The Mid-Ohio Development Exchange FY2023 filing

Not tax-deductible

Columbus, OH501(c)(6)Community DevelopmentEIN 31-1448871Revenue $432K in FY2023

On file with the IRS150 S Front St Ste 200, 43215-7107 · Columbus, OHTax-exempt since Jan 2000

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Facilitate the economic Development process within Ohio communities and encourage the interaction of member communities and businesses for the betterment and common good of the region.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
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 $47K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$432K
+6% vs prior year
Spent
$373K
To programs
99%
Net assets
$260K
By yearFY2020–FY2024
Revenue
$432K
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$317K
FY2021$306K
FY2022$409K
FY2023$432K
FY2024$483K
Expenses
$373K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$284K
FY2021$316K
FY2022$338K
FY2023$373K
FY2024$400K
Net assets
$260K
FY2023▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$141K
FY2021$130K
FY2022$200K
FY2023$260K
FY2024$343K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2000.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $370K Management & general 1% · $3K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Programming Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Mid-Ohio Development Exchange 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

Drives economic growth in Ohio communities by fostering collaboration between businesses and towns.

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Provided by the organization

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1 program · $370K · in their own filed words · FY2023
01

Various meetings and events to educate the community about the different businesses in Central Ohio and other business development opportunities available.

$370Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$432K
Ln 12
Fees for servicesLn 2g$432K
Investment incomeLn 3$5
Money outPt IX
$373K
Ln 25
Programscol B$370K
Managementcol C$3K
Owns and owesPt X
$260K
net assets · Ln 32
Cash and savingsLn 1–2$260K
Total assetsLn 16$260K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$432K
Investment incomeLn 3$5
Total revenueLn 12$432K
Assets in detailPt X, end of year
CashLn 1$209K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$260K
Total assetsLn 16$260K
LiabilitiesLn 26$0
Net assetsLn 32$260K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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 FY23End FY23
Cash and savingsLn 1–2$200K$260K
Total assetsLn 16$200K$260K
LiabilitiesLn 26$0$0
Net assetsLn 32$200K$260K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$23$23
Conferences, conventions and meetingsLn 19$15K$15K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$351K$351K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$373K$370K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $483K$400K$83K$343K 990 PDF
FY2023 Viewing $432K$373K$60K$260K 990 PDF
FY2022 $409K$338K$70K$200K 990 PDF
FY2021 $306K$316K−$11K$130K 990 PDF
FY2020 $317K$284K$33K$141K 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 FY2023 990 (6 parts)
Part I · Summary $432,413 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $408,611$432,408
I-10 Investment incomePrior year $5$5
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $408,616$432,413
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $338,354$372,510
I-18 Total expensesPrior year $338,354$372,510
I-19 Revenue less expensesPrior year $70,262$59,903
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $432,413 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $432,408$432,408
VIII-3 Investment incomeExcluded from tax $5$5
VIII-12 Total revenueRelated to mission $432,408 · Unrelated business $0 · Excluded from tax $5$432,413
Part IX · Statement of functional expenses $372,510 across 6 lines filed
IX-11c Accounting feesManagement $1,525$1,525
IX-13 Office expensesManagement $23$23
IX-19 Conferences, conventions and meetingsPrograms $15,000$15,000
IX-23 InsuranceManagement $1,112$1,112
IX-24 Other expenses (24a–d)Programs $350,891$350,891
IX-24e All other expensesPrograms $3,959$3,959
IX-25 Total functional expensesPrograms $369,850 · Management $2,660 · Fundraising $0$372,510
Part X · Balance sheet $260,391 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $149,261$209,149
X-2 Savings and temporary cash investmentsStart of year $51,227$51,242
X-16 Total assetsStart of year $200,488$260,391
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $200,488$260,391
X-32 Total net assets or fund balancesStart of year $200,488$260,391
X-33 Total liabilities and net assetsStart of year $200,488$260,391
Part XI · Reconciliation of net assets $260,391 net assets at year end
XI-1 Total revenue$432,413
XI-2 Total expenses$372,510
XI-3 Revenue less expenses$59,903
XI-4 Net assets at start of year$200,488
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$260,391

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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