LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION (EIN 30-0363760)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-06
IRS object ID
202513109349302156
Schema version
2024v5.0
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)
Return2025-11-06T11:28:04-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352055043PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HUTH THOMPSON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 970AddressLine1Txt
CityLAFAYETTECityNm
State AbbreviationINStateAbbreviationCd
ZIP479020970ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300363760EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAFAYETTE-WEST LAFAYETTEBusinessNameLine1Txt
Business Name Line2DEVELOPMENT CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLAFABusinessNameControlTxt
Phone7657424044PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1337 COLUMBIA STREET PO BOX 348AddressLine1Txt
CityLAFAYETTECityNm
State AbbreviationINStateAbbreviationCd
ZIP479020348ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMIKEL BERGERPersonNm
Person TitleCURRENT PRES & CEOPersonTitleTxt
Phone7657424044PhoneNum
Signature2025-11-05SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIMBERLEY R MORISETTEPreparerPersonNm
PTINP00337290PTIN
Phone7654285000PhoneNum
Preparation2025-11-05PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1GREATER LAFAYETTE COMMERCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerRACHEL HAZARAYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 348AddressLine1Txt
CityLAFAYETTECityNm
State AbbreviationINStateAbbreviationCd
ZIP47902ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$15,172,232GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.GREATERLAFAYETTECOMMERCE.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2006FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTHE CORPORATION IS ORGANIZED TO ENHANCE THE ECONOMIC VITALITY, QUALITY OF LIFE, AND SOCIAL WELFARE OF THE CITIZENS OF LAFAYETTE, WEST LAFAYETTE, TIPPECANOE COUNTY,AND THE WEST CENTRAL REGION OF INDIANA-SEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body26VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee23TotalEmployeeCnt
Total Volunteers85TotalVolunteersCnt
Total Gross UBI$83,487TotalGrossUBIAmt
PY Contributions Grants$7,573,111PYContributionsGrantsAmt
CY Contributions Grants$13,814,568CYContributionsGrantsAmt
PY Program Service Revenue$1,115,156PYProgramServiceRevenueAmt
CY Program Service Revenue$1,258,996CYProgramServiceRevenueAmt
PY Investment Income$55,696PYInvestmentIncomeAmt
CY Investment Income$98,668CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$8,743,963PYTotalRevenueAmt
CY Total Revenue$15,172,232CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,377,238PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,470,622CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$101,341CYTotalFundraisingExpenseAmt
PY Other Expenses$7,007,545PYOtherExpensesAmt
CY Other Expenses$13,269,946CYOtherExpensesAmt
PY Total Expenses$8,384,783PYTotalExpensesAmt
CY Total Expenses$14,740,568CYTotalExpensesAmt
PY Revenues Less Expenses$359,180PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$431,664CYRevenuesLessExpensesAmt
Total Assets BOY$7,453,493TotalAssetsBOYAmt
Total Assets EOY$9,035,564TotalAssetsEOYAmt
Total Liabilities BOY$2,988,499TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,145,706TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,464,994NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,889,858NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CORPORATION IS ORGANIZED TO ENHANCE THE ECONOMIC VITALITY, QUALITY OF LIFE, AND SOCIAL WELFARE OF THE CITIZENS OF LAFAYETTE, WEST LAFAYETTE, TIPPECANOE COUNTY,AND THE WEST CENTRAL REGION OF INDIANA-SEE SCHEDULE OMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$11,702,409ExpenseAmt
Revenue$1,258,996RevenueAmt
DescENHANCING THE ECONOMIC VITALITY, QUALITY OF LIFE, AND SOCIAL WELFARE OF THE CITIZENS NOTED IN THE PRIMARY EXEMPT PURPOSE AND BY PROVIDING LEADERSHIP FOR THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC AND COMMUNITY DEVELOPMENT STRATEGIES TO ADDRESS THE CHANGING NEEDS OF THESE COMMUNITIES.Desc
Total Program Service Expenses$11,702,409TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
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 IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemYes (true)BusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (true)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document116IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee23EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
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 Members26GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
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
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMIKEL BERGERPersonNm
Phone7657424044PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 348AddressLine1Txt
CityLAFAYETTECityNm
State AbbreviationINStateAbbreviationCd
ZIP47902ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
SCOTT WALKER
PRESIDENT &40.00Yes (X)$63,446$190,337$50,240
RACHEL HAZARAY
CHAIR0.50Yes (X)$0$0$0Yes (X)
JODY HAMILTON
VICE CHAIR0.50Yes (X)$0$0$0Yes (X)
DAVE MARTIN
TREASURER0.50Yes (X)$0$0$0Yes (X)
JIM OLDS
SECRETARY0.50Yes (X)$0$0$0Yes (X)
TOM MURTAUGH
PAST CHAIR0.50$0$0$0Yes (X)
KIM ALLEN
DIRECTOR0.50$0$0$0Yes (X)
DR AARON BAUTE
DIRECTOR0.50$0$0$0Yes (X)
DAN CAMPION
DIRECTOR0.50$0$0$0Yes (X)
DR MUNG CHIANG
DIRECTOR0.50$0$0$0Yes (X)
TIM SCHOOLER
DIRECTOR0.50$0$0$0Yes (X)
LISA DECKER
DIRECTOR0.50$0$0$0Yes (X)
ROBERTO GALLARDO
DIRECTOR0.50$0$0$0Yes (X)
MAYOR ERIN EASTER
DIRECTOR0.50$0$0$0Yes (X)
JANET FOX
DIRECTOR0.50$0$0$0Yes (X)
STACY GROVE
DIRECTOR0.50$0$0$0Yes (X)
STUART GUTWEIN
DIRECTOR0.50$0$0$0Yes (X)
JEANNA KNEPPER
DIRECTOR0.50$0$0$0Yes (X)
GARY LEHMAN
DIRECTOR0.50$0$0$0Yes (X)
MAYOR TONY ROSWARSKI
DIRECTOR0.50$0$0$0Yes (X)
ART VASQUEZ
DIRECTOR0.50$0$0$0Yes (X)
DONTE WILBURN
DIRECTOR0.50$0$0$0Yes (X)
JORDAN WYSONG
DIRECTOR0.50$0$0$0Yes (X)
ELIZABETH WHITTAKER
DIRECTOR0.50$0$0$0Yes (X)
DANIEL FRICKER
DIRECTOR0.50$0$0$0Yes (X)
JOE HART
DIRECTOR0.50$0$0$0Yes (X)
HEATHER THOMPSON
DIRECTOR0.50$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$63,446TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$190,337TotReportableCompRltdOrgAmt
Total Other Compensation$50,240TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
STAR CITY BROADCASTING
3824 S 18TH STREETLAFAYETEIN47909ADVERTISING$303,911
BARNES & THORNBURG LLP
11 S MERIDIAN STREETINDIANAPOLISIN46204LOBBYING$120,150
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$12,958,017GovernmentGrantsAmt
All Other Contributions$856,551AllOtherContributionsAmt
Total Contributions$13,814,568TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
MEMBERSHIP900099$896,329$896,329
SEMINARS & EVENTS900099$275,494$275,494
MAGAZINE SALES900099$83,487$83,487
WEBSITE/NEWSLETTERS900099$3,686$3,686
FieldValueIRS element (for citing)
Total Program Service Revenue$1,258,996TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$98,668TotalRevenueColumnAmt
Exclusion$98,668ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,172,232TotalRevenueColumnAmt
Related Or Exempt Func Income$1,175,509RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$83,487UnrelatedBusinessRevenueAmt
Exclusion$98,668ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$304,023TotalAmt
Program Services$101,341ProgramServicesAmt
Management And General$101,341ManagementAndGeneralAmt
Fundraising$101,341FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$961,228TotalAmt
Program Services$804,289ProgramServicesAmt
Management And General$156,939ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$55,479TotalAmt
Program Services$46,458ProgramServicesAmt
Management And General$9,021ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$60,764TotalAmt
Program Services$51,764ProgramServicesAmt
Management And General$9,000ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$89,128TotalAmt
Program Services$71,303ProgramServicesAmt
Management And General$17,825ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$69,662TotalAmt
Program Services$55,730ProgramServicesAmt
Management And General$13,932ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$112,376TotalAmt
Program Services$89,901ProgramServicesAmt
Management And General$22,475ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$11,880,292TotalAmt
Program Services$9,504,234ProgramServicesAmt
Management And General$2,376,058ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$441,156TotalAmt
Program Services$352,925ProgramServicesAmt
Management And General$88,231ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$159,616TotalAmt
Program Services$127,692ProgramServicesAmt
Management And General$31,924ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$42,426TotalAmt
Program Services$33,940ProgramServicesAmt
Management And General$8,486ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$67,251TotalAmt
Program Services$59,371ProgramServicesAmt
Management And General$7,880ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$56,388TotalAmt
Program Services$45,110ProgramServicesAmt
Management And General$11,278ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$236,475TotalAmt
Program Services$189,181ProgramServicesAmt
Management And General$47,294ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$59,675TotalAmt
Program Services$59,034ProgramServicesAmt
Management And General$641ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,962TotalAmt
Management And General$6,962ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
MISCELLANEOUS EXPENSE$60,946$48,757$12,189
PROGRAM EXPENSE$39,037$31,230$7,807
BAD DEBT EXPENSE$22,610$18,088$4,522
VOLUNTEER AND COMMUNITY$17,842$14,274$3,568

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total-$2,768TotalAmt
Program Services-$2,213ProgramServicesAmt
Management And General-$555ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,740,568TotalAmt
Program Services$11,702,409ProgramServicesAmt
Management And General$2,936,818ManagementAndGeneralAmt
Fundraising$101,341FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$296,811BOYAmt
EOY$847,198EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,804,263BOYAmt
EOY$3,119,480EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,685,711BOYAmt
EOY$3,441,894EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$202,733BOYAmt
EOY$261,631EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$11,234BOYAmt
EOY$10,614EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,871,772LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$630,544LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,288,071BOYAmt
EOY$1,241,228EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$25,969BOYAmt
EOY$12,420EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$138,701BOYAmt
EOY$101,099EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,453,493BOYAmt
EOY$9,035,564EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,741,555BOYAmt
EOY$3,750,240EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$246,944BOYAmt
EOY$395,466EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,988,499BOYAmt
EOY$4,145,706EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,270,346BOYAmt
EOY$4,463,713EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$194,648BOYAmt
EOY$426,145EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,464,994BOYAmt
EOY$4,889,858EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,453,493BOYAmt
EOY$9,035,564EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$431,664ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$6,800OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

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 C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedfalseSubstantiallyAllDuesNondedInd
Only In House LobbyingfalseOnlyInHouseLobbyingInd
Agree Carryover Prior YearfalseAgreeCarryoverPriorYearInd
Non Deductible Lbbyng Pltcl CY$120,150NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov$70,000NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot$190,150NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$17,927AggregateReportedDuesNtcAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART IVFormAndLineReferenceDesc
ExplanationPART III-B THIS ORGANIZATION CONTROLS THE FOLLOWING SUBSIDARY NON-PROFIT ORGANIZATION: THE LAFAYETE-WEST LAFAYETTE CHAMBER OF COMMERCE, INC., EIN 35-0350880. THE ACTIVITY OF THE SUBSIDIARY IS REPORTED BY THE PARENT ON THIS TAX RETURN. THE MEMBERSHIP DUES REPORTED BY THE PARENT ORGANZATION ON THIS RETURN ARE RECEIVED ENTIRELY BY THE SUBSIDIARY ORGANZATION AND ALL LOBBYING EXPENDITURES ARE INCURRED BY THE PARENT ORGANIZATION. NONE OF THE MEMBERSHIP DUES RECEIVED BY THE SUBSIDIARY ORGANIZATION ARE USED TO FUND LOBBYING EXPENDITURES PAID BY THE PARENT.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$100,000OtherCostOrOtherBasisAmt
Book Value$100,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,653,971OtherCostOrOtherBasisAmt
Depreciation$518,484DepreciationAmt
Book Value$1,135,487BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$117,801OtherCostOrOtherBasisAmt
Depreciation$112,060DepreciationAmt
Book Value$5,741BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,241,228TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRES AN ORGANIZATION TO MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON ITS TAX RETURNS. THE ORGANIZATIONS RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FEDERAL AND STATE INCOME TAX RETURNS OF GREATER LAFAYETTE COMMERCE AND SUBSIDIARIES FOR 2024, 2023, 2022, AND 2021 ARE SUBJECT TO EXAMINATION BY TAXINGAUTHORITIES (GENERALLY FOR THREE YEARS AFTER THEY WERE FILED).ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSCOTT WALKERPersonNm
TitlePRESIDENT & CEOTitleTxt
Base Compensation Filing Org$52,836BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$158,507CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$10,610BonusFilingOrganizationAmount
Bonus Related Organizations$31,830BonusRelatedOrganizationsAmt
Deferred Compensation Flng Org$3,891DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$11,674DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$8,669NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$26,006NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$76,006TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$228,017TotalCompensationRltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PART IIIFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION PAYS THE ANNUAL DUES OF 4,245 FOR THE CEO'S MEMBERSHIP IN THE COUNTRY CLUBS.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonSEE PART VPersonNm
FieldValueIRS element (for citing)
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART VFormAndLineReferenceDesc
ExplanationVARIOUS BOARD MEMBERS AND THE BUSINESSES THEY WORK FOR PROVIDE A VARIETY OF SERVICES TO THE ORGANIZATION THROUGHOUT THE YEAR. NO INDIVIDUAL TRANSACTIONS MET THE REPORTING THRESHOLD.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART IIIPART I AND III - MISSION CONTINUED: BY PROVIDING LEADERSHIP FOR THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC AND COMMUNITY DEVELOPMENT STRATEGIES TO ADDRESS THE CHANGING NEEDS OF THESE COMMUNITIES.
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD PRIOR TO BEING FILED.
FORM 990, PAGE 6, PART VI, LINE 12CCONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY AT DESIGNATED BOARD MEETINGS.
FORM 990, PAGE 6, PART VI, LINE 15ACOMPENSATION FOR THE PRESIDENT'S SALARY IS APPROVED BY THE BOARD UPON RECOMMENDATION OF THE EXECUTIVE COMMITTEE.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GALLOCATE TO UBIT -36,826 -9,206 0 BANK SERVICE FEE 19,014 4,753 0 PROFESSIONAL FEES 58,212 14,553 0 CONTRACTUAL EXPENSE 9,095,007 2,273,752 0 CONTRACTOR/VENDOR 12,887 3,222 0 CONTRACTOR/VENDOR: PERSONNEL 319,114 79,778 0 MAGAZINE SALES 36,826 9,206 0 TOTAL 9,504,234 2,376,058 0
FORM 990, PART XI, LINE 9BOOK / TAX DEPRECIATION DIFFERENCE -6,800

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Business Name Line2DisregardedEntityName/BusinessNameLine2TxtAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACd
LAFAYETTE-WEST LAFAYETTE CHAMBER OF
COMMERCE INCPO BOX 348LAFAYETTEIN479020348350350880MEMBERSHIPIN6NAfalse
GLC COMMUNITY DEVELOPMENT FDN
PO BOX 348LAFAYETTEIN47902813745360CHARITABLIN3Yes (true)12AN/A
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Business Name Line2OtherOrganizationName/BusinessNameLine2TxtTransaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
LAFAYETTE-WEST LAFAYETTE CHAMBER OF
COMMERCE INCS$65,727CASH
GLC COMMUNITY DEVELOPMENT FNDN
Q$437,845CASH

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