2025-07-23T07:56:06-05:00 2024-09-30 593204548 JAMES MOORE & COPL 121 EXECUTIVE CIRCLE DAYTONA BEACH FL 321141180 990 2023-10-01 465287847 CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION CLAY 9043759394 1845 TOWN CENTER BLVD 110B FLEMING ISLAND FL 320033357 CADOR C POWELL PRESIDENT 9043759394 2025-07-10 1 1 JAMES A HALLERAN P00005496 3862574100 2025-07-10 2023 2025-03-06 01:10:19Z CADOR C POWELL 1845 TOWN CENTER BLVD 110B FLEMING ISLAND FL 320033357 889412 0 X WWW.CHOOSECLAY.COM X 2014 FL WE SEEK TO RECRUIT NEW BUSINESSES TO LOCATE TO CLAY COUNTY AND WORK TO RETAIN AND HELP GROW EXISTING BUSINESSES, ALL IN AN EFFORT TO: PROVIDE QUALITY, HIGH-WAGE EMPLOYMENT OPPORTUNITIES; DIVERSIFY THE LOCAL ECONOMY; GROW THE NON-RESIDENTIAL TAX BASE; AND IMPROVE THE OVERALL BUSINESS CLIMATE AND QUALITY OF LIFE IN CLAY COUNTY FOR ITS CITIZENS AND FAMILIES. 14 14 2 14 0 0 711115 823196 0 61129 0 5087 0 0 711115 889412 0 0 0 0 355262 306045 0 0 0 349624 492696 704886 798741 6229 90671 244861 330875 7421 2764 237440 328111 X WE SEEK TO RECRUIT NEW BUSINESSES TO LOCATE TO CLAY COUNTY AND WORK TO RETAIN AND HELP GROW EXISTING BUSINESSES, ALL IN AN EFFORT TO: PROVIDE QUALITY, HIGH-WAGE EMPLOYMENT OPPORTUNITIES; DIVERSIFY THE LOCAL ECONOMY; GROW THE NON-RESIDENTIAL TAX BASE; AND IMPROVE THE OVERALL BUSINESS CLIMATE AND QUALITY OF LIFE IN CLAY COUNTY FOR ITS CITIZENS AND FAMILIES. 0 0 520613 WORKING WITH AN ENGINEERING CONSULTANT, CLAY EDC FACILITATED PHASE I AND PHASE II SITE DUE DILIGENCE ON A 100 ACRE SITE AT THE KEYSTONE HEIGHTS AIRPORT. THE EFFORT INCLUDES MARKETING MATERIALS AND RENDERINGS OF A POTENTIAL MAINTENANCE AND REPAIR OPERATION THAT COULD BE LOCATED ON THE SITE. CLAY EDC ALSO SUPPORTED CLAY COUNTY TOURISM IN CONDUCTING A FEASIBILITY STUDY FOR A MAJOR DESTINATION WATERPARK RESORT AND AN ANALYSIS ON THE REGIONAL SPORTS COMPLEX FUTURE PLANNING NEEDS. 155832 30040 CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION (EDC) HOSTED TWO LUNCHEON PRESENTATIONS THAT PROVIDED RELEVANT INFORMATION TO AREA BUSINESS LEADERS AND STAKEHOLDERS. CLAY EDC HOSTED A WORKFORCE DEVELOPMENT SUMMIT FOCUSING ON TALENT ALIGNMENT AND DEVELOPMENT EFFORTS. CLAY EDC HOSTED THE 8TH ANNUAL FIRST COAST EXPRESSWAY SUMMIT TO PROVIDE UP-TO-DATE INFORMATION ON DEVELOPMENT RELATED TO THE CONSTRUCTION OF SR-23. CLAY EDC WAS THE FISCAL AGENT FOR CLAY COUNTY LEGISLATIVE DAY IN TALLAHASSEE, FL TO BRING AWARENESS FOR COUNTY NEEDS AND OPPORTUNITIES. 32490 31089 CLAY COUNTY EDC SUPPORTED OVER $500 MILLION IN REAL ESTATE, INFRASTRUCTURE, REDEVELOPMENT, TOURISM, AND NEW BUSINESS PROJECTS FOR CLAY COUNTY. NEW BUSINESS RECRUITMENT PROJECTS INCLUDED A HEALTHCARE FACILITY AND EDUCATIONAL FACILITY. THESE ANNOUNCED PROJECTS WILL YIELD OVER 100 HIGH WAGE JOBS. THERE ARE ANOTHER 500 JOBS IN THE PROJECT PIPELINE. 708935 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 FL X THE ORGANIZATION 9043759394 1845 TOWN CENTER BLVD 110B FLEMING ISLAND FL 320033357 GEORGE EGAN CHAIRMAN 10.00 X X 0 0 0 VAN ROYAL VICE-CHAIRMAN 5.00 X X 0 0 0 FRANK MILLER TREASURER & SECRETARY 5.00 X X 0 0 0 JERRY AGRESTI DIRECTOR 5.00 X 0 0 0 ROB BRADLEY DIRECTOR 5.00 X 0 0 0 RUSSELL BUCK DIRECTOR 5.00 X 0 0 0 BRIAN KNIGHT DIRECTOR 5.00 X 0 0 0 TED MCGOWAN DIRECTOR 5.00 X 0 0 0 JOE MOBLEY DIRECTOR 5.00 X 0 0 0 JOE PICKENS DIRECTOR 5.00 X 0 0 0 MICHAEL RATHJEN DIRECTOR 5.00 X 0 0 0 KEVIN RINKS DIRECTOR 5.00 X 0 0 0 JEFF TAYLOR DIRECTOR 5.00 X 0 0 0 MORGAN WILBANKS DIRECTOR 5.00 X 0 0 0 CADOR C POWELL PRESIDENT 50.00 X 172786 0 6628 LAURA PAVLUS SENIOR VICE PRESIDENT 50.00 X 145000 0 12189 317786 0 18817 2 0 1 0 0 529249 291447 2500 823196 CLAY DAY 900099 31089 31089 PROGRAM MEETINGS AND E 900099 30040 30040 61129 5087 5087 889412 61129 0 5087 X 286383 286383 19662 19662 18923 18923 13000 13000 266555 266555 64335 63361 974 21979 7004 14975 8610 8610 25000 25000 11602 11602 19511 19511 2124 2124 2498 2498 CLAY DAY 32490 32490 DUES AND SUBSCRIPTIONS 6069 2367 3702 798741 708935 89806 0 199688 167517 126754 27289 29999 17884 1554 11513 6462 0 5051 244861 330875 7421 2764 7421 2764 X 226836 318908 10604 9203 237440 328111 244861 330875 90671 0 X 0 1 X 1 0 X 380844 507358 541743 711115 823196 2964256 380844 507358 541743 711115 823196 2964256 2964256 5087 5087 2969343 61189 0.99830 0.99980 X SCHEDULE A, PART II: PREVIOUSLY FILED FORMS 990 INDICATED THAT THE ORGANIZATION WAS CLASSIFIED AS A PUBLIC CHARITY ORGANIZED AS A FEDERAL, STATE OR LOCAL GOVERNMENTAL UNIT UNDER IRS CODE SECTION 170(B)(1)(A)(V). ENTITIES UNDER THIS CLASSIFICATION ARE NOT REQUIRED TO COMPLETE SCHEDULE A PART II OR PART III. HOWEVER, UPON REVIEW OF THE ORGANIZATION'S IRS DETERMINATION LETTER, IT WAS DETERMINED THAT THE ORGANIZATION SHOULD HAVE BEEN FILING AS A PUBLIC CHARITY THAT RECEIVES SUBSTANTIAL SUPPORT FROM A GOVERNMENTAL UNIT OR THE GENERAL PUBLIC, CLASSIFIED UNDER IRS CODE SECTION 170(B)(1)(A)(VI). CHARITIES UNDER THIS CLASSIFICATION ARE REQUIRED TO COMPLETE SCHEDULE A PART II. TO CORRECT THIS OVERSIGHT, FOR 2023, THE ORGANIZATION IS REPORTING THE PRIOR YEAR SCHEDULE A ACTIVITY AS IT WOULD HAVE BEEN HAD SCHEDULE A PART II BEEN PROPERLY FILED IN PREVIOUS YEARS. THIS REVISION ENSURES COMPLIANCE WITH IRS REGULATIONS AND ACCURATELY REFLECTS THE ORGANIZATION'S FINANCIAL REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11513 6462 5051 5051 X 927213 36400 32490 68890 858323 31089 31089 889412 835141 36400 36400 798741 0 798741 PART X, LINE 2: THE EDC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE EDC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE EDC'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND MAY CHANGE UPON EXAMINATION. THE EDC HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CLAY DAY EXPENSES - REPORTED ON 990 PART IX (DONOR RESTRICTED NET ASSETS) 32,490. PART XI, LINE 4B - OTHER ADJUSTMENTS: CLAY DAY REVENUE (DONOR RESTRICTED NET ASSETS) 31,089. X 0 0 0 0 0 0 0 0 0 CADOR C POWELL PRESIDENT 160000 0 10000 0 2786 0 6628 0 0 0 179414 0 0 0 LAURA PAVLUS SENIOR VICE PRESIDENT 120000 0 25000 0 0 0 7250 0 4939 0 157189 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B CLAY COUNTY EDC COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS DURING A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C PER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, OFFICERS, DIRECTORS, AND EMPLOYEES HAVE AN AFFIRMATIVE DUTY TO DISCLOSE THE EXISTENCE OF ANY ACTUAL OR PERCEIVED CONFLICTS OF INTEREST WITH ANY ENTITY IN WHICH THE ORGANIZATION IS CURRENTLY ENGAGED OR CONSIDERING A RELATIONSHIP. THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S COMPENSATION DETERMINATION PROCESS INVOLVED AN INITIAL REVIEW BY THE OUTSOURCED ACCOUNTANT, WHO DISCUSSED THE ARRANGEMENTS WITH A MEMBER OF THE OPERATIONS COMMITTEE (ACTING AS AN EXECUTIVE COMMITTEE). THIS COMMITTEE MEMBER THEN PRESENTED THE FINDINGS AT A BOARD MEETING FOR DISCUSSION. FOR 2023, COMPENSATION INCREASES WERE BASED ON SEVERAL FACTORS: - NO RAISE WAS GIVEN THE PREVIOUS YEAR - STRONG NEW INVESTMENT PARTNERS WERE SECURED - BUDGET EXPECTATIONS WERE MET - A MAJOR PROJECT AGREEMENT WAS COMPLETEDTHE LARGEST SINGLE CAPITAL PROJECT IN CLAY HISTORY THE DECISION TO INCREASE COMPENSATION WAS BASED ON A COMBINATION OF REVIEW AND MERIT-BASED CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G ENVIRONMENTAL CONSULTING FEES: PROGRAM SERVICE EXPENSES 100,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,000. FEASIBILITY STUDY SERVICES: PROGRAM SERVICE EXPENSES 146,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 146,000. ALL OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 20,555. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,555.