Liabilities / Assets
18th percentile
Higher debt load relative to assets than 18% of similar nonprofits.
Hendricks County Economic
EIN 35-1817139 • 501(c)6 • Danville, IN
Profile
To enhance the quality of life by attracting, retaining and creating suitable business investments to provide quality jobs and to broaden the tax base.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
22nd percentile
Higher debt load relative to revenue than 22% of similar nonprofits.
Net Margin
6th percentile
Higher net margin than 6% of similar nonprofits.
Top Officer Pay
30th percentile
Higher top officer pay than 30% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Balance Sheet
Assets
Down$1,976,245
Down $127,624 (-6.1%) from 2023
Liabilities
Down$7,538
Down $16,397 (-69%) from 2023
Net Assets
Down$1,968,707
Down $111,227 (-5.3%) from 2023
Revenue
Up$520,014
Up $417,693 (+408%) from 2023
Expenses
Down$630,830
Down $200,621 (-24%) from 2023
Net Income
Up-$110,816
Up $618,314 (+85%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $1,976,245
- Liabilities
- $7,538
- Net assets
- $1,968,707
- Revenue
- $520,014
- Expenses
- $630,830
- Net income
- -$110,816
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 12, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $520,014
Mission and Program Overview
Mission
To enhance the quality of life by attracting, retaining and creating suitable business investments to provide quality jobs and to broaden the tax base.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $1,248,458 | $1,256,958 | ▲ $8,500 |
| Cash and Non-Interest-Bearing Accounts | $582,701 | $435,161 | ▼ $147,540 |
| Savings and Temporary Cash Investments | $261,950 | $268,454 | ▲ $6,504 |
| Prepaid Expenses and Deferred Charges | $6,914 | $13,053 | ▲ $6,139 |
| Land, Buildings, and Equipment, Net | $3,846 | $2,619 | ▼ $1,227 |
| Total Assets | $2,103,869 | $1,976,245 | ▼ $127,624 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $23,935 | $7,538 | ▼ $16,397 |
| Total Liabilities | $23,935 | $7,538 | ▼ $16,397 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,079,934 | $1,968,707 | ▼ $111,227 |
| Total Net Assets Fund Balance | $2,079,934 | $1,968,707 | ▼ $111,227 |
| Total Liabilities and Net Assets / Fund Balance | $2,103,869 | $1,976,245 | ▼ $127,624 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $2,619 | $64,373 | $66,992 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Jeff Banning | President |
| Dennis Dawes | Executive Co |
| Robin Brandgard | Executive Co |
| Brian Bilger | Executive Di |
| D Michelle Fenoughty | Secretary |
| Jeff Donovan | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $444,108
- Investment Income
- $6,676
- Other Revenue
- $69,230
- Change in Net Assets
- $-110,816
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $520,014
- Total Revenue per Audited Statements
- $520,014
- Total Revenue per Form 990
- $520,014
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $365,033 |
| Salaries, Compensation, and Employee Benefits | $265,797 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $215,509 | - | - | $215,509 |
| Other Salaries and Wages | $214,839 | - | - | $214,839 |
| Office Expenses | $49,261 | - | - | $49,261 |
| Other Employee Benefits | $34,027 | - | - | $34,027 |
| Fees for Services Accounting | - | $33,339 | - | $33,339 |
| Advertising | $26,711 | - | - | $26,711 |
| Occupancy | $21,514 | - | - | $21,514 |
| Payroll Taxes | $16,931 | - | - | $16,931 |
| Travel | $16,766 | - | - | $16,766 |
| Depreciation Depletion | - | $816 | - | $816 |
| Conferences and Meetings | $814 | - | - | $814 |
| Fees for Services Legal | - | $303 | - | $303 |
| Total Functional Expenses | $596,372 | $34,458 | $0 | $630,830 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $631,241 |
| Expenses per Audited Statements | $630,830 |
| Total Expenses per Form 990 | $630,830 |
| Expenses Not Reported on Form 990 | $411 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign 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
- 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
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 6
“Per the by laws of the corporation, there is a board of directors consisting of not less than eleven members. Each member is a resident of or does business in hendricks county. The corporation has three classes of members: entitlement members, discretionary members, and ex-officio members. The group of entitlement members is appointed from the town councils and chambers of commerce in avon, brownsburg, danville, pittsboro, and plainfield. In addition, there are members appointed from the hendricks county commissioners and hendricks county council with three additional members which may be appointed by the corporation's board of directors. Any entity which desires to further the purpose of the corporation and to participate in its activities may become a discretionary member upon a minimum annual investment of 7,500. The term of this discretionary membership is one year. Approved entities may become ex-officio members upon a minimum annual investment of 7,500. Ex-officio members represent those offices, positions, or activities that provide important resources to assist the corporation in accomplishing its primary mission. The approved group of ex-officio members may include representatives of both the association of hendricks county school superintendents and the hendricks county convention and vistors bureau.”
Form 990, Page 6, Part VI, Line 7A
“Members in each of the classes may designate individuals to serve on the board of directors based on criteria established by the board of directors.”
Form 990, Page 6, Part VI, Line 7B
“Each of the three classes of members - entitlement members, discretionary members, and ex-officio members have the right to approve decisions made by the governing body.”
Form 990, Page 6, Part VI, Line 11B
“The executive committee is informed and the form 990 is filed in the office and maintained for board review.”
Form 990, Page 6, Part VI, Line 12C
“The hcedp executive committee will review, discuss, and call for any disclosures of interest that could result in conflicts of interest at each annual meeting held in march. If any perceived conflict is disclosed or identified, the issue will be discussed and resolved at the executive committee level.”
Form 990, Page 6, Part VI, Line 15A
“Hcedp's executive committee meets in executive session several times annually. An annual review is conducted with the executive director. Comparable compensation of like organizations are reviewed and compared.”
Form 990, Page 6, Part VI, Line 19
“Hendricks county economic development partnership, inc. Makes its governing documents and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Hendricks County Economic
- EIN
- 35-1817139
- Phone
- 3177452400
- Address
- 4 WEST MAIN STREET, DANVILLE, IN 46122
Signing Officer
- Name
- Brian Bilger
- Title
- Executive Director
- Phone
- 3177452400
- Signed
- 2025-11-12
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Brian Bilger
- Formed
- 1990
- Legal Domicile
- In
- Voting Board Members
- 30
- Independent Board Members
- 30
- Employees
- 3
Preparer
- Firm
- Njs Advisors LLC
- Address
- 1917 CROWN PLAZA BLVD, PLAINFIELD, IN 46168
- Preparer
- Sandra D Jones CPA
- Phone
- 3178398377
Supplemental Narrative
Additional Explanations
Form 990, Page 2, Part III, Line 4D
“Promoted prospective development in the hendricks county, indiana area”
Form 990, Part IX, Line 11G
“Bre hendricks first 81,853 0 0 consulting services 95,072 0 0 synergy in effort 37,284 0 0 professional development 1,300 0 0 total 215,509 0 0”
Form 990, Part XI, Line 9
“Book / tax depreciation difference -411”
Financial Statement Notes
Schedule D, Page 4, Part XII, Line 2D
“Book / tax depreciation difference 411”
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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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PROMOTED PROSPECTIVE DEVELOPMENT IN THE HENDRICKS COUNTY, INDIANA AREA |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PER THE BY LAWS OF THE CORPORATION, THERE IS A BOARD OF DIRECTORS CONSISTING OF NOT LESS THAN ELEVEN MEMBERS. EACH MEMBER IS A RESIDENT OF OR DOES BUSINESS IN HENDRICKS COUNTY. THE CORPORATION HAS THREE CLASSES OF MEMBERS: ENTITLEMENT MEMBERS, DISCRETIONARY MEMBERS, AND EX-OFFICIO MEMBERS. THE GROUP OF ENTITLEMENT MEMBERS IS APPOINTED FROM THE TOWN COUNCILS AND CHAMBERS OF COMMERCE IN AVON, BROWNSBURG, DANVILLE, PITTSBORO, AND PLAINFIELD. IN ADDITION, THERE ARE MEMBERS APPOINTED FROM THE HENDRICKS COUNTY COMMISSIONERS AND HENDRICKS COUNTY COUNCIL WITH THREE ADDITIONAL MEMBERS WHICH MAY BE APPOINTED BY THE CORPORATION'S BOARD OF DIRECTORS. ANY ENTITY WHICH DESIRES TO FURTHER THE PURPOSE OF THE CORPORATION AND TO PARTICIPATE IN ITS ACTIVITIES MAY BECOME A DISCRETIONARY MEMBER UPON A MINIMUM ANNUAL INVESTMENT OF 7,500. THE TERM OF THIS DISCRETIONARY MEMBERSHIP IS ONE YEAR. APPROVED ENTITIES MAY BECOME EX-OFFICIO MEMBERS UPON A MINIMUM ANNUAL INVESTMENT OF 7,500. EX-OFFICIO MEMBERS REPRESENT THOSE OFFICES, POSITIONS, OR ACTIVITIES THAT PROVIDE IMPORTANT RESOURCES TO ASSIST THE CORPORATION IN ACCOMPLISHING ITS PRIMARY MISSION. THE APPROVED GROUP OF EX-OFFICIO MEMBERS MAY INCLUDE REPRESENTATIVES OF BOTH THE ASSOCIATION OF HENDRICKS COUNTY SCHOOL SUPERINTENDENTS AND THE HENDRICKS COUNTY CONVENTION AND VISTORS BUREAU. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERS IN EACH OF THE CLASSES MAY DESIGNATE INDIVIDUALS TO SERVE ON THE BOARD OF DIRECTORS BASED ON CRITERIA ESTABLISHED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EACH OF THE THREE CLASSES OF MEMBERS - ENTITLEMENT MEMBERS, DISCRETIONARY MEMBERS, AND EX-OFFICIO MEMBERS HAVE THE RIGHT TO APPROVE DECISIONS MADE BY THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE EXECUTIVE COMMITTEE IS INFORMED AND THE FORM 990 IS FILED IN THE OFFICE AND MAINTAINED FOR BOARD REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE HCEDP EXECUTIVE COMMITTEE WILL REVIEW, DISCUSS, AND CALL FOR ANY DISCLOSURES OF INTEREST THAT COULD RESULT IN CONFLICTS OF INTEREST AT EACH ANNUAL MEETING HELD IN MARCH. IF ANY PERCEIVED CONFLICT IS DISCLOSED OR IDENTIFIED, THE ISSUE WILL BE DISCUSSED AND RESOLVED AT THE EXECUTIVE COMMITTEE LEVEL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | HCEDP'S EXECUTIVE COMMITTEE MEETS IN EXECUTIVE SESSION SEVERAL TIMES ANNUALLY. AN ANNUAL REVIEW IS CONDUCTED WITH THE EXECUTIVE DIRECTOR. COMPARABLE COMPENSATION OF LIKE ORGANIZATIONS ARE REVIEWED AND COMPARED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | HENDRICKS COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, INC. MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | BRE HENDRICKS FIRST 81,853 0 0 CONSULTING SERVICES 95,072 0 0 SYNERGY IN EFFORT 37,284 0 0 PROFESSIONAL DEVELOPMENT 1,300 0 0 TOTAL 215,509 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | BOOK / TAX DEPRECIATION DIFFERENCE -411 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART XI, LINE 9 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRIAN BILGER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3177452400 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | HENDRICKS COUNTY ECONOMIC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | DEVELOPMENT PARTNERSHIP INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HEND |
| ReturnHeader/Filer/EIN | 0 | 351817139 |
| ReturnHeader/Filer/PhoneNum | 0 | 3177452400 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4 WEST MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DANVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46122 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 843212726 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NJS ADVISORS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1917 CROWN PLAZA BLVD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PLAINFIELD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 46168 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3178398377 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SANDRA D JONES CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-13T10:51:53-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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