Gadsden Commercial Development Authority
- Assets
- $50.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gadsden, AL
- Founding
- 01/2005
- Data as of
- 12/2021
- 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 12/2021, Gadsden Commercial Development Authority generated $125.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $124.3k during the year ending 12/2021. While expenses have increased by 0.1% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesa Osborn Exec Director | 40 | $77,183 | |
Carrie Machen Secretary | 0 | $0 | |
Scott Hindsman Director | 0 | $0 | |
Wilber Masters Director | 0 | $0 | |
Bethanne Mashburn Director | 0 | $0 | |
Chris Robinson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $125,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $93,081 |
| Professional fees and other payments to independent contractors | $4,263 |
| Occupancy, rent, utilities, and maintenance | $1,515 |
| Printing, publications, postage, and shipping | $204 |
| Other expenses | $25,219 |
| Total expenses | $124,282 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,826 |
| Other assets | $0 |
| Total assets | $50,037 |
| Total liabilities | $2,388 |
| Net assets or fund balances | $47,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Mississippi Planning And Development District Inc Gulfport, MS | $44,385,657 | $33,837,059 |
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Tampa Bay Convention & Visitors Bureau Inc Tampa, FL | $9,049,029 | $16,723,785 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |