Indian Wells Economic Development Corporation
- Assets
- $116.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgecrest, CA
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-3656551
Organization Overview
Indian Wells Economic Development Corporation, operating under the name Indian Wells Valley Economic Development Corporation, is located in Ridgecrest, CA. The organization was established in 2018. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Wells Valley Economic Development Corporation 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 12/2023, Indian Wells Valley Economic Development Corporation generated $39.3k 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 (35.4%) each year. All expenses for the organization totaled $47.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LOCAL ECONOMY AND QUALITY OF LIFE FOR THE INDIAN WELLS VALLEY.
Describe the Organization's Program Activity:
Part 3
THE PARADE OF 1000 FLAGS IS A COMMEMORATION OF SEPTEMBER 11, 2001. THE IWV ECONOMIC DEVELOPMENT CORPORATION IS PARTNERING WITH THE NEWS REVIEW IN 2021 TO ENSURE THE CONTINUATION OF THIS COMMUNITY-CENTRIC EVENT STARTED BY THE RIDGECREST EXCHANGE CLUB IN 2008. ON SATURDAY, SEPTEMBER 11, 2021, THE 20TH ANNIVERSARY OF THE ATTACKS, 1,000 FLAG BEARERS PARADE DOWN CHINA LAKE BLVD TO FREEDOM PARK WHERE THE FLAGS WILL BE POSTED. A SHORT PROGRAM FOLLOWS.
TO ENHANCE QUALITY OF LIFE, IT IS CRUCIAL THAT OTHER LOCAL NONPROFITS CAN FULFILL THEIR MISSIONS. PROCEEDS FROM THE SALE OF 911 PERDEW WERE TO BE SPLIT WITH THE NEXUS FOUNDATION TO BENEFIT RIDGEPROJECT AND THE WOMEN'S CENTER HIGH DESERT.
THIS PROGRAM FOCUSES ON THE NEEDS OF THE AREAS LARGEST EMPLOYERS TO RECRUIT AND RETAIN QUALITY LABOR THUS EFFECTING THE NEED FOR A HIGHER QUALITY OF LIFE AND DEVELOPING THE LOCAL ECONOMY. THIS INCLUDES IDENTIFYING RESOURCES TO GATHER DATA AND IDENTIFY OPPORTUNITIES TO SUPPORT THE ECONOMIC DEVELOPMENT OF THE AREA AND MEET THE COMMUNITIES NEEDS. ADDITIONALLY, A STUDY UPDATE WAS CONTRACTED WITH COUNSILMAN-HUNSAKER, AN AQUATIC DESIGN EXPERT, TO SUPPORT A GRANT APPLICATION TO BUILD A COMMUNITY POOL. THE PUBLIC POOL SHUT DOWN IN 2016 AND THE COMMUNITY HAS BEEN WITHOUT AN AQUATIC FACILITY SINCE THEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Oneil Executive/chair | 20 | $0 | |
Sean Hancock Vice Chair | 2 | $0 | |
Donna Hocker Secretary | 1 | $0 | |
Rebecca Mccourt CFO | 1 | $0 | |
April Moore Director | 1 | $0 | |
Stuart Witt Advisor | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,284 |
| Membership dues | $16,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,284 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $37,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $385 |
| Other expenses | $8,445 |
| Total expenses | $47,152 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $116,139 |
| Other assets | $0 |
| Total assets | $116,139 |
| Total liabilities | $0 |
| Net assets or fund balances | $116,139 |