North Florida Economic Developmentpartnership Inc
- Assets
- $529.1k
- Revenue
- $485.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-4360126
Organization Overview
North Florida Economic Developmentpartnership Inc is located in Tallahassee, FL. The organization was established in 2007. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. North Florida Economic Developmentpartnership 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 12/2022, North Florida Economic Developmentpartnership Inc generated $485.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $381.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO COORDINATE AND MARKET REGIONAL ASSETS AND IDENTIFY ISSUES THAT SERVE AS IMPEDIMENTS TO JOB CREATION AND INCREASED ECONOMIC GROWTH WITHIN THE RURAL MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANCE - PROVIDE AND/OR FACILITATE EXPERTISE TO INDIVIDUAL COUNTIES ON FEDERAL AND STATE INFRASTRUCTURE AND WORKFORCE DEVELOPMENT FUNDING OPPORTUNITIES, PROVIDE ASSISTANCE IN DATA COLLECTION AND GRANT DEVELOPMENT, AND PROVIDE EDUCATION AND TRAINING ON ECONOMIC AND COMMUNITY DEVELOPMENT ISSUES.
ZOOM PROSPECTOR - PROVIDE ECONOMIC AND COMMUNITY DEVELOPMENT THROUGH THE COORDINATION AND MARKETING OF REGIONAL ASSETS.
SCHOLARSHIPS- REMOVE IMPEDIMENTS BY CONTINUING ECONOMIC DEVELOPMENT EDUCATION AND ENABLING EQUAL ACCESS TO OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Norris Chairman- Vi | OfficerTrustee | 0.5 | $0 |
Glenn Hunter Past Chairma | OfficerTrustee | 0.5 | $0 |
Diane Head Secretary | OfficerTrustee | 0.5 | $0 |
Name Not Listed Executive Di | Officer | 0.5 | $0 |
Thomas Demps Director | Trustee | 0.5 | $0 |
Jennifer Goff Daniels Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $315,472 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,472 |
| Total Program Service Revenue | $165,195 |
| Investment income | $0 |
| 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 | $485,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $18,251 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $195,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,323 |
| Advertising and promotion | $0 |
| Office expenses | $24,501 |
| Information technology | $706 |
| Royalties | $0 |
| Occupancy | $779 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,483 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,115 |
| All other expenses | $15,500 |
| Total functional expenses | $381,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $529,143 |
| Accounts payable and accrued expenses | $14,938 |
| Grants payable | $0 |
| Deferred revenue | $47,845 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,783 |
| Net assets without donor restrictions | $466,360 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $529,143 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that North Florida Economic Developmentpartnership Inc has recieved totaling $34,860.
| Awarding Organization | Amount |
|---|---|
Enterprise Florida Inc Orlando, FL PURPOSE: RURAL STRATEGIC MARKETING | $17,430 |
Enterprise Florida Inc Orlando, FL PURPOSE: RURAL STRATEGIC MARKETING | $17,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodie Nation Inc Atlanta, GA | $6,929,090 | $12,181,074 |
Better Business Bureau Of Metropoliton Atlanta Inc Atlanta, GA | $4,995,221 | $6,438,546 |
Herman J Russell Center For Innovation And Entrepreneurship In Atlanta, GA | $21,225,162 | $9,072,660 |
The Better Business Bureau Of Metropolitan Birmingham Incorportd Birmingham, AL | $1,159,880 | $2,115,172 |
Institute For Commercialization Of Florida Technology Inc Tampa, FL | $17,091,469 | $342,694 |
Atlanta Committee For Progress Inc Atlanta, GA | $1,166,579 | $1,555,000 |
National Association Of Minority Mortgage Bankers Of America Inc Orlando, FL | $337,622 | $1,570,248 |
American Transaction Processors Coalition Atlanta, GA | $187,359 | $1,617,250 |
African American Credit Union Coalition Snellville, GA | $676,813 | $1,509,936 |
Community Economic Development Association Of Pensacola And Escam Pensacola, FL | $509,626 | $1,163,356 |
Coastal Area District Development Authority Brunswick, GA | $23,475,246 | $6,775,670 |
Carroll County Economic Development Carrollton, GA | $4,543,478 | $2,769,284 |