Form 990 for tax year 2023
Filed by INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $9,637,488
- Total expenses
- $9,391,207
- Contributions and grants received
- $3,257,710
- Grants paid
- $0
- Program service revenue
- $6,299,983
- Investment income
- $79,795
- Other revenue
- $0
- Total assets, end of year
- $11,377,086
- Total liabilities, end of year
- $3,339,557
- Net assets or fund balances, end of year
- $8,037,529
- Program services expenses (Part IX)
- $5,522,132
- Management and general expenses
- $3,869,075
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,522,132
Program services were 58.8% 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.
-
1e · Government grants (contributions)
$2,261,447
-
1f · All other contributions, gifts and grants
$996,263
-
2a · Program service revenue: CONFERENCE
total $4,668,229 · related or exempt $4,504,616 · unrelated business $163,613
-
2b · Program service revenue: EDUCATION/CERTIFICATIO
total $1,315,029 · related or exempt $1,315,029
-
2c · Program service revenue: ADVISORY SERVICES
total $316,725 · related or exempt $316,725
-
3 · Investment income
total $79,795 · excluded $79,795
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,112,171 · program services $116,569 · management and general $995,602
-
7 · Other salaries and wages
total $2,168,119 · program services $1,259,437 · management and general $908,682
-
8 · Pension plan contributions
total $167,042 · program services $84,393 · management and general $82,649
-
9 · Other employee benefits
total $711,497 · program services $321,296 · management and general $390,201
-
10 · Payroll taxes
total $255,189 · program services $109,326 · management and general $145,863
-
11c · Fees: accounting
total $37,960 · management and general $37,960
-
11g · Fees: other
total $1,781,156 · program services $1,207,616 · management and general $573,540
-
12 · Advertising and promotion
total $467,678 · program services $460,831 · management and general $6,847
-
13 · Office expenses
total $318,648 · program services $241,134 · management and general $77,514
-
14 · Information technology
total $94,005 · management and general $94,005
-
16 · Occupancy
total $261,288 · management and general $261,288
-
17 · Travel
total $239,582 · program services $163,941 · management and general $75,641
-
19 · Conferences, conventions and meetings
total $1,282,389 · program services $1,222,381 · management and general $60,008
-
22 · Depreciation, depletion and amortization
total $36,001 · management and general $36,001
-
23 · Insurance
total $70,058 · management and general $70,058
-
24a · Other expenses: BANK CHARGES
total $200,995 · management and general $200,995
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $120,073 · program services $77,924 · management and general $42,149
-
24c · Other expenses: DESIGN
total $58,388 · program services $58,388
-
24d · Other expenses: BAD DEBT EXPENSE
total $7,729 · management and general $7,729
-
24e · All other expenses
total $1,239 · program services $198,896 · management and general -$197,657
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,273,405 · end of year $821,197
-
2 · Savings and temporary cash investments
beginning of year $1,373,982 · end of year $1,038,205
-
4 · Accounts receivable
beginning of year $3,200,845 · end of year $4,063,933
-
8 · Inventories for sale or use
beginning of year $39,011 · end of year $39,011
-
9 · Prepaid expenses and deferred charges
beginning of year $481,494 · end of year $526,237
-
10a · Land, buildings and equipment: cost or other basis
$1,191,094
-
10b · Land, buildings and equipment: accumulated depreciation
$1,015,814
-
10c · Land, buildings and equipment, net
beginning of year $252,730 · end of year $175,280
-
11 · Investments: publicly traded securities
beginning of year $2,912,593 · end of year $3,614,094
-
12 · Investments: other securities
beginning of year $604,252 · end of year $432,106
-
15 · Other assets
beginning of year $866,842 · end of year $667,023
-
17 · Accounts payable and accrued expenses
beginning of year $425,198 · end of year $674,588
-
19 · Deferred revenue
beginning of year $1,944,347 · end of year $1,262,933
-
25 · Other liabilities
beginning of year $1,844,361 · end of year $1,402,036
-
27 · Net assets without donor restrictions
beginning of year $3,985,354 · end of year $3,579,586
-
28 · Net assets with donor restrictions
beginning of year $3,805,894 · end of year $4,457,943
Mission and programs · 2023
Mission
IEDC WORKS TO HELP ECONOMIC DEVELOPERS DO THEIR JOBS MORE EFFECTIVELY, AND TO RAISE THE PROFILE OF THE PROFESSION. IF WE SUCCEED, OUR MEMBERS CREATE MORE HIGH-QUALITY JOBS, DEVELOP MORE VIBRANT COMMUNITIES, AND GENERALLY IMPROVE THE QUALITY OF LIFE IN THEIR REGIONS. TO THAT END, WE PROVIDE INFORMATION ON TRENDS AND BEST PRACTICES, NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT COURSES AND NUMEROUS OTHER SERVICES.
-
THE IEDC ADVISORY SERVICES AND RESEARCH (ASR) DEPARTMENT WORKED TO IMPROVE ECONOMIC OPPORTUNITIES FOR COMMUNITIES AND REGIONS PROVIDED TECHNICAL ASSISTANCE AND CUSTOMIZED ANALYSIS THAT HELPED CREATED SUSTAINABLE ECONOMIC DEVELOPMENT SOLUTIONS. WE KEPT ECONOMIC DEVELOPMENT PROFESSIONALS INFORMED ON ISSUES AND TRENDS IN THE FIELD THROUGH RESEARCH, PUBLICATIONS AND INFORMATION DISSEMINATION.
Expenses $5,522,132 · Revenue $6,136,370
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Eloisa KlementichELOISA KLEMENTICH
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Bryan DanielsBRYAN DANIELS
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Danielle CaseyDANIELLE CASEY
BOARD SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Juan Pablo AlcantarJUAN PABLO ALCANTAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Beth BowmanBETH BOWMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Amy Case-MadisonAMY CASE-MADISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael CatsiMICHAEL CATSI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Barbra CoffeeBARBRA COFFEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
James CollardJAMES COLLARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rodney CrimRODNEY CRIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
William CroninWILLIAM CRONIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joi Cuartero-AustinJOI CUARTERO-AUSTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Julie CurtinJULIE CURTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Haldane DaviesHALDANE DAVIES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kevin DickKEVIN DICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dennis FraiseDENNIS FRAISE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Todd GreeneTODD GREENE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
David GriggsDAVID GRIGGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Trish HeidenreichTRISH HEIDENREICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Clyde HiggsCLYDE HIGGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gregory HitchinGREGORY HITCHIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mignonne HollisMIGNONNE HOLLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Molly HoweyMOLLY HOWEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tamika JenkinsTAMIKA JENKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ean JohnsonEAN JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Seonah KendallSEONAH KENDALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lindsey KimballLINDSEY KIMBALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ronald KitchensRONALD KITCHENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chris KnightCHRIS KNIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maureen KraussMAUREEN KRAUSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Barb LamueBARB LAMUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
David LeezerDAVID LEEZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Scott MartinezSCOTT MARTINEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chris MasingillCHRIS MASINGILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Heather McDanielHEATHER MCDANIEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Josh MejiaJOSH MEJIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Quentin Messer JrQUENTIN MESSER JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ann Marie MillerANN MARIE MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Bethany MillerBETHANY MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan MorganJONATHAN MORGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca MoudryREBECCA MOUDRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mike NealMIKE NEAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jessica PaoliniJESSICA PAOLINI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jonas PetersonJONAS PETERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Don PiersonDON PIERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Courtney PogueCOURTNEY POGUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ryan SilvaRYAN SILVA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dan SilvermanDAN SILVERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Leonard SledgeLEONARD SLEDGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kelly SmallridgeKELLY SMALLRIDGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jared SmithJARED SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer WakefieldJENNIFER WAKEFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joy WilkinsJOY WILKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rob WilliamsROB WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nathan OhleNATHAN OHLE
PRESIDENT & CEO
- Total calculated
- $541,415
- From this org
- $491,599
- From related orgs
- $0
- Other
- $49,816
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $380,086
- Bonus
- $75,000
- Other
- $36,513
- Deferred
- $27,985
- Nontaxable benefits
- $21,831
- Filer's total
- $541,415
-
Alia IqbalALIA IQBAL
CFO
- Total calculated
- $170,995
- From this org
- $155,282
- From related orgs
- $0
- Other
- $15,713
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,086
- Bonus
- $0
- Other
- $7,196
- Deferred
- $0
- Nontaxable benefits
- $15,713
- Filer's total
- $170,995
-
Matthew MullinMATTHEW MULLIN
VP OF POLICY AND COMMUNICATION
- Total calculated
- $173,307
- From this org
- $152,291
- From related orgs
- $0
- Other
- $21,016
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $104,488
- Bonus
- $0
- Other
- $47,803
- Deferred
- $11,761
- Nontaxable benefits
- $9,255
- Filer's total
- $173,307
-
Rendell GinesRENDELL GINES
VP PARTNERSHIPS ADVISORY SERVICES AND THOUGHT LEAD
- Total calculated
- $172,069
- From this org
- $134,939
- From related orgs
- $0
- Other
- $37,130
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,939
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $37,130
- Filer's total
- $172,069
-
Jamie RichardsJAMIE RICHARDS
BOARD LIAISON AND EXEC ASSISTANT
- Total calculated
- $117,700
- From this org
- $115,977
- From related orgs
- $0
- Other
- $1,723
- Hours/week
- 40
-
Rebecca ThomasREBECCA THOMAS
SR DIRECTOR, PROFESSIONAL DEVELOPMENT
- Total calculated
- $142,602
- From this org
- $128,768
- From related orgs
- $0
- Other
- $13,834
- Hours/week
- 40
-
Todd LangTODD LANG
DIRECTOR KNOWLEDGE MANAGEMENT
- Total calculated
- $134,344
- From this org
- $114,636
- From related orgs
- $0
- Other
- $19,708
- Hours/week
- 40
-
Emily BrownEMILY BROWN
SR DIRECTOR
- Total calculated
- $131,582
- From this org
- $110,755
- From related orgs
- $0
- Other
- $20,827
- Hours/week
- 40
-
Jason ChristianJASON CHRISTIAN
SR DIRECTOR IT
- Total calculated
- $147,735
- From this org
- $110,621
- From related orgs
- $0
- Other
- $37,114
- Hours/week
- 40
-
Jeffrey FinkleJEFFREY FINKLE
PRESIDENT & CEO (FORMER)
- Total calculated
- $235,709
- From this org
- $222,520
- From related orgs
- $0
- Other
- $13,189
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $222,520
- Deferred
- $0
- Nontaxable benefits
- $13,189
- Filer's total
- $235,709
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403189349308110
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