Hardee County Economic Development Council Inc

Organization Overview

Hardee County Economic Development Council Inc, operating under the name The Development Group, is located in Wauchula, FL. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Development Group employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Development Group 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 09/2022, Development Group generated $805.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $665.7k during the year ending 09/2022. While expenses have increased by 11.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THIS ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ASSIST WITH THE ORDERLY, PROGRESSIVE ECONOMIC DIVERSIFICATION OF HARDEE COUNTY, WHICH WILL ENSURE A SUPERIOR QUALITY OF LIFE THROUGH PUBLIC AND PRIVATE ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENT IS TO MAXIMIZE THE ORDERLY, PROGRESSIVE ECONOMIC DIVERSIFICATION OF HARDEE COUNTY TO HELP ENSURE A SUPERIOR QUALITY OF LIFE.


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Board, Officers & Key Employees

Name (title)Compensation
Barney Cherry
Vice-Chairma
$0
Lee Mikell
Chairman
$0
Gene Davis
Director
$0
Calli Ward
Director
$0
Courtney Green
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $794,858
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$794,858
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $11,000
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 $805,858

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Hardee County Economic Development Council Inc has recieved totaling $18,591.

Awarding OrganizationAmount
West Central Florida Disasterservices Incorporated

Saint Petersburg, FL

PURPOSE: Emergency Services

$6,197
West Central Florida Disasterservices Incorporated

Saint Petersburg, FL

PURPOSE: Emergency Services

$6,197
West Central Florida Disasterservices Incorporated

Saint Petersburg, FL

PURPOSE: Emergency Services

$6,197
View Grant Recipient Profile

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