Fairborn Development Corporation
- Assets
- $1.9m
- Revenue
- $253.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairborn, OH
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 31-1628973
Organization Overview
Fairborn Development Corporation is located in Fairborn, OH. The organization was established in 2006. 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. Fairborn 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 12/2021, Fairborn Development Corporation generated $253.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $693.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF GREENE COUNTY, OHIO AND ITS MUNICIPAL CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE ACQUISITION FOR FUTURE ECONOMIC DEVELOPMENT
CREATED A TARGETED AND PRACTICAL ECONOMIC DEVELOPMENT STRATEGIC PLAN. THIS PLAN IS SPECIFICALLY DESIGNED TO JUMP START THE CITY'S RENEWED EFFORTS TO CAPITALIZE ON ITS UNIQUE DEVELOPMENT ASSETS, PRIME COMMERCIAL SETTING, AND MAJOR POTENTIAL PARTNERS.
SHARED SPACE CREATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Brock President | OfficerTrustee | $0 | |
Andrea Kunk Secretary/tr | OfficerTrustee | $0 | |
Michael Gebhart Executive Di | OfficerTrustee | $0 | |
Kevin Dewine Vice Preside | OfficerTrustee | $0 | |
Clint Allen Director | Trustee | $0 | |
Adam Fritzsche Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,121 |
| Total Program Service Revenue | $81,519 |
| Investment income | $90 |
| 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 | $253,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42 |
| Fees for services: Accounting | $3,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,287 |
| Advertising and promotion | $17,962 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,351 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,667 |
| Insurance | $2,338 |
| All other expenses | $2,280 |
| Total functional expenses | $693,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,936 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $922 |
| Net Land, buildings, and equipment | $1,829,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,879,640 |
| Accounts payable and accrued expenses | $0 |
| 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 | $213,929 |
| Total liabilities | $213,929 |
| Net assets without donor restrictions | $1,665,711 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,879,640 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairborn Development Corporation has recieved totaling $8,550.
| Awarding Organization | Amount |
|---|---|
Jobsohio Columbus, OH PURPOSE: Economic Development | $8,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |