Skip to content
Nonprofiteer
← HENDRICKS COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC

Form 990 for tax year 2024

Filed by HENDRICKS COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP INC.

Totals

Total revenue
$520,014
Total expenses
$630,830
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$444,108
Investment income
$6,676
Other revenue
$69,230
Total assets, end of year
$1,976,245
Total liabilities, end of year
$7,538
Net assets or fund balances, end of year
$1,968,707
Program services expenses (Part IX)
$596,372
Management and general expenses
$34,458
Fundraising expenses
$0
Program service expenses (Part III)
$596,372

Program services were 94.5% 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.

  • 2a · Program service revenue: PUBLIC INVESTMENT REVENUE

    total $261,108 · related or exempt $261,108

  • 2b · Program service revenue: PRIVATE INVESTMENT REVENUE

    total $183,000 · related or exempt $183,000

  • 3 · Investment income

    total $6,676 · excluded $6,676

  • 11a · Other revenue: PLAT FEES

    total $69,230 · related or exempt $69,230

  • 11e · Other revenue, total

    $69,230

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $214,839 · program services $214,839

  • 9 · Other employee benefits

    total $34,027 · program services $34,027

  • 10 · Payroll taxes

    total $16,931 · program services $16,931

  • 11b · Fees: legal

    total $303 · management and general $303

  • 11c · Fees: accounting

    total $33,339 · management and general $33,339

  • 11g · Fees: other

    total $215,509 · program services $215,509

  • 12 · Advertising and promotion

    total $26,711 · program services $26,711

  • 13 · Office expenses

    total $49,261 · program services $49,261

  • 16 · Occupancy

    total $21,514 · program services $21,514

  • 17 · Travel

    total $16,766 · program services $16,766

  • 19 · Conferences, conventions and meetings

    total $814 · program services $814

  • 22 · Depreciation, depletion and amortization

    total $816 · management and general $816

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $582,701 · end of year $435,161

  • 2 · Savings and temporary cash investments

    beginning of year $261,950 · end of year $268,454

  • 4 · Accounts receivable

    beginning of year $1,248,458 · end of year $1,256,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,914 · end of year $13,053

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

    $66,992

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

    $64,373

  • 10c · Land, buildings and equipment, net

    beginning of year $3,846 · end of year $2,619

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,935 · end of year $7,538

  • 27 · Net assets without donor restrictions

    beginning of year $2,079,934 · end of year $1,968,707

Mission and programs · 2024

Mission

TO ENHANCE THE QUALITY OF LIFE BY ATTRACTING, RETAINING AND CREATING SUITABLE BUSINESS INVESTMENTS TO PROVIDE QUALITY JOBS AND TO BROADEN THE TAX BASE.

  • PROMOTED PROSPECTIVE DEVELOPMENT IN THE HENDRICKS COUNTY, INDIANA AREA

    Expenses $596,372 · Revenue $444,108

  • PROMOTED PROSPECTIVE DEVELOPMENT IN THE HENDRICKS COUNTY, INDIANA AREA

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Banning

    PRESIDENT

    Total calculated
    $0

  • Brian Bilger

    EXECUTIVE DI

    Total calculated
    $0

  • Robin Brandgard

    EXECUTIVE CO

    Total calculated
    $0

  • Dennis Dawes

    EXECUTIVE CO

    Total calculated
    $0

  • Jeff Donovan

    TREASURER

    Total calculated
    $0

  • D Michelle Fenoughty

    SECRETARY

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202513179349302591

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.