EIN 59-2946685

Economic Development Commission of Florida's Space Coast

IRS 501(c) type
501(c)(6)
Num. employees
12
State
Year formed
1989
Most recent tax filings
2022-09-01
NTEE code, primary
Description
Economic Development Commission of Florida's Space Coast promotes and fosters economic and industrial development in Brevard County, Florida by implementing economic programs to strengthen and expand the income potential of businesses within the trade area. It works closely with the Space Coast business community, business leaders, government officials, and community organizations to achieve this mission.
Total revenues
$2,934,772
2022
Total expenses
$2,416,791
2022
Total assets
$2,899,084
2022
Num. employees
12
2022

Program areas at Economic Development Commission of Florida's Space Coast

The Economic Development Commission of Florida's Space Coast is an innovative, countywide, not-for-profit working closely with the Space Coast business community, business leaders, chambers of commerce, local and state government leaders, and community organizations. The edc is dedicated to attracting new business and investment and expanding existing industry throughout the Space Coast, advocating for positive business policies, promoting the Space Coast to encourage new business investment, supporting efforts of Space Coast military installations, and developing programs to assist manufacturing and high tech companies. (continued on schedule o)the edc guides its program of work within three primary strategic priorities: 1. Maintain a targeted industry focus concentrating efforts on five key industries that serve as core drivers of economy: aerospace and aviation, advanced communications, electronics, homeland security and defense, and emerging technologies. 2. Advocate for a competitive business environment3. Engage community leaders and elected officials, enabling these leaders to serve as Economic Development advocates throughout the community. Alongside job growth, the edc continues to foster the conditions and coalitions that lead to opportunities for business to expand and obtain qualified workforce. These programs include:the certified production technician program, most commonly known as the cpt program, continues to grow, as the edc builds the next generation of brevard's manufacturing workforce. This course continues to not only provide training, it also provides workforce-ready skills with 88% of cpt certified students securing employment. The program has grown to include career exposure tours, hr and interview skills sessions, and private job fairs.the edc live big Space Coast campaign attracts top talent to support the workforce pipeline needs of local industry.this past year the edc team managed 47 new business projects and 87 new client leads. The Space Coast is ranked as the #1 most industry diversified economy in Florida. This reflects the edc's business attraction efforts to diversify our industry base, providing additional avenues of employment and long-term durability for brevard's economy.

Who funds Economic Development Commission of Florida's Space Coast

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
FloridamakesNist Cooperative Agreement - To Facilitate Mep Activities in Accordance With Floridamakes Mission To Establish, Promote, Maintain, and Expand A Statewide Mep Identity.$96,414
Health FirstGeneral Support - 2021 Accelerate Brevard Sponorship$37,500

Personnel at Economic Development Commission of Florida's Space Coast

NameTitleCompensation
Lynda WeathermanPresident and Chief Executive Officer$325,882
Brian BalutaVice President, Communications and Partner Relations
Edgar Campa-PalafoxVice President, Business Development
Trudy Mccarthy, MedpExecutive Vice President
Trudy McCarthySenior Director of Marketing and Strategic Initiatives / Senior Director of Marketing and Strategic Initiat / Senior Director Marketing / Senior Director Marke / Senior Director of Operations$123,425
...and 4 more key personnel

Financials for Economic Development Commission of Florida's Space Coast

RevenuesFYE 09/2022
Total grants, contributions, etc.$2,791,412
Program services$104,496
Investment income and dividends$215
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$38,649
Total revenues$2,934,772

Form 990s for Economic Development Commission of Florida's Space Coast

Fiscal year endingDate received by IRSFormPDF link
2021-092022-08-09990View PDF
2020-092021-04-12990View PDF
2019-092020-10-09990View PDF
2018-092019-10-11990View PDF
2017-092018-10-16990View PDF
...and 7 more Form 990s
Data update history
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Received grants
Identified 2 new grant, including a grant for $96,414 from Floridamakes
May 6, 2023
Updated personnel
Identified 80 new personnel
May 6, 2023
Used new vendors
Identified 1 new vendor, including
September 28, 2022
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsPolitical advocacyState / local levelReceives government fundingCommunity engagement / volunteering
General information
Address
6525 3rd St 304
Rockledge, FL 32955
Metro area
Palm Bay-Melbourne-Titusville, FL
Website URL
spacecoastedc.org/ 
Phone
(321) 638-2000
Facebook page
EDCofFloridasSpaceCoast 
Twitter profile
@spacecoastedc 
IRS details
EIN
59-2946685
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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