Blount County Economic Development Council Inc
- Assets
- $131.2k
- Revenue
- $286.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Oneonta, AL
- Founding
- Data as of
- 12/2023
- EIN
- 47-1377409
Organization Overview
Blount County Economic Development Council Inc is located in Oneonta, AL. As of 12/2023, Blount County Economic Development Council Inc employed 2 individuals. Blount County Economic Development Council 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 12/2023, Blount County Economic Development Council Inc generated $286.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $264.7k during the year ending 12/2023. 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 INCREASE ECONOMIC OPPORTUNITIES FOR BLOUNT COUNTY, ALABAMA BY CREATING AN ATMOSPHERE FOR THE EXPANSION, RETENTION AND RECRUITMENT OF BUSINESSES THAT WILL RESULT IN JOB GROWTH AND IMPROVED QUAILITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUITMENT OF MAJOR RETAIL DEVELOPMENT TO WESTERN BLOUNT COUNTY TO INCLUDE FAST FOOD RESTAURANTS AND GAS STATION/TRAVEL CENTERS. ASSIST IN PROJECT PLANNING, OVERSIGHT AND CONSTRUCTION OF FACILITIES, AS WELL AS NEGOTIATIONS WITH UTILITIES AND CORPS OF ENGINEERS. APPLY FOR AND GRANT FUNDING FOR EXPANSION OF ROAD AND UTILITIES AND ASSISTANCE WITH PUBLIC PROCESSES FOR INCENTIVE PACKAGES
CREATION AND DEVELOPMENT OF EXISTING INDUSTRY PROGRAMS WHEREIN INDUSTRIES WERE EXPANDED OR CREATED AND EDUCATIONAL ROUNDTABLE PROGRAMS WERE CONDUCTED
RESEARCH GRANT OPPPORTUNITIES FOR THE IMPROVEMENTS OF INFRASTRUCTURE, EDUCATION AND PUBLIC SERVICES.RESEARCH REGARDING ECONOMIC DEVELOPMENT, WORKFORCE TRAINING AND ECONOMIC GROWTH OPPORTUNITIES.PROVIDE BOARD STAFF, DIRECTORS,STAKEHOLDERS, AND COUNTY AND MUNICIPAL OFFICIALS WITH TRAINING AND EDUCATIONAL OPPORTUNITIES IN THE AREAS OF BUSINESS RECRUITMENT AND RETENTION, ECONOMIC DEVELOPMENT, TOURISM AND STATE AND LOCAL INCENTIVES.PROVIDE ECONOMICAL SUPPORT TO THE COUNTY AND MUNICIPALITIES. PARTICIPATE IN REGIONAL AND STATE WIDE PLANNING AND WORKFORCE DEVELOPMENT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Mitchell Bcedc Managing Director | Officer | 40 | $106,360 |
Darren White Director | Trustee | 1 | $0 |
Bob Harvey Director | Trustee | 1 | $0 |
1 Williams Director | Trustee | 1 | $0 |
Kris Towns Director | Trustee | 1 | $0 |
David Hornsby Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $249,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,080 |
| Noncash contributions included in lines 1a–1f | $28,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,190 |
| Total Program Service Revenue | $0 |
| Investment income | $1,515 |
| 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 | $286,705 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,101 |
| Fees for services: Management | $173,664 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,525 |
| Office expenses | $4,402 |
| Information technology | $6,354 |
| Royalties | $0 |
| Occupancy | $28,084 |
| Travel | $8,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $703 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $264,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,164 |
| 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 | $1,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $131,219 |
| 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 | $2,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,000 |
| Net assets without donor restrictions | $129,219 |
| Net assets with donor restrictions | $0 |
| 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 | $131,219 |