Clarke County Development Corporation FY2024 filing

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Community economic Development

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $690K a year · 22% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
+77% vs prior year
Spent
$2.3M
To programs
96%
Net assets
$6.0M
By yearFY2020–FY2025
Revenue
$4.8M
FY2024▲ +77%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.9M
FY2022$3.5M
FY2023$2.7M
FY2024$4.8M
FY2025$2.6M
Expenses
$2.3M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.6M
FY2022$2.6M
FY2023$2.4M
FY2024$2.3M
FY2025$2.5M
Net assets
$6.0M
FY2024▲ +70%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.4M
FY2022$3.3M
FY2023$3.6M
FY2024$6.0M
FY2025$6.1M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.2M Management & general 4% · $98K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Clarke County Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Recruits and supports businesses to strengthen Clarke County's economy and develop commercial properties.

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2 programs · in their own filed words · FY2024
01

Responded to and initiated leads to recruit new businesses and industries to clarke county and to strengthen and maintain existing businesses; develop commercial building lots

Pt IX · col B
02

Administered charitable grants program as license holder for a casino

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 32 grants · $9.0M · 2020–2025
City of OsceolaFY2025$807,048
Individual RecipientFY2025$230,758
The Village LtdIA · FY2025$27,875
City of OsceolaFY2024$889,670
Individual RecipientFY2024$222,604
The Village LtdIA · FY2024$40,000
City of OsceolaFY2023$1,010,433
Individual RecipientFY2023$314,061
Clarke County HospitalFY2023$240,150
Clarke County Historical MuseumFY2023$44,325
The Village LtdIA · FY2023$16,180
Murray Community School FoundationFY2023$15,617
City of OsceolaFY2022$990,686
Individual RecipientFY2022$252,216
The Village LtdIA · FY2022$12,700
City of OsceolaFY2021$1,370,199
Clarke Community SchoolsFY2021$477,198
See all 32 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$26K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.2M
Managementcol C$98K
Owns and owesPt X
$6.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$7.6M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.4M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$26K
Other incomeLn 4–11$14K
Gains on assetsLn 7$10K
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$351K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$3.2M
Total assetsLn 16$7.6M
LiabilitiesLn 26$1.5M
Net assetsLn 32$6.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.3M$1.6M
Land, buildings, equipmentLn 10c$329K$3.2M
Total assetsLn 16$5.5M$7.6M
LiabilitiesLn 26$2.0M$1.5M
Net assetsLn 32$3.6M$6.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Other salaries and wagesLn 7$160K$112K$48K
Other employee benefitsLn 9$1K$915$392
Payroll taxesLn 10$12K$8K$3K
Management feesLn 11a$10K$7K$3K
Legal feesLn 11b$7K$5K$2K
Accounting feesLn 11c$17K$12K$5K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$15K$11K$5K
OccupancyLn 16$18K$13K$4K
Conferences, conventions and meetingsLn 19$11K$7K$4K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$23K$15K$8K
Other expenses (24a–d)Ln 24$15K$9K$7K
Total functional expensesLn 25$2.3M$2.2M$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$2.5M$93K$6.1M 990 PDF
FY2024 ViewingFiled with the IRS Oct 22, 2025 $4.8M$2.3M$2.5M$6.0M 990 PDF
FY2023Filed with the IRS May 24, 2024 $2.7M$2.4M$307K$3.6M 990 PDF
FY2022Filed with the IRS Jun 12, 2023 $3.5M$2.6M$895K$3.3M 990 PDF
FY2021Filed with the IRS May 31, 2022 $2.9M$2.6M$303K$2.4M 990 PDF
FY2020Filed with the IRS Sep 28, 2021 $2.0M$1.9M$64K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,804,377 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,550$2,428,904
I-9 Program service revenuePrior year $2,458,994$2,336,071
I-10 Investment incomePrior year $21,704$25,784
I-11 Other revenuePrior year $13,734$13,618
I-12 Total revenuePrior year $2,714,982$4,804,377
I-13 Grants and similar amounts paidPrior year $2,103,587$2,010,915
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $161,975$172,890
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $142,138$142,487
I-18 Total expensesPrior year $2,407,700$2,326,292
I-19 Revenue less expensesPrior year $307,282$2,478,085
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,804,377 across 8 lines filed
VIII-1b Membership dues$20,550
VIII-1e Government grants$2,408,354
VIII-1h Total contributions, gifts and grants$2,428,904
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,336,071$2,336,071
VIII-3 Investment incomeRelated to mission $15,993$15,993
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,791$9,791
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,618$13,618
VIII-12 Total revenueRelated to mission $2,375,473 · Unrelated business $0 · Excluded from tax $0$4,804,377
Part IX · Statement of functional expenses $2,326,292 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $2,010,915$2,010,915
IX-7 Other salaries and wagesPrograms $112,024 · Management $48,011$160,035
IX-9 Other employee benefitsPrograms $915 · Management $392$1,307
IX-10 Payroll taxesPrograms $8,084 · Management $3,464$11,548
IX-11a Management feesPrograms $7,000 · Management $3,000$10,000
IX-11b Legal feesPrograms $4,622 · Management $1,981$6,603
IX-11c Accounting feesPrograms $11,919 · Management $5,108$17,027
IX-12 Advertising and promotionPrograms $18,361$18,361
IX-13 Office expensesPrograms $10,604 · Management $4,545$15,149
IX-16 OccupancyPrograms $13,388 · Management $4,463$17,851
IX-19 Conferences, conventions and meetingsPrograms $7,246 · Management $3,623$10,869
IX-22 Depreciation, depletion and amortizationManagement $8,591$8,591
IX-23 InsurancePrograms $15,051 · Management $7,525$22,576
IX-24 Other expenses (24a–d)Programs $8,565 · Management $6,895$15,460
IX-25 Total functional expensesPrograms $2,228,694 · Management $97,598 · Fundraising $0$2,326,292
Part X · Balance sheet $7,556,623 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $578,220$351,240
X-2 Savings and temporary cash investmentsStart of year $1,764,505$1,215,081
X-3 Pledges and grants receivableStart of year $296,804$603,392
X-8 Inventories for sale or useStart of year $2,538,611$2,158,199
X-9 Prepaid expenses and deferred chargesStart of year $15,470$7,085
X-10c Land, buildings and equipment, netStart of year $328,816$3,221,626
X-16 Total assetsStart of year $5,522,426$7,556,623
X-17 Accounts payable and accrued expensesStart of year $107,455$221,575
X-19 Deferred revenueStart of year $12,950$12,210
X-25 Other liabilitiesStart of year $1,518,844$1,037,456
X-26 Total liabilitiesStart of year $1,958,166$1,514,278
X-27 Net assets without donor restrictionsStart of year $3,564,260$6,042,345
X-32 Total net assets or fund balancesStart of year $3,564,260$6,042,345
X-33 Total liabilities and net assetsStart of year $5,522,426$7,556,623
Part XI · Reconciliation of net assets $6,042,345 net assets at year end
XI-1 Total revenue$4,804,377
XI-2 Total expenses$2,326,292
XI-3 Revenue less expenses$2,478,085
XI-4 Net assets at start of year$3,564,260
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,042,345

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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