Champaign Economic Partnership
- Assets
- $189.5k
- Revenue
- $223.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Urbana, OH
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 34-1212162
Organization Overview
Champaign Economic Partnership is located in Urbana, OH. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Champaign Economic Partnership employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champaign Economic Partnership is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Champaign Economic Partnership generated $223.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $189.8k during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 6 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 2020, Champaign Economic Partnership has awarded 65 individual grants totaling $633,891. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE ECONOMIC GROWTH THROUGHOUT CHAMPAIGN COUNTY, OHIO BY STRENGTHENING THE COUNTY'S COMPETITIVE POSITION AND FACILITATING INVESTMENTS THAT BUILD CAPACITY WITH EXISTING BUSINESSES, CREATE JOBS, GENERATE ECONOMIC OPPORTUNITY AND IMPROVE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION (CEP) PROMOTES INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT OF CHAMPAIGN COUNTY. THE ORGANIZATION OPERATES AS A LIASON FOR BUSINESS, SCHOOL, LOCAL GOVERNMENT, PRIVATE PARTNERS, AND VARIOUS STATE AGENCIES IN ASSISTING WITH EXPANSION AND INVESTMENT OPPORTUNITIES, POTENTIAL TAX ABATEMENTS, AND FINANCIAL PARTNERSHIPS. CEP ACHIEVES THESE OBJECTIVES BY UTILIZING A FULL TIME ECONOMIC DIRECTOR, MAINTAINING A WEB SITE RESOURCE FOR BUSINESSES AND SITE CONSULTANTS INCLUDING A FREE JOBS BOARD PAGE, AND AVAILABLE RETAIL LISTINGS, AND PARTNERING WITH LOCAL EDUCATIONAL INSTITUTIONS ON WORKFORCE DEVELOPMENT INITIATIVES SUCH AS A SURVEY OF LOCAL ENGINEERING EMPLOYEES. CEP IS WORKING ON EXPANDING INFRASTRUCTURE FOR NEW HOUSING FOR THE GROWING WORKFORCE AND TO ATTRACT PEOPLE TO MOVE TO CHAMPAIGN COUNTY. CEP CREATED A JOBS (JOBS, OPPORTUNITIES, BUILDINGS AND SPACE) TEAM, WHICH VISITS LOCAL BUSINESSES TO LEARN ABOUT WHAT SUPPORT THEY NEED TO SUCCEED AND GROW. CEP HAS DEVELOPED THE CEP BUSINESS PLAYBOOK, AVAILABLE FOR DOWNLOAD, TO ANSWER COMMON QUESTIONS ABOUT STARTING A BUSINESS, WHERE TO GO FOR HELP, REGISTERING A BUSINESS, LOCATING FINANCIAL SUPPORT, FINDING PROPERTY, ZONING, AND RECRUITING AND TRAINING A WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Bailey Director Thr | Trustee | 40 | $52,000 |
Richard Ebert Director As | Officer | 40 | $10,769 |
Kyle Hall Board Presid | OfficerTrustee | 5 | $0 |
Todd Michael Board Vice P | OfficerTrustee | 5 | $0 |
David A Snyder Board Treasu | OfficerTrustee | 5 | $0 |
Jerome Armstrong Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $183,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,702 |
| Total Program Service Revenue | $37,010 |
| Investment income | $655 |
| 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 | $223,274 |
| 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. | $62,769 |
| Compensation of current officers, directors, key employees. | $15,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,198 |
| Fees for services: Management | $2,781 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,920 |
| Office expenses | $4,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,312 |
| Travel | $1,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $520 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,074 |
| All other expenses | $0 |
| Total functional expenses | $189,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,437 |
| 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 | $850 |
| Net Land, buildings, and equipment | $20,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $850 |
| Total assets | $189,537 |
| Accounts payable and accrued expenses | $1,885 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,354 |
| 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 | $7,665 |
| Total liabilities | $22,904 |
| Net assets without donor restrictions | $155,272 |
| Net assets with donor restrictions | $11,361 |
| 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 | $189,537 |
Grants Awarded
Over the last fiscal year, Champaign Economic Partnership has awarded $633,891 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
LET'S EAT CAKE PURPOSE: COVID AID | $12,500 |
EAST LAWN & GARDEN PURPOSE: COVID AID | $12,500 |
LG INDUSTRIAL SUPPLY PURPOSE: COVID AID | $12,500 |
THE VINTAGE TRAVELER PURPOSE: COVID AID | $12,500 |
OXNERS' GENERAL STORE PURPOSE: COVID AID | $12,500 |
TOMMY BROOKS SALON PURPOSE: COVID AID | $12,078 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Regional Industrial Development Corporation Of Sw Pa Pittsburgh, PA | $178,323,730 | $33,758,702 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |