Nonprofit · EIN 33-0642485
COACHELLA VALLEY ECONOMIC PARTNERSHIP
Tax-exempt · PALM SPRINGS, CA 92262
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $945,088 | $1,118,905 | -$173,817 | $179,469 | $427,303 | -$247,834 |
| June 30, 2023 | 990 | $1,165,211 | $1,293,010 | -$127,799 | $414,305 | $488,323 | -$74,018 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $434,401
- of which government grants
- $368,151
- Program service revenue
- $470,597
- Investment income
- $0
- Other revenue
- $40,090
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $524,956
- Salaries, compensation and benefits (total)
- $608,931
- Professional fundraising fees
- $0
- Occupancy
- $19,873
- Depreciation
- $41,915
- Program services (functional)
- $956,802
- Management and general (functional)
- $162,103
Balance sheet and other
- Total assets, start of year
- $414,305
- Total assets, end of year
- $179,469
- Total liabilities, end of year
- $427,303
- Net assets, end of year
- -$247,834
- Land, buildings and equipment
- $29,432
- Net assets without donor restrictions
- -$247,834
- Gross receipts
- $945,088
- Employees
- 6
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE WALLACE | CEO Key employee | 40 | $183,748 |
| TODD HOOKS | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| TRACY TREMBLAY | TREASURER/SECRETARY Trustee or director, Officer | 5 | $0 |
| DEBORAH MCGARREY | CHAIR Trustee or director, Officer | 5 | $0 |
| MOISES AGUIRRE | TREASURER/SECRETARY Trustee or director, Officer | 5 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE WALLACE | CEO Key employee | 40 | $177,520 |
| LAURA JAMES | VICE PRESIDENT Highest-paid employee | 40 | $101,533 |
| JAN HARNIK | CHAIR Trustee or director, Officer | 5 | $0 |
| TODD HOOKS | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| RICK AXELROD | TREASURER/SECRETARY Trustee or director, Officer | 5 | $0 |
| DEBORAH MCGARREY | CHAIR Trustee or director, Officer | 5 | $0 |
| MOISES AGUIRRE | TREASURER/SECRETARY Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 3111 E TAHQUITZ CANYON WAY, PALM SPRINGS, CA 92262-6956
- In care of
- % JOHN SOULLIERE
- Principal officer (990 for 2023)
- DEBORAH MCGARREY, 3111 E TAHQUITZ CANYON WAY, PALM SPRINGS, CA 92262
- Signed the 990
- DEBORAH MCGARREY, BOARD CHAIR
- Phone
- (760) 340-1575
- Website
- WWW.CVEP.COM
- Return prepared by
- OSBORNE RINCON CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0642485 or by the name COACHELLA VALLEY ECONOMIC PARTNERSHIP.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
CVEP SERVES INNOVATORS AND ENTREPRENEURS AT EVERY STAGE OF BUSINESS FROM INCUBATION TO LAUNCH TO DAILY OPERATION. THE ORGANIZATION MANAGES THE PALM SPRINGS IHUB, THE BUSINESS SERVICES CENTER AND ORGANIZES A ROBUST SCHEDULE OF PROFESSIONAL TRAINING EVENTS.
Program accomplishments
- FOSTER ECONOMIC DEVELOPMENT IN THE COACHELLA VALLEY THROUGH EDUCATIONAL PROGRAMS AND MARKETING THE AREA TO ATTRACT BUSINESSES. CVEP BRINGS TOGETHER THE REGION'S PARTNERS INCLUDING BUSINESSES OF EVERY SIZE, THE NINE CITIES, UNINCORPORATED AREAS, THE TRIBAL GOVERNMENTS, REGIONAL GOVERNMENTS, AND THE GREATER PALM SPRINGS CONVENTION & VISITORS BUREAU TO MAKE OUR REGION A BETTER PLACE TO PROSPER IN A YEAR ROUND ECONOMY.THE PALM SPRINGS INNOVATION HUB (IHUB), MANAGED BY THE COACHELLA VALLEY ECONOMIC PARTNERSHIP, IS A STATE-DESIGNATED BUSINESS INCUBATOR FUNDED BY THE CITY OF PALM SPRINGS AND WELLS FARGO. THE IHUB FOCUSES ON EARLY-STAGE BUSINESSES IN THE FIELDS OF RENEWABLE ENERGY, HEALTH AND MEDICINE, AND DIGITAL TECHNOLOGY. THE PALM SPRINGS IHUB ALSO OFFERS THE PALM SPRINGS ACCELERATOR CAMPUS DESIGNED TO MITIGATE START-UP RISKS AND INCREASE THE PROBABILITY OF BUSINESSES PROSPERING AND GROWING INTO THE FUTURE.
- Expenses $956,802 · revenue $510,687
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0642485
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $179,469
- Income (IRS master file)
- $945,088
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $945,088 | $1,118,905 | $179,469 | IRS |
| 990 | June 2023 | $1,165,211 | $1,293,010 | $414,305 | XML |
| 990 | June 2022 | $1,129,303 | $1,292,968 | $638,398 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0642485).
Questions about COACHELLA VALLEY ECONOMIC PARTNERSHIP
- What is the EIN of COACHELLA VALLEY ECONOMIC PARTNERSHIP?
- The employer identification number (EIN) of COACHELLA VALLEY ECONOMIC PARTNERSHIP is 33-0642485.
- Is COACHELLA VALLEY ECONOMIC PARTNERSHIP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to COACHELLA VALLEY ECONOMIC PARTNERSHIP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COACHELLA VALLEY ECONOMIC PARTNERSHIP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COACHELLA VALLEY ECONOMIC PARTNERSHIP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COACHELLA VALLEY ECONOMIC PARTNERSHIP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of COACHELLA VALLEY ECONOMIC PARTNERSHIP?
- The 990 for the year ended June 30, 2024 names DEBORAH MCGARREY.
- Who are the officers and directors of COACHELLA VALLEY ECONOMIC PARTNERSHIP?
- The 990 for the year ended June 30, 2024 lists 5 people; 1 received compensation from the organization, the highest $183,748 (JOE WALLACE, CEO).
- How much revenue does COACHELLA VALLEY ECONOMIC PARTNERSHIP have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $945,088, expenses of $1,118,905 and total assets of $179,469 at year end.
Other nonprofits in PALM SPRINGS
- DESERT REGIONAL MEDICAL CENTER MEDICAL STAFF EIN 33-0817232 · last filed 990 for 2025
- LIVE 180 EIN 81-3456742 · last filed 990-EZ for 2025
- VISTA LAS PALMAS FOUNDATION EIN 92-2496442 · last filed 990-EZ for 2024
- INDIAN CANYONS NEIGHBORHOOD ORGANIZATION EIN 26-4432551 · last filed 990-EZ for 2025
- VACATION RENTAL OWNERS AND NEIGHBORS OF PALM SPRINGS EIN 82-1166367 · last filed 990-EZ for 2024
- ADDICTION TREATMENT ADVOCACY COALITION EIN 81-2539056 · last filed 990-EZ for 2024
- BARISTO NEIGHBORHOOD ORGANIZATION EIN 92-2898253 · last filed 990-EZ for 2025
- PALM SPRINGS POLICE MANAGEMENT FOUNDATION EIN 41-3236916 · last filed 990-N for 2025
All nonprofits in PALM SPRINGS · California · Community improvement and capacity building