Gadsden Commercial Development Authority
- Assets
- $49.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gadsden, AL
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-0726578
Organization Overview
Gadsden Commercial Development Authority is located in Gadsden, AL. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gadsden Commercial Development Authority is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Gadsden Commercial Development Authority generated $113.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $92.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE AUTHORITY IS TO CREATE AND RETAINCOMMUNITY WEALTH, IMPROVE QUALITY OF LIFE, BUSINESSGROWTH AND JOB CREATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Moore Executive Director | 0 | $0 | |
Lesa Osborn Former Exec Director | 40 | $41,910 | |
Carrie Machen Vice President | 0 | $0 | |
Scott Hindsman Treasurer | 0 | $0 | |
Chris Robinson Secretary | 0 | $0 | |
Hugh Miller President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $113,750 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,508 |
| Professional fees and other payments to independent contractors | $2,954 |
| Occupancy, rent, utilities, and maintenance | $1,505 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,989 |
| Total expenses | $91,956 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,659 |
| Other assets | $0 |
| Total assets | $49,178 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,178 |