Civic Intelligence

Whitley County Economic Development Corporation

990 • Fiscal year 2022 • EIN 35-1854496

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 26, 2023

Organization ProfileWHITLEYEDC.COM
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

56th percentile

0.03x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.06x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

55th percentile

9.8%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

91st percentile

$108,769

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 24.8% of source-year revenue.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

67th percentile

6.4%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$793,725

Up $47,641 (+6.4%) from 2021

Net Assets

Up

$769,497

Up $43,121 (+5.9%) from 2021

Liabilities

Up

$24,228

Up $4,520 (+23%) from 2021

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin55th percentile

Revenue

Down

$438,133

Down $123,159 (-22%) from 2021

Expenses

Down

$395,012

Down $97,075 (-20%) from 2021

Net Income

Down

$43,121

Down $26,084 (-38%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

2022

Assets$793,725
Liabilities$24,228
Net Assets$769,497
Open 2022 Filing

Operations Trend

Revenue Growth16th percentile

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

2022

Revenue$438,133
Expenses$395,012
Net Income$43,121
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 26, 2023
Return Version
2022v5.0
Gross Receipts
$438,133
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
Savings and Temporary Cash Investments$205,003$318,152▲ $113,149
Cash and Non-Interest-Bearing Accounts$295,763$273,873▼ $21,890
Other Notes and Loans Receivable, Net$152,538$107,502▼ $45,036
Accounts Receivable$89,853$91,960▲ $2,107
Land, Buildings, and Equipment, Net$2,927$1,520▼ $1,407
Prepaid Expenses and Deferred Charges-$718-
Total Assets$746,084$793,725▲ $47,641
Liabilities
Accounts Payable and Accrued Expenses$16,011$15,714▼ $297
Deferred Revenue$3,697$8,514▲ $4,817
Total Liabilities$19,708$24,228▲ $4,520
Net Assets / Fund Balance
Net Assets With Donor Restrictions$420,632$400,632▼ $20,000
Net Assets Without Donor Restrictions$305,744$368,865▲ $63,121
Total Net Assets Fund Balance$726,376$769,497▲ $43,121
Total Liabilities and Net Assets / Fund Balance$746,084$793,725▲ $47,641

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,520$73,305$74,825
Leasehold Improvements$0$6,405$6,405
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dale BuuckEdc PresidentFT$108,769$108,769

Board Members and Trustees

NameTitle
Lisa SmithChair
Tim KumferVice Chair
Eric JungDirector
Gabe StarkeyDirector
John HalversonDirector
Tonya WeeksDirector
Laura McdermottSecretary
Trey WeberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,204
Program Service Revenue
$374,110
Investment Income
$5,819
Other Revenue
$0
All Other Contributions
$55,950
Change in Net Assets
$43,121

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
$438,133
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$438,133
Total Revenue per Form 990
$438,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$232,460
Other Expenses$162,552
Total Fundraising Expense$22,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$48,946$52,568$7,255$108,769
Other Salaries and Wages$30,631$32,898$4,540$68,069
Other Employee Benefits$16,890$18,140$2,503$37,533
Occupancy$14,040$15,079$2,081$31,200
Fees for Services Other$12,257$13,164$1,817$27,238
Payroll Taxes$5,987$6,430$887$13,304
Conferences and Meetings$4,242$4,555$629$9,426
Office Expenses$3,503$3,762$519$7,784
Information Technology$3,477$3,735$515$7,727
Fees for Services Accounting-$7,174-$7,174
Pension Plan Contributions$2,153$2,313$319$4,785
Advertising$1,653$1,775$245$3,673
Insurance-$3,252-$3,252
Travel$1,461$1,569$217$3,247
Other Expenses$5,741$1,489$673$1,489
Depreciation Depletion-$1,406-$1,406
All Other Expenses-$1,306-$1,306
Fees for Services Legal-$1,080-$1,080
Total Functional Expenses$196,242$176,570$22,200$395,012

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$395,012
Total Expenses per Audited Statements$395,012
Total Expenses per Form 990$395,012
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
Lisa Smith
Title
Chair
Phone
2602445506
Signed
2023-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa 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 443 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.

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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02081
IRS990/OccupancyGrp/ManagementAndGeneralAmt015079
IRS990/OccupancyGrp/ProgramServicesAmt014040
IRS990/OccupancyGrp/TotalAmt031200
IRS990/OfficeExpensesGrp/FundraisingAmt0519
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03762
IRS990/OfficeExpensesGrp/ProgramServicesAmt03503
IRS990/OfficeExpensesGrp/TotalAmt07784
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02503
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018140
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016890
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037533
IRS990/OtherExpensesGrp/Desc0FEES FOR SERVICE
IRS990/OtherExpensesGrp/Desc1MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc2PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0673
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04875
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11489
IRS990/OtherExpensesGrp/ProgramServicesAmt040721
IRS990/OtherExpensesGrp/ProgramServicesAmt14540
IRS990/OtherExpensesGrp/ProgramServicesAmt25741
IRS990/OtherExpensesGrp/TotalAmt040721
IRS990/OtherExpensesGrp/TotalAmt110088
IRS990/OtherExpensesGrp/TotalAmt25741
IRS990/OtherExpensesGrp/TotalAmt31489
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04540
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032898
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030631
IRS990/OtherSalariesAndWagesGrp/TotalAmt068069
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0152538
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0107502
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0887
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06430
IRS990/PayrollTaxesGrp/ProgramServicesAmt05987
IRS990/PayrollTaxesGrp/TotalAmt013304
IRS990/PensionPlanContributionsGrp/FundraisingAmt0319
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02313
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02153
IRS990/PensionPlanContributionsGrp/TotalAmt04785
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0718
IRS990/PrincipalOfficerNm0LISA 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/RelatedOrExemptFuncIncomeAmt0357637
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116073
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0357637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2400
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0192770
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08225
IRS990/PYOtherExpensesAmt0220154
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0360297
IRS990/PYRevenuesLessExpensesAmt069205
IRS990/PYSalariesCompEmpBnftPaidAmt0271933
IRS990/PYTotalExpensesAmt0492087
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0561292
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt043121
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0374110
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0205003
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0318152
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/BookValueAmt01520
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073305
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074825
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0395012
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06405
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06405
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0438133
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/TotalBookValueLandBuildingsAmt01520
IRS990ScheduleD/TotalExpensesPerForm990Amt0395012
IRS990ScheduleD/TotalRevenuePerForm990Amt0438133
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0438133
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0395012
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/TotalAssetsBOYAmt0746084
IRS990/TotalAssetsEOYAmt0793725
IRS990/TotalAssetsGrp/BOYAmt0746084
IRS990/TotalAssetsGrp/EOYAmt0793725
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt058204
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022200
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0176570
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0196242
IRS990/TotalFunctionalExpensesGrp/TotalAmt0395012
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019708
IRS990/TotalLiabilitiesEOYAmt024228
IRS990/TotalLiabilitiesGrp/BOYAmt019708
IRS990/TotalLiabilitiesGrp/EOYAmt024228
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0726376
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0769497
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0196242
IRS990/TotalProgramServiceRevenueAmt0374110
IRS990/TotalReportableCompFromOrgAmt0108769
IRS990/TotalRevenueGrp/ExclusionAmt05819
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0374110
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438133
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0746084
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0793725
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0217
IRS990/TravelGrp/ManagementAndGeneralAmt01569
IRS990/TravelGrp/ProgramServicesAmt01461
IRS990/TravelGrp/TotalAmt03247
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$793,725
Liabilities
$24,228
Net assets
$769,497
Revenue
$438,133
Expenses
$395,012
Net income
$43,121
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