Civic Intelligence

Grant County Economic Growth Council Inc.

990 • Fiscal year 2016 • EIN 35-1589550

Jan 01, 2016 to Dec 31, 2016 • Filed on May 16, 2017

301 S Adams StreetMarion, IN 46952

(765) 662-0650

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

10.30x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

31st percentile

-1.4%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

21st percentile

$97,630

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

39th percentile

-0.2%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-1.0%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$12,055,887

Down $22,518 (-0.2%) from 2015

Net Assets

Down

$410,974

Down $13,024 (-3.1%) from 2015

Liabilities

Down

$11,644,913

Down $9,494 (-0.1%) from 2015

Revenue

Down

$1,130,943

Down $11,701 (-1.0%) from 2015

Expenses

Down

$1,147,056

Down $31,079 (-2.6%) from 2015

Net Income

Up

-$16,113

Up $19,378 (+55%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $876,000Liabilities 2011: $332,472Net Assets 2011: $543,5282011Assets 2012: $620,870Liabilities 2012: $10,725Net Assets 2012: $610,1452012Assets 2015: $12,078,405Liabilities 2015: $11,654,407Net Assets 2015: $423,9982015Assets 2016: $12,055,887Liabilities 2016: $11,644,913Net Assets 2016: $410,9742016Assets 2017: $11,835,011Liabilities 2017: $11,378,813Net Assets 2017: $456,1982017Assets 2018: $11,523,425Liabilities 2018: $11,058,010Net Assets 2018: $465,4152018Assets 2020: $10,974,716Liabilities 2020: $10,396,516Net Assets 2020: $578,2002020Assets 2021: $10,672,470Liabilities 2021: $10,035,749Net Assets 2021: $636,7212021Assets 2022: $10,211,072Liabilities 2022: $9,660,379Net Assets 2022: $550,6932022Assets 2024: $9,863,877Liabilities 2024: $8,850,000Net Assets 2024: $1,013,8772024

Highlighted filing

2016

Assets$12,055,887
Liabilities$11,644,913
Net Assets$410,974

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $463,7752011Expenses 2012: $474,2222012Revenue 2015: $1,142,644Expenses 2015: $1,178,135Net Income 2015: -$35,4912015Revenue 2016: $1,130,943Expenses 2016: $1,147,056Net Income 2016: -$16,1132016Revenue 2017: $1,118,550Expenses 2017: $1,070,480Net Income 2017: $48,0702017Revenue 2018: $1,115,925Expenses 2018: $1,099,669Net Income 2018: $16,2562018Revenue 2020: $1,084,258Expenses 2020: $950,155Net Income 2020: $134,1032020Revenue 2021: $949,837Expenses 2021: $956,322Net Income 2021: -$6,4852021Revenue 2022: $808,045Expenses 2022: $882,349Net Income 2022: -$74,3042022Revenue 2024: $1,227,769Expenses 2024: $859,496Net Income 2024: $368,2732024

Highlighted filing

2016

Revenue$1,130,943
Expenses$1,147,056
Net Income-$16,113
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 16, 2017
Return Version
2016v3.0
Gross Receipts
$1,130,956
Mission and Program Overview

Mission

The mission of grant county economic growth council is to facilitate investment and reinvestment for job retention and creation.

The grant county economic growth council improves the economic wealth of the community by attracting new businesses, by providing assistance for existing businesses to grow, by advancing entreprenuership and by actively engaging community leadership and enhancing communication.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$293,645$202,279▼ $91,366
Land, Buildings, and Equipment, Net$8,371$100,027▲ $91,656
Other Notes and Loans Receivable, Net$34,550$47,522▲ $12,972
Accounts Receivable$23,839$6,341▼ $17,498
Prepaid Expenses and Deferred Charges$6,420$1,695▼ $4,725
Total Assets$12,078,405$12,055,887▼ $22,518
Other Assets Total$11,711,580$11,698,023▼ $13,557
Liabilities
Unsecured Notes Loans Payable$11,630,000$11,630,000→ $0
Accounts Payable and Accrued Expenses$24,407$14,913▼ $9,494
Total Liabilities$11,654,407$11,644,913▼ $9,494
Net Assets / Fund Balance
Unrestricted Net Assets$168,293$201,087▲ $32,794
Permanently Rstr Net Assets$216,119$183,013▼ $33,106
Temporarily Rstr Net Assets$39,586$26,874▼ $12,712
Total Net Assets Fund Balance$423,998$410,974▼ $13,024
Total Liabilities and Net Assets / Fund Balance$12,078,405$12,055,887▼ $22,518

Asset Categories

AssetBook ValueDepreciationBasis
Land$95,499-$95,499
Equipment$4,528$31,616$36,144
Other Assets Org$550--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$81,030-▲ $6,228$19,269$67,473
2015$94,061-▼ $3,839$6,500$81,030
2014$97,235-▲ $5,735$6,248$94,061
2013$84,367-▲ $21,098$5,875$97,235
2012$76,195$25▲ $13,397$5,250$84,367
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy EckerleExecutive DiFT$94,860$2,770$97,630

Board Members and Trustees

NameTitle
Tim StreetPresident
Bill GartlandPresident El
Aaron CaudellDirector
Adrienne RinesDirector
Alex HuskeyDirector
Ann VermilionDirector
Brett CareyDirector
Caitlin FinchDirector
Dave AbernathyDirector
Dave HomerDirector
Dave LoerDirector
Jeffry AupperleDirector
Jim McwhirtDirector
Keith NewmanDirector
Kelly TurnerDirector
Kyle HawkinsDirector
Mark BardsleyDirector
Mayor Jess AlumbaughDirector
Mayor Larry LeachDirector
Michelle BunkerDirector
Randy SneedDirector
Scott MurphyDirector
Shane NeversDirector
Terry CheneyDirector
Tom GallagherDirector
Whtiney Bowers PyleDirector
Karen TurnerPast Preside
Josh MatchetteTreasurer
Tade PowellVP Marketing
Anne DuncanVP Resource
Scott AdamsVP Strategy
Revenue and Support

Revenue Composition

Contributions and Grants
$464,203
Program Service Revenue
$24,278
Investment Income
$639,491
Other Revenue
$2,971
All Other Contributions
$96,881
Change in Net Assets
$-16,113

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,130,943
Revenue Not Reported on Form 990
$4,462
Total Revenue per Audited Statements
$1,135,405
Total Revenue per Form 990
$1,130,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$843,816
Salaries, Compensation, and Employee Benefits$194,325
Grants and Similar Amounts Paid$108,915
Total Fundraising Expense$18,324
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$634,998--$634,998
Grants to Domestic Individuals$108,915--$108,915
Current Officers, Directors, Trustees, and Key Employees$68,341$19,526$9,763$97,630
Other Salaries and Wages$65,203$9,005$4,027$78,235
Advertising$37,925$404$195$38,524
Travel$34,278--$34,278
Information Technology$17,297--$17,297
Conferences and Meetings$15,628--$15,628
Payroll Taxes$11,453$2,435$1,176$15,064
Occupancy$11,405$2,424$1,171$15,000
Office Expenses$8,840$1,879$907$11,626
Fees for Services Accounting-$10,921-$10,921
Fees for Services Legal-$7,844-$7,844
Insurance$3,213$997$481$4,691
Depreciation Depletion$2,922$621$300$3,843
Other Employee Benefits$2,749$443$204$3,396
Other Expenses$110$206$100$110
Total Functional Expenses$1,072,027$56,705$18,324$1,147,056

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,147,056
Total Expenses per Audited Statements$1,147,056
Total Expenses per Form 990$1,147,056
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 11B

The 990 will be approved by the executive committee before filing.

Form 990, Page 6, Part VI, Line 12C

Whenever a director, officer or employee has a financial or personal interest in any matter coming before the board of directors, the affected person shall a)fully disclose the nature of the interest, b)withdrawal from discussion, lobbying, and voting on the matter, and c) not be counted in determining the existance of a quorum at the meeting at which such transactions may be authorized. Any transaction or vote involving a potential conflict of interest shall be approved only when a majority of unbiased directors determine that it is in the best interest of the corporation to do so. The minutes of meetings at which such votes are taken shall record such disclosure, abstention and rational for approval.

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

The executive committee reviews and approves the executive director's compensation.

Form 990, Page 6, Part VI, Line 18

Irs form 990 for the last three years is posted on guidestar.org.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request during regular business hours.

Filing and Contact Details

Filer

Filer Name
Grant County Economic Growth
EIN
35-1589550
Phone
7656620650
Address
301 S ADAMS STREET, MARION, IN 46952

Signing Officer

Name
Timothy Eckerle
Title
Executive Director
Phone
7656620650
Signed
2017-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Eckerle
Formed
1984
Legal Domicile
In
Voting Board Members
30
Independent Board Members
30
Employees
5
Volunteers
5,060

Preparer

Firm
Dulin Ward & Dewald Inc
Address
9921 DUPONT CIRCLE DR W 300, FORT WAYNE, IN 46825-1610
Preparer
Susan a Berghoff CPA
Phone
2604232414
Supplemental Narrative

Additional Explanations

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

Realtors, and landlords together to reduce the cost of living for graduates working in the community. Grant for grads is an initiative of the grant county economic growth council that is administered by affordable housing & community development corporation. Together, these organizations are working to make grant county a better place to "live, work, play, and stay", as the program motto describes. The project provides employers with skilled workers, landlords with responsible and gainfully employed tenants, and realtors with a larger client base. Having an abundance of educated workers in the area also provides incentives to businesses looking to relocate or start up in grant county. During 2016 the growth council assisted 39 household individuals with the purchase of a home or rental assistance. These 39 households represented 1,549,000 of new household income to grant county and brought 14 new school age children to the community. The growth council has a revolving loan fund for local businesses in grant county to assist with acquisition and development of land; construction, repairs or modernization of buildings and equipment; and/or startup operating costs and working capital. The revolving loan fund, working with grant county state bank, enabled the bridge, coffee shop, in upland to purchase their building thus insuring their continued growth. In 2014 the growth council launched grant's got talent a collaboration with ivy tech community college of indiana and workone northeast, indiana's workforce development group. The goal of grant's got talent is an initiative derived from a group of regional manufacturers and community leaders to address the skills gap manufacturers are encounter in potential employees in east-central indiana. The goal is to increase the employability of our residents and provide the industry with an employment pool of candidates that will help to increase their profitability and decrease turnover. In 2015 the growth council successfully secured a 250,000 grant from the indiana office of community and rural affairs allowing the program to expand its offering to include higher skilled industrial technology positions. In 2016 the program began training 12 participants in industrial maintenance. Young entrepreneurs program celebrated its sixth year in 2016. The young entrepreneurs program is a ten week program for 30 high schools students developed and operated by the growth council. The program provides the students with exposure to local business leaders as they learn what it takes to create a successful business plan. The program culminates in a competition with the winning team members receiving college scholarships.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Support activities of the council. During 2016 the grant community foundation corrected an error in how the funds held were catagorized resulting in an adjustment to the account. The adjustment reduced the funds recorded on the books of growth council by 19,269.

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IRS990/Desc0THE GRANT COUNTY ECONOMIC GROWTH COUNCIL'S SOLE MISSION "IS TO FACILITATE INVESTMENT AND REINVESTMENT FOR JOB RETENTION OR CREATION". IN CARRYING OUT THE MISSION THE ORGANIZATION FOCUSES ON ATTRACTING NEW BUSINESS TO THE COMMUNITY, HELPING EXISTING FIRMS TO GROW AND TO ASSIST IN LAUNCHING NEW FIRMS. IN 2016, 34 EXISTING FIRMS WERE AIDED BY THE ORGANIZATION RANGING FROM 3 EMPLOYEES TO 1400 EMPLOYEES. THE GROWTH COUNCIL OWNS 16 ACRES FOR FUTURE DEVELOPMENT. THE GRANT FOR GRADS PROJECT (THE PROJECT) PROVIDES FINANCIAL ASSISTANCE TO GRADUATES OF UNIVERSITIES, COLLEGES, OR TECHNICAL SCHOOLS WHO AGREE TO LIVE AND WORK IN GRANT COUNTY. THE PROJECT BRINGS LOCAL BUSINESS OWNERS, REALTORS, AND LANDLORDS TOGETHER TO REDUCE THE COST OF LIVING FOR GRADUATES WORKING IN THE COMMUNITY. GRANT FOR GRADS IS AN INITIATIVE OF THE GRANT COUNTY ECONOMIC GROWTH COUNCIL THAT IS ADMINISTERED BY AFFORDABLE HOUSING & COMMUNITY DEVELOPMENT CORPORATION. TOGETHER, THESE ORGANIZATIONS ARE WORKING TO MAKE GRANT COUNTY A BETTER PLACE TO "LIVE, WORK, PLAY, AND STAY", AS THE PROGRAM MOTTO DESCRIBES. THE PROJECT PROVIDES EMPLOYERS WITH SKILLED WORKERS, LANDLORDS WITH RESPONSIBLE AND GAINFULLY EMPLOYED TENANTS, AND REALTORS WITH A LARGER CLIENT BASE. HAVING AN ABUNDANCE OF EDUCATED WORKERS IN THE AREA ALSO PROVIDES INCENTIVES TO BUSINESSES LOOKING TO RELOCATE OR START UP IN GRANT COUNTY. DURING 2016 THE GROWTH COUNCIL ASSISTED 39 HOUSEHOLD INDIVIDUALS WITH THE PURCHASE OF A HOME OR RENTAL ASSISTANCE. THESE 39 HOUSEHOLDS REPRESENTED 1,549,000 OF NEW HOUSEHOLD INCOME TO GRANT COUNTY AND BROUGHT 14 NEW SCHOOL AGE CHILDREN TO THE COMMUNITY. THE GROWTH COUNCIL HAS A REVOLVING LOAN FUND FOR LOCAL BUSINESSES IN GRANT COUNTY TO ASSIST WITH ACQUISITION AND DEVELOPMENT OF LAND; CONSTRUCTION, REPAIRS OR MODERNIZATION OF BUILDINGS AND EQUIPMENT; AND/OR STARTUP OPERATING COSTS AND WORKING CAPITAL. THE REVOLVING LOAN FUND, WORKING WITH GRANT COUNTY STATE BANK, ENABLED THE BRIDGE, COFFEE SHOP, IN UPLAND TO PURCHASE THEIR BUILDING THUS INSURING THEIR CONTINUED GROWTH. IN 2014 THE GROWTH COUNCIL LAUNCHED GRANT'S GOT TALENT A COLLABORATION WITH IVY TECH COMMUNITY COLLEGE OF INDIANA AND WORKONE NORTHEAST, INDIANA'S WORKFORCE DEVELOPMENT GROUP. THE GOAL OF GRANT'S GOT TALENT IS AN INITIATIVE DERIVED FROM A GROUP OF REGIONAL MANUFACTURERS AND COMMUNITY LEADERS TO ADDRESS THE SKILLS GAP MANUFACTURERS ARE ENCOUNTER IN POTENTIAL EMPLOYEES IN EAST-CENTRAL INDIANA. THE GOAL IS TO INCREASE THE EMPLOYABILITY OF OUR RESIDENTS AND PROVIDE THE INDUSTRY WITH AN EMPLOYMENT POOL OF CANDIDATES THAT WILL HELP TO INCREASE THEIR PROFITABILITY AND DECREASE TURNOVER. IN 2015 THE GROWTH COUNCIL SUCCESSFULLY SECURED A 250,000 GRANT FROM THE INDIANA OFFICE OF COMMUNITY AND RURAL AFFAIRS ALLOWING THE PROGRAM TO EXPAND ITS OFFERING TO INCLUDE HIGHER SKILLED INDUSTRIAL TECHNOLOGY POSITIONS. IN 2016 THE PROGRAM BEGAN TRAINING 12 PARTICIPANTS IN INDUSTRIAL MAINTENANCE. YOUNG ENTREPRENEURS PROGRAM CELEBRATED ITS SIXTH YEAR IN 2016. THE YOUNG ENTREPRENEURS PROGRAM IS A TEN WEEK PROGRAM FOR 30 HIGH SCHOOLS STUDENTS DEVELOPED AND OPERATED BY THE GROWTH COUNCIL. THE PROGRAM PROVIDES THE STUDENTS WITH EXPOSURE TO LOCAL BUSINESS LEADERS AS THEY LEARN WHAT IT TAKES TO CREATE A SUCCESSFUL BUSINESS PLAN. THE PROGRAM CULMINATES IN A COMPETITION WITH THE WINNING TEAM MEMBERS RECEIVING COLLEGE SCHOLARSHIPS.
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IRS990/Form990PartVIISectionAGrp/PersonNm4WHTINEY BOWERS PYLE
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IRS990/Form990PartVIISectionAGrp/PersonNm7AARON CAUDELL
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IRS990/Form990PartVIISectionAGrp/PersonNm9CAITLIN FINCH
IRS990/Form990PartVIISectionAGrp/PersonNm10ADRIENNE RINES
IRS990/Form990PartVIISectionAGrp/PersonNm11BILL GARTLAND
IRS990/Form990PartVIISectionAGrp/PersonNm12MAYOR LARRY LEACH
IRS990/Form990PartVIISectionAGrp/PersonNm13TOM GALLAGHER
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IRS990/Form990PartVIISectionAGrp/PersonNm23BRETT CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm24TIM STREET
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VP STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP RESOURCE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT EL
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31EXECUTIVE DI
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IRS990/FormationYr01984
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt030
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IRS990/MissionDesc0THE MISSION OF GRANT COUNTY ECONOMIC GROWTH COUNCIL IS TO FACILITATE INVESTMENT AND REINVESTMENT FOR JOB RETENTION AND CREATION.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt03396
IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0206
IRS990/OtherExpensesGrp/ProgramServicesAmt032588
IRS990/OtherExpensesGrp/ProgramServicesAmt115192

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