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← WABASH COUNTY BUSINESS ALLIANCE FOUNDATION INC

Form 990 for tax year 2022

Filed by WABASH COUNTY BUSINESS ALLIANCE FOUNDATION INC.

Totals

Total revenue
$671,219
Total expenses
$647,498
Contributions and grants received
$666,979
Grants paid
$0
Program service revenue
$0
Investment income
$4,218
Other revenue
$22
Total assets, end of year
$1,304,637
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,304,637
Program services expenses (Part IX)
$642,704
Management and general expenses
$4,794
Fundraising expenses
$0
Program service expenses (Part III)
$642,704

Program services were 99.3% 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

    $666,979

  • 3 · Investment income

    total $4,218 · excluded $4,218

  • 11a · Other revenue: MISC. INCOME

    total $22 · excluded $22

  • 11e · Other revenue, total

    $22

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $3,618 · management and general $3,618

  • 24a · Other expenses: CONTRIBUTIONS

    total $401,907 · program services $401,907

  • 24b · Other expenses: CAPITAL CAMPAIGN EXPENSES

    total $132,318 · program services $132,318

  • 24c · Other expenses: GRANT EXPENSES

    total $108,479 · program services $108,479

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $1,156 · management and general $1,156

  • 24e · All other expenses

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $382,494 · end of year $308,171

  • 2 · Savings and temporary cash investments

    beginning of year $456,347 · end of year $555,869

  • 7 · Other notes and loans receivable

    beginning of year $5,020 · end of year $3,542

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

    $457,766

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

    $20,711

  • 10c · Land, buildings and equipment, net

    beginning of year $437,055 · end of year $437,055

  • 27 · Net assets without donor restrictions

    beginning of year $750,337 · end of year $748,876

  • 28 · Net assets with donor restrictions

    beginning of year $530,579 · end of year $555,761

Mission and programs · 2022

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND INDUSTRIAL GROWTH IN WABASH COUNTY.

  • ASSISTS IN ENABLING EXPANSION OF SMALL BUSINESS IN WABASH COUNTY AND COMBATS NEIGHBORHOOD DETERIORATION BY PROMOTING STABILITY, GROWTH, AND DEVELOPMENT OF SMALL BUSINESS.

    Expenses $642,704

As filed on the 2022 return.

Listed in Part VII

  • Keith Gillenwater

    CEO/PRES

    Total calculated
    $153,950
    From this org
    $0
    From related orgs
    $153,950
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $153,950 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $153,950 related

  • Marilyn Custer-Mitchell

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brian Haupert

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Scott Long

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Adam Penrod

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202333129349301483

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