Civic Intelligence

Warren County Local Economic Development

990 • Fiscal year 2021 • EIN 35-2148564

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 16, 2022

31 N Monroe StWilliamsport, IN 47993

(765) 762-6055

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.02x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

61st percentile

15%

Higher net margin than 61% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

40th percentile

7.1%

Faster asset growth than 40% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2021

Revenue Growth

88th percentile

63%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2021

Assets

Up

$535,832

Up $26,816 (+5.3%) from 2020

Net Assets

Up

$531,811

Up $26,816 (+5.3%) from 2020

Liabilities

Flat

$4,021

Flat from 2020

Revenue

Up

$174,076

Up $57,109 (+49%) from 2020

Expenses

Up

$147,260

Up $71,861 (+95%) from 2020

Net Income

Down

$26,816

Down $14,752 (-35%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $490,748Liabilities 2015: $43,991Net Assets 2015: $446,7572015Assets 2016: $471,282Liabilities 2016: $25,234Net Assets 2016: $446,0482016Assets 2017: $486,983Liabilities 2017: $18,737Net Assets 2017: $468,2462017Assets 2018: $475,389Liabilities 2018: $4,330Net Assets 2018: $471,0592018Assets 2019: $467,448Liabilities 2019: $4,021Net Assets 2019: $463,4272019Assets 2020: $509,016Liabilities 2020: $4,021Net Assets 2020: $504,9952020Assets 2021: $535,832Liabilities 2021: $4,021Net Assets 2021: $531,8112021Assets 2022: $490,727Liabilities 2022: $3,470Net Assets 2022: $487,2572022Assets 2023: $513,126Liabilities 2023: $2,502Net Assets 2023: $510,6242023Assets 2024: $761,644Liabilities 2024: $1,704Net Assets 2024: $759,9402024

Highlighted filing

2021

Assets$535,832
Liabilities$4,021
Net Assets$531,811

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $159,876Expenses 2015: $136,163Net Income 2015: $23,7132015Revenue 2016: $65,277Expenses 2016: $65,986Net Income 2016: -$7092016Revenue 2017: $94,176Expenses 2017: $71,978Net Income 2017: $22,1982017Revenue 2018: $67,575Expenses 2018: $64,762Net Income 2018: $2,8132018Revenue 2019: $65,484Expenses 2019: $73,116Net Income 2019: -$7,6322019Revenue 2020: $116,967Expenses 2020: $75,399Net Income 2020: $41,5682020Revenue 2021: $174,076Expenses 2021: $147,260Net Income 2021: $26,8162021Revenue 2022: $170,714Expenses 2022: $215,912Net Income 2022: -$45,1982022Revenue 2023: $318,950Expenses 2023: $296,523Net Income 2023: $22,4272023Revenue 2024: $468,935Expenses 2024: $280,233Net Income 2024: $188,7022024

Highlighted filing

2021

Revenue$174,076
Expenses$147,260
Net Income$26,816
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 16, 2022
Return Version
2021v4.2
Gross Receipts
$174,076
Mission and Program Overview

Mission

Promote business in warren county including workforce development and progressive local development and provide low-interest loans for small business support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$504,995$531,811▲ $26,816
Rtn Earn Endowment Incm Other Fnds$504,995$531,811▲ $26,816
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$509,016$535,832▲ $26,816
Other Assets Total$4,021$4,021→ $0
Liabilities
Unsecured Notes Loans Payable$4,021$4,021→ $0
Total Liabilities$4,021$4,021→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$504,995$531,811▲ $26,816
Total Liabilities and Net Assets / Fund Balance$509,016$535,832▲ $26,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ben DispennettExecutive DirectorPT$84,984$84,984

Board Members and Trustees

NameTitle
Dan DucheminPresident
Kaity EberhardtVice President
Burt EtchisonBoard Member
Jane CraiginBoard Member
Steve EberlyBoard Member
John ComerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,800
Program Service Revenue
$0
Investment Income
$2,646
Other Revenue
$4,630
All Other Contributions
$6,800
Change in Net Assets
$26,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$88,446
Other Expenses$58,814
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$88,446--$88,446
All Other Expenses$14,836--$14,836
Other Expenses$3,404--$3,404
Occupancy$2,400--$2,400
Total Functional Expenses$147,260$0$0$147,260
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
Yes
Audit committee
No
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
No
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

Return was electronically mailed to the board of directors before filing. The directors reviewed the electronic copies of the return and authorized the return to be filed.

Form 990, Part VI, Section C, Line 19

The public can review the organizations governing documents and financial statements by contacting the organization.

Filing and Contact Details

Filer

Filer Name
Warren County Local Economic Development
EIN
35-2148564
Phone
7657626055
Address
31 N MONROE ST, WILLIAMSPORT, IN 47993

Signing Officer

Name
Ben Dispennett
Title
Executive Director
Phone
7654268403
Signed
2022-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Dispennett
Formed
2001
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2 EAST MAIN STREET SUITE 120, DANVILLE, IL 61834
Preparer
Phil Muehl
Phone
2174421643
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Utilities and phone: program service expenses 2,823. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,823. Professional fees: program service expenses 2,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,515. Information technology: program service expenses 2,312. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,312. Insurance: program service expenses 2,234. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,234. Payments to affiliates: program service expenses 2,185. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,185. Misc supplies: program service expenses 1,833. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,833. Conferences, conventions, and meetings: program service expenses 520. Management and general expenses 0. Fundraising expenses 0. Total expenses 520. Office expenses: program service expenses 347. Management and general expenses 0. Fundraising expenses 0. Total expenses 347. Unemployment taxes: program service expenses 67. Management and general expenses 0. Fundraising expenses 0. Total expenses 67.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN WAS ELECTRONICALLY MAILED TO THE BOARD OF DIRECTORS BEFORE FILING. THE DIRECTORS REVIEWED THE ELECTRONIC COPIES OF THE RETURN AND AUTHORIZED THE RETURN TO BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PUBLIC CAN REVIEW THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS BY CONTACTING THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UTILITIES AND PHONE: PROGRAM SERVICE EXPENSES 2,823. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,823. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 2,515. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,515. INFORMATION TECHNOLOGY: PROGRAM SERVICE EXPENSES 2,312. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,312. INSURANCE: PROGRAM SERVICE EXPENSES 2,234. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,234. PAYMENTS TO AFFILIATES: PROGRAM SERVICE EXPENSES 2,185. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,185. MISC SUPPLIES: PROGRAM SERVICE EXPENSES 1,833. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,833. CONFERENCES, CONVENTIONS, AND MEETINGS: PROGRAM SERVICE EXPENSES 520. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 520. OFFICE EXPENSES: PROGRAM SERVICE EXPENSES 347. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 347. UNEMPLOYMENT TAXES: PROGRAM SERVICE EXPENSES 67. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BEN DISPENNETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07654268403
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WARREN COUNTY LOCAL ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ORGANIZATION
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ReturnHeader/ReturnTs02022-08-16T14:05:05-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DISPENNETT
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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