Preble County Development Partnership
- Assets
- $1.2m
- Revenue
- $713.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Eaton, OH
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-1658406
Organization Overview
Preble County Development Partnership is located in Eaton, OH. The organization was established in 2011. 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. As of 12/2023, Preble County Development Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preble County Development Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Preble County Development Partnership generated $713.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $651.4k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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.
Since 2015, Preble County Development Partnership has awarded 16 individual grants totaling $470,663. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE THE COMMERCIAL, INDUSTRIAL AND CIVIC DEVELOPMENT OF PREBLE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PREBLE COUNTY DEVELOPMENT PARTNERSHIP, INC. WAS FORMED TO ADDRESS IMPORTANT GROWTH AND DEVELOPMENT ISSUES AND TO ASSIST IN THE CREATION OF JOBS AND OPPORTUNITY FOR EVERYONE IN PREBLE COUNTY NOW AND IN THE FUTURE. THE PARTNERSHIP'S PROGRAM OF WORK FOCUSES ON FOUR OBJECTIVES: 1) BUSINESS RETENTION, EXPANSION, AND SUPPORT; 2) NEW BUSINESS RECRUITMENT; 3) MARKETING PREBLE COUNTY AND COMMUNITY OUTREACH; AND 4) WORKFORCE DEVELOPMENT. THE ORGANIZATION HAS ALSO PARTNERED WITH LOCAL POST-SECONDARY INSTITUTIONS TO RAISE THE EDUCATIONAL ATTAINMENT LEVEL OF THE UNDERSERVED RURAL POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Sewert Chair | OfficerTrustee | 2 | $0 |
Jason Troutwine Vice-Chair | OfficerTrustee | 1 | $0 |
Craig Kinyon Treasurer | OfficerTrustee | 1 | $0 |
Brad Collins Past-Chair | Trustee | 1 | $0 |
Erin Harris Permanent Trustee | Trustee | 1 | $0 |
Kathy Smallwood Permanent Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $596,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,631 |
| Total Program Service Revenue | $0 |
| Investment income | $2,512 |
| 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 | $713,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $411,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,148 |
| Compensation of current officers, directors, key employees. | $24,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,647 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,073 |
| Information technology | $128 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,947 |
| Insurance | $2,009 |
| All other expenses | $0 |
| Total functional expenses | $651,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,939 |
| Savings and temporary cash investments | $1,068,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $71,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,183,435 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,161,886 |
| Net assets with donor restrictions | $21,549 |
| 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 | $1,183,435 |
Grants Awarded
Over the last fiscal year, Preble County Development Partnership has awarded $366,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PREBLE COUNTY CHAMBER OF COMMERCE PURPOSE: COMMUNITY GRANT | $10,000 |
PREBLE COUNTY AGRICULTURAL SOCIETY PURPOSE: COMMUNITY GRANT | $208,000 |
EATON FIRE & EMS PURPOSE: COMMUNITY GRANT | $19,500 |
PREBLE COUNTY EDUCATION SERVICE CENTER PURPOSE: COMMUNITY GRANT | $25,000 |
BARNES BUTCHER SHOP PURPOSE: REVOLVING LOAN FUND | $90,000 |
NEW PARIS CHAMBER OF COMMERCE PURPOSE: COMMUNITY GRANT | $14,000 |