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← FORT WAYNE-ALLEN COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC

Form 990 for tax year 2023

Filed by FORT WAYNE-ALLEN COUNTY ECONOMIC DEVELOPMENT ALLIANCE INC.

Totals

Total revenue
$1,775,429
Total expenses
$1,642,845
Contributions and grants received
$889,197
Grants paid
$417,400
Program service revenue
$875,000
Investment income
$11,232
Other revenue
$0
Total assets, end of year
$1,852,891
Total liabilities, end of year
$212,969
Net assets or fund balances, end of year
$1,639,922
Program services expenses (Part IX)
$1,636,398
Management and general expenses
$6,447
Fundraising expenses
$0
Program service expenses (Part III)
$1,636,398

Program services were 99.6% 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)

    $213,246

  • 1f · All other contributions, gifts and grants

    $675,951

  • 2a · Program service revenue: CONTRACTED SERVICE REVENUE

    total $875,000 · related or exempt $875,000

  • 3 · Investment income

    total $11,232 · excluded $11,232

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $417,400 · program services $417,400

  • 11b · Fees: legal

    total $106,579 · program services $106,579

  • 11c · Fees: accounting

    total $5,760 · management and general $5,760

  • 11g · Fees: other

    total $722,301 · program services $722,269 · management and general $32

  • 12 · Advertising and promotion

    total $16,800 · program services $16,800

  • 22 · Depreciation, depletion and amortization

    total $295 · management and general $295

  • 24a · Other expenses: OPERATIONS

    total $373,710 · program services $373,350 · management and general $360

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,437,474 · end of year $1,443,314

  • 3 · Pledges and grants receivable

    beginning of year $13,500 · end of year $6,000

  • 4 · Accounts receivable

    beginning of year $220,000 · end of year $368,547

  • 9 · Prepaid expenses and deferred charges

    beginning of year $842 · end of year $842

  • 10c · Land, buildings and equipment, net

    beginning of year $295

  • 12 · Investments: other securities

    beginning of year $31,597 · end of year $34,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $198,851 · end of year $212,969

  • 27 · Net assets without donor restrictions

    beginning of year $530,341 · end of year $644,693

  • 28 · Net assets with donor restrictions

    beginning of year $974,516 · end of year $995,229

Mission and programs · 2023

Mission

CREATION AND RETENTION OF QUALITY JOBS FOR THE CITY OF FORT WAYNE AND ALLEN COUNTY RESIDENTS THROUGH THE ATTRACTION OF NEW EMPLOYERS AND THE STRENGTHENING OF EXISTING EMPLOYERS.

  • CREATION AND RETENTION OF QUALITY JOBS FOR THE CITY OF FORT WAYNE AND ALLEN COUNTY RESIDENTS THROUGH THE ATTRACTION OF NEW EMPLOYERS AND THE STRENGTHENING OF EXISTING EMPLOYERS.

    Expenses $1,636,398 · Grants $417,400 · Revenue $875,000

As filed on the 2023 return.

Listed in Part VII

  • Ellen Cutter

    EXECUTIVE DI

    Total calculated
    $196,290
    From this org
    $0
    From related orgs
    $175,808
    Other
    $20,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $159,808 related
    Bonus
    not reported + $16,000 related
    Other
    not reported
    Deferred
    not reported + $20,482 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $196,290 related

  • Karl Bandemer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • James E Cook

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nelson Peters

    TREASURER

    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. 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 · Written employment contract
  • 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
  • 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

  • EW WEST CAMPUS LANDLORD LLC

    $400,000

    ELECTRIC WORKS DEVEL

  • DOWNTOWN IMPROVEMENT DISTRICT

    $15,000

    ECONOMIC DEVEL

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202443119349301709

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