AV Edge FY2023 filing

Not tax-deductible

Lancaster, CA501(c)(6)Since 1998Community Development EIN 95-4718459Revenue $468K in FY2023

On file with the IRSavedgeca.org824 W Lancaster Blvd, 93534-2304 · Lancaster, CATax-exempt since Jun 2000

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The AV Edge mission is to ensure thoughtful, diverse economic growth and development of the entire antelope valley. Through partnerships, legislative advocacy and education we work to inspire all businesses and industries to engage, leverage and cultivate the countless opportunities the ave offers businesses locally, regionally and globally.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$118K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
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
3 of 5
filings with a surplus
Average surplus $53K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$118K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$468K
-6% vs prior year
Spent
$557K
To programs
0%
Net assets
$176K
By yearFY2021–FY2025
Revenue
$468K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2021$456K
FY2022$496K
FY2023$468K
FY2024$666K
FY2025$1.0M
Expenses
$557K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$327K
FY2022$530K
FY2023$557K
FY2024$650K
FY2025$780K
Net assets
$176K
FY2023▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2021$346K
FY2022$266K
FY2023$176K
FY2024$193K
FY2025$438K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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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 Jun 2000.

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

Who runs it and what they're paid

9 people listed on the 990; $118K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Dir.
$117,598Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Andrew Mercy’s $141K as Executive Director is at the 42nd percentile of top reported officer pay among 2833 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Andrew Mercy$140,527———
Ronda Perez——$60,000$133,015
Andrew G Mercy—$117,598$54,577—

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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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 15aNo

Programs and updates

Promotes economic growth and development through partnerships, advocacy, and education.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

The continuation of marketing and promoting business development, job creation and retention in the antelope valley by the way of following:-annual business outlook conference, numbering 500+ persons ATTENDING.-PREPARATION and publishing of the annual round table REPORT.-THE commission and launch of a new website as well as social media…

Pt IX · 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 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$468K
Ln 12
Fees for servicesLn 2g$468K
Money outPt IX
$557K
Ln 25
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$201K
Total assetsLn 16$201K
LiabilitiesLn 26$24K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$468K
Gains on assetsLn 7$0
Total revenueLn 12$468K
Assets in detailPt X, end of year
CashLn 1$201K
SavingsLn 2$0
Cash and savings togetherLn 1–2$201K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$201K
LiabilitiesLn 26$24K
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$290K$201K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$290K$201K
LiabilitiesLn 26$24K$24K
Net assetsLn 32$266K$176K
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$118K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$58K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$8K
Management feesLn 11a$0
Legal feesLn 11b$220
Accounting feesLn 11c$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$852
Advertising and promotionLn 12$60K
Office expensesLn 13$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$229K
All other expensesLn 24e$60K
Total functional expensesLn 25$557K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$780K$245K$438K 990 PDF
FY2024 $666K$650K$17K$193K 990 PDF
FY2023 Viewing $468K$557K−$89K$176K 990 PDF
FY2022 $496K$530K−$34K$266K 990 PDF
FY2021 $456K$327K$129K$346K 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 O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $468,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,000$0
I-9 Program service revenuePrior year $406,111$468,129
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $496,111$468,129
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $186,045$183,062
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $344,295$374,339
I-18 Total expensesPrior year $530,340$557,401
I-19 Revenue less expensesPrior year −$34,229−$89,272
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $468,129 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $468,129$468,129
VIII-3 Investment income$0
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 $468,129$468,129
Part IX · Statement of functional expenses $557,401 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 staff$117,598
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$57,751
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$7,713
IX-11a Management fees$0
IX-11b Legal fees$220
IX-11c Accounting fees$1,331
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$852
IX-12 Advertising and promotion$60,475
IX-13 Office expenses$2,625
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$4,381
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$15,704
IX-24 Other expenses (24a–d)$228,849
IX-24e All other expenses$59,902
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$557,401
Part X · Balance sheet $200,819 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $290,091$200,819
X-2 Savings and temporary cash investments$0
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 assets$0
X-16 Total assetsStart of year $290,091$200,819
X-25 Other liabilitiesStart of year $24,352$24,352
X-26 Total liabilitiesStart of year $24,352$24,352
X-27 Net assets without donor restrictionsStart of year $265,739$176,467
X-32 Total net assets or fund balancesStart of year $265,739$176,467
X-33 Total liabilities and net assetsStart of year $290,091$200,819
Part XI · Reconciliation of net assets $176,467 net assets at year end
XI-1 Total revenue$468,129
XI-2 Total expenses$557,401
XI-3 Revenue less expenses−$89,272
XI-4 Net assets at start of year$265,739
XI-10 Net assets at end of year$176,467

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

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