Civic Intelligence

Daviess County Economic Development Foundation Inc.

990 • Fiscal year 2015 • EIN 35-2219605

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 26, 2016

PO Box 191Washington, IN 47501

(812) 254-1500

Siviq Scores

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

Liabilities / Assets

79th percentile

0.65x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

9.88x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

89th percentile

27%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

55%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$20,216,579

Up $4,261,151 (+27%) from 2014

Net Assets

Up

$7,108,736

Up $211,956 (+3.1%) from 2014

Liabilities

Up

$13,107,843

Up $4,049,195 (+45%) from 2014

Revenue

Up

$1,327,225

Up $472,318 (+55%) from 2014

Expenses

Up

$1,115,269

Up $196,702 (+21%) from 2014

Net Income

Up

$211,956

Up $275,616 (+433%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,946,145Liabilities 2010: $4,627Net Assets 2010: $5,941,5182010Assets 2011: $10,953,816Liabilities 2011: $4,731,016Net Assets 2011: $6,222,8002011Assets 2012: $10,803,092Liabilities 2012: $4,595,822Net Assets 2012: $6,207,2702012Assets 2013: $13,458,469Liabilities 2013: $6,498,031Net Assets 2013: $6,960,4382013Assets 2014: $15,955,428Liabilities 2014: $9,058,648Net Assets 2014: $6,896,7802014Assets 2015: $20,216,579Liabilities 2015: $13,107,843Net Assets 2015: $7,108,7362015Assets 2016: $25,903,368Liabilities 2016: $19,014,455Net Assets 2016: $6,888,9132016Assets 2017: $28,490,379Liabilities 2017: $18,600,372Net Assets 2017: $9,890,0072017Assets 2018: $25,921,601Liabilities 2018: $16,339,809Net Assets 2018: $9,581,7922018Assets 2019: $24,147,222Liabilities 2019: $13,906,957Net Assets 2019: $10,240,2652019Assets 2020: $23,412,646Liabilities 2020: $12,611,638Net Assets 2020: $10,801,0082020Assets 2021: $21,542,213Liabilities 2021: $9,908,427Net Assets 2021: $11,633,7862021Assets 2022: $20,819,856Liabilities 2022: $8,538,093Net Assets 2022: $12,281,7632022Assets 2023: $17,992,630Liabilities 2023: $8,759,408Net Assets 2023: $9,233,2222023Assets 2024: $13,390,352Liabilities 2024: $7,024,032Net Assets 2024: $6,366,3202024

Highlighted filing

2015

Assets$20,216,579
Liabilities$13,107,843
Net Assets$7,108,736

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $546,3612010Expenses 2011: $453,1212011Expenses 2012: $805,0302012Revenue 2013: $1,791,675Expenses 2013: $1,038,507Net Income 2013: $753,1682013Revenue 2014: $854,907Expenses 2014: $918,567Net Income 2014: -$63,6602014Revenue 2015: $1,327,225Expenses 2015: $1,115,269Net Income 2015: $211,9562015Revenue 2016: $1,330,157Expenses 2016: $1,549,280Net Income 2016: -$219,1232016Revenue 2017: $4,114,776Expenses 2017: $1,113,682Net Income 2017: $3,001,0942017Revenue 2018: $1,018,097Expenses 2018: $1,326,312Net Income 2018: -$308,2152018Revenue 2019: $1,661,919Expenses 2019: $1,003,446Net Income 2019: $658,4732019Revenue 2020: $1,525,565Expenses 2020: $964,822Net Income 2020: $560,7432020Revenue 2021: $1,842,581Expenses 2021: $1,009,803Net Income 2021: $832,7782021Revenue 2022: $1,463,139Expenses 2022: $815,162Net Income 2022: $647,9772022Revenue 2023: -$2,314,179Expenses 2023: $695,117Net Income 2023: -$3,009,2962023Revenue 2024: -$1,410,486Expenses 2024: $1,456,416Net Income 2024: -$2,866,9022024

Highlighted filing

2015

Revenue$1,327,225
Expenses$1,115,269
Net Income$211,956
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 26, 2016
Return Version
2015v2.1
Gross Receipts
$2,058,902
Mission and Program Overview

Mission

Job training & workforce development programs

Exclusively to benefit, carry out, and perform the exclusively charitable, scientific, and educational purposes of the "supported organization"

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,089,742$14,062,212▲ $3,972,470
Other Notes and Loans Receivable, Net$3,306,136$4,450,048▲ $1,143,912
Savings and Temporary Cash Investments$2,361,579$919,872▼ $1,441,707
Cash and Non-Interest-Bearing Accounts$197,221$762,233▲ $565,012
Total Assets$15,955,428$20,216,579▲ $4,261,151
Other Assets Total$750$22,214▲ $21,464
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,583,524$12,639,998▲ $4,056,474
Deferred Revenue$473,431$466,150▼ $7,281
Accounts Payable and Accrued Expenses$1,693$1,695▲ $2
Total Liabilities$9,058,648$13,107,843▲ $4,049,195
Net Assets / Fund Balance
Unrestricted Net Assets$6,896,780$7,047,944▲ $151,164
Temporarily Rstr Net Assets$0$60,792▲ $60,792
Total Net Assets Fund Balance$6,896,780$7,108,736▲ $211,956
Total Liabilities and Net Assets / Fund Balance$15,955,428$20,216,579▲ $4,261,151

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,403,336$1,144,293$11,547,629
Land$3,606,702-$3,606,702
Equipment$52,174$305,157$357,331
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tony GraberPresident
PHIL O'HAVERVice-president
Michael ChestnutTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$364,387
Program Service Revenue
$250,735
Investment Income
$252,822
Other Revenue
$459,281
All Other Contributions
$59,060
Change in Net Assets
$211,956

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,643,073
Revenue Not Reported on Financial Statements
$-315,848
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,643,073
Total Revenue per Form 990
$1,327,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,068,607
Salaries, Compensation, and Employee Benefits$46,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$278,056--$278,056
Fees for Services Other$138,063--$138,063
Advertising$99,223--$99,223
Occupancy$80,825--$80,825
Fees for Services Legal$49,234--$49,234
Other Salaries and Wages$41,702--$41,702
Depreciation Depletion$37,756--$37,756
Other Expenses$17,893--$17,893
Office Expenses$17,795--$17,795
Fees for Services Accounting$15,775--$15,775
Travel$9,930--$9,930
Payroll Taxes$3,833--$3,833
Other Employee Benefits$1,127--$1,127
Total Functional Expenses$1,115,269$0$0$1,115,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,431,117
Total Expenses per Audited Statements$1,431,117
Total Expenses per Form 990$1,115,269
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-315,848
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 11

President reviews tax return.

Form 990, Part VI, Section C, Line 19

Anyone can contact the president and request the organization's records to be reviewed at the accountant's office.

Filing and Contact Details

Filer

Filer Name
Daviess County Economic Development
EIN
35-2219605
Phone
8122541500
Address
PO BOX 191, WASHINGTON, IN 47501

Signing Officer

Name
PHIL O'HAVER
Title
Vice President
Phone
8126987298
Signed
2016-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
PHIL O'HAVER
Formed
2003
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Kemper CPA Group Llp
Address
515 E SOUTH STREET, WASHINGTON, IN 47501
Preparer
Anthony R Showalter
Phone
8122540938
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional services: program service expenses 138,063. Management and general expenses 0. Fundraising expenses 0. Total expenses 138,063.

Form 990, Part XII, Line 2C

No change in process, board of directors oversee audit process.

Raw XML Appendix398 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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IRS990ScheduleD/InvestmentExpensesNotIncldAmt0-315848
IRS990ScheduleD/LandGrp/BookValueAmt03606702
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03606702
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-315848
IRS990ScheduleD/RevenueSubtotalAmt01643073
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014062212
IRS990ScheduleD/TotalExpensesPerForm990Amt01115269
IRS990ScheduleD/TotalRevenuePerForm990Amt01327225
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01643073
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01431117
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT REVIEWS TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANYONE CAN CONTACT THE PRESIDENT AND REQUEST THE ORGANIZATION'S RECORDS TO BE REVIEWED AT THE ACCOUNTANT'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 138,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,063.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE IN PROCESS, BOARD OF DIRECTORS OVERSEE AUDIT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0COMMON MEMBERS AND BOARD OF DIRECTORS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DAVIESS COUNTY ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0351810212
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EXPAND ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd047501
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt060792
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015955428
IRS990/TotalAssetsEOYAmt020216579
IRS990/TotalAssetsGrp/BOYAmt015955428
IRS990/TotalAssetsGrp/EOYAmt020216579
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0364387
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01115269
IRS990/TotalFunctionalExpensesGrp/TotalAmt01115269
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09058648
IRS990/TotalLiabilitiesEOYAmt013107843
IRS990/TotalLiabilitiesGrp/BOYAmt09058648
IRS990/TotalLiabilitiesGrp/EOYAmt013107843
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06896780
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07108736
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0150933
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0150933
IRS990/TotalProgramServiceExpensesAmt01115269
IRS990/TotalProgramServiceRevenueAmt0250735
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0962838
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01327225
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015955428
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020216579
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt09930
IRS990/TravelGrp/TotalAmt09930
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06896780
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07047944
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt034 MORNINGSIDE DRIVE
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047501
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL O'HAVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08126987298
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVIESS COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0352219605
ReturnHeader/Filer/PhoneNum08122541500
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 191
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0370818432
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEMPER CPA GROUP LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0515 E SOUTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047501
ReturnHeader/PreparerPersonGrp/PhoneNum08122540938
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY R SHOWALTER
ReturnHeader/ReturnTs02016-11-15T07:32:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$7.02$6.37$1.41$1.46$2.87
2023Detailed filing. Detailed filing data is available for this year.$18.0$8.76$9.23$2.31$0.70$3.01
2022Detailed filing. Detailed filing data is available for this year.$20.8$8.54$12.3$1.46$0.82$0.65
2021Detailed filing. Detailed filing data is available for this year.$21.5$9.91$11.6$1.84$1.01$0.83
2020Detailed filing. Detailed filing data is available for this year.$23.4$12.6$10.8$1.53$0.96$0.56
2019Detailed filing. Detailed filing data is available for this year.$24.1$13.9$10.2$1.66$1.00$0.66
2018Detailed filing. Detailed filing data is available for this year.$25.9$16.3$9.58$1.02$1.33$0.31
2017Detailed filing. Detailed filing data is available for this year.$28.5$18.6$9.89$4.11$1.11$3.00
2016Detailed filing. Detailed filing data is available for this year.$25.9$19.0$6.89$1.33$1.55$0.22
2015Detailed filing. Detailed filing data is available for this year.$20.2$13.1$7.11$1.33$1.12$0.21
2014Detailed filing. Detailed filing data is available for this year.$16.0$9.06$6.90$0.85$0.92$0.06
2013Detailed filing. Detailed filing data is available for this year.$13.5$6.50$6.96$1.79$1.04$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$4.60$6.21$0.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$4.73$6.22$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$0.00$5.94$0.55