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Partnership for Economic Innovation
Partnership for Economic Innovation reported $17.9 million in revenue and $17.5 million in expenses for calendar year 2022. Of every $100 it spent, $97.50 went to program services, $2.50 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.2% of the total. The highest compensation it reported for one person was $157,807 (DIRECTOR - PIPELINE AZ). 2 people received more than $100,000 in reportable compensation. Revenue rose 659% between 2019 and 2022. Source: Form 990, 2022.
Where $100 of spending went
Calendar year 2022 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2022 · Form 990, Part VIII · total revenue $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2022 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.5% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.5% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 16.4% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 83.2% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $157,807 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.90% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 2 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.2 | 9.2 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2022 · Form 990, Part III · the three largest programs by expenseThe workforce pipeline development program focuses on the development and support of a talent optimization site that utilizes innovative technologies and analytics to better connect the region's workforce development ecosystem which is comprised of employers, educational and training institutions, non-profits and job seekers
The connective program: through a community-driven applied research model and collaboration, our consortium of public, private, university, and community partners seek to empower greater phoenix communities to build the nation's largest, most connected, smart region, developing and deploying technology scalable solutions rooted in connectivity, mobility, equity, and sustainability
The applied research program supports public and private-sector investments in industry-led, self-sustaining applied research centers to promote the growth of innovative industries and well-paying jobs
Highest reported compensation
2022 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR - PIPELINE AZ Highest compensated employee, 40.00 hrs/week | $144,807 | $0 | $13,000 | $157,807 |
| DIRECTOR - WORKFORCE STRAT Highest compensated employee, 40.00 hrs/week | $137,665 | $0 | $12,700 | $150,365 |
| EXECUTIVE DIRECTOR Director/trustee, officer, 40.00 hrs/week | $88,944 | $0 | $3,600 | $92,544 |
2 people received more than $100,000 in reportable compensation from Partnership for Economic Innovation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $401K (Part IX, line 5).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2022 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 511
- Volunteers Part I, line 610
Largest outside contractors
2022 · Form 990, Part VII, Section B · businesses only| FUTURES INC Consulting | $1,131,125 |
| OH STRATEGY COMMUNICATIONS Public relations services | $156,000 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Partnership for Economic Innovation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Partnership for Economic Innovation, you can publish a response that is linked from this page.
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Of every $100 Partnership for Economic Innovation spent in 2022, $97.50 went to programs. The full breakdown, from its IRS Form 990:
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All community improvement & capacity building charities · Largest charities in Arizona
Questions people ask
How much of Partnership for Economic Innovation's spending goes to programs?
In calendar year 2022, Partnership for Economic Innovation reported that 97.5% of its $17.5 million in expenses went to program services, 2.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Partnership for Economic Innovation pay its top executive?
The largest total compensation Partnership for Economic Innovation reported for one person in calendar year 2022 was $157,807, for the role of DIRECTOR - PIPELINE AZ (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Partnership for Economic Innovation get its money?
Of $17.9 million in revenue in calendar year 2022, 16.4% came from contributions and grants and 83.2% from program service revenue (Form 990, Part VIII).
Is Partnership for Economic Innovation a registered charity?
The IRS lists EIN 47-4623504 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2022: Form 990 for calendar year 2022, object 202303199349321970 · read the filing · XML
- 2021: Form 990 for calendar year 2021, object 202213199349319631 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349325560 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349319909 · read the filing
All filings for EIN 47-4623504: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.