Form 990 for tax year 2023
Filed by GEORGIA ECONOMIC DEVELOPERS ASSOCIATION INC.
Totals
- Total revenue
- $930,812
- Total expenses
- $835,839
- Contributions and grants received
- $14,000
- Grants paid
- $0
- Program service revenue
- $903,041
- Investment income
- $9,595
- Other revenue
- $4,176
- Total assets, end of year
- $1,175,034
- Total liabilities, end of year
- $226,586
- Net assets or fund balances, end of year
- $948,448
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$14,000
-
1g · Noncash contributions included above
$14,000
-
2a · Program service revenue: Meetings and conferenc
total $341,526 · related or exempt $341,526
-
2b · Program service revenue: Membership dues
total $302,115 · related or exempt $302,115
-
2c · Program service revenue: Sponsorship income
total $259,400 · related or exempt $259,400
-
3 · Investment income
total $9,595 · excluded $9,595
-
11a · Other revenue: Miscellaneous
total $4,176 · excluded $4,176
-
11e · Other revenue, total
$4,176
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $190,235
-
8 · Pension plan contributions
total $2,255
-
10 · Payroll taxes
total $13,248
-
11a · Fees: management
total $98,820
-
11c · Fees: accounting
total $7,020
-
11d · Fees: lobbying
total $63,401
-
11g · Fees: other
total $1,121
-
13 · Office expenses
total $19,188
-
16 · Occupancy
total $22,500
-
17 · Travel
total $7,281
-
19 · Conferences, conventions and meetings
total $385,644
-
23 · Insurance
total $3,012
-
24a · Other expenses: Banking and payment pro
total $22,114
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $129,237 · end of year $236,589
-
2 · Savings and temporary cash investments
beginning of year $182,917 · end of year $391,063
-
4 · Accounts receivable
beginning of year $21,680 · end of year $5,803
-
9 · Prepaid expenses and deferred charges
beginning of year $12,123 · end of year $23,084
-
10a · Land, buildings and equipment: cost or other basis
$30,070
-
10b · Land, buildings and equipment: accumulated depreciation
$29,115
-
10c · Land, buildings and equipment, net
beginning of year $1,237 · end of year $955
-
11 · Investments: publicly traded securities
beginning of year $648,961 · end of year $517,540
-
17 · Accounts payable and accrued expenses
beginning of year $39,301 · end of year $39,651
-
19 · Deferred revenue
beginning of year $167,420 · end of year $186,935
-
27 · Net assets without donor restrictions
beginning of year $789,434 · end of year $948,448
Mission and programs · 2023
Mission
The Organization's mission is to serve as the resource for networking, professional development and public policy for Georgia's economic development community.
-
Meetings, workshops and conferences - monthly meetings, spring workshop, annual conference - increase effectiveness of members by encouraging cooperation, exchanging information, and improving professional skills Monthly meetings - 7 meetings, total attendance 1,035 personsSpring workshop - total attendance - 275 personsAnnual conference - total attendance - 424 persons.
-
Membership - develop information on economic development issues to disseminate via monthly & special meetings, spring workshop, annual conference, print and electronic communications.
As filed on the 2023 return.
Listed in Part VII
-
Benjy Thompson
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Trip Tollison
First Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Cal Wray
Second Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Stacy Watson
Secretary-Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Andrea Schruijer
Immediate Past Chair
- Total calculated
- $0
- Hours/week
- 2
-
Carl Campbell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Justin Farquhar
Director
- Total calculated
- $0
- Hours/week
- 1
-
Randall Toussaint
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Waldrep
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matt Colvin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Serra Hall
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charlie Moseley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Travis Stegall
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robbie Bennett
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shaun Dodson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Dunn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessica Hood
Director
- Total calculated
- $0
- Hours/week
- 1
-
Grant Cagle
President and CEO
- Total calculated
- $176,735
- From this org
- $174,480
- From related orgs
- $0
- Other
- $2,255
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,480
- Bonus
- $0
- Other
- $0
- Deferred
- $2,255
- Nontaxable benefits
- $0
- Filer's total
- $176,735
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432969349301198
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