Palo Verde Valley Communityimprovement Fund
- Assets
- $7.7m
- Revenue
- $282.6k
- Investments
- $5.8m
- Employees
- 2
- Location
- Blythe, CA
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 20-5469350
Organization Overview
Palo Verde Valley Communityimprovement Fund is located in Blythe, CA. The organization was established in 2007. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Palo Verde Valley Communityimprovement Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palo Verde Valley Communityimprovement Fund 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 06/2022, Palo Verde Valley Communityimprovement Fund generated $282.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $207.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Palo Verde Valley Communityimprovement Fund has awarded 35 individual grants totaling $621,814. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEGRATED INTO THE FINANCIAL SUPPORT TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE PALO VERDE VALLEY REGION, THE ORGANIZATION ISSUED OPERATIONAL GRANTS TO COMMUNITY ORGANIZATIONS. GRANTS TOTALING $67,236 WERE AWARDED TO BLYTHE LITTLE LEAGUE AND VFW FOUNDATION DURING THE YEAR ENDED JUNE 30, 2022. SPONSORSHIPS TOTALING $1,837 WERE AWARDED DURING THE YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilee Harinkson CEO | 15 | $19,766 | |
Jay L Abbs President | 1 | $0 | |
Kime Williams 1st Vice Pres | 1 | $0 | |
Jeff Gatchell 2nd Vice Pres | 1 | $0 | |
Brad Robinson Secretary | 1 | $0 | |
Mike Hudson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $173,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,950 |
| Capital Gain Net Income | $13,950 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $95,586 |
| Total Revenue | $282,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,399 |
| Other employee salaries and wages | $21,545 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $65 |
| Occupancy | $7,661 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,648 |
| Total operating and administrative expenses | $137,995 |
| Contributions, gifts, grants paid | $69,073 |
| Total expenses and disbursements | $207,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,400 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,557 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,623,782 |
| Total assets | $7,680,421 |
| Accounts payable and accrued expenses | $1,027 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,027 |
Grants Awarded
Over the last fiscal year, Palo Verde Valley Communityimprovement Fund has awarded $69,073 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
VETERANS OF FOREIGN WARS VFW PURPOSE: REPLACE HVAC UNITS, PURCHASE NEW COOLERS, PAY DELINQUENT PROPERTY TAX, PAY FIRE INSURANCE. | $45,756 |
BLYTHE LITTLE LEAGUE PURPOSE: REPLACE RESTROOM FIXTURES IN THE MAIN RESTROOM AT TODD PARK. | $11,480 |
Blythe, CA PURPOSE: FUND ACTIVITIES FOR THE WINTER FESTIVAL BENEFITING LOCAL RESIDENTS. | $10,000 |
Blythe, CA PURPOSE: DECORATING TODD PARK FOR CHRISTMAS. | $500 |
Blythe, CA PURPOSE: TO PURCHASE SUPPLIES TO SUPPLY LUNCH FOR THE "RUN FOR THE WALL" MOTORCYCLE GROUP. | $500 |
COLORADO RIVER FAIR PURPOSE: SUPPORT THE LOCAL FAIR. | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hawaii Community Lending Honolulu, HI | $8,660,806 | $18,228,333 |
Southern Arizona Land Trust Inc Tucson, AZ | $20,281,486 | $2,439,910 |
Door Of Faith Ministries Inc Salinas, CA | $315,718 | $1,297,630 |
Cobiz Richmond Inc Richmond, CA | $437,785 | $787,520 |
Community Agroecology Network Santa Cruz, CA | $2,331,013 | $676,339 |
Hopexchange Inc Scio, OR | $468,873 | $942,517 |
Northwest California Resource Conservation & Development Council Weaverville, CA | $188,582 | $512,558 |
Camptonville Community Partnership Camptonville, CA | $244,958 | $638,266 |
Food Roots Tillamook, OR | $436,936 | $587,342 |
North Shore Evp Waialua, HI | $31,467 | $0 |
Rebuild Superior Inc Superior, AZ | $211,956 | $326,542 |
Kings County Ecomomic Development Corp Hanford, CA | $7,039,153 | $404,777 |