Civic Intelligence

Lagrange County Economic Development Corporation

990 • Fiscal year 2016 • EIN 80-0309463

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 01, 2017

304 N Townline Rd Rm/Ste 2Lagrange, IN 46761

(260) 499-4994

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

37th percentile

-1.2%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

44th percentile

-0.1%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,267,958

Down $1,766 (-0.1%) from 2015

Net Assets

Down

$1,265,903

Down $3,067 (-0.2%) from 2015

Liabilities

Up

$2,055

Up $1,301 (+173%) from 2015

Revenue

Down

$250,633

Down $904,471 (-78%) from 2015

Expenses

Down

$253,700

Down $47,370 (-16%) from 2015

Net Income

Down

-$3,067

Down $857,101 (-100%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $330,785Liabilities 2010: $883Net Assets 2010: $329,9022010Assets 2011: $284,761Liabilities 2011: $14,077Net Assets 2011: $270,6842011Assets 2012: $496,373Liabilities 2012: $1,067Net Assets 2012: $495,3062012Assets 2013: $400,922Liabilities 2013: $0Net Assets 2013: $400,9222013Assets 2014: $418,238Liabilities 2014: $3,302Net Assets 2014: $414,9362014Assets 2015: $1,269,724Liabilities 2015: $754Net Assets 2015: $1,268,9702015Assets 2016: $1,267,958Liabilities 2016: $2,055Net Assets 2016: $1,265,9032016Assets 2017: $1,138,048Liabilities 2017: $1,720Net Assets 2017: $1,136,3282017Assets 2018: $1,202,626Liabilities 2018: $3,657Net Assets 2018: $1,198,9692018Assets 2019: $1,189,149Liabilities 2019: $20,793Net Assets 2019: $1,168,3562019Assets 2020: $1,149,766Liabilities 2020: $9,802Net Assets 2020: $1,139,9642020Assets 2021: $1,049,299Liabilities 2021: $768Net Assets 2021: $1,048,5312021Assets 2022: $976,949Liabilities 2022: $5,488Net Assets 2022: $971,4612022Assets 2023: $960,289Liabilities 2023: $1,783Net Assets 2023: $958,5062023Assets 2024: $1,025,323Liabilities 2024: $51,148Net Assets 2024: $974,1752024

Highlighted filing

2016

Assets$1,267,958
Liabilities$2,055
Net Assets$1,265,903

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $139,4122010Expenses 2011: $258,2122011Revenue 2012: $462,998Expenses 2012: $238,596Net Income 2012: $224,4022012Revenue 2013: $238,655Expenses 2013: $332,819Net Income 2013: -$94,1642013Revenue 2014: $280,512Expenses 2014: $266,498Net Income 2014: $14,0142014Revenue 2015: $1,155,104Expenses 2015: $301,070Net Income 2015: $854,0342015Revenue 2016: $250,633Expenses 2016: $253,700Net Income 2016: -$3,0672016Revenue 2017: $255,445Expenses 2017: $385,020Net Income 2017: -$129,5752017Revenue 2018: $264,740Expenses 2018: $202,099Net Income 2018: $62,6412018Revenue 2019: $263,924Expenses 2019: $294,547Net Income 2019: -$30,6232019Revenue 2020: $264,182Expenses 2020: $292,574Net Income 2020: -$28,3922020Revenue 2021: $740,141Expenses 2021: $831,576Net Income 2021: -$91,4352021Revenue 2022: $296,020Expenses 2022: $373,090Net Income 2022: -$77,0702022Revenue 2023: $221,785Expenses 2023: $234,740Net Income 2023: -$12,9552023Revenue 2024: $276,303Expenses 2024: $260,634Net Income 2024: $15,6692024

Highlighted filing

2016

Revenue$250,633
Expenses$253,700
Net Income-$3,067
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 1, 2017
Return Version
2016v3.0
Gross Receipts
$252,018
Mission and Program Overview

Mission

The lagrange county economic development corporation is the single point of contact for economic development efforts in lagrange county, indiana. We work with regional, state and federal partners to support and encourgage our clients' business development endeavors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,044,464$870,790▼ $173,674
Savings and Temporary Cash Investments$216,038$329,016▲ $112,978
Other Notes and Loans Receivable, Net-$50,000-
Land, Buildings, and Equipment, Net$8,972$10,802▲ $1,830
Accounts Receivable$250$7,350▲ $7,100
Total Assets$1,269,724$1,267,958▼ $1,766
Liabilities
Accounts Payable and Accrued Expenses$754$2,055▲ $1,301
Total Liabilities$754$2,055▲ $1,301
Net Assets / Fund Balance
Unrestricted Net Assets$1,043,132$1,049,876▲ $6,744
Temporarily Rstr Net Assets$225,838$216,027▼ $9,811
Total Net Assets Fund Balance$1,268,970$1,265,903▼ $3,067
Total Liabilities and Net Assets / Fund Balance$1,269,724$1,267,958▼ $1,766

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,802$9,632$20,434
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark LeuChairman
Anu SahmiDirector
Charles AshcraftDirector
Erica CookDirector
John HeimDirector
John LarimerDirector
Mark EaglesonDirector
W F ConnellyDirector
Bob ShanahanMember
Chris GoodMember
Fritz SchlabachMember
Jason BoggsMember
Jeff BrillMember
Terry MartinMember
Jordi DislerSecretary
Joe UrbanskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$107,179
Program Service Revenue
$140,263
Investment Income
$2,891
Other Revenue
$300
All Other Contributions
$107,179
Change in Net Assets
$-3,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$144,676
Other Expenses$109,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,097--$123,097
Travel$25,140--$25,140
Fees for Services Other$17,360$1,797-$19,157
All Other Expenses$10,525$3,343-$13,868
Other Employee Benefits$12,301--$12,301
Payroll Taxes$9,278--$9,278
Fees for Services Lobbying$8,800--$8,800
Advertising$7,118--$7,118
Other Expenses$2,482$2,482-$4,964
Insurance-$2,723-$2,723
Depreciation Depletion$1,785--$1,785
Fees for Services Accounting-$1,324-$1,324
Fees for Services Legal$573--$573
Office Expenses$401--$401
Interest$9--$9
Total Functional Expenses$231,185$22,515$0$253,700
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
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 11B

Form 990 is reviewed by the executive director and treasurer and officers of the board prior to submission.

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

Members of the board require employees and members of the board to disclose conflicts of interest annually. Members of the board are also required to disclose any potential conflict of interest with the organization immeidately to the executive director.

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

All compensation adjustment is voted by the board of directors. The person considered of such increases or other personnel issues are not allowed to vote and generally are not included in the direct discussion of the issues at hand. Compensation is discussed by officers of the board of directors prior to approval by the board. Discussions include performance, rate of salary comparable to other directors of similar organizations in the surrounding area.

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

All compensation adjustment is voted by the board of directors. The person considered of such increases or other personnel issues are not allowed to vote and generally are not included in the direct discussion of the issues at hand.

Form 990, Page 6, Part VI, Line 19

The public may request any copies of form 990 and they will be supplied by request only.

Filing and Contact Details

Filer

Filer Name
Lagrange County Economic
EIN
80-0309463
Phone
2604994994
Address
304 N TOWNLINE RD RM/STE 2, LAGRANGE, IN 46761

Signing Officer

Name
Mark Leu
Title
Chairman
Phone
2604994994
Signed
2017-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Leu
Formed
2009
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
15

Preparer

Firm
Fry Trowbridge & Associates Pc
Address
800 SOUTH DETROIT STREET, LAGRANGE, IN 46761
Preparer
Randy D Fry CPA Cva
Phone
2604632390
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The lagrange county economic development corporation is the single point of contact for economic development efforts in lagrange county, indiana. We work with regional, state and federal partners to support and encourgage our clients' business development endeavors.

Form 990, Page 2, Part III, Line 4D

The purpose is to hire the executive director to manage the primary purpose and the equipment to be able to effectively operate the primary purpose.

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IRS990/MissionDesc0THE LAGRANGE COUNTY ECONOMIC DEVELOPMENT CORPORATION IS THE SINGLE POINT OF CONTACT FOR ECONOMIC DEVELOPMENT EFFORTS IN LAGRANGE COUNTY, INDIANA. WE WORK WITH REGIONAL, STATE AND FEDERAL PARTNERS TO SUPPORT AND ENCOURGAGE OUR CLIENTS' BUSINESS DEVELOPMENT ENDEAVORS.
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE PURPOSE IS TO HIRE THE EXECUTIVE DIRECTOR TO MANAGE THE PRIMARY PURPOSE AND THE EQUIPMENT TO BE ABLE TO EFFECTIVELY OPERATE THE PRIMARY PURPOSE.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0280380
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0233899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0458922
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0109
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01652
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01314
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08006
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0140263
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0107179
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01341054
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt02762
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt041406
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010802
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09632
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt020434
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010802
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LAGRANGE COUNTY ECONOMIC DEVELOPMENT CORPORATION IS THE SINGLE POINT OF CONTACT FOR ECONOMIC DEVELOPMENT EFFORTS IN LAGRANGE COUNTY, INDIANA. WE WORK WITH REGIONAL, STATE AND FEDERAL PARTNERS TO SUPPORT AND ENCOURGAGE OUR CLIENTS' BUSINESS DEVELOPMENT ENDEAVORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PURPOSE IS TO HIRE THE EXECUTIVE DIRECTOR TO MANAGE THE PRIMARY PURPOSE AND THE EQUIPMENT TO BE ABLE TO EFFECTIVELY OPERATE THE PRIMARY PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER AND OFFICERS OF THE BOARD PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE BOARD REQUIRE EMPLOYEES AND MEMBERS OF THE BOARD TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY. MEMBERS OF THE BOARD ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST WITH THE ORGANIZATION IMMEIDATELY TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL COMPENSATION ADJUSTMENT IS VOTED BY THE BOARD OF DIRECTORS. THE PERSON CONSIDERED OF SUCH INCREASES OR OTHER PERSONNEL ISSUES ARE NOT ALLOWED TO VOTE AND GENERALLY ARE NOT INCLUDED IN THE DIRECT DISCUSSION OF THE ISSUES AT HAND. COMPENSATION IS DISCUSSED BY OFFICERS OF THE BOARD OF DIRECTORS PRIOR TO APPROVAL BY THE BOARD. DISCUSSIONS INCLUDE PERFORMANCE, RATE OF SALARY COMPARABLE TO OTHER DIRECTORS OF SIMILAR ORGANIZATIONS IN THE SURROUNDING AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL COMPENSATION ADJUSTMENT IS VOTED BY THE BOARD OF DIRECTORS. THE PERSON CONSIDERED OF SUCH INCREASES OR OTHER PERSONNEL ISSUES ARE NOT ALLOWED TO VOTE AND GENERALLY ARE NOT INCLUDED IN THE DIRECT DISCUSSION OF THE ISSUES AT HAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PUBLIC MAY REQUEST ANY COPIES OF FORM 990 AND THEY WILL BE SUPPLIED BY REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAGRANGE COUNTY ECONOMIC PARTNERHIP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0460996195
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVLOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0304 N TOWNLINE RD SUITE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAGRANGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046761
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0225838
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0216027
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01269724
IRS990/TotalAssetsEOYAmt01267958
IRS990/TotalAssetsGrp/BOYAmt01269724
IRS990/TotalAssetsGrp/EOYAmt01267958
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0107179
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231185
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253700
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0754
IRS990/TotalLiabilitiesEOYAmt02055

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.05$0.97$0.28$0.26$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.22$0.23$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.01$0.97$0.30$0.37$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.74$0.83$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$0.26$0.29$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.02$1.17$0.26$0.29$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.26$0.20$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.26$0.39$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.25$0.25$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$1.16$0.30$0.85
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.41$0.28$0.27$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.24$0.33$0.09
2012Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.46$0.24$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.27$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.14