Form 990 for tax year 2023
Filed by ECONOMIC DEVELOPMENT CORPORATION OF ELKHART COUNTY INC.
Totals
- Total revenue
- $566,586
- Total expenses
- $721,633
- Contributions and grants received
- $542,301
- Grants paid
- $0
- Program service revenue
- $17,616
- Investment income
- $6,669
- Other revenue
- $0
- Total assets, end of year
- $820,573
- Total liabilities, end of year
- $246,927
- Net assets or fund balances, end of year
- $573,646
- Program services expenses (Part IX)
- $389,907
- Management and general expenses
- $194,778
- Fundraising expenses
- $136,948
- Program service expenses (Part III)
- $389,907
Program services were 54.0% 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.
-
1e · Government grants (contributions)
$333,251
-
1f · All other contributions, gifts and grants
$209,050
-
2a · Program service revenue: TRAINING CLASSES
total $17,616 · related or exempt $17,616
-
3 · Investment income
total $6,669 · excluded $6,669
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $139,020 · program services $90,363 · management and general $34,755 · fundraising $13,902
-
7 · Other salaries and wages
total $257,960 · program services $131,287 · management and general $39,744 · fundraising $86,929
-
9 · Other employee benefits
total $55,280 · program services $30,902 · management and general $10,337 · fundraising $14,041
-
10 · Payroll taxes
total $30,424 · program services $17,007 · management and general $5,689 · fundraising $7,728
-
11c · Fees: accounting
total $15,662 · management and general $15,662
-
12 · Advertising and promotion
total $18,699 · program services $16,667 · management and general $324 · fundraising $1,708
-
13 · Office expenses
total $24,736 · program services $9,482 · management and general $9,792 · fundraising $5,462
-
14 · Information technology
total $36,842 · program services $19,659 · management and general $10,221 · fundraising $6,962
-
16 · Occupancy
total $56,261 · program services $12,676 · management and general $43,585
-
17 · Travel
total $11,491 · program services $11,491
-
19 · Conferences, conventions and meetings
total $720 · program services $504 · fundraising $216
-
20 · Interest
total $46 · management and general $46
-
22 · Depreciation, depletion and amortization
total $14,063 · program services $3,169 · management and general $10,894
-
23 · Insurance
total $7,126 · program services $665 · management and general $6,461
-
24a · Other expenses: MEMBERSHIP DUES
total $27,802 · program services $24,921 · management and general $2,881
-
24b · Other expenses: SUBSCRIPTIONS
total $12,379 · program services $9,284 · management and general $3,095
-
24c · Other expenses: TRAINING CLASS EXPENSE
total $11,298 · program services $11,298
-
24d · Other expenses: CONTRIBUTIONS
total $1,123 · management and general $1,123
-
24e · All other expenses
total $701 · program services $532 · management and general $169
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $152,241 · end of year $47,615
-
2 · Savings and temporary cash investments
beginning of year $542,598 · end of year $459,768
-
3 · Pledges and grants receivable
beginning of year $6,104 · end of year $14,899
-
9 · Prepaid expenses and deferred charges
beginning of year $11,050 · end of year $13,196
-
10a · Land, buildings and equipment: cost or other basis
$286,065
-
10b · Land, buildings and equipment: accumulated depreciation
$218,615
-
10c · Land, buildings and equipment, net
beginning of year $23,761 · end of year $67,450
-
15 · Other assets
beginning of year $267,555 · end of year $217,645
-
17 · Accounts payable and accrued expenses
beginning of year $56,970 · end of year $81,132
-
25 · Other liabilities
beginning of year $217,646 · end of year $165,795
-
27 · Net assets without donor restrictions
beginning of year $724,596 · end of year $569,549
-
28 · Net assets with donor restrictions
beginning of year $4,097 · end of year $4,097
Mission and programs · 2023
Mission
TO CREATE AN ECONOMICALLY VIBRANT COMMUNITY BY RECRUITING, RETAINING, AND STRENGTHENING OUR ECONOMIC BASE; BEING A CATALYST FOR DIVERSIFICATION, INNOVATION, AND ECONOMIC CHANGE. WE ACCOMPLISH OUR MISSION BY WORKING WITH COMPANIES LOOKING TO LOCATE OR EXPAND IN ELKHART COUNTY.
-
PROVIDE FOR EDUCATION AND TRAINING OF PERSONS TO ENTER WORKFORCE. TO IMPROVE ELKHART COUNTY THROUGH RESTORATION, CREATION, AND EXPANSION OF EXISTING BUSINESSES AND WORK TOWARD ATTRACTING NEW BUSINESS INTO COUNTY.
Expenses $389,907 · Revenue $17,616
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chris StagerCHRIS STAGER
PRESIDENT/CE
- Total calculated
- $141,112
- From this org
- $139,020
- From related orgs
- $0
- Other
- $2,092
- Hours/week
- 50
-
William B BurtonWILLIAM B BURTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lori StangerLORI STANGER
BOARD PRESID
- Total calculated
- $0
- Hours/week
- 1
-
Jack WelterJACK WELTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mike YoderMIKE YODER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff BeachyJEFF BEACHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David BirkyDAVID BIRKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam BujalskiADAM BUJALSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian DickersonBRIAN DICKERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rhett FisherRHETT FISHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Scott FordSCOTT FORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phil JenkinsPHIL JENKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Levon JohnsonLEVON JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jess KoscherJESS KOSCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Holly LandisHOLLY LANDIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John K LethermanJOHN K LETHERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carl RiskCARL RISK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rod RobersonROD ROBERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike StumpMIKE STUMP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gina LeichtyGINA LEICHTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clark WarnerCLARK WARNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Suzie WeirickSUZIE WEIRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim WinklerJIM WINKLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary CripeMARY CRIPE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nick KiefferNICK KIEFFER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
- 23 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202402539349301365
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