Nonprofit · EIN 86-0833573
PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC
Tax-exempt · LK HAVASU CTY, AZ 86403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $678,146 | $467,158 | $210,988 | $4,143,886 | $159,409 | $3,984,477 |
| June 30, 2024 | 990 | $7,213,008 | $7,981,886 | -$768,878 | $3,792,917 | $19,428 | $3,773,489 |
| June 30, 2023 | 990 | $581,792 | $494,872 | $86,920 | $4,580,644 | $38,277 | $4,542,367 |
| June 30, 2022 | 990 | $527,104 | $548,973 | -$21,869 | $4,481,969 | $26,522 | $4,455,447 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $534,060
- Investment income
- $94,944
- Net rental income
- $49,142
- Net gain from sales of assets
- $63,933
- Other revenue
- $49,142
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $141,472
- Other salaries and wages
- $57,191
- Salaries, compensation and benefits (total)
- $250,424
- Professional fundraising fees
- $0
- Occupancy
- $20,264
- Depreciation
- $68,015
- Program services (functional)
- $363,814
- Management and general (functional)
- $103,344
Balance sheet and other
- Total assets, start of year
- $3,792,917
- Total assets, end of year
- $4,143,886
- Total liabilities, end of year
- $159,409
- Net assets, end of year
- $3,984,477
- Land, buildings and equipment
- $2,441,222
- Net assets without donor restrictions
- $3,715,389
- Net assets with donor restrictions
- $269,088
- Gross receipts
- $929,294
- Employees
- 2
- State of legal domicile
- AZ
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GRAY | President & CEO Trustee or director, Officer | 40 | $139,360 |
| ROSS HOBDAY | Director Trustee or director | 2 | $0 |
| LISA PENDER-WHITE | Vice Chairman Trustee or director | 4 | $0 |
| PHILIP FITZGERALD | Director Trustee or director | 2 | $0 |
| JAY MARKLE | Director Trustee or director | 2 | $0 |
| MARK DURHAM | Chairman Trustee or director, Officer | 4 | $0 |
| PENNY LYONS | Director Trustee or director | 2 | $0 |
| DUSTIN RUNYON | Director Trustee or director | 2 | $0 |
| JARRETT PORTZ | Director Trustee or director | 2 | $0 |
| LUKE STILL | Director Trustee or director | 2 | $0 |
| REBECCA STONE | Director Trustee or director | 2 | $0 |
| RALPH TAPSCOTT | Treasurer Trustee or director, Officer | 4 | $0 |
| MICHELE LIN | Director Trustee or director | 2 | $0 |
| JAMES GRAY | PRESIDENT & CEO | 40 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GRAY | President & CEO Trustee or director, Officer | 40 | $141,573 |
| ROSS HOBDAY | Director Trustee or director | 2 | $0 |
| LISA PENDER-WHITE | Vice Chairman Trustee or director | 2 | $0 |
| PHILIP FITZGERALD | Director Trustee or director | 2 | $0 |
| MARK MASTERSON | Director Trustee or director | 2 | $0 |
| MARK DURHAM | Chairman Trustee or director, Officer | 4 | $0 |
| PENNY LYONS | Director Trustee or director | 2 | $0 |
| DUSTIN RUNYON | Director Trustee or director | 2 | $0 |
| JARRETT PORTZ | Director Trustee or director | 2 | $0 |
| LUKE STILL | Director Trustee or director | 2 | $0 |
| REBECCA STONE | Director Trustee or director | 2 | $0 |
| RALPH TAPSCOTT | Treasurer Trustee or director, Officer | 4 | $0 |
| CAMERON MOSES | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GRAY | President & CEO Trustee or director, Officer | 40 | $133,579 |
| ROSS HOBDAY | Director Trustee or director | 2 | $0 |
| LISA PENDER-WHITE | Director Trustee or director | 2 | $0 |
| PHILIP FITZGERALD | Director Trustee or director | 2 | $0 |
| MARK MASTERSON | Director Trustee or director | 2 | $0 |
| MARK DURHAM | Chairman Trustee or director, Officer | 4 | $0 |
| PENNY LYONS | Director Trustee or director | 2 | $0 |
| DUSTIN RUNYON | Director Trustee or director | 2 | $0 |
| JARRETT PORTZ | Director Trustee or director | 2 | $0 |
| LUKE STILL | Director Trustee or director | 2 | $0 |
| REBECCA STONE | Director Trustee or director | 2 | $0 |
| RALPH TAPSCOTT | Secretary Trustee or director, Officer | 4 | $0 |
990 for the year ended June 30, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES GRAY | President & CEO Trustee or director, Officer | 40 | $125,137 |
| ROSS HOBDAY | Director Trustee or director | 2 | $0 |
| LISA PENDER-WHITE | Director Trustee or director | 2 | $0 |
| LISA VAN ELLA | Chairman Trustee or director, Officer | 4 | $0 |
| MARK DURHAM | Director Trustee or director | 2 | $0 |
| LUKE STILL | Director Trustee or director | 2 | $0 |
| REBECCA STONE | Director Trustee or director | 2 | $0 |
| RALPH TAPSCOTT | Secretary Trustee or director, Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 314 LONDON BRIDGE RD, LK HAVASU CTY, AZ 86403-4645
- In care of
- % NSC
- Principal officer (990 for 2024)
- JAMES GRAY, 314 LONDON BRIDGE ROAD, LAKE HAVASU CITY, AZ 86403
- Signed the 990
- JAMES GRAY, President & CEO
- Phone
- (928) 505-7333
- Website
- LAKEHAVASU.ORG
- Return prepared by
- NSC CERTIFIED PUBLIC ACCOUNTANTS LLC
Mission
EDUCATE THE PUBLIC AND PROMOTE ECONOMIC DEVELOPMENT
Program accomplishments
- INITIATING CITY EXPOSURE TO NEW BUSINESS TO IMPROVE ECONOMIC CONDITIONS OF THE CITY.Expenses $363,814
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0833573
- 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
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $4,143,886
- Income (IRS master file)
- $929,294
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $678,146 | $467,158 | $4,143,886 | XML |
| 990 | June 2024 | $7,213,008 | $7,981,886 | $3,792,917 | XML |
| 990 | June 2023 | $581,792 | $494,872 | $4,580,644 | XML |
| 990 | June 2022 | $527,104 | $548,973 | $4,481,969 | XML |
| 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 86-0833573).
Questions about PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC
- What is the EIN of PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC is 86-0833573.
- Is PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC 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 PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC 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 PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names JAMES GRAY.
- Who are the officers and directors of PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $139,360 (JAMES GRAY, President & CEO).
- How much revenue does PARTNERSHIP FOR ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $678,146, expenses of $467,158 and total assets of $4,143,886 at year end.
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