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← EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP FOUNDATION

Form 990 for tax year 2022

Filed by EVANSVILLE REGIONAL ECONOMIC PARTNERSHIP FOUNDATION.

Totals

Total revenue
$792,969
Total expenses
$886,870
Contributions and grants received
$675,812
Grants paid
$496,263
Program service revenue
$115,775
Investment income
$1,382
Other revenue
$0
Total assets, end of year
$2,836,211
Total liabilities, end of year
$451,094
Net assets or fund balances, end of year
$2,385,117
Program services expenses (Part IX)
$859,819
Management and general expenses
$26,768
Fundraising expenses
$283
Program service expenses (Part III)
$859,819

Program services were 96.9% 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.

  • 1d · Related organizations

    $179,549

  • 1e · Government grants (contributions)

    $496,263

  • 1g · Noncash contributions included above

    $179,549

  • 2a · Program service revenue: TENANT SERVICES

    total $115,775 · related or exempt $115,775

  • 3 · Investment income

    total $1,382 · excluded $1,382

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $496,263 · program services $496,263

  • 11c · Fees: accounting

    total $1,700 · management and general $1,700

  • 13 · Office expenses

    total $2,186 · management and general $2,186

  • 22 · Depreciation, depletion and amortization

    total $68,220 · program services $60,311 · management and general $7,626 · fundraising $283

  • 24a · Other expenses: BUILDING RENTAL

    total $318,501 · program services $303,245 · management and general $15,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,251 · end of year $295,586

  • 2 · Savings and temporary cash investments

    beginning of year $520,627 · end of year $522,008

  • 4 · Accounts receivable

    beginning of year $60,551 · end of year $258,476

  • 7 · Other notes and loans receivable

    beginning of year $20,833

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,186

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

    $1,265,211

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

    $720,902

  • 10c · Land, buildings and equipment, net

    beginning of year $612,529 · end of year $544,309

  • 15 · Other assets

    beginning of year $1,354,784 · end of year $1,215,832

  • 17 · Accounts payable and accrued expenses

    beginning of year $177,050 · end of year $446,006

  • 19 · Deferred revenue

    beginning of year $64,693 · end of year $5,088

  • 27 · Net assets without donor restrictions

    beginning of year $1,124,234 · end of year $1,169,285

  • 28 · Net assets with donor restrictions

    beginning of year $1,354,784 · end of year $1,215,832

Mission and programs · 2022

Mission

PROMOTE BUSINESS GROWTH AND ACTIVITIES IN EVANSVILLE, INDIANA.

  • TO PROVIDE FACILITIES AND SUPPORT SERVICES TO DEVELOPING ORGANIZATIONS AND TO PROMOTE GROWTH IN EVANSVILLE AND VANDERBURGH COUNTY.

    Expenses $859,819 · Grants $496,263 · Revenue $115,775

As filed on the 2022 return.

Listed in Part VII

  • Jim Sandgren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Briscoe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luke Yaeger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tara Barney

    EX-OFFICIO

    Total calculated
    $263,740
    From this org
    $0
    From related orgs
    $224,519
    Other
    $39,221
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,519 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,221 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $263,740 related

  • Brad Ellsworth

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Audrie Burkett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Compensation survey or study
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
26 July 2024
IRS schema version
2022v5.0
Source object
202442139349300849

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