Powell Development Corporation
ORGANIZATION EXISTS TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL AND COMMERICAL DEVELOPMENT IN THE CITY OF POWELL.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-1.5% YoY
Annual Giving
$300K
Grant Count
6
Avg Grant Size
$50K
About Powell Development Corporation
Based on IRS filings
Powell Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in POWELL, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 6 grants totaling $300K. Net investment income was $27K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,913,978 | $1,942,432 | $471,314 |
| Revenue | $876,691 | $678,344 | $361,050 |
| Expenses | $608,895 | $93,276 | $57,157 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $26,691 | $18,344 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Csd Powell Llc ($188,000), Events and Tourism Community Ptr ($58,250), Veqi Llc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CSD POWELL LLC POWELL, OH | BUSINESS DEVELOPMENT | $188,000 |
| EVENTS AND TOURISM COMMUNITY PTR POWELL, OH | BUSINESS DEVELOPMENT | $58,250 |
| DREAM CATCHER HOSPITALITY LLC POWELL, OH | BUSINESS DEVELOPMENT | $7,500 |
| VEQI LLC DUBLIN, OH | BUSINESS DEVELOPMENT | $25,000 |
| CBUS GROUP LLC POWELL, OH | BUSINESS DEVELOPMENT | $6,229 |
| COHIBA PROPERTIES LLC POWELL, OH | BUSINESS DEVELOPMENT | $15,425 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOM COUNTS | MAYOR | 1 | — |
| ANDREW WHITE | SECRETARY | 1 | — |
| JIM HRIVNAK | CHAIRMAN | 1 | — |
| NICOLE SCOTT | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Powell Development Corporation?
Powell Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in POWELL, OH. It holds $1.9M in total assets as of 2024.
How large is Powell Development Corporation?
As of 2024, Powell Development Corporation holds $1.9M in total assets with $877K in annual revenue. It awarded 6 grants totaling $300K in 2024.
Where does Powell Development Corporation operate?
Powell Development Corporation has awarded grants in Ohio.
What size grants does Powell Development Corporation award?
In 2024, Powell Development Corporation awarded 6 grants totaling $300K — an average of about $50K per grant, based on its IRS Form 990 filings.
What is Powell Development Corporation's EIN?
Powell Development Corporation's EIN (Employer Identification Number) is 27-2904588. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Powell Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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