Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
10 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
13 people listed on the 990.
Michael Hughes’s $110K as Executive Di is at the 78th 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.
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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 new and expanding businesses by acting as a single point of contact.
This section is blank until Paulding County Economic Development INC claims this page.
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Staying involved in the community to help retain and expand existing businesses within the county. Recruit new businesses to relocate to paulding county.
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By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $430K | $455K |
| Land, buildings, equipmentLn 10c | $40K | $38K |
| Total assetsLn 16 | $531K | $541K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $531K | $541K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $211K | $211K | ||
| Payroll taxesLn 10 | $18K | $18K | ||
| Legal feesLn 11b | $4K | $4K | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Other fees for servicesLn 11g | $125 | $125 | ||
| Advertising and promotionLn 12 | $28K | $28K | ||
| Office expensesLn 13 | $8K | $8K | ||
| OccupancyLn 16 | $4K | $4K | ||
| TravelLn 17 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $22K | $22K | ||
| Other expenses (24a–d)Ln 24 | $13K | $2K | $10K | |
| Total functional expensesLn 25 | $320K | $32K | $288K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $310K | $339K | −$29K | $502K | 990 PDF |
| FY2023 | $322K | $332K | −$11K | $530K | 990 PDF |
| FY2022 Viewing | $329K | $320K | $10K | $541K | 990 PDF |
| FY2021 | $651K | $310K | $341K | $531K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $329,182 across 5 lines filed
Part IX · Statement of functional expenses $319,625 across 12 lines filed
Part X · Balance sheet $540,926 assets, 8 lines filed
Part XI · Reconciliation of net assets $540,926 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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