Economic Development Commission Of Floridas Space Coast

Organization Overview

Economic Development Commission Of Floridas Space Coast is located in Rockledge, FL. The organization was established in 1990. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Economic Development Commission Of Floridas Space Coast employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Commission Of Floridas Space Coast 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 Commission Of Floridas Space Coast generated $2.7m 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 $2.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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 PROMOTE AND FOSTER ECONOMIC AND INDUSTRIAL DEVELOPMENT IN BREVARD COUNTY, FLORIDA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ECONOMIC DEVELOPMENT COMMISSION OF FLORIDA'S SPACE COAST IS AN INNOVATIVE, COUNTYWIDE, NOT-FOR-PROFIT WORKING CLOSELY WITH THE SPACE COAST BUSINESS COMMUNITY, BUSINESS LEADERS, CHAMBERS OF COMMERCE, LOCAL AND STATE GOVERNMENT LEADERS, AND COMMUNITY ORGANIZATIONS. THE EDC IS DEDICATED TO ATTRACTING NEW BUSINESS AND INVESTMENT AND EXPANDING EXISTING INDUSTRY THROUGHOUT THE SPACE COAST, ADVOCATING FOR POSITIVE BUSINESS POLICIES, PROMOTING THE SPACE COAST TO ENCOURAGE NEW BUSINESS INVESTMENT, SUPPORTING EFFORTS OF SPACE COAST MILITARY INSTALLATIONS, AND DEVELOPING PROGRAMS TO ASSIST MANUFACTURING AND HIGH TECH COMPANIES. (CONTINUED ON SCHEDULE O)THE EDC GUIDES ITS PROGRAM OF WORK WITHIN THREE PRIMARY STRATEGIC PRIORITIES: 1. MAINTAIN A TARGETED INDUSTRY FOCUS CONCENTRATING EFFORTS ON FIVE KEY INDUSTRIES THAT SERVE AS CORE DRIVERS OF ECONOMY: AEROSPACE AND AVIATION, ADVANCED COMMUNICATIONS, ELECTRONICS, HOMELAND SECURITY AND DEFENSE, AND EMERGING TECHNOLOGIES. 2. ADVOCATE FOR A COMPETITIVE BUSINESS ENVIRONMENT3. ENGAGE COMMUNITY LEADERS AND ELECTED OFFICIALS, ENABLING THESE LEADERS TO SERVE AS ECONOMIC DEVELOPMENT ADVOCATES THROUGHOUT THE COMMUNITY. ALONGSIDE JOB GROWTH, THE EDC CONTINUES TO FOSTER THE CONDITIONS AND COALITIONS THAT LEAD TO OPPORTUNITIES FOR BUSINESS TO EXPAND AND OBTAIN QUALIFIED WORKFORCE. THESE PROGRAMS INCLUDE:THE CERTIFIED PRODUCTION TECHNICIAN PROGRAM, MOST COMMONLY KNOWN AS THE CPT PROGRAM, CONTINUES TO GROW, AS THE EDC BUILDS THE NEXT GENERATION OF BREVARD'S MANUFACTURING WORKFORCE. THIS COURSE CONTINUES TO NOT ONLY PROVIDE TRAINING, IT ALSO PROVIDES WORKFORCE-READY SKILLS WITH 88% OF CPT CERTIFIED STUDENTS SECURING EMPLOYMENT. THE PROGRAM HAS GROWN TO INCLUDE CAREER EXPOSURE TOURS, HR AND INTERVIEW SKILLS SESSIONS, AND PRIVATE JOB FAIRS.THE EDC LIVE BIG SPACE COAST CAMPAIGN ATTRACTS TOP TALENT TO SUPPORT THE WORKFORCE PIPELINE NEEDS OF LOCAL INDUSTRY.THIS PAST YEAR THE EDC TEAM MANAGED 29 NEW BUSINESS PROJECTS AND 83 NEW CLIENT LEADS. THE SPACE COAST IS RANKED AS THE #1 MOST INDUSTRY DIVERSIFIED ECONOMY IN FLORIDA. THIS REFLECTS THE EDC'S BUSINESS ATTRACTION EFFORTS TO DIVERSIFY OUR INDUSTRY BASE, PROVIDING ADDITIONAL AVENUES OF EMPLOYMENT AND LONG-TERM DURABILITY FOR BREVARD'S ECONOMY.


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Board, Officers & Key Employees

Name (title)Compensation
Lynda Weatherman
President
$325,882
Trudy Mccarthy
Sr Director Of Marketing
$123,425
Kirk Hall
Sec/treasurer
$0
Joe T Mayer
Past Chair
$0
Julie K Song
Chair
$0
Bart Gaetjens
Chair-Elect
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$734,250
Fundraising events$0
Related organizations$0
Government grants $1,732,903
All other contributions, gifts, grants, and similar amounts not included above$108,269
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,575,422
Total Program Service Revenue$82,855
Investment income $751
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 $2,659,028

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Economic Development Commission Of Floridas Space Coast has recieved totaling $96,414.

Awarding OrganizationAmount
Floridamakes Inc

Orlando, FL

PURPOSE: NIST COOPERATIVE AGREEMENT - TO FACILITATE MEP ACTIVITIES IN ACCORDANCE WITH FLORIDAMAKES MISSION TO ESTABLISH, PROMOTE, MAINTAIN, AND EXPAND A STATEWIDE MEP IDENTITY.

$96,414
View Grant Recipient Profile

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