Georgia Economic Developers Association INC EIN 58-1265989 Form 990 (PDF) Claim this org

Georgia Economic Developers Association INC

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Promotes Georgia's economic development and fosters collaboration among those involved. For fiscal year 2024 it reported $998K in revenue, $894K in expenses, and $1.1M in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Atlanta, GA
Website
www.geda.org
Filings
5 on file (2020–2024)
Revenue
$998KFY2024
Expenses
$894K
Net assets
$1.1M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-1265989 Business league / trade association Atlanta, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes Georgia's economic development and fosters collaboration among those involved.
Leadership
Grant Cagle · President and CEO · $161K
Money in and out
$998K revenue, $894K expenses
Bottom line
+10% operating surplus
Membership & operating revenue · FY2024
Total revenue
$998K
Pt VIII · Ln 12
Total expenses
$894K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $104K
Operating surplus
+10%
revenue over expenses▲ +2% vs prior filing year
Earned revenue
98%
of revenue from program services & dues▲ +0.6% vs prior filing year
Payroll share
26%
of spending is salaries & benefits▲ +5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$998K
FY2024▲ +7%
Expenses
$894K
FY2024▲ +7%
Total assets
$1.3M
FY2024▲ +13%
Total liabilities
$205K
FY2024▼ -9%
Revenue less expensesPt I · Ln 19$104K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGeorgia Economic Developers Association INC
EINHdr · item D58-1265989
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jwww.geda.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
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
President and CEO
$161,250Pt VII · Sec A
First Vice Chair
$0Pt VII · Sec A
Second Vice Chair
$0Pt VII · Sec A
Secretary-Treasurer
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Grant Cagle$161,250$174,480
Kevin Shea$121,712$164,916$158,807
Grant Cagle$10,385

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

2 program services, described in the organization's own filed words · FY2024.
01

Meetings, Workshops and Conferences

monthly meetings, spring workshop, annual conference - increase effectiveness of members by encouraging cooperation, exchanging information, and improving professional skills Monthly meetings - 7 meetings, total attendance 785 peopleSpring workshop - total attendance - 309 peopleAnnual conference - total attendance - 488 people

Pt IX · col B
02

Membership

develop information on economic development issues to disseminate via monthly & special meetings, spring workshop, annual conference, print and electronic communications.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$974K · 98%
Contributions & grants$9K · 1%
Investment income$12K · 1%
Program service revenue98%$974K
Contributions & grants1%$9K
Investment income1%$12K
Other revenue$3K
Total revenueLn 12$998K

Balance Sheet

Part X · end of year
CashLn 1$911K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$205K
Total net assetsLn 32$1.1M
Months of cash on handcomputed12.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses (Pt IX) $894K · Less non-cash grants $9K · Cash operating expenses/yr $885K
17.6 months
Where the money goes
Program services
Program services — · Total expenses $894K
Management & General
Management & general — · Total expenses $894K
Fundraising
Fundraising — · Total expenses $894K
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $9K · Total revenue $998K
0.9%
Government reliance
Government grants — · Total revenue $998K
Earned-income share
Program service revenue $974K · Total revenue $998K
98%
Investment reliance
Investment income $12K · Total revenue $998K
+1%
Program self-sufficiency
Program service revenue $974K · Total expenses $894K
109%
Growth & trend
Revenue growth (YoY)
This year $998K · Prior year $931K
+7%
Revenue CAGR
FY2020 $413K · FY2024 $998K
+25%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $998K · Expenses $894K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.1M · Total assets $1.3M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $388K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
29%
People & payroll
Highest Reported Total Compensation
Individual Grant Cagle · Reported title President and CEO · Highest reported compensation $161K · Total expenses $894K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $231K · Total expenses $894K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth 7%
Accounting fee ratio 1%

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 · FY2023
Total grants receivedfrom 1 funder$10K

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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)$998K revenue · viewing · ⤓ 990 PDF
FY2023$931K revenue · ⤓ 990 PDF
FY2022$803K revenue · ⤓ 990 PDF
FY2021$649K revenue · ⤓ 990 PDF
FY2020$413K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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