Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jan 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
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
4 people listed on the 990; $76K paid to officers and key staff.
Jonathan Bond’s $76K as President is at the 52nd percentile of top reported officer pay among 1708 $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.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Jonathan Bond | $75,772 | $75,327 | $75,772 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Drives economic growth by coordinating local efforts to improve business and quality of life.
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Switzerland county economic development corporation (scedc) carries out the county's economic development activities by attracting new industries to the area and by encouraging the development and retention of industries in the community.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $21K | $99K |
| Land, buildings, equipmentLn 10c | $2K | $290 |
| Total assetsLn 16 | $58K | $134K |
| LiabilitiesLn 26 | $28K | $69K |
| Net assetsLn 32 | $30K | $65K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $84K | $75K | $8K | |
| Other salaries and wagesLn 7 | $1K | $981 | $109 | |
| Payroll taxesLn 10 | $7K | $7K | $735 | |
| Legal feesLn 11b | $370 | $185 | $185 | |
| Accounting feesLn 11c | $12K | $6K | $6K | |
| Advertising and promotionLn 12 | $8K | $8K | ||
| Office expensesLn 13 | $3K | $2K | $274 | |
| Information technologyLn 14 | $650 | $325 | $325 | |
| OccupancyLn 16 | $2K | $2K | $196 | |
| TravelLn 17 | $3K | $3K | ||
| Conferences, conventions and meetingsLn 19 | $5K | $5K | ||
| Depreciation, depletion and amortizationLn 22 | $6K | $6K | ||
| InsuranceLn 23 | $4K | $631 | $3K | |
| Other expenses (24a–d)Ln 24 | $164K | $140K | $23K | |
| All other expensesLn 24e | $408 | $408 | ||
| Total functional expensesLn 25 | $299K | $251K | $49K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest | $179K | −$31K | 990 PDF | ||
| FY2021 | $191K | $4K | 990 PDF | ||
| FY2020 Viewing | $326K | $299K | $27K | $65K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (5 parts)
Part I · Summary $326,322 revenue, 12 lines filed
Part VIII · Statement of revenue $326,322 across 5 lines filed
Part IX · Statement of functional expenses $299,173 across 15 lines filed
Part X · Balance sheet $134,044 assets, 11 lines filed
Part XI · Reconciliation of net assets $65,369 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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