Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1988.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
3 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
34 people listed on the 990; $110K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2020 |
|---|---|---|
| Randall Sorrell | $109,815 | $90,000 |
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.
See Council for Economic Development Hancock County executive salaries →On this list? Claim this org
Something off? Claim to add context
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
Attracts and retains jobs, promoting economic growth and quality of life in Hancock County.
Questions for Council for Economic Development Hancock County
Your first name shows with your question. Council for Economic Development Hancock County answers here, for everyone.
Know this org? Add your story
To promote economic development in hancock county by providing site assistance, cost of doing business analysis, and economic impact modeling to site location consultants, the corporate real estate community, and individual businesses. We serve as a liaison between local government and the business community.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $255K | $232K |
| InvestmentsLn 11–13 | $156K | |
| Land, buildings, equipmentLn 10c | $65 | $942 |
| Total assetsLn 16 | $255K | $389K |
| LiabilitiesLn 26 | $5K | $1K |
| Net assetsLn 32 | $250K | $388K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $295K | $295K | ||
| Other employee benefitsLn 9 | $36K | $36K | ||
| Payroll taxesLn 10 | $22K | $22K | ||
| Accounting feesLn 11c | $16K | $16K | ||
| Advertising and promotionLn 12 | $9K | $9K | ||
| Office expensesLn 13 | $7K | $7K | ||
| Information technologyLn 14 | $24K | $24K | ||
| OccupancyLn 16 | $23K | $23K | ||
| TravelLn 17 | $13K | $13K | ||
| Conferences, conventions and meetingsLn 19 | $28K | $28K | ||
| Depreciation, depletion and amortizationLn 22 | $300 | $300 | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $27K | $15K | $12K | |
| All other expensesLn 24e | $59 | $59 | ||
| Total functional expensesLn 25 | $502K | $15K | $487K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $639K | $502K | $137K | $388K | 990 PDF |
| FY2023 | $476K | $421K | $55K | $250K | 990 PDF |
| FY2022 | $282K | $335K | −$53K | $195K | 990 PDF |
| FY2021 | $804K | $789K | $15K | $247K | 990 PDF |
| FY2020 | $276K | $268K | $8K | $232K | 990 PDF |
More to add? Claim this org
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $639,100 revenue, 12 lines filed
Part VI · Governance 34 of 34 board members independent, 2 to look at
Part VIII · Statement of revenue $639,100 across 6 lines filed
Part IX · Statement of functional expenses $501,691 across 14 lines filed
Part X · Balance sheet $388,571 assets, 10 lines filed
Part XI · Reconciliation of net assets $387,547 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
Your org? Add context
Made it to the end? Claim this org