Valley Partnership A Nonprofit Corporation
- Assets
- $886.4k
- Revenue
- $882.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Phoenix, AZ
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 86-0598979
Organization Overview
Valley Partnership A Nonprofit Corporation is located in Phoenix, AZ. The organization was established in 1989. 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. As of 12/2021, Valley Partnership A Nonprofit Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Partnership A Nonprofit Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Valley Partnership A Nonprofit Corporation generated $882.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $676.7k during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VALLEY PARTNERSHIP ADVOCATES RESPONSIBLE DEVELOPMENT. REPRESENTING THE COMMERCIAL, INDUSTRIAL & MASTER PLANNED REAL ESTATE DEVELOPMENT INDUSTRY, WE PRESENT A BALANCED, PRO-DEVELOPMENT PERSPECTIVE & THE VALLEYS BEST INDUSTRY EDUCATION & NETWORKING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED MORE THAN 3,500 REAL ESTATE PROFESSIONALS AT OUR MONTHLY FRIDAY MORNING BREAKFASTS, HAPPY HOURS, ANNUAL SPRING TRAINING GAME, AND GOLF TOURNAMENT. SPEAKERS AT OUR EVENTS INCLUDED REPRESENTATIVES MARTHA MCSALLY AND KYRSTEN SINEMA, MOLLY CARSON, JEFF MOLAZNIK, JOHN GRAHAM, AND CHRIS CAMACHO.
LEGISLATIVE COMMITTEE DISCUSSES AND ADVISES ON LEGISLATION THAT AFFECTS THE REALESTATE INDUSTRY AND EDUCATES AND INFORMS OUR MEMBERS OF OUR ACTIVITIES.PASSED STATE LEGISLATION REGARDING DROUGHT CONTINGENCY PLAN (DCP) FOR THE STATE.PROTECTED GPLET AS AN AVAILABLE TOOL AND ENHANCE ABILITY TO ESTABLISH CFDS INARIZONA. CONSISTENT APPLICATION OF IMPACT FEES, SUPPORTED FUNDING OF THE HIGHWAYUSER REVENUE FUND EXCHANGE PROGRAM (HURF) IN STATE BUDGETS, ANDENCOURAGED OUR MEMBERSHIP TO SUPPORT IN SOCIAL MEDIA AND OTHER MEMBERSHIP TOOLS.
REPRESENTED THE COMMERCIAL REAL ESTATE INDUSTRY BY HOLDING MONTHLY MEETINGS OF THE CITY/COUNTY COMMITTEE TO FACILITATE AN EXCHANGE OF INFORMATION BETWEEN CITY EMPLOYEES & MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Lombard President/ceo | 40 | $269,000 | |
Jim Kenny Chairman | OfficerTrustee | 4 | $0 |
Brandon Dillingham Vice Chair | OfficerTrustee | 2 | $0 |
Laura Ortiz Treasurer | OfficerTrustee | 1 | $0 |
Rob Bassett Secretary | OfficerTrustee | 1 | $0 |
Bob Bambauer Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,950 |
| Fundraising events | $59,350 |
| Related organizations | $0 |
| Government grants | $37,336 |
| All other contributions, gifts, grants, and similar amounts not included above | $575,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $766,303 |
| Total Program Service Revenue | $90,648 |
| Investment income | $2,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,135 |
| Net Income from Fundraising Events | $63,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $881,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $274,980 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,216 |
| Pension plan accruals and contributions | $1,881 |
| Other employee benefits | $11,661 |
| Payroll taxes | $18,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,642 |
| Fees for services: Lobbying | $91,643 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,005 |
| Advertising and promotion | $15,000 |
| Office expenses | $7,420 |
| Information technology | $14,252 |
| Royalties | $0 |
| Occupancy | $27,084 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,294 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $877 |
| Insurance | $2,789 |
| All other expenses | $0 |
| Total functional expenses | $676,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,333 |
| Savings and temporary cash investments | $564,738 |
| Pledges and grants receivable | $0 |
| 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 | $55,019 |
| Net Land, buildings, and equipment | $218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,046 |
| Total assets | $886,354 |
| Accounts payable and accrued expenses | $10,232 |
| Grants payable | $0 |
| Deferred revenue | $188,765 |
| 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 | $198,997 |
| Net assets without donor restrictions | $687,357 |
| 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 | $886,354 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Philanthropy Action Fund Palo Alto, CA | $40,719,631 | $63,966,410 |
California Association Of Realtors Inc Los Angeles, CA | $141,130,823 | $49,796,356 |
California Chamber Of Commerce Sacramento, CA | $24,602,623 | $26,657,104 |
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |