Economic Development Council Of Okaloosa County Florida Inc
- Assets
- $278.0k
- Revenue
- $672.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Fort Walton Beach, FL
- Founding
- 10/1987
- Data as of
- 09/2022
- EIN
- 59-2288214
Organization Overview
Economic Development Council Of Okaloosa County Florida Inc, operating under the name One Okaloosa, is located in Fort Walton Beach, FL. The organization was established in 1987. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, One Okaloosa employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Okaloosa 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 09/2022, One Okaloosa generated $672.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $640.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER ECONOMIC DEVELOPMENT WITHIN OKALOOSA COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER ECONOMIC DEVELOPMENT WITHIN OKALOOSA COUNTY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Nathan Sparks Executive Director | OfficerTrustee | 40 | $155,052 |
Lee Lewis Past-Chairman | OfficerTrustee | 2 | $0 |
Neko Stubblefield Member-At-Larage | OfficerTrustee | 2 | $0 |
Dr Devin Stephenson Nwfsc Ex Officio | OfficerTrustee | 2 | $0 |
Chad Vuyovich Treasurer | OfficerTrustee | 2 | $0 |
Marcus Chambers Public School Ex Officio | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $272,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,289 |
| Total Program Service Revenue | $3,290 |
| 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 | $4,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,279 |
| 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. | $163,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,225 |
| Pension plan accruals and contributions | $16,500 |
| Other employee benefits | $41,252 |
| Payroll taxes | $23,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,267 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,059 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,256 |
| All other expenses | $44,908 |
| Total functional expenses | $640,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $170 |
| Accounts receivable, net | $19,400 |
| 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 | $2,000 |
| 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 | $278,015 |
| Accounts payable and accrued expenses | $13,514 |
| 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 | $13,514 |
| Net assets without donor restrictions | $264,501 |
| 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 | $278,015 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic Development Council Of Okaloosa County Florida Inc has recieved totaling $15,462.
| Awarding Organization | Amount |
|---|---|
Enterprise Florida Inc Orlando, FL PURPOSE: MILITARY INSTALLATION AFFECTED BY BASE REALIGNMENT | $15,462 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Tri-County Community Council Inc Bonifay, FL | $6,451,084 | $10,551,381 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Economic Opportunities Council Of Indian River County Inc Vero Beach, FL | $1,869,765 | $6,434,584 |
Grand Avenue Economic Community Development Corp Orlando, FL | $15,324,319 | $6,865,821 |