Form 990 for tax year 2023
Filed by LAWRENCE COUNTY ECONOMIC GROWTH COUNCIL INC.
Totals
- Total revenue
- $471,025
- Total expenses
- $492,357
- Contributions and grants received
- $222,587
- Grants paid
- $0
- Program service revenue
- $240,578
- Investment income
- $5,510
- Other revenue
- $2,350
- Total assets, end of year
- $457,683
- Total liabilities, end of year
- $4,398
- Net assets or fund balances, end of year
- $453,285
- Program services expenses (Part IX)
- $455,312
- Management and general expenses
- $31,467
- Fundraising expenses
- $5,578
- Program service expenses (Part III)
- $455,312
Program services were 92.5% 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.
-
1e · Government grants (contributions)
$81,000
-
1f · All other contributions, gifts and grants
$141,587
-
2a · Program service revenue: WORKFORCE COALITION
total $240,578 · related or exempt $240,578
-
3 · Investment income
total $5,510 · related or exempt $5,510
-
11a · Other revenue: MISCELLANEOUS
total $1,850 · excluded $1,850
-
11b · Other revenue: MISCELLANEOUS
total $500 · excluded $500
-
11e · Other revenue, total
$2,350
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $238,646 · program services $218,591 · management and general $16,235 · fundraising $3,820
-
8 · Pension plan contributions
total $6,839 · program services $6,839
-
10 · Payroll taxes
total $18,481 · program services $16,341 · management and general $1,732 · fundraising $408
-
11c · Fees: accounting
total $8,100 · management and general $8,100
-
11g · Fees: other
total $385 · program services $385
-
13 · Office expenses
total $2,043 · program services $2,043
-
16 · Occupancy
total $27,921 · program services $21,171 · management and general $5,400 · fundraising $1,350
-
17 · Travel
total $7,355 · program services $7,355
-
19 · Conferences, conventions and meetings
total $3,336 · program services $3,336
-
24a · Other expenses: CIVIC LABS
total $29,270 · program services $29,270
-
24b · Other expenses: GRANT MATCHES
total $20,000 · program services $20,000
-
24c · Other expenses: COMMUNITY LEARNING CENTER
total $18,000 · program services $18,000
-
24d · Other expenses: CII MATCHING 2022
total $17,041 · program services $17,041
-
24e · All other expenses
total $94,940 · program services $94,940
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $238,586 · end of year $293,708
-
2 · Savings and temporary cash investments
beginning of year $144,628 · end of year $145,176
-
4 · Accounts receivable
beginning of year $3,000 · end of year $1,500
-
7 · Other notes and loans receivable
beginning of year $27,559 · end of year $17,299
-
10a · Land, buildings and equipment: cost or other basis
$6,648
-
10b · Land, buildings and equipment: accumulated depreciation
$6,648
-
15 · Other assets
beginning of year $76,529
-
17 · Accounts payable and accrued expenses
beginning of year $5,000
-
25 · Other liabilities
beginning of year $3,635 · end of year $4,398
-
27 · Net assets without donor restrictions
beginning of year $309,444 · end of year $300,057
-
28 · Net assets with donor restrictions
beginning of year $172,223 · end of year $153,228
Mission and programs · 2023
Mission
TO COLLABORATIVELY PLAN FOR AND GUIDE THE ECONOMIC DEVELOPMENT OF LAWRENCE COUNTY, INDIANA. TO FACILIATE THE EXPANSION AND RETENTION OF EXISTING BUSINESS; TO AGGRESSIVELY RECRUIT NEW BUSINESS; AND TO SUPPORT THE DEVELOPMENT OF A QUALITY OF LIFE THAT MAKES LAWRENCE COUNTY A SUPERIOR PLACE TO LIVE, WORK AND RUN A BUSINESS.
-
THE CORPORATION PROVIDES ECONOMIC DEVELOPMENT SERVICES TO PROMOTE THE BUSINESS AND INDUSTRIAL ACTIVITIES OF LAWRENCE COUNTY, INDIANA.
Expenses $430,648
-
EDUCATE THE GENERAL PUBLIC BY PROVIDING TRAINING, EDUCATIONAL SEMINARS AND INFORMATION CONCERNING ECONOMIC DEVELOPMENT AND OPPORTUNITIES AND A FOREIGN TRADE MISSION.
Expenses $24,664
-
LOANS AND GRANTS TO BUSINESSES TO ASSIST IN LOCAL ECONOMIC DEVELOPMENT.
-
THE CORPORATION PROVIDES ECONOMIC DEVELOPMENT SERVICES TO PROMOTE THE BUSINESS AND INDUSTRY ACTIVITIES OF LAWRENCE COUNTY, INDIANA.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shance SizemoreSHANCE SIZEMORE
CEO
- Total calculated
- $95,500
- From this org
- $95,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Larry BaileyLARRY BAILEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Debbie DeckardDEBBIE DECKARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jason TerrellJASON TERRELL
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Nick WebbNICK WEBB
PRESIDENT
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202422219349301202
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