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← EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP INC

Form 990 for tax year 2024

Filed by EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP INC.

Totals

Total revenue
$1,562,044
Total expenses
$1,436,728
Contributions and grants received
$930,778
Grants paid
$12,000
Program service revenue
$536,164
Investment income
$34,973
Other revenue
$60,129
Total assets, end of year
$6,039,897
Total liabilities, end of year
$790,104
Net assets or fund balances, end of year
$5,249,793
Program services expenses (Part IX)
$1,207,973
Management and general expenses
$209,965
Fundraising expenses
$18,790
Program service expenses (Part III)
$1,207,973

Program services were 84.1% 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.

  • 1b · Membership dues

    $71,011

  • 1d · Related organizations

    $341,420

  • 1e · Government grants (contributions)

    $195,150

  • 1f · All other contributions, gifts and grants

    $323,197

  • 2a · Program service revenue: OTHER PROGRAM REVENUE

    total $262,482 · related or exempt $262,482

  • 2b · Program service revenue: GRANT ADMIN REVENUE

    total $140,583 · related or exempt $140,583

  • 2c · Program service revenue: SHARED SERVICES

    total $98,022 · related or exempt $98,022

  • 2d · Program service revenue: MEETING, SEMINARS & BA

    total $32,130 · related or exempt $32,130

  • 2e · Program service revenue: AFFINITY PROGRAMS

    total $2,947 · related or exempt $2,947

  • 3 · Investment income

    total $34,973 · excluded $34,973

  • 6a · Gross rents

    real property $61,846

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $61,846

  • 6d · Net rental income or loss

    total $61,846 · related or exempt $61,846

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $1,717

  • 8c · Net income from fundraising events

    total -$1,717 · excluded -$1,717

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $12,000 · program services $12,000

  • 5 · Compensation of officers, directors and key employees

    total $59,400 · program services $48,114 · management and general $11,286

  • 7 · Other salaries and wages

    total $650,688 · program services $599,147 · management and general $35,628 · fundraising $15,913

  • 8 · Pension plan contributions

    total $32,450 · program services $24,592 · management and general $7,858

  • 9 · Other employee benefits

    total $67,010 · program services $42,389 · management and general $24,621

  • 10 · Payroll taxes

    total $49,256 · program services $35,076 · management and general $14,180

  • 11b · Fees: legal

    total $7,515 · program services $7,515

  • 11c · Fees: accounting

    total $13,988 · program services $3,598 · management and general $10,390

  • 11d · Fees: lobbying

    total $16,158 · program services $16,158

  • 11g · Fees: other

    total $107,433 · program services $93,095 · management and general $14,338

  • 12 · Advertising and promotion

    total $55,662 · program services $55,662

  • 13 · Office expenses

    total $59,793 · program services $32,006 · management and general $25,214 · fundraising $2,573

  • 16 · Occupancy

    total $110,112 · program services $67,294 · management and general $42,818

  • 17 · Travel

    total $26,285 · program services $24,706 · management and general $1,579

  • 19 · Conferences, conventions and meetings

    total $42,332 · program services $40,770 · management and general $1,562

  • 20 · Interest

    total $597 · management and general $597

  • 22 · Depreciation, depletion and amortization

    total $15,203 · program services $13,116 · management and general $1,783 · fundraising $304

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $77,771 · program services $73,878 · management and general $3,893

  • 24b · Other expenses: DUES AND PUBLICATIONS

    total $16,771 · program services $14,598 · management and general $2,173

  • 24c · Other expenses: MISCELLANEOUS

    total $13,527 · program services $1,482 · management and general $12,045

  • 24d · Other expenses: COMMUNITY SUPPORT

    total $2,627 · program services $2,627

  • 24e · All other expenses

    total $150 · program services $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,393,495 · end of year $4,123,228

  • 2 · Savings and temporary cash investments

    beginning of year $583,529 · end of year $533,529

  • 3 · Pledges and grants receivable

    beginning of year $313,572 · end of year $179,676

  • 4 · Accounts receivable

    beginning of year $1,343,396 · end of year $667,768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,880 · end of year $28,816

  • 10a · Land, buildings and equipment: cost or other basis

    $1,026,037

  • 10b · Land, buildings and equipment: accumulated depreciation

    $816,467

  • 10c · Land, buildings and equipment, net

    beginning of year $223,496 · end of year $209,570

  • 15 · Other assets

    beginning of year $212,843 · end of year $297,310

  • 17 · Accounts payable and accrued expenses

    beginning of year $344,918 · end of year $372,950

  • 19 · Deferred revenue

    beginning of year $497,372 · end of year $371,481

  • 23 · Secured mortgages and notes payable

    beginning of year $10,932 · end of year $10,362

  • 25 · Other liabilities

    beginning of year $40,881 · end of year $35,311

  • 27 · Net assets without donor restrictions

    beginning of year $2,948,035 · end of year $2,951,849

  • 28 · Net assets with donor restrictions

    beginning of year $2,265,073 · end of year $2,297,944

Mission and programs · 2024

Mission

THE EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP SERVES ITS MEMBERS AND LEADS THE REGION BY FOSTERING AN INNOVATIVE BUSINESS, EDUCATIONAL, CULTURAL AND ENTREPRENEURIAL ENVIRONMENT THAT EXCELS IN A GLOBAL ECONOMY.

Activities or mission (Part I)

TO PROMOTE THE WELFARE OF THE METROPOLITAN EVANSVILLE AND SOUTHWESTERN INDIANA AREA

  • PROMOTED NEW AND EXISTING BUSINESS IN THE AREA THROUGH VARIOUS EVENTS, SUCH AS AN ANNUAL BANQUET, GOLF OUTINGS, AND LUNCHEONS WITH THE MAYOR AND GOVERNOR. PROVIDED NETWORKING OPPORTUNITIES FOR MEMBERS THROUGH BUSINESS EXCHANGES AND VARIOUS OTHER MEMBER ACTIVITIES.

    Expenses $269,126 · Revenue $11,360

  • HOSTED THE SMALL BUSINESS DEVELOPMENT CENTER, WHICH HAS PROGRAMS AND SERVICES TO ASSIST INDIVIDUALS AND COMPANIES REACH THEIR GOALS BY OFFERING: (1) FREE ONE-ON-ONE BUSINESS COUNSELING IN BUSINESS PLAN DEVELOPMENT, MARKETING, FINANCIAL PLANNING AND OTHER BUSINESS TOPICS; (2) CONFIDENTIAL CONSULTATION FOR EXISTING BUSINESS OWNERS AND NEW ENTREPRENEURS; (3) PRACTICAL SEMINARS AND WORKSHOPS ON A VARIETY OF BUSINESS TOPICS; AND (4) A WIDE SELECTION OF REFERENCE MATERIALS.

    Expenses $691,667 · Grants $12,000

  • EDUCATED MEMBERS ON ISSUES AFFECTING THEIR BUSINESS AND THE COMMUNITY. REPRESENTED MEMBERSHIP AND ADVOCATE ISSUES OF IMPORTANCE TO THE REGIONAL BUSINESS COMMUNITY AT VARIOUS LEVELS OF GOVERNMENT BY SERVING AS THE VOICE OF THE REGIONAL BUSINESS COMMUNITY. ENGAGED ITS MEMBERSHIP THROUGH POLICY COMMITTEES, A POLITICAL ACTION COMMITTEE AND SPECIAL EVENTS WITH ELECTED REPRESENTATIVES.

    Expenses $71,013 · Revenue $1,900

  • Expenses $176,167 · Revenue $584,750

As filed on the 2024 return.

Listed in Part VII

  • ADRIAN BROOKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ALEX CHANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ARIC PRYOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ART PIKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ASH TITZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BANKS BREWSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BARRY COX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BETH MCFADIN HIGGINS

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • BILL COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BILL DYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BILL SCHIRMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BRANDON SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BROCK RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHAD SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHARLES WYATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHRIS RUTLEDGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHRIS TRAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHRISTINE KECK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • CHRISTOPHER PIETRUSZKIEWICZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CURT BEGLE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • DAN SAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DANIELA VIDAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DAVE RECTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DAVID FREEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DOUG LAWSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DOUG PETITT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • DR JAMES PORTER

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • DR RONALD DEMPSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DYLAN REXING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • EVAN BECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GREG RISCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GREG WRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • HEATHER ALLYN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JACOB WEIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JAMES DEFFENDALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JARED MCINTOSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JEAN BLANTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JEFFREY HENNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JEFFREY JUSTICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JENNA RICHARDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JIM MCMURRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JIM RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JODY PEACOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOHN BRISCOE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOHN LAMB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOHNATHAN POPE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • JP ENGLEBRECHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JUSTIN ELPERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KARI FLUEGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KEN MONTGOMERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LAURA SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LISA SLADE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LUKE YAEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MATTHEW FOLZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL HEAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL O'DANIEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL SCHOPMEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • NATALIE HEDDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • NATE FOOTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • NATE HAHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • PEPPER MULHERIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • PETE PARADOSSI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • RANDY MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • STACEY MCNEILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • STEPHANIE TERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • STEVE LOEHR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • STEVE ROELLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • STEVE SHAEFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • STEVEN BRIDGES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • TAMI HACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • TIM HOLLANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LLOYD WINNECKE

    CEO

    Total calculated
    $278,673
    From this org
    $252,612
    From related orgs
    $0
    Other
    $26,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,612
    Bonus
    $0
    Other
    $0
    Deferred
    $13,858
    Nontaxable benefits
    $12,203
    Filer's total
    $278,673

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
24 July 2025
IRS schema version
2024v5.2
Source object
202542119349300834

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