Form 990 for tax year 2023
Filed by ADAMS COUNTY REGIONAL ECONOMIC PARTNERSHIP INC.
Totals
- Total revenue
- $618,285
- Total expenses
- $688,216
- Contributions and grants received
- $433,001
- Grants paid
- $0
- Program service revenue
- $121,747
- Investment income
- $536
- Other revenue
- $63,001
- Total assets, end of year
- $645,261
- Total liabilities, end of year
- $192,393
- Net assets or fund balances, end of year
- $452,868
- Program services expenses (Part IX)
- $616,341
- Management and general expenses
- $71,875
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 89.6% 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.
-
1b · Membership dues
$433,001
-
2a · Program service revenue: OTHER INCOME
total $121,747 · related or exempt $121,747
-
3 · Investment income
total $536 · related or exempt $536
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$116,392
-
8b · Fundraising events: direct expenses
$53,391
-
8c · Net income from fundraising events
total $63,001
-
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 $0
-
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 $157,885 · program services $157,885
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $129,165 · program services $87,803 · management and general $41,362
-
8 · Pension plan contributions
total $12,609 · program services $10,792 · management and general $1,817
-
9 · Other employee benefits
total $28,261 · program services $24,189 · management and general $4,072
-
10 · Payroll taxes
total $23,949 · program services $20,498 · management and general $3,451
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $51,217 · program services $43,635 · management and general $7,582
-
11d · Fees: lobbying
total $45,000 · program services $45,000
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $17,388 · program services $14,882 · management and general $2,506
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $50,355 · program services $43,099 · management and general $7,256
-
17 · Travel
total $9,217 · program services $7,889 · management and general $1,328
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,417 · program services $2,069 · management and general $348
-
23 · Insurance
total $3,674 · program services $3,144 · management and general $530
-
24a · Other expenses: PROGRAM EXPENSES
total $145,728 · program services $145,728
-
24b · Other expenses: TELEPHONE & INTERNET
total $7,197 · program services $6,160 · management and general $1,037
-
24c · Other expenses: BANK & MERCHANT FEES
total $4,154 · program services $3,568 · management and general $586
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $527,673 · end of year $482,258
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $59,300 · end of year $20,004
-
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
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $13,523 · end of year $3,955
-
10a · Land, buildings and equipment: cost or other basis
$5,928
-
10b · Land, buildings and equipment: accumulated depreciation
$5,786
-
10c · Land, buildings and equipment, net
beginning of year $2,559 · end of year $142
-
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
end of year $138,902
-
17 · Accounts payable and accrued expenses
beginning of year $40,932 · end of year $9,925
-
19 · Deferred revenue
beginning of year $20,465 · end of year $35,960
-
25 · Other liabilities
end of year $146,508
-
27 · Net assets without donor restrictions
beginning of year $541,658 · end of year $452,868
Mission and programs · 2023
Mission
To champion the businesses of the Greater Adams County Region, giving them a voice by supporting innovation, forging connections with local government, and leading the community toward prosperity with our expertise as a private, investor-driven organization.
-
Economic Development and Placemaking - Drive projects & Initiatives that promote the region's competitiveness as a destination for business and talent by showcasing the region's quality of place.
-
Business Advocacy & Public Policy - Serve as an active voice for business & influence legislation on critical issues. Advocate for diverse industries in our region.
-
Membership Development & Engagement - Provide programming and opportunities to develop strong community leaders in Adams County that support economic development and workforce development.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa Hough
President & CEO
- Total calculated
- $171,349
- From this org
- $157,885
- From related orgs
- $0
- Other
- $13,464
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,885
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $13,464
- Filer's total
- $171,349
-
Caryn Becker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Janel Highfill
Director
- Total calculated
- $0
- Hours/week
- 1
-
Curtis Rueter
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rachel Gruber
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sam Bailey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rich Coolidge
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Gifford
Director
- Total calculated
- $0
- Hours/week
- 1
-
Angie Bedolla
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jan Kulmann
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Milo
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie Henley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Cohen
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Emma Pinter
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Stone
Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Carolynne White
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Troy Whitmore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Heather McDaniel
Secretary
- Total calculated
- $0
- Hours/week
- 2
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 · 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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349313719
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