Orlando Economic Partnership Inc
- Assets
- $11.3m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 63
- Location
- Orlando, FL
- Founding
- 04/1978
- Data as of
- 09/2023
- EIN
- 59-1767933
Organization Overview
Orlando Economic Partnership Inc, operating under the name Fka Economic Development Commission Of Mid-Florida Inc, is located in Orlando, FL. The organization was established in 1978. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Fka Economic Development Commission Of Mid-Florida Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fka Economic Development Commission Of Mid-Florida 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 09/2023, Fka Economic Development Commission Of Mid-Florida Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $11.7m during the year ending 09/2023. While expenses have increased by 9.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
ORLANDO ECONOMIC PARTNERSHIP, FORMERLY KNOWN AS ECONOMIC DEVELOPMENT COMMISSION OF MID-FLORIDA, INC., IS A NOT-FOR-PROFIT, PRIVATE/PUBLIC PARTNERSHIP SERVING THE METRO ORLANDO REGION - ORANGE, SEMINOLE, BREVARD, OSCEOLA, POLK, VOLUSIA, AND LAKE COUNTIES AND THE CITY OF ORLANDO. WE MARKET THE ORLANDO REGION WORLDWIDE AS A TOP LOCATION FOR BUSINESS IN ORDER TO ATTRACT, RETAIN AND GROW COMPANIES, JOBS AND CAPITAL INVESTMENT FOR THE REGION. IN ADDITION, WE WORK WITH LOCAL COMPANIES TO ASSIST THEM WITH EXPANSION PLANS AND OTHER BUSINESS CONCERNS. THE ORLANDO ECONOMIC PARTNERSHIP IS ALSO THE HOME TO THE ORLANDO FILM COMMISSION, WHICH MARKETS THE REGION AS A TOP PRODUCTION LOCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT PROGRAM - FOR FISCAL YEAR ENDED SEPTEMBER 30, 2023, THE ORLANDO ECONOMIC PARTNERSHIP IS PROUD TO REPORT THAT COMPANIES WE WORKED WITH ANTICIPATE TO CREATE 4,303 NEW JOBS OVER THE NEXT THREE TO FIVE YEARS AND OVER $620,000,300 IN CAPITAL INVESTMENT FROM THOSE ECONOMIC DEVELOPMENT PROJECTS.
THE "UNBELIEVABLY REAL" CAMPAIGN LAUNCHED IN 2023. FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2023 MORE THAN 254 LEADS WERE GENERATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Adams Director | Trustee | 1 | $0 |
Steve Alch Director | Trustee | 1 | $0 |
Brandon Arrington Director | Trustee | 1 | $0 |
Randy Avent Director | Trustee | 1 | $0 |
Yiorgos Bakamitsos Director | Trustee | 1 | $0 |
Tim Baker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,155,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $6,155,750 |
| Total Program Service Revenue | $4,889,374 |
| Investment income | $0 |
| 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 | $11,054,995 |
| 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. | $1,661,381 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,075,085 |
| Pension plan accruals and contributions | $15,132 |
| Other employee benefits | $272,577 |
| Payroll taxes | $1,183,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $129,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $860,162 |
| Advertising and promotion | $1,161,271 |
| Office expenses | $72,244 |
| Information technology | $606,191 |
| Royalties | $0 |
| Occupancy | $75,977 |
| Travel | $588,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,273 |
| Interest | $98,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819,243 |
| Insurance | $46,710 |
| All other expenses | $18,753 |
| Total functional expenses | $11,718,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $822,818 |
| 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 | $262,596 |
| Net Land, buildings, and equipment | $2,647,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,434,367 |
| Total assets | $11,287,756 |
| Accounts payable and accrued expenses | $1,546,796 |
| Grants payable | $0 |
| Deferred revenue | $326,250 |
| 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 | $4,324,128 |
| Total liabilities | $6,197,174 |
| Net assets without donor restrictions | $5,090,582 |
| 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 | $11,287,756 |