Geauga Growth Partnership Inc
- Assets
- $756.4k
- Revenue
- $675.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Newbury, OH
- Founding
- 03/2011
- Data as of
- 12/2023
- 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 12/2023, Geauga Growth Partnership Inc employed 10 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 12/2023, Geauga Growth Partnership Inc generated $675.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $629.0k during the year ending 12/2023. While expenses have increased by 10.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Beth Bunton Director | Trustee | $0 | |
John W Epprecht Chairman | OfficerTrustee | $0 | |
David Ford Director | Trustee | $0 | |
Richard J Frenchie Secretary | OfficerTrustee | $0 | |
Jay Giles Director | Trustee | $0 | |
Jason Glowczewski Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $121,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,810 |
| Total Program Service Revenue | $184,423 |
| Investment income | $95,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $118,871 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,679 |
| 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. | $98,918 |
| Compensation of current officers, directors, key employees. | $12,859 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,371 |
| Payroll taxes | $24,542 |
| Fees for services: Management | $2,912 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,685 |
| Fees for services: Other | $4,020 |
| Advertising and promotion | $11,410 |
| Office expenses | $11,810 |
| Information technology | $1,701 |
| Royalties | $0 |
| Occupancy | $35,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,222 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,647 |
| All other expenses | $6,845 |
| Total functional expenses | $628,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,803 |
| 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 | $22,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $685,034 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $756,437 |
| 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 | $504,537 |
| Net assets with donor restrictions | $251,900 |
| 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 | $756,437 |