Economic Development Corporation Of Sarasota County

Organization Overview

Economic Development Corporation Of Sarasota County is located in Sarasota, FL. The organization was established in 2004. 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 09/2021, Economic Development Corporation Of Sarasota County employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Corporation Of Sarasota County 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 09/2021, Economic Development Corporation Of Sarasota County generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE AND FOSTER ECONOMIC OPPORTUNITIES IN COLLABORATION WITH COMMUNITY AND REGIONAL PARTNERS TO DIVERSIFY,GROW AND SUSTAIN OUR ECONOMY WHILE ENHANCING OUR UNIQUE NATURAL AND CULTURAL ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ASSIST EXPANSION OF EXISTING COMPANIES, ATTRACT & RETAIN QUALITY JOBS, SOLICIT NEW BUSINESS, PROMOTE SARASOTA COUNTY'S BUSINESS IMAGE, AND ENHANCE SARASOTA COUNTY'S OVERALL QUALITY OF LIFE.


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Board, Officers & Key Employees

Name (title)Compensation
David Bullock
Former President/ceo
$172,500
Charlie Murphy
Chair
$0
Art Lambert
Past Chair
$0
Erin Cigich
Secretary
$0
Joseph C Hembree
Vice Chair
$0
Rob Lane
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$230,350
Fundraising events$0
Related organizations$0
Government grants $1,029,189
All other contributions, gifts, grants, and similar amounts not included above$177,585
Noncash contributions included in lines 1a–1f $147,640
Total Revenue from Contributions, Gifts, Grants & Similar$1,437,124
Total Program Service Revenue$0
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 $1,258
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,438,382

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Economic Development Corporation Of Sarasota County has recieved totaling $18,000.

Awarding OrganizationAmount
Gulf Coast Community Foundation Inc

Venice, FL

PURPOSE: CIVIC

$11,500
Ringling College Of Art And Design Inc

Sarasota, FL

PURPOSE: GENERAL SUPPORT

$6,500
View Grant Recipient Profile

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