Greater Gaston Development Corporation Inc is located in Gastonia, NC. The organization was established in 2015. 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 12/2020, Greater Gaston Development Corporation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Gaston Development Corporation Inc 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 12/2020, Greater Gaston Development Corporation Inc generated $565.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $620.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE GGDC'S MISSION IS TO SUPPORT AND IMPLEMENT DIRECTLY AND THROUGH OTHERS AN INITIATIVE WHICH IDENTIFIES AND ADVANCES A COORDINATED SET OF AMBITIOUSLY REALISTIC ACTIONS WHICH MEASURABLY STRENGTHEN THE FACTORS IMPACTING GASTON COUNTY'S ECONOMIC COMPETITIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POSITIVE ECONOMIC PROSPECTS OUR GASTON COUNTY COMMUNITY FACED IN 2019 DID NOT RANDOMLY APPEAR. THE GGDC, ALONG WITH THE PUBLIC AND PRIVATE SECTORS, WORKED COLLABORATIVELY TO POSITION GASTON COUNTY TO CREATE AND TAKE ADVANTAGE OF GROWTH OPPORTUNITIES. MUCH OF THE GGDC'S EARLY EFFORTS WERE GUIDED BY THE ORGANIZATION'S 2014 ALLIANCE FOR GROWTH PLAN, DEVELOPED IN PARTNERSHIP WITH OVER 100 GASTON COUNTY LEADERS, WHICH FOCUSED ON SEVEN STRATEGIC GROWTH PRIORITIES COMPRISED OF 1) COUNTYWIDE IMAGE BUILDING & MARKETING, 2) ENTREPRENEURIAL & SMALL BUSINESS GROWTH, 3) WORKFORCE PREPAREDNESS, 4) NEW & EXPANDED BUSINESS RECRUITMENT, 5) GROWTH & REGULATORY PROCESSES, 6) SITES, BUILDINGS, & INFRASTRUCTURE, AND 7) TRANSPORTATION & ACCESS. IN 2019, THE GGDC WAS ENGAGED IN A NUMBER OF ACTIVITIES IN SUPPORT OF ITS MISSION. ADVOCACY FOR TRANSPORTATION INFRASTRUCTURE INVESTMENTS, LIKE ADVANCING A COMPREHENSIVE MULTIJURISDICTIONAL MULTIMODAL TRANSPORTATION VISION FOR THE CHARLOTTE REGION, WAS A MAJOR COMPONENT OF GGDC EFFORTS. THE GASTON OUTSIDE CAMPAIGN, LAUNCHED IN JUNE 2016 TO BUILD AWARENESS WITHIN THE REAL ESTATE, BUSINESS, AND HOMEBUYER AUDIENCES OF ECONOMIC OPPORTUNITIES THROUGHOUT GASTON COUNTY, ENJOYED ITS MOST SUCCESSFUL YEAR TO DATE IN 2019. THE GGDC WAS ALSO INSTRUMENTAL IN THE CREATING, LEADING, AND SUPPORTING THE 2019 GASTON ECONOMIC DEVELOPMENT STRATEGY COMMITTEE AND RESULTING REPORT, WHICH LED TO A THIRD-PARTY ECONOMIC DEVELOPMENT ASSESSMENT OF GREATER GASTON. ASSESSMENT FINDINGS RESULTED IN ECONOMIC DEVELOPMENT BEING IDENTIFIED BY THE BOARD OF COUNTY COMMISSIONERS AS A HIGH PRIORITY FOR GASTON COUNTY IN 2020. SINCE THE ASSESSMENT'S DELIVERY IN LATE 2019, THE GGDC WORKED IN CLOSE PARTNERSHIP WITH THE COUNTY MANAGER'S OFFICE AND PARTNERS TO DEVELOP A COMPREHENSIVE COUNTYWIDE ECONOMIC DEVELOPMENT STRATEGY, HELPING LEAD GASTON COUNTY TO A PROSPEROUS AND ROBUST ECONOMIC FUTURE. FOR THE IMPORTANT WORK OF THE GGDC, THE ORGANIZATION WAS RECOGNIZED IN TWO 2019 MOMENTS FOR ITS YEARS' WORTH OF COLLABORATIVE EFFORTS: FEBRUARY 2019 - THE GGDC RECEIVED THE ANNUAL EPIC AWARD FROM THE MONTCROSS CHAMBER OF COMMERCE FOR INNOVATIVE COLLABORATIVE STRATEGIES AND APPROACHES. MAY 2019 - THE GGDC RECEIVED THE ANNUAL COMMUNITY LEADERSHIP AWARD FROM THE GASTON TOGETHER: COMMUNITIES OF EXCELLENCE IN RECOGNITION OF THE GASTON OUTSIDE (GO) IMAGE AND MARKETING CAMPAIGN. MOVING INTO 2020, THE GGDC LOOKS FORWARD TO CREATING AN ENVIRONMENT OF STRATEGIC LEVEL THINKING AMONG PARTNERS, ALIGNING THE PUBLIC, PRIVATE, AND NONPROFIT SECTORS AROUND A HOLISTIC VISION OF GASTON COUNTY'S FUTURE, AND WORKING AGGRESSIVELY TO ACHIEVE THIS VISION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Greg Botner Chairman | OfficerTrustee | 2 | $0 |
Chris Peek Vice Chairma | OfficerTrustee | 2 | $0 |
Joel Long Immediate Pa | OfficerTrustee | 1 | $0 |
Tim Efird Secretary/tr | OfficerTrustee | 2 | $0 |
Rick Craig Trustee | Trustee | 1 | $0 |
Bob Clay Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $293,150 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $219,158 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $512,308 |
Total Program Service Revenue | $53,125 |
Investment income | $22 |
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 | $565,455 |
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. | $162,500 |
Compensation of current officers, directors, key employees. | $162,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $124,833 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $15,782 |
Fees for services: Management | $30 |
Fees for services: Legal | $0 |
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 | $10,000 |
Advertising and promotion | $1,887 |
Office expenses | $27,547 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $77 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,456 |
All other expenses | $0 |
Total functional expenses | $620,495 |
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 |
Net assets without donor restrictions | $0 |
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 | $0 |