Economic Council Of Martin County Inc
- Assets
- $83.1k
- Revenue
- $219.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Stuart, FL
- Founding
- 07/1987
- Data as of
- 12/2020
- EIN
- 59-2597572
Organization Overview
Economic Council Of Martin County Inc is located in Stuart, 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 12/2020, Economic Council Of Martin County Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Council Of Martin County 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, Economic Council Of Martin County Inc generated $219.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $214.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENSURE MARTIN COUNTY IS A SUSTAINABLE, QUALITY COMMUNITY AND PROMOTE ITS ECONOMIC WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SPEAKERS AND INFORMATION ON CURRENT TOPICS OF INTEREST TO OUR MEMBERS TO AID IN DEVELOPING POLICIES THAT ENSURE MARTIN COUNTY IS A SUSTAINABLE, QUALITY COMMUNITY.
TOGETHER MARTIN- AN INITIATIVE TO BRING TOGETHER COMMUNITY LEADERS FROM ACROSS ALL SECTORS OF THE COMMUNITY TO DEVELOP A COMMON GOAL AND INCREASE COLLABORATION IN ORDER TO CARE FOR YOUTH FROM CRADLE TO CAREER.
PROVIDED SPEAKERS AND INFORMATION ON CURRENT TOPICS OF INTEREST TO OUR MEMBERS TO AID IN DEVELOPING POLICIES THAT ENSURE MARTIN COUNTY IS A SUSTAINABLE, QUALITY COMMUNITY.
TOGETHER MARTIN- AN INITIATIVE TO BRING TOGETHER COMMUNITY LEADERS FROM ACROSS ALL SECTORS OF THE COMMUNITY TO DEVELOP A COMMON GOAL AND INCREASE COLLABORATION IN ORDER TO CARE FOR YOUTH FROM CRADLE TO CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Astolfi CEO | Officer | 40 | $100,100 |
Eric Kiehn Chairman | OfficerTrustee | 2 | $0 |
Jamil Mikati Secretary | OfficerTrustee | 2 | $0 |
Bill West Past Chairman | OfficerTrustee | 2 | $0 |
Elizabeth Fedele Director | Trustee | 1 | $0 |
Charlie Page Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| 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 | $20,000 |
| Total Program Service Revenue | $192,925 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,432 |
| 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. | $100,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,920 |
| 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 | $3,403 |
| Information technology | $255 |
| Royalties | $0 |
| Occupancy | $14,301 |
| Travel | $134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,631 |
| Interest | $127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,466 |
| All other expenses | $2,014 |
| Total functional expenses | $214,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47 |
| Savings and temporary cash investments | $82,292 |
| 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 | $749 |
| Total assets | $83,088 |
| Accounts payable and accrued expenses | $3,035 |
| Grants payable | $0 |
| Deferred revenue | $65,250 |
| 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 | $0 |
| Total liabilities | $68,285 |
| 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 | $14,803 |
| Total liabilities and net assets/fund balances | $83,088 |
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 |