Tri City Economic Development Corporation
Tri City Economic Development Corporation reported $17.6 million in revenue and $16.8 million in expenses for calendar year 2024. Of every $100 it spent, $97.00 went to program services, $2.95 to management and general costs and $0.05 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.5% of the total. The highest compensation it reported for one person was $248,885 (DRIVER). 27 people received more than $100,000 in reportable compensation. Revenue rose 60% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.0% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.9% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.6% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 84.5% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $248,885 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.48% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 27 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.2 | 18.8 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseDuring 2024, the organization continued to provide individuals with the assets and skills necessary to be positive and productive employees and members of the community. Also, the organization provided curbside recycling, organics collection, and recycling processing. In addition, it operated its own buy back recycling center
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DRIVER Highest compensated employee, 40.00 hrs/week | $192,171 | $0 | $56,714 | $248,885 |
| DRIVER Highest compensated employee, 40.00 hrs/week | $188,047 | $0 | $56,714 | $244,761 |
| DRIVER Highest compensated employee, 40.00 hrs/week | $179,547 | $0 | $56,714 | $236,261 |
| DRIVER Highest compensated employee, 40.00 hrs/week | $175,464 | $0 | $56,714 | $232,178 |
| SHOP STUART Highest compensated employee, 40.00 hrs/week | $163,304 | $0 | $26,675 | $189,979 |
| CEO Officer, 40.00 hrs/week | $150,000 | $0 | $36,888 | $186,888 |
| CHIEF ADMINISTRATIVE OFFICER Officer, 45.00 hrs/week | $113,901 | $0 | $46,260 | $160,161 |
| CHIEF OPERATIONS OFFICER Officer, 45.00 hrs/week | $113,901 | $0 | $45,317 | $159,218 |
27 people received more than $100,000 in reportable compensation from Tri City Economic Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $506K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 593
- Volunteers Part I, line 65
Correct a figure or respond
Every number above is copied from Tri City Economic Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Tri City Economic Development Corporation, you can publish a response that is linked from this page.
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Of every $100 Tri City Economic Development Corporation spent in 2024, $97.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Marie Selby Botanical GardensSarasota, FL · revenue $18M · programs 78.3% · FY2025
- Big Sur Land TrustMonterey, CA · revenue $18M · programs 75.9% · FY2025
- Nantucket Conservation FoundationNantucket, MA · revenue $18M · programs 70.2% · 2024
- Norfolk Botanical GardenNorfolk, VA · revenue $18M · programs 89.4% · FY2025
- The Water Institute of the GulfBaton Rouge, LA · revenue $17M · programs 75.8% · 2024
Questions people ask
How much of Tri City Economic Development Corporation's spending goes to programs?
In calendar year 2024, Tri City Economic Development Corporation reported that 97.0% of its $16.8 million in expenses went to program services, 2.9% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Tri City Economic Development Corporation pay its top executive?
The largest total compensation Tri City Economic Development Corporation reported for one person in calendar year 2024 was $248,885, for the role of DRIVER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Tri City Economic Development Corporation get its money?
Of $17.6 million in revenue in calendar year 2024, 0.6% came from contributions and grants (including 0.6% from government grants) and 84.5% from program service revenue (Form 990, Part VIII).
Is Tri City Economic Development Corporation a registered charity?
The IRS lists EIN 94-2687078 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202522489349300137 · read the filing
- 2023: Form 990 for calendar year 2023, object 202412199349300136 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342859349301549 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243209349300234 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103189349301465 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002989349300500 · read the filing
All filings for EIN 94-2687078: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.