Business Growth
Supporting companies through resources, advocacy, and strategic partnerships.
Furthering economic development and job growth in Okaloosa County
About Organization
Based in Fort Walton Beach, FL, the Economic Development Council furthers economic development within Okaloosa County by attracting new businesses, supporting existing industries, and promoting the county as a premier business location. The council generates $680,589 in annual revenue while coordinating business retention, workforce development, and marketing initiatives that strengthen the local economy.
Business Growth
Supporting companies through resources, advocacy, and strategic partnerships.
Workforce Development
Preparing individuals for employment through training and skill building.
Regional Prosperity
Strengthening the local economy through collaborative development initiatives.
Form 990 data showing organizational financial health and growth.
Revenue (2023)
$681K
-2.4% vs 2022
Expenses (2023)
$674K
+3.6% vs 2022
Assets (2023)
$335K
+3.4% vs 2022
Employees (2023)
4
+0% vs 2022
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2023 | $680,589 | $674,251 | $335,015 | 4 |
| 2022 | $697,242 | $651,020 | $324,072 | 4 |
| 2021 | $672,279 | $640,898 | $278,015 | 6 |
| 2020 | $579,069 | $566,581 | $289,181 | 5 |
| 2019 | $604,415 | $601,102 | $257,583 | 6 |
| 2018 | $597,722 | $590,122 | $227,944 | 6 |
| 2017 | $565,009 | $600,286 | $231,212 | 5 |
Source: IRS Form 990 filings. All figures in USD.
Analyze regional economic conditions and identify growth opportunities.
Engage businesses and stakeholders to strengthen collaborative efforts.
Execute initiatives supporting business growth and workforce development.
Monitor economic indicators and measure impact of development strategies.
Services and programs offered by Economic Development Council
Resources and guidance helping companies grow and succeed in competitive markets.
Training programs preparing individuals for employment and career advancement.
Engagement with government to support business-friendly policies and regulations.
Meet the people behind Economic Development Council.
1997
1997
Economic Development Council was established to address community needs and advance its mission.
2005
2005
Strengthened governance with expanded board and executive team.
2023
2023
Demonstrated effectiveness through measurable program outcomes.
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2023)
$192K
Highest Paid
$192K
Samuel Nathan Sparks
Compensated Officers
1
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Samuel Nathan Sparks | Executive Director | $180,279 | $11,663 | $191,942 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Samuel Nathan Sparks | Executive Director | $164,025 | $23,740 | $187,765 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Samuel Nathan Sparks | Executive Director | $155,052 | $23,595 | $178,647 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Samuel Nathan Sparks | Executive Director | $158,168 | $22,506 | $180,674 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Samuel Nathan Sparks | Executive Director | $157,142 | $22,148 | $179,290 | 40 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Paycheck Protection Program (2020-2021)
Total Approved
$49K
Total Forgiven
$49K
101% forgiven
Jobs Retained
4
Source: Small Business Administration • Paycheck Protection Program (2020-2021)