Civic Intelligence

Daviess County Economic Development Foundation Inc.

990 • Fiscal year 2020 • EIN 35-2219605

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 01, 2021

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

74th percentile

0.54x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

8.27x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

86th percentile

37%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

16th percentile

-3.0%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-8.2%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$23,412,646

Down $734,576 (-3.0%) from 2019

Net Assets

Up

$10,801,008

Up $560,743 (+5.5%) from 2019

Liabilities

Down

$12,611,638

Down $1,295,319 (-9.3%) from 2019

Revenue

Down

$1,525,565

Down $136,354 (-8.2%) from 2019

Expenses

Down

$964,822

Down $38,624 (-3.8%) from 2019

Net Income

Down

$560,743

Down $97,730 (-15%) from 2019

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

2020

Assets$23,412,646
Liabilities$12,611,638
Net Assets$10,801,008

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

2020

Revenue$1,525,565
Expenses$964,822
Net Income$560,743
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 1, 2021
Return Version
2020v4.1
Gross Receipts
$2,147,292
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$19,041,146$18,375,280▼ $665,866
Investments Program Related$2,661,525$2,667,389▲ $5,864
Other Notes and Loans Receivable, Net$1,679,838$1,482,637▼ $197,201
Cash and Non-Interest-Bearing Accounts$378,504$540,771▲ $162,267
Savings and Temporary Cash Investments$384,209$344,569▼ $39,640
Total Assets$24,147,222$23,412,646▼ $734,576
Other Assets Total$2,000$2,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,453,052$12,157,923▼ $1,295,129
Deferred Revenue$453,905$453,692▼ $213
Accounts Payable and Accrued Expenses-$23-
Total Liabilities$13,906,957$12,611,638▼ $1,295,319
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,233,249$10,794,592▲ $561,343
Net Assets With Donor Restrictions$7,016$6,416▼ $600
Total Net Assets Fund Balance$10,240,265$10,801,008▲ $560,743
Total Liabilities and Net Assets / Fund Balance$24,147,222$23,412,646▼ $734,576

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,409,024$2,632,428$17,041,452
Land$3,938,343-$3,938,343
Leasehold Improvements$27,913$145,000$172,913
Investment Program Related Org$2,667,389--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anthony GraberPresident
Kathryn HavillVice-president
Tony DuncheonSecretary
John HealyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$915,740
Program Service Revenue
$0
Investment Income
$49,374
Other Revenue
$560,451
All Other Contributions
$190,740
Change in Net Assets
$560,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$964,822
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
Interest$172,787--$172,787
Depreciation Depletion$160,051--$160,051
Occupancy$138,990--$138,990
Fees for Services Other$96,564--$96,564
Other Expenses$65,091--$65,091
Office Expenses$11,308--$11,308
Fees for Services Accounting$9,107--$9,107
Fees for Services Legal$7,539--$7,539
Advertising$6,794--$6,794
Total Functional Expenses$964,822$0$0$964,822
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 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

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
Mike Healy
Title
Treasurer
Phone
8122594543
Signed
2021-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Healy
Formed
2003
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Kemper CPA Group Llp
Address
PO BOX 501, WASHINGTON, IN 47501
Preparer
Anthony R Showalter
Phone
8122540938
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 44,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,200. Environmental study: program service expenses 19,014. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,014. Surveying: program service expenses 20,680. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,680. Other professional services: program service expenses 12,670. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,670.

Raw XML Appendix391 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/LandGrp/OtherCostOrOtherBasisAmt03938343
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027913
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0145000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0172913
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018375280
IRS990ScheduleD/TotalBookValueProgramRltdAmt02667389
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/ExplanationTxt2CONSULTING FEES: PROGRAM SERVICE EXPENSES 44,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,200. ENVIRONMENTAL STUDY: PROGRAM SERVICE EXPENSES 19,014. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,014. SURVEYING: PROGRAM SERVICE EXPENSES 20,680. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,680. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 12,670. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,670.
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 11G
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt024147222
IRS990/TotalAssetsEOYAmt023412646
IRS990/TotalAssetsGrp/BOYAmt024147222
IRS990/TotalAssetsGrp/EOYAmt023412646
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0915740
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0964822
IRS990/TotalFunctionalExpensesGrp/TotalAmt0964822
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013906957
IRS990/TotalLiabilitiesEOYAmt012611638
IRS990/TotalLiabilitiesGrp/BOYAmt013906957
IRS990/TotalLiabilitiesGrp/EOYAmt012611638
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010240265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010801008
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0964822
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0609825
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01525565
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024147222
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023412646
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 191
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047501
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE HEALY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08122594543
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-01
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/AddressLine1Txt0PO BOX 501
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047501
ReturnHeader/PreparerPersonGrp/PhoneNum08122540938
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY R SHOWALTER
ReturnHeader/ReturnTs02021-10-04T07:13:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MIKE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HEALY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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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