THE FLORIDA ECONOMIC DEVELOPMENT COUNCIL INC Charity Report

Public IRS 990 nonprofit record

THE FLORIDA ECONOMIC DEVELOPMENT COUNCIL INC

EIN 23-7035680 · Homeowners & Tenants Associations (L50)

What they do

MISSION STATEMENT OUR MISSION is to SERVE AS THE FLORIDA ECONOMIC DEVELOPMENT COMMUNITYS PRIMARY RESOURCE for PEER CONNECTIONS, PROFESSIONAL DEVELPMENT and ADVOCACY. VISION STATEMENT FEDC is FLORIDAS LEADING ORGANIZATION for ADVANCING STATEWIDE PROSPERITY BY PROFESSIONALIZING OUR FIELD, STRENGTHENING OUR COMPETITIVENESS, and SERVING AS THE NUMBER ONE SOURCE of ECONOMIC DEVELOPMENT EXPERTISE IN FLORIDA. EDUCATE EDUCATE OUR MEMBERS to ENHANCE THEIR PROFESSIONAL EXPERTISE and INFORM OUR BUSINESS and GOVERNMENT LEADERS ABOUT THE IMPORTANCE of ECONOMIC, WORKFORCE, and COMMUNITY DEVELOPMENT for GREATER STATEWIDE PROSPERITY. ADVOCATE PROVIDE LEADERSHIP and ADVOCACY for POLICIES, INITIATIVES, and PROGRAMS THAT PROMOTE WORKFORCE DEVELOPMENT, JOB CREATION, INVESTMENT, and GREATER COMPETITIVENESS THROUGHOUT FLORIDA. CONNECT STRENGTHEN RELATIONSHIPS BETWEEN FEDC MEMBERS and ECONOMIC DEVELOPMENT STAKEHOLDERS THROUGH PEER NETWORKING, MENTORING, REGIONAL COLLABORATION, RESOURCE SHARING and TIMELY C

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $37.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

44.04%of revenue went to mission work37.9% of expenses · Program services

$116.24spent for every $100 of revenueSpending was higher than revenue this year.

72.19%of revenue went to management and office costs62.1% of expenses

$0.60in assets for every $1 spent this yearSome assets cannot be spent right away.

89.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $36,178 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$222,825

Mission workProgram services$98,14244.04% of revenue37.9% of expenses

ManagementOffice and general costs$160,86172.19% of revenue62.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$259,003116.24% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 37.9% mission · 62.1% management · 0.0% fundraisingTotal expenses: 116.24% of revenue

2023Expense mix: 86.2% mission · 13.8% management · 0.0% fundraisingTotal expenses: 99.72% of revenue

2022Expense mix: 87.4% mission · 12.6% management · 0.0% fundraisingTotal expenses: 88.84% of revenue

2021Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 107.06% of revenue

2020Expense mix: 86.7% mission · 13.3% management · 0.0% fundraisingTotal expenses: 78.29% of revenue

2019Expense mix: 89.5% mission · 10.5% management · 0.0% fundraisingTotal expenses: 67.32% of revenue

2018Expense mix: 93.0% mission · 7.0% management · 0.0% fundraisingTotal expenses: 99.38% of revenue

2017Expense mix: 93.5% mission · 6.5% management · 0.0% fundraisingTotal expenses: 100.99% of revenue

Money in and money out

Revenue$222,825

Expenses$259,003

Annual shortfall $36,178 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$98,142 · 37.9% of expenses

Management and office costs$160,861 · 62.1% of expenses

See all reported dollar amounts

Revenue$222,825

Expenses$259,003

Assets$155,678

Income$222,825

Contributions$199,290

Mission work (program services)$98,142

Management and general$160,861

Accounting fees$3,925

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (20)

KEITH NORDENE CENTRAL RE

TIM DOUGHERCHAIR APPOIN

SHERRY AMBROSECO-VICE CHR

SCARLETT PHANEUF CECD MEDPVICE CHAIR-M

RICK RICHMONDCHAIR APPOIN

NATHAN SPARKSNORTHWEST RE

MICHELLE BAUERFORMER CHAIR

MELANIE SCHMEES MBASOUTHWEST RE

LUCIENNE PEARSPAST BOARD C

LAURA PAVIUSNORTHEAST RE

ANTONIO JEFFERSONCHAIR APPOIN

JIMMY NORRISN CENTRAL RE

JEFF HENDRYVICE CHAIR A

JAMES KOHNSTAMM CECDSOUTHEAST RE

HEIDI JAMESONCHAIR APPOIN

HEATHER SHUBIRGCO-VICE CHR

DEREK SHAVORTAMPA BAY RE

DENISE GRIMSLEYS CENTRAL RE

DAVID CODDINGTONVICE CHAIR F

CASEY BARNESCURRENT BOAR

About this charity

Recognized since: January 1970
Location: 3551 BLAIR STONE RD STE 105-138, TALLAHASSEE, FL 323018826
County: Leon
In care of: CASEY BARNES
Primary officer: CASEY BARNES, CURRENT BOARD CHAIR

How to reach them

WebsiteVisit the charity’s website Phone(850) 212-1056 Officer phone(850) 601-0870

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WADSWORTH HUMPHRESS & HOLLAR PA
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations