Civic Intelligence

Council for Economic Development of Hancock County

990 • Fiscal year 2014 • EIN 35-1654127

Jan 01, 2014 to Dec 31, 2014 • Filed on May 12, 2015

One Courthouse PlazaGreenfield, IN 46140

(317) 477-7241

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

40th percentile

0.9%

Higher net margin than 40% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

65th percentile

$94,545

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

41st percentile

1.1%

Faster asset growth than 41% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

92nd percentile

35%

Faster revenue growth than 92% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$130,096

Up $2,646 (+2.1%) from 2012

Net Assets

Up

$129,802

Up $5,672 (+4.6%) from 2012

Liabilities

Down

$294

Down $3,026 (-91%) from 2012

Revenue

Up

$500,107

Up $316,920 (+173%) from 2012

Expenses

Up

$495,563

Up $329,959 (+199%) from 2012

Net Income

Down

$4,544

Down $13,039 (-74%) from 2012

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $109,881Liabilities 2011: $3,337Net Assets 2011: $106,5442011Assets 2012: $127,450Liabilities 2012: $3,320Net Assets 2012: $124,1302012Assets 2014: $130,096Liabilities 2014: $294Net Assets 2014: $129,8022014Assets 2015: $168,143Liabilities 2015: $4,607Net Assets 2015: $163,5362015Assets 2016: $223,562Liabilities 2016: $9,264Net Assets 2016: $214,2982016Assets 2017: $241,175Liabilities 2017: $9,248Net Assets 2017: $231,9272017Assets 2018: $204,644Liabilities 2018: $2,828Net Assets 2018: $201,8162018Assets 2019: $225,976Liabilities 2019: $1,716Net Assets 2019: $224,2602019Assets 2020: $734,848Liabilities 2020: $502,879Net Assets 2020: $231,9692020Assets 2021: $250,377Liabilities 2021: $3,013Net Assets 2021: $247,3642021Assets 2022: $197,838Liabilities 2022: $3,012Net Assets 2022: $194,8262022Assets 2024: $388,571Liabilities 2024: $1,024Net Assets 2024: $387,5472024

Highlighted filing

2014

Assets$130,096
Liabilities$294
Net Assets$129,802

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $196,896Expenses 2011: $180,913Net Income 2011: $15,9832011Revenue 2012: $183,187Expenses 2012: $165,604Net Income 2012: $17,5832012Revenue 2014: $500,107Expenses 2014: $495,563Net Income 2014: $4,5442014Revenue 2015: $226,877Expenses 2015: $193,143Net Income 2015: $33,7342015Revenue 2016: $252,968Expenses 2016: $202,206Net Income 2016: $50,7622016Revenue 2017: $230,402Expenses 2017: $212,773Net Income 2017: $17,6292017Revenue 2018: $247,304Expenses 2018: $277,415Net Income 2018: -$30,1112018Revenue 2019: $258,190Expenses 2019: $235,746Net Income 2019: $22,4442019Revenue 2020: $276,022Expenses 2020: $268,314Net Income 2020: $7,7082020Revenue 2021: $804,306Expenses 2021: $788,911Net Income 2021: $15,3952021Revenue 2022: $282,440Expenses 2022: $334,978Net Income 2022: -$52,5382022Revenue 2024: $639,100Expenses 2024: $501,691Net Income 2024: $137,4092024

Highlighted filing

2014

Revenue$500,107
Expenses$495,563
Net Income$4,544
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 12, 2015
Return Version
2014v5.0
Gross Receipts
$500,107
Mission and Program Overview

Mission

To promote economic development in hancock county by providing site assistance, cost of doing business analysis, and economic impact modeling to site location consultants, the corporate real estate community, and individual businesses. We serve as a liaison between local government and the business community. Our mission is to enhance the quality of life in hancock county through the attraction and retention of quality jobs and promotion of a diversified tax base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$116,416$115,524▼ $892
Cash and Non-Interest-Bearing Accounts$10,852$13,076▲ $2,224
Land, Buildings, and Equipment, Net$1,468$1,496▲ $28
Total Assets$128,736$130,096▲ $1,360
Liabilities
Other Liabilities$3,478$294▼ $3,184
Total Liabilities$3,478$294▼ $3,184
Net Assets / Fund Balance
Unrestricted Net Assets$125,258$129,802▲ $4,544
Total Net Assets Fund Balance$125,258$129,802▲ $4,544
Total Liabilities and Net Assets / Fund Balance$128,736$130,096▲ $1,360

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,496$7,161$8,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nolan KukerExecutive DiFT$85,745$8,800$94,545

Board Members and Trustees

NameTitle
John KennedyPresident
Andrew KlingerDirector
Bill RiggsDirector
Bobby KeenDirector
Buck RitzDirector
Cathy WenningDirector
David HillDirector
David SherryDirector
Doug RothDirector
Harold OlinDirector
Janette YoungDirector
Joe RennerDirector
Judy SwiftDirector
Karen DenoDirector
Larry JonasDirector
Larry SieglerDirector
Michael BurrowDirector
Randy HarrisDirector
Tanya GalbraithDirector
Jim BogemannSecretary
Jeff SomersTreasurer
Tom BrunsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$186,750
Program Service Revenue
$313,249
Investment Income
$108
Other Revenue
$0
All Other Contributions
$91,300
Change in Net Assets
$4,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,394
Salaries, Compensation, and Employee Benefits$137,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$328,337$2,451-$330,788
Current Officers, Directors, Trustees, and Key Employees-$94,545-$94,545
Other Salaries and Wages-$30,283-$30,283
Occupancy-$10,165-$10,165
Payroll Taxes-$9,268-$9,268
Fees for Services Accounting-$7,689-$7,689
Information Technology-$3,186-$3,186
Other Employee Benefits-$3,073-$3,073
Travel$2,079--$2,079
Office Expenses$548$773-$1,321
Conferences and Meetings$1,291--$1,291
Advertising$1,038--$1,038
Depreciation Depletion-$702-$702
Other Expenses-$7-$7
Total Functional Expenses$333,293$162,270$0$495,563
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
Payroll Taxes$294
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 11B

Reviewed by executive director prior to signature

Form 990, Page 6, Part VI, Line 19

Annual reports are available on the website

Filing and Contact Details

Filer

Filer Name
Council for Economic Development
EIN
35-1654127
Phone
3174777241
Address
ONE COURTHOUSE PLAZA, GREENFIELD, IN 46140
Doing Business As
Hancock Economic Development

Signing Officer

Name
Nolan E Kuker Jr
Title
Executive Director
Phone
3174777241
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nolan E Kuker Jr
Formed
1985
Legal Domicile
In
Voting Board Members
24
Independent Board Members
24
Employees
2

Preparer

Firm
Sprinkle CPA LLC
Address
4056 S ARBOR LANE SUITE 200, NEW PALESTINE, IN 46163
Preparer
Mark Fuqua CPA
Phone
3178618742
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

COUNCIL

FORM 990 - ORGANIZATION'S MISSION

To promote economic development in hancock county by providing site assistance, cost of doing business analysis, and economic impact modeling to site location consultants, the corporate real estate community, and individual businesses. We serve as a liaison between local government and the business community. Our mission is to enhance the quality of life in hancock county through the attraction and retention of quality jobs and promotion of a diversified tax base.

Form 990, Part IX, Line 11G

Cleaning 0 550 0 dues/subscriptions 11,460 0 0 insurance 0 1,901 0 education 695 0 0 public relations 944 0 0 college seminar expenses 1,989 0 0 0 0 0 elanco grant flow through to grant 313,249 0 0

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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT IN HANCOCK COUNTY BY PROVIDING SITE ASSISTANCE, COST OF DOING BUSINESS ANALYSIS, AND ECONOMIC IMPACT MODELING TO SITE LOCATION CONSULTANTS, THE CORPORATE REAL ESTATE COMMUNITY, AND INDIVIDUAL BUSINESSES. WE SERVE AS A LIAISON BETWEEN LOCAL GOVERNMENT AND THE BUSINESS COMMUNITY. OUR MISSION IS TO ENHANCE THE QUALITY OF LIFE IN HANCOCK COUNTY THROUGH THE ATTRACTION AND RETENTION OF QUALITY JOBS AND PROMOTION OF A DIVERSIFIED TAX BASE.
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0NOLAN E KUKER JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELANCO GRANT
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0313249
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0313249
IRS990/ProgSrvcAccomActy2Grp/Desc0EXPAND THE INFRASTRUCTURE IN HANCOCK COUNTY BY INSTALLING ADDITIONAL UTILITIES, WALKING TRAIL, ACCESS ROAD AND WATER LINE TO DEVELOPMENT AREA IDENTIFIED BY THE INDIANA ECONOMIC DEVELOPMENT CORPORATION THROUGH THE INDUSTRIAL DEVELOPMENT GRANT FUND.
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01496
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07161
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0294
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01496
IRS990ScheduleD/TotalLiabilityAmt0294
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COUNCIL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROMOTE ECONOMIC DEVELOPMENT IN HANCOCK COUNTY BY PROVIDING SITE ASSISTANCE, COST OF DOING BUSINESS ANALYSIS, AND ECONOMIC IMPACT MODELING TO SITE LOCATION CONSULTANTS, THE CORPORATE REAL ESTATE COMMUNITY, AND INDIVIDUAL BUSINESSES. WE SERVE AS A LIAISON BETWEEN LOCAL GOVERNMENT AND THE BUSINESS COMMUNITY. OUR MISSION IS TO ENHANCE THE QUALITY OF LIFE IN HANCOCK COUNTY THROUGH THE ATTRACTION AND RETENTION OF QUALITY JOBS AND PROMOTION OF A DIVERSIFIED TAX BASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY EXECUTIVE DIRECTOR PRIOR TO SIGNATURE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL REPORTS ARE AVAILABLE ON THE WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CLEANING 0 550 0 DUES/SUBSCRIPTIONS 11,460 0 0 INSURANCE 0 1,901 0 EDUCATION 695 0 0 PUBLIC RELATIONS 944 0 0 COLLEGE SEMINAR EXPENSES 1,989 0 0 0 0 0 ELANCO GRANT FLOW THROUGH TO GRANT 313,249 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE COURTHOUSE PLAZA
IRS990/USAddress/CityNm0GREENFIELD
IRS990/USAddress/StateAbbreviationCd0IN
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IRS990/VotingMembersGoverningBodyCnt024

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.01$3.88$6.39$5.02$1.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.03$1.95$2.82$3.35$0.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.03$2.47$8.04$7.89$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.35$5.03$2.32$2.76$2.68$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.02$2.24$2.58$2.36$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.03$2.02$2.47$2.77$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.09$2.32$2.30$2.13$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.09$2.14$2.53$2.02$0.51
2015Detailed filing. Detailed filing data is available for this year.$1.68$0.05$1.64$2.27$1.93$0.34
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$5.00$4.96$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.03$1.24$1.83$1.66$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.03$1.07$1.97$1.81$0.16