Civic Intelligence

Greater Lafayette Community Development Corporation

990 • Fiscal year 2019 • EIN 35-2128701

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 02, 2020

Organization ProfileWWW.GREATERLAFAYETTECOMMERCE.COM
PO Box 348Lafayette, IN 47902

(765) 742-4044

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

40th percentile

0.1%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$875,469

Up $649 (+0.1%) from 2018

Net Assets

Up

$875,469

Up $649 (+0.1%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin97th percentile

Revenue

Down

$769

Down $2,798 (-78%) from 2018

Expenses

Flat

$120

Flat from 2018

Net Income

Down

$649

Down $2,798 (-81%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,778,048Liabilities 2012: $705,250Net Assets 2012: $1,072,7982012Assets 2013: $1,835,993Liabilities 2013: $705,250Net Assets 2013: $1,130,7432013Assets 2014: $1,569,300Liabilities 2014: $296,222Net Assets 2014: $1,273,0782014Assets 2015: $1,468,904Liabilities 2015: $48,424Net Assets 2015: $1,420,4802015Assets 2016: $1,027,459Liabilities 2016: $4,985Net Assets 2016: $1,022,4742016Assets 2017: $871,373Liabilities 2017: $0Net Assets 2017: $871,3732017Assets 2018: $874,820Liabilities 2018: $0Net Assets 2018: $874,8202018Assets 2019: $875,469Liabilities 2019: $0Net Assets 2019: $875,4692019Assets 2020: $875,617Liabilities 2020: $0Net Assets 2020: $875,6172020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$875,469
Liabilities$0
Net Assets$875,469
Open 2019 Filing

Operations Trend

Revenue Growth2nd percentile

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

$1.0M$500K$0-$500K-$1.0MExpenses 2012: $164,8932012Revenue 2013: $244,055Expenses 2013: $186,110Net Income 2013: $57,9452013Revenue 2014: $257,792Expenses 2014: $115,457Net Income 2014: $142,3352014Revenue 2015: $263,514Expenses 2015: $116,112Net Income 2015: $147,4022015Revenue 2016: $45,254Expenses 2016: $443,260Net Income 2016: -$398,0062016Revenue 2017: $288Expenses 2017: $151,389Net Income 2017: -$151,1012017Revenue 2018: $3,567Expenses 2018: $120Net Income 2018: $3,4472018Revenue 2019: $769Expenses 2019: $120Net Income 2019: $6492019Revenue 2020: $328Expenses 2020: $180Net Income 2020: $1482020Revenue 2021: $60Expenses 2021: $875,677Net Income 2021: -$875,6172021

Highlighted filing

2019

Revenue$769
Expenses$120
Net Income$649
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 2, 2020
Return Version
2019v5.0
Gross Receipts
$769
Mission and Program Overview

Mission

Provide unified representation of the greater lafayette community for projects affecting the whole community. For further details of mission and activities, see schedule o.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$874,638$606,730▼ $267,908
Accounts Receivable$182$268,739▲ $268,557
Total Assets$874,820$875,469▲ $649
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$874,820$875,469▲ $649
Total Net Assets Fund Balance$874,820$875,469▲ $649
Total Liabilities and Net Assets / Fund Balance$874,820$875,469▲ $649
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Umesh PatelChair
Scott WalkerPresident &
Alex BluesteinDirector
Andrew BallDirector
Brad MarleyDirector
Charlie ShookDirector
Commissioner Tom MurtaughDirector
David BatheDirector
Gary LehmanDirector
Kevin RileyDirector
Mayor Chris McbarnesDirector
Mayor John DennisDirector
Mayor Tony RoswarskiDirector
Michael BuddDirector
Mitch DanielsDirector
Nate BarrettDirector
Paul MosesDirector
Rachel HazaryDirector
Stephanie LongDirector
Steve AbelDirector
Terry WilsonDirector
Thomas SorsDirector
Jim OldsSecretary
Jason BrickerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$769
Other Revenue
$0
Change in Net Assets
$649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$120-$120
Total Functional Expenses$0$120$0$120
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
See Part V--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
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed and approved by the finance committee of the board prior to being filed.”

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

“Conflict of interest statements are signed annually at designated board meetings.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the president's salary is approved by the board upon recommendation of the executive committee.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Greater Lafayette Community
EIN
35-2128701
Phone
7657424044
Address
PO BOX 348, LAFAYETTE, IN 47902

Signing Officer

Name
Scott Walker
Title
President & CEO Glc
Phone
7657424044
Signed
2020-07-02

Organization Details

Principal Officer
Umesh Patel
Formed
2001
Legal Domicile
In
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
23

Preparer

Firm
Huth Thompson Llp
Address
PO BOX 970, LAFAYETTE, IN 47902-0970
Preparer
Kimberley R Morisette
Phone
7654285000
Supplemental Narrative

Additional Explanations

Form 990

“Part i & part iii - mission and activities continued to provide community leaders for community enhancement and revitalization through intercity real estate development, browfield clean-up, loan funds, and strategic planning. To assist other not-for-profit organizations. To lessen the burdens of government in the area of new projects in the greater lafayette community. To assist community revitalization by providing loans for small businesses or real estate project identified as important to the community.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The consolidated audit report has not been issued yet for 2019. It will contain a fin 48 footnote as follows: accounting for uncertainty in income taxes requires an organization to measure, recognize, present, and disclose in its financial statements uncertain tax positions that the organization has taken or expects to take on its tax returns. The organizations recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The federal and state income tax returns of greater lafayette commerce and subsidiaries for 2019, 2018, 2017, and 2016 are subject to examination by taxingauthorities (generally for three years after they were filed).”

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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0PROVIDE UNIFIED REPRESENTATION OF THE GREATER LAFAYETTE COMMUNITY FOR PROJECTS AFFECTING THE WHOLE COMMUNITY. FOR FURTHER DETAILS OF MISSION AND ACTIVITIES, SEE SCHEDULE O.
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IRS990/PrincipalOfficerNm0UMESH PATEL
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0606730
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 2,093
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0236060
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0288
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt02093
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CONSOLIDATED AUDIT REPORT HAS NOT BEEN ISSUED YET FOR 2019. IT WILL CONTAIN A FIN 48 FOOTNOTE AS FOLLOWS: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRES AN ORGANIZATION TO MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON ITS TAX RETURNS. THE ORGANIZATIONS RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FEDERAL AND STATE INCOME TAX RETURNS OF GREATER LAFAYETTE COMMERCE AND SUBSIDIARIES FOR 2019, 2018, 2017, AND 2016 ARE SUBJECT TO EXAMINATION BY TAXINGAUTHORITIES (GENERALLY FOR THREE YEARS AFTER THEY WERE FILED).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SEE PART V
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PART IV - VARIOUS BOARD MEMBERS AND THE BUSINESSES THEY WORK FOR PROVIDE A VARIETY OF SERVICES TO THE ORGANIZATION THROUGHOUT THE YEAR. NO INDIVIDUAL TRANSACTIONS MEET THE REQUIRED REPORTING THRESHOLD.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART I & PART III - MISSION AND ACTIVITIES CONTINUED TO PROVIDE COMMUNITY LEADERS FOR COMMUNITY ENHANCEMENT AND REVITALIZATION THROUGH INTERCITY REAL ESTATE DEVELOPMENT, BROWFIELD CLEAN-UP, LOAN FUNDS, AND STRATEGIC PLANNING. TO ASSIST OTHER NOT-FOR-PROFIT ORGANIZATIONS. TO LESSEN THE BURDENS OF GOVERNMENT IN THE AREA OF NEW PROJECTS IN THE GREATER LAFAYETTE COMMUNITY. TO ASSIST COMMUNITY REVITALIZATION BY PROVIDING LOANS FOR SMALL BUSINESSES OR REAL ESTATE PROJECT IDENTIFIED AS IMPORTANT TO THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY AT DESIGNATED BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE PRESIDENT'S SALARY IS APPROVED BY THE BOARD UPON RECOMMENDATION OF THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAFAYETTE-WEST LAFAYETTE CHAMBER OF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LAFAYETTE-WEST LAFAYETTE DEVELOPMEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GREATER LAFAYETTE COMMERCE FOUNDATI
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEMBERSHIP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1COMMUNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2CHARITABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 348
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 348
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2PO BOX 348
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2LAFAYETTE
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IRS990/StatesWhereCopyOfReturnIsFldCd0IN
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$875,469
Liabilities
$0
Net assets
$875,469
Revenue
$769
Expenses
$120
Net income
$649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.88$0.88
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.00$0.15$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.02$0.05$0.44$0.40
2015Detailed filing. Detailed filing data is available for this year.$1.47$0.05$1.42$0.26$0.12$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.30$1.27$0.26$0.12$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.84$0.71$1.13$0.24$0.19$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.71$1.07$0.16