GRANT COUNTY ECONOMIC GROWTH COUNCIL INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GRANT COUNTY ECONOMIC GROWTH COUNCIL INC (EIN 35-1589550)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202443209349318634
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T15:44:56-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN351344820PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DULIN WARD & DEWALD INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19921 DUPONT CIRCLE DR W 300AddressLine1Txt
CityFORT WAYNECityNm
State AbbreviationINStateAbbreviationCd
ZIP468251610ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN351589550EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRANT COUNTY ECONOMIC GROWTHBusinessNameLine1Txt
Business Name Line2COUNCIL INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlGRANBusinessNameControlTxt
Phone7656620650PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 S ADAMS STREETAddressLine1Txt
CityMARIONCityNm
State AbbreviationINStateAbbreviationCd
ZIP46952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHUCK BINKERDPersonNm
Person Title2024 EXECUTIVE DIRPersonTitleTxt
Phone7656620650PhoneNum
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCARRIE B MINNICH CPAPreparerPersonNm
PTINP00449902PTIN
Phone2604232414PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHUCK BINKERDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 S ADAMS STAddressLine1Txt
CityMARIONCityNm
State AbbreviationINStateAbbreviationCd
ZIP46952ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,098,946GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressGRANTCOUNTY.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1984FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTO PROMOTE A VIBRANT, SUSTAINABLE ECONOMY IN GRANT COUNTY THAT ATTRACTS AND EMPOWERS BUSINESS GROWTH AND INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body25VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers25TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$249,305PYContributionsGrantsAmt
CY Contributions Grants$306,490CYContributionsGrantsAmt
PY Program Service Revenue$1,795PYProgramServiceRevenueAmt
CY Program Service Revenue$1,733CYProgramServiceRevenueAmt
PY Investment Income$541,120PYInvestmentIncomeAmt
CY Investment Income$776,609CYInvestmentIncomeAmt
PY Other Revenue$15,825PYOtherRevenueAmt
CY Other Revenue$14,114CYOtherRevenueAmt
PY Total Revenue$808,045PYTotalRevenueAmt
CY Total Revenue$1,098,946CYTotalRevenueAmt
PY Grants And Similar Paid$23,541PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,500CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$120,248PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$47,156CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,007CYTotalFundraisingExpenseAmt
PY Other Expenses$738,560PYOtherExpensesAmt
CY Other Expenses$935,844CYOtherExpensesAmt
PY Total Expenses$882,349PYTotalExpensesAmt
CY Total Expenses$990,500CYTotalExpensesAmt
PY Revenues Less Expenses-$74,304PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$108,446CYRevenuesLessExpensesAmt
Total Assets BOY$10,211,072TotalAssetsBOYAmt
Total Assets EOY$9,913,078TotalAssetsEOYAmt
Total Liabilities BOY$9,660,379TotalLiabilitiesBOYAmt
Total Liabilities EOY$9,267,474TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$550,693NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$645,604NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROMOTE A VIBRANT, SUSTAINABLE ECONOMY IN GRANT COUNTY THAT ATTRACTS AND EMPOWERS BUSINESS GROWTH AND INNOVATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$932,205ExpenseAmt
Grant$7,500GrantAmt
Revenue$1,733RevenueAmt
Desc- 2023 WAS A TRANSITIONAL YEAR IN SEARCH OF AN EXECUTIVE DIRECTOR. - CONTACTS AND VISITS WERE MADE WITH LOCAL INDUSTRIAL COMPANIES. WORKED WITH IEDC IN SUPPORT OF LOCAL BUSINESSES. - ASSISTED BUSINESSES AND LOCAL ELECTED OFFICIALS WITH ABATEMENT TIF DISCUSSIONS AND REQUESTS - ORGANIZED AND HELD AN INVESTOR APPRECIATION EVENT. HIGHLIGHTING AND ENCOURAGING BUSINESS DEVELOPMENT AND EXPANSION. - SUPPORTED WORKFORCE DEVELOPMENT THROUGH PARTICIPATION IN 21ST CENTURY TALENT COALITION, EAST CENTRAL INDIANA TALENT COLLABORATION, PARTNERSHIP WITH TAYLOR UNIVERSITY CENTER FOR INNOVATION AND ENTREPRENEURSHIP, ASSITED IN COORDINATION OF VARIOUS WORKFORCE TRAINING INITIATIVES. - AWARDED ONE CHARM GRANT. HAD TO PUT THE PROGRAM ON HOLD DUE TO LACK OF FUNDING. - REPRESENTED GRANT COUNTY THROUGH THE READI 1.0 PROCESS. BEGAN THE PROCESS OF LEADING IN TO THE READI 2.0 PROCESS.Desc
Total Program Service Expenses$932,205TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHUCK BINKARDPersonNm
Phone7656620650PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 S ADAMS STREETAddressLine1Txt
CityMARIONCityNm
State AbbreviationINStateAbbreviationCd
ZIP46952ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
CHARITY BAILEY
2023 EXECUTI40.00Yes (X)$18,026$0$526
ADRIENNE RINES HAMMOND
PRESIDENT1.00Yes (X)$0$0$0Yes (X)
KRISTI PULLEY
PRESIDENT EL1.00Yes (X)$0$0$0Yes (X)
TREVOR MARTENS
TREASURER/SE1.00Yes (X)$0$0$0Yes (X)
JESS ALUMBAUGH
DIRECTOR1.00$0$0$0Yes (X)
CHUCK BINKERD
DIRECTOR1.00$0$0$0Yes (X)
PHILIP BOWERS
DIRECTOR1.00$0$0$0Yes (X)
SCOTT BRATCHER
DIRECTOR1.00$0$0$0Yes (X)
BRETT CAREY
DIRECTOR1.00$0$0$0Yes (X)
MIKE FLYNN
DIRECTOR1.00$0$0$0Yes (X)
ROBIN FOUCE
DIRECTOR1.00$0$0$0Yes (X)
ASHLEY HURD
DIRECTOR1.00$0$0$0Yes (X)
ALEX HUSKEY
DIRECTOR1.00$0$0$0Yes (X)
KYLIE JACKSON
DIRECTOR1.00$0$0$0Yes (X)
BOB MCNUTT
DIRECTOR1.00$0$0$0Yes (X)
SCOTT MILLER
DIRECTOR1.00$0$0$0Yes (X)
JASON MILLER
DIRECTOR$0$0$0Yes (X)
DON NATOLI
DIRECTOR1.00$0$0$0Yes (X)
JODI POMEROY
DIRECTOR1.00$0$0$0Yes (X)
BILL ROCK
DIRECTOR1.00$0$0$0Yes (X)
ASHLEY SAVIEO
DIRECTOR1.00$0$0$0Yes (X)
LARRY TERWILLEGAR
DIRECTOR1.00$0$0$0Yes (X)
ANNE VERMILLION
DIRECTOR1.00$0$0$0Yes (X)
MATT VOSS
DIRECTOR1.00$0$0$0Yes (X)
BEN WILEY
DIRECTOR1.00$0$0$0Yes (X)
STEVE WRIGHT
DIRECTOR1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$18,026TotalReportableCompFromOrgAmt
Total Other Compensation$526TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$216,760GovernmentGrantsAmt
All Other Contributions$89,730AllOtherContributionsAmt
Total Contributions$306,490TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescLUNCHEONS/DINNERSDesc
Business900099BusinessCd
Total Revenue Column$1,733TotalRevenueColumnAmt
Related Or Exempt Func Income$1,733RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,733TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$776,609TotalRevenueColumnAmt
Exclusion$776,609ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$14,100RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$14,100RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,100TotalRevenueColumnAmt
Exclusion$14,100ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$14TotalRevenueColumnAmt
Related Or Exempt Func Income$14RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$14OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,098,946TotalRevenueColumnAmt
Related Or Exempt Func Income$1,747RelatedOrExemptFuncIncomeAmt
Exclusion$790,709ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$7,500TotalAmt
Program Services$7,500ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$18,552TotalAmt
Program Services$13,914ProgramServicesAmt
Management And General$2,783ManagementAndGeneralAmt
Fundraising$1,855FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$25,021TotalAmt
Program Services$25,021ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$218TotalAmt
Program Services$195ProgramServicesAmt
Management And General$14ManagementAndGeneralAmt
Fundraising$9FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,365TotalAmt
Program Services$3,007ProgramServicesAmt
Management And General$215ManagementAndGeneralAmt
Fundraising$143FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$22,823TotalAmt
Management And General$22,823ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,755TotalAmt
Management And General$8,755ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$57,633TotalAmt
Program Services$57,633ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$22,585TotalAmt
Program Services$22,585ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,064TotalAmt
Program Services$2,594ProgramServicesAmt
Management And General$470ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,270TotalAmt
Program Services$5,270ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$15,000TotalAmt
Management And General$15,000ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,600TotalAmt
Program Services$2,600ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$8,666TotalAmt
Program Services$8,666ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$773,971TotalAmt
Program Services$773,971ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$668TotalAmt
Management And General$668ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,560TotalAmt
Management And General$5,560ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
DUES AND SUBSCRIPTIONS$5,749$5,749
SPECIAL PROJECTS$3,500$3,500

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$990,500TotalAmt
Program Services$932,205ProgramServicesAmt
Management And General$56,288ManagementAndGeneralAmt
Fundraising$2,007FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$162,251BOYAmt
EOY$240,500EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,645BOYAmt
EOY$6,650EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,000BOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,615BOYAmt
EOY$3,050EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$188,004BOYAmt
EOY$207,978EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,142BOYAmt
EOY$1,987EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$138,175LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$41,336LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$97,507BOYAmt
EOY$96,839EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$9,740,908BOYAmt
EOY$9,356,074EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,211,072BOYAmt
EOY$9,913,078EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$379BOYAmt
EOY$2,474EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$9,660,000BOYAmt
EOY$9,265,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,660,379BOYAmt
EOY$9,267,474EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$320,395BOYAmt
EOY$434,778EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$230,298BOYAmt
EOY$210,826EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$550,693BOYAmt
EOY$645,604EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,211,072BOYAmt
EOY$9,913,078EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$108,446ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$2,945NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$10,590PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$291,076CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$470,839CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$364,217CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$249,305CurrentTaxYearMinus1YearAmt
Current Tax Year$306,490CurrentTaxYearAmt
Total$1,681,927TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$291,076CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$470,839CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$364,217CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$249,305CurrentTaxYearMinus1YearAmt
Current Tax Year$306,490CurrentTaxYearAmt
Total$1,681,927TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,681,927PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$615,549CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$597,611CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$581,645CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$556,945CurrentTaxYearMinus1YearAmt
Current Tax Year$790,709CurrentTaxYearAmt
Total$3,142,459TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$30CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,400CurrentTaxYearMinus3YearsAmt
Current Tax Year$14CurrentTaxYearAmt
Total$10,444TotalAmt
FieldValueIRS element (for citing)
Total Support$4,834,830TotalSupportAmt
Gross Receipts Rltd Activities$18,388GrossReceiptsRltdActivitiesAmt
Public Support CY1700.34790PublicSupportCY170Pct
Public Support PY1700.37830PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationMISCELLANEOUS INCOME 10,444ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$80,908BeginningYearBalanceAmt
Investment Earnings Or Losses$11,553InvestmentEarningsOrLossesAmt
Administrative Expenses$1,387AdministrativeExpensesAmt
End Year Balance$91,074EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$94,019BeginningYearBalanceAmt
Investment Earnings Or Losses-$11,725InvestmentEarningsOrLossesAmt
Administrative Expenses$1,386AdministrativeExpensesAmt
End Year Balance$80,908EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$85,824BeginningYearBalanceAmt
Investment Earnings Or Losses$9,869InvestmentEarningsOrLossesAmt
Administrative Expenses$1,674AdministrativeExpensesAmt
End Year Balance$94,019EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$78,592BeginningYearBalanceAmt
Investment Earnings Or Losses$8,317InvestmentEarningsOrLossesAmt
Administrative Expenses$1,085AdministrativeExpensesAmt
End Year Balance$85,824EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$68,848BeginningYearBalanceAmt
Investment Earnings Or Losses$10,973InvestmentEarningsOrLossesAmt
Administrative Expenses$1,229AdministrativeExpensesAmt
End Year Balance$78,592EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$95,499OtherCostOrOtherBasisAmt
Book Value$95,499BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,676OtherCostOrOtherBasisAmt
Depreciation$41,336DepreciationAmt
Book Value$1,340BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$96,839TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
NET INVEST. IN DIRECT FINANCE LEASE$9,265,000
BENEFICIAL INTEREST$91,074
FieldValueIRS element (for citing)
Total Book Value Other Assets$9,356,074TotalBookValueOtherAssetsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 2, PART V, LINE 4FormAndLineReferenceDesc
ExplanationSUPPORT ACTIVITIES OF THE COUNCIL.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeMORTGAGE ASSISTGrantTypeTxt
Recipient1RecipientCnt
Cash Grant$7,500CashGrantAmt
Non Cash AssistanceFORGIVEN DEBTNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationTHE EMPLOYER AND EMPLOYEE MUST COMPLETE APPLICATIONS TO START THE PROCESS. WHEN THE EMPLOYEE SELECTS A HOME AND AN OFFER IS ACCEPTED, THEY SEND AN EMAIL WITH THEIR TITLE COMMITMENT. THEN THE GROWTH COUNCIL'S ATTORNEY STARTS THE PAPERWORK. THE PAPERWORK AND THE CHECK GO TO THE CLOSING COMPANY. IF THE CLOSING COMPANY IS OUT OF STATE, THE EMPLOYEE COMES TO THE ATTORNEY'S OFFICE IN MARION, SIGNS THE PROMISSORY NOTE AND OTHER REQUIRED PAPERWORK AND PICKS UP THE CHECK. BECAUSE THERE IS A PROMISSORY NOTE AND MORTGAGE NOTE, IF THE INDIVIDUAL SELLS THE HOUSE PRIOR TO THE FIVE YEAR TERM, THE GROWTH COUNCIL IS NOTIFIED AND THE AMOUNT REMAINING IS RETURNED TO THE GROWTH COUNCIL.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4A- 2023 WAS A TRANSITIONAL YEAR IN SEARCH OF AN EXECUTIVE DIRECTOR. - CONTACTS AND VISITS WERE MADE WITH LOCAL INDUSTRIAL COMPANIES. WORKED WITH IEDC IN SUPPORT OF LOCAL BUSINESSES. - ASSISTED BUSINESSES AND LOCAL ELECTED OFFICIALS WITH ABATEMENT TIF DISCUSSIONS AND REQUESTS - ORGANIZED AND HELD AN INVESTOR APPRECIATION EVENT. HIGHLIGHTING AND ENCOURAGING BUSINESS DEVELOPMENT AND EXPANSION. - SUPPORTED WORKFORCE DEVELOPMENT THROUGH PARTICIPATION IN 21ST CENTURY TALENT COALITION, EAST CENTRAL INDIANA TALENT COLLABORATION, PARTNERSHIP WITH TAYLOR UNIVERSITY CENTER FOR INNOVATION AND ENTREPRENEURSHIP, ASSITED IN COORDINATION OF VARIOUS WORKFORCE TRAINING INITIATIVES. - AWARDED ONE CHARM GRANT. HAD TO PUT THE PROGRAM ON HOLD DUE TO LACK OF FUNDING. - REPRESENTED GRANT COUNTY THROUGH THE READI 1.0 PROCESS. BEGAN THE PROCESS OF LEADING IN TO THE READI 2.0 PROCESS.
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS APPROVED BY THE EXECUTIVE COMMITTEE AND MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CWHENEVER A DIRECTOR, OFFICER OR EMPLOYEE HAS A FINANCIAL OR PERSONAL INTEREST IN ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS, THE AFFECTED PERSON SHALL A)FULLY DISCLOSE THE NATURE OF THE INTEREST, B)WITHDRAWAL FROM DISCUSSION, LOBBYING, AND VOTING ON THE MATTER, AND C) NOT BE COUNTED IN DETERMINING THE EXISTANCE OF A QUORUM AT THE MEETING AT WHICH SUCH TRANSACTIONS MAY BE AUTHORIZED. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF UNBIASED DIRECTORS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO. THE MINUTES OF MEETINGS AT WHICH SUCH VOTES ARE TAKEN SHALL RECORD SUCH DISCLOSURE, ABSTENTION AND RATIONAL FOR APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 15ATHE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 18IRS FORM 990 FOR THE LAST THREE YEARS IS POSTED ON GUIDESTAR.ORG.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST DURING REGULAR BUSINESS HOURS.

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