Wakulla County Economic Development Council Inc
- Assets
- $96.0k
- Revenue
- $66.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Crawfordville, FL
- Founding
- 12/2017
- Data as of
- 09/2021
- EIN
- 82-0768613
Organization Overview
Wakulla County Economic Development Council Inc is located in Crawfordville, FL. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakulla County Economic Development Council 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 09/2021, Wakulla County Economic Development Council Inc generated $66.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $88.9k during the year ending 09/2021. 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
FACILITATE SUSTAINABLE ECONOMIC DEVELOPMENT AND FURTHER ASSIST BUSINESS AND COMMERICAL INTEREST BY LEVERAGING WAKULLA COUNTY'S EXISTING AND POTENTIAL RESOURCES, WHICH SUPPORT BUSINESS CREATION, ATTRACTION, AND EXPANSION. TO PROTECT AND PROMOTE WAKULLA COUNTY'S UNIQUE NATURAL RESOURCES AND QUALITY OF LIFE. INCREASE THE NUMBER AND QUALITY OF DEVELOPABLE BUSINESS SITES IN WAKULLA COUNTY. PREPARE AND SUPPORT THE WORKFORCE TO MEET AND FILL CURRENT AND NEW JOB OPPORTUNITES. MARKET WAKULLA COUNTY GLOBALLY TO BUSINESSES AND VISITORS. SUPPORT CIVIC AND GOVERNMENTAL ORGANIZATIONS TO ENHANCE WAKULLA COUNTY'S ECONOMIC WELL-BEING. POSITION WAKULLA COUNTY EDC TO BE A LEADING VOICE FOR ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAKULLA EDC RECEIVED A REIMBURSEMENT GRANT FROM ENTERPRISE FL. THE GRANT REIMBURSED THE EDC FOR 2019 PROMOTIONAL MATERIALS AND TRAVEL EXPENSES FOR 3 OF THE DIRECTORS WHO ATTENDED THE TALLAHASSEE CHAMBER RETREAT LATE 2019. EDC ENTERED INTO A CONTRACT WITH WAKULLA COUNTY TO HIRE AN EDC COORINATOR. MONEY WAS COLLECTED FROM WAKULLA COUNTY AND LOCAL BUSINESSES AND A COORDINATOR COMMITTEE WAS CREATED. TWO COORDINATORS WERE HIRED AS CONTRACTORS WITH EDC TO HELP MARKET AND PROMOTE WAKULLA COUNTY TO INDUSTRIES AND BUSINESSES WORLD WIDE LOOKING TO RELOCATE. THE COORDINATOR COMMITTEE ADVISES THE COORDINATORS ON THE NEEDS FOR WAKULLA COUNTY TO HELP THEM CONNECT WITH LOCAL BUSINESSES TO SUSTAIN AND GROW OUR LOCAL ECONOMY. MONEY WAS RECIEVED FROM CAREER SOURCE GRANT AND WAS USED IN THE COORDINATORS FUND EXPENSES TO HELP PAY FOR THE MARKETING COST OF SOFTWARES THE COORDINATORS USED TO ADVERTISE WAKULLA COUNTIES COMMERCIAL LAND TO THE WORLD TO GROW THE NUMBER OF JOB AVAILABLE IN WAKULLA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica S Revell Treasurer | Officer | 2 | $0 |
Kevin Vaughn Vice Preside | Officer | 1 | $0 |
Steven Cushman Secretary | Officer | 1 | $0 |
John Shuff President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,418 |
| Total Program Service Revenue | $0 |
| Investment income | $131 |
| 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 | $66,549 |
| 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 | $0 |
| Fees for services: Accounting | $1,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,872 |
| Advertising and promotion | $17,570 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $259 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,376 |
| All other expenses | $0 |
| Total functional expenses | $88,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,814 |
| Savings and temporary cash investments | $59,202 |
| 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 | $96,016 |
| 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 | $96,016 |
| 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 | $96,016 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wakulla County Economic Development Council Inc has recieved totaling $12,392.
| Awarding Organization | Amount |
|---|---|
Enterprise Florida Inc Orlando, FL PURPOSE: RURAL MARKETING & TRAINING GRANT | $6,196 |
Enterprise Florida Inc Orlando, FL PURPOSE: RURAL MARKETING & TRAINING GRANT | $6,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |
Florida Sugar Cane League Inc Clewiston, FL | $7,160,509 | $7,506,531 |
Georgia Chamber Of Commerce Inc Atlanta, GA | $7,473,907 | $7,231,952 |
American Accounting Association Lakewood Ranch, FL | $12,441,964 | $7,536,784 |
Ims Global Learning Consortium Inc Lake Mary, FL | $12,539,659 | $7,120,866 |
Southern Pine Inspection Bureau Pensacola, FL | $6,165,981 | $6,410,663 |
Georgia Society Of Certified Public Accountants Inc Atlanta, GA | $8,640,811 | $5,890,900 |
Montgomery Area Chamber Of Commerce Montgomery, AL | $3,766,840 | $6,554,835 |
Carpet & Rug Institute Inc Dalton, GA | $7,916,112 | $6,354,333 |