Form 990 for tax year 2023
Filed by HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,978,683
- Total expenses
- $1,823,217
- Contributions and grants received
- $1,679,212
- Grants paid
- $1,072,311
- Program service revenue
- $290,977
- Investment income
- $8,494
- Other revenue
- $0
- Total assets, end of year
- $563,912
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $563,912
- Program services expenses (Part IX)
- $1,714,236
- Management and general expenses
- $108,981
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,714,236
Program services were 94.0% 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.
-
1e · Government grants (contributions)
$1,471,610
-
1f · All other contributions, gifts and grants
$207,602
-
2a · Program service revenue: CONTRACTS
total $290,977 · related or exempt $290,977
-
3 · Investment income
total $8,494 · excluded $8,494
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $992,311 · program services $992,311
-
2 · Grants to domestic individuals
total $80,000 · program services $80,000
-
5 · Compensation of officers, directors and key employees
total $138,780 · program services $124,902 · management and general $13,878
-
7 · Other salaries and wages
total $350,088 · program services $315,079 · management and general $35,009
-
11g · Fees: other
total $125,169 · program services $72,779 · management and general $52,390
-
12 · Advertising and promotion
total $26,573 · program services $26,573
-
13 · Office expenses
total $11,954 · program services $5,977 · management and general $5,977
-
14 · Information technology
total $37,158 · program services $37,158
-
17 · Travel
total $17,547 · program services $16,670 · management and general $877
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $29,109 · program services $29,109
-
24b · Other expenses: SUPPLIES
total $12,828 · program services $12,828
-
24c · Other expenses: MISCELLANEOUS
total $1,700 · program services $850 · management and general $850
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $406,746
-
2 · Savings and temporary cash investments
end of year $563,912
-
9 · Prepaid expenses and deferred charges
beginning of year $1,700 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $348,473 · end of year $400,762
-
28 · Net assets with donor restrictions
beginning of year $59,973 · end of year $163,150
Mission and programs · 2023
Mission
EMPOWER THE ECONOMIC VITALITY OF THE RESIDENTS, BUSINESS AND COMMUNITIES OF HAMILTON COUNTY BY ATTRACTING, RETAINING AND SUPPORTING TALENT.
Activities or mission (Part I)
EMPOWER THE ECONOMIC VITALITY OF THE RESIDENTS, BUSINESS AND COMMUNITIES OF HAMILTON COUNTY.
-
THE PURSUIT INSTITUTE CAREER AND TECHNICAL EDUCATION LEA:HCEDC SUPERVISED THE CREATION AND ACCREDIATION OF A NEW CAREER AND TECHNICAL EDUCATION (CTE) DISTRICT FOR THE SIX SCHOOL DISTRICTS WITHIN HAMILTON COUNTY, AND RECEIVED/MANAGED SEVERAL LARGE GRANTS WITH THOSE DISTRICTS AND THE LEA TO EXPAND CTE ENROLLMENT AND CAPACITY ACROSS THE COUNTY.
Expenses $1,668,736 · Grants $1,072,311 · Revenue $351,997
-
TALENT INSIGHT 2030 LABOR MARKET FORECAST:RESEARCH AND DEVELOPMENT FOR A COMPREHENSIVE LABOR MARKET FORECAST FOR THE COUNTY REACHING OUT TO 2030.
Expenses $45,500 · Revenue $55,000
As filed on the 2023 return.
Listed in Part VII
-
Megan BaumgartnerMEGAN BAUMGARTNER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark LabarrMARK LABARR
PAST BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Corby ThompsonCORBY THOMPSON
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christine AltmanCHRISTINE ALTMAN
BOARD SECRETARY / TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel KartzRACHEL KARTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy TheiszANDY THEISZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sue MakiSUE MAKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Chuck HabermanCHUCK HABERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Angela AcreyANGELA ACREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert KnebergROBERT KNEBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael BeresfordMICHAEL BERESFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike ThibideauMIKE THIBIDEAU
PRESIDENT & CEO
- Total calculated
- $138,780
- From this org
- $131,220
- From related orgs
- $0
- Other
- $7,560
- Hours/week
- 40
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
-
NOBLESVILLE SHOOL CORPORATION
$266,978
IDOE GRANT
-
TRANSEO
$224,100
IDOE GRANT
-
HAMILTON SOUTHEASTERN SCHOOL DISTRICT
$128,839
IDOE GRANT
-
WESTFIELD WASHINGTON SCHOOLS
$108,958
IDOE GRANT
-
CARMEL CLAY SCHOOL CORPORATION
$91,730
IDOE GRANT
-
HAMILTON HEIGHTS SCHOOL CORPORATION
$86,801
IDOE GRANT
-
SHERIDAN COMMUNITY SCHOOLS
$81,906
IDOE GRANT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349302961
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