Partnership For Economic Innovation
- Assets
- $1.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Tempe, AZ
- Founding
- 11/2015
- Data as of
- 12/2021
- 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 12/2021, Partnership For Economic Innovation employed 8 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 12/2021, Partnership For Economic Innovation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. 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
2021
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 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 |
|---|---|---|---|
Dean Duncan Executive Director | OfficerTrustee | 40 | $155,799 |
Mary Foote Director - Pipeline Az | 40 | $134,779 | |
Katherine Pappas Director - Workforce Strat | 40 | $130,000 | |
Stephanie Tomlin Marketing | 40 | $103,394 | |
Jeff Guldner Treasurer | OfficerTrustee | 1 | $0 |
Chris Zaharis Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Futures Inc Consulting | 12/30/21 | $1,220,150 |
Oh Strategy Communications Public Relations Services | 12/30/21 | $175,000 |
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 | $3,871,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,871,159 |
| Total Program Service Revenue | $182,389 |
| Investment income | $229 |
| 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 | $4,093,737 |
| 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. | $168,799 |
| Compensation of current officers, directors, key employees. | $168,799 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $539,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,396 |
| Payroll taxes | $58,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,145,695 |
| Advertising and promotion | $336,313 |
| Office expenses | $752 |
| Information technology | $12,128 |
| Royalties | $0 |
| Occupancy | $141,960 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,575 |
| All other expenses | $0 |
| Total functional expenses | $3,910,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,230,580 |
| 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 | $1,809,665 |
| Accounts payable and accrued expenses | $315,182 |
| Grants payable | $0 |
| Deferred revenue | $138,706 |
| 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 | $453,888 |
| Net assets without donor restrictions | $512,868 |
| Net assets with donor restrictions | $842,909 |
| 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 | $1,809,665 |
Grants Awarded
Over the last fiscal year, Partnership For Economic Innovation has awarded $26,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Tempe, AZ PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $10,100 |
SKIN ACTIVES SCIENTIFIC LLC PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
ZERO MASS WATER INC PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
VMAS SOLUTUIONS INC PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
VAN HORN AVIATION PURPOSE: WINNER OF EXPORT EXPLORER CONTEST | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Partnership For Economic Innovation has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Ellis Center For Educational Excellence Phoenix, AZ PURPOSE: PIPELINE AZ CAMPAIGN | $75,000 |
Greater Phoenix Leadership Inc Phoenix, AZ PURPOSE: GENERAL SUPPORT | $50,000 |
Helios Education Foundation Phoenix, AZ PURPOSE: See Part IV | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |