Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Switzerland County Economic Development Corporation Inc
EIN 32-0082296 • 501(c)3 • Vevay, IN
Profile
The switzerland county economic development corporation was created to support the county's economic development strategy and to help position switzerland county for aggressive growth initiatives. The non-profit corporation serves as a facilitator, coordinating local entities and elected bodies to further improve switzerland county's business development capacity and quality of life.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.60x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
97th percentile
Higher top officer pay than 97% of similar nonprofits.
Top officer pay equals 48.6% of source-year revenue.
Asset Growth
27th percentile
Faster asset growth than 27% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Balance Sheet
Assets
Down$51,533
Down $22,213 (-30%) from 2021
Liabilities
Up$82,514
Up $12,429 (+18%) from 2021
Net Assets
Down-$30,981
Down $34,642 (-946%) from 2021
Revenue
Down$178,523
Down $12,737 (-6.7%) from 2021
Expenses
Up$211,821
Up $25,895 (+14%) from 2021
Net Income
Down-$33,298
Down $38,632 (-724%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $51,533
- Liabilities
- $82,514
- Net assets
- -$30,981
- Revenue
- $178,523
- Expenses
- $211,821
- Net income
- -$33,298
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 8, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $178,523
Mission and Program Overview
Mission
The switzerland county economic development corporation was created to support the county's economic development strategy and to help position switzerland county for aggressive growth initiatives. The non-profit corporation serves as a facilitator, coordinating local entities and elected bodies to further improve switzerland county's business development capacity and quality of life.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SWITZERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION (SCEDC) CARRIES OUT THE COUNTY'S ECONOMIC DEVELOPMENT ACTIVITES BY ATTRACTING NEW INDUSTRIES TO THE AREA AND BY ENCOURAGING THE DEVELOPMENT AND RETENTION OF INDUSTRIES IN THE COMMUNITY. SCEDC HAS IDENTIFIED SEVERAL PRIORITY GOALS THAT SERVE AS A REFERENCE POINT AND "ROAD MAP" FOR THE FUTURE OF SWITZERLAND COUNTY. SCEDC IS COMMITTED TO PROTECTING A CLEAN, SAFE, RURAL LIFESTYLE WHILE PROVIDING 21ST CENTURY INFRASTRUCTURE, PUBLIC, MEDICAL AND EDUCATION SERVICES. SCEDC HAS PUT TOGETHER AN AGGRESSIVE STRATEGY FOR MAKING SWITZERLAND COUNTY A HOME TO A TOP QUALITY WORKFORCE AND TO BUSINESSES THAT NOT ONLY OFFER HIGH SKILL JOB OPPORTUNITIES BUT ARE ALSO GREAT COMMUNITY CITIZENS. | $0 | $211,821 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JONATHAN BOND | President | FT | $75,772 | $10,998 | $86,770 |
| TOM CONROY | Vice Chair | - | $0 | - | - |
| BRUCE WILLIAMS | Secretary/Treasurer | - | $0 | - | - |
| RHONDA GRIFFIN | Chair | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Switzerland County Economic Development
- EIN
- 32-0082296
- Phone
- 8124279100
- Address
- PO BOX 192, VEVAY, IN 47043
Signing Officer
- Name
- Jonathan Bond
- Title
- President
- Phone
- 8124272533
- Signed
- 2023-11-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Blue & Co LLC
- Address
- 813 WEST SECOND STREET, SEYMOUR, IN 47274
- Preparer
- Kandy L Wischmeier CPA
- Phone
- 8125228416
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank fees. Amount: 100. Description: meetings and conferences. Amount: 1,441. Description: contractual services. Amount: 63,009. Description: learning center. Amount: 1,635. Description: depreciation. Amount: 3,386. Description: office expense. Amount: 1,919. Description: payroll taxes. Amount: 6,797. Description: advertising and promotion. Amount: 10,360. Description: information technology. Amount: 1,898. Description: travel. Amount: 9,092. Description: insurance. Amount: 3,849. Description: bad debt. Amount: 8,106. Description: repairs and maintenance. Amount: 1,472. Description: dues and subscriptions. Amount: 2,079. Total to form 990-ez, line 16: 115,143.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: net unrealized loss on investments. Amount: -1,344.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 24,607. End of year amount: 761. Description: board designated investments. Beg. Of year amount: 7,335. End of year amount: 5,991. Description: loan fund receivable. Beg. Of year amount: 0. End of year amount: 33,308.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 2,285. End of year amount: 14,614. Description: notes payable. Beg. Of year amount: 67,800. End of year amount: 67,900.”
Raw XML Appendix162 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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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY/TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | CHAIR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 31942 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 40060 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -1344 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 115143 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE SWITZERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION WAS CREATED TO SUPPORT THE COUNTY'S ECONOMIC DEVELOPMENT STRATEGY AND TO HELP POSITION SWITZERLAND COUNTY FOR AGGRESSIVE GROWTH INITIATIVES. THE NON-PROFIT CORPORATION SERVES AS A FACILITATOR, COORDINATING LOCAL ENTITIES AND ELECTED BODIES TO FURTHER IMPROVE SWITZERLAND COUNTY'S BUSINESS DEVELOPMENT CAPACITY AND QUALITY OF LIFE. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1196 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 178523 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SWITZERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION (SCEDC) CARRIES OUT THE COUNTY'S ECONOMIC DEVELOPMENT ACTIVITES BY ATTRACTING NEW INDUSTRIES TO THE AREA AND BY ENCOURAGING THE DEVELOPMENT AND RETENTION OF INDUSTRIES IN THE COMMUNITY. SCEDC HAS IDENTIFIED SEVERAL PRIORITY GOALS THAT SERVE AS A REFERENCE POINT AND "ROAD MAP" FOR THE FUTURE OF SWITZERLAND COUNTY. SCEDC IS COMMITTED TO PROTECTING A CLEAN, SAFE, RURAL LIFESTYLE WHILE PROVIDING 21ST CENTURY INFRASTRUCTURE, PUBLIC, MEDICAL AND EDUCATION SERVICES. SCEDC HAS PUT TOGETHER AN AGGRESSIVE STRATEGY FOR MAKING SWITZERLAND COUNTY A HOME TO A TOP QUALITY WORKFORCE AND TO BUSINESSES THAT NOT ONLY OFFER HIGH SKILL JOB OPPORTUNITIES BUT ARE ALSO GREAT COMMUNITY CITIZENS. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 211821 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 86770 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 82514 |
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| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 96555 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: BANK FEES. AMOUNT: 100. DESCRIPTION: MEETINGS AND CONFERENCES. AMOUNT: 1,441. DESCRIPTION: CONTRACTUAL SERVICES. AMOUNT: 63,009. DESCRIPTION: LEARNING CENTER. AMOUNT: 1,635. DESCRIPTION: DEPRECIATION. AMOUNT: 3,386. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 1,919. DESCRIPTION: PAYROLL TAXES. AMOUNT: 6,797. DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 10,360. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 1,898. DESCRIPTION: TRAVEL. AMOUNT: 9,092. DESCRIPTION: INSURANCE. AMOUNT: 3,849. DESCRIPTION: BAD DEBT. AMOUNT: 8,106. DESCRIPTION: REPAIRS AND MAINTENANCE. AMOUNT: 1,472. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 2,079. TOTAL TO FORM 990-EZ, LINE 16: 115,143. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: NET UNREALIZED LOSS ON INVESTMENTS. AMOUNT: -1,344. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 24,607. END OF YEAR AMOUNT: 761. DESCRIPTION: BOARD DESIGNATED INVESTMENTS. BEG. OF YEAR AMOUNT: 7,335. END OF YEAR AMOUNT: 5,991. DESCRIPTION: LOAN FUND RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 33,308. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 2,285. END OF YEAR AMOUNT: 14,614. DESCRIPTION: NOTES PAYABLE. BEG. OF YEAR AMOUNT: 67,800. END OF YEAR AMOUNT: 67,900. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JONATHAN BOND |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8124272533 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SWITZERLAND COUNTY ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SWIT |
| ReturnHeader/Filer/EIN | 0 | 320082296 |
| ReturnHeader/Filer/PhoneNum | 0 | 8124279100 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 192 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | VEVAY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 47043 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 351178661 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BLUE & CO LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 813 WEST SECOND STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SEYMOUR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 47274 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8125228416 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KANDY L WISCHMEIER CPA |
| ReturnHeader/ReturnTs | 0 | 2023-11-10T11:19:32-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JONATHAN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BOND |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
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