Economic Development Authority For Citrus County
- Assets
- $233.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crystal River, FL
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2935682
Organization Overview
Economic Development Authority For Citrus County is located in Crystal River, FL. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Authority For Citrus County is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Economic Development Authority For Citrus County generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $16.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ACHIEVEMENT OF ECONOMIC DEVELOPMENT GOALS OF IMPROVING ECONOMIC CONDITIONS, LESSENING THE COST BURDENS OF LOCAL AND COUNTY GOVERNMENT AND ENHANCING EMPLOYMENT OPPORTUNITIES FOR CITRUS COUNTY FLORIDA RESIDENTS. THE CORPORATION SHALL SUPPORT TECHNICAL, MANAGEMENT AND FINANCIAL ASSISTANCE TO CREATE INCENTIVES AND FACILITATE PRIVATE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Taylor President | 5 | $0 | |
Vernon Lawter Secretary/treasurer | 5 | $0 | |
Dorthy Permue Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,578 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,578 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,325 |
| Occupancy, rent, utilities, and maintenance | $4,579 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,666 |
| Total expenses | $16,570 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,923 |
| Other assets | $0 |
| Total assets | $233,038 |
| Total liabilities | $0 |
| Net assets or fund balances | $233,038 |