Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Switzerland County Economic Development Corporation
990EZ • Fiscal year 2021 • EIN 32-0082296
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.95x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
97th percentile
Higher top officer pay than 97% of similar nonprofits.
Top officer pay equals 44.6% of source-year revenue.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
20th percentile
Faster revenue growth than 20% of similar nonprofits.
Balance Sheet
Assets
Down$73,746
Down $60,298 (-45%) from 2020
Net Assets
Down$3,661
Down $61,708 (-94%) from 2020
Liabilities
Up$70,085
Up $1,410 (+2.1%) from 2020
Revenue And Expenses
Revenue
Down$191,260
Down $135,062 (-41%) from 2020
Expenses
Down$185,926
Down $113,247 (-38%) from 2020
Net Income
Down$5,334
Down $21,815 (-80%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 3, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $191,260
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 | $185,926 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JONATHAN BOND | President | FT | $75,327 | $9,964 | $85,291 |
| 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
- 2022-11-03
- 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: payroll taxes. Amount: 6,224. Description: contractual services. Amount: 30,926. Description: advertising and promotion. Amount: 13,695. Description: travel. Amount: 6,848. Description: depreciation. Amount: 3,293. Description: repairs and maintenance. Amount: 6,164. Description: office expense. Amount: 7,407. Description: dues and subscriptions. Amount: 3,121. Description: information technology. Amount: 4,559. Description: conferences and meetings. Amount: 3,672. Description: insurance. Amount: 4,353. Description: learning center. Amount: 2,085. Total to form 990-ez, line 16: 92,347.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: net unrealized gain on investments. Amount: 758. Description: prior period adjustment. Amount: -67,800. Total to form 990-ez, line 20: -67,042.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 28,332. End of year amount: 24,607. Description: board designated investments. Beg. Of year amount: 5,929. End of year amount: 7,335.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 875. End of year amount: 2,285. Description: notes payable. Beg. Of year amount: 67,800. End of year amount: 67,800.”
Raw XML Appendix169 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8124279100 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 192 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | VEVAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 47043 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 99493 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 41707 |
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| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 8288 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 73746 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TOM CONROY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BRUCE WILLIAMS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RHONDA GRIFFIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JONATHAN BOND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VICE CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY/TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 34261 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 31942 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -67042 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 92347 |
| 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/ProgramServiceRevenueAmt | 0 | 176747 |
| 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 185926 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 85291 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 68675 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 70085 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 185926 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 185926 |
| IRS990EZ/TotalRevenueAmt | 0 | 191260 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | SWITZERLANDUSA.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 14513 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 54309 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 27333 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 400 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 40626 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 137181 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5575 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 20454 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 26029 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 962216 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.84050 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.89990 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 137181 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 14513 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 54309 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 27333 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 400 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 40626 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 137181 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 163210 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: PAYROLL TAXES. AMOUNT: 6,224. DESCRIPTION: CONTRACTUAL SERVICES. AMOUNT: 30,926. DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 13,695. DESCRIPTION: TRAVEL. AMOUNT: 6,848. DESCRIPTION: DEPRECIATION. AMOUNT: 3,293. DESCRIPTION: REPAIRS AND MAINTENANCE. AMOUNT: 6,164. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 7,407. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 3,121. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 4,559. DESCRIPTION: CONFERENCES AND MEETINGS. AMOUNT: 3,672. DESCRIPTION: INSURANCE. AMOUNT: 4,353. DESCRIPTION: LEARNING CENTER. AMOUNT: 2,085. TOTAL TO FORM 990-EZ, LINE 16: 92,347. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: NET UNREALIZED GAIN ON INVESTMENTS. AMOUNT: 758. DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -67,800. TOTAL TO FORM 990-EZ, LINE 20: -67,042. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 28,332. END OF YEAR AMOUNT: 24,607. DESCRIPTION: BOARD DESIGNATED INVESTMENTS. BEG. OF YEAR AMOUNT: 5,929. END OF YEAR AMOUNT: 7,335. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 875. END OF YEAR AMOUNT: 2,285. DESCRIPTION: NOTES PAYABLE. BEG. OF YEAR AMOUNT: 67,800. END OF YEAR AMOUNT: 67,800. |
| 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 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| 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 | 2022-11-03 |
| 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/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 | 2022-11-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KANDY L WISCHMEIER CPA |
| ReturnHeader/ReturnTs | 0 | 2022-11-08T08:10:19-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JONATHAN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BOND |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $73,746
- Liabilities
- $70,085
- Net assets
- $3,661
- Revenue
- $191,260
- Expenses
- $185,926
- Net income
- $5,334