Walton County Economic Development Council
- Assets
- $3.3m
- Revenue
- $495.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Defuniak Springs, FL
- Founding
- 04/1992
- Data as of
- 09/2022
- EIN
- 59-3040006
Organization Overview
Walton County Economic Development Council is located in Defuniak Springs, FL. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walton County Economic Development Council 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, Walton County Economic Development Council generated $495.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $552.0 during the year ending 09/2022. While expenses have increased by 2.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE WALTON COUNTYS DRIVING FORCE FOR A COLLABORATIVE LEADERSHIP LEVERAGED BY PUBLIC AND PRIVATE MEMBERS TO RETAIN AND ATTRACT BUSINESSES AND PROMOTE SUSTAINABLE GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE WALTON COUNTY ECONOMIC DEVELOPMENT ALLIANCE IN THEIR MISSION TO BE WALTON COUNTYS DRIVING FORCE FOR A COLLABORATIVE LEADERSHIP, LEVERAGED BY PUBLIC AND PRIVATE MEMBERS, WORKING TO RETAIN AND ATTRACT BUSINESSES, PROMOTE SUSTAINABLE DEVELOPMENT, ADDRESS INFRASTRUCTURE CHALLENGES AND IMPROVE QUALITY OF LIFE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Glidewell Chairman | OfficerTrustee | 2 | $0 |
Robert Campbell Vice Chairman | OfficerTrustee | 2 | $0 |
Matthew Avery Treasurer | OfficerTrustee | 2 | $0 |
Bill Imfeld Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,360 |
| 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 | $495,360 |
| Total Program Service Revenue | $0 |
| 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 | $495,360 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,321 |
| 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 | $11,500 |
| Other assets | $3,218,036 |
| Total assets | $3,324,857 |
| 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 | $1,607,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $215,515 |
| Total liabilities | $1,823,460 |
| Net assets without donor restrictions | $1,501,397 |
| 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 | $3,324,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
University Area Community Development Corporation Inc Tampa, FL | $12,749,613 | $5,875,333 |
Fcs Urban Ministries Inc Atlanta, GA | $14,341,492 | $9,768,608 |
Pinellas Opportunity Council Inc Saint Petersburg, FL | $578,079 | $5,188,164 |
Florida Police Benevolent Association Inc Doral, FL | $8,588,040 | $5,522,405 |
St Johns County Vistors And Conventions Bureau Inc Saint Augustine, FL | $560,648 | $4,879,168 |
Guardianship Program Of Dade County Inc Miami, FL | $6,239,142 | $6,337,030 |
Community Action Agency Talladega Clay Randolph Calhoun & Cleburne Talladega, AL | $1,431,031 | $4,342,030 |
Gadsden Progress Council Gadsden, AL | $1,027,271 | $4,174,872 |
Corporation To Develop Communities Of Tampa Inc Tampa, FL | $16,082,623 | $4,993,139 |