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Georgia Economic Developers Association INC

Not tax-deductible

Atlanta, GA501(c)(6)Mutual / membership EIN 58-1265989Revenue $998K in FY2024

On file with the IRSgeda.org75 5th St Nw Ste 1200, 30308-1020 · Atlanta, GATax-exempt since Oct 1976

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The organization's primary exempt purpose is to further the Economic development of the state of Georgia and to achieve a closer working relationship among the various individuals so engaged.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 75 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $38K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$161K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$205K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$998K
+7% vs prior year
Spent
$894K
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$998K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$413K
FY2021$649K
FY2022$803K
FY2023$931K
FY2024$998K
Expenses
$894K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$459K
FY2021$658K
FY2022$758K
FY2023$836K
FY2024$894K
Net assets
$1.1M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$772K
FY2021$823K
FY2022$789K
FY2023$948K
FY2024$1.1M

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Oct 1976.

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

Who runs it and what they're paid

18 people listed on the 990; $161K paid to officers and key staff.

Part VII, Section A · reportable compensation
Grant Cagle
President and CEO
$161,250Pt VII · Sec A
Cal Wray
First Vice Chair
$0Pt VII · Sec A
Stacy Watson
Second Vice Chair
$0Pt VII · Sec A
Charlie Moseley
Secretary-Treasurer
$0Pt VII · Sec A
Benjy Thompson
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 · 2 named individuals · Part VII

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

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 Georgia Economic Developers Association INC 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 15aYes

Programs and updates

Promotes Georgia's economic development and fosters collaboration among those involved.

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Provided by the organization

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2 programs · in their 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

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 · FY2023
Georgia Association of Realtors INCFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$998K
Ln 12
Fees for servicesLn 2g$974K
Investment incomeLn 3$12K
Gifts and grantsLn 1h$9K
Money outPt IX
$894K
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$911K
Total assetsLn 16$1.3M
LiabilitiesLn 26$205K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$974K
Investment incomeLn 3$12K
Other incomeLn 4–11$3K
Total revenueLn 12$998K
Assets in detailPt X, end of year
CashLn 1$313K
SavingsLn 2$598K
Cash and savings togetherLn 1–2$911K
InvestmentsLn 11–13$388K
Land, buildings, equipmentLn 10c$711
Total assetsLn 16$1.3M
LiabilitiesLn 26$205K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$628K$911K
InvestmentsLn 11–13$518K$388K
Land, buildings, equipmentLn 10c$955$711
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$227K$205K
Net assetsLn 32$948K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$207K
Pension plan contributionsLn 8$10K
Payroll taxesLn 10$14K
Management feesLn 11a$107K
Accounting feesLn 11c$12K
Lobbying feesLn 11d$61K
Office expensesLn 13$28K
OccupancyLn 16$22K
TravelLn 17$14K
Conferences, conventions and meetingsLn 19$395K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$22K
Total functional expensesLn 25$894K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $998K$894K$104K$1.1M 990 PDF
FY2023 $931K$836K$95K$948K 990 PDF
FY2022 $803K$758K$45K$789K 990 PDF
FY2021 $649K$658K−$8K$823K 990 PDF
FY2020 $413K$459K−$46K$772K 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 FY2024 990 (6 parts)
Part I · Summary $997,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,000$9,000
I-9 Program service revenuePrior year $903,041$973,690
I-10 Investment incomePrior year $9,595$11,895
I-11 Other revenuePrior year $4,176$3,069
I-12 Total revenuePrior year $930,812$997,654
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 $205,738$230,809
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $630,101$662,749
I-18 Total expensesPrior year $835,839$893,558
I-19 Revenue less expensesPrior year $94,973$104,096
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $997,654 across 7 lines filed
VIII-1f All other contributions, gifts and grants$9,000
VIII-1g Noncash contributions (included above)$9,000
VIII-1h Total contributions, gifts and grants$9,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $973,690$973,690
VIII-3 Investment incomeExcluded from tax $11,895$11,895
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,069$3,069
VIII-12 Total revenueRelated to mission $973,690 · Unrelated business $0 · Excluded from tax $14,964$997,654
Part IX · Statement of functional expenses $893,558 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$206,551
IX-8 Pension plan contributions$9,792
IX-10 Payroll taxes$14,466
IX-11a Management fees$106,729
IX-11c Accounting fees$11,500
IX-11d Lobbying fees$61,440
IX-13 Office expenses$27,596
IX-16 Occupancy$22,500
IX-17 Travel$13,851
IX-19 Conferences, conventions and meetings$394,526
IX-23 Insurance$2,557
IX-24 Other expenses (24a–d)$22,050
IX-25 Total functional expenses$893,558
Part X · Balance sheet $1,323,015 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $236,589$313,073
X-2 Savings and temporary cash investmentsStart of year $391,063$597,789
X-4 Accounts receivableStart of year $5,803$8,975
X-9 Prepaid expenses and deferred chargesStart of year $23,084$14,666
X-10c Land, buildings and equipment, netStart of year $955$711
X-11 Publicly traded securitiesStart of year $517,540$387,801
X-16 Total assetsStart of year $1,175,034$1,323,015
X-17 Accounts payable and accrued expensesStart of year $39,651$31,647
X-19 Deferred revenueStart of year $186,935$173,730
X-26 Total liabilitiesStart of year $226,586$205,377
X-27 Net assets without donor restrictionsStart of year $948,448$1,117,638
X-32 Total net assets or fund balancesStart of year $948,448$1,117,638
X-33 Total liabilities and net assetsStart of year $1,175,034$1,323,015
Part XI · Reconciliation of net assets $1,117,638 net assets at year end
XI-1 Total revenue$997,654
XI-2 Total expenses$893,558
XI-3 Revenue less expenses$104,096
XI-4 Net assets at start of year$948,448
XI-5 Net unrealized gains (losses) on investments$65,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,117,638

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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