Civic Intelligence

Spencer-Owen County Economic

EIN 31-1183771 • 501(c)3 • Spencer, IN

Profile

COMMUNITY DEVELOPMENT

PO Box 87Spencer, IN 47460-0087

www.owencountyindiana.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

1.1%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$441,422

Up $93,253 (+27%) from 2022

Liabilities

Up

$37,919

Up $9,149 (+32%) from 2022

Net Assets

Up

$403,503

Up $84,104 (+26%) from 2022

Revenue

Up

$304,668

Up $83,404 (+38%) from 2022

Expenses

Up

$261,087

Up $13,911 (+5.6%) from 2022

Net Income

Up

$43,581

Up $69,493 (+268%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $71,176Liabilities 2012: $890Net Assets 2012: $70,2862012Assets 2013: $96,100Liabilities 2013: $920Net Assets 2013: $95,1802013Assets 2014: $116,420Liabilities 2014: $964Net Assets 2014: $115,4562014Assets 2015: $91,046Liabilities 2015: $2,245Net Assets 2015: $88,8012015Assets 2016: $95,335Liabilities 2016: $8,015Net Assets 2016: $87,3202016Assets 2017: $188,566Liabilities 2017: $2,240Net Assets 2017: $186,3262017Assets 2018: $244,672Liabilities 2018: $6,863Net Assets 2018: $237,8092018Assets 2019: $278,741Liabilities 2019: $19,697Net Assets 2019: $259,0442019Assets 2020: $240,560Liabilities 2020: $5,602Net Assets 2020: $234,9582020Assets 2021: $375,447Liabilities 2021: $27,671Net Assets 2021: $347,7762021Assets 2022: $348,169Liabilities 2022: $28,770Net Assets 2022: $319,3992022Assets 2024: $441,422Liabilities 2024: $37,919Net Assets 2024: $403,5032024

Highlighted filing

2024

Assets$441,422
Liabilities$37,919
Net Assets$403,503

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $152,669Expenses 2012: $140,642Net Income 2012: $12,0272012Revenue 2013: $137,096Expenses 2013: $112,551Net Income 2013: $24,5452013Revenue 2014: $91,027Expenses 2014: $72,754Net Income 2014: $18,2732014Revenue 2015: $95,290Expenses 2015: $109,280Net Income 2015: -$13,9902015Revenue 2016: $118,959Expenses 2016: $122,061Net Income 2016: -$3,1022016Revenue 2017: $166,248Expenses 2017: $139,770Net Income 2017: $26,4782017Revenue 2018: $198,791Expenses 2018: $145,732Net Income 2018: $53,0592018Revenue 2019: $214,413Expenses 2019: $193,178Net Income 2019: $21,2352019Revenue 2020: $222,216Expenses 2020: $265,762Net Income 2020: -$43,5462020Revenue 2021: $282,073Expenses 2021: $193,415Net Income 2021: $88,6582021Revenue 2022: $221,264Expenses 2022: $247,176Net Income 2022: -$25,9122022Revenue 2024: $304,668Expenses 2024: $261,087Net Income 2024: $43,5812024

Highlighted filing

2024

Revenue$304,668
Expenses$261,087
Net Income$43,581

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$0.38$4.04$3.05$2.61$0.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.29$3.19$2.21$2.47$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.75$0.28$3.48$2.82$1.93$0.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.06$2.35$2.22$2.66$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.20$2.59$2.14$1.93$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.07$2.38$1.99$1.46$0.53
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.02$1.86$1.66$1.40$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.08$0.87$1.19$1.22$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.89$0.95$1.09$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$0.91$0.73$0.18
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$1.37$1.13$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.01$0.70$1.53$1.41$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 1, 2025
Return Version
2024v5.0
Gross Receipts
$321,068
Mission and Program Overview

Mission

Community economic development and stimulate business within the community.

Promote economic development and stimulate business within the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$119,519$112,036▼ $7,483
Savings and Temporary Cash Investments$7,969$100,197▲ $92,228
Other Notes and Loans Receivable, Net-$82,610-
Accounts Receivable$42,712$60,078▲ $17,366
Cash and Non-Interest-Bearing Accounts$218,728$48,619▼ $170,109
Investments Other Securities-$35,716-
Prepaid Expenses and Deferred Charges-$2,166-
Total Assets$388,928$441,422▲ $52,494
Liabilities
Deferred Revenue$25,000$34,056▲ $9,056
Other Liabilities$3,536$3,863▲ $327
Accounts Payable and Accrued Expenses$470--
Total Liabilities$29,006$37,919▲ $8,913
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$359,922$368,645▲ $8,723
Net Assets With Donor Restrictions-$34,858-
Total Net Assets Fund Balance$359,922$403,503▲ $43,581
Total Liabilities and Net Assets / Fund Balance$388,928$441,422▲ $52,494

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$35,716--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024-$10,750▲ $1,547-$35,716
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bruce HamlinEdc Chair
Todd GardnerPresident
Aaron La GrangeBoard Member
Andy ClineBoard Member
Brad KeiserBoard Member
Brandi HamiltonBoard Member
Danell WitmerBoard Member
Nicole PlunkettBoard Member
Todd DurnilBoard Member
Chris ConnerSecretary/tr
Liz IrwinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$139,133
Program Service Revenue
$101,245
Investment Income
$6,818
Other Revenue
$57,472
All Other Contributions
$139,133
Change in Net Assets
$43,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,581
Other Expenses$115,506
Total Fundraising Expense$1,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$126,832--$126,832
Occupancy$30,414--$30,414
Fees for Services Other$16,333--$16,333
Depreciation Depletion$12,170--$12,170
Office Expenses$9,713-$437$10,150
Payroll Taxes$9,703--$9,703
Other Employee Benefits$7,239--$7,239
Travel$6,076--$6,076
Fees for Services Accounting$4,488--$4,488
Advertising$3,663-$817$4,480
Information Technology$4,043--$4,043
Conferences and Meetings$3,404--$3,404
Insurance$3,301--$3,301
Other Expenses$3,024--$3,024
All Other Expenses$2,732-$61$2,793
Pension Plan Contributions$1,807--$1,807
Fees for Services Legal$-169--$-169
Total Functional Expenses$259,772$0$1,315$261,087
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,681
Fundraising Direct Expenses$16,400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Back to School$9,157$9,157$5,482$3,675
Banquet$8,883$8,883$7,130$1,753
Total Events$18,040$18,040$12,612$5,428
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$3,530
Retirement Payable$333
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

Todd gardner 5707 flowing well rd poland, in 47868 chris conner 201 north morgan st spencer, in 47460 todd durnil 5083 west union valley rd bloomington, in 47404 brad keiser 780 brookside dr spencer, in 47460 bruce hamlin 4375 par avenue spencer, in 47460 nicole plunkett 1600 w temperance elletsville, in 47403 liz irwin 1100 w 2nd st bloomington, in 47403 andy cline 205 e hillside ave spencer, in 47460 aaron la grange 151 east hillside ave spencer, in 47460 danell witmer 501 n walnut bloomington, in 47404 brandi hamilton 3208 white road spencer, in 47460

Form 990, Page 6, Part VI, Line 11B

Form 990 is submitted to the president and treasurer of the board, who have the authority to sign and date form 8879-eo after their review of form 990 in order to e-file the tax return. A copy of form 990 is then presented at the next board meeting to the entire board for their review and potential questions. All board members have timely received a copy of the quarterly and annual financial statements, which agree with and are reconciled to the form 990 tax filing.

Form 990, Page 6, Part VI, Line 15A

The board reviews the compensation package of the executive director on an annual basis, and has a performance review with this director. Also at this time, the past year's activities are reviewed and goals are set for the upcoming year.

Form 990, Page 6, Part VI, Line 19

All of the entity formation and governing documents, as well as the entity's financial statements and tax returns are available for review at the office of the organization (119 south main street, spencer, in 47460) during regular business hours (8am-4pm) each weekday other than holidays.

Filing and Contact Details

Filer

Filer Name
Spencer-owen County Economic
EIN
31-1183771
Phone
8128293245
Address
PO BOX 87, SPENCER, IN 47460-0087

Signing Officer

Name
Todd Gardner
Title
President
Phone
8128293245
Signed
2025-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Gardner
Formed
1986
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
8

Preparer

Firm
Hammer & Swigart Cpas Inc
Address
25 S VINE ST, GREENCASTLE, IN 46135-0412
Preparer
Sonya J Swigart CPA Ea
Phone
7656536941
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To stimulate business, continue to increase the value of the membership, and to create more opportunities for economic growth within the community.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowed funds to be used for

Raw XML AppendixShowing 400 of 462 raw XML fields

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/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0168015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0164651
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0175117
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt067133
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0294819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0231784
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0298077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0235572
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt023825
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01547
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1333
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWED FUNDS TO BE USED FOR
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BACK TO SCHOOL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO STIMULATE BUSINESS, CONTINUE TO INCREASE THE VALUE OF THE MEMBERSHIP, AND TO CREATE MORE OPPORTUNITIES FOR ECONOMIC GROWTH WITHIN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TODD GARDNER 5707 FLOWING WELL RD POLAND, IN 47868 CHRIS CONNER 201 NORTH MORGAN ST SPENCER, IN 47460 TODD DURNIL 5083 WEST UNION VALLEY RD BLOOMINGTON, IN 47404 BRAD KEISER 780 BROOKSIDE DR SPENCER, IN 47460 BRUCE HAMLIN 4375 PAR AVENUE SPENCER, IN 47460 NICOLE PLUNKETT 1600 W TEMPERANCE ELLETSVILLE, IN 47403 LIZ IRWIN 1100 W 2ND ST BLOOMINGTON, IN 47403 ANDY CLINE 205 E HILLSIDE AVE SPENCER, IN 47460 AARON LA GRANGE 151 EAST HILLSIDE AVE SPENCER, IN 47460 DANELL WITMER 501 N WALNUT BLOOMINGTON, IN 47404 BRANDI HAMILTON 3208 WHITE ROAD SPENCER, IN 47460
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS SUBMITTED TO THE PRESIDENT AND TREASURER OF THE BOARD, WHO HAVE THE AUTHORITY TO SIGN AND DATE FORM 8879-EO AFTER THEIR REVIEW OF FORM 990 IN ORDER TO E-FILE THE TAX RETURN. A COPY OF FORM 990 IS THEN PRESENTED AT THE NEXT BOARD MEETING TO THE ENTIRE BOARD FOR THEIR REVIEW AND POTENTIAL QUESTIONS. ALL BOARD MEMBERS HAVE TIMELY RECEIVED A COPY OF THE QUARTERLY AND ANNUAL FINANCIAL STATEMENTS, WHICH AGREE WITH AND ARE RECONCILED TO THE FORM 990 TAX FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE COMPENSATION PACKAGE OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS, AND HAS A PERFORMANCE REVIEW WITH THIS DIRECTOR. ALSO AT THIS TIME, THE PAST YEAR'S ACTIVITIES ARE REVIEWED AND GOALS ARE SET FOR THE UPCOMING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE ENTITY FORMATION AND GOVERNING DOCUMENTS, AS WELL AS THE ENTITY'S FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE FOR REVIEW AT THE OFFICE OF THE ORGANIZATION (119 SOUTH MAIN STREET, SPENCER, IN 47460) DURING REGULAR BUSINESS HOURS (8AM-4PM) EACH WEEKDAY OTHER THAN HOLIDAYS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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