership Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Inland Empire Economic Partnership Foundation generated $107.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $280.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A BETTER QUALITY OF LIFE FOR INLAND EMPIRE RESIDENTS. THE FOUNDATION FOCUSES ON EDUCATION, PLANNING AND INFORMATION DESSEMINATION. THE FOUNDATION ALSO PROMOTES ECONOMIC DEVELOPMENT OF THE GREATER INLAND EMPIRE METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER VARIOUS PROGRAMS AND ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT OF THE GREATER INAND EMPIRE METROPOLIAN AREA
NEIGHBORHOOD BUILDERS - THE PROGRAM PRIMARILY FOCUSES ON LINKING THE SUCCESSFUL EDUCATIONAL AND WORKFOCE ENTREPRENURS IN THE LOCAL COMMUNITY TO THE REGION'S K-16 PUBLIC AND PRIVATE SCHOOLS AND WORKFORCE PROGRAMS.
REGIONAL LEADERSHIP - BY CULTIVATING LEADERSHIP IN THE PUBLIC AND PRIVATE SECTORS, THE PROGRAM SUPPORTS LEADERSHIP AND PROFESSIONAL ACHIEVEMENT FOR PROFESSIONALS IN THE LOCAL COMMUNITY. THE PROGRAM ALSO ACTS AS AN UMBRELLA ORGANIZATION FOR SMALLER INITIATIVES THAT PROMOTE ACADEMIC ACHIEVEMENT AND LEADERSHIP IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Granillo Secretary | OfficerTrustee | 1 | $0 |
Peter Villegas Past-Chairman | Trustee | 1 | $0 |
Lupe Valdez Chairwoman | Trustee | 0.5 | $0 |
Richard Egger Vice Chairman | Trustee | 0.5 | $0 |
Ron Vera Legal Counsel | Trustee | 0.5 | $0 |
Sandra Cuellar Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $77,975 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,744 |
| Total Program Service Revenue | $0 |
| Investment income | $146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,395 |
| Pension plan accruals and contributions | $811 |
| Other employee benefits | $4,480 |
| Payroll taxes | $8,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,225 |
| Fees for services: Accounting | $34,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,100 |
| Advertising and promotion | $0 |
| Office expenses | $1,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,047 |
| Travel | $10,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,244 |
| Interest | $169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,802 |
| Insurance | $0 |
| All other expenses | $1,171 |
| Total functional expenses | $280,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,043 |
| Savings and temporary cash investments | $465,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,391 |
| Net Land, buildings, and equipment | $8,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $684,740 |
| Accounts payable and accrued expenses | $2,868 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $118,563 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $121,431 |
| Net assets without donor restrictions | $452,407 |
| Net assets with donor restrictions | $110,902 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $684,740 |