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← ELEVATE DOUGLAS ECONOMIC DEVELOPMENT CORPORATION INC

Form 990 for tax year 2023

Filed by ELEVATE DOUGLAS ECONOMIC DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$527,429
Total expenses
$448,658
Contributions and grants received
$527,410
Grants paid
$0
Program service revenue
$0
Investment income
$19
Other revenue
$0
Total assets, end of year
$130,756
Total liabilities, end of year
$68,721
Net assets or fund balances, end of year
$62,035
Program services expenses (Part IX)
$316,786
Management and general expenses
$131,872
Fundraising expenses
$0
Program service expenses (Part III)
$316,786

Program services were 70.6% 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.

  • 1f · All other contributions, gifts and grants

    $527,410

  • 3 · Investment income

    total $19 · related or exempt $19

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $147,674 · program services $147,340 · management and general $334

  • 11b · Fees: legal

    total $150 · management and general $150

  • 11c · Fees: accounting

    total $7,300 · management and general $7,300

  • 12 · Advertising and promotion

    total $169,446 · program services $169,446

  • 13 · Office expenses

    total $2,551 · management and general $2,551

  • 14 · Information technology

    total $30,783 · management and general $30,783

  • 16 · Occupancy

    total $356 · management and general $356

  • 17 · Travel

    total $8,098 · management and general $8,098

  • 19 · Conferences, conventions and meetings

    total $62,412 · management and general $62,412

  • 20 · Interest

    total $201 · management and general $201

  • 21 · Payments to affiliates

    total $16,378 · management and general $16,378

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,026 · management and general $3,026

  • 24b · Other expenses: BANK FEES

    total $187 · management and general $187

  • 24c · Other expenses: GIFTS AND REMEMBRANCES

    total $96 · management and general $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,489 · end of year $130,756

  • 25 · Other liabilities

    beginning of year $63,225 · end of year $68,721

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$16,736 · end of year $62,035

Mission and programs · 2023

Mission

ELEVATE DOUGLAS ECONOMIC PARTNERSHIP IS A PUBLIC-PRIVATE ECONOMIC DEVELOPMENT PARTNERSHIP FOCUSED ON CULTIVATING A ROBUST BUSINESS ENVIRONMENT IN DOUGLAS COUNTY.

Activities or mission (Part I)

THE ENTITY IS FOCUSED ON CULTIVATING A ROBUST BUSINESS ENVIRONMENT IN DOUGLAS COUNTY, GA.

  • THE PARTNERSHIP REPRESENTS A CONSOLIDATIONS OF ECONOMIC DEVELOPMENT FUNCTIONS AND RESPONSIBILITIES OF THE DOUGLAS COUNTY ECONOMIC DEVELOPMENT AND THE CITY OF DOUGLASVILLE DEVELOPMENT AUTHORITIES, AND IN TURN PARTNERS THEM UP WITH THE DOUGLAS COUNTY CHAMBER IN ORDER TO BETTER ACCOMPLISH GOALS.

    Expenses $316,786 · Revenue $527,429

As filed on the 2023 return.

Listed in Part VII

  • Gary Miller

    DIRECTOR,CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Nadia Faucette

    DIRECTOR,SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Stephens

    DIRECTOR,TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Trevor Quander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shandron Forte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gil Shearouse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Choo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trent North

    DIRECTOR, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Rochelle Robinson

    DIRECTOR, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Romona Jackson-Jones

    DIRECTOR, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Kyle Gable

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
26 July 2024
IRS schema version
2023v5.1
Source object
202412579349300726

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