Erie County Economic Development Co Inc
- Assets
- $0.0
- Revenue
- $32.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Sandusky, OH
- Founding
- Data as of
- 05/2018
- EIN
- 34-1530226
Organization Overview
Erie County Economic Development Co Inc is located in Sandusky, OH. As of 05/2018, Erie County Economic Development Co Inc employed 5 individuals. Erie County Economic Development Co Inc 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 05/2018, Erie County Economic Development Co Inc generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $73.1k during the year ending 05/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION REGIONAL COLLABORATION, SHARING OF RESOURCES AND IDEAS, AND THE CREATION OF A SUSTAINABLE ECONOMIC DEVELOPMENT PLATFORM FOR ERIE COUNTY TO RETAIN, GROW, AND ATTRACT INVESTMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STIMULATE ECONOMIC DEVELOPMENT IN THE ERIE COUNTY, OHIO REGION BY COLLABORATING WITH PUBLIC AND PRIVATE ORGANIZATIONS TO FACILITATE THE CREATION AND RETENTION OF JOBS; TO ASSIST WITH THE START-UP OF NEW BUSINESSES; TO ALLEVIATE UNEMPLOYMENT AND TO SERVE AS A LINK BETWEEN ALL ECONOMIC DEVELOPMENT EFFORTS IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Boyle Board Member | Trustee | 1 | $0 |
Larry Hetcher Board Member | Trustee | 1 | $0 |
Jim Forthofer Board Member | Trustee | 1 | $0 |
Dan Frederick Board Member | Trustee | 1 | $0 |
Brian Harr Board Member | Trustee | 1 | $0 |
Mary Jane Hill Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,525 |
| Noncash contributions included in lines 1a–1f | $9,491 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,016 |
| Total Program Service Revenue | $970 |
| Investment income | $18 |
| 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 | $32,019 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,108 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,289 |
| Payroll taxes | $3,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99 |
| 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 | $99 |
| Advertising and promotion | $726 |
| Office expenses | $22,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $33 |
| Total functional expenses | $73,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |