Civic Intelligence

Georgia Economic Developers Association Inc

990 • Fiscal year 2014 • EIN 58-1265989

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 09, 2015

PO Box 1776Atlanta, GA 30301-1776

(404) 962-4110

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.15x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

15th percentile

-7.8%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

51st percentile

$68,125

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

23rd percentile

-5.2%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

24th percentile

-4.5%

Faster revenue growth than 24% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$572,278

Down $31,392 (-5.2%) from 2013

Net Assets

Down

$485,311

Down $45,717 (-8.6%) from 2013

Liabilities

Up

$86,967

Up $14,325 (+20%) from 2013

Revenue

Down

$587,186

Down $27,438 (-4.5%) from 2013

Expenses

Down

$632,903

Down $33,191 (-5.0%) from 2013

Net Income

Up

-$45,717

Up $5,753 (+11%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $707,201Liabilities 2010: $101,438Net Assets 2010: $605,7632010Assets 2011: $706,711Liabilities 2011: $44,122Net Assets 2011: $662,5892011Assets 2012: $635,998Liabilities 2012: $53,500Net Assets 2012: $582,4982012Assets 2013: $603,670Liabilities 2013: $72,642Net Assets 2013: $531,0282013Assets 2014: $572,278Liabilities 2014: $86,967Net Assets 2014: $485,3112014Assets 2015: $673,687Liabilities 2015: $138,299Net Assets 2015: $535,3882015Assets 2016: $737,597Liabilities 2016: $127,484Net Assets 2016: $610,1132016Assets 2017: $870,671Liabilities 2017: $135,304Net Assets 2017: $735,3672017Assets 2018: $986,477Liabilities 2018: $235,229Net Assets 2018: $751,2482018Assets 2019: $976,648Liabilities 2019: $209,408Net Assets 2019: $767,2402019Assets 2020: $946,685Liabilities 2020: $174,868Net Assets 2020: $771,8172020Assets 2021: $1,021,839Liabilities 2021: $198,761Net Assets 2021: $823,0782021Assets 2022: $996,155Liabilities 2022: $206,721Net Assets 2022: $789,4342022Assets 2023: $1,175,034Liabilities 2023: $226,586Net Assets 2023: $948,4482023Assets 2024: $1,323,015Liabilities 2024: $205,377Net Assets 2024: $1,117,6382024

Highlighted filing

2014

Assets$572,278
Liabilities$86,967
Net Assets$485,311

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $468,7452010Expenses 2011: $452,4082011Revenue 2012: $499,859Expenses 2012: $579,950Net Income 2012: -$80,0912012Revenue 2013: $614,624Expenses 2013: $666,094Net Income 2013: -$51,4702013Revenue 2014: $587,186Expenses 2014: $632,903Net Income 2014: -$45,7172014Revenue 2015: $614,439Expenses 2015: $561,930Net Income 2015: $52,5092015Revenue 2016: $674,180Expenses 2016: $600,290Net Income 2016: $73,8902016Revenue 2017: $738,988Expenses 2017: $611,058Net Income 2017: $127,9302017Revenue 2018: $756,998Expenses 2018: $738,721Net Income 2018: $18,2772018Revenue 2019: $761,043Expenses 2019: $752,558Net Income 2019: $8,4852019Revenue 2020: $412,636Expenses 2020: $458,945Net Income 2020: -$46,3092020Revenue 2021: $649,483Expenses 2021: $657,606Net Income 2021: -$8,1232021Revenue 2022: $802,626Expenses 2022: $757,669Net Income 2022: $44,9572022Revenue 2023: $930,812Expenses 2023: $835,839Net Income 2023: $94,9732023Revenue 2024: $997,654Expenses 2024: $893,558Net Income 2024: $104,0962024

Highlighted filing

2014

Revenue$587,186
Expenses$632,903
Net Income-$45,717
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$587,186
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$550,224$533,275▼ $16,949
Cash and Non-Interest-Bearing Accounts$41,890$31,344▼ $10,546
Land, Buildings, and Equipment, Net$4,766$3,616▼ $1,150
Accounts Receivable-$2,750-
Prepaid Expenses and Deferred Charges$6,790$1,293▼ $5,497
Total Assets$603,670$572,278▼ $31,392
Liabilities
Deferred Revenue$68,195$69,095▲ $900
Accounts Payable and Accrued Expenses$4,447$17,872▲ $13,425
Total Liabilities$72,642$86,967▲ $14,325
Net Assets / Fund Balance
Unrestricted Net Assets$531,028$485,311▼ $45,717
Total Net Assets Fund Balance$531,028$485,311▼ $45,717
Total Liabilities and Net Assets / Fund Balance$603,670$572,278▼ $31,392

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,616$6,647$10,263
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin SheaPresidentFT$63,667$4,458$68,125
James FinchInterim PresFT$54,800-$54,800
Michael PenningtonPresidentFT$8,522$637$9,159

Board Members and Trustees

NameTitle
Angie GheeslingChairman
Amanda ShailendraDirector
Andrea SchruijerDirector
Brian DillDirector
Charles StallworthDirector
Elyse Cochran-davisDirector
Greg TorreDirector
Jeff MullisDirector
Maceo RogersDirector
Mary Ellen McclanahanDirector
Mike WorleyDirector
Ricky McgeeDirector
Thomas CroteauDirector
Tim Evans1st Vice CHA
Greg Wright2nd Vice CHA
Joanne LewisImmed Past C
Anna ChafinSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$583,835
Investment Income
$3,051
Other Revenue
$300
Change in Net Assets
$-45,717

Audited Revenue Reconciliation

Revenue per Audited Statements
$587,186
Revenue Not Reported on Form 990
$2,750
Total Revenue per Audited Statements
$589,936
Total Revenue per Form 990
$587,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$443,223
Salaries, Compensation, and Employee Benefits$184,614
Grants and Similar Amounts Paid$5,066
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$336,109
Current Officers, Directors, Trustees, and Key Employees---$132,083
Other Salaries and Wages---$39,648
Fees for Services Other---$38,211
Office Expenses---$17,711
Occupancy---$16,721
Information Technology---$12,040
Payroll Taxes---$8,738
Travel---$6,114
Fees for Services Accounting---$5,119
Grants to Domestic Individuals---$5,066
Insurance---$3,644
Pension Plan Contributions---$2,774
Other Employee Benefits---$1,371
Depreciation Depletion---$1,150
Other Expenses---$817
Interest---$112
Total Functional Expenses$0$0$0$632,903

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$635,653
Expenses per Audited Statements$632,903
Total Expenses per Form 990$632,903
Expenses Not Reported on Form 990$2,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James D FinchFormer Ofcr/dirLegislative MonitoriNo$10,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization's membership is set forth in its by-laws as follows: "section 1. Membership - any reputable person who has a reasonable and substantial interest in the economic development of the state of georgia or any subdivision thereof, and who sincerely desires to further the purpose of this corporation may be elected a member by the board of directors as provided herein."

Form 990, Page 6, Part VI, Line 7A

The directors are elected by a majority of the members present at the annual meeting.

Form 990, Page 6, Part VI, Line 11B

The organization does not provide form 990 to all members of its governing body prior to filing the form. However, it does provide the form to its chairman, secretary/treasurer and president for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

A copy of the policy is given to all board members, staff members, volunteers or other stakeholders upon the commencement of such person's relationship with the organization or at the official adoption of the stated policy. Each board member, staff member, volunteer or other stakeholder shall sign and date the policy at the beginning of his/her term of service or employment and each year thereafter.

Form 990, Page 6, Part VI, Line 15A

The organization's president is employed under the terms of an employment contract. In determining the president's beginning compensation as set forth in the contract, the board used a salary survey prepared by the international economic development council (iedc), making adjustments for the size of the organization, the number of staff members, the scope of the organization's activities and the president's experience. Future salary increases will be based on market factors and job performance.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request during normal business hours.

Filing and Contact Details

Filer

Filer Name
Georgia Economic Developers
EIN
58-1265989
Phone
4049624110
Address
PO BOX 1776, ATLANTA, GA 30301-1776

Signing Officer

Name
Kevin Shea
Title
President
Phone
4049624110
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Shea
Formed
1975
Legal Domicile
Ga
Voting Board Members
17
Independent Board Members
17
Employees
4
Volunteers
75

Preparer

Firm
Gary L Black & Associates Pc
Address
PO BOX 1467, CONYERS, GA 30012-7567
Preparer
Gary L Black
Phone
7707600900
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined geda had no uncertain income tax positions at december 31, 2014.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18INTERIM PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt05066
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0587186
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt012040
IRS990/InsuranceGrp/TotalAmt03644
IRS990/InterestGrp/TotalAmt0112
IRS990/InvestmentIncomeGrp/ExclusionAmt03051
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03051
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06647
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04766
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03616
IRS990/LandBldgEquipCostOrOtherBssAmt010263
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0531028
IRS990/NetAssetsOrFundBalancesEOYAmt0485311
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt016721
IRS990/OfficeExpensesGrp/TotalAmt017711
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01371
IRS990/OtherExpensesGrp/Desc0PLAQUES, MEMORIALS
IRS990/OtherExpensesGrp/Desc1COMMITTEE ACTIVITIES
IRS990/OtherExpensesGrp/Desc2AFFILIATIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt02160
IRS990/OtherExpensesGrp/TotalAmt11890
IRS990/OtherExpensesGrp/TotalAmt21425
IRS990/OtherExpensesGrp/TotalAmt3817
IRS990/OtherRevenueMiscGrp/Desc0DIRECTORY/DATABASE/LABELS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0300
IRS990/OtherRevenueTotalAmt0300
IRS990/OtherSalariesAndWagesGrp/TotalAmt039648
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt08738
IRS990/PensionPlanContributionsGrp/TotalAmt02774
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06790
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01293
IRS990/PrincipalOfficerNm0KEVIN SHEA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEETINGS AND CONFERENCES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIP INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0356520
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1187315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt240000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0356520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1187315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt240000
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMITTEE ACTIVITIES - DEVELOP INFORMATION ON ECONOMIC DEVELOPMENT ISSUES TO DISSEMINATE VIA MONTHLY & SPECIAL MEETINGS, SPRING WORKSHOP, ANNUAL CONFERENCE, PRINT AND ELECTRONIC COMMUNICATIONS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt013556
IRS990/PYInvestmentIncomeAmt02544
IRS990/PYOtherExpensesAmt0481079
IRS990/PYOtherRevenueAmt01195
IRS990/PYProgramServiceRevenueAmt0610885
IRS990/PYRevenuesLessExpensesAmt0-51470
IRS990/PYSalariesCompEmpBnftPaidAmt0171459
IRS990/PYTotalExpensesAmt0666094
IRS990/PYTotalRevenueAmt0614624
IRS990/ReconcilationRevenueExpnssAmt0-45717
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0550224
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0533275
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt02750
IRS990ScheduleD/DonatedServicesUseFcltsAmt02750
IRS990ScheduleD/EquipmentGrp/BookValueAmt03616
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06647
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010263
IRS990ScheduleD/ExpensesNotReportedAmt02750
IRS990ScheduleD/ExpensesSubtotalAmt0632903
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt02750
IRS990ScheduleD/RevenueSubtotalAmt0587186
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED GEDA HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03616
IRS990ScheduleD/TotalExpensesPerForm990Amt0632903
IRS990ScheduleD/TotalRevenuePerForm990Amt0587186
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0589936
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0635653
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02866
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt21000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0BASIC ECON DEVELOP COURSE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2GEDA ANNUAL CONFERENCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4MIDWEST COMMUNITY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5DEVELOPMENT INSTITUTE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt12
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt21
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PROFESSIONAL DEVELOPMENT COMMITTEE ESTABLISHES THE MAXIMUM AMOUNT OF THE SCHOLARSHIP/GRANT. EACH SCHOLARSHIP/GRANT RECIPIENT SUBMITS A REPORT SHOWING IN DETAIL THE EXPENSES HE OR SHE INCURRED TO SIT FOR THE EXAMINATION, TAKE THE COURSE OR ATTEND THE CONFERENCE AND IS REIMBURSED BY THE ORGANIZATION FOR THESE EXPENSES UP TO THE MAXIMUM AMOUNT OF THE SCHOLARSHIP/GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMES D FINCH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER OFCR/DIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt010600
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGISLATIVE MONITORI
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MEMBERSHIP IS SET FORTH IN ITS BY-LAWS AS FOLLOWS: "SECTION 1. MEMBERSHIP - ANY REPUTABLE PERSON WHO HAS A REASONABLE AND SUBSTANTIAL INTEREST IN THE ECONOMIC DEVELOPMENT OF THE STATE OF GEORGIA OR ANY SUBDIVISION THEREOF, AND WHO SINCERELY DESIRES TO FURTHER THE PURPOSE OF THIS CORPORATION MAY BE ELECTED A MEMBER BY THE BOARD OF DIRECTORS AS PROVIDED HEREIN."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS ARE ELECTED BY A MAJORITY OF THE MEMBERS PRESENT AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT PROVIDE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY PRIOR TO FILING THE FORM. HOWEVER, IT DOES PROVIDE THE FORM TO ITS CHAIRMAN, SECRETARY/TREASURER AND PRESIDENT FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE POLICY IS GIVEN TO ALL BOARD MEMBERS, STAFF MEMBERS, VOLUNTEERS OR OTHER STAKEHOLDERS UPON THE COMMENCEMENT OF SUCH PERSON'S RELATIONSHIP WITH THE ORGANIZATION OR AT THE OFFICIAL ADOPTION OF THE STATED POLICY. EACH BOARD MEMBER, STAFF MEMBER, VOLUNTEER OR OTHER STAKEHOLDER SHALL SIGN AND DATE THE POLICY AT THE BEGINNING OF HIS/HER TERM OF SERVICE OR EMPLOYMENT AND EACH YEAR THEREAFTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PRESIDENT IS EMPLOYED UNDER THE TERMS OF AN EMPLOYMENT CONTRACT. IN DETERMINING THE PRESIDENT'S BEGINNING COMPENSATION AS SET FORTH IN THE CONTRACT, THE BOARD USED A SALARY SURVEY PREPARED BY THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL (IEDC), MAKING ADJUSTMENTS FOR THE SIZE OF THE ORGANIZATION, THE NUMBER OF STAFF MEMBERS, THE SCOPE OF THE ORGANIZATION'S ACTIVITIES AND THE PRESIDENT'S EXPERIENCE. FUTURE SALARY INCREASES WILL BE BASED ON MARKET FACTORS AND JOB PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0603670
IRS990/TotalAssetsEOYAmt0572278
IRS990/TotalAssetsGrp/BOYAmt0603670
IRS990/TotalAssetsGrp/EOYAmt0572278
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0632903
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072642
IRS990/TotalLiabilitiesEOYAmt086967
IRS990/TotalLiabilitiesGrp/BOYAmt072642
IRS990/TotalLiabilitiesGrp/EOYAmt086967
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0531028
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0485311
IRS990/TotalOtherCompensationAmt05095
IRS990/TotalProgramServiceRevenueAmt0583835
IRS990/TotalReportableCompFromOrgAmt0126989

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.21$1.12$1.00$0.89$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.18$0.23$0.95$0.93$0.84$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.21$0.79$0.80$0.76$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.20$0.82$0.65$0.66$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.17$0.77$0.41$0.46$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.21$0.77$0.76$0.75$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.24$0.75$0.76$0.74$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.14$0.74$0.74$0.61$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.13$0.61$0.67$0.60$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.14$0.54$0.61$0.56$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.09$0.49$0.59$0.63$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.07$0.53$0.61$0.67$0.05
2012Summary only. Only limited summary data is available for this year.$0.64$0.05$0.58$0.50$0.58$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.04$0.66$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.10$0.61$0.47