Athens County Economic Development Council

Tax-deductible

Athens, OH501(c)(3)Community DevelopmentEIN 26-3642377Revenue $280K in FY2024

On file with the IRSathenscountyohedc.com1 Armory St, 45701-2062 · Athens, OHTax-exempt since Mar 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To intiate, promote, and support programs that assist individuals and businesses in establishment, retention, expansion, and locating for the purpose of reducing poverty and creating high quality jobs in a disadvantaged region.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $52K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$280K
+4% vs prior year
Spent
$280K
To programs
96%
Net assets
$487K
By yearFY2020–FY2024
Revenue
$280K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$280K
FY2021$327K
FY2022$275K
FY2023$268K
FY2024$280K
Expenses
$280K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$232K
FY2021$193K
FY2022$216K
FY2023$247K
FY2024$280K
Net assets
$487K
FY2024>-0.01%
Tap a bar for its year
Net assets by fiscal year
FY2020$273K
FY2021$407K
FY2022$466K
FY2023$487K
FY2024$487K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2009.

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% · $269K Management & general 4% · $11K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Exec Director
$0Pt VII · Sec A

M Fitzgerald’s $89K as Executive Dir is at the 65th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Athens County Economic Development Council 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 15aNo

Programs and updates

Helps people and businesses start, grow, and stay to reduce poverty and create jobs.

Questions for Athens County Economic Development Council

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Provided by the organization

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1 program · $280K · in their own filed words · FY2024
01

Increase economic opportunity in athens county and the region by

$280Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$280K
Ln 12
Gifts and grantsLn 1h$263K
Investment incomeLn 3$15K
Other incomeLn 4–11$2K
Money outPt IX
$280K
Ln 25
Programscol B$269K
Managementcol C$11K
Owns and owesPt X
$487K
net assets · Ln 32
Cash and savingsLn 1–2$296K
Total assetsLn 16$490K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$263K
Investment incomeLn 3$15K
Other incomeLn 4–11$2K
Total revenueLn 12$280K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$267K
Cash and savings togetherLn 1–2$296K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$490K
LiabilitiesLn 26$2K
Net assetsLn 32$487K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$490K$296K
Land, buildings, equipmentLn 10c$941$1K
Total assetsLn 16$491K$490K
LiabilitiesLn 26$4K$2K
Net assetsLn 32$487K$487K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$96K
Other salaries and wagesLn 7$84K$84K
Other employee benefitsLn 9$19K$19K
Payroll taxesLn 10$14K$14K
Management feesLn 11a$6K$611$5K
Legal feesLn 11b$464$325$139
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$2K$1K$554
Office expensesLn 13$10K$10K
OccupancyLn 16$20K$20K
TravelLn 17$19K$16K$3K
Conferences, conventions and meetingsLn 19$335$100$235
Payments to affiliatesLn 21$2K$2K$200
Depreciation, depletion and amortizationLn 22$593$593
InsuranceLn 23$3K$1K$1K
Total functional expensesLn 25$280K$269K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $280K$280K−$39$487K 990 PDF
FY2023 $268K$247K$21K$487K 990 PDF
FY2022 $275K$216K$59K$466K 990 PDF
FY2021 $327K$193K$134K$407K 990 PDF
FY2020 $280K$232K$48K$273K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $279,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $263,930$263,348
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,343$14,526
I-11 Other revenuePrior year $1,144$1,724
I-12 Total revenuePrior year $268,417$279,598
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $180,657$212,444
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $66,620$67,193
I-18 Total expensesPrior year $247,277$279,637
I-19 Revenue less expensesPrior year $21,140−$39
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $279,598 across 7 lines filed
VIII-1b Membership dues$262,500
VIII-1f All other contributions, gifts and grants$848
VIII-1h Total contributions, gifts and grants$263,348
VIII-3 Investment incomeRelated to mission $14,526$14,526
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,724$1,724
VIII-12 Total revenueRelated to mission $16,250$279,598
Part IX · Statement of functional expenses $279,637 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $95,568$95,568
IX-7 Other salaries and wagesPrograms $83,893$83,893
IX-9 Other employee benefitsPrograms $19,133$19,133
IX-10 Payroll taxesPrograms $13,850$13,850
IX-11a Management feesPrograms $611 · Management $5,000$5,611
IX-11b Legal feesPrograms $325 · Management $139$464
IX-11c Accounting feesPrograms $4,315$4,315
IX-12 Advertising and promotionPrograms $1,410 · Management $554$1,964
IX-13 Office expensesPrograms $9,998$9,998
IX-16 OccupancyPrograms $20,115$20,115
IX-17 TravelPrograms $15,701 · Management $3,156$18,857
IX-19 Conferences, conventions and meetingsPrograms $100 · Management $235$335
IX-21 Payments to affiliatesPrograms $1,979 · Management $200$2,179
IX-22 Depreciation, depletion and amortizationPrograms $593$593
IX-23 InsurancePrograms $1,378 · Management $1,384$2,762
IX-25 Total functional expensesPrograms $268,969 · Management $10,668 · Fundraising $0$279,637
Part X · Balance sheet $489,627 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $8,099$28,908
X-2 Savings and temporary cash investmentsStart of year $482,293$267,491
X-4 Accounts receivable$191,800
X-10c Land, buildings and equipment, netStart of year $941$1,428
X-16 Total assetsStart of year $491,333$489,627
X-17 Accounts payable and accrued expensesStart of year $4,026$2,359
X-26 Total liabilitiesStart of year $4,026$2,359
X-27 Net assets without donor restrictionsStart of year $487,307$487,268
X-32 Total net assets or fund balancesStart of year $487,307$487,268
X-33 Total liabilities and net assetsStart of year $491,333$489,627
Part XI · Reconciliation of net assets $487,268 net assets at year end
XI-1 Total revenue$279,598
XI-2 Total expenses$279,637
XI-3 Revenue less expenses−$39
XI-4 Net assets at start of year$487,307
XI-10 Net assets at end of year$487,268

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

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