Form 990 for tax year 2024
Filed by WELLS COUNTY REVITALIZATION INC.
Totals
- Total revenue
- $829,801
- Total expenses
- $1,460,001
- Contributions and grants received
- $388,969
- Grants paid
- $418,372
- Program service revenue
- $46,261
- Investment income
- $198,830
- Other revenue
- $195,741
- Total assets, end of year
- $1,921,955
- Total liabilities, end of year
- $80,858
- Net assets or fund balances, end of year
- $1,841,097
- Program services expenses (Part IX)
- $1,446,738
- Management and general expenses
- $13,263
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,446,738
Program services were 99.1% 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.
-
1f · All other contributions, gifts and grants
$388,969
-
2a · Program service revenue: FARMERS MARKET
total $486 · related or exempt $486
-
2b · Program service revenue: LEADERSHIP ACADEMY
total $45,138 · related or exempt $45,138
-
2c · Program service revenue: REVOLVING LOAN FUND
total $637 · related or exempt $637
-
3 · Investment income
total $17,089 · related or exempt $17,089
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $102,500
-
6b · Less rental expenses
real property $40,962
-
6c · Rental income or loss
real property $61,538
-
6d · Net rental income or loss
total $61,538 · excluded $61,538
-
7a · Gross sales of assets other than inventory
securities $181,741
-
7c · Gain or loss
securities $181,741
-
7d · Net gain or loss
total $181,741 · related or exempt $181,741
-
8a · Fundraising events: gross income
$144,157
-
8b · Fundraising events: direct expenses
$9,954
-
8c · Net income from fundraising events
total $134,203
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $418,372 · program services $418,372
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,472 · management and general $5,472
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $15,000 · program services $15,000
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,389 · program services $991 · management and general $398
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,938 · program services $3,938
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $46,271 · program services $46,271
-
23 · Insurance
total $10,914 · program services $3,521 · management and general $7,393
-
24a · Other expenses: DOWNTOWN BEAUTIFICATN SUPPLIES
total $814,698 · program services $814,698
-
24b · Other expenses: LEADERSHIP ACADEMY SUPPLIES
total $45,732 · program services $45,732
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $44,829 · program services $44,829
-
24d · Other expenses: DOWNTOWN EVENTS
total $26,686 · program services $26,686
-
24e · All other expenses
total $26,700 · program services $26,700
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $1,440,406 · end of year $632,753
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $48,217 · end of year $25,429
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,462,338
-
10b · Land, buildings and equipment: accumulated depreciation
$1,233,565
-
10c · Land, buildings and equipment, net
beginning of year $1,275,045 · end of year $1,228,773
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $25,000 · end of year $35,000
-
17 · Accounts payable and accrued expenses
end of year $5,459
-
25 · Other liabilities
beginning of year $350,230 · end of year $75,399
-
27 · Net assets without donor restrictions
beginning of year $2,438,438 · end of year $1,841,097
Mission and programs · 2024
Mission
TO PROMOTE, ENCOURAGE AND FOSTER THE IMPROVEMENT AND REVITALIZATION OF THE BUSINESS AREA AND TO WORK TOWARD A TOTAL PROFESSIONAL AND LIFESTYLE REJUVENATION OF WELLS COUNTY, INDIANA.
-
TO FUND DOWNTOWN REDEVELOPMENT AND BEAUTIFICATION PROJECTS
Expenses $1,170,240 · Revenue $836
-
TO SUPPORT LOCAL ECONOMIC DEVELOPMENT ACTIVITIES SO AS TO FIGHT THE EFFECTS OF URBAN BLIGHT AND RURAL ECONOMIC DECAY.
Expenses $135,288 · Revenue $40,103
-
TO BUILD AND MAINTAIN AND ARTS AND COMMERCE CENTER TO SUPPORT IMPROVED QUALITY OF LIFE PROJECTS AND ENHANCE BUSINESS DEVELOPMENT OPPORTUNITIES FOR WELLS COUNTY
Expenses $95,446 · Revenue $62,679
-
TO FACILITATE LEADERSHIP EDUCATION PROGRAMS FOR LOCAL CITIZENS.
Expenses $45,764 · Revenue $45,143
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Trent BucherTRENT BUCHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tammy SlaterTAMMY SLATER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jeff StringerJEFF STRINGER
Director
- Total calculated
- $0
- Hours/week
- 0
-
Eric GerberERIC GERBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tamra BoucherTAMRA BOUCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Steve HugginsSTEVE HUGGINS
President
- Total calculated
- $0
- Hours/week
- 0
-
Greg RoembkeGREG ROEMBKE
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Chad KlineCHAD KLINE
Executive Dir.
- Total calculated
- $0
- Hours/week
- 0
-
Erin PribleERIN PRIBLE
Director
- Total calculated
- $0
- Hours/week
- 0
-
Kody KumferKODY KUMFER
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Mike LautzenheiserMIKE LAUTZENHEISER
Director
- Total calculated
- $0
- Hours/week
- 0
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.
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.
-
WELLS COUNTY CHAMBER OF COMMERCE INC
501(C)(6) · TO CONDUCT ACTIVITIES TO ENHANCE WORK AND LIFE IN WELLS CO. · IN
Directly controlled by BROTHERSISTER ORGANIZATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349313074
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