We seek to recruit new businesses to locate to Clay County and work to retain and help grow existing businesses, all in an effort to: provide quality, high-wage employment opportunities; diversify the local economy; grow the non-residential tax base; and improve the overall business climate and quality of life in Clay County for its citizens and families.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $57K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$260K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
5% of total assets
Looks good: liabilities are 5% 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
$912K
+3% vs prior year
Spent
$720K
To programs
84%
Net assets
$492K
By yearFY2020–FY2025
Revenue
$912K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$381K
FY2021$507K
FY2022$542K
FY2023$711K
FY2024$889K
FY2025$912K
Expenses
$720K
FY2025▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$381K
FY2021$445K
FY2022$550K
FY2023$705K
FY2024$799K
FY2025$720K
Net assets
$492K
FY2025▲ +50%
Tap a bar for its year
Net assets by fiscal year
FY2020$178K
FY2021$240K
FY2022$233K
FY2023$237K
FY2024$328K
FY2025$492K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $606K Management & general 16% · $114K

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

19 people listed on the 990; $260K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$189,117Pt VII · Sec A
Senior Vice President - Until 8/2024
$70,923Pt VII · Sec A
Treasurer & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Cador C Powell’s $189K as President is at the 96th percentile of top reported officer pay among 1709 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cador C Powell$189,117$172,786$130,650———
Laura Pavlus$70,923$145,000$121,521$92,292$73,665$68,139
Jamie Joe Harris———$110,902$132,503$121,251

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 Clay County Economic Development Corporation 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

Creates high-wage jobs and attracts business investment to Clay County, Florida.

Questions for Clay County Economic Development Corporation

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Provided by the organization

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3 programs · $606K · in their own filed words · FY2024
01

Working with an engineering consultant, clay edc facilitated phase I and phase ii site due diligence on a 100 acre site at the keystone heights airport. The effort includes marketing materials and renderings of a potential maintenance and repair operation that could be located on the site.

$412Kprogram expense
02

Clay county economic development corporation (edc) hosted two luncheon presentations that provided relevant information to area business leaders and stakeholders. Clay edc hosted a workforce development summit focusing on talent alignment and development efforts.

$167Kprogram expense
03

Clay county edc supported over $500 million in real estate, infrastructure, redevelopment, tourism, and new business projects for clay county. New business recruitment projects included a healthcare facility and educational facility. These announced projects will yield over 100 high wage jobs.

$27Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$12K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$912K
Ln 12
Gifts and grantsLn 1h$832K
Fees for servicesLn 2g$71K
Investment incomeLn 3$9K
Money outPt IX
$720K
Ln 25
Programscol B$606K
Managementcol C$114K
Owns and owesPt X
$492K
net assets · Ln 32
Cash and savingsLn 1–2$409K
Total assetsLn 16$516K
LiabilitiesLn 26$24K
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$832K
Government grantsLn 1e$220K
Fees for servicesLn 2g$71K
Investment incomeLn 3$9K
Other incomeLn 4–11$676
Total revenueLn 12$912K
Assets in detailPt X, end of year
CashLn 1$93K
SavingsLn 2$317K
Cash and savings togetherLn 1–2$409K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$516K
LiabilitiesLn 26$24K
Net assetsLn 32$492K
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$294K$409K
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$331K$516K
LiabilitiesLn 26$3K$24K
Net assetsLn 32$328K$492K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$274K$274K
Payroll taxesLn 10$19K$19K
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$199K$199K
Advertising and promotionLn 12$60K$58K$1K
Office expensesLn 13$22K$4$22K
Information technologyLn 14$11K$11K
OccupancyLn 16$15K$15K
TravelLn 17$13K$13K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$49K$37K$12K
Total functional expensesLn 25$720K$606K$114K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $912K$720K$192K$492K 990 PDF
FY2024 $889K$799K$91K$328K 990 PDF
FY2023 $711K$705K$6K$237K 990 PDF
FY2022 $542K$550K−$8K$233K 990 PDF
FY2021 $507K$445K$63K$240K 990 PDF
FY2020 $381K$381K$281$178K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $912,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $823,196$832,150
I-9 Program service revenuePrior year $61,129$70,530
I-10 Investment incomePrior year $5,087$8,820
I-11 Other revenuePrior year $0$676
I-12 Total revenuePrior year $889,412$912,176
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 $306,045$292,992
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $492,696$426,957
I-18 Total expensesPrior year $798,741$719,949
I-19 Revenue less expensesPrior year $90,671$192,227
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $912,176 across 7 lines filed
VIII-1b Membership dues$612,500
VIII-1e Government grants$219,650
VIII-1h Total contributions, gifts and grants$832,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $70,530$70,530
VIII-3 Investment incomeExcluded from tax $8,820$8,820
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $676$676
VIII-12 Total revenueRelated to mission $70,530 · Unrelated business $0 · Excluded from tax $9,496$912,176
Part IX · Statement of functional expenses $719,949 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $274,401$274,401
IX-10 Payroll taxesPrograms $18,591$18,591
IX-11b Legal feesManagement $30,000$30,000
IX-11c Accounting feesManagement $18,150$18,150
IX-11g Other fees for servicesPrograms $198,550$198,550
IX-12 Advertising and promotionPrograms $58,407 · Management $1,181$59,588
IX-13 Office expensesPrograms $4 · Management $21,693$21,697
IX-14 Information technologyManagement $10,786$10,786
IX-16 OccupancyManagement $15,000$15,000
IX-17 TravelPrograms $12,641$12,641
IX-19 Conferences, conventions and meetingsPrograms $6,928$6,928
IX-22 Depreciation, depletion and amortizationManagement $2,124$2,124
IX-23 InsuranceManagement $2,373$2,373
IX-24 Other expenses (24a–d)Programs $36,769 · Management $12,351$49,120
IX-25 Total functional expensesPrograms $606,291 · Management $113,658 · Fundraising $0$719,949
Part X · Balance sheet $515,585 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $167,517$92,651
X-2 Savings and temporary cash investmentsStart of year $126,754$316,606
X-3 Pledges and grants receivable$82,251
X-4 Accounts receivableStart of year $29,999$19,500
X-9 Prepaid expenses and deferred chargesStart of year $1,554$1,650
X-10c Land, buildings and equipment, netStart of year $5,051$2,927
X-16 Total assetsStart of year $330,875$515,585
X-17 Accounts payable and accrued expensesStart of year $2,764$23,778
X-26 Total liabilitiesStart of year $2,764$23,778
X-27 Net assets without donor restrictionsStart of year $318,908$458,256
X-28 Net assets with donor restrictionsStart of year $9,203$33,551
X-32 Total net assets or fund balancesStart of year $328,111$491,807
X-33 Total liabilities and net assetsStart of year $330,875$515,585
Part XI · Reconciliation of net assets $491,807 net assets at year end
XI-1 Total revenue$912,176
XI-2 Total expenses$719,949
XI-3 Revenue less expenses$192,227
XI-4 Net assets at start of year$328,111
XI-8 Prior period adjustments−$28,531
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$491,807

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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