Nonprofit · EIN 86-0542973
ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION
Tax-exempt · SIERRA VISTA, AZ 85635
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $787,293 | $1,157,307 | -$370,014 | $5,336,525 | $683,578 | $4,652,947 |
| June 30, 2024 | 990 | $907,354 | $1,260,738 | -$353,384 | $5,772,460 | $774,339 | $4,998,121 |
| June 30, 2023 | 990 | $690,328 | $1,042,913 | -$352,585 | $6,314,300 | $1,067,781 | $5,246,519 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $169,837
- of which government grants
- $169,837
- Program service revenue
- $565,352
- Investment income
- $44,299
- Other revenue
- $7,805
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,709
- Other salaries and wages
- $217,238
- Salaries, compensation and benefits (total)
- $391,422
- Professional fundraising fees
- $0
- Accounting fees
- $2,100
- Occupancy
- $279,417
- Travel
- $16,983
- Depreciation
- $217,858
- Program services (functional)
- $910,579
- Management and general (functional)
- $174,039
- Fundraising (functional)
- $72,689
Balance sheet and other
- Total assets, start of year
- $5,772,460
- Total assets, end of year
- $5,336,525
- Total liabilities, end of year
- $683,578
- Net assets, end of year
- $4,652,947
- Land, buildings and equipment
- $4,498,503
- Publicly traded securities
- $771,348
- Net assets without donor restrictions
- $4,652,947
- Gross receipts
- $787,293
- Employees
- 3
- Volunteers
- 7
- Year formed
- 1985
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIGNONNE HOLLIS | EXECUTIVE DIRECTOR Officer | 40 | $130,320 | $4,404 |
| STEPHANIE REED | BRE DIRECTOR Officer | 40 | $94,494 | $11,970 |
| SARAH PACHECO | ECONOMIC DEV DIRECTOR Officer | 40 | $104,998 | $0 |
| GARY HAYMORE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DR CRAIG WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DANIEL MOSIER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN CHARLEY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| NANCY HEISER | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| PAUL MELO | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| SHEILA DEVOE HEIDMAN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| GAYLE BERRY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RALPH ROBLES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIGNONNE HOLLIS | EXECUTIVE DIRECTOR Officer | 40 | $130,320 | $0 |
| STEPHANIE REED | BRE DIRECTOR Officer | 40 | $94,494 | $11,970 |
| SARAH PACHECO | ECONOMIC DEV DIRECTOR Officer | 40 | $104,998 | $0 |
| GARY HAYMORE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DR CRAIG WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RON CURTIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN CHARLEY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| NANCY HEISER | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| PAUL MELO | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SHEILA HEIDMAN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| KIRBY CHAPMAN | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIGNONNE HOLLIS | EXECUTIVE DIRECTOR Officer | 40 | $120,819 |
| STEPHANIE REED | BRE DIRECTOR Officer | 40 | $65,000 |
| GARY HAYMORE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DR BRIANNA HILLIER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DR CRAIG WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RON CURTIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN CHARLEY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NANCY HEISER | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| PAUL MELO | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| SHEILA HEIDMAN | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KIRBY CHAPMAN | TREASURER Trustee or director, Officer | 0.75 | $0 |
Address and contacts
- Address (IRS master file)
- 750 E BARTOW DRIVE, SIERRA VISTA, AZ 85635-1827
- In care of
- % MIGNONNE HOLLIS
- Principal officer (990 for 2024)
- MIGNONNE HOLLIS, 750 E Bartow Dr, Sierra Vista, AZ 85635
- Signed the 990
- MIGNONNE HOLLIS, EXECUTIVE DIRECTOR
- Website
- www.aredf.org
- Return prepared by
- Darin Guthrie CPAPLLC
Mission
Preservation and strengthening of the regional economy through initiatives focused on industry recruitment, expansion and development. The mission is accomplished by providing consulting services, promotion of special events, and leasing of commercial facilities.
Program accomplishments
- See Schedule OExpenses $910,579
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0542973
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $5,336,525
- Income (IRS master file)
- $787,293
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $787,293 | $1,157,307 | $5,336,525 | XML |
| 990 | June 2024 | $907,354 | $1,260,738 | $5,772,460 | IRS |
| 990 | June 2023 | $690,328 | $1,042,913 | $6,314,300 | XML |
| 990 | June 2022 | $808,902 | $812,265 | $6,683,944 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0542973).
Questions about ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION is 86-0542973.
- Is ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 names MIGNONNE HOLLIS.
- Who are the officers and directors of ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $130,320 (MIGNONNE HOLLIS, EXECUTIVE DIRECTOR).
- How much revenue does ARIZONA REGIONAL ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $787,293, expenses of $1,157,307 and total assets of $5,336,525 at year end.
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