Empowering Ohio's Economy Inc
- Assets
- $60.7k
- Revenue
- $658.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- Data as of
- 12/2022
- EIN
- 47-2628428
Organization Overview
Empowering Ohio's Economy Inc is located in Columbus, OH. Empowering Ohio's Economy Inc 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 12/2022, Empowering Ohio's Economy Inc generated $658.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (72.1%) each year. All expenses for the organization totaled $239.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Empowering Ohio's Economy Inc has awarded 41 individual grants totaling $8,025,350. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED TO PROMOTE ECONOMIC AND BUSINESS DEVELOPMENT WITHIN OHIO, FOR THE PURPOSE OF BRINGING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS. IT WILL ENCOURAGE JOB GROWTH AND ECONOMIC DEVELOPMENT IN THE COMMUNITY BY (1) PROMOTING THE ADVANTAGES OF OHIO'S FAVORABLE BUSINESS CLIMATE TO PROSPECTIVE BUSINESSES, MANUFACTURERS AND EMPLOYERS, INCLUDING THE BENEFITS OF ITS ABUNDANT AND AFFORDABLE ENERGY, (2) PROMOTING OHIO AS WELL-SUITED TO HOST AND SUPPORT MAJOR CONVENTIONS OR SIMILAR EVENTS AND AS AN ATTRACTIVE DESTINATION FOR TRAVEL, BUSINESS MEETINGS AND VACATIONS, AND (3) LESSENING THE BURDENS ON STATE, COUNTY, AND LOCAL GOVERNMENT ENTITIES BY ASSISTING THEM IN THE PROMOTION OF THE COMMUNITY TO A NATIONWIDE AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING OHIO AS WELL-SUITED TO HOST AND SUPPORT MAJOR CONVENTIONS OR SIMILAR EVENTS AND AS AN ATTRACTIVE DESTINATION FOR TRAVEL, BUSINESS MEETINGS AND VACATIONS. THE METHODS FOR ACHIEVING THESE PURPOSES INCLUDE FUNDING AND HOSTING MAJOR CONVENTIONS AND MEETINGS VIA INTERNET, PROFESSIONAL ORGANIZATIONS, AND SOCIAL MEDIA EDUCATION TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Blankenbecler Director | Trustee | 3 | $0 |
Jo Ann Davidson Sec.-Treas./ | Trustee | 2 | $0 |
Tom Froehle Director | Trustee | 2 | $0 |
Jb Hadden President/di | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $658 |
| 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 | $658 |
| 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 | $223,687 |
| Fees for services: Accounting | $11,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,162 |
| All other expenses | $25 |
| Total functional expenses | $239,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,743 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,743 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $60,743 |
| 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 | $60,743 |
Grants Awarded
Over the last fiscal year, Empowering Ohio's Economy Inc has awarded $1,605,350 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIBERTY OHIO PURPOSE: PUBLIC EDUCATION | $50,000 |
OPEN ROAD PATH PURPOSE: ANNUAL GIVING | $1,005,350 |
REACHING EVERYONE IN DISTRESS PURPOSE: ANNUAL GIVING | $50,000 |
COALITION FOR TERM LIMITS INC PURPOSE: ADVOCACY | $500,000 |