Form 990 for tax year 2024
Filed by GREATER ST PETERSBURG AREA ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $718,122
- Total expenses
- $615,559
- Contributions and grants received
- $175,000
- Grants paid
- $0
- Program service revenue
- $521,500
- Investment income
- $21,622
- Other revenue
- $0
- Total assets, end of year
- $700,968
- Total liabilities, end of year
- $22,275
- Net assets or fund balances, end of year
- $678,693
- 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.
-
1e · Government grants (contributions)
$150,000
-
1f · All other contributions, gifts and grants
$25,000
-
2a · Program service revenue: MEMBERSHIP DUES
total $490,500 · related or exempt $490,500
-
2b · Program service revenue: SPONSORSHIPS
total $31,000 · related or exempt $31,000
-
3 · Investment income
total $21,622 · excluded $21,622
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $195,062
-
7 · Other salaries and wages
total $190,351
-
9 · Other employee benefits
total $13,409
-
10 · Payroll taxes
total $28,187
-
11g · Fees: other
total $2,500
-
12 · Advertising and promotion
total $31,338
-
13 · Office expenses
total $1,830
-
14 · Information technology
total $16,823
-
16 · Occupancy
total $36,000
-
17 · Travel
total $391
-
19 · Conferences, conventions and meetings
total $12,447
-
22 · Depreciation, depletion and amortization
total $2,449
-
23 · Insurance
total $5,284
-
24a · Other expenses: STRATEGIC INVESTMENTS
total $37,459
-
24b · Other expenses: PROGRAM EXPENSE
total $13,210
-
24c · Other expenses: CONTRACT LABOR
total $8,213
-
24d · Other expenses: BANK & PAYROLL SERVICE
total $6,845
-
24e · All other expenses
total $13,761
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $76,367 · end of year $53,500
-
2 · Savings and temporary cash investments
beginning of year $514,168 · end of year $629,791
-
4 · Accounts receivable
beginning of year $23 · end of year $11,485
-
9 · Prepaid expenses and deferred charges
end of year $3,461
-
10a · Land, buildings and equipment: cost or other basis
$11,327
-
10b · Land, buildings and equipment: accumulated depreciation
$8,596
-
10c · Land, buildings and equipment, net
beginning of year $3,741 · end of year $2,731
-
17 · Accounts payable and accrued expenses
beginning of year $18,169 · end of year $7,275
-
19 · Deferred revenue
end of year $15,000
-
27 · Net assets without donor restrictions
beginning of year $576,130 · end of year $678,693
Mission and programs · 2024
Mission
THE GREATER ST. PETERSBURG AREA ECONOMIC DEVELOPMENT CORPORATION("EDC") IS THE "STORYTELLER IN CHIEF" FOR ST. PETERSBURG AS A BUSINESS AND CAREER LOCATION. WE CONNECT BUSINESSES WITH THE PEOPLE AND PROGRAMS THAT WILL HELP THEM GROW.
Activities or mission (Part I)
THE ST. PETERSBURG EDC IS THE "STORYTELLER IN CHIEF" FOR ST. PETERSBURG AS A BUSINESS AND CAREER LOCATION. WE CONNECT BUSINESSES WITH THE PEOPLE AND PROGRAMS THAT WILL HELP THEM GROW.
-
THE EDC IS ORGANIZED TO ACHIEVE ADVANCEMENT AND SUPPORT THE RECRUITMENT, FORMATION, EXPANSION AND RETENTION OF QUALITY JOBS AND COMPETITIVE BUSINESSES THAT WILL FOSTER AND MAINTAIN A DIVERSIFIED, YEAR-ROUND AND SUSTAINABLE ECONOMY PRIMARILY FOR ST. PETERSBURG AND SURROUNDING CITIES AND COMMUNITIES WITHIN PINELLAS COUNTY.ADDITIONALLY, THE EDC SHALL PROMOTE BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT BY: 1) IMPLEMENTING ECONOMIC DEVELOPMENT PROGRAMS DESIGNED TO STRENGTHEN AND EXPAND THE INCOME POTENTIAL OF ALL EXISTING AND NEW BUSINESSES WITHIN THE TRADE AREA; 2) PROMOTING QUALITY-OF-LIFE PROGRAMS OF A CIVIC, SOCIAL, AND CULTURAL NATURE WHICH ARE DESIGNED TO INCREASE THE FUNCTIONAL AND AESTHETIC VALUES OF THE COMMUNITY AND; 3) DISCOVERING AND CORRECTING ISSUES WHICH PREVENT THE PROMOTION OF BUSINESS EXPANSION AND COMMUNITY GROWTH.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bill KentBILL KENT
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Danielle RuizDANIELLE RUIZ
VICE CHAIR OF STRATEGIC PLANNING
- Total calculated
- $0
- Hours/week
- 1
-
Marcus GreeneMARCUS GREENE
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John MooreJOHN MOORE
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Morgan HolmesMORGAN HOLMES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Nick HessNICK HESS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ken WelchKEN WELCH
MAYOR OF CITY OF ST. PETERSBURG
- Total calculated
- $0
- Hours/week
- 1
-
Bob WarcolaBOB WARCOLA
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
Chris SteinocherCHRIS STEINOCHER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian AuldBRIAN AULD
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra BrahamSANDRA BRAHAM
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Brian CaperBRIAN CAPER
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Chuck CataneseCHUCK CATANESE
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
James CorbettJAMES CORBETT
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy GiletteKATHY GILETTE
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan GriffinRYAN GRIFFIN
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jason JensenJASON JENSEN
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Owen LafaveOWEN LAFAVE
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Iwan MohamedIWAN MOHAMED
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Jackie SkyrdJACKIE SKYRD
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott SmithSCOTT SMITH
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Jason SpearsJASON SPEARS
GOVERNOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Michael SweseyMICHAEL SWESEY
PRESIDENT & CEO
- Total calculated
- $195,062
- From this org
- $188,600
- From related orgs
- $0
- Other
- $6,462
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,000
- Bonus
- $0
- Other
- $3,600
- Deferred
- $1,541
- Nontaxable benefits
- $4,921
- Filer's total
- $195,062
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 · Compensation committee
- 3 · Form 990 of other organizations
- 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
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523079349301322
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