Economic Development Coalition FY2022 filing

Not tax-deductible

Temecula, CA501(c)(6)EIN 33-0428745

To actively promote economic development in southwest riverside county while working with various cities, the county of riverside and the local chambers of commerce.

7¢ of each $1 spent went to programs.
$93K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(6)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
No
Donations are not tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 4
years in the black
Pt I · Ln 19 · 4 filings
How much reaches the programs?
7%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$93K
to officers and key staff · 48% of spending
Pt VII · Sec A
Do they have reserves?
8 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $56K
Funders’ Sch. I, 990-PF
Do they carry debt?
$17K
liabilities
Pt X · Ln 26
Who oversees it?
16
independent of 16 voting board members
Pt VI · Ln 1a–1b
Revenue
$228K
+95% vs prior year
Spent
$195K
To programs
7%
Net assets
$114K
By yearFY2021–FY2025
Revenue
$228K
FY2022▲ +95%
Revenue by fiscal year
FY2021$117K
FY2022$228K
FY2023$247K
FY2024$342K
FY2025$307K
Expenses
$195K
FY2022
Expenses by fiscal year
FY2021Not on file
FY2022$195K
FY2023$239K
FY2024$341K
FY2025$332K
Net assets
$114K
FY2022▲ +41%
Net assets by fiscal year
FY2021$81K
FY2022$114K
FY2023$122K
FY2024$124K
FY2025$99K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CEconomic Development Coalition
EINHdr · item D33-0428745
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFOct 1991
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CTemecula, CA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.edcsouthwestcalifornia.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.07 Management & general $0.93
Program services7%$13K
Management & general93%$182K
Total functional expensesLn 25$195K

Financial health

Is it on solid ground?

Operating surplus
+14%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
59%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$131K
FY2022
Total assets by fiscal year
FY2021Not on file
FY2022$131K
FY2023$178K
FY2024$148K
FY2025$128K
Total liabilities
$17K
FY2022
Total liabilities by fiscal year
FY2021Not on file
FY2022$17K
FY2023$56K
FY2024$24K
FY2025$29K
Revenue less expensesPt I · Ln 19$33K
Total assetsPt X · Ln 16$131K
Program-expense ratioPt IX · col B7%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$131K
Total liabilitiesLn 26$17K
Total net assetsLn 32$114K
Months of cash on handcomputed7.7

Statement of Revenue

Part VIII
Contributions & grants$226K · 99%
Other revenue$2K · 1%
Contributions & grants99%$226K
Other revenue1%$2K
— government grantsLn 1e$7K
Total revenueLn 12$228K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $125K · Operating expenses/yr $195K
7.7 months
Where the money goes
Program services
Program services $13K · Total expenses $195K
7%
Management & General
Management & general $182K · Total expenses $195K
93%
Fundraising
Fundraising $0 · Total expenses $195K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $219K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $226K · Total revenue $228K
99%
Government reliance
Government grants $7K · Total revenue $228K
3%
Earned-income share
Program service revenue $0 · Total revenue $228K
0%
Investment reliance
Investment income $0 · Total revenue $228K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $195K
0%
Growth & trend
Revenue growth (YoY)
This year $228K · Prior year $117K
+95%
Net-asset trend (YoY)
End of year $114K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $228K · Expenses $195K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $131K
—
Net-asset ratio
Net assets $114K · Total assets $131K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $131K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Connie Stopher · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $93K · Total expenses $195K
48%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $114K · Total expenses $195K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 7%——
Overhead ratio 93%——
Fundraising cost ratio 0%——
Revenue growth 95%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$92,995Pt VII · Sec A
Executive Board Member
$0Pt VII · Sec A
Executive Board Member
$0Pt VII · Sec A
Executive Board Member
$0Pt VII · Sec A
Executive Board Member
$0Pt VII · Sec A
Executive Board Member
$0Pt VII · Sec A
Executive Board Member
$0Pt VII · Sec A
Executive Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Connie Stopher$163,886$155,902$92,995

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 16Voting board membersPt VI · Ln 1a
  • 16Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes economic growth in Southwest Riverside County with cities and chambers of commerce.

Provided by the organization

This section is blank until Economic Development Coalition claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $13K of program spending, described in the organization's own filed words · FY2021.
01

Provide a clear and united voice of the edc's economic development efforts. Be the "one voice" advocate of the PUBLIC/PRIVATE sector in pursuit of economic growth.

$13Kprogram expense
02

Establish, protect, and reflect high standards of quality economic development. Stimulate and assist business growth, expand job opportunities and enhance the competitive position of southwest california.

Pt IX · col B
03

Create task forces needed to carry out essential economic development activities. Provide and cultivate the leadership necessary to sustain the PUBLIC/PRIVATE partnership.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$56K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $307K$332K-10% 990 PDF
FY2024 $342K$341K+38% 990 PDF
FY2023 $247K$239K+9% 990 PDF
FY2022 Viewing $228K$195K+95% 990 PDF
FY2021 $117K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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