Civic Intelligence

Hendricks County Economic Development Partnership Inc

990 • Fiscal year 2017 • EIN 35-1817139

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

5250 E US Hwy 36 Suite 1101Avon, IN 46123

(317) 745-2400

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.06x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

69th percentile

9.8%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

54th percentile

6.3%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

37th percentile

-0.9%

Faster revenue growth than 37% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$892,768

Up $53,075 (+6.3%) from 2016

Net Assets

Up

$866,193

Up $42,017 (+5.1%) from 2016

Liabilities

Up

$26,575

Up $11,058 (+71%) from 2016

Revenue

Down

$428,862

Down $3,725 (-0.9%) from 2016

Expenses

Down

$386,845

Down $7,395 (-1.9%) from 2016

Net Income

Up

$42,017

Up $3,670 (+9.6%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $797,116Liabilities 2015: $2,287Net Assets 2015: $794,8292015Assets 2016: $839,693Liabilities 2016: $15,517Net Assets 2016: $824,1762016Assets 2017: $892,768Liabilities 2017: $26,575Net Assets 2017: $866,1932017Assets 2018: $961,345Liabilities 2018: $52,878Net Assets 2018: $908,4672018Assets 2019: $947,255Liabilities 2019: $31,949Net Assets 2019: $915,3062019Assets 2020: $881,039Liabilities 2020: $12,046Net Assets 2020: $868,9932020Assets 2021: $818,016Liabilities 2021: $13,320Net Assets 2021: $804,6962021Assets 2022: $2,816,654Liabilities 2022: $11,180Net Assets 2022: $2,805,4742022Assets 2023: $2,103,869Liabilities 2023: $23,935Net Assets 2023: $2,079,9342023Assets 2024: $1,976,245Liabilities 2024: $7,538Net Assets 2024: $1,968,7072024

Highlighted filing

2017

Assets$892,768
Liabilities$26,575
Net Assets$866,193

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2015: $838,473Expenses 2015: $614,950Net Income 2015: $223,5232015Revenue 2016: $432,587Expenses 2016: $394,240Net Income 2016: $38,3472016Revenue 2017: $428,862Expenses 2017: $386,845Net Income 2017: $42,0172017Revenue 2018: $741,867Expenses 2018: $699,593Net Income 2018: $42,2742018Revenue 2019: $664,042Expenses 2019: $657,203Net Income 2019: $6,8392019Revenue 2020: $621,983Expenses 2020: $666,006Net Income 2020: -$44,0232020Revenue 2021: $615,074Expenses 2021: $609,192Net Income 2021: $5,8822021Revenue 2022: $186,575Expenses 2022: $462,726Net Income 2022: -$276,1512022Revenue 2023: $102,321Expenses 2023: $831,451Net Income 2023: -$729,1302023Revenue 2024: $520,014Expenses 2024: $630,830Net Income 2024: -$110,8162024

Highlighted filing

2017

Revenue$428,862
Expenses$386,845
Net Income$42,017
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$428,862
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
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$337,923$416,766▲ $78,843
Pledges and Grants Receivable$316,081$175,241▼ $140,840
Savings and Temporary Cash Investments$170,303$172,897▲ $2,594
Accounts Receivable-$103,470-
Land, Buildings, and Equipment, Net-$11,208-
Prepaid Expenses and Deferred Charges$7,522$7,522→ $0
Other Notes and Loans Receivable, Net$7,864$5,664▼ $2,200
Total Assets$839,693$892,768▲ $53,075
Liabilities
Accounts Payable and Accrued Expenses$15,517$17,437▲ $1,920
Other Liabilities-$9,138-
Total Liabilities$15,517$26,575▲ $11,058
Net Assets / Fund Balance
Unrestricted Net Assets$363,662$603,084▲ $239,422
Temporarily Rstr Net Assets$460,514$263,109▼ $197,405
Total Net Assets Fund Balance$824,176$866,193▲ $42,017
Total Liabilities and Net Assets / Fund Balance$839,693$892,768▲ $53,075

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,208$55,784$66,992
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike BakerPresident
Doug PuckettExecutive Co
Greg TernetExecutive Co
Matt WhetstoneExecutive Co
Robin BrandgardExecutive Co
Jeff PipkinExecutive Di
Marcia LynchSecretary
Jeff DonovanTreasurer
Kevin SpeerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$392,921
Investment Income
$640
Other Revenue
$35,301
Change in Net Assets
$42,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$428,862
Total Revenue per Audited Statements
$428,862
Total Revenue per Form 990
$428,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$203,585
Other Expenses$183,260
Total Fundraising Expense$14,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$133,538$16,309$7,887$157,734
Fees for Services Other$56,951$8,622$2,227$67,800
Occupancy-$60,512-$60,512
Other Employee Benefits$27,879$3,405$1,647$32,931
Fees for Services Accounting$1,636$31,090-$32,726
Payroll Taxes$10,938$1,336$646$12,920
Office Expenses$6,552$2,718$1,731$11,001
Insurance-$3,878-$3,878
Depreciation Depletion-$1,062-$1,062
Interest-$494-$494
Other Expenses$5,616$131-$131
Fees for Services Legal$2$38-$40
Total Functional Expenses$243,112$129,595$14,138$386,845

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$386,845
Total Expenses per Audited Statements$386,845
Total Expenses per Form 990$386,845
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
Long-term Capital Lease Payable$9,138
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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
5250 E US HWY 36 SUITE 1101, AVON, IN 46123

Signing Officer

Name
Jeff Donovan
Title
Treasurer
Phone
3177452400
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Donovan
Formed
1990
Legal Domicile
In
Voting Board Members
29
Independent Board Members
29
Employees
3
Volunteers
6

Preparer

Firm
Nysewander Geans & Stucky LLC
Address
1917 CROWN PLAZA BLVD, PLAINFIELD, IN 46168
Preparer
Scott Geans 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

Synergy in effort 4,453 2,227 2,227 work access & engage 4,041 1,010 0 bre hendricks first 10,534 1,171 0 attraction hendricks future 37,923 4,214 0 total 56,951 8,622 2,227

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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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IRS990/PYTotalRevenueAmt0432587
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055784
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt066992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09138
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG-TERM CAPITAL LEASE PAYABLE
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IRS990ScheduleD/TotalExpensesPerForm990Amt0386845
IRS990ScheduleD/TotalLiabilityAmt09138
IRS990ScheduleD/TotalRevenuePerForm990Amt0428862
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTED PROSPECTIVE DEVELOPMENT IN THE HENDRICKS COUNTY, INDIANA AREA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PER 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/ExplanationTxt2MEMBERS 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/ExplanationTxt3EACH 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/ExplanationTxt4THE EXECUTIVE COMMITTEE IS INFORMED AND THE FORM 990 IS FILED IN THE OFFICE AND MAINTAINED FOR BOARD REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6HCEDP'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/ExplanationTxt7HENDRICKS COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, INC. MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SYNERGY IN EFFORT 4,453 2,227 2,227 WORK ACCESS & ENGAGE 4,041 1,010 0 BRE HENDRICKS FIRST 10,534 1,171 0 ATTRACTION HENDRICKS FUTURE 37,923 4,214 0 TOTAL 56,951 8,622 2,227
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0428862
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IRS990/USAddress/CityNm0AVON
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IRS990/WebsiteAddressTxt0WWW.HCEDP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF DONOVAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03177452400
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HENDRICKS COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT PARTNERSHIP INC
ReturnHeader/Filer/BusinessNameControlTxt0HEND
ReturnHeader/Filer/EIN0351817139
ReturnHeader/Filer/PhoneNum03177452400
ReturnHeader/Filer/USAddress/AddressLine1Txt05250 E US HWY 36 SUITE 1101
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId089728C91B6407C79BA4CB3B1DFE01927817E2ED2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CC70CB69349788BAE73736E6F3617F7207F5C4F9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:53:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273965202
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NYSEWANDER GEANS & STUCKY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01917 CROWN PLAZA BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLAINFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046168
ReturnHeader/PreparerPersonGrp/PhoneNum03178398377
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT GEANS CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-15T16:53:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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