Champaign Economic Partnership
- Assets
- $202.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Urbana, OH
- Founding
- 03/1992
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Champaign Economic Partnership generated $137.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $116.0k during the year ending 12/2022. While expenses have increased by 2.0% 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.
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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
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 |
|---|---|---|---|
Richard Ebert Director | 40 | $40,215 | |
Bradley Winner Board Vice P | 5 | $0 | |
Todd Freyhoff Board Member | 1 | $0 | |
Karen Hart Board Treasu | 5 | $0 | |
Bill Bean Board Member | 1 | $0 | |
Dana Booghier Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $36,807 |
| Membership dues | $0 |
| Investment income | $632 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $137,439 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,202 |
| Professional fees and other payments to independent contractors | $15,572 |
| Occupancy, rent, utilities, and maintenance | $10,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,028 |
| Total expenses | $116,002 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $180,228 |
| Other assets | $0 |
| Total assets | $202,328 |
| Total liabilities | $14,821 |
| Net assets or fund balances | $187,507 |
Grants Awarded
Over the last fiscal year, Champaign Economic Partnership has awarded $633,891 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
B & D FREIGHT INC PURPOSE: COVID AID | $10,000 |
ALDER DESIGN CO PURPOSE: COVID AID | $9,348 |
BIG WILLIES BBQ LLC PURPOSE: COVID AID | $10,000 |
ACUPUNCTURE ALTERNATIVE MEDICINE PURPOSE: COVID AID | $10,000 |
BILLY KASPER'S BODY SHOP PURPOSE: COVID AID | $10,000 |
BILLY'S KASPER'S REAL ESTATE PURPOSE: COVID AID | $10,000 |