Civic Intelligence

Dekalb County Economic Development Partnership Inc.

990 • Fiscal year 2022 • EIN 36-4577514

Jan 01, 2022 to Dec 31, 2022 • Filed on May 25, 2023

112 S Jackson StreetAuburn, IN 46706

(260) 927-1180

Siviq Scores

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

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

18th percentile

-22%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

98th percentile

$91,853

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 32.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

20th percentile

-23%

Faster asset growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

-4.4%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$201,703

Down $60,567 (-23%) from 2021

Net Assets

Down

$198,729

Down $63,541 (-24%) from 2021

Liabilities

Up

$2,974

Up $2,974 from 2021

Revenue

Down

$283,907

Down $13,042 (-4.4%) from 2021

Expenses

Up

$347,448

Up $45,094 (+15%) from 2021

Net Income

Down

-$63,541

Down $58,136 (-1076%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $157,124Net Assets 2014: $157,1242014Assets 2015: $201,723Net Assets 2015: $201,7232015Assets 2016: $201,422Net Assets 2016: $201,4222016Assets 2017: $217,810Net Assets 2017: $217,8102017Assets 2018: $225,623Net Assets 2018: $225,6232018Assets 2019: $215,750Net Assets 2019: $215,7502019Assets 2020: $267,675Liabilities 2020: $0Net Assets 2020: $267,6752020Assets 2021: $262,270Liabilities 2021: $0Net Assets 2021: $262,2702021Assets 2022: $201,703Liabilities 2022: $2,974Net Assets 2022: $198,7292022Assets 2023: $236,970Liabilities 2023: $1,261Net Assets 2023: $235,7092023Assets 2024: $321,756Liabilities 2024: $348Net Assets 2024: $321,4082024

Highlighted filing

2022

Assets$201,703
Liabilities$2,974
Net Assets$198,729

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $182,370Expenses 2014: $141,668Net Income 2014: $40,7022014Revenue 2015: $194,339Expenses 2015: $149,738Net Income 2015: $44,6012015Revenue 2016: $176,281Expenses 2016: $176,581Net Income 2016: -$3002016Revenue 2017: $156,585Expenses 2017: $140,197Net Income 2017: $16,3882017Revenue 2018: $181,452Expenses 2018: $173,638Net Income 2018: $7,8142018Revenue 2019: $182,884Expenses 2019: $192,756Net Income 2019: -$9,8722019Revenue 2020: $253,713Expenses 2020: $201,788Net Income 2020: $51,9252020Revenue 2021: $296,949Expenses 2021: $302,354Net Income 2021: -$5,4052021Revenue 2022: $283,907Expenses 2022: $347,448Net Income 2022: -$63,5412022Revenue 2023: $337,435Expenses 2023: $300,455Net Income 2023: $36,9802023Revenue 2024: $342,757Expenses 2024: $257,058Net Income 2024: $85,6992024

Highlighted filing

2022

Revenue$283,907
Expenses$347,448
Net Income-$63,541
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 25, 2023
Return Version
2022v5.0
Gross Receipts
$283,907
Mission and Program Overview

Mission

The mission of the dekalb county economic development partnership is to improve the quality of life for the citizens of dekalb county, indiana, through enhanced employment opportunities resulting from the responsible growth and retention of business and industry.

Were on a mission to improve the quality of life for the citizens of dekalb county through the responsible growth of business and industry. Our vision is to facilitate investment into making dekalb county a premier economic driver in northeast indiana and in the greater midwest region of the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$237,513$145,296▼ $92,217
Cash and Non-Interest-Bearing Accounts$23,761$45,411▲ $21,650
Accounts Receivable$996$10,996▲ $10,000
Total Assets$262,270$201,703▼ $60,567
Liabilities
Accounts Payable and Accrued Expenses-$2,974-
Total Liabilities$0$2,974▲ $2,974
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$262,270$198,729▼ $63,541
Total Net Assets Fund Balance$262,270$198,729▼ $63,541
Total Liabilities and Net Assets / Fund Balance$262,270$201,703▼ $60,567

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$10,190$10,190
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anthony KingPresident/ceFT$91,853$91,853

Board Members and Trustees

NameTitle
Jack BercawPresident
Amy DemskeMember
Brent ShullMember
Corey SchoonMember
Danielle AldrichMember
Darrick BrinkerhoffMember
Mike HasselmanMember
Mike LeyMember
Rudi EidamMember
Vivian LikesMember
James MccannaMember - Fou
Mary SimcoxSecretary
Aaron SchafferTreasurer
Pam HowardVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$99,710
Program Service Revenue
$183,831
Investment Income
$255
Other Revenue
$111
All Other Contributions
$99,710
Change in Net Assets
$-63,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,141
Other Expenses$140,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$23,926$76,465-$100,391
Current Officers, Directors, Trustees, and Key Employees$91,853--$91,853
Office Expenses$46,260--$46,260
Occupancy$18,759$15,658-$34,417
Payroll Taxes$8,857$6,040-$14,897
Travel$5,425--$5,425
Advertising$5,306--$5,306
Depreciation Depletion$5,095--$5,095
Conferences and Meetings$126$4,379-$4,505
Insurance-$3,052-$3,052
Fees for Services Accounting-$2,575-$2,575
Information Technology-$2,252-$2,252
Other Expenses$2,138$1,948-$2,138
All Other Expenses$1,797--$1,797
Interest$40--$40
Total Functional Expenses$235,079$112,369$0$347,448
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
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 4

In 2022 dekalb county economic development partnership, inc. Updated their by-laws with a new vision and an additional purpose of the corporation. The section(s) referring to the "executive director", was updated to reflect the new title of "president/ceo". In regard to the financial statements, we utilize a soft review, which was approved by the board of directors in the by-law changes.

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

The 990 is reviewed by the board treasurer.

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

Annually, employees and directors must read the written conflict of interest policy and disclose interests that could give rise to conflicts. All potential conflicts of interest are vetted by the board of directors and, if considered necessary, the board member will abstain from any decisions concerning the parties involved, either directly or indirectly, with the conflict of interest. In addition, new board members are required to sign off on the conflicts of interest policy.

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

Compensation determined by board of directors after evaluation and review of comparability data (regional wage & benefit survey comprised of regional economic development organizations).

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Dekalb County Economic Development
EIN
36-4577514
Phone
2609271180
Address
112 S JACKSON STREET, AUBURN, IN 46706

Signing Officer

Name
Anthony King
Title
President/CEO
Phone
2609271180
Signed
2023-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony King
Formed
2005
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
4

Preparer

Firm
Hamil Lehman & England Pc
Address
6404 CONSTITUTION DRIVE, FORT WAYNE, IN 46804
Preparer
Corinna L England CPA
Phone
2604341852
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Were on a mission to improve the quality of life for the citizens of dekalb county through the responsible growth of business and industry. Our vision is to facilitate investment into making dekalb county a premier economic driver in northeast indiana and in the greater midwest region of the united states.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CASH REWARDS REDEMPTION 486
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WERE ON A MISSION TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF DEKALB COUNTY THROUGH THE RESPONSIBLE GROWTH OF BUSINESS AND INDUSTRY. OUR VISION IS TO FACILITATE INVESTMENT INTO MAKING DEKALB COUNTY A PREMIER ECONOMIC DRIVER IN NORTHEAST INDIANA AND IN THE GREATER MIDWEST REGION OF THE UNITED STATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN 2022 DEKALB COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, INC. UPDATED THEIR BY-LAWS WITH A NEW VISION AND AN ADDITIONAL PURPOSE OF THE CORPORATION. THE SECTION(S) REFERRING TO THE "EXECUTIVE DIRECTOR", WAS UPDATED TO REFLECT THE NEW TITLE OF "PRESIDENT/CEO". IN REGARD TO THE FINANCIAL STATEMENTS, WE UTILIZE A SOFT REVIEW, WHICH WAS APPROVED BY THE BOARD OF DIRECTORS IN THE BY-LAW CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE BOARD TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, EMPLOYEES AND DIRECTORS MUST READ THE WRITTEN CONFLICT OF INTEREST POLICY AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL POTENTIAL CONFLICTS OF INTEREST ARE VETTED BY THE BOARD OF DIRECTORS AND, IF CONSIDERED NECESSARY, THE BOARD MEMBER WILL ABSTAIN FROM ANY DECISIONS CONCERNING THE PARTIES INVOLVED, EITHER DIRECTLY OR INDIRECTLY, WITH THE CONFLICT OF INTEREST. IN ADDITION, NEW BOARD MEMBERS ARE REQUIRED TO SIGN OFF ON THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION DETERMINED BY BOARD OF DIRECTORS AFTER EVALUATION AND REVIEW OF COMPARABILITY DATA (REGIONAL WAGE & BENEFIT SURVEY COMPRISED OF REGIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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