Economic Development Coalition FY2023 filing

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

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0428745) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
9¢ of each $1 spent went to programs.
$156K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $4K a year · 2% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
9%
of spending
9% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$156K
to officers and key staff · 65% of spending
Pay to officers and key staff is 65% of spending.
Part VII, Section A
8.5 mo
of spending, in cash
8.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $56K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$56K
31% of total assets
Liabilities are 31% of assets.
Pt X · Ln 26
Independent board members
20
of 20 voting members
20 of 20 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$247K
+9% vs prior year
Spent
$239K
To programs
9%
Net assets
$122K
By yearFY2021–FY2025
Revenue
$247K
FY2023▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$117K
FY2022$228K
FY2023$247K
FY2024$342K
FY2025$307K
Expenses
$239K
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$195K
FY2023$239K
FY2024$341K
FY2025$332K
Net assets
$122K
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$81K
FY2022$114K
FY2023$122K
FY2024$124K
FY2025$99K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $21K Management & general 91% · $219K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $156K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$155,902Pt 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.

See Economic Development Coalition executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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

Questions for Economic Development Coalition

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3 programs · $21K · in their own filed words · FY2022
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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0428745) · Dispute this line
$21Kprogram 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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0428745) · Dispute this line
Pt IX · Ln 25 · 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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0428745) · Dispute this line
Pt IX · Ln 25 · col B

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$241K
Other incomeLn 4–11$6K
Money outPt IX
$239K
Ln 25
Programscol B$21K
Managementcol C$219K
Owns and owesPt X
$122K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$178K
LiabilitiesLn 26$56K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$241K
Other incomeLn 4–11$6K
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
Accounts receivableLn 4$8K
Total assetsLn 16$178K
LiabilitiesLn 26$56K
Net assetsLn 32$122K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$125K$169K
Total assetsLn 16$131K$178K
LiabilitiesLn 26$17K$56K
Net assetsLn 32$114K$122K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$156K$156K
Other salaries and wagesLn 7$17K$17K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$12K$12K
Other fees for servicesLn 11g$486$486
Advertising and promotionLn 12$4K$4K
Information technologyLn 14$298$298
OccupancyLn 16$2K$2K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$22K$20K$1K
All other expensesLn 24e$4K$145$4K
Total functional expensesLn 25$239K$21K$219K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 14, 2025 $307K$332K−$25K$99K 990 PDF
FY2024Filed with the IRS Nov 15, 2024 $342K$341K$2K$124K 990 PDF
FY2023 ViewingFiled with the IRS Dec 18, 2023 $247K$239K$8K$122K 990 PDF
FY2022Filed with the IRS Nov 11, 2022 $228K$195K$33K$114K 990 PDF
FY2021Filed with the IRS Jan 10, 2022 $117K$81K 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2023 990
Part I · Summary $247,423 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $225,935$241,183
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,000$6,240
I-12 Total revenuePrior year $227,935$247,423
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $114,128$185,686
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $80,892$53,492
I-18 Total expensesPrior year $195,020$239,178
I-19 Revenue less expensesPrior year $32,915$8,245
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $247,423 across 4 lines filed
VIII-1b Membership dues$241,183
VIII-1h Total contributions, gifts and grants$241,183
VIII-8 Net income from fundraising eventsExcluded from tax $6,240$6,240
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,240$247,423
Part IX · Statement of functional expenses $239,178 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $155,902$155,902
IX-7 Other salaries and wagesManagement $17,007$17,007
IX-10 Payroll taxesManagement $12,777$12,777
IX-11a Management feesManagement $12,000$12,000
IX-11g Other fees for servicesManagement $486$486
IX-12 Advertising and promotionManagement $4,228$4,228
IX-14 Information technologyManagement $298$298
IX-16 OccupancyManagement $1,689$1,689
IX-17 TravelManagement $5,129$5,129
IX-19 Conferences, conventions and meetingsManagement $1,990$1,990
IX-22 Depreciation, depletion and amortizationManagement $2,165$2,165
IX-24 Other expenses (24a–d)Programs $20,425 · Management $1,378$21,803
IX-24e All other expensesPrograms $145 · Management $3,559$3,704
IX-25 Total functional expensesPrograms $20,570 · Management $218,608 · Fundraising $0$239,178
Part X · Balance sheet $177,881 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $125,112$169,381
X-4 Accounts receivableStart of year $5,467$8,500
X-16 Total assetsStart of year $131,376$177,881
X-17 Accounts payable and accrued expensesStart of year $5,949$10,286
X-25 Other liabilitiesStart of year $11,374$45,297
X-26 Total liabilitiesStart of year $17,323$55,583
X-27 Net assets without donor restrictionsStart of year $114,053$122,298
X-32 Total net assets or fund balancesStart of year $114,053$122,298
X-33 Total liabilities and net assetsStart of year $131,376$177,881
Part XI · Reconciliation of net assets $122,298 net assets at year end
XI-1 Total revenue$247,423
XI-2 Total expenses$239,178
XI-3 Revenue less expenses$8,245
XI-4 Net assets at start of year$114,053
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$122,298

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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