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Nonprofiteer
← LAGRANGE COUNTY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by LAGRANGE COUNTY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$296,020
Total expenses
$373,090
Contributions and grants received
$149,737
Grants paid
$30,000
Program service revenue
$141,261
Investment income
$5,022
Other revenue
$0
Total assets, end of year
$976,949
Total liabilities, end of year
$5,488
Net assets or fund balances, end of year
$971,461
Program services expenses (Part IX)
$304,707
Management and general expenses
$68,383
Fundraising expenses
$0
Program service expenses (Part III)
$304,707

Program services were 81.7% 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)

    $77,224

  • 1f · All other contributions, gifts and grants

    $72,513

  • 2a · Program service revenue: CONTRACT SERVICE REVENUE

    total $141,261 · related or exempt $141,261

  • 3 · Investment income

    total $5,022 · excluded $5,022

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 5 · Compensation of officers, directors and key employees

    total $133,500 · program services $106,800 · management and general $26,700

  • 7 · Other salaries and wages

    total $43,500 · program services $34,800 · management and general $8,700

  • 8 · Pension plan contributions

    total $8,320 · program services $6,656 · management and general $1,664

  • 9 · Other employee benefits

    total $15,139 · program services $12,112 · management and general $3,027

  • 10 · Payroll taxes

    total $13,540 · program services $10,832 · management and general $2,708

  • 11b · Fees: legal

    total $900 · program services $720 · management and general $180

  • 11c · Fees: accounting

    total $13,131 · management and general $13,131

  • 11g · Fees: other

    total $75,336 · program services $73,565 · management and general $1,771

  • 12 · Advertising and promotion

    total $11,269 · program services $9,015 · management and general $2,254

  • 13 · Office expenses

    total $12,130 · program services $9,704 · management and general $2,426

  • 16 · Occupancy

    total $7,777 · program services $6,222 · management and general $1,555

  • 17 · Travel

    total $1,148 · program services $918 · management and general $230

  • 19 · Conferences, conventions and meetings

    total $730 · program services $584 · management and general $146

  • 20 · Interest

    total $11 · program services $11

  • 22 · Depreciation, depletion and amortization

    total $480 · program services $480

  • 23 · Insurance

    total $3,320 · management and general $3,320

  • 24a · Other expenses: MEALS

    total $1,967 · program services $1,574 · management and general $393

  • 24b · Other expenses: CONTRACT LABOR

    total $760 · program services $608 · management and general $152

  • 24c · Other expenses: LICENSES

    total $132 · program services $106 · management and general $26

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,418 · end of year $38,531

  • 2 · Savings and temporary cash investments

    beginning of year $950,881 · end of year $930,899

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

    $33,802

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

    $26,283

  • 10c · Land, buildings and equipment, net

    beginning of year $8,000 · end of year $7,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $768 · end of year $5,488

  • 27 · Net assets without donor restrictions

    beginning of year $1,048,531 · end of year $971,461

Mission and programs · 2022

Mission

THE LAGRANGE COUNTY ECONOMIC DEVELOPMENT CORPORATION IS THE SINGLE POINT OF CONTACT FOR ECONOMIC DEVELOPMENT EFFORTS IN LAGRANGE COUNTY, INDIANA. WE WORK WITH REGIONAL, STATE AND FEDERAL PARTNERS TO SUPPORT AND ENCOURGAGE OUR CLIENTS' BUSINESS DEVELOPMENT ENDEAVORS.

  • DEVELOPED BUSINESS AND OTHER CONTACTS RELATING TO ECONOMIC DEVELOPMENT OF LAGRANGE COUNTY, INDIANA

    Expenses $197,907 · Grants $30,000 · Revenue $141,261

  • THE PURPOSE IS TO HIRE THE EXECUTIVE DIRECTOR TO MANAGE THE PRIMARY PURPOSE AND THE EQUIPMENT TO BE ABLE TO EFFECTIVELY OPERATE THE PRIMARY PURPOSE.

    Expenses $106,800

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stewart Bender

    MEMBER

    Total calculated
    $0

  • Dana Berkes

    SECRETARY

    Total calculated
    $0

  • Jeremy Burgi

    MEMBER

    Total calculated
    $0

  • Dean Domer

    MEMBER

    Total calculated
    $0

  • Mark Eagleson

    CHAIRMAN

    Total calculated
    $0

  • Tj Kempf

    TREASURER

    Total calculated
    $0

  • John Larimer

    DIRECTOR

    Total calculated
    $0

  • Mark Leu

    DIRECTOR

    Total calculated
    $0

  • Mervin Lehman

    VICE CHAIRMA

    Total calculated
    $0

  • Terry Martin

    MEMBER

    Total calculated
    $0

  • Delbert Miller

    MEMBER

    Total calculated
    $0

  • Robbie Miller

    MEMBER

    Total calculated
    $0

  • Mike Patka

    MEMBER

    Total calculated
    $0

  • Jeff Reef

    MEMBER

    Total calculated
    $0

  • Ryan Riegsecker

    MEMBER

    Total calculated
    $0

  • Fritz Schlabach

    VICE CHAIR

    Total calculated
    $0

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

  • HOWE RESTAURANT DOXA INC

    $10,000

    COVID RELIEF

  • MAMA D'S HOMEMADE EATS

    $10,000

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2023
IRS schema version
2022v5.0
Source object
202311439349300306

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