Civic Intelligence

Portland Economic Development Corporation

990 • Fiscal year 2022 • EIN 35-2148198

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2023

Organization ProfileN/A
118 S Meridian St Suite BPortland, IN 47371

(260) 726-9311

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

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

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

Liabilities / Revenue

38th percentile

0.00x

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

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

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

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

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

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

Asset Growth

54th percentile

2.0%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

18th percentile

-18%

Faster revenue growth than 18% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$556,873

Up $10,791 (+2.0%) from 2021

Net Assets

Up

$556,873

Up $10,791 (+2.0%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin99th percentile

Revenue

Down

$10,791

Down $2,385 (-18%) from 2021

Expenses

Flat

$0

Flat from 2021

Net Income

Down

$10,791

Down $2,385 (-18%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$800K$600K$400K$200K$0Assets 2010: $546,842Liabilities 2010: $0Net Assets 2010: $546,8422010Assets 2011: $548,810Liabilities 2011: $0Net Assets 2011: $548,8102011Assets 2012: $548,030Liabilities 2012: $0Net Assets 2012: $548,0302012Assets 2013: $536,512Liabilities 2013: $0Net Assets 2013: $536,5122013Assets 2014: $537,817Liabilities 2014: $0Net Assets 2014: $537,8172014Assets 2015: $526,375Liabilities 2015: $0Net Assets 2015: $526,3752015Assets 2016: $532,779Liabilities 2016: $0Net Assets 2016: $532,7792016Assets 2017: $526,806Liabilities 2017: $0Net Assets 2017: $526,8062017Assets 2019: $526,306Liabilities 2019: $0Net Assets 2019: $526,3062019Assets 2021: $546,082Liabilities 2021: $0Net Assets 2021: $546,0822021Assets 2022: $556,873Liabilities 2022: $0Net Assets 2022: $556,8732022Assets 2024: $745,718Liabilities 2024: $0Net Assets 2024: $745,7182024

Highlighted filing

2022

Assets$556,873
Liabilities$0
Net Assets$556,873
Open 2022 Filing

Operations Trend

Revenue Growth18th percentile

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

$200K$100K$0-$100K-$200KExpenses 2010: $9392010Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: -$11,518Expenses 2013: $0Net Income 2013: -$11,5182013Revenue 2014: $1,305Expenses 2014: $0Net Income 2014: $1,3052014Revenue 2015: -$11,442Expenses 2015: $0Net Income 2015: -$11,4422015Revenue 2016: $6,405Expenses 2016: $0Net Income 2016: $6,4052016Revenue 2017: -$5,973Expenses 2017: $0Net Income 2017: -$5,9732017Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2021: $13,176Expenses 2021: $0Net Income 2021: $13,1762021Revenue 2022: $10,791Expenses 2022: $0Net Income 2022: $10,7912022Revenue 2024: $2,918Expenses 2024: $126,607Net Income 2024: -$123,6892024

Highlighted filing

2022

Revenue$10,791
Expenses$0
Net Income$10,791
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$18,200
Mission and Program Overview

Mission

To promote economic development within the city of portland and wayne township, jay county indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$525,004$525,004→ $0
Savings and Temporary Cash Investments$21,078$31,869▲ $10,791
Total Assets$546,082$556,873▲ $10,791
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$546,082$556,873▲ $10,791
Total Net Assets Fund Balance$546,082$556,873▲ $10,791
Total Liabilities and Net Assets / Fund Balance$546,082$556,873▲ $10,791

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0--
Land$525,004--
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Faron ParrPresident
Matt GoldsworthyVice President
Doug LoyDirector
John BoggsDirector
Josh AtkinsonDirector
Steve StocktonDirector
Tabby SprungerDirector
Travis RichardsDirector
Wes SchemenaurDirector
Shauna RunkleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$10,791
Change in Net Assets
$10,791
Expenses and Functional Allocation

Major Expense Lines

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

“The form 990 is reviewed by the governing body before filing.”

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

“The board of directors is required to read the conflict of interest policy annually. The board of directors is also required to submit annually to the board any possible conflicts. These are reviewed by the executive board.”

Form 990, Part VI, Section B, Line 15

“The organizations does not have any compensated officers, key employees or employees”

Form 990, Part VI, Section C, Line 19

“The organization make information available to the public upon request”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Matt goldsworthy - 118 s meridian st., suite a, portland, in 47371. Josh atkinson - 118 s meridian st., suite a, portland, in 47371. Faron parr - 118 s meridian st., suite a, portland, in 47371. Wes schemenaur - 118 s meridian st., suite a, portland, in 47371. Shauna runkle - 118 s meridian st., suite a, portland, in 47371. Steve stockton - 118 s meridian st., suite a, portland, in 47371. John boggs - 118 s meridian st., suite a, portland, in 47371.”

Filing and Contact Details

Filer

Filer Name
Portland Economic Development
EIN
35-2148198
Phone
2607269311
Address
118 S MERIDIAN ST SUITE B, PORTLAND, IN 47371

Signing Officer

Name
Faron Parr
Title
Officer
Phone
2607264481
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Faron Parr
Formed
2001
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Bollenbacher and Associates LLC
Address
915 N MERIDIAN STREET, PORTLAND, IN 47371
Preparer
Kalla J Caffee Ea
Phone
2607264207
Raw XML Appendix330 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS REQUIRED TO READ THE CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD OF DIRECTORS IS ALSO REQUIRED TO SUBMIT ANNUALLY TO THE BOARD ANY POSSIBLE CONFLICTS. THESE ARE REVIEWED BY THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS DOES NOT HAVE ANY COMPENSATED OFFICERS, KEY EMPLOYEES OR EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKE INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MATT GOLDSWORTHY - 118 S MERIDIAN ST., SUITE A, PORTLAND, IN 47371. JOSH ATKINSON - 118 S MERIDIAN ST., SUITE A, PORTLAND, IN 47371. FARON PARR - 118 S MERIDIAN ST., SUITE A, PORTLAND, IN 47371. WES SCHEMENAUR - 118 S MERIDIAN ST., SUITE A, PORTLAND, IN 47371. SHAUNA RUNKLE - 118 S MERIDIAN ST., SUITE A, PORTLAND, IN 47371. STEVE STOCKTON - 118 S MERIDIAN ST., SUITE A, PORTLAND, IN 47371. JOHN BOGGS - 118 S MERIDIAN ST., SUITE A, PORTLAND, IN 47371.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0118 S MERIDIAN ST SUITE B
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047371
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FARON PARR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02607264481
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PORTLAND ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PORT
ReturnHeader/Filer/EIN0352148198
ReturnHeader/Filer/PhoneNum02607269311
ReturnHeader/Filer/USAddress/AddressLine1Txt0118 S MERIDIAN ST SUITE B
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047371
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201695613
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOLLENBACHER AND ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0915 N MERIDIAN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047371
ReturnHeader/PreparerPersonGrp/PhoneNum02607264207
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KALLA J CAFFEE EA
ReturnHeader/ReturnTs02023-05-24T08:37:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FARON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PARR
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$556,873
Liabilities
$0
Net assets
$556,873
Revenue
$10,791
Expenses
$0
Net income
$10,791
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.46$0.00$7.46$0.03$1.27$1.24
2022Detailed filing. Detailed filing data is available for this year.$5.57$0.00$5.57$0.11$0.00$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.46$0.00$5.46$0.13$0.00$0.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$0.00$5.26$0.00$0.00$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.27$0.00$5.27$0.06$0.00$0.06
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$0.00$5.33$0.06$0.00$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.26$0.00$5.26$0.11$0.00$0.11
2014Detailed filing. Detailed filing data is available for this year.$5.38$0.00$5.38$0.01$0.00$0.01
2013Detailed filing. Detailed filing data is available for this year.$5.37$0.00$5.37$0.12$0.00$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$0.00$5.48$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.00$5.49$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.00$5.47$0.01