Partnership For Economic Innovation
- Assets
- $4.8m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Tempe, AZ
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-4623504
Organization Overview
Partnership For Economic Innovation is located in Tempe, AZ. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Partnership For Economic Innovation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership For Economic Innovation 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 12/2022, Partnership For Economic Innovation generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $17.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A WORLD-CLASS ECONOMY THROUGH AWARENESS, RESOURCES AND ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORKFORCE PIPELINE DEVELOPMENT PROGRAM FOCUSES ON THE DEVELOPMENT AND SUPPORT OF A TALENT OPTIMIZATION SITE THAT UTILIZES INNOVATIVE TECHNOLOGIES AND ANALYTICS TO BETTER CONNECT THE REGION'S WORKFORCE DEVELOPMENT ECOSYSTEM WHICH IS COMPRISED OF EMPLOYERS, EDUCATIONAL AND TRAINING INSTITUTIONS, NON-PROFITS AND JOB SEEKERS.
THE DIGITAL EQUITY PROGRAM WORKS WITH GOVERNMENT AGENCIES TO CLOSE THE DIGITAL DIVIDE IN UNDERSERVED COMMUNITY POPULATIONS.
THE CONNECTIVE PROGRAM: THROUGH A COMMUNITY-DRIVEN APPLIED RESEARCH MODEL AND COLLABORATION, OUR CONSORTIUM OF PUBLIC, PRIVATE, UNIVERSITY, AND COMMUNITY PARTNERS SEEK TO EMPOWER GREATER PHOENIX COMMUNITIES TO BUILD THE NATION'S LARGEST, MOST CONNECTED, SMART REGION, DEVELOPING AND DEPLOYING TECHNOLOGY SCALABLE SOLUTIONS ROOTED IN CONNECTIVITY, MOBILITY, EQUITY, AND SUSTAINABILITY.
THE APPLIED RESEARCH PROGRAM SUPPORTS PUBLIC AND PRIVATE-SECTOR INVESTMENTS IN INDUSTRY-LED, SELF-SUSTAINING APPLIED RESEARCH CENTERS TO PROMOTE THE GROWTH OF INNOVATIVE INDUSTRIES AND WELL-PAYING JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rousseau Director | Trustee | 0.5 | $0 |
Paul Luna Director | Trustee | 0.5 | $0 |
Brad Jannenga Director | Trustee | 0.5 | $0 |
Darcy Renfro Director | Trustee | 0.5 | $0 |
Matt Salmon Director | Trustee | 0.5 | $0 |
Neil Giuliano Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Futures Inc Consulting | 12/30/22 | $1,131,125 |
Oh Strategy Communications Public Relations Services | 12/30/22 | $156,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,946,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,946,246 |
| Total Program Service Revenue | $14,907,256 |
| Investment income | $17,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,960 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,911,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $400,716 |
| Compensation of current officers, directors, key employees. | $92,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,344 |
| Payroll taxes | $65,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,939,706 |
| Advertising and promotion | $300,460 |
| Office expenses | $3,759 |
| Information technology | $14,519 |
| Royalties | $0 |
| Occupancy | $157,981 |
| Travel | $1,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,150 |
| All other expenses | $0 |
| Total functional expenses | $17,481,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,503 |
| Savings and temporary cash investments | $1,700,987 |
| Pledges and grants receivable | $2,530,479 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,439 |
| Total assets | $4,781,408 |
| Accounts payable and accrued expenses | $486,756 |
| Grants payable | $0 |
| Deferred revenue | $2,509,327 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,996,083 |
| Net assets without donor restrictions | $1,785,325 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,781,408 |
Grants Awarded
Over the last fiscal year, Partnership For Economic Innovation has awarded $26,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SKIN ACTIVES SCIENTIFIC LLC PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
ZERO MASS WATER INC PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
VAN HORN AVIATION PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
VMAS SOLUTUIONS INC PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
ASU FOUNDATION PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $10,100 |