2025-05-15T11:09:56-05:00 2024-06-30 330783299 OSBORNE RINCON CPAS 79245 CORPORATE CENTRE DRIVE LA QUINTA CA 92253 990 2023-07-01 330642485 COACHELLA VALLEY ECONOMIC PARTNERSHIP COAC 7603401575 3111 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262 DEBORAH MCGARREY BOARD CHAIR 7603401575 2025-05-14 1 1 LEE M OSBORNE CPA CFE P00160718 7607779805 2025-05-14 2023 2025-03-06 01:10:19Z DEBORAH MCGARREY 3111 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262 945088 0 X WWW.CVEP.COM X 1994 CA FOSTER ECONOMIC DEVELOPMENT IN THE COACHELLA VALLEY. 25 1 6 0 0 0 621917 434401 512662 470597 0 0 30632 40090 1165211 945088 0 0 0 0 587765 608931 0 0 0 705245 509974 1293010 1118905 -127799 -173817 414305 179469 488323 427303 -74018 -247834 X CVEP SERVES INNOVATORS AND ENTREPRENEURS AT EVERY STAGE OF BUSINESS FROM INCUBATION TO LAUNCH TO DAILY OPERATION. THE ORGANIZATION MANAGES THE PALM SPRINGS IHUB, THE BUSINESS SERVICES CENTER AND ORGANIZES A ROBUST SCHEDULE OF PROFESSIONAL TRAINING EVENTS. 0 0 FOSTER ECONOMIC DEVELOPMENT IN THE COACHELLA VALLEY THROUGH EDUCATIONAL PROGRAMS AND MARKETING THE AREA TO ATTRACT BUSINESSES. CVEP BRINGS TOGETHER THE REGION'S PARTNERS INCLUDING BUSINESSES OF EVERY SIZE, THE NINE CITIES, UNINCORPORATED AREAS, THE TRIBAL GOVERNMENTS, REGIONAL GOVERNMENTS, AND THE GREATER PALM SPRINGS CONVENTION & VISITORS BUREAU TO MAKE OUR REGION A BETTER PLACE TO PROSPER IN A YEAR ROUND ECONOMY.THE PALM SPRINGS INNOVATION HUB (IHUB), MANAGED BY THE COACHELLA VALLEY ECONOMIC PARTNERSHIP, IS A STATE-DESIGNATED BUSINESS INCUBATOR FUNDED BY THE CITY OF PALM SPRINGS AND WELLS FARGO. THE IHUB FOCUSES ON EARLY-STAGE BUSINESSES IN THE FIELDS OF RENEWABLE ENERGY, HEALTH AND MEDICINE, AND DIGITAL TECHNOLOGY. THE PALM SPRINGS IHUB ALSO OFFERS THE PALM SPRINGS ACCELERATOR CAMPUS DESIGNED TO MITIGATE START-UP RISKS AND INCREASE THE PROBABILITY OF BUSINESSES PROSPERING AND GROWING INTO THE FUTURE. 956802 510687 956802 510687 956802 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 6 1 0 0 0 0 0 0 0 0 0 0 X 25 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X COACHELLA VALLEY ECONOMIC PARTNERSHIP 7603401575 3111 E TAHQUITZ CANYON WAY PALM SPRINGS CA 92262 X TODD HOOKS VICE CHAIR 5.00 X X 0 0 0 TRACY TREMBLAY TREASURER/SECRETARY 5.00 X X 0 0 0 DEBORAH MCGARREY CHAIR 5.00 X X 0 0 0 MOISES AGUIRRE TREASURER/SECRETARY 5.00 X X 0 0 0 JOE WALLACE CEO 40.00 X 183748 0 0 183748 0 0 1 0 1 0 0 368151 66250 434401 MANAGEMENT INCOME 541900 200000 200000 RENTAL INCOME 541900 163509 163509 SUMMIT INCOME 541900 107088 107088 470597 SELF GENERATED INCOME 541900 40090 40090 40090 945088 510687 0 0 X 524956 456712 68244 42916 34762 8154 41059 35311 5748 225944 196977 28967 19298 19298 30658 24526 6132 19873 14905 4968 16200 16200 41915 41915 12982 6491 6491 TELEPHONE AND UTILITIES 82581 76800 5781 BAD DEBT 26957 26957 DUES AND SUBSCRIPTIONS 16589 11778 4811 MEETINGS 10370 10370 6607 6607 1118905 956802 162103 0 305215 117936 37743 17101 15000 1366278 1336846 71347 29432 414305 179469 48198 56481 70000 30000 370125 340822 488323 427303 X -74018 -247834 -74018 -247834 414305 179469 -173817 0 X 0 0 0 X 773500 780500 643500 621917 434401 3253818 21031 65100 86131 794531 845600 643500 621917 434401 3339949 3339949 14 67 211 292 3340241 437677 0.99990 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1134561 1106500 28061 231717 230346 1371 29432 ACCRUED PAYROLL 16847 ACCRUED VACATION 23975 EIDL PAYABLE 300000 340822 945088 0 945088 0 945088 1118905 0 1118905 0 1118905 1 X X X 0 0 0 0 0 0 0 0 0 JOE WALLACE CEO 183748 0 0 0 0 0 0 0 0 0 183748 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CPA PREPARES THE FORM 990 AND THEN SUBMITS IT TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REVIEWS ANY CONFLICTS WITH THE EXECUTIVE BOARD FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE BOARD REVIEWS OUTSIDE INFORMATION FROM THE COACHELLA VALLEY AND LIKE ORGANIZATIONS IN APPROVING ANNUAL COMPENSATION WITH CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 9,600. MANAGEMENT AND GENERAL EXPENSES 2,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,000. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 106,266. MANAGEMENT AND GENERAL EXPENSES 26,567. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,833. EVENTS: PROGRAM SERVICE EXPENSES 81,111. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,111.