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← GEORGIA CORPORATION FOR ECONOMIC DEVELOPMENT

Form 990 for tax year 2022

Filed by GEORGIA CORPORATION FOR ECONOMIC DEVELOPMENT.

Totals

Total revenue
$1,762,258
Total expenses
$1,856,487
Contributions and grants received
$1,717,000
Grants paid
$229,250
Program service revenue
$0
Investment income
$36,256
Other revenue
$9,002
Total assets, end of year
$3,697,760
Total liabilities, end of year
$51,617
Net assets or fund balances, end of year
$3,646,143
Program services expenses (Part IX)
$1,818,975
Management and general expenses
$37,512
Fundraising expenses
$0
Program service expenses (Part III)
$1,818,975

Program services were 98.0% 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

    $1,000,000

  • 1e · Government grants (contributions)

    $650,000

  • 1f · All other contributions, gifts and grants

    $67,000

  • 3 · Investment income

    total $36,256 · excluded $36,256

  • 11a · Other revenue: REBATE REVENUE

    total $9,002 · excluded $9,002

  • 11e · Other revenue, total

    $9,002

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $229,250 · program services $229,250

  • 11c · Fees: accounting

    total $32,100 · management and general $32,100

  • 11g · Fees: other

    total $195,179 · program services $195,179

  • 12 · Advertising and promotion

    total $70,017 · program services $70,017

  • 13 · Office expenses

    total $4,375 · program services $2,775 · management and general $1,600

  • 17 · Travel

    total $881,688 · program services $881,688

  • 19 · Conferences, conventions and meetings

    total $3,039 · program services $147 · management and general $2,892

  • 23 · Insurance

    total $2,962 · program services $2,042 · management and general $920

  • 24a · Other expenses: EVENT FOOD AND BEVERAGE

    total $230,500 · program services $230,500

  • 24b · Other expenses: EVENT ENTERTAINMENT

    total $207,377 · program services $207,377

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,828,619 · end of year -$319,420

  • 2 · Savings and temporary cash investments

    beginning of year $509,275 · end of year $3,707,020

  • 4 · Accounts receivable

    beginning of year $110,000 · end of year $9,890

  • 9 · Prepaid expenses and deferred charges

    beginning of year $192,736 · end of year $300,270

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,258 · end of year $1,617

  • 19 · Deferred revenue

    beginning of year $850,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,740,372 · end of year $3,646,143

Mission and programs · 2022

Mission

ASSIST IN GEORGIA ECONOMIC DEVELOPMENT.

  • ASSIST IN THE PREPARATION OF A STATE ECONOMIC DEVELOPMENT PLAN AND STRATEGY TO HELP THE STATE OF GEORGIA'S DEPARTMENT OF ECONOMIC DEVELOPMENT, AND OTHER PROGRAMS OF ECONOMIC DEVELOPMENT.

    Expenses $1,818,975 · Grants $229,250

As filed on the 2022 return.

Listed in Part VII

  • Kristi Brigman

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    1
  • Aubrey Brown

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Jeff Buzzelli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Morgan B Law Cecd

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Craig Camuso

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Peter W Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Pedro Cherry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chris Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Justin Clay

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Gretchen Corbin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nick D'Andrea

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Daryl Ingram

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • David A Smith

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Jeff Davidman

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Bob Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dennis L Chastain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mike Donnelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Walt Farrell

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Venessa Harrison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ryan Heffern

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Jaime Hockin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joe W Rogers III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Houston Bass IV

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Jb Landroche

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • James E Fuller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rich Johnson

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Fatimot Ladipo

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Laura Lane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rob Legge

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Frank Martire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Virgil Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mike Mitchell

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Pat B Merritt

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Tracy Pitcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joanna Price

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michelle Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katie Saez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Julie C Smith

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Kathleen Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Malcom P Smith

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • Bud Whitmire

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • W Cofield Widner

    WORKING PART

    Total calculated
    $0
    Hours/week
    1
  • William H Linginfelter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Pat Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brittany Young

    EXECUTIVE DI

    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

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202421369349304422

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