Greater Columbus Economic Development Corporation
- Assets
- $522.6k
- Revenue
- $431.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Columbus, IN
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 81-0788139
Organization Overview
Greater Columbus Economic Development Corporation, operating under the name Greater Columbus Indiana Edc, is located in Columbus, IN. The organization was established in 2016. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Columbus Indiana Edc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Columbus Indiana Edc 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 12/2021, Greater Columbus Indiana Edc generated $431.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $420.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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
TO BUILD A WORLD-CLASS COMMUNITY BY ENHANCING THE QUALITY OF LIFE, ECONOMIC OPPORTUNITY AND PERSONAL WELL-BEING OF OUR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATIVE AND MARKETING SERVICES FOR THE RECRUITMENT OF NEW BUSINESSES: EDC WORKS AND ACTS AS THE COORDINATOR OF NEW BUSINESS RECRUITMENT ACTIVITIES FOR THE COMMUNITIES OF BARTHOLOMEW COUNTY, INDIANA. THESE ACTIVITIES INCLUDE ACTIVELY MARKETING AND SEEKING NEW BUSINESSES TO LOCATE IN COLUMBUS AND THE OTHER COMMUNITIES OF BARTHOLOMEW COUNTY, AND PROVIDING SITE LOCATION AND ECONOMIC DEVELOPMENT SERVICES AND ACTIVITIES TO THOSE POTENTIAL NEW BUSINESSES.
ADMINISTRATIVE AND MARKETING SERVICES FOR THE RETENTION AND EXPANSION OF EXISTING PRIMARY BUSINESSES: EDC WORKS AND ACTS AS THE COORDINATOR OF EXISTING BUSINESS RETENTION AND EXPANSION ACTIVITIES FOR THE COMMUNITIES OF BARTHOLOMEW COUNTY, INDIANA. THESE ACTIVITIES INCLUDE ACTIVELY MEETING ONE-ON-ONE WITH EXISTING PRIMARY BUSINESSES AND ENCOURAGING BUSINESS RETENTION BY IDENTIFYING AND ADDRESSING ANY IMPEDIMENTS TO INDIVIDUAL BUSINESS OPERATIONS OR BUSINESS NEEDS. SERVICES ALSO INCLDUE ALL NECESSARY ACTIVITIES RELATED TO BUSINESS EXPANSION INCLUDING, BUT NOT LIMITED TO, IDENTIFYING, ASSEMBLING, AND SUBMITTING APPLICABLE EXPANSION SPACE, SECURING STATE AND LOCAL INCENTIVE PACKAGES, AND OVERSEEING THE ENTIRE PROCESS.
INFRASTRUCTURE DEVELOPMENT: EDC WORKS IN A SUPPORTING ROLE TO LOCAL GOVERNMENT TO IDENTIFY NEEDED IMPROVEMENTS, EXPANSIONS, OR NEW INVESTMENTS WITH RESPECT TO ROAD ACCESS, WATER AND SEWER PROJECTS, AND OTHER PROJECTS DEEMED NECESSARY TO SUPPORT EXISTING AND NEW PROSPECTIVE BUSINESSES IN THE COMMUNITY. THIS INCLUDES, BUT IS NOT LIMITED TO, IDENTIFYING RELEVANT PROPERTY FOR ECONOMIC DEVELOPMENT PURPOSES INCLUDING BUSINESS RETENTION, EXPANSION, AND ATTRACTION PROJECTS, AND ADVISING RELEVANT PUBLIC AND PRIVATE-SECTOR STAKEHOLDERS ON NECESSARY DEVELOPMENT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hester President | OfficerTrustee | 40 | $132,332 |
Miranda Fox Treasurer | OfficerTrustee | 1 | $0 |
Tom Dowd Secretary | OfficerTrustee | 1 | $0 |
Brad Davis Vice-Chair | OfficerTrustee | 1 | $0 |
Scott Ballard Immediate Past Chair | OfficerTrustee | 1 | $0 |
Tony Miller Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $298,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $298,700 |
| Total Program Service Revenue | $131,714 |
| Investment income | $1,490 |
| 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 | $431,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,083 |
| 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. | $132,332 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,484 |
| Payroll taxes | $21,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,325 |
| Fees for services: Accounting | $9,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56,405 |
| Office expenses | $8,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,009 |
| Travel | $19,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,170 |
| Insurance | $2,852 |
| All other expenses | $0 |
| Total functional expenses | $420,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,346 |
| Savings and temporary cash investments | $160,104 |
| 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 | $5,850 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $522,603 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $522,603 |
| 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 | $522,603 |
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