Emerald Development And Economic
EIN: 341667990 · Cleveland, OH · NTEE: L80Z
| Metric | Value |
|---|---|
| Total Revenue | $56.3M |
| Total Expenses | $46.9M |
| Net Assets | $25.4M |
Is Emerald Development And Economic Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Emerald Development And Economic
Emerald Development And Economic (EIN: 341667990) is a nonprofit organization based in Cleveland, OH, classified under NTEE code L80Z. The organization reported total revenue of $56.3M and total assets of $59.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emerald Development And Economic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Emerald Development And Economic is a major nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.5M |
| Total Expenses | $46.9M |
| Surplus / Deficit | +$544K |
| Total Assets | $46.2M |
| Total Liabilities | $20.8M |
| Net Assets | $25.4M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 44.9% |
| Months of Reserves | 11.8 months |
Financial Health Grade: A
In 2023, Emerald Development And Economic reported a surplus of $544K with revenue exceeding expenses, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 44.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Emerald Development And Economic's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.8% | +13.4% | +18.4% |
| 2022 | +12.2% | +6.6% | +3.5% |
| 2021 | +2.2% | +4.4% | +1.7% |
| 2020 | +7.4% | +13.6% | +10.4% |
| 2019 | -4.7% | +2.8% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Emerald Development And Economic has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Emerald Development And Economic with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $544K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.9%.
Frequently Asked Questions about Emerald Development And Economic
Is Emerald Development And Economic a legitimate charity?
Emerald Development And Economic (EIN: 341667990) is a registered tax-exempt nonprofit based in Ohio. It has 14 years of IRS 990 filings on record. Total revenue: $56.3M. No red flags identified. Financial health grade: A.
How does Emerald Development And Economic spend its money?
Emerald Development And Economic reported $56.3M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Emerald Development And Economic tax-deductible?
Emerald Development And Economic is registered as a tax-exempt nonprofit (EIN: 341667990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Emerald Development And Economic located?
Emerald Development And Economic is headquartered in Cleveland, Ohio and files with the IRS under EIN 341667990. It is classified under NTEE code L80Z.
How many years of IRS 990 filings does Emerald Development And Economic have?
Emerald Development And Economic has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $56.3M in total revenue.
Filing History
IRS 990 filing history for Emerald Development And Economic showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Emerald Development And Economic's revenue has grown by 80.2%, moving from $26.4M to $47.5M. Total assets increased by 139.4% over the same period, from $19.3M to $46.2M. Total functional expenses rose by 86.3%, from $25.2M to $46.9M. In its most recent filing year (2023), Emerald Development And Economic reported a surplus of $544K, with revenue exceeding expenses. The organization holds $20.8M in liabilities against $46.2M in assets (debt-to-asset ratio: 44.9%), resulting in net assets of $25.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.5M | $46.9M | $46.2M | $20.8M | — | — |
| 2022 | $42.1M | $41.4M | $39.0M | $14.1M | — | View 990 |
| 2021 | $37.5M | $38.8M | $37.7M | $13.5M | — | View 990 |
| 2020 | $36.7M | $37.2M | $37.1M | $11.6M | — | View 990 |
| 2019 | $34.2M | $32.7M | $33.6M | $7.7M | — | View 990 |
| 2018 | $35.9M | $31.8M | $32.4M | $8.0M | — | View 990 |
| 2017 | $30.9M | $29.5M | $28.1M | $7.8M | — | — |
| 2016 | $29.8M | $28.3M | $26.9M | $8.0M | — | View 990 |
| 2015 | $27.7M | $27.6M | $25.1M | $7.8M | — | View 990 |
| 2014 | $26.2M | $26.1M | $25.4M | $8.2M | — | View 990 |
| 2013 | $12.8M | $12.9M | $24.4M | $7.3M | — | View 990 |
| 2013 | $24.0M | $23.7M | $24.2M | $7.0M | — | View 990 |
| 2012 | $25.6M | $25.1M | $20.0M | $5.8M | — | View 990 |
| 2011 | $26.4M | $25.2M | $19.3M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.5M, expenses of $46.9M, and assets of $46.2M (revenue +12.8% year-over-year).
- 2022: Revenue of $42.1M, expenses of $41.4M, and assets of $39.0M (revenue +12.2% year-over-year).
- 2021: Revenue of $37.5M, expenses of $38.8M, and assets of $37.7M (revenue +2.2% year-over-year).
- 2020: Revenue of $36.7M, expenses of $37.2M, and assets of $37.1M (revenue +7.4% year-over-year).
- 2019: Revenue of $34.2M, expenses of $32.7M, and assets of $33.6M (revenue -4.7% year-over-year).
- 2018: Revenue of $35.9M, expenses of $31.8M, and assets of $32.4M (revenue +16.1% year-over-year).
- 2017: Revenue of $30.9M, expenses of $29.5M, and assets of $28.1M (revenue +3.6% year-over-year).
- 2016: Revenue of $29.8M, expenses of $28.3M, and assets of $26.9M (revenue +7.8% year-over-year).
- 2015: Revenue of $27.7M, expenses of $27.6M, and assets of $25.1M (revenue +5.6% year-over-year).
- 2014: Revenue of $26.2M, expenses of $26.1M, and assets of $25.4M (revenue +104.0% year-over-year).
- 2013: Revenue of $12.8M, expenses of $12.9M, and assets of $24.4M (revenue -46.4% year-over-year).
- 2013: Revenue of $24.0M, expenses of $23.7M, and assets of $24.2M (revenue -6.6% year-over-year).
- 2012: Revenue of $25.6M, expenses of $25.1M, and assets of $20.0M (revenue -2.7% year-over-year).
- 2011: Revenue of $26.4M, expenses of $25.2M, and assets of $19.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Emerald Development And Economic:
Data Sources and Methodology
This transparency report for Emerald Development And Economic is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.