Bradenton Area Economic Development Corporation

Organization Overview

Bradenton Area Economic Development Corporation is located in Bradenton, FL. The organization was established in 2012. 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, Bradenton Area Economic Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradenton Area Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, Bradenton Area Economic Development Corporation generated $292.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $296.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE BRADENTON AREA EDC WORKS TO DIVERSIFY THE LOCAL ECONOMY BY ATTRACTING AND RETAINING HIGH-WAGE JOBS FOR AREA RESIDENTS, AND CONNECTING ESTABLISHED BUSINESSES TO THE RESOURCES THEY NEED TO SUCCEED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS RETENTION/EXPANSION: TO RETAIN EXISTING HIGH-IMPACT BUSINESSES IN MANATEE COUNTY FLORIDA BY ASSISTING WITH FACILITY EXPANSIONS, WORKFORCE ISSUES, CONNECTIONS TO GRANTS, INCENTIVES, INFORMATION RESOURCES AND INTERNATIONAL TRADE.


BUSINESS RETENTION/EXPANSION: TO ATTRACT NEW, HIGH-IMPACT COMPANIES TO MANATEE COUNTY BY ESTABLISHING AN ACTIVE, PROSPECT-DRIVEN OUTREACH MARKETING PROGRAM THAT BUILDS UPON DIFFERENTIATING RESOURCES, ESTABLISHED INTERNATIONAL CONNECTIONS, POSITIVE BUSINESS ENVIRONMENT AND AN ATTRACTIVE QUALITY OF LIFE.


WORKFORCE DEVELOPMENT: TO IDENTIFY, DEVELOP, AND CONNECT WORKFORCE RESOURCES AND TALENT TO SUPPORT THE GROWTH OF EXISTING AND TARGETED NEW INDUSTRIES, WHICH CREATE EMPLOYMENT OPPORTUNITIES IN SUSTAINABLE, HIGH-SKILL, HIGH-WAGE JOBS. CONNECT BUSINESSES WITH INFORMATION ABOUT WORKFORCE GRANTS AND TRAINING PROGRAMS AVAILABLE AT THE FEDERAL, STATE, REGIONAL AND LOCAL LEVEL. INTERACT WITH REGIONAL COLLEGES, UNIVERSITIES AND TECHNOLOGY COMPANIES TO PROMOTE TECHNOLOGY DEVELOPMENT, GRANT/RESEARCH COLLABORATION, THE BUILDING OF START-UP COMPANIES, AND TO ENCOURAGE MORE STUDENTS TO PURSUE TECHNOLOGY STUDIES.


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Board, Officers & Key Employees

Name (title)Compensation
Sharon Hillstrom
President & CEO
$229,971
David Sessions
Chair
$0
Nathan Bailey
Treasurer
$0
Brian Volner
Past Chair
$0
Dr Karen Holbrook
Secretary
$0
Ben Hanan
Chair-Elect
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $131,766
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$131,766
Total Program Service Revenue$115,813
Investment income $13,507
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $31,308
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $292,436

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bradenton Area Economic Development Corporation has recieved totaling $5,900.

Awarding OrganizationAmount
Gulf Coast Community Foundation Inc

Venice, FL

PURPOSE: CIVIC

$5,900
View Grant Recipient Profile

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