Form 990 for tax year 2023
Filed by GEORGIA CORPORATION FOR ECONOMIC DEVELOPMENT.
Totals
- Total revenue
- $1,946,115
- Total expenses
- $2,061,526
- Contributions and grants received
- $1,766,355
- Grants paid
- $312,500
- Program service revenue
- $0
- Investment income
- $174,567
- Other revenue
- $5,193
- Total assets, end of year
- $3,740,423
- Total liabilities, end of year
- $209,691
- Net assets or fund balances, end of year
- $3,530,732
- Program services expenses (Part IX)
- $2,010,963
- Management and general expenses
- $50,563
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,010,963
Program services were 97.5% 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
$1,050,000
-
1e · Government grants (contributions)
$650,000
-
1f · All other contributions, gifts and grants
$66,355
-
3 · Investment income
total $174,567 · related or exempt $174,567
-
11a · Other revenue: REBATE REVENUE
total $5,193 · excluded $5,193
-
11e · Other revenue, total
$5,193
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $312,500 · program services $312,500
-
11c · Fees: accounting
total $37,365 · management and general $37,365
-
11g · Fees: other
total $263,620 · program services $263,620
-
12 · Advertising and promotion
total $129,943 · program services $129,943
-
13 · Office expenses
total $11,017 · program services $3,905 · management and general $7,112
-
17 · Travel
total $713,400 · program services $713,400
-
19 · Conferences, conventions and meetings
total $16,350 · program services $13,248 · management and general $3,102
-
23 · Insurance
total $6,754 · program services $3,770 · management and general $2,984
-
24a · Other expenses: EVENT ENTERTAINMENT
total $371,106 · program services $371,106
-
24b · Other expenses: EVENT FOOD AND BEVERAGE
total $199,471 · program services $199,471
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$319,420 · end of year -$50,488
-
2 · Savings and temporary cash investments
beginning of year $3,707,020 · end of year $3,445,228
-
4 · Accounts receivable
beginning of year $9,890 · end of year $125,345
-
9 · Prepaid expenses and deferred charges
beginning of year $300,270 · end of year $220,338
-
17 · Accounts payable and accrued expenses
beginning of year $1,617 · end of year $109,691
-
19 · Deferred revenue
beginning of year $50,000 · end of year $100,000
-
27 · Net assets without donor restrictions
beginning of year $3,646,143 · end of year $3,530,732
Mission and programs · 2023
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 $2,010,963 · Grants $312,500
As filed on the 2023 return.
Listed in Part VII
-
Daryl IngramDARYL INGRAM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Peter W CarterPETER W CARTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dennis L ChastainDENNIS L CHASTAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris ClarkCHRIS CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Justin ClayJUSTIN CLAY
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Gretchen CorbinGRETCHEN CORBIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nick D'AndreaNICK D'ANDREA
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Walt FarrellWALT FARRELL
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
James E FullerJAMES E FULLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Venessa HarrisonVENESSA HARRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jb LandrocheJB LANDROCHE
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Morgan B Law CecdMORGAN B LAW CECD
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
William H LinginfelterWILLIAM H LINGINFELTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David A SmithDAVID A SMITH
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Julie C SmithJULIE C SMITH
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Pat WilsonPAT WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Malcom P SmithMALCOM P SMITH
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Pedro CherryPEDRO CHERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig CamusoCRAIG CAMUSO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aubrey BrownAUBREY BROWN
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Laura LaneLAURA LANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe W Rogers IIIJOE W ROGERS III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bud WhitmireBUD WHITMIRE
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Mike DonnellyMIKE DONNELLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Virgil MillerVIRGIL MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rich JohnsonRICH JOHNSON
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Mike MitchellMIKE MITCHELL
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Katie SaezKATIE SAEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Houston Bass IVHOUSTON BASS IV
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Ryan HeffernRYAN HEFFERN
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Bob DavisBOB DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alex McGeeALEX MCGEE
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Marisa SimpsonMARISA SIMPSON
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Anita CostelloANITA COSTELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Camila KnowlesCAMILA KNOWLES
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Tracy PitcherTRACY PITCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Katie ChildersKATIE CHILDERS
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Bradley HarrisBRADLEY HARRIS
WORKING PART
- Total calculated
- $0
- Hours/week
- 1
-
Trey KilpatrickTREY KILPATRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David WilkinsonDAVID WILKINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stefan LoebSTEFAN LOEB
BOARD MEMBER
- 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
-
GEORGIA ECONOMIC DEV FOUNDATION
$180,000
GENERAL SUPPORT
-
SPONSOR EVENT
-
SPONSOR EVENT
-
FOOD PROCESSORS SUPPLIES ASSOC
$28,500
SPONSOR EVENT
-
SPONSOR EVENT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349302972
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