Civic Intelligence

First Capitol Tourism Development

EIN 26-3753912 • 501(c)6 • Corydon, IN

Profile

First capitol tourism development inc is a public-private partnership building a better economic future through effective tourism planning business and infrastructure development and visitor marketing and servicing.

310 N Elm StreetCorydon, IN 47112

www.thisisindiana.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

14th percentile

-13%

Higher net margin than 14% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$103,440

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

12th percentile

-19%

Faster asset growth than 12% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-0.4%

Faster revenue growth than 35% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$500,375

Down $161,794 (-24%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$500,375

Down $161,794 (-24%) from 2022

Revenue

Up

$908,614

Up $45,020 (+5.2%) from 2022

Expenses

Up

$1,023,674

Up $233,434 (+30%) from 2022

Net Income

Down

-$115,060

Down $188,414 (-257%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2012: $105,018Liabilities 2012: $2,224Net Assets 2012: $102,7942012Assets 2013: $102,720Liabilities 2013: $0Net Assets 2013: $102,7202013Assets 2014: $179,204Liabilities 2014: $0Net Assets 2014: $179,2042014Assets 2015: $297,596Liabilities 2015: $0Net Assets 2015: $297,5962015Assets 2016: $347,655Liabilities 2016: $0Net Assets 2016: $347,6552016Assets 2019: $216,497Liabilities 2019: $0Net Assets 2019: $216,4972019Assets 2020: $294,846Liabilities 2020: $0Net Assets 2020: $294,8462020Assets 2021: $588,815Liabilities 2021: $0Net Assets 2021: $588,8152021Assets 2022: $662,169Liabilities 2022: $0Net Assets 2022: $662,1692022Assets 2024: $500,375Liabilities 2024: $0Net Assets 2024: $500,3752024

Highlighted filing

2024

Assets$500,375
Liabilities$0
Net Assets$500,375

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $837,2812012Revenue 2013: $853,255Expenses 2013: $853,329Net Income 2013: -$742013Revenue 2014: $859,544Expenses 2014: $783,060Net Income 2014: $76,4842014Revenue 2015: $892,753Expenses 2015: $774,361Net Income 2015: $118,3922015Revenue 2016: $957,223Expenses 2016: $907,164Net Income 2016: $50,0592016Revenue 2019: $886,762Expenses 2019: $994,628Net Income 2019: -$107,8662019Revenue 2020: $773,024Expenses 2020: $694,675Net Income 2020: $78,3492020Revenue 2021: $942,876Expenses 2021: $648,907Net Income 2021: $293,9692021Revenue 2022: $863,594Expenses 2022: $790,240Net Income 2022: $73,3542022Revenue 2024: $908,614Expenses 2024: $1,023,674Net Income 2024: -$115,0602024

Highlighted filing

2024

Revenue$908,614
Expenses$1,023,674
Net Income-$115,060

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$910,845
Mission and Program Overview

Mission

First capitol tourism development inc is a public-private partnership building a better economic future through effective tourism planning business and infrastructure development and visitor marketing and servicing.

TOURISM MARKETING

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$586,202$478,879▼ $107,323
Land, Buildings, and Equipment, Net$29,233$21,496▼ $7,737
Total Assets$615,435$500,375▼ $115,060
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$615,435$500,375▼ $115,060
Total Net Assets Fund Balance$615,435$500,375▼ $115,060
Total Liabilities and Net Assets / Fund Balance$615,435$500,375▼ $115,060

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,311$66,504$87,815
Leasehold Improvements$185$4,941$5,126
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy YackleExecutive DirectorFT$97,090$6,350$103,440

Board Members and Trustees

NameTitle
Michael WisemanPresident
Scott FluhrVice President
Craig EnglemanDirector
Rachel KittermanDirector
Claudia YundtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$907,200
Investment Income
$0
Other Revenue
$1,414
Change in Net Assets
$-115,060

Audited Revenue Reconciliation

Revenue per Audited Statements
$910,845
Revenue Not Reported on Financial Statements
$-2,231
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-2,231
Total Revenue per Audited Statements
$910,845
Total Revenue per Form 990
$908,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$680,620
Salaries, Compensation, and Employee Benefits$343,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$383,315$87,588-$470,903
Other Salaries and Wages$155,173$35,457-$190,630
Current Officers, Directors, Trustees, and Key Employees$84,200$19,240-$103,440
Occupancy$27,611$6,309-$33,920
Information Technology$23,193$5,300-$28,493
Other Employee Benefits$19,716$4,505-$24,221
Payroll Taxes$17,201$3,931-$21,132
Travel$10,151$2,319-$12,470
Office Expenses$9,805$2,240-$12,045
Insurance$9,784$2,236-$12,020
Depreciation Depletion$6,298$1,439-$7,737
Other Expenses$4,213$963-$5,176
Pension Plan Contributions$2,956$675-$3,631
All Other Expenses$2,182$499-$2,681
Fees for Services Accounting$18$4-$22
Total Functional Expenses$833,271$190,403$0$1,023,674

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,025,905
Expenses per Audited Statements$1,023,674
Total Expenses per Form 990$1,023,674
Expenses Not Reported on Form 990$2,231
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael WisemanBoard PresidentRentNo$15,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Board president reviews 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed annually with board members.

Form 990, Part VI, Section B, Line 15A

The board is responsible for review of the executive director and determination of annual salary, bonus and benefits.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Capitol Tourism Development
EIN
26-3753912
Phone
8127340581
Address
310 N ELM STREET, CORYDON, IN 47112

Signing Officer

Name
Michael Wiseman
Title
President
Phone
8127340581
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Wiseman
Formed
2008
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
8
Volunteers
5

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
9300 SHELBYVILLE ROAD SUITE 1100, LOUISVILLE, KY 40222-5187
Preparer
Melinda L Heck
Phone
5024269660
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

First capitol tourism development corporation, inc. Is a not-for-profit organization that is exempt from income taxes under section 501(c)(6) of the internal revenue code. The organization files an informational tax return in the u.s. Federal jurisdiction and with the indiana department of revenue. However, income from certain activities not directly related to the organization's tax exempt purpose may be subject to taxation as unrelated business income. During the year ended december 31, 2024, the organization had no unrelated business income. As of december 31, 2024, the organization did not have any accrued interest or penalties related to income tax liabilities, and no interest or penalties have been charged to operations for the year then ended.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -2,231.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 2,231.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIRST CAPITOL TOURISM DEVELOPMENT CORPORATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FILES AN INFORMATIONAL TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE INDIANA DEPARTMENT OF REVENUE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. DURING THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME. AS OF DECEMBER 31, 2024, THE ORGANIZATION DID NOT HAVE ANY ACCRUED INTEREST OR PENALTIES RELATED TO INCOME TAX LIABILITIES, AND NO INTEREST OR PENALTIES HAVE BEEN CHARGED TO OPERATIONS FOR THE YEAR THEN ENDED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD -2,231.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 2,231.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021496
IRS990ScheduleD/TotalExpensesPerForm990Amt01023674
IRS990ScheduleD/TotalRevenuePerForm990Amt0908614
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0910845
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01025905
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHAEL WISEMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015600
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0MICHAEL WISEMAN IS THE BOARD PRESIDENT OF THE ORGANIZATION AND ALSO SERVES AS THE VICE-PRESIDENT OF KITNER HOUSE, WHICH IS THE ORGANIZATION TO WHICH RENT IS PAID.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV LINE 1
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD PRESIDENT REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS RESPONSIBLE FOR REVIEW OF THE EXECUTIVE DIRECTOR AND DETERMINATION OF ANNUAL SALARY, BONUS AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HARRISON COUNTY TOURISM COMM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0351776716
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TOURISM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0310 NORTH ELM ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CORYDON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd047112
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0900000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CONTRACT REVENUE RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HARRISON COUNTY TOURISM COMMISSION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0615435
IRS990/TotalAssetsEOYAmt0500375
IRS990/TotalAssetsGrp/BOYAmt0615435
IRS990/TotalAssetsGrp/EOYAmt0500375
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0190403
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0833271
IRS990/TotalFunctionalExpensesGrp/TotalAmt01023674
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0615435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0500375
IRS990/TotalOtherCompensationAmt06350
IRS990/TotalProgramServiceExpensesAmt0833271
IRS990/TotalProgramServiceRevenueAmt0907200
IRS990/TotalReportableCompFromOrgAmt097090
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0908614
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0908614
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0615435
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0500375
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02319
IRS990/TravelGrp/ProgramServicesAmt010151
IRS990/TravelGrp/TotalAmt012470
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0310 N ELM STREET
IRS990/USAddress/CityNm0CORYDON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047112
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THISISINDIANA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL WISEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08127340581
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST CAPITOL TOURISM DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0263753912
ReturnHeader/Filer/PhoneNum08127340581
ReturnHeader/Filer/USAddress/AddressLine1Txt0310 N ELM STREET
ReturnHeader/Filer/USAddress/CityNm0CORYDON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047112
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611064249
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEMING MALONE LIVESAY & OSTROFF PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09300 SHELBYVILLE ROAD SUITE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402225187
ReturnHeader/PreparerPersonGrp/PhoneNum05024269660
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELINDA L HECK
ReturnHeader/ReturnTs02025-11-13T06:50:42-06:00

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