Nassau County Economic Development Board Inc
- Assets
- $309.3k
- Revenue
- $329.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Yulee, FL
- Founding
- 06/1997
- Data as of
- 09/2021
- EIN
- 59-3293246
Organization Overview
Nassau County Economic Development Board Inc is located in Yulee, FL. The organization was established in 1997. As of 09/2021, Nassau County Economic Development Board Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nassau County Economic Development Board Inc 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 09/2021, Nassau County Economic Development Board Inc generated $329.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $275.3k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMITMENT TO SUPPORT OPPORTUNITIES ACROSS NASSAU COUNTY TO SUSTAIN, EXPAND, AND DIVERSIFY ECONOMIC PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED NASSAU COUNTY TO POTENTIAL BUSINESSES LOOKING TO RELOCATE AND EXPAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Mitchell Executive Di | Officer | 40 | $69,100 |
Carmen North Vice-Chairma | OfficerTrustee | 2 | $0 |
Randy Knagge Treasurer | OfficerTrustee | 1 | $0 |
James Weaver Chairman | OfficerTrustee | 2 | $0 |
Michael Cassel Board Member | Trustee | 1 | $0 |
Chris Corr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,220 |
| Total Program Service Revenue | $0 |
| Investment income | $109 |
| 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 | $329,329 |
| 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. | $69,100 |
| Compensation of current officers, directors, key employees. | $17,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,365 |
| 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 | $86,201 |
| Advertising and promotion | $33,651 |
| Office expenses | $12,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,096 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,918 |
| Insurance | $645 |
| All other expenses | $0 |
| Total functional expenses | $275,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,711 |
| Savings and temporary cash investments | $212,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| Total assets | $309,335 |
| Accounts payable and accrued expenses | $10,888 |
| 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 | $10,888 |
| Net assets without donor restrictions | $298,447 |
| 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 | $309,335 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nassau County Economic Development Board Inc has recieved totaling $10,008.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Equal Justice Initiative Montgomery, AL | $336,552,200 | $133,071,261 |
Christian Advocates Serving Evangelism Inc Brentwood, TN | $92,802,037 | $76,849,372 |
Faith And Freedom Coalition Inc Duluth, GA | $9,626,243 | $29,681,130 |
New Georgia Project Incorporated Atlanta, GA | $16,767,177 | $13,797,069 |
United South & Eastern Tribes Inc Nashville, TN | $5,371,988 | $13,134,667 |
Florida Rising Together Inc Miami, FL | $15,815,633 | $14,724,108 |
Bvm Capacity Building Institute Inc Atlanta, GA | $13,219,139 | $14,134,191 |
One Generation Away Franklin, TN | $2,344,589 | $12,266,416 |