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Clay County Economic Development Corporation

EIN 46-5287847 · Green Cv Spgs, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceGood87 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$912,176
Spending
$719,949
Spent on programs
84%
Reserves
7.6 months of spending
Largest source of income
donations and private grants, 67%
Employees
2
Volunteers
15
Highest pay
$202,411, president

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 78% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.6 months of spending.

  • Debt

    20 of 20

    It owes 5% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 21% of income.

  • Income trend

    15 of 15

    Income rose 3% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 87 out of 100. Higher than 71% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $411,967 spent. 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.
  2. $166,922 spent. 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.
  3. $27,402 spent. 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.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.