Ohio Economic Development Association Inc

Organization Overview

Ohio Economic Development Association Inc is located in Columbus, OH. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Economic Development Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2023, Ohio Economic Development Association Inc generated $594.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $586.5k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE OHIO ECONOMIC DEVELOPMENT ASSOCIATION (OEDA) IS TO INCREASE ECONOMIC PROSPERITY IN THE STATE OF OHIO BY ADVANCING THE PRACTICE OF ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OEDA'S VARIOUS PROGRAMS FOCUS ON PROFESSIONAL DEVELOPMENT, CERTIFICATION, AND TRAINING; PROVIDING NETWORKING AND CONNECTION OPPORTUNITIES; AND ACTING AS THE INFORMATION SAFETY NET FOR ECONOMIC DEVELOPMENT AND LEGISLATIVE NEWS.


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Board, Officers & Key Employees

Name (title)Compensation
See Attached Hours Vary
Various
$0
David Zak
President &
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$81,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$81,000
Total Program Service Revenue$513,132
Investment income $282
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $594,414

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