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Nonprofiteer
← GREATER COLUMBUS ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by GREATER COLUMBUS ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$497,995
Total expenses
$490,250
Contributions and grants received
$325,090
Grants paid
$0
Program service revenue
$146,570
Investment income
$10,235
Other revenue
$16,100
Total assets, end of year
$504,298
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$504,298
Program services expenses (Part IX)
$382,369
Management and general expenses
$107,881
Fundraising expenses
$0
Program service expenses (Part III)
$382,369

Program services were 78.0% 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

    $325,090

  • 2a · Program service revenue: CONSULTING INCOME

    total $129,500 · related or exempt $129,500

  • 2b · Program service revenue: ANNUAL MEETING

    total $14,092 · related or exempt $14,092

  • 2c · Program service revenue: REIMBURSEMENTS

    total $2,978 · related or exempt $2,978

  • 3 · Investment income

    total $10,235 · excluded $10,235

  • 11a · Other revenue: OTHER INCOME

    total $16,100 · related or exempt $16,100

  • 11e · Other revenue, total

    $16,100

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $148,938 · program services $116,172 · management and general $32,766

  • 7 · Other salaries and wages

    total $97,068 · program services $75,713 · management and general $21,355

  • 9 · Other employee benefits

    total $46,568 · program services $36,761 · management and general $9,807

  • 10 · Payroll taxes

    total $28,374 · program services $22,132 · management and general $6,242

  • 11b · Fees: legal

    total $600 · management and general $600

  • 11c · Fees: accounting

    total $9,930 · management and general $9,930

  • 12 · Advertising and promotion

    total $46,500 · program services $46,500

  • 13 · Office expenses

    total $7,596 · program services $3,833 · management and general $3,763

  • 16 · Occupancy

    total $53 · program services $42 · management and general $11

  • 17 · Travel

    total $48,421 · program services $46,968 · management and general $1,453

  • 19 · Conferences, conventions and meetings

    total $14,639 · program services $9,808 · management and general $4,831

  • 22 · Depreciation, depletion and amortization

    total $4,536 · program services $3,629 · management and general $907

  • 23 · Insurance

    total $3,123 · program services $2,498 · management and general $625

  • 24a · Other expenses: SPECIAL PROJECTS

    total $15,315 · program services $15,315

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,241 · management and general $14,241

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $4,283 · program services $2,998 · management and general $1,285

  • 24d · Other expenses: CREDIT LOSS EXPENSE

    total $65 · program services $0 · management and general $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,930 · end of year $429,976

  • 2 · Savings and temporary cash investments

    beginning of year $120,323 · end of year $41,465

  • 4 · Accounts receivable

    beginning of year $83,537 · end of year $16,530

  • 7 · Other notes and loans receivable

    beginning of year $3,900 · end of year $0

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

    $23,541

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

    $7,214

  • 10c · Land, buildings and equipment, net

    beginning of year $863 · end of year $16,327

  • 14 · Intangible assets

    beginning of year $10,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $496,553 · end of year $504,298

Mission and programs · 2023

Mission

TO BUILD A WORLD-CLASS COMMUNITY BY ENHANCING THE QUALITY OF LIFE, ECONOMIC OPPORTUNITY AND PERSONAL WELL-BEING OF OUR CITIZENS.

  • ADMINISTRATIVE AND MARKETING SERVICES FOR THE RECRUITMENT OF NEW BUSINESSES: EDC WORKS AND ACTS AS THE COORDINATOR OF NEW BUSINESS RECRUITMENT ACTIVITIES FOR THE COMMUNITIES OF BARTHOLOMEW COUNTY, INDIANA. THESE ACTIVITIES INCLUDE ACTIVELY MARKETING AND SEEKING NEW BUSINESSES TO LOCATE IN COLUMBUS, EDINBURGH, AND THE OTHER COMMUNITIES OF BARTHOLOMEW COUNTY, AND PROVIDING SITE LOCATION AND ECONOMIC DEVELOPMENT SERVICES AND ACTIVITIES TO THOSE POTENTIAL NEW BUSINESSES.

    Expenses $294,425 · Revenue $125,256

  • ADMINISTRATIVE AND MARKETING SERVICES FOR THE RETENTION AND EXPANSION OF EXISTING PRIMARY BUSINESSES: EDC WORKS AND ACTS AS THE COORDINATOR OF EXISTING BUSINESS RETENTION AND EXPANSION ACTIVITIES FOR THE COMMUNITIES OF BARTHOLOMEW COUNTY, INDIANA. THESE ACTIVITIES INCLUDE ACTIVELY MEETING ONEONONE WITH EXISTING PRIMARY BUSINESSES AND ENCOURAGING BUSINESS RETENTION BY IDENTIFYING AND ADDRESSING ANY IMPEDIMENTS TO INDIVIDUAL BUSINESS OPERATIONS OR BUSINESS NEEDS. SERVICES ALSO INCLDUE ALL NECESSARY ACTIVITIES RELATED TO BUSINESS EXPANSION INCLUDING, BUT NOT LIMITED TO, IDENTIFYING, ASSEMBLING, AND SUBMITTING APPLICABLE EXPANSION SPACE, SECURING STATE AND LOCAL INCENTIVE PACKAGES, AND OVERSEEING THE ENTIRE PROCESS.

    Expenses $43,972 · Revenue $18,707

  • INFRASTRUCTURE DEVELOPMENT: EDC WORKS IN A SUPPORTING ROLE TO LOCAL GOVERNMENT TO IDENTIFY NEEDED IMPROVEMENTS, EXPANSIONS, OR NEW INVESTMENTS WITH RESPECT TO ROAD ACCESS, WATER AND SEWER PROJECTS, AND OTHER PROJECTS DEEMED NECESSARY TO SUPPORT EXISTING AND NEW PROSPECTIVE BUSINESSES IN THE COMMUNITY. THIS INCLUDES, BUT IS NOT LIMITED TO, IDENTIFYING RELEVANT PROPERTY FOR ECONOMIC DEVELOPMENT PURPOSES INCLUDING BUSINESS RETENTION, EXPANSION, AND ATTRACTION PROJECTS, AND ADVISING RELEVANT PUBLIC AND PRIVATESECTOR STAKEHOLDERS ON NECESSARY DEVELOPMENT ISSUES.

    Expenses $43,972 · Revenue $18,707

As filed on the 2023 return.

Listed in Part VII

  • Jason Hester

    PRESIDENT

    Total calculated
    $148,938
    From this org
    $148,938
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Julie Abedian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Scott Ballard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Chiado

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Richard Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brad Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mike Dewitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Doup

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kylie Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tara James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rick Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Larry Kleinhenz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Lienhoop

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Logston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Shen Macheel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin McGinnis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Courtney Metzger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Amanda Meza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Frank Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tony Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Scott Newlund

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Zachary Pavlik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Quick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Buck Ritz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katie Sackett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Sadtler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeanine Scheidler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nick Seger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Zike

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Steven Combs

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cindy Frey

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Reinhold Hill

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Nancy Lollar

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kathy Oren

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian Payne

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr Jim Roberts

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tracy Souza

    SPECIAL BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Miranda Fox

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Tom Dowd

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Brittany Diebolt

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Nolting

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349307324

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