Liabilities / Assets
21st percentile
Higher debt load relative to assets than 21% of similar nonprofits.
Hendricks County Economic Development Partnership Inc
990 • Fiscal year 2023 • EIN 35-1817139
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
57th percentile
Higher debt load relative to revenue than 57% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
27th percentile
Higher top officer pay than 27% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Balance Sheet
Assets
Down$2,103,869
Down $712,785 (-25%) from 2022
Net Assets
Down$2,079,934
Down $725,540 (-26%) from 2022
Liabilities
Up$23,935
Up $12,755 (+114%) from 2022
Revenue And Expenses
Revenue
Down$102,321
Down $84,254 (-45%) from 2022
Expenses
Up$831,451
Up $368,725 (+80%) from 2022
Net Income
Down-$729,130
Down $452,979 (-164%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 14, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $102,321
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 | $1,904,259 | $1,248,458 | ▼ $655,801 |
| Cash and Non-Interest-Bearing Accounts | $643,658 | $582,701 | ▼ $60,957 |
| Savings and Temporary Cash Investments | $255,686 | $261,950 | ▲ $6,264 |
| Prepaid Expenses and Deferred Charges | $7,978 | $6,914 | ▼ $1,064 |
| Land, Buildings, and Equipment, Net | $5,073 | $3,846 | ▼ $1,227 |
| Total Assets | $2,816,654 | $2,103,869 | ▼ $712,785 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $11,836 | $23,935 | ▲ $12,099 |
| Other Liabilities | $-656 | - | - |
| Total Liabilities | $11,180 | $23,935 | ▲ $12,755 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,805,474 | $2,079,934 | ▼ $725,540 |
| Total Net Assets Fund Balance | $2,805,474 | $2,079,934 | ▼ $725,540 |
| Total Liabilities and Net Assets / Fund Balance | $2,816,654 | $2,103,869 | ▼ $712,785 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $3,846 | $63,146 | $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 |
| Doug Puckett | Secretary |
| Jeff Donovan | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $13,888
- Investment Income
- $6,480
- Other Revenue
- $81,953
- Change in Net Assets
- $-729,130
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $102,321
- Total Revenue per Audited Statements
- $102,321
- Total Revenue per Form 990
- $102,321
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $575,944 |
| Salaries, Compensation, and Employee Benefits | $255,507 |
| 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 | $227,592 | - | - | $227,592 |
| Other Salaries and Wages | $205,873 | - | - | $205,873 |
| Advertising | $45,250 | - | - | $45,250 |
| Travel | $43,412 | - | - | $43,412 |
| Other Employee Benefits | $34,500 | - | - | $34,500 |
| Fees for Services Accounting | - | $32,258 | - | $32,258 |
| Occupancy | $27,838 | - | - | $27,838 |
| Office Expenses | $16,847 | - | - | $16,847 |
| Payroll Taxes | $15,134 | - | - | $15,134 |
| Conferences and Meetings | $3,000 | - | - | $3,000 |
| Depreciation Depletion | - | $817 | - | $817 |
| Other Expenses | $-1 | - | - | $-1 |
| Total Functional Expenses | $798,376 | $33,075 | $0 | $831,451 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $831,861 |
| Expenses per Audited Statements | $831,451 |
| Total Expenses per Form 990 | $831,451 |
| Expenses Not Reported on Form 990 | $410 |
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
- 2024-11-14
- 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
- 2
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
“Attraction hendricks future 11,342 0 0 bre hendricks first 99,141 0 0 consulting services 66,000 0 0 synergy in effort 51,109 0 0 total 227,592 0 0”
Form 990, Part XI, Line 9
“Minor timing adjustment 3,590”
Financial Statement Notes
Schedule D, Page 4, Part XII, Line 2D
“Book / tax depreciation difference 410”
Raw XML Appendix332 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 11836 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 23935 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1904259 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1248458 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO ENHANCE THE QUALITY OF LIFE BY ATTRACTING, RETAINING AND CREATING SUITABLE BUSINESS INVESTMENTS TO PROVIDE QUALITY JOBS AND TO BROADEN THE TAX BASE. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 45250 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 45250 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | JEFF DONOVAN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3177456411 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5151 E US HIGHWAY 36 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | AVON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46123 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 643658 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 582701 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 3000 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 3000 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 6480 |
| IRS990/CYOtherExpensesAmt | 0 | 575944 |
| IRS990/CYOtherRevenueAmt | 0 | 81953 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 13888 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -729130 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 255507 |
| IRS990/CYTotalExpensesAmt | 0 | 831451 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 102321 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 817 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 817 |
| IRS990/Desc | 0 | PROMOTED PROSPECTIVE DEVELOPMENT IN THE HENDRICKS COUNTY, INDIANA AREA |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 2 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/ExpenseAmt | 0 | 798376 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 32258 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 32258 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 227592 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 227592 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JEFF BANNING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BRIAN BILGER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ROBIN BRANDGARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DENNIS DAWES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JEFF DONOVAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DOUG PUCKETT |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | EXECUTIVE DI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | EXECUTIVE CO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | EXECUTIVE CO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1990 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 30 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 102321 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 30 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 6480 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6480 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 63146 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 5073 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3846 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 66992 |
| IRS990/LegalDomicileStateCd | 0 | IN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO ENHANCE THE QUALITY OF LIFE BY ATTRACTING, RETAINING AND CREATING SUITABLE BUSINESS INVESTMENTS TO PROVIDE QUALITY JOBS AND TO BROADEN THE TAX BASE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2805474 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2079934 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2805474 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2079934 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 27838 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 27838 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 16847 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 16847 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 3590 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 34500 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 34500 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT |
| IRS990/OtherExpensesGrp/Desc | 1 | ROUNDING |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 178931 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | -1 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 178931 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | -1 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | -656 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 541900 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 541900 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | PLAT FEES |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 81100 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 853 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 81100 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 853 |
| IRS990/OtherRevenueTotalAmt | 0 | 81953 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 205873 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 205873 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 15134 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 15134 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 7978 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 6914 |
| IRS990/PrincipalOfficerNm | 0 | BRIAN BILGER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PRIVATE INVESTMENT REVENUE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PUBLIC INVESTMENT REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 11775 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 2113 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 11775 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 2113 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | PROMOTED PROSPECTIVE DEVELOPMENT IN THE HENDRICKS COUNTY, INDIANA AREA |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 1562 |
| IRS990/PYOtherExpensesAmt | 0 | 224367 |
| IRS990/PYOtherRevenueAmt | 0 | 48050 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 136963 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -276151 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 238359 |
| IRS990/PYTotalExpensesAmt | 0 | 462726 |
| IRS990/PYTotalRevenueAmt | 0 | 186575 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -729130 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 13888 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 255686 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 261950 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 410 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 831451 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 410 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 3846 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 63146 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 66992 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 102321 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | BOOK / TAX DEPRECIATION DIFFERENCE 410 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3846 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 831451 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 102321 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 102321 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 831861 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| 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 | ATTRACTION HENDRICKS FUTURE 11,342 0 0 BRE HENDRICKS FIRST 99,141 0 0 CONSULTING SERVICES 66,000 0 0 SYNERGY IN EFFORT 51,109 0 0 TOTAL 227,592 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | MINOR TIMING ADJUSTMENT 3,590 |
| 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 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 2816654 |
| IRS990/TotalAssetsEOYAmt | 0 | 2103869 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2816654 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2103869 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 2 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 33075 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 798376 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 831451 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 11180 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 23935 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 11180 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 23935 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2805474 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2079934 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 798376 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 13888 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 6480 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 95841 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 102321 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 2816654 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2103869 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 43412 |
| IRS990/TravelGrp/TotalAmt | 0 | 43412 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 30 |
| IRS990/VotingMembersIndependentCnt | 0 | 30 |
| IRS990/WebsiteAddressTxt | 0 | WWW.HCEDP.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| 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 | 2024-11-14 |
| 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 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| 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 | 2024-11-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SANDRA D JONES CPA |
| ReturnHeader/ReturnTs | 0 | 2024-11-13T13:31:36-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,103,869
- Liabilities
- $23,935
- Net assets
- $2,079,934
- Revenue
- $102,321
- Expenses
- $831,451
- Net income
- -$729,130