Sandusky County Economic Development EIN 34-1424666 Form 990 (PDF) Claim this org

Sandusky County Economic Development FY2021 filing

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Promotes economic growth and job creation in Sandusky County. For fiscal year 2021 it reported $336K in revenue, $238K in expenses, and $400K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Fremont, OH
Website
www.sanduskycountyedc.org
Filings
5 on file (2020–2021)
Revenue
$336KFY2021
Expenses
$238K
Net assets
$400K
People
25
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1424666 Public charity (501(c)(3)) Fremont, OH
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes economic growth and job creation in Sandusky County.
Leadership
Beth Hannam · Executive Di · $74K
Money in and out
$336K revenue, $238K expenses
Bottom line
72% program efficiency
Where the money goes · FY2021
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$400K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $99K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.11 Fundraising $0.18
Program efficiency
72%
of spending reaches programs
Operating runway
19.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$336K
FY2021▼ -3%
Expenses
$238K
FY2021▲ +4%
Total assets
$414K
FY2021▲ +19%
Total liabilities
$14K
FY2021▼ -70%
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$400K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$99K
Total assetsPt X · Ln 16$414K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSandusky County Economic Development
EINHdr · item D34-1424666
Principal addressHdr · item CFremont, OH
WebsiteHdr · item Jwww.sanduskycountyedc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$74,300Pt VII · Sec A
$0Pt VII · Sec A
1st Vice Pre
$0Pt VII · Sec A
2nd Vice Pre
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Beth Hannam$82,490$89,640$82,313$74,300$72,136

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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Mission & Programs · Part III

Where the work happens

1 program service account for $170K of program spending, described in the organization's own filed words · FY2021.
01

To advance, encourage and promote the industrial, economic, commercial and research development of sandusky county.

$170Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$336K
Investment income$162
Other revenue$56
— government grantsLn 1e$24K
Total revenueLn 12$336K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.11 Fundraising $0.18
Program services72%$170K
Management & general11%$26K
Fundraising18%$42K
Total functional expensesLn 25$238K

Balance Sheet

Part X · end of year
CashLn 1$377K
Total assetsLn 16$414K
Total liabilitiesLn 26$14K
Total net assetsLn 32$400K
Months of cash on handcomputed19.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $377K · Operating expenses/yr $238K
19.0 months
Where the money goes
Program services
Program services $170K · Total expenses $238K
72%
Management & General
Management & general $26K · Total expenses $238K
11%
Fundraising
Fundraising $42K · Total expenses $238K
18%
Cost to raise $1
Fundraising expense (2-yr avg) $38K · Solicited contributions (2-yr avg) $330K
$0.11 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $336K · Total revenue $336K
100%
Government reliance
Government grants $24K · Total revenue $336K
7%
Earned-income share
Program service revenue $0 · Total revenue $336K
0%
Investment reliance
Investment income $162 · Total revenue $336K
+0.05%
Program self-sufficiency
Program service revenue $0 · Total expenses $238K
0%
Growth & trend
Revenue growth (YoY)
This year $336K · Prior year $348K
-3%
Net-asset trend (YoY)
End of year $400K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $336K · Expenses $238K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $414K
Net-asset ratio
Net assets $400K · Total assets $414K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $414K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Beth Hannam · Reported title EXECUTIVE DI · Highest reported compensation $74K · Total expenses $238K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $143K · Total expenses $238K
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 11%
Fundraising cost ratio 12%
Revenue growth -3%
Accounting fee ratio 7%

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 · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$45K

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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)$333K revenue · ⤓ 990 PDF
FY2023$365K revenue · ⤓ 990 PDF
FY2022$287K revenue · ⤓ 990 PDF
FY2021$336K revenue · viewing · ⤓ 990 PDF
FY2020$348K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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