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EMPOWERING OHIOS ECONOMY INC

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Public IRS 990 nonprofit record

EMPOWERING OHIOS ECONOMY INC

EIN 47-2628428

What they do

THE CORPORATION is ORGANIZED to PROMOTE ECONOMIC and BUSINESS DEVELOPMENT WITHIN OHIO, for THE PURPOSE of BRINGING ABOUT CIVIC BETTERMENTS and SOCIAL IMPROVEMENTS. IT WILL ENCOURAGE JOB GROWTH and ECONOMIC DEVELOPMENT IN THE COMMUNITY BY (1) PROMOTING THE ADVANTAGES of OHIOS FAVORABLE BUSINESS CLIMATE to PROSPECTIVE BUSINESSES, MANUFACTURERS and EMPLOYERS, INCLUDING THE BENEFITS of ITS ABUNDANT and AFFORDABLE ENERGY, (2) PROMOTING OHIO AS WELL-SUITED to HOST and SUPPORT MAJOR CONVENTIONS or SIMILAR EVENTS and AS AN ATTRACTIVE DESTINATION for TRAVEL, BUSINESS MEETINGS and VACATIONS, and (3) LESSENING THE BURDENS ON STATE, COUNTY, and LOCAL GOVERNMENT ENTITIES BY ASSISTING THEM IN THE PROMOTION of THE COMMUNITY to A NATIONWIDE AUDIENCE.

Before you give

Should I give to this charity?

Easy charity check
The spending raises an important question

Of every $100 spent, about $0.00 was reported for mission work and $0.00 for fundraising. Understand this before you give.

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 leaders2 people are listed in the latest report.

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

Money made simple

3.80%of revenue went to mission work0.0% of expenses · Program services
$36,447.42spent for every $100 of revenueSpending was higher than revenue this year.
36,443.62%of revenue went to management and office costs100.0% of expenses
$0.25in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $239,166 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.

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$658
Mission workProgram services$253.80% of revenue0.0% of expenses
ManagementOffice and general costs$239,79936,443.62% of revenue100.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$239,82436,447.42% of revenue

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

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 0.0% went to mission work. Ask the charity to explain these numbers and show recent results.

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
2022CurrentExpense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 36,447.42% of revenue
2021Expense mix: 16.3% mission · 83.7% management · 0.0% fundraisingTotal expenses: 1,922.94% of revenue
2020Expense mix: 97.4% mission · 2.6% management · 0.0% fundraisingRevenue comparison unavailable
2019Expense mix: 99.6% mission · 0.4% management · 0.0% fundraisingTotal expenses: 436.83% of revenue
2018Expense mix: 98.9% mission · 1.1% management · 0.0% fundraisingRevenue comparison unavailable
2017Expense mix: 93.3% mission · 6.7% management · 0.0% fundraisingRevenue comparison unavailable
2016Expense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 20.68% of revenue

Money in and money out

Revenue$658
Expenses$239,824
Annual shortfall $239,166 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)$25 · 0.0% of expenses
Management and office costs$239,799 · 100.0% of expenses
See all reported dollar amounts
Revenue$658
Expenses$239,824
Assets$60,743
Mission work (program services)$25
Grants given$12,975,350
Average grant$185,362
Management and general$239,799
Accounting fees$11,950
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 (2)

J B HADDENPRINCIPAL OFFICER

J B HADDENPRINCIPAL OFFICER

About this charity

Location
37 W BROAD ST STE 970, COLUMBUS, OH 43215
County
Franklin
In care of
JB HADDEN
Primary officer
J B HADDEN

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
PW PARTNERS LLC
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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