Civic Intelligence

Economic Development Coalition of Southwest Indiana Inc

990 • Fiscal year 2019 • EIN 32-0152630

Jan 01, 2019 to Dec 31, 2019 • Filed on May 26, 2020

318 Main Street No 400Evansville, IN 47708

(812) 423-2020

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.37x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.30x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

65th percentile

8.4%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-14%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$990,661

Up $184,637 (+23%) from 2018

Net Assets

Up

$622,423

Up $119,590 (+24%) from 2018

Liabilities

Up

$368,238

Up $65,047 (+21%) from 2018

Revenue

Down

$1,210,069

Down $192,656 (-14%) from 2018

Expenses

Down

$1,108,898

Down $163,003 (-13%) from 2018

Net Income

Down

$101,171

Down $29,653 (-23%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $638,061Liabilities 2014: $10,367Net Assets 2014: $627,6942014Assets 2015: $364,823Liabilities 2015: $7,913Net Assets 2015: $356,9102015Assets 2016: $369,367Liabilities 2016: $4,468Net Assets 2016: $364,8992016Assets 2017: $574,036Liabilities 2017: $202,027Net Assets 2017: $372,0092017Assets 2018: $806,024Liabilities 2018: $303,191Net Assets 2018: $502,8332018Assets 2019: $990,661Liabilities 2019: $368,238Net Assets 2019: $622,4232019Assets 2020: $1,723,462Liabilities 2020: $78,141Net Assets 2020: $1,645,3212020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$990,661
Liabilities$368,238
Net Assets$622,423

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,159,857Expenses 2014: $1,113,500Net Income 2014: $46,3572014Revenue 2015: $1,136,682Expenses 2015: $1,407,466Net Income 2015: -$270,7842015Revenue 2016: $1,549,411Expenses 2016: $1,541,422Net Income 2016: $7,9892016Revenue 2017: $1,630,973Expenses 2017: $1,623,863Net Income 2017: $7,1102017Revenue 2018: $1,402,725Expenses 2018: $1,271,901Net Income 2018: $130,8242018Revenue 2019: $1,210,069Expenses 2019: $1,108,898Net Income 2019: $101,1712019Revenue 2020: $1,909,566Expenses 2020: $918,526Net Income 2020: $991,0402020Revenue 2021: $499,136Expenses 2021: $251,635Net Income 2021: $247,5012021

Highlighted filing

2019

Revenue$1,210,069
Expenses$1,108,898
Net Income$101,171
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 26, 2020
Return Version
2019v5.1
Gross Receipts
$1,210,069
Mission and Program Overview

Mission

Economic development of the four southwest indiana counties: gibson, posey, vanderburgh and warrick.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$666,857$787,944▲ $121,087
Cap Stk Tr Prin Current Funds$500,504$500,504→ $0
Rtn Earn Endowment Incm Other Fnds$2,329$121,919▲ $119,590
Savings and Temporary Cash Investments$79,202$79,234▲ $32
Pledges and Grants Receivable-$59,891-
Land, Buildings, and Equipment, Net$59,965$50,592▼ $9,373
Accounts Receivable-$13,000-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$806,024$990,661▲ $184,637
Liabilities
Deferred Revenue$290,639$307,289▲ $16,650
Grants Payable-$54,472-
Other Liabilities$12,552$6,477▼ $6,075
Total Liabilities$303,191$368,238▲ $65,047
Net Assets / Fund Balance
Total Net Assets Fund Balance$502,833$622,423▲ $119,590
Total Liabilities and Net Assets / Fund Balance$806,024$990,661▲ $184,637

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,530$183,689$203,219
Leasehold Improvements$31,062$10,519$41,581
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg WathenCEO, PresidentFT$197,891$17,818$215,709

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,210,037
Program Service Revenue
$0
Investment Income
$32
Other Revenue
$0
All Other Contributions
$1,065,195
Change in Net Assets
$101,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$711,321
Other Expenses$397,577
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$388,585
Current Officers, Directors, Trustees, and Key Employees---$215,709
Occupancy---$68,363
Other Employee Benefits---$67,490
Fees for Services Legal---$44,867
Fees for Services Accounting---$40,843
Payroll Taxes---$39,537
Advertising---$30,378
Travel---$23,521
Office Expenses---$21,790
Conferences and Meetings---$19,115
Fees for Services Other---$15,713
Depreciation Depletion---$9,498
Insurance---$6,926
Other Expenses---$4,013
Information Technology---$3,363
All Other Expenses---$2,532
Interest---$665
Total Functional Expenses$0$0$0$1,108,898
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Liability$3,659
U.s. Bank Note$2,798
Payroll Tax Withholding$20
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jim ryan, chair, works for old national bank, where two other coalition directors are employed.

Form 990, Part VI, Section A, Line 3

Greg wathen, president and ceo responsible for the development, conduct, execution, and management of the policies, programs, and initiatives of the economic development coalition of southwest indiana (coalition) as directed by its board of directors in its mission of improving the long-term economic health and vitality of southwest indiana. In promoting southwest indiana's economic and community development, the president and ceo will strengthen and enhance relationships with key business and government leaders in the region and state, as well as on the national and international stage. President will take the lead for southwest indiana on major corporate retention and relocation initiatives; and, provide oversight and strategic direction for community development activities. Nancy deig, manager, economic development major responsibilities include generating and responding to project inquiries and site visits, organizing and conducting site tours for site selectors and corporate prospects tailored for specific project needs, and building and maintaining project database for tracking purposes. In addition, responsibilities include conducting extensive research relevant to project needs, maintaining and updating the regional site and building databases for the edc and state websites. Marketing responsibilities include, but are not limited to, organizing and participating in regional and state sales trips to site location consulting firms, attending conferences and trade shows relevant to regional needs, and preparing marketing materials for and representing the coalition at the semi-annual industrial asset management council forums. Local responsibilities include building and maintaining relationships with the local real estate community, responding to ledo requests and assisting where needed, and any other opportunities that might arise.

Form 990, Part VI, Section A, Line 7A

The board of directors can nominate several directors in each county.

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

The 990 is reviewed by the ceo. It is kept on file at the main office if needed.

Form 990, Part VI, Section B, Line 15

The organization's president/ceo's compensation is managed by the personnel committee that makes recommendations, with no recommendations from the president, and then it is approved by the executive committee. We have a personnel committee that reviews recommendations made by the president/ceo for staff other than the president as it pertains to compensation. The committee consists of two board and executive committee members as well as outside legal counsel who has a focus on labor law.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Economic Development Coalition
EIN
32-0152630
Phone
8124232020
Address
318 MAIN STREET NO 400, EVANSVILLE, IN 47708

Signing Officer

Name
J Gregory Wathen
Title
CEO
Phone
8124232020
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Gregory Wathen
Formed
2005
Legal Domicile
In
Voting Board Members
70
Independent Board Members
70
Employees
10
Volunteers
0

Preparer

Firm
Harding Shymanski & Co Psc
Address
PO BOX 3677, EVANSVILLE, IN 47735
Preparer
Matthew E Folz
Phone
8124649161
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ACCRUAL TO CASH 18,419.

Raw XML AppendixShowing 400 of 840 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/Desc0THE ECONOMIC DEVELOPMENT COALITION OF SOUTHWEST INDIANA, WHICH IS THE UMBRELLA ECONOMIC DEVELOPMENT ORGANIZATION FOR GIBSON, POSEY, VANDERBURGH, AND WARRICK COUNTIES IN SOUTHWEST INDIANA. THE COALITION FACILITATES AND COORDINATES BUSINESS RETENTION, EXPANSION AND ATTRACTION ACTIVITIES; AND SUPPORTS EFFORTS TO ENHANCE THE BUSINESS CLIMATE THROUGH REGIONAL CAPACITY BUILDING.THE PRIMARY COMMUNITY DEVELOPMENT FUNCTION FOR THE COALITION IS TO BUILD REGIONAL CAPACITY FOR THE FOUR INDIANA COUNTIES OF THE EVANSVILLE, IN-HENDERSON, KY METROPOLITAN AREA. IN PARTICULAR, THE COALITION WILL SERVE AS THE REGIONAL PLANNING ORGANIZATION FOR THE FOUR-COUNTY REGION (GIBSON, POSEY, VANDERBURGH AND WARRICK COUNTIES) FOCUSING ONE HUNDRED PERCENT OF ITS TIME DURING A CALENDAR YEAR ON MANAGING INFRASTRUCTURE AND CAPACITY-BUILDING PROJECTS INCLUDING BUT NOT LIMITED TO SEWER, WATER, BROADBAND, COMMUNITY CENTER, LOW TO MODERATE INCOME HOUSING, ETC., AND BE THE PRIMARY INTERFACE FOR THE REGION WITH THE INDIANA OFFICE FOR COMMUNITY AND RURAL AFFAIRS ALONG WITH THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt420
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt460
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt470
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt510
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt610
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt630
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt660
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt670
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt680
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt690
IRS990/Form990PartVIISectionAGrp/PersonNm0GREG WATHEN
IRS990/Form990PartVIISectionAGrp/PersonNm1JIM RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm2BETH MCFADIN HIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS RUTLEDGE
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID OLDHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID RECTOR
IRS990/Form990PartVIISectionAGrp/PersonNm6DEREK MCGRAW
IRS990/Form990PartVIISectionAGrp/PersonNm7DR JAMES PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm8HOWARD NEVINS
IRS990/Form990PartVIISectionAGrp/PersonNm9J STEVEN MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm10JAKE TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm11JANE WILHELMUS
IRS990/Form990PartVIISectionAGrp/PersonNm12JAY HARGIS
IRS990/Form990PartVIISectionAGrp/PersonNm13JD WILDT
IRS990/Form990PartVIISectionAGrp/PersonNm14JEFF MULZER
IRS990/Form990PartVIISectionAGrp/PersonNm15JOE CASTRALE
IRS990/Form990PartVIISectionAGrp/PersonNm16JOE KIEFER
IRS990/Form990PartVIISectionAGrp/PersonNm17JONATHAN WEINZAPFEL
IRS990/Form990PartVIISectionAGrp/PersonNm18KATHY BRISCOE
IRS990/Form990PartVIISectionAGrp/PersonNm19KELVIN CANADAY
IRS990/Form990PartVIISectionAGrp/PersonNm20KENNY REINBRECHT
IRS990/Form990PartVIISectionAGrp/PersonNm21KIM SEIBERT
IRS990/Form990PartVIISectionAGrp/PersonNm22MATTHEW WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm23MAYOR BILL CURTIS
IRS990/Form990PartVIISectionAGrp/PersonNm24MAYOR BRAD SCHMITT
IRS990/Form990PartVIISectionAGrp/PersonNm25MAYOR CHARLIE WYATT
IRS990/Form990PartVIISectionAGrp/PersonNm26MAYOR LLOYD WINNECKE
IRS990/Form990PartVIISectionAGrp/PersonNm27MICHELLE HUDSON
IRS990/Form990PartVIISectionAGrp/PersonNm28MIKE SCHOPMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm29MIKE STILWELL
IRS990/Form990PartVIISectionAGrp/PersonNm30MISTY MCCAMMACK
IRS990/Form990PartVIISectionAGrp/PersonNm31NORM MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm32PAUL MCGOWAN
IRS990/Form990PartVIISectionAGrp/PersonNm33PETE PARADOSSI
IRS990/Form990PartVIISectionAGrp/PersonNm34PHIL WILZBACHER
IRS990/Form990PartVIISectionAGrp/PersonNm35RANDY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm36REV RABON TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm37SANDRA YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm38SARAH BETH MEIGHEN
IRS990/Form990PartVIISectionAGrp/PersonNm39SCOTT THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm40STEPHEN BOTTOMS
IRS990/Form990PartVIISectionAGrp/PersonNm41TIM MASON
IRS990/Form990PartVIISectionAGrp/PersonNm42MARCO DELUCIO
IRS990/Form990PartVIISectionAGrp/PersonNm43CARL SCHMITZ
IRS990/Form990PartVIISectionAGrp/PersonNm44DAN SAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm45KARI FLUEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm46KEVIN KOCH
IRS990/Form990PartVIISectionAGrp/PersonNm47RONDA HALE
IRS990/Form990PartVIISectionAGrp/PersonNm48BILL GILLENWATER
IRS990/Form990PartVIISectionAGrp/PersonNm49CHERYL MUSGRAVE
IRS990/Form990PartVIISectionAGrp/PersonNm50DR THOMAS KAZEE
IRS990/Form990PartVIISectionAGrp/PersonNm51JEFF HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm52CLAY EWING
IRS990/Form990PartVIISectionAGrp/PersonNm53DR RAY BARBER
IRS990/Form990PartVIISectionAGrp/PersonNm54EVAN BECK
IRS990/Form990PartVIISectionAGrp/PersonNm55REV ADRIAN BROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm56RICK SCHACH
IRS990/Form990PartVIISectionAGrp/PersonNm57ANN HYNEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm58PAUL WATERS
IRS990/Form990PartVIISectionAGrp/PersonNm59ELLEN HORAN
IRS990/Form990PartVIISectionAGrp/PersonNm60LARRY TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm61TIM HOLLANDER
IRS990/Form990PartVIISectionAGrp/PersonNm62STEVE BENNETT
IRS990/Form990PartVIISectionAGrp/PersonNm63DAN PAROD
IRS990/Form990PartVIISectionAGrp/PersonNm64CHRISTOPHER PIETRUSZKIEWICZ
IRS990/Form990PartVIISectionAGrp/PersonNm65RONALD ROCHON
IRS990/Form990PartVIISectionAGrp/PersonNm66AARON WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm67LYANNE WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm68CHRIS WISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm69AMY WORD-SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0197891
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440

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