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Hamilton Economic Development Corp EIN 31-0955965 Form 990 (PDF) Claim this org

Hamilton Economic Development Corp FY2020 filing

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Boosts local economies through community initiatives and business support. For fiscal year 2020 it reported $546K in revenue, $484K in expenses, and $100K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Hamilton, OH
Filings
5 on file (2020–2020)
Revenue
$546KFY2020
Expenses
$484K
Net assets
$100K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-0955965 Public charity (501(c)(3)) Hamilton, OH
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Boosts local economies through community initiatives and business support.
Leadership
Hufford Aaron · Trustee
Money in and out
$546K revenue, $484K expenses
Bottom line
91% program efficiency
Where the money goes · FY2020
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$484K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.04 Fundraising $0.04
Program efficiency
91%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$546K
FY2020
Expenses
$484K
FY2020
Total assets
$118K
FY2020
Total liabilities
$18K
FY2020
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$484K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$118K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHamilton Economic Development Corp
EINHdr · item D31-0955965
Principal addressHdr · item CHamilton, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bates Dan
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Boyko Judi
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $442K of program spending, described in the organization's own filed words · FY2020.
01

Coordinate and promote general economic development in the hamilton community; assist the city and county government with local economic development.

$442Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$468K · 86%
Other revenue$77K · 14%
Contributions & grants86%$468K
Other revenue14%$77K
Investment income$7
— government grantsLn 1e$365K
Total revenueLn 12$546K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.04 Fundraising $0.04
Program services91%$442K
Management & general4%$21K
Fundraising4%$21K
Total functional expensesLn 25$484K

Balance Sheet

Part X · end of year
CashLn 1$114K
Total assetsLn 16$118K
Total liabilitiesLn 26$18K
Total net assetsLn 32$100K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $114K · Operating expenses/yr $484K
2.8 months
Where the money goes
Program services
Program services $442K · Total expenses $484K
91%
Management & General
Management & general $21K · Total expenses $484K
4%
Fundraising
Fundraising $21K · Total expenses $484K
4%
Cost to raise $1
Fundraising expense $21K · Solicited contributions $103K
$0.20 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $468K · Total revenue $546K
86%
Government reliance
Government grants $365K · Total revenue $546K
67%
Earned-income share
Program service revenue $0 · Total revenue $546K
0%
Investment reliance
Investment income $7 · Total revenue $546K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $484K
0%
Growth & trend
Revenue growth (YoY)
This year $546K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $100K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $546K · Expenses $484K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $118K
—
Net-asset ratio
Net assets $100K · Total assets $118K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $118K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Hufford Aaron · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $484K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $484K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 4%——
Fundraising cost ratio 4%——
Accounting fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Hamilton Community Foundation INCFY2024$114K
Columbus FoundationFY2024$15K
Total grants receivedfrom 2 funders$129K
Grants paid · 14 grants · $194K · 2020–2020
Tano BistroFY2020$35,000
Dst Hamilton LLCFY2020$27,300
Municipal Brew Works LLCFY2020$20,300
Hops & Dreams LLCFY2020$17,800
Neal's International Foods LLCFY2020$12,000
Ciong LLCFY2020$11,500
Jamm Enterprises LLCFY2020$10,000
Hyde's Restaurant LLCFY2020$10,000
West Side Pizza LLCFY2020$10,000
The Almond Sisters LLCFY2020$10,000
The Drink TavernFY2020$9,500
Roll on in LLCFY2020$7,500
Lghg Public House LLCFY2020$7,500
True West Coffee Downtown LLCFY2020$6,000

Similar Organizations

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Hamilton-Lauraville Main Street INCMD
Hamilton County Business Center INCOH
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$147K revenue · ⤓ 990 PDF
FY2023$94K revenue · ⤓ 990 PDF
FY2022$106K revenue · ⤓ 990 PDF
FY2021$101K revenue · ⤓ 990 PDF
FY2020$546K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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