Geauga Growth Partnership Inc
- Assets
- $740.2k
- Revenue
- $495.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Newbury, OH
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-2897243
Organization Overview
Geauga Growth Partnership Inc is located in Newbury, 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 12/2021, Geauga Growth Partnership Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geauga Growth Partnership Inc 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 12/2021, Geauga Growth Partnership Inc generated $495.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $415.9k during the year ending 12/2021. While expenses have increased by 7.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE ECONOMIC CLIMATE IN GEAUGA COUNTY BY ATTRACTING NEW BUSINESS, SUPPORTING EXISTING BUSINESSES, AND PREPARING THE WORKFORCE OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FULFILLS ITS MISSION BY PROVIDING THE FOLLOWING PROGRAMS: ADULT WORKFORCE EDUCATION AND SKILL DEVELOPMENT; YOUTH WORKFORCE EDUCATION AND CAREER AWARENESS/READINESS PROGRAMS; YOUTH INTERNSHIP PROGRAM; EDUCATOR CAREER AWARENESS PROGRAM(S); BUSINESS SUPPORT AND DEVELOPMENT SESSIONS; ENTREPRENEUR ENRICHMENT ACTIVITIES; COORDINATION OF ROUNDTABLE SUPPORT NETWORKS; CEO PEER ADVISORY GROUPS; NETWORKING EVENTS AND MORE. GGP ALSO COORDINATES BUSINESS RETENTION AND EXPANSION VISITS, INCLUDING THE SUPPORT OF A SHARED, COUNTY-WIDE DATABASE, WITH LOCAL ECONOMIC DEVELOPMENT PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Frenchie Secretary | OfficerTrustee | 3 | $0 |
John W Epprecht Chairman | OfficerTrustee | 3 | $0 |
John C Steigerwald Vice Chairma | OfficerTrustee | 3 | $0 |
Stephanie Ronyak Treasurer | OfficerTrustee | 3 | $0 |
Jay Giles Director | Trustee | 2 | $0 |
Renee Nied Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,858 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,577 |
| Total Program Service Revenue | $112,934 |
| Investment income | $28,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $128,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $92,597 |
| Compensation of current officers, directors, key employees. | $11,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,267 |
| Payroll taxes | $34,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $1,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,975 |
| Fees for services: Other | $2,435 |
| Advertising and promotion | $9,371 |
| Office expenses | $9,522 |
| Information technology | $1,719 |
| Royalties | $0 |
| Occupancy | $9,751 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,505 |
| Insurance | $2,397 |
| All other expenses | $895 |
| Total functional expenses | $415,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,533 |
| Savings and temporary cash investments | $0 |
| 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 | $7,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $243,621 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $740,229 |
| 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 | $496,608 |
| Net assets with donor restrictions | $243,621 |
| 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 | $740,229 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Geauga Growth Partnership Inc has recieved totaling $30,013.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: YOUTH WORKFORCE DEVELOPMENT - STUDENT AND TEACHER OUTREACH | $25,000 |
The Covia Foundation Independence, OH PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Endowment Analysis
| Beg. Balance | $200,772 |
| Earnings | $28,592 |
| Admin Expense | $1,975 |
| Net Contributions | $16,232 |
| Ending Balance | $243,621 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |