Civic Intelligence

Hendricks County Economic Development Partnership Inc

990 • Fiscal year 2021 • EIN 35-1817139

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.02x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

27th percentile

1.0%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

75th percentile

$110,902

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

12th percentile

-7.2%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

-1.1%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$818,016

Down $63,023 (-7.2%) from 2020

Net Assets

Down

$804,696

Down $64,297 (-7.4%) from 2020

Liabilities

Up

$13,320

Up $1,274 (+11%) from 2020

Revenue

Down

$615,074

Down $6,909 (-1.1%) from 2020

Expenses

Down

$609,192

Down $56,814 (-8.5%) from 2020

Net Income

Up

$5,882

Up $49,905 (+113%) from 2020

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

2021

Assets$818,016
Liabilities$13,320
Net Assets$804,696

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

2021

Revenue$615,074
Expenses$609,192
Net Income$5,882
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$615,074
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$481,559$697,336▲ $215,777
Savings and Temporary Cash Investments$270,572$68,333▼ $202,239
Accounts Receivable$123,600$45,297▼ $78,303
Land, Buildings, and Equipment, Net$4,558$6,300▲ $1,742
Prepaid Expenses and Deferred Charges$750$750→ $0
Total Assets$881,039$818,016▼ $63,023
Liabilities
Accounts Payable and Accrued Expenses$9,826$13,320▲ $3,494
Other Liabilities$2,220--
Total Liabilities$12,046$13,320▲ $1,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$868,993$804,696▼ $64,297
Total Net Assets Fund Balance$868,993$804,696▼ $64,297
Total Liabilities and Net Assets / Fund Balance$881,039$818,016▼ $63,023

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,300$60,692$66,992
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brian BilgerExecutive DiFT$110,902$110,902

Board Members and Trustees

NameTitle
Kevin SpeerPresident
Dennis DawesExecutive Co
Robin BrandgardExecutive Co
Doug PuckettSecretary
Jeff DonovanTreasurer
Jeff BanningVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$558,105
Investment Income
$1,143
Other Revenue
$55,826
Change in Net Assets
$5,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$615,074
Total Revenue per Audited Statements
$615,074
Total Revenue per Form 990
$615,074
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$366,894
Salaries, Compensation, and Employee Benefits$242,298
Total Fundraising Expense$190,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$174,481$17,845$5,947$198,273
Fees for Services Other--$183,036$183,036
Advertising$88,970$2,750-$91,720
Other Employee Benefits$24,650$2,521$840$28,011
Occupancy$9,469$14,235-$23,704
Travel$16,871$2,449-$19,320
Fees for Services Accounting-$17,005-$17,005
Payroll Taxes$14,093$1,441$480$16,014
Office Expenses$4,180$9,909-$14,089
Other Expenses-$6,473-$6,473
Depreciation Depletion$1,080$147-$1,227
Interest-$310-$310
Total Functional Expenses$333,794$85,095$190,303$609,192

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$609,192
Total Expenses per Audited Statements$609,192
Total Expenses per Form 990$609,192
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
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
5250 E US HWY 36 SUITE 1101, AVON, IN 46123

Signing Officer

Name
Brian Bilger
Title
Executive Director
Phone
3177452400
Signed
2022-11-14
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
4

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

Consulting services 0 0 183,036

Form 990, Part XI, Line 9

Adjustment through financial statement -70,179

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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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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt066992
IRS990ScheduleD/RevenueSubtotalAmt0615074
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06300
IRS990ScheduleD/TotalExpensesPerForm990Amt0609192
IRS990ScheduleD/TotalRevenuePerForm990Amt0615074
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0615074
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0609192
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt8CONSULTING SERVICES 0 0 183,036
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ADJUSTMENT THROUGH FINANCIAL STATEMENT -70,179
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0881039
IRS990/TotalAssetsEOYAmt0818016
IRS990/TotalAssetsGrp/BOYAmt0881039
IRS990/TotalAssetsGrp/EOYAmt0818016
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0190303
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085095
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0333794
IRS990/TotalFunctionalExpensesGrp/TotalAmt0609192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012046
IRS990/TotalLiabilitiesEOYAmt013320
IRS990/TotalLiabilitiesGrp/BOYAmt012046
IRS990/TotalLiabilitiesGrp/EOYAmt013320
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0868993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0804696
IRS990/TotalOtherProgSrvcExpenseAmt01080
IRS990/TotalProgramServiceExpensesAmt0333794
IRS990/TotalProgramServiceRevenueAmt0558105
IRS990/TotalReportableCompFromOrgAmt0110902
IRS990/TotalRevenueGrp/ExclusionAmt01143
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0613931
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0615074
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0881039
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0818016
IRS990/TravelGrp/ManagementAndGeneralAmt02449
IRS990/TravelGrp/ProgramServicesAmt016871
IRS990/TravelGrp/TotalAmt019320
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt030
IRS990/VotingMembersIndependentCnt030
IRS990/WebsiteAddressTxt0WWW.HCEDP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN BILGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03177452400
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
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
ReturnHeader/Filer/USAddress/CityNm0AVON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046123
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843212726
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NJS ADVISORS 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/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SANDRA D JONES CPA
ReturnHeader/ReturnTs02022-11-15T09:06:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BILGER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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