Palo Verde Valley Communityimprovement Fund
- Assets
- $8.7m
- Revenue
- $517.2k
- Investments
- $8.4m
- Employees
- 2
- Location
- Blythe, CA
- Founding
- 09/2007
- Data as of
- 06/2024
- 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 06/2024, 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 06/2024, Palo Verde Valley Communityimprovement Fund generated $517.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $247.3k during the year ending 06/2024. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Palo Verde Valley Communityimprovement Fund has awarded 45 individual grants totaling $736,206. 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
2024
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 OPERATION GRANS TO COMMUNITY ORGANIZATIONS. SEE STATEMENT 12 FOR LIST OF ORGANIZATIONS AND AMOUNT PER ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay L Abbs Chairman | 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 | |
Carolyn Dekens Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $123 |
| Dividends & Interest | $120,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287,857 |
| Capital Gain Net Income | $287,857 |
| Net ST Capital Gain | $18,188 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109,043 |
| Total Revenue | $517,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,491 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,187 |
| Depreciation | $0 |
| Occupancy | $11,900 |
| Travel, conferences, and meetings | $717 |
| Printing and publications | $0 |
| Other expenses | $20,707 |
| Total operating and administrative expenses | $132,912 |
| Contributions, gifts, grants paid | $114,392 |
| Total expenses and disbursements | $247,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,592 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,768 |
| 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 | $2,704,794 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,738,674 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Palo Verde Valley Communityimprovement Fund has awarded $114,392 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BPO ELKS LODGE 1799 PURPOSE: GRANT TO IMPROVE BUILDING THAT SERVES THE MEMBERS OF THE LODGE AND HOUSES FUNCTIONS FOR RESIDENTS OF THE PALO VERDE VALLEY. | $48,440 |
BLYTHE LITTLE LEAGUE PURPOSE: REPLACE RESTROOM FIXTUES IN THE MAIN RESTROOM AT TODD PARK | $1,500 |
PALO VERDE YELLOW JACKET BOOSTER AS PURPOSE: SUPPORT THE 37TH ANNUAL GOLF TOURNAMENT TO RAISE FUNDS FOR THE HIGH SCHOOL SPORTS TEAMS. | $250 |
COLORADO RIVER FAIR PURPOSE: SUPPORT THE LOCAL FAIR. | $600 |
BLYTHE CANCER RESOURCE CENTER PURPOSE: GRANT TO HELP CANCER VICTIMS OF THE PALO VERDE VALLEY. | $15,000 |
BLYTHE CHAMBER OF COMMERCE PURPOSE: TO PURCHASE SUPPLIES TO SUPPLY LUNCH FOR THE "RUN FOR THE WALL" MOTORCYCLE GROUP, GRANT FOR ANNUAL WINTERFEST, AND SPONSORSHIP OF THE ANNUAL BUSINESS OUTLOOK CONFRENCE. | $5,752 |