Arizona Regional Economic Development Foundation

Organization Overview

Arizona Regional Economic Development Foundation, operating under the name Foundation, is located in Sierra Vista, AZ. The organization was established in 1987. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation 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 06/2023, Foundation generated $690.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION AREDF WAS INCORPORATED IN 1985 TO CREATE A THRIVING, SUSTAINABLE ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL EXPENSES RELATED TO BUILDINGS LEASED AS PART OF ECONOMIC DEVELOPMENT PROJECTS TO ENCOURAGE EMPLOYERS TO OPERATE IN SIERRA VISTA. THESE PROJECTS HAVE RESULTED IN THE CREATION OF OVER 800 JOBS IN SIERRA VISTA.


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Board, Officers & Key Employees

Name (title)Compensation
Mignonne Hollis
Executive Director
$120,819
Stephanie Reed
Bre Director
$65,000
Gary Haymore
Board Member
$0
Dr Brianna Hillier
Board Member
$0
Dr Craig Wilson
Board Member
$0
Ron Curtis
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,520
Fundraising events$0
Related organizations$0
Government grants $67,634
All other contributions, gifts, grants, and similar amounts not included above$17
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$69,171
Total Program Service Revenue$651,234
Investment income -$33,262
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $690,328

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Tule River Economic Development Corporation
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Los Angeles Neighborhood Initiative
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Phoenix Community Development And Investment Corporation
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Sfmade
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