Totals
- Total revenue
- $5,970,508
- Total expenses
- $3,150,531
- Contributions and grants received
- $5,532,851
- Grants paid
- $0
- Program service revenue
- $334,861
- Investment income
- $102,796
- Other revenue
- $0
- Total assets, end of year
- $9,910,687
- Total liabilities, end of year
- $2,758,429
- Net assets or fund balances, end of year
- $7,152,258
- Program services expenses (Part IX)
- $676,270
- Management and general expenses
- $2,474,261
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $676,270
Program services were 21.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$5,532,851
-
2a · Program service revenue: FEES FOR SERVICE
total $184,398 · related or exempt $184,398
-
2b · Program service revenue: PROGRAM INCOME
total $150,463 · related or exempt $150,463
-
3 · Investment income
total $102,796 · excluded $102,796
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $95,769 · management and general $95,769
-
7 · Other salaries and wages
total $260,474 · program services $19,145 · management and general $241,329
-
8 · Pension plan contributions
total $8,209 · program services $603 · management and general $7,606
-
10 · Payroll taxes
total $29,813 · program services $2,191 · management and general $27,622
-
11c · Fees: accounting
total $21,985 · management and general $21,985
-
13 · Office expenses
total $16,727 · management and general $16,727
-
16 · Occupancy
total $159,728 · program services $143,755 · management and general $15,973
-
19 · Conferences, conventions and meetings
total $4,107 · management and general $4,107
-
20 · Interest
total $127,500 · management and general $127,500
-
22 · Depreciation, depletion and amortization
total $378,873 · program services $350,568 · management and general $28,305
-
23 · Insurance
total $27,437 · program services $24,693 · management and general $2,744
-
24a · Other expenses: GRANT EXPENSES
total $1,884,594 · management and general $1,884,594
-
24b · Other expenses: PROGRAM EXPENSE
total $135,315 · program services $135,315
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $765,887 · end of year $2,610,294
-
10a · Land, buildings and equipment: cost or other basis
$9,597,780
-
10b · Land, buildings and equipment: accumulated depreciation
$2,304,497
-
10c · Land, buildings and equipment, net
beginning of year $6,814,992 · end of year $7,293,283
-
15 · Other assets
beginning of year $7,110 · end of year $7,110
-
24 · Unsecured notes and loans payable
beginning of year $3,250,000 · end of year $2,750,000
-
25 · Other liabilities
beginning of year $5,708 · end of year $8,429
-
27 · Net assets without donor restrictions
beginning of year $3,686,436 · end of year $4,832,624
-
28 · Net assets with donor restrictions
beginning of year $645,845 · end of year $2,319,634
Mission and programs · 2023
Mission
(A) TO FOSTER AND ENHANCE ECONOMIC AND COMMUNITY DEVELOPMENT IN THE CITY OF KENDALLVILLE, INDIANA (THE "CITY") AND SURROUNDING COMMUNITY; (B) TO DEVELOP AND OPERATE A COMMUNITY LEARNING CENTER (THE "CENTER") THAT WILL SERVE AS A MULTI-DISCIPLINARY EDUCATION, HEALTH AND WELLNESS HUB IN THE CITY; (C) TO SUPPORT EDUCATIONAL AND WORKFORCE PROGRAMS THAT STRENGTHEN THE CITY AND SURROUNDING COMMUNITY; (D) TO FACILITATE COORDINATION AND COLLABORATION AMONG NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES THAT UTILIZE THE CENTER'S SPACE TO PROMOTE EFFICIENCY AND GREATER CHARITABLE OUTCOMES FOR THE COMMUNITY; (E) TO SERVE AS A CENTRALIZED CONNECTION POINT FOR THE SUPPORTED ORGANIZATIONS (AS DEFINED BELOW) IN THEIR STRATEGIC AND COORDINATED EFFORTS TO COMBAT COMMUNITY DETERIORATION AND PROMOTE CIVIC REVITALIZATION; AND (F) IN FURTHERANCE OF THE AFORESAID PURPOSES, TO TRANSACT ANY AND ALL LAWFUL BUSINESS FOR WHICH CORPORATIONS MAY BE INCORPORATED UNDER THE ACT, PROVIDED SUCH BUSINESS IS NOT INCONSI
-
PROVIDE SPACE TO NON-PROFIT AGENCIES AND THE COMMUNITY.
Expenses $676,270 · Revenue $334,861
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Melissa CarpenterMELISSA CARPENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.39
-
Jordi DislerJORDI DISLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.42
-
Suzanne HandshoeSUZANNE HANDSHOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.12
-
Candice HolbrookCANDICE HOLBROOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.31
-
Thomas R LeedyTHOMAS R LEEDY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.82
-
Brian LeitchBRIAN LEITCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.28
-
Dawn McGahenDAWN MCGAHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.26
-
Robert C ProbstROBERT C PROBST
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.32
-
Lance WatersLANCE WATERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.12
-
Casey WeimerCASEY WEIMER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.35
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202402719349301205
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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