Nonprofit · EIN 33-0873809
IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION
Tax-exempt · EL CENTRO, CA 92244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $777,953 | $738,889 | $39,064 | $443,820 | $137,663 | $306,157 |
| September 30, 2024 | 990 | $924,763 | $952,916 | -$28,153 | $453,353 | $186,260 | $267,093 |
| September 30, 2023 | 990 | $787,964 | $722,563 | $65,401 | $247,563 | $162,587 | $84,976 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $336,633
- Program service revenue
- $434,068
- Investment income
- $7,252
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $194,819
- Other salaries and wages
- $132,079
- Salaries, compensation and benefits (total)
- $393,408
- Professional fundraising fees
- $0
- Legal fees
- $65
- Accounting fees
- $31,941
- Travel
- $60,852
- Program services (functional)
- $695,503
- Management and general (functional)
- $43,386
Balance sheet and other
- Total assets, start of year
- $453,353
- Total assets, end of year
- $443,820
- Total liabilities, end of year
- $137,663
- Net assets, end of year
- $306,157
- Net assets without donor restrictions
- $306,157
- Gross receipts
- $777,953
- Employees
- 5
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM KELLEY | CEO | 40 | $194,819 |
| STEVE BENSON | EXECUTIVE COMM Trustee or director, Officer | 1 | $0 |
| NICK WELLS | Treasurer Trustee or director, Officer | 1 | $0 |
| JASON JACKSON | Chairman Trustee or director | 0 | $0 |
| DOUGLAS DAHM | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| EFRAIN SILVA | VICE CHAIR Trustee or director | 0 | $0 |
| TOM DEBOSE | EXECUTIVE COMM Trustee or director | 0 | $0 |
| TOM TOPUZES | Secretary Trustee or director, Officer | 1 | $0 |
| DEBORAH MCGARREY | EXECUTIVE COMM Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM KELLEY | CEO | 40 | $175,560 |
| STEVE BENSON | EXECUTIVE COMM Trustee or director, Officer | 1 | $0 |
| NICK WELLS | Treasurer Trustee or director, Officer | 1 | $0 |
| JASON JACKSON | Chairman Trustee or director | 0 | $0 |
| DOUGLAS DAHM | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| EFRAIN SILVA | VICE CHAIR Trustee or director | 0 | $0 |
| TOM DEBOSE | EXECUTIVE COMM Trustee or director | 0 | $0 |
| TOM TOPUZES | Secretary Trustee or director, Officer | 1 | $0 |
| DEBORAH MCGARREY | EXECUTIVE COMM Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM KELLEY | CEO | 40 | $137,492 |
| STEVE BENSON | EXECUTIVE COMM Trustee or director, Officer | 1 | $0 |
| NICK WELLS | Treasurer Trustee or director, Officer | 1 | $0 |
| JASON JACKSON | Chairman Trustee or director | 0 | $0 |
| DOUGLAS DAHM | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| EFRAIN SILVA | VICE CHAIR Trustee or director | 0 | $0 |
| TOM DEBOSE | EXECUTIVE COMM Trustee or director | 0 | $0 |
| TOM TOPUZES | Secretary Trustee or director, Officer | 1 | $0 |
| DEBORAH MCGARREY | EXECUTIVE COMM Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3005, EL CENTRO, CA 92244-3005
- In care of
- % JESUS ESCOBAR
- Principal officer (990 for 2024)
- TAXPAYER
- Signed the 990
- TIM KELLEY, CEO
- Phone
- (760) 353-8332
- Website
- www.ivedc.com
- Return prepared by
- Hutchinson and Bloodgood LLP-EC
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0873809 or by the name IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION.
- 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
THE IMPERIAL VALLEY ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS MARKETING OF IMPERIAL COUNTY AS A REGION TO ATTRACT NEW BUSINESS AND INDUSTRY. INCREASING CAPITAL INVESTMENT, LOCAL COMMERCE, EMPLOYMENT AND TAX REVENUE. MAINTAINING A FINANCIALLY SOUND, INDEPENDENT, PRIVATE SECTOR MARKETING ORGANIZATION FOR IMPERIAL COUNTY
Program accomplishments
- CREATING AND IMPLEMENTING A PLAN TO MARKET THE IMPERIAL COUNTY TO BUSINESSES AND INDUSTRIES OUTSIDE OF IMPERIAL COUNTY THAT ARE SEEKING SITES FOR NEW OR ADDITIONAL LOCATIONS. IT IS ALSO ESTABLISHING A BUSINESS-TO-BUSINESS NETWORK OF IVEDC INVESTORS.Expenses $683,111 · revenue $434,068
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 33-0873809
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $443,820
- Income (IRS master file)
- $777,953
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $777,953 | $738,889 | $443,820 | XML |
| 990 | September 2024 | $924,763 | $952,916 | $453,353 | XML |
| 990 | September 2023 | $787,964 | $722,563 | $247,563 | XML |
| 990 | September 2022 | $540,384 | $519,342 | $188,988 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 33-0873809).
Questions about IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION
- What is the EIN of IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION?
- The employer identification number (EIN) of IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION is 33-0873809.
- Is IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION 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 IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names TAXPAYER.
- Who are the officers and directors of IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $194,819 (TIM KELLEY, CEO).
- How much revenue does IMPERIAL VALLEY ECONOMIC DEVELOPEMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $777,953, expenses of $738,889 and total assets of $443,820 at year end.
Other nonprofits in EL CENTRO
- IMPERIAL REGIONAL ALLIANCE INC EIN 45-5333507 · last filed 990 for 2025
- IMPERIAL VALLEY BOARD OF REALTORS EIN 95-2800152 · last filed 990 for 2025
- IMPERIAL COUNTY FILM COMMISSION INC EIN 33-0854931 · last filed 990-EZ for 2025
- UNITED DESERT COMMUNITIES OF IMPERIAL AND RIVERSIDE COUNTIES EIN 84-3699810 · last filed 990-N for 2024
- IMPERIAL VALLEY HUMAN RESOURCES ASSOCIATION EIN 32-0251673 · last filed 990-N for 2025
- CODYS CLOSET EIN 83-0910465 · last filed 990-N for 2025
- ICERS 1221 STATE STREET EL CENTRO INC EIN 26-2724024 · last filed 990 for 2025
- CORAZO CREDIT UNION EIN 95-1652773 · last filed 990 for 2025
All nonprofits in EL CENTRO · California · Community improvement and capacity building