2020-08-17T10:07:45-05:00 2019-09-30 410746749 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 338015354 990 2018-10-01 592946685 ECONOMIC DEVELOPMENT COMMISSION OF FLORIDA'S SPACE COAST INC ECON 3216382000 6525 3RD STREET NO 304 ROCKLEDGE FL 32955 LYNDA WEATHERMAN PRESIDENT & CEO 3216382000 2020-08-14 1 LAUREN BALLARD CPA P01451787 8636805600 2020-08-14 67.137.57.251 2020-08-14 04:21:27 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1B5EB360EE328A9676587C14C3A24D68B6871257 2018 2020-09-23 17:36:50Z LYNDA WEATHERMAN 6525 3RD STREET NO 304 ROCKLEDGE FL 32955 3169084 0 X WWW.SPACECOASTEDC.ORG X 1989 FL TO PROMOTE AND FOSTER ECONOMIC AND INDUSTRIAL DEVELOPMENT IN BREVARD COUNTY, FLORIDA. 116 116 14 116 0 0 2404412 3090160 117550 71089 4212 5503 1229 2332 2527403 3169084 0 0 0 0 1480498 1422548 0 0 0 890606 1661741 2371104 3084289 156299 84795 2710063 2120757 1335479 661378 1374584 1459379 X TO PROMOTE AND FOSTER ECONOMIC AND INDUSTRIAL DEVELOPMENT IN BREVARD COUNTY, FLORIDA BY PROMOTING AND IMPLEMENTING ECONOMIC PROGRAMS DESIGNED TO BOTH STRENGTHEN AND EXPAND INCOME POTENTIAL OF ALL BUSINESSES WITHIN THE TRADE AREA. 0 0 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:G.O. CONTRACTS CONNECTS BUSINESS TO AN ENHANCED GOVERNMENT CONTRACTING DATABASE FOCUSED ON CUSTOMIZED CONTENT AND OPPORTUNITIES. SINCE ITS INCEPTION IN 2013, COMPANIES PARTICIPATING IN THE PROGRAM HAVE BEEN AWARDED 102 CONTRACTS TOTALING MORE THAN $66.8 MILLION IN VALUE.THE MANUFACTURING AND TALENT ASSET PIPELINE PROGRAM HAS ENABLED 328 INDIVIDUALS IN BREVARD COUNTY TO BECOME CERTIFIED FOR ENTRY LEVEL POSITIONS IN MANUFACTURING SINCE 2016. THE PROGRAM RECORDS AN 88% COMPLETION RATE WITH 87% OF STUDENTS SECURING EMPLOYMENT. CURRENTLY 69 COMPANIES ACROSS BREVARD EMPLOY CPT GRADUATES.THE EDC LIVE BIG SPACE COAST CAMPAIGN ATTRACTS TOP TALENT TO SUPPORT THE WORKFORCE PIPELINE NEEDS OF LOCAL INDUSTRY.EDC NASA TECHNOLOGY DOCKING PROGRAM ENTERED ITS FOURTH YEAR. THE PROGRAM HAS MATCHED 95 COMPANIES WITH NASA SPECIALISTS TO OVERCOME A TECHNOLOGY CHALLENGE.THIS PAST YEAR THE EDC TEAM MANAGED 20 NEW BUSINESS PROJECTS AND 51 NEW CLIENT LEADS. THE SPACE COAST IS RANKED AS THE #2 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. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 14 1 0 0 0 0 1 1 0 0 0 X 116 116 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X TRUDY MCCARTHY 3216382000 6525 3RD STREET NO 304 ROCKLEDGE FL 32955 DANA KILBORNE CHAIR 3.00 X X 0 0 0 JOE T MAYER CHAIR ELECT 2.00 X X 0 0 0 PHILLIP HAYES IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 BART GAETJENS TREASURER 2.00 X X 0 0 0 JULIE K SONG SECRETARY 2.00 X X 0 0 0 MATTHEW ABER DIRECTOR 1.00 X 0 0 0 GWENDOLYN ANELLO DIRECTOR 1.00 X 0 0 0 KRISTIN BAKKE DIRECTOR 1.00 X 0 0 0 COURTNEY BARKER DIRECTOR 1.00 X 0 0 0 DENNIS BASILE DIRECTOR 1.00 X 0 0 0 ARTHUR BECKER DIRECTOR 1.00 X 0 0 0 CHARLES R BERRY DIRECTOR 1.00 X 0 0 0 BARNEY BISHOP DIRECTOR 1.00 X 0 0 0 LEAH BLACKMORE DIRECTOR 1.00 X 0 0 0 BONNY BLOCK DIRECTOR 1.00 X 0 0 0 JEAN ANN BOWMAN DIRECTOR 1.00 X 0 0 0 JULIE BRAGA DIRECTOR 1.00 X 0 0 0 THOMAS BRANDON DIRECTOR 1.00 X 0 0 0 LINDA BRANDT DIRECTOR 1.00 X 0 0 0 SCOTT BRAZDO DIRECTOR 1.00 X 0 0 0 ADAM BROADWAY DIRECTOR 1.00 X 0 0 0 COLLEEN BROWNE DIRECTOR 1.00 X 0 0 0 SANDRA BURGE DIRECTOR 1.00 X 0 0 0 MARK F BUSALACCHI DIRECTOR 1.00 X 0 0 0 NATASHA CARTAGENA SPENCER DIRECTOR 1.00 X 0 0 0 HOLLY CARVER DIRECTOR 1.00 X 0 0 0 LAURA CHIESMAN DIRECTOR 1.00 X 0 0 0 DANIEL CIURO DIRECTOR 1.00 X 0 0 0 ROZ CLARK DIRECTOR 1.00 X 0 0 0 CHRIS CONNEEN DIRECTOR 1.00 X 0 0 0 WAYNE COOPER DIRECTOR 1.00 X 0 0 0 ZACHARY A COTNER DIRECTOR 1.00 X 0 0 0 BRIAN E CURTIN DIRECTOR 1.00 X 0 0 0 BILL DAVIS DIRECTOR 1.00 X 0 0 0 CRAIG DAY DIRECTOR 1.00 X 0 0 0 JOSEPH DISANTI DIRECTOR 1.00 X 0 0 0 CINDY DITTMER DIRECTOR 1.00 X 0 0 0 STEPHANY ELEY DIRECTOR 1.00 X 0 0 0 DANIEL EVANS DIRECTOR 1.00 X 0 0 0 THOMAS EYE DIRECTOR 1.00 X 0 0 0 BARRY FORBES DIRECTOR 1.00 X 0 0 0 AL FORBES DIRECTOR 1.00 X 0 0 0 KEVIN GHOLSTON DIRECTOR 1.00 X 0 0 0 DEBORAH GOODE DIRECTOR 1.00 X 0 0 0 DON E GUST DIRECTOR 1.00 X 0 0 0 KIRK HALL DIRECTOR 1.00 X 0 0 0 DEBBIE HARVEY DIRECTOR 1.00 X 0 0 0 TOM C HERMANSEN DIRECTOR 1.00 X 0 0 0 SUSAN HODGERS DIRECTOR 1.00 X 0 0 0 GORDY HOUSER DIRECTOR 1.00 X 0 0 0 TRUDIE INFANTINI DIRECTOR 1.00 X 0 0 0 KRISTINE ISNARDI DIRECTOR 1.00 X 0 0 0 SHARON IVORY DIRECTOR 1.00 X 0 0 0 NEAL JOHNSON DIRECTOR 1.00 X 0 0 0 WAYNE E JUSTICE DIRECTOR 1.00 X 0 0 0 PUNEET KAPUR DIRECTOR 1.00 X 0 0 0 ROBERT KLEIN DIRECTOR 1.00 X 0 0 0 DAVID KORNICK DIRECTOR 1.00 X 0 0 0 JULIE KOROUNTCHEV DIRECTOR 1.00 X 0 0 0 GARY KRUEGER DIRECTOR 1.00 X 0 0 0 MICHAEL LAPIDUS DIRECTOR 1.00 X 0 0 0 BRIAN LIGHTLE DIRECTOR 1.00 X 0 0 0 ELISABETH LOGAN DIRECTOR 1.00 X 0 0 0 JORDAN LUHN DIRECTOR 1.00 X 0 0 0 THOMAS MAHLE DIRECTOR 1.00 X 0 0 0 BEN MALIK DIRECTOR 1.00 X 0 0 0 DAWN MAYS DIRECTOR 1.00 X 0 0 0 STEPHANIE B MCLOUGHLIN DIRECTOR 1.00 X 0 0 0 MARY MEAD DIRECTOR 1.00 X 0 0 0 LINDA MIEDEMA DIRECTOR 1.00 X 0 0 0 JASON W MILLER DIRECTOR 1.00 X 0 0 0 LUKE MIORELLI DIRECTOR 1.00 X 0 0 0 TODD MORLEY DIRECTOR 1.00 X 0 0 0 MARCI MURPHY DIRECTOR 1.00 X 0 0 0 GARY NEAL DIRECTOR 1.00 X 0 0 0 JO LYNN NELSON DIRECTOR 1.00 X 0 0 0 KYLE NYLANDER DIRECTOR 1.00 X 0 0 0 JOHN COLE OLIVER DIRECTOR 1.00 X 0 0 0 DANIEL PIERRON DIRECTOR 1.00 X 0 0 0 TODD POKRYWA DIRECTOR 1.00 X 0 0 0 DAN POLLOCK DIRECTOR 1.00 X 0 0 0 TRAVIS PROCTOR DIRECTOR 1.00 X 0 0 0 JONATHAN H REED DIRECTOR 1.00 X 0 0 0 DINA REIDER-HICKS DIRECTOR 1.00 X 0 0 0 KIMBERLY REZANKA DIRECTOR 1.00 X 0 0 0 VALIA RICH DIRECTOR 1.00 X 0 0 0 JENNIFER ROGERS DIRECTOR 1.00 X 0 0 0 ANTHONY M ROMERO DIRECTOR 1.00 X 0 0 0 WENDY ROMEU DIRECTOR 1.00 X 0 0 0 HAL ROSE DIRECTOR 1.00 X 0 0 0 GILBERT RUSSELL DIRECTOR 1.00 X 0 0 0 JACK RYALS DIRECTOR 1.00 X 0 0 0 ROBERT SALONEN DIRECTOR 1.00 X 0 0 0 MARK A SCHRAMEK DIRECTOR 1.00 X 0 0 0 WINSTON SCOTT DIRECTOR 1.00 X 0 0 0 LEAH SELIG DIRECTOR 1.00 X 0 0 0 KAREN SKYERS DIRECTOR 1.00 X 0 0 0 FORREST SMALLEY DIRECTOR 1.00 X 0 0 0 LYNN SMITH DIRECTOR 1.00 X 0 0 0 LISA STEFFEN DIRECTOR 1.00 X 0 0 0 LINDA STOUT DIRECTOR 1.00 X 0 0 0 MATTHEW SUSIN DIRECTOR 1.00 X 0 0 0 TONY TALIANCICH DIRECTOR 1.00 X 0 0 0 AL TAYLOR DIRECTOR 1.00 X 0 0 0 STEPHEN C THOMAS DIRECTOR 1.00 X 0 0 0 CHRISTINE THOMPSON DIRECTOR 1.00 X 0 0 0 EMMANUEL TORMES DIRECTOR 1.00 X 0 0 0 ESTEBAN VALENTIN DIRECTOR 1.00 X 0 0 0 DAVID J VOLK DIRECTOR 1.00 X 0 0 0 ABRAM WALTON DIRECTOR 1.00 X 0 0 0 BRADLEY WHITE DIRECTOR 1.00 X 0 0 0 LISA WILDER DIRECTOR 1.00 X 0 0 0 BILL WILLIAMS DIRECTOR 1.00 X 0 0 0 MICHAEL WILLIAMS DIRECTOR 1.00 X 0 0 0 ERIC WRIGHT DIRECTOR 1.00 X 0 0 0 LAURA YOUNG DIRECTOR 1.00 X 0 0 0 LYNDA WEATHERMAN PRESIDENT 45.00 X 292661 0 59785 TRUDY MCCARTHY SR DIRECTOR OF MARKETING 45.00 X 117246 0 44745 GREGORY WEINER SR DIRECTOR BUSINESS DEVELOPMENT 45.00 X 114887 0 33440 524794 0 137970 3 0 1 0 0 490040 2600120 3090160 MEETINGS AND FUNCTIONS 900099 60265 60265 PROGRAM SPONSORSHIPS 900099 10824 10824 71089 5503 5503 MISCELLANEOUS INCOME 900099 2332 2332 2332 3169084 71089 0 7835 362958 777227 106985 106801 68577 4305 36825 44569 138493 31249 52513 120831 10407 55228 7226 5475 EXPENSES UNDER GRANTS 1121311 BAD DEBT EXPENSE 12250 EDUCATION & TRAINING 5357 ASSOCIATION DUES 5327 10375 3084289 211712 239807 2244554 1598369 67436 114263 125125 83238 9616 40686 135666 101400 41492 34266 10128 10128 2710063 2120757 156284 183453 1179195 477925 1335479 661378 X 1374584 1459379 1374584 1459379 2710063 2120757 84795 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 34987 6997 27990 76266 69990 6276 24413 24413 0 34266 X 3189679 20595 20595 3169084 0 3169084 3104884 20595 20595 3084289 0 3084289 PART X, LINE 2: THE COMMISSION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. X X X X 0 0 0 LYNDA WEATHERMAN PRESIDENT 246861 0 35000 0 10800 0 38844 0 20941 0 352446 0 0 0 TRUDY MCCARTHY SR DIRECTOR OF MARKETING 116246 0 1000 0 0 0 18900 0 25845 0 161991 0 0 0 BRANDT RONAT & COMPANY ENTITY MORE THAN 35% OWNED BY BOARD MEMBER LINDA BRANDT 63599 IMAGE AND ATTRACTION CAMPAIGN 0 FORM 990, PART VI, SECTION A, LINE 1 AN EXECUTIVE COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS HAS CHARGE OF THE ROUTINE BUSINESS AFFAIRS OF THE EDC DURING THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL DELIBERATE UPON AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS ON ALL MAJOR MATTERS CONCERNING THE EDC'S BUSINESS AND OPERATION. ACTIVITIES OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO AND RATIFIED BY THE BOARD OF DIRECTORS AT THEIR NEXT REGULARLY SCHEDULED MEETING. THE EXECUTIVE COMMITTEE MEMBERSHIP AND APPOINTMENTS ARE GUIDED BY THE CORPORATE BY-LAWS. A BI-ANNUAL ELECTION PROCESS ENABLES REPRESENTATIVES FROM THE INVESTOR BASE TO BE APPOINTED TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE EDC SHALL HAVE SEVEN (7) CLASSES OF MEMBERSHIP AS FOLLOWS: GOVERNOR'S LEVEL; LEADERSHIP LEVEL; BOARD OF ADVISOR LEVEL; CORPORATE LEVEL; CHAIRMAN LEVEL; AMBASSADOR LEVEL; PATRON LEVEL. ANY INDIVIDUAL OR ORGANIZATION THAT PAYS DUES AND AGREES TO BE BOUND BY THE ARTICLES OF INCORPORATION, THE BYLAWS, AND SUCH RULES AND REGULATIONS AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ADOPT IS ELIGIBLE FOR MEMBERSHIP IN THE EDC. ONLY INDIVIDUALS, SOLE PROPRIETORS, LOCAL CHAMBERS OF COMMERCE AND NOT-FOR-PROFIT ORGANIZATIONS MAY BE PATRON LEVEL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS MEMBERSHIP AND APPOINTMENTS ARE GUIDED BY THE CORPORATE BY-LAWS. A BI-ANNUAL ELECTION PROCESS ENABLES REPRESENTATIVES FROM THE INVESTOR BASE TO BE APPOINTED TO THE BORAD OF DIRECTORS. GOVERNING DOCUMENTS, CORPORATE POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EDC'S OFFICE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 AND REQUIRED ATTACHMENTS IS PRESENTED TO THE FINANCE COUNCIL AND SENIOR EDC STAFF BY THE CPA PREPARING THE RETURN, PRIOR TO FILING. THE FINANCE COUNCIL APPROVES THE RETURN FOR THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR VOTING UPON A MEASURE BEFORE THE BOARD OF DIRECTORS IN WHICH HE OR SHE HAS A PERSONAL, PRIVATE OR PROFESSIONAL INTEREST AND WHICH INURES TO HIS OR HER SPECIAL PRIVATE GAIN, OR THE SPECIAL GAIN OF ANY PRINCIPAL BY WHOM HE OR SHE IS RETANED, SHALL PRIOR TO SUCH VOTE DISCLOSE THE NATURE OF HIS INTEREST TO THE BOARD OF DIRECTORS AND WITH THE PERSON RESPONSIBLE FOR RECORDING THE MINUTES, WHO SHALL INCORPORATE THE DISCLOSURE IN THE MINUTES. AN INTERESTED DIRECTOR MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD OF DIRECTORS. IN THE EVENT A BOARD MEMBER BECOMES AWARE OF AN UNDECLARED CONFLICT OF INTEREST UPON A MATTER PREVIOUSLY VOTED UPON BY THE BOARD MEMBER, THEY SHOULD IMMEDIATELY FILE WITH THE SECRETARY OF THE EDC A WRITTEN STATEMENT REGARDING THE NATURE OF THE CONFLICT FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, A COMMITTEE OF AT LEAST FOUR SHALL BE SELECTED BY THE IMMEDIATE PAST CHAIRMAN OF THE BOARD TO REVIEW THE PRESIDENTS PERFORMANCE AND RECOMMEND ADJUSTMENTS TO THE PRESIDENTS COMPENSATION PACKAGE. THE COMMITTEE SHALL BE CHAIRED BY THE IMMEDIATE PAST CHAIRMAN OF THE BOARD OF THE EDC AND SHALL INCLUDE THE CURRENT CHAIRMAN OF THE BOARD. THE REMAINDER SHALL BE COMPOSED OF PREVIOUS CHAIRPERSONS OF THE EDC. A SALARY COMPARISON/BENCHMARK WILL BE CONDUCTED AT MINIMUM, EVERY THREE YEARS (LAST COMPLETED IN SEPTEMBER 2018). A PERFORMANCE QUESTIONNAIRE SHALL BE DISTRIBUTED TO THE EXECUTIVE COMMITTEE MEMBERS REQUESTING FEEDBACK REGARDING THE PRESIDENTS PERFORMANCE FOR THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CORPORATE POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EDC'S OFFICE.