Imperial Valley Economic Developement Corporation

Not tax-deductible

Imperial, CA501(c)(6)Community Development EIN 33-0873809Revenue $778K in FY2025

On file with the IRSivedc.com2415 Imperial Business Park Dr, 92251-4004 · Imperial, CATax-exempt since Dec 1999

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The Imperial Valley Economic development corporation's mission is marketing of Imperial county as a region to attract new business and industry. Increasing capital investment, local commerce, employment and tax revenue. Maintaining a financially sound, independent, private sector marketing organization for Imperial county

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
94¢ of each $1 spent went to programs.
$195K 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

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $14K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$195K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$138K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$778K
-16% vs prior year
Spent
$739K
To programs
94%
Net assets
$306K
By yearFY2020–FY2025
Revenue
$778K
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$419K
FY2021$656K
FY2022$540K
FY2023$788K
FY2024$925K
FY2025$778K
Expenses
$739K
FY2025▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$637K
FY2021$617K
FY2022$519K
FY2023$723K
FY2024$953K
FY2025$739K
Net assets
$306K
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020−$40K
FY2021−$1K
FY2022$20K
FY2023$85K
FY2024$267K
FY2025$306K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $696K Management & general 6% · $43K

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

9 people listed on the 990; $195K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$194,819Pt VII · Sec A
Executive Comm
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Executive Comm
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Tim Kelley’s $195K as CEO is at the 96th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tim Kelley$194,819$175,560$137,492$114,289$116,424$121,275

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 Imperial Valley Economic Developement Corporation executive salaries →

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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

Markets Imperial County to attract new businesses, boosting investment and jobs.

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Provided by the organization

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1 program · $683K · in their own filed words · FY2024
01

Creating and implementing a plan to market the imperial county to businesses and industries outside of imperial county that are seeking sites for new or additional locations. It is also establishing a business-to-business network of ivedc investors.

$683Kprogram expense

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 1 funder$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$778K
Ln 12
Fees for servicesLn 2g$434K
Gifts and grantsLn 1h$337K
Investment incomeLn 3$7K
Money outPt IX
$739K
Ln 25
Programscol B$696K
Managementcol C$43K
Owns and owesPt X
$306K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$444K
LiabilitiesLn 26$138K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$337K
Fees for servicesLn 2g$434K
Investment incomeLn 3$7K
Gains on assetsLn 7$0
Total revenueLn 12$778K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$229K
Cash and savings togetherLn 1–2$229K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$215K
Total assetsLn 16$444K
LiabilitiesLn 26$138K
Net assetsLn 32$306K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$219K$229K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$453K$444K
LiabilitiesLn 26$186K$138K
Net assetsLn 32$267K$306K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$195K$195K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$132K$132K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$28K$28K
Payroll taxesLn 10$39K$39K
Management feesLn 11a$0
Legal feesLn 11b$65$65
Accounting feesLn 11c$32K$32K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$0
Office expensesLn 13$24K$24K
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$61K$61K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$75K$75K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$95K$92K$3K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$739K$696K$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $778K$739K$39K$306K 990 PDF
FY2024 $925K$953K−$28K$267K 990 PDF
FY2023 $788K$723K$65K$85K 990 PDF
FY2022 $540K$519K$21K$20K 990 PDF
FY2021 $656K$617K$39K−$1K 990 PDF
FY2020 $419K$637K−$217K−$40K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $777,953 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,068$336,633
I-9 Program service revenuePrior year $774,452$434,068
I-10 Investment incomePrior year $8,243$7,252
I-11 Other revenue$0
I-12 Total revenuePrior year $924,763$777,953
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $618,562$393,408
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $334,354$345,481
I-18 Total expensesPrior year $952,916$738,889
I-19 Revenue less expensesPrior year −$28,153$39,064
Part VI · Governance 5 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $777,953 across 9 lines filed
Lines not itemized here account for $5 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$336,633
VIII-1h Total contributions, gifts and grants$336,633
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $434,063$434,063
VIII-3 Investment incomeRelated to mission $7,252$7,252
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $441,320$777,953
Part IX · Statement of functional expenses $738,889 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $194,819$194,819
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $132,079$132,079
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $27,502$27,502
IX-10 Payroll taxesPrograms $39,008$39,008
IX-11a Management fees$0
IX-11b Legal feesManagement $65$65
IX-11c Accounting feesManagement $31,941$31,941
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $7,910$7,910
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $24,062$24,062
IX-14 Information technologyPrograms $4,745$4,745
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $60,852$60,852
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $74,634$74,634
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $42,425$42,425
IX-24 Other expenses (24a–d)Programs $91,652 · Management $3,470$95,122
IX-24e All other expensesPrograms $3,725$3,725
IX-25 Total functional expensesPrograms $695,503 · Management $43,386 · Fundraising $0$738,889
Part X · Balance sheet $443,820 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $218,556$229,067
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $234,797$214,753
X-16 Total assetsStart of year $453,353$443,820
X-25 Other liabilitiesStart of year $50,463$12,762
X-26 Total liabilitiesStart of year $186,260$137,663
X-27 Net assets without donor restrictionsStart of year $267,093$306,157
X-32 Total net assets or fund balancesStart of year $267,093$306,157
X-33 Total liabilities and net assetsStart of year $453,353$443,820
Part XI · Reconciliation of net assets $306,157 net assets at year end
XI-1 Total revenue$777,953
XI-2 Total expenses$738,889
XI-3 Revenue less expenses$39,064
XI-4 Net assets at start of year$267,093
XI-10 Net assets at end of year$306,157

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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