Civic Intelligence

Whitley County Economic Development Corporation

990 • Fiscal year 2021 • EIN 35-1854496

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 01, 2022

220 W Van Buren St 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

53rd percentile

0.03x

Higher debt load relative to assets than 53% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$124,962

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Asset Growth

45th percentile

3.2%

Faster asset growth than 45% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$746,084

Up $22,955 (+3.2%) from 2020

Net Assets

Up

$726,376

Up $69,205 (+11%) from 2020

Liabilities

Down

$19,708

Down $46,250 (-70%) from 2020

Revenue

Up

$561,292

Up $77,980 (+16%) from 2020

Expenses

Down

$492,087

Down $48,684 (-9.0%) from 2020

Net Income

Up

$69,205

Up $126,664 (+220%) from 2020

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

2021

Assets$746,084
Liabilities$19,708
Net Assets$726,376

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

2021

Revenue$561,292
Expenses$492,087
Net Income$69,205
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 1, 2022
Return Version
2021v4.2
Gross Receipts
$561,292
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Aid communities in whitley county in attracting new industry and assist existing industry in expansion - all for the purpose of creating jobs for the citizens of whitley county

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$263,886$295,763▲ $31,877
Savings and Temporary Cash Investments$152,353$205,003▲ $52,650
Other Notes and Loans Receivable, Net$207,435$152,538▼ $54,897
Accounts Receivable$95,426$89,853▼ $5,573
Land, Buildings, and Equipment, Net$2,699$2,927▲ $228
Prepaid Expenses and Deferred Charges$1,330--
Total Assets$723,129$746,084▲ $22,955
Liabilities
Accounts Payable and Accrued Expenses$20,286$16,011▼ $4,275
Deferred Revenue$45,672$3,697▼ $41,975
Total Liabilities$65,958$19,708▼ $46,250
Net Assets / Fund Balance
Net Assets With Donor Restrictions$373,063$420,632▲ $47,569
Net Assets Without Donor Restrictions$284,108$305,744▲ $21,636
Total Net Assets Fund Balance$657,171$726,376▲ $69,205
Total Liabilities and Net Assets / Fund Balance$723,129$746,084▲ $22,955

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,927$72,808$75,735
Leasehold Improvements$0$6,405$6,405
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale BuuckEdc PresidentFT$102,231$22,731$124,962

Board Members and Trustees

NameTitle
David SmithChair
Rob MarrVice Chair
Brooks LangelohDirector
Eric JungDirector
Laura McdermottDirector
Tim KumferDirector
Tonya WeeksDirector
Lisa SmithSecretary
Trey WeberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$192,770
Program Service Revenue
$360,297
Investment Income
$8,225
Other Revenue
$0
All Other Contributions
$56,873
Change in Net Assets
$69,205

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$31,200Fair Value
Total Noncash Contributions1$31,200-

Audited Revenue Reconciliation

Revenue per Audited Statements
$561,292
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$561,292
Total Revenue per Form 990
$561,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$271,933
Other Expenses$220,154
Total Fundraising Expense$25,876
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$46,004$49,408$6,819$102,231
Other Salaries and Wages$45,263$48,613$6,709$100,585
Other Employee Benefits$18,281$19,634$2,710$40,625
Occupancy$14,040$15,079$2,081$31,200
Fees for Services Other$11,633$12,493$1,724$25,850
Advertising$7,445$7,996$1,104$16,545
Payroll Taxes$6,862$7,369$1,017$15,248
Pension Plan Contributions$5,960$6,401$883$13,244
Information Technology$4,451$4,781$659$9,891
Office Expenses$4,289$4,606$635$9,530
Conferences and Meetings$3,721$3,996$551$8,268
Fees for Services Accounting-$6,725-$6,725
Other Expenses$5,100$5,293$730$5,100
Travel$1,715$1,842$254$3,811
Insurance-$3,067-$3,067
All Other Expenses-$2,734-$2,734
Depreciation Depletion-$1,802-$1,802
Fees for Services Legal-$1,457-$1,457
Total Functional Expenses$220,413$245,798$25,876$492,087

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$492,087
Total Expenses per Audited Statements$492,087
Total Expenses per Form 990$492,087
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 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
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, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

Enforcement of conflict of interest policy requires that members of the board sign a statement annually. The statement affirms that the member has received a copy of the policy, read and understands the policy, agrees to comply with the policy and understands that to maintain the tax exempt status of the nonprofit, only those activites accomplishing the exempt purpose will be engage in. The organization will also conduct periodic review of compensation arrangements and benefits, and arrangements with the organization's management to verify consistency with the tax exempt purpose of the nonprofit. The arrangement will be reviewed to ensure the arrangement does not result in private incurement, impermissable private benefit or can be characterized as an excess benefit transaction.

Form 990, Part VI, Section C, Line 18

Documents are made available upon request.

Form 990, Part VI, Section C, Line 19

Documents are made 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 102, COLUMBIA CITY, IN 46725

Signing Officer

Name
David Smith
Title
Chair
Phone
2602445506
Signed
2022-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Smith
Formed
1994
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
10

Preparer

Firm
Bollenbacher and Associates LLC
Address
915 N MERIDIAN STREET, PORTLAND, IN 47371
Preparer
Hannah B Hughes CPA
Phone
2607264207
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management evaluates all significant tax positions as required by accounting principles generally accepted in the united states of america. As of december 31, the organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that materially impact the financial statements or related disclosures.

Part X - Fin 48 Footnote

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 that 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the years ended december 31. The edc files annual information returns in the u.s. Federal jurisdiction and the state of indiana. The edc is generally no longer subject to income tax examination by federal or state agencies for greater than the past 3 years.

Raw XML AppendixShowing 400 of 449 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt020286
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016011
IRS990/AccountsReceivableGrp/BOYAmt095426
IRS990/AccountsReceivableGrp/EOYAmt089853
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0AID COMMUNITIES IN WHITLEY COUNTY IN ATTRACTING NEW INDUSTRY AND ASSIST EXISTING INDUSTRY IN EXPANSION - ALL FOR THE PURPOSE OF CREATING JOBS FOR THE CITIZENS OF WHITLEY COUNTY
IRS990/AdvertisingGrp/FundraisingAmt01104
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07996
IRS990/AdvertisingGrp/ProgramServicesAmt07445
IRS990/AdvertisingGrp/TotalAmt016545
IRS990/AllOtherContributionsAmt056873
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02734
IRS990/AllOtherExpensesGrp/TotalAmt02734
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DALE BUUCK
IRS990/BooksInCareOfDetail/PhoneNum02602445506
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0220 W VAN BUREN ST STE 102
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLUMBIA CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046725
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0263886
IRS990/CashNonInterestBearingGrp/EOYAmt0295763
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt06819
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt049408
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt046004
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0102231
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt0551
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03996
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03721
IRS990/ConferencesMeetingsGrp/TotalAmt08268
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0192770
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08225
IRS990/CYOtherExpensesAmt0220154
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0360297
IRS990/CYRevenuesLessExpensesAmt069205
IRS990/CYSalariesCompEmpBnftPaidAmt0271933
IRS990/CYTotalExpensesAmt0492087
IRS990/CYTotalFundraisingExpenseAmt025876
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0561292
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt045672
IRS990/DeferredRevenueGrp/EOYAmt03697
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01802
IRS990/DepreciationDepletionGrp/TotalAmt01802
IRS990/Desc0IMPLEMENT A UNIFIED ECONOMIC DEVELOPMENT EFFORT IN ORDER TO EXPAND EMPLOYMENT AND BUSINESS OPPORTUNITIES WITHIN WHITLEY COUNTY, INDIANA.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0373063
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0420632
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0220413
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06725
IRS990/FeesForServicesAccountingGrp/TotalAmt06725
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01457
IRS990/FeesForServicesLegalGrp/TotalAmt01457
IRS990/FeesForServicesOtherGrp/FundraisingAmt01724
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt012493
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011633
IRS990/FeesForServicesOtherGrp/TotalAmt025850
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt945.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt922731
IRS990/Form990PartVIISectionAGrp/PersonNm0BROOKS LANGELOH
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC JUNG
IRS990/Form990PartVIISectionAGrp/PersonNm3LAURA MCDERMOTT
IRS990/Form990PartVIISectionAGrp/PersonNm4LISA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5ROB MARR
IRS990/Form990PartVIISectionAGrp/PersonNm6TIM KUMFER
IRS990/Form990PartVIISectionAGrp/PersonNm7TONYA WEEKS
IRS990/Form990PartVIISectionAGrp/PersonNm8TREY WEBER
IRS990/Form990PartVIISectionAGrp/PersonNm9DALE BUUCK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9102231
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EDC PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0135897
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0561292
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0659
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04781
IRS990/InformationTechnologyGrp/ProgramServicesAmt04451
IRS990/InformationTechnologyGrp/TotalAmt09891
IRS990/InsuranceGrp/ManagementAndGeneralAmt03067
IRS990/InsuranceGrp/TotalAmt03067
IRS990/InvestmentIncomeGrp/ExclusionAmt08225
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08225
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt079213
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02699
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02927
IRS990/LandBldgEquipCostOrOtherBssAmt082140
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AID COMMUNITIES IN WHITLEY COUNTY IN ATTRACTING NEW INDUSTRY AND ASSIST EXISTING INDUSTRY IN EXPANSION - ALL FOR THE PURPOSE OF CREATING JOBS FOR THE CITIZENS OF WHITLEY COUNTY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0657171
IRS990/NetAssetsOrFundBalancesEOYAmt0726376
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0284108
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0305744
IRS990/NoncashContributionsAmt031200
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02081
IRS990/OccupancyGrp/ManagementAndGeneralAmt015079
IRS990/OccupancyGrp/ProgramServicesAmt014040
IRS990/OccupancyGrp/TotalAmt031200
IRS990/OfficeExpensesGrp/FundraisingAmt0635
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04606
IRS990/OfficeExpensesGrp/ProgramServicesAmt04289
IRS990/OfficeExpensesGrp/TotalAmt09530
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02710
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019634
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018281
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040625
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1FEES FOR SERVICE
IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc3PROJECT EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0730
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042502
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15293
IRS990/OtherExpensesGrp/ProgramServicesAmt040721
IRS990/OtherExpensesGrp/ProgramServicesAmt14928
IRS990/OtherExpensesGrp/ProgramServicesAmt25100
IRS990/OtherExpensesGrp/TotalAmt042502
IRS990/OtherExpensesGrp/TotalAmt140721
IRS990/OtherExpensesGrp/TotalAmt210951
IRS990/OtherExpensesGrp/TotalAmt35100
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06709
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048613
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt045263
IRS990/OtherSalariesAndWagesGrp/TotalAmt0100585
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0207435
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0152538
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01017
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07369
IRS990/PayrollTaxesGrp/ProgramServicesAmt06862
IRS990/PayrollTaxesGrp/TotalAmt015248
IRS990/PensionPlanContributionsGrp/FundraisingAmt0883
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06401
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05960
IRS990/PensionPlanContributionsGrp/TotalAmt013244
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01330
IRS990/PrincipalOfficerNm0DAVID SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0COUNTY ECONOMIC DEVELO
IRS990/ProgramServiceRevenueGrp/Desc1LEADERSHIP WHITLEY CTY
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0347924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111748
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0347924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111748
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2625
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0119370
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt027359
IRS990/PYInvestmentIncomeAmt010737
IRS990/PYOtherExpensesAmt0200298
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0353205
IRS990/PYRevenuesLessExpensesAmt0-57459
IRS990/PYSalariesCompEmpBnftPaidAmt0313114
IRS990/PYTotalExpensesAmt0540771
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0483312
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt069205
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0360297
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0152353
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0205003
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02927
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072808
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075735
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0492087
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06405
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06405
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0561292
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF DECEMBER 31, THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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 THAT 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED DECEMBER 31. THE EDC FILES ANNUAL INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF INDIANA. THE EDC IS GENERALLY NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY FEDERAL OR STATE AGENCIES FOR GREATER THAN THE PAST 3 YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X - FIN 48 FOOTNOTE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02927
IRS990ScheduleD/TotalExpensesPerForm990Amt0492087
IRS990ScheduleD/TotalRevenuePerForm990Amt0561292
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0561292
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0492087
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt031200
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT AND FINANCE COMMITTEE REVIEW THE 990. THE FORM 990 IS MADE AVAILABLE TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICT OF INTEREST POLICY REQUIRES THAT MEMBERS OF THE BOARD SIGN A STATEMENT ANNUALLY. THE STATEMENT AFFIRMS THAT THE MEMBER HAS RECEIVED A COPY OF THE POLICY, READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY AND UNDERSTANDS THAT TO MAINTAIN THE TAX EXEMPT STATUS OF THE NONPROFIT, ONLY THOSE ACTIVITES ACCOMPLISHING THE EXEMPT PURPOSE WILL BE ENGAGE IN. THE ORGANIZATION WILL ALSO CONDUCT PERIODIC REVIEW OF COMPENSATION ARRANGEMENTS AND BENEFITS, AND ARRANGEMENTS WITH THE ORGANIZATION'S MANAGEMENT TO VERIFY CONSISTENCY WITH THE TAX EXEMPT PURPOSE OF THE NONPROFIT. THE ARRANGEMENT WILL BE REVIEWED TO ENSURE THE ARRANGEMENT DOES NOT RESULT IN PRIVATE INCUREMENT, IMPERMISSABLE PRIVATE BENEFIT OR CAN BE CHARACTERIZED AS AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0723129
IRS990/TotalAssetsEOYAmt0746084
IRS990/TotalAssetsGrp/BOYAmt0723129
IRS990/TotalAssetsGrp/EOYAmt0746084
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0192770
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt025876
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0245798
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0220413
IRS990/TotalFunctionalExpensesGrp/TotalAmt0492087
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt065958
IRS990/TotalLiabilitiesEOYAmt019708
IRS990/TotalLiabilitiesGrp/BOYAmt065958
IRS990/TotalLiabilitiesGrp/EOYAmt019708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0657171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0726376
IRS990/TotalOtherCompensationAmt022731
IRS990/TotalProgramServiceExpensesAmt0220413
IRS990/TotalProgramServiceRevenueAmt0360297
IRS990/TotalReportableCompFromOrgAmt0102231
IRS990/TotalRevenueGrp/ExclusionAmt08225
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0360297
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0561292
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0723129
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0746084
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2021Detailed filing. Detailed filing data is available for this year.$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