2012-11-14T14:58:32-06:00 2012-06-30 581374304 ROBINSON GRIMES AND COMPANY PC PO BOX 4299 COLUMBUS GA 31914 990 2011-07-01 582014651 COLUMBUS ECONOMIC DEVELOPMENT CORPORATION INC COLU 7063271566 1200 SIXTH AVENUE COLUMBUS GA 31901 FRANK ETHERIDGE 7063271566 2012-11-07 1 JACK J PEASE III CPA P00014240 7063245435 2011 2016-02-24 21:20:13Z FRANK ETHERIDGE 1200 SIXTH AVENUE COLUMBUS GA 31901 1715881 0 X N/A X 1991 GA PROVIDE INCENTIVES AND OTHER SUPPORT AS WELL AS THE DEVELOPMENT OF PROPERTY FOR THE ECONOMIC BENEFIT OF THE CITY OF COLUMBUS AND THE SURROUNDING AREA. 11 11 0 12 0 0 0 0 0 0 68 -334784 224498 254714 224566 -80070 0 0 0 0 0 0 0 0 0 13489 8688 13489 8688 211077 -88758 12483496 11201367 12234310 11036934 249186 164433 PROVIDE INCENTIVES AND OTHER SUPPORT AS WELL AS THE DEVELOPMENT OF PROPERTY FOR THE ECONOMIC BENEFIT OF THE CITY OF COLUMBUS AND THE SURROUNDING AREA. 0 0 THE ORGANIZATION HAS ASSISTED THE DEVELOPMENT AUTHORITY OF COLUMBUS, GEORGIA WITH RESPECT TO THE STRUCTURE AND THE FINANCING OF A NUMBER OF PROJECTS DESIRING TO RELOCATE IN COLUMBUS, GEORGIA. THE LOCATION OF THE PROJECTS WOULD NOT HAVE BEEN OTHERWISE FEASIBLE WITHOUT THE SUPPORT OF THE ORGANIZATION. THE RESULTS WERE SIGNIFICANT BENEFITS TO THE COMMUNITY THROUGH CREATION OF JOBS AND CAPITAL INVESTMENT. 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 GA X X JOE SANDERS 7063271566 1200 SIXTH AVENUE COLUMBUS GA 31901 X FRANK ETHERIDGE 1.00 X X 0 0 0 MATHEWS SWIFT 1.00 X X 0 0 0 DICK ELLIS 1.00 X X 0 0 0 FERNANDO VERDREE 1.00 X X 0 0 0 JACKI LOWE 0.00 X 0 0 0 JAMES RICK ALEXANDER 0.00 X 0 0 0 JAMES BUNTIN 0.00 X 0 0 0 CAROLYN HUGLEY 0.00 X 0 0 0 JACK KEY III 0.00 X 0 0 0 J EDWARD SPROUSE 1.00 X X 0 0 0 OTIS SCARBOROUGH 0.00 X 0 0 0 JAMES JIMMY YANCEY 0.00 X 0 0 0 0 0 0 0 0 0 0 0 38 38 1039926 785212 254714 254714 254714 675917 1010739 -334822 -334822 -334822 -80070 -334822 0 254752 8250 8250 BANK FEES 438 438 8688 0 8688 0 370294 461469 886145 882145 13204090 3543847 11002058 9660243 224999 197510 12483496 11201367 3622511 3373637 50799 50799 7996965 7052468 564035 560030 12234310 11036934 X 249186 164433 249186 164433 12483496 11201367 X -88758 4005 X X 0 1 1 X 0 X X X 0 0 0 DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA 521305425 6 1 1 0 1 0 1521200 1521200 10382337 2715785 7666552 960761 540495 420266 339792 287567 52225 9660243 INTEREST RATE SWAP BALANCE 560030 560030 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: GAAP REQUIRES MANAGEMENT TO EVALUATE POSITIONS TAKEN BY (NON-PROFIT) AND RECOGNIZE A TAX LIABILITY IF COLUMBUS ECONOMIC DEVELOPMENT CORPORATION (CEDC) HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR STATE OR LOCAL TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY CEDC AND HAS CONCLUDED THAT AS OF 6/30/12, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CEDC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES CEDC IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 6/30/09. PART XII, LINE 2D RENTAL EXPENSES AND UNREALIZED GAINS REPORTED IN REVENUE ON 990, PART VIII INCLUDING: RENTAL - DEPRECIATION $341,815 RENTAL - AMORTIZATION $17,823 RENTAL - TAXES $8,897 RENTAL - INTEREST $431,094 RENTAL - INSURANCE $10,446 CHANGE IN VALUE OF INTEREST RATE SWAP CONTRACTS $78,554 TOTAL $888,629 PART XIII, LINE 2D - INCLUDES RENTAL EXPENSES AND UNREALIZED LOSSES REPORTED IN REVENUE ON PART VIII OF 990 AS FOLLOWS: RENTAL - DEPRECIATION $341,815 RENTAL - AMORTIZATION $17,823 RENTAL - TAXES $8,897 RENTAL - INTEREST $431,094 RENTAL - INSURANCE $10,446 TOTAL $810,075 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT WELL KNOWN TO THE ORGANIZATION AND EXPERIENCED IN THE AREA OF NON-PROFIT TAXATION. THE BOARD PERFORMS A REVIEW OF THE RETURN TO MAKE SURE NO MATERIAL OMISSIONS OR MISSTATEMENTS ARE MADE ON THE RETURN BEFORE IT IS FILED. ONCE APPROVED, THE RETURN IS SIGNED BY AN AUTHORIZED AGENT AND FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND EITHER MAILS, EMAILS, OR FAXES THE APPLICABLE DOCUMENTS TO THE RECIPIENT DEPENDING ON THE PARTICULAR CIRCUMSTANCES. IN ADDITION, THE ORGANIZATION'S 990 IS REPORTED ON GUIDESTAR.COM EACH YEAR FOR GENERAL PUBLIC REVIEW. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN VALUE OF INTEREST RATE SWAP CONTRACTS 4,005. TOTAL TO FORM 990, PART XI, LINE 5: 4,005. THERE HAVE BEEN NO CHANGES IN THE OVERSIGHT OR SELECTION PROCESS DURING THE CURRENT TAX YEAR. GREATER COLUMBUS CHAMBER OF COMMERCE PO BOX 1200 COLUMBUS GA 31902 580201875 PROMOTION OF THE BUSINESS COMMUNITY IN COLUMBUS AND SURROUNDING AREAS GA 501(C)(6) 0 DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA 1200 SIXTH AVENUE COLUMBUS GA 31901 521305425 PROVIDES INCENTIVES, OTHER SUPPORT & DEVELOPMENT OF PROP. FOR BENEFIT OF COL GA GOV'T 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 DEVELOPMENT AUTHORITY OF COLUMBUS GEORGIA E 286797 GREATER COLUMBUS CHAMBER OF COMMERCE M GREATER COLUMBUS CHAMBER OF COMMERCE N