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Nonprofiteer
← STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$578,865
Total expenses
$527,868
Contributions and grants received
$259,822
Grants paid
$0
Program service revenue
$288,500
Investment income
$21,636
Other revenue
$8,907
Total assets, end of year
$1,043,154
Total liabilities, end of year
$28,601
Net assets or fund balances, end of year
$1,014,553
Program services expenses (Part IX)
$352,991
Management and general expenses
$174,877
Fundraising expenses
$0
Program service expenses (Part III)
$352,991

Program services were 66.9% 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.

  • 1b · Membership dues

    $112,750

  • 1e · Government grants (contributions)

    $147,072

  • 2a · Program service revenue: SERVICE FEE INCOME

    total $274,100 · related or exempt $274,100

  • 2b · Program service revenue: LEASE INCOME

    total $14,400 · unrelated business $14,400

  • 3 · Investment income

    total $21,636 · excluded $21,636

  • 11a · Other revenue: MISCELLANEOUS

    total $7,826 · excluded $7,826

  • 11b · Other revenue: CHANGE IN VALUE OF BENE INT

    total $1,081 · excluded $1,081

  • 11e · Other revenue, total

    $8,907

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $196,028 · program services $125,458 · management and general $70,570

  • 9 · Other employee benefits

    total $8,943 · program services $5,723 · management and general $3,220

  • 10 · Payroll taxes

    total $14,996 · program services $9,597 · management and general $5,399

  • 11g · Fees: other

    total $55,958 · program services $35,813 · management and general $20,145

  • 12 · Advertising and promotion

    total $11,231 · program services $11,231

  • 13 · Office expenses

    total $52,851 · program services $33,824 · management and general $19,027

  • 16 · Occupancy

    total $110,734 · program services $77,606 · management and general $33,128

  • 17 · Travel

    total $14,371 · program services $9,198 · management and general $5,173

  • 19 · Conferences, conventions and meetings

    total $12,705 · program services $8,131 · management and general $4,574

  • 22 · Depreciation, depletion and amortization

    total $36,027 · program services $24,390 · management and general $11,637

  • 23 · Insurance

    total $5,569 · program services $3,565 · management and general $2,004

  • 24a · Other expenses: PROGRAM EXPENSES - PUBLIC

    total $5,514 · program services $5,514

  • 24b · Other expenses: PROGRAM EXPENSES - PRIVAT

    total $2,941 · program services $2,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $368,770 · end of year $462,623

  • 2 · Savings and temporary cash investments

    beginning of year $123,094 · end of year $128,029

  • 3 · Pledges and grants receivable

    beginning of year $107,000 · end of year $72,000

  • 4 · Accounts receivable

    beginning of year $2,000 · end of year $16,606

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,426 · end of year $11,927

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

    $408,806

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

    $87,101

  • 10c · Land, buildings and equipment, net

    beginning of year $343,038 · end of year $321,705

  • 14 · Intangible assets

    beginning of year $16,033 · end of year $12,333

  • 15 · Other assets

    beginning of year $15,850 · end of year $17,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,076 · end of year $8,404

  • 19 · Deferred revenue

    beginning of year $6,250 · end of year $17,500

  • 25 · Other liabilities

    beginning of year $5,329 · end of year $2,697

  • 27 · Net assets without donor restrictions

    beginning of year $794,459 · end of year $838,683

  • 28 · Net assets with donor restrictions

    beginning of year $169,097 · end of year $175,870

Mission and programs · 2024

Mission

THE MISSION OF THE CORPORATION IS TO IMPROVE THE QUALITY OF LIFE FOR THE CITIZENS OF STEUBEN COUNTY, INDIANA, THROUGH ENHANCED EMPLOYMENT OPPORTUNITIES RESULTING FROM THE RESPONSIBLE GROWTH OF BUSINESS AND INDUSTRY.

  • THE STEUBEN COUNTY ECONOMIC DEVELOPMENT CORPORATION WAS ESTABLISHED BY AREA LEADERS FOR THE PURPOSE OF ASSISTING EXISTING INDUSTRIES TO REMAIN STABLE AND EXPAND, AND TO MARKET AND ATTRACT NEW FIRMS AND INVESTMENT TO THE COUNTY THROUGH THESE ECONOMIC DEVELOPMENT EFFORTS. THE ORGANIZATION ACHIEVES THIS THROUGH THE RECRUITMENT OF NEW INDUSTRY, RETENTION AND EXPANSION OF EXISTING INDUSTRY, AND GENERAL JOB PROMOTION AND DEVELOPMENT.

    Expenses $352,991 · Revenue $288,500

  • OTHER EXEMPT PURPOSES

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

Listed in Part VII

  • BERT ELLIOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN FOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE HASSELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JALAINE HINMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WIL HOWARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MARTIN MAYOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM MILLEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY PARSONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAWN SABINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEN SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENT SHULL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEN WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK COWEN

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • JOSH DURBIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • ANDREW HERSHMAN

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • ANGIE LOGAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
3 September 2025
IRS schema version
2024v5.0
Source object
202513569349300206

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