Civic Intelligence

Lagrange County Economic Development Corporation

990 • Fiscal year 2018 • EIN 80-0309463

Jan 01, 2018 to Dec 31, 2018 • Filed on May 02, 2019

Organization ProfileWWW.LAGRANGECOUNTYEDC.COM
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

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

64th percentile

5.7%

Faster asset growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

3.6%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$1,202,626

Up $64,578 (+5.7%) from 2017

Net Assets

Up

$1,198,969

Up $62,641 (+5.5%) from 2017

Liabilities

Up

$3,657

Up $1,937 (+113%) from 2017

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin80th percentile

Revenue

Up

$264,740

Up $9,295 (+3.6%) from 2017

Expenses

Down

$202,099

Down $182,921 (-48%) from 2017

Net Income

Up

$62,641

Up $192,216 (+148%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

2018

Assets$1,202,626
Liabilities$3,657
Net Assets$1,198,969
Open 2018 Filing

Operations Trend

Revenue Growth50th percentile

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

2018

Revenue$264,740
Expenses$202,099
Net Income$62,641
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 2, 2019
Return Version
2018v3.1
Gross Receipts
$264,740
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
Savings and Temporary Cash Investments$187,516$1,019,911▲ $832,395
Cash and Non-Interest-Bearing Accounts$865,541$120,742▼ $744,799
Other Notes and Loans Receivable, Net$50,000$50,000→ $0
Land, Buildings, and Equipment, Net$11,141$9,973▼ $1,168
Accounts Receivable$22,250$2,000▼ $20,250
Prepaid Expenses and Deferred Charges$1,600--
Total Assets$1,138,048$1,202,626▲ $64,578
Liabilities
Accounts Payable and Accrued Expenses$1,720$3,657▲ $1,937
Total Liabilities$1,720$3,657▲ $1,937
Net Assets / Fund Balance
Unrestricted Net Assets$920,301$982,942▲ $62,641
Temporarily Rstr Net Assets$216,027$216,027→ $0
Total Net Assets Fund Balance$1,136,328$1,198,969▲ $62,641
Total Liabilities and Net Assets / Fund Balance$1,138,048$1,202,626▲ $64,578

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,256$13,112$18,368
Leasehold Improvements$4,717$283$5,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Mark EaglesonChairman
Mervin LehmanVice Chairma
Anu SahniDirector
Charles AshcraftDirector
John LarimerDirector
Mark LeuDirector
Bob ShanahanMember
Dana BerkesMember
Fritz SchlabachMember
Jason BoggsMember
Jeff BrillMember
Jeremy BurgiMember
Mike EsselburnMember
Robbie MillerMember
Stewart BenderMember
Terry MartinMember
Jordi DislerSecretary
Tj KempfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$83,442
Program Service Revenue
$142,263
Investment Income
$16,349
Other Revenue
$22,686
All Other Contributions
$83,442
Change in Net Assets
$62,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$124,073
Other Expenses$78,026
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,388--$58,388
Current Officers, Directors, Trustees, and Key Employees$45,019--$45,019
Fees for Services Accounting-$18,141-$18,141
Fees for Services Other$13,700--$13,700
Other Employee Benefits$13,151--$13,151
Advertising$10,967--$10,967
Fees for Services Legal$9,365--$9,365
Occupancy$7,796--$7,796
Payroll Taxes$7,515--$7,515
Travel$4,308--$4,308
Insurance-$2,864-$2,864
All Other Expenses$1,021$216-$1,237
Depreciation Depletion$1,168--$1,168
Other Expenses$851--$851
Office Expenses$767--$767
Interest$40--$40
Total Functional Expenses$180,878$21,221$0$202,099
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 Eagleson
Title
Chairman
Phone
2604994994
Signed
2019-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Eagleson
Formed
2009
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
4

Preparer

Firm
Fry Trowbridge & Associates Pc
Address
800 SOUTH DETROIT STREET, LAGRANGE, IN 46761
Preparer
Randy D Fry CPA Cva Cgma
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/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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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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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,202,626
Liabilities
$3,657
Net assets
$1,198,969
Revenue
$264,740
Expenses
$202,099
Net income
$62,641
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