Civic Intelligence

Whitley County Economic Development Corporation

990 • Fiscal year 2017 • EIN 35-1854496

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 11, 2018

220 W Van Buren St Ste 102Columbia City, IN 46725

(260) 244-5506

Siviq Scores

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

Liabilities / Assets

48th percentile

0.02x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.04x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Net Margin

52nd percentile

6.7%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$120,891

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 28.7% of source-year revenue.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Asset Growth

14th percentile

-8.5%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

4.6%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$806,700

Down $74,822 (-8.5%) from 2016

Net Assets

Up

$790,109

Up $28,200 (+3.7%) from 2016

Liabilities

Down

$16,591

Down $103,022 (-86%) from 2016

Revenue

Up

$420,920

Up $18,367 (+4.6%) from 2016

Expenses

Down

$392,720

Down $65,999 (-14%) from 2016

Net Income

Up

$28,200

Up $84,366 (+150%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $424,438Liabilities 2010: $32,762Net Assets 2010: $391,6762010Assets 2011: $362,994Liabilities 2011: $6,332Net Assets 2011: $356,6622011Assets 2012: $418,447Liabilities 2012: $3,320Net Assets 2012: $415,1272012Assets 2013: $445,794Liabilities 2013: $4,298Net Assets 2013: $441,4962013Assets 2014: $722,130Liabilities 2014: $10,079Net Assets 2014: $712,0512014Assets 2015: $771,447Liabilities 2015: $22,929Net Assets 2015: $748,5182015Assets 2016: $881,522Liabilities 2016: $119,613Net Assets 2016: $761,9092016Assets 2017: $806,700Liabilities 2017: $16,591Net Assets 2017: $790,1092017Assets 2018: $784,778Liabilities 2018: $15,242Net Assets 2018: $769,5362018Assets 2019: $741,710Liabilities 2019: $27,080Net Assets 2019: $714,6302019Assets 2020: $723,129Liabilities 2020: $65,958Net Assets 2020: $657,1712020Assets 2021: $746,084Liabilities 2021: $19,708Net Assets 2021: $726,3762021Assets 2022: $793,725Liabilities 2022: $24,228Net Assets 2022: $769,4972022Assets 2023: $873,845Liabilities 2023: $18,625Net Assets 2023: $855,2202023Assets 2024: $929,290Liabilities 2024: $8,483Net Assets 2024: $920,8072024

Highlighted filing

2017

Assets$806,700
Liabilities$16,591
Net Assets$790,109

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $338,8142010Expenses 2011: $431,7972011Expenses 2012: $334,4692012Revenue 2013: $446,061Expenses 2013: $419,692Net Income 2013: $26,3692013Revenue 2014: $658,321Expenses 2014: $387,766Net Income 2014: $270,5552014Revenue 2015: $507,161Expenses 2015: $470,694Net Income 2015: $36,4672015Revenue 2016: $402,553Expenses 2016: $458,719Net Income 2016: -$56,1662016Revenue 2017: $420,920Expenses 2017: $392,720Net Income 2017: $28,2002017Revenue 2018: $449,028Expenses 2018: $469,601Net Income 2018: -$20,5732018Revenue 2019: $465,918Expenses 2019: $520,824Net Income 2019: -$54,9062019Revenue 2020: $483,312Expenses 2020: $540,771Net Income 2020: -$57,4592020Revenue 2021: $561,292Expenses 2021: $492,087Net Income 2021: $69,2052021Revenue 2022: $438,133Expenses 2022: $395,012Net Income 2022: $43,1212022Revenue 2023: $452,660Expenses 2023: $366,937Net Income 2023: $85,7232023Revenue 2024: $411,546Expenses 2024: $345,959Net Income 2024: $65,5872024

Highlighted filing

2017

Revenue$420,920
Expenses$392,720
Net Income$28,200
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 11, 2018
Return Version
2017v2.3
Gross Receipts
$420,920
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$494,523$412,240▼ $82,283
Savings and Temporary Cash Investments$178,068$178,958▲ $890
Other Notes and Loans Receivable, Net$131,965$126,615▼ $5,350
Accounts Receivable$71,473$83,991▲ $12,518
Land, Buildings, and Equipment, Net$3,635$4,896▲ $1,261
Prepaid Expenses and Deferred Charges$1,858--
Total Assets$881,522$806,700▼ $74,822
Liabilities
Other Liabilities$100,191--
Accounts Payable and Accrued Expenses$19,422$16,591▼ $2,831
Total Liabilities$119,613$16,591▼ $103,022
Net Assets / Fund Balance
Unrestricted Net Assets$403,775$417,896▲ $14,121
Permanently Rstr Net Assets$318,134$338,134▲ $20,000
Temporarily Rstr Net Assets$40,000$34,079▼ $5,921
Total Net Assets Fund Balance$761,909$790,109▲ $28,200
Total Liabilities and Net Assets / Fund Balance$881,522$806,700▼ $74,822

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,722$88,197$91,919
Leasehold Improvements$1,174$5,231$6,405
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan J MyersPresident ExFT$101,584$19,307$120,891

Board Members and Trustees

NameTitle
Robin WrightChair
Brooks LangelohVice Chair
Aimee ShimasakiDirector
Chad BanksDirector
Dan HileDirector
Eric JungDirector
Galen MastDirector
Greg KiessDirector
Kristi SturtzDirector
Rob MarrDirector
Scott GabrielDirector
John LefeverDirector Ex-
Matt ShipmanLegal Counse
Keith SchumanSecretary
Joseph KessieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,446
Program Service Revenue
$333,923
Investment Income
$6,551
Other Revenue
$35,000
All Other Contributions
$25,446
Change in Net Assets
$28,200

Audited Revenue Reconciliation

Revenue per Audited Statements
$385,920
Revenue Not Reported on Financial Statements
$35,000
Revenue Not Reported on Form 990
$31,200
Other Revenue Adjustments
$35,000
Total Revenue per Audited Statements
$417,120
Total Revenue per Form 990
$420,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$233,725
Other Expenses$158,995
Total Fundraising Expense$17,593
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$78,580$36,267$6,044$120,891
Other Salaries and Wages$58,771$31,471$2,069$92,311
Fees for Services Other$29,127$34,950$5,823$69,900
Advertising$13,137$9,680$1,382$24,199
Fees for Services Accounting-$17,950-$17,950
Office Expenses$6,693$4,931$703$12,327
Payroll Taxes$6,144$3,567$412$10,123
Other Employee Benefits$4,381$3,783$191$8,355
Information Technology$364$3,042$38$3,444
Travel$1,458$1,073$153$2,684
Conferences and Meetings$1,427$1,051$150$2,628
Insurance-$2,595-$2,595
Fees for Services Legal$1,309$965$138$2,412
Pension Plan Contributions$1,101$893$51$2,045
Depreciation Depletion-$1,657-$1,657
Other Expenses$4,175$269$439$269
All Other Expenses$152--$152
Total Functional Expenses$206,819$168,308$17,593$392,720

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$392,720
Total Expenses per Form 990$392,720
Total Expenses per Audited Statements$388,920
Expenses Not Reported on Form 990$-3,800
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
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

Management and the finance committee review a draft of the 990. The form 990 is made available to the board members prior to filing.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy requires that the members of the governing body sign a statement annually. The statement affirms that the member has received a copy of the policy, has read and understood the policy, agrees to comply with the policy and understands that to maintain the tax-exempt status of the nonprofit, only those activities accomplishing the exempt purpose will be engaged in. The organization will also conduct periodic reviews of compensation arrangements and benefits, and arrangements with management organization to verify consistency with the tax exempt purpose of the nonprofit. The arrangements will be reviewed to insure the arrangement do not result in private inurement, impermissible private benefit or can be characterized as an excess benefit transaction.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Whitley County Economic Development
EIN
35-1854496
Phone
2602445506
Address
220 W VAN BUREN ST STE 102, COLUMBIA CITY, IN 46725

Signing Officer

Name
Joseph Kessie
Title
Treasurer
Phone
2602445506
Signed
2018-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan J Myers
Voting Board Members
9
Independent Board Members
9
Employees
5
Volunteers
9

Preparer

Firm
Baden Gage & Schroeder LLC
Address
6920 POINTE INVERNESS WAY 300, FORT WAYNE, IN 46804-7926
Preparer
Christine K Hootman CPA
Phone
2604222551
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Knowledge center workshop 8,751 10,500 1,749 lwc management fees 4,438 5,325 887 executive leadership series 521 625 104 redevelopment commission 10,417 12,500 2,083 grant writing/loan funds 5,000 6,000 1,000 total 29,127 34,950 5,823

Form 990, Part XI, Line 9

Loan loss recovery -35,000 loan loss recovery 35,000

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a tax-exempt not-for-profit organization under section 501(c)(4) of the internal revenue code and is not considered to be a private foundation as determined by the internal revenue service and is not subject to income taxes. The accounting standard that provides guidance on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of income subject to unrelated business income tax (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended december 31, 2017.

Schedule D, Page 4, Part XI, Line 4B

Loan loss recovery 35,000

Schedule D, Page 4, Part XII, Line 2D

Loan loss recovery -35,000

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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/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt020000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0420920
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IRS990/InformationTechnologyGrp/FundraisingAmt038
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03042
IRS990/InformationTechnologyGrp/ProgramServicesAmt0364
IRS990/InformationTechnologyGrp/TotalAmt03444
IRS990/InsuranceGrp/ManagementAndGeneralAmt02595
IRS990/InsuranceGrp/TotalAmt02595
IRS990/InvestmentIncomeGrp/ExclusionAmt06551
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06551
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt093428
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03635
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04896
IRS990/LandBldgEquipCostOrOtherBssAmt098324
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0ECONOMIC DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0761909
IRS990/NetAssetsOrFundBalancesEOYAmt0790109
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0191
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03783
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04381
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08355
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc2SUBSCRIPTIONS AND MEMBERS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0439
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13076
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22957
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3269
IRS990/OtherExpensesGrp/ProgramServicesAmt04175
IRS990/OtherExpensesGrp/TotalAmt08131
IRS990/OtherExpensesGrp/TotalAmt17690
IRS990/OtherExpensesGrp/TotalAmt22957
IRS990/OtherExpensesGrp/TotalAmt3269
IRS990/OtherLiabilitiesGrp/BOYAmt0100191
IRS990/OtherRevenueMiscGrp/Desc0RECOVERY OF LOAN LOSS PROVISI
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt035000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035000
IRS990/OtherRevenueTotalAmt035000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02069
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt031471
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt058771
IRS990/OtherSalariesAndWagesGrp/TotalAmt092311
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0131965
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0126615
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0412
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03567
IRS990/PayrollTaxesGrp/ProgramServicesAmt06144
IRS990/PayrollTaxesGrp/TotalAmt010123
IRS990/PensionPlanContributionsGrp/FundraisingAmt051
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0893
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01101
IRS990/PensionPlanContributionsGrp/TotalAmt02045
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0318134
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0338134
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01858
IRS990/PrincipalOfficerNm0JONATHAN J MYERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0COUNTY ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1LEADERSHIP WHITLEY CTY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0310292
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0310292
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123631
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0374269
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04634
IRS990/PYOtherExpensesAmt0221866
IRS990/PYProgramServiceRevenueAmt023650
IRS990/PYRevenuesLessExpensesAmt0-56166
IRS990/PYSalariesCompEmpBnftPaidAmt0236853
IRS990/PYTotalExpensesAmt0458719
IRS990/PYTotalRevenueAmt0402553
IRS990/ReconcilationRevenueExpnssAmt028200
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0178068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0178958
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt031200
IRS990ScheduleD/DonatedServicesUseFcltsAmt031200
IRS990ScheduleD/EquipmentGrp/BookValueAmt03722
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088197
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091919
IRS990ScheduleD/ExpensesNotReportedAmt0-3800
IRS990ScheduleD/ExpensesSubtotalAmt0392720
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01174
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05231
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06405
IRS990ScheduleD/OtherExpensesIncludedAmt0-35000
IRS990ScheduleD/OtherRevenuesNotIncludedAmt035000
IRS990ScheduleD/RevenueNotReportedAmt031200
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt035000
IRS990ScheduleD/RevenueSubtotalAmt0385920
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A TAX-EXEMPT NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION AS DETERMINED BY THE INTERNAL REVENUE SERVICE AND IS NOT SUBJECT TO INCOME TAXES. THE ACCOUNTING STANDARD THAT PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOAN LOSS RECOVERY 35,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOAN LOSS RECOVERY -35,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04896
IRS990ScheduleD/TotalExpensesPerForm990Amt0392720
IRS990ScheduleD/TotalRevenuePerForm990Amt0420920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0417120
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0388920
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT AND THE FINANCE COMMITTEE REVIEW A DRAFT OF THE 990. THE FORM 990 IS MADE AVAILABLE TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY REQUIRES THAT THE MEMBERS OF THE GOVERNING BODY SIGN A STATEMENT ANNUALLY. THE STATEMENT AFFIRMS THAT THE MEMBER HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTOOD THE POLICY, AGREES TO COMPLY WITH THE POLICY AND UNDERSTANDS THAT TO MAINTAIN THE TAX-EXEMPT STATUS OF THE NONPROFIT, ONLY THOSE ACTIVITIES ACCOMPLISHING THE EXEMPT PURPOSE WILL BE ENGAGED IN. THE ORGANIZATION WILL ALSO CONDUCT PERIODIC REVIEWS OF COMPENSATION ARRANGEMENTS AND BENEFITS, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATION TO VERIFY CONSISTENCY WITH THE TAX EXEMPT PURPOSE OF THE NONPROFIT. THE ARRANGEMENTS WILL BE REVIEWED TO INSURE THE ARRANGEMENT DO NOT RESULT IN PRIVATE INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR CAN BE CHARACTERIZED AS AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KNOWLEDGE CENTER WORKSHOP 8,751 10,500 1,749 LWC MANAGEMENT FEES 4,438 5,325 887 EXECUTIVE LEADERSHIP SERIES 521 625 104 REDEVELOPMENT COMMISSION 10,417 12,500 2,083 GRANT WRITING/LOAN FUNDS 5,000 6,000 1,000 TOTAL 29,127 34,950 5,823
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOAN LOSS RECOVERY -35,000 LOAN LOSS RECOVERY 35,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt040000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt034079
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0881522
IRS990/TotalAssetsEOYAmt0806700
IRS990/TotalAssetsGrp/BOYAmt0881522
IRS990/TotalAssetsGrp/EOYAmt0806700
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045446
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017593
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168308
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0206819
IRS990/TotalFunctionalExpensesGrp/TotalAmt0392720
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0119613

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.29$0.08$9.21$4.12$3.46$0.66
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.74$0.19$8.55$4.53$3.67$0.86
2022Detailed filing. Detailed filing data is available for this year.$7.94$0.24$7.69$4.38$3.95$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.46$0.20$7.26$5.61$4.92$0.69
2020Detailed filing. Detailed filing data is available for this year.$7.23$0.66$6.57$4.83$5.41$0.57
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.42$0.27$7.15$4.66$5.21$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.85$0.15$7.70$4.49$4.70$0.21
2017Detailed filing. Detailed filing data is available for this year.$8.07$0.17$7.90$4.21$3.93$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.82$1.20$7.62$4.03$4.59$0.56
2015Detailed filing. Detailed filing data is available for this year.$7.71$0.23$7.49$5.07$4.71$0.36
2014Detailed filing. Detailed filing data is available for this year.$7.22$0.10$7.12$6.58$3.88$2.71
2013Detailed filing. Detailed filing data is available for this year.$4.46$0.04$4.41$4.46$4.20$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.03$4.15$3.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.06$3.57$4.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.33$3.92$3.39