Form 990 for tax year 2023
Filed by BUSINESS DEVELOPMENT CORPORATION OF VAN WERT INC.
Totals
- Total revenue
- $458,849
- Total expenses
- $153,359
- Contributions and grants received
- $252,900
- Grants paid
- $0
- Program service revenue
- $19,291
- Investment income
- $186,658
- Other revenue
- $0
- Total assets, end of year
- $2,104,942
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,104,942
- Program services expenses (Part IX)
- $107,278
- Management and general expenses
- $1,231
- Fundraising expenses
- $44,850
- Program service expenses (Part III)
- $107,278
Program services were 70.0% 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
$252,900
-
2a · Program service revenue: FARM CASH RENT
total $19,291 · excluded $19,291
-
3 · Investment income
total $8,874 · excluded $8,874
-
7a · Gross sales of assets other than inventory
other assets $415,766
-
7b · Less cost or other basis and sales expenses
other assets $237,982
-
7c · Gain or loss
other assets $177,784
-
7d · Net gain or loss
total $177,784 · excluded $177,784
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $39 · management and general $39
-
12 · Advertising and promotion
total $5,000 · fundraising $5,000
-
13 · Office expenses
total $465 · program services $232 · management and general $233
-
16 · Occupancy
total $2,151 · program services $1,722 · management and general $429
-
23 · Insurance
total $550 · program services $275 · management and general $275
-
24a · Other expenses: WORKFORCE DEVELOPMENT
total $61,256 · program services $61,256
-
24b · Other expenses: FUNDRAISING EXPENSE
total $39,850 · fundraising $39,850
-
24c · Other expenses: BAD DEBTS
total $27,500 · program services $27,500
-
24d · Other expenses: LAND OPTION
total $8,000 · program services $8,000
-
24e · All other expenses
total $8,548 · program services $8,293 · management and general $255
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,941 · end of year $4,595
-
2 · Savings and temporary cash investments
beginning of year $343,000 · end of year $378,260
-
7 · Other notes and loans receivable
beginning of year $533,797 · end of year $706,297
-
10a · Land, buildings and equipment: cost or other basis
$1,011,790
-
10c · Land, buildings and equipment, net
beginning of year $913,714 · end of year $1,011,790
-
14 · Intangible assets
beginning of year $4,000 · end of year $4,000
-
27 · Net assets without donor restrictions
beginning of year $1,799,452 · end of year $2,104,942
Mission and programs · 2023
Mission
PROMOTE AND ENCOURAGE BUSINESS DEVELOPMENT IN THE VAN WERT COUNTY, OHIO AREA THROUGH NON-PROFIT AND NON-DISCRIMINATORY FINANCIAL AND MISCELLANEOUS ASSISTANCE.
-
PROMOTE AND ENCOURAGE BUSINESS DEVELOPMENT IN THE VAN WERT COUNTY, OHIO AREA THROUGH NON-PROFIT AND NON-DISCRIMINATORY FINANCIAL AND MISCELLANEOUS ASSISTANCE.
Expenses $107,278
As filed on the 2023 return.
Listed in Part VII
-
Stacy AdamSTACY ADAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Anthony AdamsANTHONY ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Seth BakerSETH BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Scott EtzlerSCOTT ETZLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Brian GreveBRIAN GREVE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Michelle MooneyMICHELLE MOONEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Taylor OrsbonTAYLOR ORSBON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Fred PondFRED POND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Jon StollerJON STOLLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Tom TurnwaldTOM TURNWALD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Mark WhiteMARK WHITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Sara ZuraSARA ZURA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Aaron BakerAARON BAKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
-
Andy CzajkowskiANDY CZAJKOWSKI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25
-
Adam RiesADAM RIES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Pat RyanPAT RYAN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.25
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202422289349302577
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