Nonprofit · EIN 59-3293246
NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC
Tax-exempt · YULEE, FL 32097
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $350,722 | $324,233 | $26,489 | $311,360 | $16,065 | $295,295 |
| September 30, 2023 | 990 | $279,326 | $319,522 | -$40,196 | $270,182 | $1,376 | $268,806 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $349,727
- of which government grants
- $161,477
- Program service revenue
- $0
- Investment income
- $995
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $78,751
- Other salaries and wages
- $90,262
- Salaries, compensation and benefits (total)
- $182,019
- Professional fundraising fees
- $0
- Travel
- $2,340
- Program services (functional)
- $243,172
- Management and general (functional)
- $81,061
Balance sheet and other
- Total assets, start of year
- $270,182
- Total assets, end of year
- $311,360
- Total liabilities, end of year
- $16,065
- Net assets, end of year
- $295,295
- Net assets without donor restrictions
- $295,295
- Gross receipts
- $350,722
- Employees
- 5
- Year formed
- 1995
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRI MITCHELL | EXECUTIVE DI Officer | 40 | $78,750 |
| PETER ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| DARRON ASYCUE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVIS BEAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY BUNCH | BOARD MEMBER Trustee or director | 1 | $0 |
| CHARLES MICHAEL COLE | BOARD MEMBER Trustee or director | 1 | $0 |
| HOLLY COYLE | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK CUTSHAW | TREASURER Trustee or director, Officer | 1 | $0 |
| REED HAMMOND | BOARD MEMBER Trustee or director | 1 | $0 |
| JODI HENSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY HINSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BO HODGES | BOARD MEMBER Trustee or director | 1 | $0 |
| BRUCE JASINSKY | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN LILLY | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT MOUNTJOY | BOARD MEMBER Trustee or director | 1 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HALSTON NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL NOONAN | BOARD MEMBER Trustee or director | 1 | $0 |
| CARMEN NORTH | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| CAROL SAVIAK | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL SCHWEND | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KENNY SIMS | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD TURNER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN VONNOH | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES WEAVER | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN WYLIE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRI MITCHELL | EXECUTIVE DI Officer | 40 | $75,000 |
| PETER ANDERSON | BOARD MEMBER Trustee or director | – | $0 |
| DARRON ASYCUE | BOARD MEMBER Trustee or director | – | $0 |
| DAVIS BEAN | BOARD MEMBER Trustee or director | – | $0 |
| JEFFREY BUNCH | TREASURER Trustee or director, Officer | – | $0 |
| CHARLES MICHAEL COLE | BOARD MEMBER Trustee or director | – | $0 |
| HOLLY COYLE | BOARD MEMBER Trustee or director | – | $0 |
| MARK CUTSHAW | BOARD MEMBER Trustee or director | – | $0 |
| REED HAMMOND | BOARD MEMBER Trustee or director | – | $0 |
| JODI HENSON | BOARD MEMBER Trustee or director | – | $0 |
| JERRY HINSON | BOARD MEMBER Trustee or director | – | $0 |
| BO HODGES | BOARD MEMBER Trustee or director | – | $0 |
| BRUCE JASINSKY | BOARD MEMBER Trustee or director | – | $0 |
| KEVIN LILLY | BOARD MEMBER Trustee or director | – | $0 |
| MATT MOUNTJOY | BOARD MEMBER Trustee or director | – | $0 |
| HALSTON NELSON | BOARD MEMBER Trustee or director | – | $0 |
| MICHAEL NOONAN | BOARD MEMBER Trustee or director | – | $0 |
| CARMEN NORTH | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| CAROL SAVIAK | BOARD MEMBER Trustee or director | – | $0 |
| PAUL SCHWEND | CHAIRMAN Trustee or director, Officer | – | $0 |
| RICHARD TURNER | BOARD MEMBER Trustee or director | – | $0 |
| JOHN VONNOH | BOARD MEMBER Trustee or director | – | $0 |
| JAMES WEAVER | BOARD MEMBER Trustee or director | – | $0 |
| LARRY WILLIAMS | BOARD MEMBER Trustee or director | – | $0 |
| STEVEN WYLIE | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 76346 WILLIAM BURGESS BLVD, YULEE, FL 32097-5447
- In care of
- % MICHAEL S MULLIN
- Principal officer (990 for 2023)
- PAUL SCHWEND, 572274 US HWY 1, CALLAHAN, FL 32011
- Signed the 990
- SHERRI MITCHELL, EXECUTIVE DIRECTOR
- Phone
- (904) 225-8878
- Return prepared by
- THE HURST COMPANY CPAS PA
Mission
COMMITMENT TO SUPPORT OPPORTUNITIES ACROSS NASSAU COUNTY TO SUSTAIN, EXPAND, AND DIVERSIFY ECONOMIC PROSPERITY.
Program accomplishments
- PROMOTED NASSAU COUNTY TO POTENTIAL BUSINESSES LOOKING TO RELOCATE AND EXPAND.Expenses $243,172
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 | Not on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 59-3293246
- 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
- 1997
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R00Z)
- Assets (IRS master file)
- $311,360
- Income (IRS master file)
- $350,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | – | – | – | IRS |
| 990 | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $297,221 | $286,666 | $311,690 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC
- What is the EIN of NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC?
- The employer identification number (EIN) of NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC is 59-3293246.
- Is NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC 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 NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC 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 NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC?
- The 990 for the year ended September 30, 2024 names PAUL SCHWEND.
- Who are the officers and directors of NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC?
- The 990 for the year ended September 30, 2024 lists 26 people; 1 received compensation from the organization, the highest $78,750 (SHERRI MITCHELL, EXECUTIVE DI).
- How much revenue does NASSAU COUNTY ECONOMIC DEVELOPMENT BOARD INC have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $350,722, expenses of $324,233 and total assets of $311,360 at year end.
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