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Coachella Valley Economic Partnership

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330642485 ✦ Palm springs, CA ✦ Designated as a 501(c)(3)

Overview

What is Coachella Valley Economic Partnership?

Coachella Valley Economic Partnership (CVEP) is a nonprofit organization situated in Palm Springs, California. Their primary mission is to foster economic development within the Coachella Valley region. This is accomplished through educational programs and marketing efforts to attract businesses, bringing together various partners such as local businesses, city governments, tribal governments, and regional organizations. One of CVEP's notable projects is the Palm Springs Innovation Hub (IHub), a state-designated business incubator funded by the City of Palm Springs and Wells Fargo. The IHub focuses on early-stage businesses in fields like renewable energy, health and medicine, and digital technology. Additionally, CVEP supports innovators and entrepreneurs at various stages of business development, managing the IHub, the Business Services Center, and organizing professional training events. With a workforce of 6 employees, CVEP plays a vital role in the growth and prosperity of the Coachella Valley's year-round economy.


Official website here: www.cvep.com

Is Coachella Valley Economic Partnership legitimate?

Coachella Valley Economic Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coachella Valley Economic Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $559,675

For more financial information, click here


Official website here: www.cvep.com

What is the mission statement of Coachella Valley Economic Partnership?

The Coachella Valley Economic Partnership's mission is centered around fostering economic development in its region. This is achieved by serving innovators and entrepreneurs at various stages of their business ventures, from incubation to daily operations. The organization manages resources such as the Palm Springs iHub and provides a schedule of professional training events. To promote economic growth, CVEP brings together regional partners, including businesses, local governments, and tourism boards, to create a conducive environment for year-round business prosperity. The Palm Springs Innovation Hub, a business incubator managed by CVEP, focuses on early-stage businesses in sectors like renewable energy, healthcare, and digital technology, offering programs to mitigate startup risks and enhance growth prospects.


Official website here: www.cvep.com

Who is the CEO of Coachella Valley Economic Partnership?

Joe Wallace is the Chair of Coachella Valley Economic Partnership.


Official website here: www.cvep.com

What is the revenue of Coachella Valley Economic Partnership?

Coachella Valley Economic Partnership's revenue in 2022 was $1,129,303.


Official website here: www.cvep.com

Who are the executives of Coachella Valley Economic Partnership and what are their salaries?

The average compensation at Coachella Valley Economic Partnership during 2022 was $93,279. There are 6 employees at Coachella Valley Economic Partnership.

Here are 5 key members and their salaries:

    Jan Harnik (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Hooks (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Axelrod (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel Kinnamon (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Mcgarrey (Member At Large) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cvep.com

    Where can I find the form 990 for Coachella Valley Economic Partnership?

    The Coachella Valley Economic Partnership’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cvep.com

    Learn more at the official website: www.cvep.com

    Mission Statement of Coachella Valley Economic Partnership

    Coachella Valley Economic Partnership (CVEP) is dedicated to fostering economic development within the Coachella Valley region. The organization serves as a catalyst for innovators and entrepreneurs at various stages of business development, from incubation to launch to daily operations. CVEP manages the Palm Springs iHub, a business services center, and organizes a robust schedule of professional training events.

    At the heart of CVEP's mission is the belief that education and marketing are key to attracting businesses to the region. By bringing together the Coachella Valley's partners, including businesses of all sizes, local governments, tribal governments, and the Greater Palm Springs Convention & Visitors Bureau, CVEP aims to create a thriving year-round economy. One of the ways they achieve this is through the Palm Springs Innovation Hub (iHub), 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, offering resources to mitigate risks and increase the probability of success.

    In summary, Coachella Valley Economic Partnership is an organization that is committed to boosting the economic growth of the Coachella Valley. They achieve this by providing education, marketing, and resources to businesses at different stages of development, while also collaborating with various partners to create a conducive environment for year-round prosperity.

    Impact

    This information is meant to be a general summary of Coachella Valley Economic Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Coachella Valley Economic Partnership fosters economic development in the Coachella Valley through educational programs and marketing efforts to attract businesses. By bringing together stakeholders such as businesses of all sizes, cities, unincorporated areas, tribal governments, regional governments, and the Greater Palm Springs Convention & Visitors Bureau, CVEP works to make the region a better place to prosper in a year-round economy. Additionally, the Palm Springs Innovation Hub, managed by CVEP, serves as a state-designated business incubator focusing on early-stage businesses in renewable energy, health and medicine, and digital technology. The Innovation Hub also includes the Palm Springs Accelerator Campus to support startups in mitigating risks and increasing their chances of success and growth in the future. CVEP's mission is to serve innovators and entrepreneurs at every stage of business, from incubation to daily operation, by providing valuable resources and organizing professional training events.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $443,262
  • Gross Receipts: $1,129,303

    • Assets and Liabilities:
  • Total Assets: $638,398
  • Total Liabilities: $584,617
  • Net Assets: $53,781
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $195,762

    MANGEMENT INCOME

    Revenue

    $175,000

    SUMMIT INCOME

    Revenue

    $72,500

    Organization Details

    Founding Year

    1994

    Principal Officer

    Joe Wallace

    Main Address

    3111 E TAHQUITZ CANYON WAY, PALM SPRINGS, CA, 92262

    NTEE Category

    Code: S31 - Community improvement

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