Nonprofit · EIN 46-5287847
CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · GREEN CV SPGS, FL 32043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $912,176 | $719,949 | $192,227 | $515,585 | $23,778 | $491,807 |
| September 30, 2024 | 990 | $889,412 | $798,741 | $90,671 | $330,875 | $2,764 | $328,111 |
| September 30, 2023 | 990 | $711,115 | $704,886 | $6,229 | $244,861 | $7,421 | $237,440 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $832,150
- of which government grants
- $219,650
- Membership dues
- $612,500
- Program service revenue
- $70,530
- Investment income
- $8,820
- Other revenue
- $676
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $274,401
- Salaries, compensation and benefits (total)
- $292,992
- Professional fundraising fees
- $0
- Legal fees
- $30,000
- Accounting fees
- $18,150
- Occupancy
- $15,000
- Travel
- $12,641
- Depreciation
- $2,124
- Program services (functional)
- $606,291
- Management and general (functional)
- $113,658
Balance sheet and other
- Total assets, start of year
- $330,875
- Total assets, end of year
- $515,585
- Total liabilities, end of year
- $23,778
- Net assets, end of year
- $491,807
- Land, buildings and equipment
- $2,927
- Net assets without donor restrictions
- $458,256
- Net assets with donor restrictions
- $33,551
- Gross receipts
- $912,176
- Employees
- 2
- Volunteers
- 15
- Year formed
- 2014
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CADOR C POWELL | PRESIDENT Officer | 50 | $189,117 | $13,294 |
| LAURA PAVLUS | SENIOR VICE PRESIDENT - UNTIL 8/2024 Officer | 50 | $70,923 | $4,164 |
| GEORGE EGAN | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| MORGAN WILBANKS | VICE-CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| FRANK MILLER | TREASURER & SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| JERRY AGRESTI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RUSSELL BUCK | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRIAN KNIGHT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TED MCGOWAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOE MOBLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOE PICKENS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL RATHJEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| VAN ROYAL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRUCE FERGUSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRIAN MCGARITY | DIRECTOR Trustee or director | 5 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN WALRATH | DIRECTOR Trustee or director | 5 | $0 |
| CHAD PATRICK | DIRECTOR AS OF 10/2024 Trustee or director | 5 | $0 |
| ROB BRADLEY | DIRECTOR UNTIL 3/2025 Trustee or director | 5 | $0 |
| JEFF TAYLOR | DIRECTOR UNTIL 10/2024 Trustee or director | 5 | $0 |
990 for the year ended September 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CADOR C POWELL | PRESIDENT Officer | 50 | $172,786 | $6,628 |
| LAURA PAVLUS | SENIOR VICE PRESIDENT Officer | 50 | $145,000 | $12,189 |
| GEORGE EGAN | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| VAN ROYAL | VICE-CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| FRANK MILLER | TREASURER & SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| JERRY AGRESTI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ROB BRADLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RUSSELL BUCK | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRIAN KNIGHT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TED MCGOWAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOE MOBLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOE PICKENS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL RATHJEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KEVIN RINKS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JEFF TAYLOR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MORGAN WILBANKS | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cador C Powell | President Key employee, Highest-paid employee | 50 | $130,650 |
| Laura Pavlus | Senior Vice President Key employee, Highest-paid employee | 50 | $121,521 |
| Michael Rathjen | Board Member Trustee or director | 5 | $0 |
| Jerry Agresti | Board Member Trustee or director | 5 | $0 |
| Joe Mobley | Board Member Trustee or director | 5 | $0 |
| Brian Knight | Board Member Trustee or director | 5 | $0 |
| Joe Pickens | Board Members Trustee or director | 5 | $0 |
| Jeff Taylor | Board Member Trustee or director | 5 | $0 |
| Kevin Rinks | Board Member Trustee or director | 5 | $0 |
| Rob Bradley | Board Member Trustee or director | 5 | $0 |
| George Egan | Board Chairman Trustee or director | 10 | $0 |
| Ted McGowan | Board Treasurer & Secretary Trustee or director | 5 | $0 |
| Van Royal | Vice Chair Trustee or director | 5 | $0 |
| Frank Miller | Board Member Trustee or director | 5 | $0 |
| Russell Buck | Board Memeber Trustee or director | 5 | $0 |
| Morgan Wilbanks | Board Member Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 321 WALNUT ST, GREEN CV SPGS, FL 32043-3441
- In care of
- % BILL GARRISON
- Principal officer (990 for 2024)
- CADOR C POWELL, 321 WALNUT STREET, GREEN COVE SPRINGS, FL 32043
- Signed the 990
- CADOR C POWELL, PRESIDENT
- Phone
- (904) 375-9394
- Website
- WWW.CHOOSECLAY.COM
- Return prepared by
- JAMES MOORE & COPL
Mission
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.
Program accomplishments
- 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.Expenses $411,967
- 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 9TH 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.Expenses $166,922 · revenue $18,780
- 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.Expenses $27,402 · revenue $51,750
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 46-5287847
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $515,585
- Income (IRS master file)
- $912,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $912,176 | $719,949 | $515,585 | XML |
| 990 | September 2024 | $889,412 | $798,741 | $330,875 | XML |
| 990 | September 2023 | $711,115 | $704,886 | $244,861 | XML |
| 990 | September 2022 | $541,743 | $549,557 | $238,339 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5287847).
Questions about CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION is 46-5287847.
- Is CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names CADOR C POWELL.
- Who are the officers and directors of CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 19 people; 2 received compensation from the organization, the highest $189,117 (CADOR C POWELL, PRESIDENT).
- How much revenue does CLAY COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $912,176, expenses of $719,949 and total assets of $515,585 at year end.
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