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PARTNERSHIP FOR ECONOMIC DEVELOPMENT
LAKE HAVASU CITY, AZ · EIN 860833573 · Form 990 · FY2020 · NTEE S41 · Community Improvement · Small ($100K-$1M) · lakehavasu.org
revenue
$620K
expenses
$472K
net assets
$4.5M
employees
3
program ratio
85%
mission · from form 990

EDUCATE THE PUBLIC AND PROMOTE ECONOMIC DEVELOPMENT

profile · synthesized from sources

Partnership for Economic Development (PED) is a nonprofit organization focused on fostering economic growth in Lake Havasu City, Arizona. It supports entrepreneurs, small businesses, and corporate development through various initiatives, including coworking spaces, community events, and business expansion projects.

named programs · 5 · from sources

what they call their work

Color Block
Brings curated public art murals to enhance the aesthetic appeal of the community and foster local pride.
First Friday
A monthly event showcasing local artisans, merchants, and pop-up boutiques to foster community engagement and support local businesses.
Nomadic
Lake Havasu City's premier coworking space designed to support entrepreneurs, freelancers, and remote workers with modern amenities.
Open Together
A community campaign that supported local establishments during the initial months of Covid by providing assistance and resources.
Start-Up School
Empowers aspiring entrepreneurs by providing essential resources, mentorship, and practical training for business development.
activities · 9 groups

what they do

  • Downtown Façade Improvement & Event Programming 5 activities
    • Community Development and Revitalization
      Engages in community planning and revitalization efforts, including facilitating high-speed fiber internet, developing a downtown event center, assisting in the development of a community health center, and creating an opportunity fund to rescue financially distressed properties.
    • Community Development and Revitalization
      Engages in community planning and revitalization efforts, including developing a downtown event center, facilitating high-speed fiber internet, creating an opportunity fund for distressed properties, and assisting in the development of a community health center.
    • Community Development and Revitalization
      Engages in community planning and revitalization efforts, including developing a downtown event center, facilitating high-speed internet infrastructure, creating an opportunity fund for distressed properties, and assisting in the development of community health centers.
    • Community Development and Revitalization
      Facilitates community planning and revitalization efforts, including developing a downtown event center, assisting in the development of a community health center, and creating an opportunity fund to rescue financially distressed properties.
    • Community Development and Revitalization
      Engages in community planning and revitalization efforts, including developing a downtown event center, facilitating high-speed internet infrastructure, creating opportunity funds for distressed properties, and assisting in the development of community health centers.
  • Monthly Artisan & Vintage Market Events 5 activities
    • Community Event Organization
      Organizes "First Fridays" events from September through May in Downtown Lake Havasu, featuring local artisans, makers, and pop-up boutiques.
    • Community Event Organization
      Organizes monthly "First Fridays" events in Downtown Lake Havasu to showcase local artisans, makers, and pop-up boutiques.
    • Community Event Organization
      Organizes "First Fridays" events from September through May in Downtown Lake Havasu, featuring local artisans, makers, and pop-up boutiques.
    • Community Event Organization
      Organizes "First Fridays" events from September through May in Downtown Lake Havasu, showcasing local artisans, makers, and pop-up boutiques.
    • Organize "First Fridays" events
      Organizes "First Fridays" events from September through May in Downtown Lake Havasu, featuring local artisans, makers, and pop-up boutiques in an Artist & Vintage Village along McCulloch Boulevard.
  • Regional Economic Development Incentives 5 activities
    • Offer incentives
      Offers incentives to businesses.
    • Support for Business Expansion and Relocation
      Provides resources, site selection services, and incentives to businesses looking to expand, relocate, or scale operations in Arizona, including assistance with property rezoning for manufacturing facilities.
    • Support for Business Expansion and Relocation
      Provides resources, site selection services, and incentives to businesses looking to expand, relocate, or scale operations in Arizona, including assistance with property rezoning for manufacturing facilities.
    • Support for Business Expansion and Relocation
      Provides resources, site selection services, and incentives to businesses looking to expand, relocate, or scale operations in Arizona, including assistance with property rezoning for manufacturing facilities.
    • Workforce training and business expansion support
      Supports workforce training initiatives and provides resources for businesses to expand, relocate, or scale operations in Arizona.
  • Community Innovation Hubs with Co-Working Spaces 4 activities
    • Operate coworking space
      Operates Nomadic, a 9,100 sqft coworking space in Lake Havasu City.
    • Operation of Coworking Space
      Operates Nomadic, a 9,100 sqft coworking space in Lake Havasu City, to support entrepreneurs and remote workers.
    • Operation of Coworking Space
      Operates Nomadic, a 9,100 sqft coworking space in Lake Havasu City, to support entrepreneurs and remote workers.
    • Operation of Coworking Space
      Operates Nomadic, a 9,100 sqft coworking space in Lake Havasu City, to support entrepreneurs and remote workers.
  • Retail Incubator and Entrepreneurship Boot Camp 3 activities
    • Entrepreneurial Support and Training
      Operates Start-Up School to provide resources and mentorship for aspiring entrepreneurs.
    • Entrepreneurial Support and Training
      Operates Start-Up School to provide resources and mentorship for aspiring entrepreneurs.
    • Entrepreneurial Training and Mentorship
      Operates Start-Up School to provide resources and mentorship for aspiring entrepreneurs.
  • Public-Private Infrastructure Development 1 activity
    • Infrastructure Development Facilitation
      Facilitated the introduction of key stakeholders to bring high-speed fiber internet to Lake Havasu City.
  • Small Business Technical Assistance & Counseling 1 activity
    • Provide development services
      Provides development services.
  • Site Selection and Business Location Support 1 activity
    • Provide site selection services
      Provides site selection services for businesses.
  • Uncategorized 5 activities
    • Advocacy for Economic Development Programs
      Supports the Opportunity Zones program to drive long-term investment in economically distressed areas in Arizona.
    • Advocacy for Opportunity Zones
      Supports the Opportunity Zones program to drive long-term investment in economically distressed areas in Arizona.
    • Advocacy for Opportunity Zones
      Supports the Opportunity Zones program to drive long-term investment in economically distressed areas in Arizona.
    • Advocacy for Opportunity Zones
      Supports the Opportunity Zones program to drive long-term investment in economically distressed areas in Arizona.
    • Support Opportunity Zones program
      Supports the Opportunity Zones program to drive long-term investment in economically distressed areas in Arizona.
financials · form 990 · fy2020
revenue
Total revenue$620K
Contributions & grants$96K16%
Program service revenue$517K83%
Investment income$7K1%
Other revenue$0
expenses
Total expenses$472K
Program expenses85%
Admin / overhead15%
Fundraising0%
Salaries & benefits$266K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$4.50M
Cash$3.57M
Investments$0
Liabilities$24K
Net assets$4.48M
Liquid reserves90.6 mo
2 years on record · 2019–2020 · YoY revenue -14.8%
leadership · form 990 part vii · fy2020

who runs it

board members · 10
  • JAMES GRAY — President & CEO
  • LISA VAN ELLA — Director
  • LUKE STILL — Vice Chairman
  • LYNNE PETERSON — Director
  • MARK DURHAM — Director
  • MATT KROSS — Director
  • MICHAEL PATERSON — Chairman
  • NANCY CAMPBELL — Director
  • RALPH TAPSCOTT — Secretary
  • REBECCA STONE — Director
relationships · 13

who they work with

  • Arizona Commerce Authority Partner — Collaborates to support Opportunity Zones and business incentives in Arizona.
  • BETTER BUSINESS BUREAU Pacific Southwest Region Partner — Listed as a community resource providing marketplace assistance, accreditation, and business accountability.
  • Community Health Development Partners Partner — Partnering to develop the Lake Havasu Community Health Center.
  • FalconEye Ventures Partner — Developing a ~90-acre, $24 million mixed-use resort project on The Island.
  • Frito-Lay Partner — Worked with Frito-Lay to create a new distribution facility in Lake Havasu City.
  • GO LAKE HAVASU Partner — Listed as a community resource providing tourism bureau services, event calendars, and information on attractions.
  • HAVASU AREA CHAMBER OF COMMERCE Partner — Listed as a community resource providing B2B services, industry resources, mixers, and promotion.
  • LAKE HAVASU CITY Partner — Listed as a community resource providing municipal services, business licenses, and code enforcement.
  • LAKE HAVASU UNIFIED SCHOOL DISTRICT #1 Partner — Listed as a community resource providing education, internships, and workforce training.
  • MOHAVE COMMUNITY COLLEGE Partner — Listed as a community resource providing higher education, corporate training, internships, and workforce development.
  • MOHAVE COUNTY ECONOMIC DEVELOPMENT Partner — Listed as a community resource providing regional development, governmental affairs, and county-wide licensing.
  • PMG Manufacturing Inc. Partner — Assisted with the expansion and property rezone for NugSmasher operations.
  • Romer Beverage Partner — Facilitated the expansion of Romer Beverage's distribution center in Lake Havasu City.