Form 990 for tax year 2023
Filed by STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $537,646
- Total expenses
- $615,285
- Contributions and grants received
- $258,774
- Grants paid
- $0
- Program service revenue
- $257,355
- Investment income
- $12,444
- Other revenue
- $9,073
- Total assets, end of year
- $986,211
- Total liabilities, end of year
- $22,655
- Net assets or fund balances, end of year
- $963,556
- Program services expenses (Part IX)
- $302,970
- Management and general expenses
- $312,315
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $302,970
Program services were 49.2% 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
$107,350
-
1e · Government grants (contributions)
$151,424
-
2a · Program service revenue: SERVICE FEE INCOME
total $243,305 · related or exempt $243,305
-
2b · Program service revenue: LEASE INCOME
total $14,050 · unrelated business $14,050
-
3 · Investment income
total $12,444 · excluded $12,444
-
11a · Other revenue: MISCELLANEOUS
total $6,827 · excluded $6,827
-
11b · Other revenue: CHANGE IN VALUE OF BENE INT
total $2,246 · excluded $2,246
-
11e · Other revenue, total
$9,073
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $179,171 · program services $111,086 · management and general $68,085
-
9 · Other employee benefits
total $13,624 · program services $8,447 · management and general $5,177
-
10 · Payroll taxes
total $5,376 · program services $3,333 · management and general $2,043
-
11g · Fees: other
total $180,719 · program services $17,450 · management and general $163,269
-
12 · Advertising and promotion
total $5,672 · program services $5,672
-
13 · Office expenses
total $45,385 · program services $28,138 · management and general $17,247
-
16 · Occupancy
total $116,719 · program services $79,593 · management and general $37,126
-
17 · Travel
total $10,069 · program services $6,243 · management and general $3,826
-
19 · Conferences, conventions and meetings
total $7,313 · program services $4,534 · management and general $2,779
-
22 · Depreciation, depletion and amortization
total $33,236 · program services $21,544 · management and general $11,692
-
23 · Insurance
total $2,819 · program services $1,748 · management and general $1,071
-
24a · Other expenses: PROGRAM EXPENSES - PUBLIC
total $8,436 · program services $8,436
-
24b · Other expenses: PROGRAM EXPENSES - PRIVAT
total $5,528 · program services $5,528
-
24c · Other expenses: BAD DEBT - PUBLIC
total $736 · program services $736
-
24d · Other expenses: BAD DEBT - PRIVATE
total $482 · program services $482
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $614,252 · end of year $368,770
-
2 · Savings and temporary cash investments
end of year $123,094
-
3 · Pledges and grants receivable
end of year $107,000
-
4 · Accounts receivable
beginning of year $3,067 · end of year $2,000
-
9 · Prepaid expenses and deferred charges
end of year $10,426
-
10a · Land, buildings and equipment: cost or other basis
$397,812
-
10b · Land, buildings and equipment: accumulated depreciation
$54,774
-
10c · Land, buildings and equipment, net
beginning of year $363,713 · end of year $343,038
-
14 · Intangible assets
end of year $16,033
-
15 · Other assets
beginning of year $12,604 · end of year $15,850
-
17 · Accounts payable and accrued expenses
beginning of year $12,191 · end of year $11,076
-
19 · Deferred revenue
beginning of year $12,250 · end of year $6,250
-
25 · Other liabilities
end of year $5,329
-
27 · Net assets without donor restrictions
beginning of year $897,991 · end of year $794,459
-
28 · Net assets with donor restrictions
beginning of year $71,204 · end of year $169,097
Mission and programs · 2023
Mission
THE MISSION OF THE CORPORATION IS TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF STEUBEN COUNTY, INDIANA, THROUGH ENHANCED EMPLOYMENT OPPORTUNITIES RESULTING FROM THE RESPONSIBLE GROWTH OF BUSINESS AND INDUSTRY.
-
THE STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION WAS ESTABLISHED BY AREA LEADERS FOR THE PURPOSE OF ASSISTING EXISTING INDUSTRIES TO REMAIN STABLE AND EXPAND, AND TO MARKET AND ATTRACT NEW FIRMS AND INVESTMENT TO THE COUNTY THROUGH THESE ECONOMIC DEVELOPMENT EFFORTS. THE ORGANIZATION ACHIEVES THIS THROUGH THE RECRUITMENT OF NEW INDUSTRY, RETENTION AND EXPANSION OF EXISTING INDUSTRY, AND GENERAL JOB PROMOTION AND DEVELOPMENT.
Expenses $302,970 · Revenue $257,355
-
OTHER EXEMPT PURPOSES
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dana BerkesDANA BERKES
DIRECTOR
- Total calculated
- $0
-
Mark CowenMARK COWEN
DIRECTOR
- Total calculated
- $0
-
Bert ElliottBERT ELLIOTT
DIRECTOR
- Total calculated
- $0
-
Dan FosterDAN FOSTER
DIRECTOR
- Total calculated
- $0
-
Bill HarterBILL HARTER
DIRECTOR
- Total calculated
- $0
-
Mike HasselmanMIKE HASSELMAN
DIRECTOR
- Total calculated
- $0
-
Wil HowardWIL HOWARD
DIRECTOR
- Total calculated
- $0
-
Gary KoesterGARY KOESTER
DIRECTOR
- Total calculated
- $0
-
Angie LoganANGIE LOGAN
DIRECTOR
- Total calculated
- $0
-
David Martin MayorDAVID MARTIN MAYOR
DIRECTOR
- Total calculated
- $0
-
Jim MillemanJIM MILLEMAN
DIRECTOR
- Total calculated
- $0
-
Kathy ParsonsKATHY PARSONS
DIRECTOR
- Total calculated
- $0
-
Ken WilsonKEN WILSON
DIRECTOR
- Total calculated
- $0
-
Josh DurbinJOSH DURBIN
VICE PRESIDE
- Total calculated
- $0
-
Andrew HershmanANDREW HERSHMAN
SECRETARY
- Total calculated
- $0
-
Hitesh PatelHITESH PATEL
TREASURER
- Total calculated
- $0
-
Brent ShullBRENT SHULL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
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NORTHERN INDIANA LAKES COUNTRY ENTERPRISE CENTER
ENTERPRISE · IN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202432399349300418
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