Georgia Economic Developers Association Inc
- Assets
- $1.0m
- Revenue
- $649.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Marietta, GA
- Founding
- 10/1976
- Data as of
- 12/2021
- EIN
- 58-1265989
Organization Overview
Georgia Economic Developers Association Inc is located in Marietta, GA. The organization was established in 1976. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Georgia Economic Developers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Economic Developers Association Inc 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 12/2021, Georgia Economic Developers Association Inc generated $649.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $657.6k during the year ending 12/2021. While expenses have increased by 2.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO FURTHER THE ECONOMIC DEVELOPMENT OF THE STATE OF GEORGIA AND TO ACHIEVE A CLOSER WORKING RELATIONSHIP AMONG THE VARIOUS INDIVIDUALS SO ENGAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, WORKSHOPS & CONFERENCES - MONTHLY MEETINGS, SPRING WORKSHOP, ANNUAL CONFERENCE - INCREASE EFFECTIVENESS OF MEMBERS BY ENCOURAGING COOPERATION, EXCHANGING INFORMATION, AND IMPROVING PROFESSIONAL SKILLS MONTHLY MEETINGS - 6 MEETINGS, TOTAL ATTENDANCE 737 PERSONS; SPRING WORKSHOP - TOTAL ATTENDANCE - 216 PERSONS; ANNUAL CONFERENCE - TOTAL ATTENDANCE - 451 PERSONS.
COMMITTEE ACTIVITIES - DEVELOP INFORMATION ON ECONOMIC DEVELOPMENT ISSUES TO DISSEMINATE VIA MONTHLY & SPECIAL MEETINGS, SPRING WORKSHOP, ANNUAL CONFERENCE, PRINT AND ELECTRONIC COMMUNICATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Shea President | Officer | 40 | $164,916 |
Andrea Schruijer Chairman | OfficerTrustee | 2 | $0 |
Benjy Thompson 1st Vice Cha | OfficerTrustee | 2 | $0 |
Dorie Bacon 2nd Vice Cha | OfficerTrustee | 2 | $0 |
Chris Pumphrey Immed Past C | OfficerTrustee | 2 | $0 |
Trip Tollison Secretary/tr | OfficerTrustee | 2 | $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 | $599,554 |
| Investment income | $7,438 |
| 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 | $649,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,898 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,473 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,920 |
| Pension plan accruals and contributions | $5,392 |
| Other employee benefits | $0 |
| Payroll taxes | $15,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,335 |
| Fees for services: Lobbying | $60,130 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,764 |
| Information technology | $14,243 |
| Royalties | $0 |
| Occupancy | $22,072 |
| Travel | $3,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $827 |
| Insurance | $2,670 |
| All other expenses | $91 |
| Total functional expenses | $657,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,413 |
| Savings and temporary cash investments | $628,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,748 |
| 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 | $2,452 |
| Net Land, buildings, and equipment | $864 |
| Investments—publicly traded securities | $323,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,158 |
| Total assets | $1,021,839 |
| Accounts payable and accrued expenses | $7,064 |
| Grants payable | $0 |
| Deferred revenue | $173,190 |
| 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 | $18,507 |
| Total liabilities | $198,761 |
| Net assets without donor restrictions | $823,078 |
| 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 | $1,021,839 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Economic Developers Association Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Georgia Association Of Realtors Inc Atlanta, GA PURPOSE: FINANCIAL ASSISTANCE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |