Westerville Industry And Commerce Corpor

Organization Overview

Westerville Industry And Commerce Corpor is located in Westerville, OH. The organization was established in 2010. 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. Westerville Industry And Commerce Corpor 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 12/2021, Westerville Industry And Commerce Corpor generated $673.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $528.1k during the year ending 12/2021. While expenses have increased by 9.6% 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.

Since 2014, Westerville Industry And Commerce Corpor has awarded 76 individual grants totaling $1,981,558. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE, ENCOURAGE AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT OF THE CITY OF WESTERVILLE AND BLENDON, SHARON, ORANGE AND GENOA TOWNSHIPS BY SUCH MEANS AS WILL IMPROVE THE NORMAL GROWTH, EMPLOYMENT OPPORTUNITIES, STABILITY OF EMPLOYMENT IN EXISTING INDUSTRY, ADVANCEMENT OF THE INDUSTRIAL AND COMMERCIAL LIFE OF THE COMMUNITY AND TO STABILIZE THE GENERAL ECONOMY OF THE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE LOANS TO LOCAL BUSINESSES THAT PROMOTE OUR TAX EXEMPT PURPOSE. IF CERTAIN INCOME TAX REVENUES ARE GENERATED BY THE COMPANY WITHIN A SPECIFIED PERIOD OF TIME, THE LOANS ARE FORGIVEN.


PROVIDE GRANTS TO COMMERCIAL AND INDUSTRIAL COMPANIES THAT HAVE IMPLEMENTED ENERGY EFFICIENT PROJECTS.


PROVIDE GRANTS TO IMPROVE COMMERCIAL AND MIXED-USE BUILDING FACADES IN THE UPTOWN WESTERVILLE AREA.


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)Compensation
Janet Davis
Chairperson
$0
Karl Craven
Vicechairperson
$0
Jason Bechtold
Treasurer
$0
Rob Rishel
Secretary
$0
Kenneth Wright
Trustee
$0
Rick Rano
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$672,622
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$672,622
Total Program Service Revenue$16
Investment income $321
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 $672,959

Grants Awarded

Over the last fiscal year, Westerville Industry And Commerce Corpor has awarded $159,600 in support to 5 organizations.

Grant RecipientAmount

WESTARPOLARIS IV LLC

PURPOSE: Energy Grant

$70,471

WESTARPOLARIS III LLC

PURPOSE: Energy Energy

$68,230

BARREL AND BOAR

PURPOSE: Facade Grant

$9,994

OHIO FARMERS INSURANCE CO

PURPOSE: Energy Grant

$5,835

FAB GLASS AND MIRROR LLC

PURPOSE: Energy Grant

$5,070
View Grant Profile

Create an account to unlock the data you need.

or