Tuscarawas County Economic Development Corporation
- Assets
- $99.5k
- Revenue
- $388.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Dover, OH
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2415277
Organization Overview
Tuscarawas County Economic Development Corporation is located in Dover, OH. The organization was established in 2019. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2022, Tuscarawas County Economic Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuscarawas County Economic Development Corporation 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 12/2022, Tuscarawas County Economic Development Corporation generated $388.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $418.6k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 4 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
THE ORGANIZATION IS DEDICATED TO STRENGTHENING THE ECONOMY IN TUSCARAWAS COUNTY. THE EDC PROVIDES A WIDE RANGE OF FINANCIAL TOOLS, ECONOMIC DEVELOPMENT RESOURCES, AND INFORMATION TO COMMERCIAL BUSINESSES AND BUILDERS IN THE COUNTY. THE EDC MANAGES THE ECONOMIC DEVELOPMENT & FINANCE ALLIANCE (EDFA) AND COMMUNITY IMPROVEMENT CORPORATION (CIC) OF TUSCARAWAS COUNTY, SERVING AS YOUR ONE POINT OF CONTACT FOR ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO STRENGTHENING THE ECONOMY IN TUSCARAWAS COUNTY. THE EDC PROVIDES A WIDE RANGE OF FINANCIAL TOOLS, ECONOMIC DEVELOPMENT RESOURCES, AND INFORMATION TO COMMERCIAL BUSINESSES AND BUILDERS IN THE COUNTY. THE EDC MANAGES THE ECONOMIC DEVELOPMENT & FINANCE ALLIANCE (EDFA) AND COMMUNITY IMPROVEMENT CORPORATION (CIC) OF TUSCARAWAS COUNTY, SERVING AS YOUR ONE POINT OF CONTACT FOR ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hovan Chairperson | OfficerTrustee | 2 | $0 |
Steve Stokey Vice Chairperson | OfficerTrustee | 1 | $0 |
Dour Peterman Sr Treasurer | OfficerTrustee | 2 | $0 |
Shane Gunnoe Director | Trustee | 1 | $0 |
Joel Day Director | Trustee | 1 | $0 |
Mark Haney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,040 |
| Total Program Service Revenue | $327,276 |
| 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 | $388,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350 |
| 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. | $238,857 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,557 |
| Pension plan accruals and contributions | $3,685 |
| Other employee benefits | $18,850 |
| Payroll taxes | $23,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,532 |
| Advertising and promotion | $3,830 |
| Office expenses | $2,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,731 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $738 |
| All other expenses | $333 |
| Total functional expenses | $418,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,377 |
| 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 | $99,497 |
| Accounts payable and accrued expenses | $3,490 |
| 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 | $3,490 |
| 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 | $96,007 |
| Total liabilities and net assets/fund balances | $99,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Alpaugh Family Economic Center For Educational And Research Cincinnati, OH | $6,995,909 | $2,190,589 |
Detroit Economic Club Detroit, MI | $3,415,666 | $1,470,575 |
Partnership For Economics Education And Research Ann Arbor, MI | $1,615,456 | $2,012,260 |
Tuscarawas County Economic Development Corporation Dover, OH | $99,497 | $388,316 |
Michigan Council On Economic Education Sterling Heights, MI | $105,657 | $0 |
Association For University Business And Economic Research Auber Muncie, IN | $240,771 | $0 |
Mansfield-Richland Area Edu Fndtn Inc Mansfield, OH | $439,548 | $0 |
Americas Turning Point Inc Crown Point, IN | $1,107,814 | $1,100,100 |