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Nonprofiteer
← GREATER YUMA ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by GREATER YUMA ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$936,020
Total expenses
$945,827
Contributions and grants received
$870,787
Grants paid
$0
Program service revenue
$0
Investment income
$7,481
Other revenue
$57,752
Total assets, end of year
$492,809
Total liabilities, end of year
$73,045
Net assets or fund balances, end of year
$419,764
Program services expenses (Part IX)
$795,388
Management and general expenses
$150,439
Fundraising expenses
$0
Program service expenses (Part III)
$795,388

Program services were 84.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $763,866

  • 1e · Government grants (contributions)

    $106,921

  • 3 · Investment income

    total $7,481 · unrelated business $7,481

  • 11a · Other revenue: MISCELLANEOUS

    total $57,752 · related or exempt $57,752

  • 11e · Other revenue, total

    $57,752

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,981 · program services $126,981

  • 7 · Other salaries and wages

    total $319,734 · program services $255,787 · management and general $63,947

  • 8 · Pension plan contributions

    total $8,492 · program services $6,794 · management and general $1,698

  • 9 · Other employee benefits

    total $4,218 · program services $3,374 · management and general $844

  • 10 · Payroll taxes

    total $36,753 · program services $29,402 · management and general $7,351

  • 11b · Fees: legal

    total $21,890 · program services $17,512 · management and general $4,378

  • 11c · Fees: accounting

    total $55,063 · program services $44,050 · management and general $11,013

  • 12 · Advertising and promotion

    total $58,346 · program services $58,346

  • 13 · Office expenses

    total $18,927 · program services $15,142 · management and general $3,785

  • 17 · Travel

    total $2,352 · program services $2,352

  • 19 · Conferences, conventions and meetings

    total $55,297 · program services $44,238 · management and general $11,059

  • 22 · Depreciation, depletion and amortization

    total $2,788 · program services $2,230 · management and general $558

  • 23 · Insurance

    total $5,604 · management and general $5,604

  • 24a · Other expenses: SPACE PORT EXPENSE

    total $66,560 · program services $53,248 · management and general $13,312

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $65,880 · program services $52,704 · management and general $13,176

  • 24c · Other expenses: GRANT RELATED EXPENSES

    total $65,654 · program services $52,523 · management and general $13,131

  • 24d · Other expenses: INVESTOR EXPENSES

    total $28,370 · program services $28,370

  • 24e · All other expenses

    total $2,918 · program services $2,335 · management and general $583

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $515,231 · end of year $488,602

  • 4 · Accounts receivable

    beginning of year $12,112 · end of year $3,000

  • 10a · Land, buildings and equipment: cost or other basis

    $166,111

  • 10b · Land, buildings and equipment: accumulated depreciation

    $164,904

  • 10c · Land, buildings and equipment, net

    beginning of year $3,995 · end of year $1,207

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,934 · end of year $19,212

  • 19 · Deferred revenue

    beginning of year $71,833 · end of year $53,833

  • 27 · Net assets without donor restrictions

    beginning of year $429,571 · end of year $419,764

Mission and programs · 2024

Mission

TO EXPAND ECONOMIC ACTIVITY WITHIN YUMA COUNTY BY ATTRACTING COMMERCE AND INDUSTRY TO THE REGION AND BY ASSISTING IN DEVELOPING THE REGION'S EXISTING INDUSTRY TO ITS FULLEST POTENTIAL.

  • PROMOTE AND STRENGTHEN REGIONAL ECONOMIC DEVELOPMENT, SUPPORT A STRONG BUSINESS CLIMATE, AND ASSIST NEW COMPANIES IN RELOCATING TO THE AREA.

    Expenses $795,388 · Revenue $57,752

As filed on the 2024 return.

Listed in Part VII

  • ELIZABETH CARPENTER

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • REETIKA DHAWAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR TANYA HODGES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARY MAGRINO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICARDO PEREZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CURTIS PRIEST

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOM TYREE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GERARDO ANAYA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEJANDRO FIGUEROA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY ELLEN FINCH

    EX-OFFICIO MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN LINES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS MORRIS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS NICHOLLS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARTIN PORCHAS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ESTEBAN ROSALES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK SCHAUER

    EX-OFFICIO MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY SIMONTON

    EX-OFFICIO MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSH FINKBEINER

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • SALVADOR MACHADO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL BAZUA

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    1

  • GREGORY LAVANN

    PRESIDENT & CEO

    Total calculated
    $126,981
    From this org
    $126,981
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202533109349304323

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