GRANT COUNTY ECONOMIC GROWTH COUNCIL INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- GRANT COUNTY ECONOMIC GROWTH COUNCIL INC (EIN 35-1589550)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-06-24
- IRS object ID
- 201441759349300324
- Schema version
- 2013v3.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-06-24T12:40:18-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DULIN WARD & DEWALD INC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9921 DUPONT CIRCLE DR W 300 | AddressLine1 |
| City | FORT WAYNE | City |
| State | IN | State |
| ZIP Code | 468251610 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351589550 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT COUNTY ECONOMIC GROWTH | BusinessNameLine1 |
| Business Name Line2 | COUNCIL INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAN | BusinessNameControlTxt |
| Phone | 7656620650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 S ADAMS STREET | AddressLine1 |
| City | MARION | City |
| State | IN | State |
| ZIP Code | 46952 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIM ECKERLE | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 7656620650 | PhoneNum |
| Signature | 2014-06-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | J NELSON COATS CPA | PreparerPersonNm |
| PTIN | P01344872 | PTIN |
| Phone | 2604232414 | PhoneNum |
| Preparation | 2014-06-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TIMOTHY K ECKERLE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 S ADAMS STREET | AddressLine1 |
| City | MARION | City |
| State | IN | State |
| ZIP Code | 46952 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $535,817 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | GRANTCOUNTY.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF GRANT COUNTY ECONOMIC GROWTH COUNCIL IS TO FACILITATE INVESTMENT AND REINVESTMENT FOR JOB RETENTION AND CREATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 7 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $396,486 | PYContributionsGrantsAmt |
| CY Contributions Grants | $507,536 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $75,834 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,337 | CYProgramServiceRevenueAmt |
| PY Investment Income | $19,663 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,779 | CYInvestmentIncomeAmt |
| PY Other Revenue | $48,856 | PYOtherRevenueAmt |
| CY Other Revenue | $165 | CYOtherRevenueAmt |
| PY Total Revenue | $540,839 | PYTotalRevenueAmt |
| CY Total Revenue | $535,817 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $6,375,747 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $191,357 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $190,093 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $16,395 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $282,865 | PYOtherExpensesAmt |
| CY Other Expenses | $842,702 | CYOtherExpensesAmt |
| PY Total Expenses | $474,222 | PYTotalExpensesAmt |
| CY Total Expenses | $7,408,542 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $66,617 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$6,872,725 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $620,868 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,833,475 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,725 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,079,419 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $610,143 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$6,245,944 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF GRANT COUNTY ECONOMIC GROWTH COUNCIL IS TO FACILITATE INVESTMENT AND REINVESTMENT FOR JOB RETENTION AND CREATION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | Yes (true) | SignificantChangeInd |
| Expense | $7,292,012 | ExpenseAmt |
| Grant | $6,375,747 | GrantAmt |
| Revenue | $18,036 | RevenueAmt |
| Desc | SEE SCHEDULE O. GRANT COUNTY ECONOMIC GROWTH COUNCIL ENABLES THE CREATION AND RETENTION OF JOBS BY ATTRACTING NEW BUSINESSES TO GRANT COUNTY AND HELPING EXISTING GRANT COUNTY BUSINESSES EXPAND. IN 2013 THE GRANT COUNTY ECONOMIC GROWTH COUNCIL ASSISTED THE CITY OF MARION'S EFFORT TO ATTRACT CAF VALLEY BAKERY'S 48 MILLION INVESTMENT AND 400 JOBS (THE PROJECT) TO GRANT COUNTY. THE CITY OF MARION ISSUED TAX INCREMENT FINANCING BONDS TO RAISE THE MONEY FOR THE PROJECT. PART OF THE BOND PROCEEDS WERE UTILIZED BY THE COUNCIL TO PURCHASE LAND. SUBSEQUENTLY, THE COUNCIL MADE A GRANT OF A PORTION OF THE LAND PLUS CONSTRUCTION COSTS TO THE PROJECT. THE GRANT FOR GRADS PROJECT PROVIDES FINANCIAL ASSISTANCE TO GRADUATES OF UNIVERSITIES, COLLEGES, OR TECHNICAL SCHOOLS WHO AGREE TO LIVE AND WORK IN GRANT COUNTY. THE PROJECT BRINGS LOCAL BUSINESS OWNERS, REALTORS, AND LANDLORDS TOGETHER TO REDUCE THE COST OF LIVING FOR GRADUATES WORKING IN THE COMMUNITY. GRANT FOR GRADS IS AN INITIATIVE OF THE GRANT COUNTY ECONOMIC GROWTH COUNCIL THAT IS ADMINISTERED BY AFFORDABLE HOUSING & COMMUNITY DEVELOPMENT CORPORATION. TOGETHER, THESE ORGANIZATIONS ARE WORKING TO MAKE GRANT COUNTY A BETTER PLACE TO "LIVE, WORK, PLAY, AND STAY", AS THE PROGRAM MOTTO DESCRIBES. THE PROJECT PROVIDES EMPLOYERS WITH SKILLED WORKERS, LANDLORDS WITH RESPONSIBLE AND GAINFULLY EMPLOYED TENANTS, AND REALTORS WITH A LARGER CLIENT BASE. HAVING AN ABUNDANCE OF EDUCATED WORKERS IN THE AREA ALSO PROVIDES INCENTIVES TO BUSINESSES LOOKING TO RELOCATE OR START UP IN GRANT COUNTY. DURING 2013 THE GROWTH COUNCIL ASSISTED 25 INDIVIDUALS WITH THE PURCHASE OF A HOME OR RENTAL ASSISTANCE. THE GROWTH COUNCIL HAS A REVOLVING LOAN FUND FOR LOCAL BUSINESSES IN GRANT COUNTY TO ASSIST WITH ACQUISITION AND DEVELOPMENT OF LAND; CONSTRUCTION, REPAIRS OR MODERNIZATION OF BUILDINGS AND EQUIPMENT; AND/OR STARTUP OPERATING COSTS AND WORKING CAPITAL. THE COUNCIL CURRENTLY LOANS FUNDS TO SEVEN GRANT COUNTY BUSINESSES WITH ONE NEW LOAN MADE IN 2013. | Desc |
| Total Program Service Expenses | $7,292,012 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 11 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 7 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY K ECKERLE | PersonNm |
| Phone | 7656620650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 S ADAMS STREET | AddressLine1 |
| City | MARION | City |
| State | IN | State |
| ZIP Code | 46952 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| SCOTT ADAMS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARK BARDSLEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHRIS BENNETT | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WHITNEY BOWERS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHEILA BURKHART | ||||||
| SECRETARY/TR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOE CERTAIN | ||||||
| PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CALEB CRANDALL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BILL GARTLAND | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RONDA JONES | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MIKE KWASIBORSKI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MAYOR LARRY LEACH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TOM LEHMAN | ||||||
| VP STRATEGY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DAVID LOER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID MAGNER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOSH MATCHETTE | ||||||
| VP RESOURCE | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JIM MCWHIRT | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SCOTT MURPHY | ||||||
| PAST PRESIDE | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| KEITH NEWMAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JIM NICHOLSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEVE NOTAR DONATO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TADE POWELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JACK SCIAUDONE | ||||||
| PRESIDENT EL | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MAYOR WAYNE SEYBOLD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AARON SNYDER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TIM STREET | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KAREN TURNER | ||||||
| VP MARKETING | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ANN VERMILION | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ERIC WALTS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOSELYN WHITTICKER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| STEVE WRIGHT | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TIMOTHY ECKERLE | ||||||
| EXECUTIVE DI | 40.00 | $94,860 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $94,860 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $367,681 | GovernmentGrantsAmt |
| All Other Contributions | $139,855 | AllOtherContributionsAmt |
| Total Contributions | $507,536 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| SPECIAL PROJECTS | 900099 | $18,036 | $18,036 | |
| RENTAL | 531120 | $3,301 | $3,301 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,337 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,786 | TotalRevenueColumnAmt |
| Exclusion | $3,786 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,993 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,993 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,993 | TotalRevenueColumnAmt |
| Exclusion | $2,993 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $165 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $165 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $165 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $535,817 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,201 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $10,080 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,375,747 | TotalAmt |
| Program Services | $6,375,747 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,860 | TotalAmt |
| Program Services | $67,351 | ProgramServicesAmt |
| Management And General | $18,023 | ManagementAndGeneralAmt |
| Fundraising | $9,486 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,085 | TotalAmt |
| Program Services | $61,300 | ProgramServicesAmt |
| Management And General | $11,425 | ManagementAndGeneralAmt |
| Fundraising | $3,360 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,760 | TotalAmt |
| Program Services | $4,335 | ProgramServicesAmt |
| Management And General | $992 | ManagementAndGeneralAmt |
| Fundraising | $433 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,388 | TotalAmt |
| Program Services | $10,076 | ProgramServicesAmt |
| Management And General | $2,306 | ManagementAndGeneralAmt |
| Fundraising | $1,006 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,228 | TotalAmt |
| Program Services | $2,228 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,552 | TotalAmt |
| Management And General | $12,552 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,172 | TotalAmt |
| Program Services | $13,172 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,074 | TotalAmt |
| Program Services | $47,074 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,230 | TotalAmt |
| Program Services | $4,230 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,056 | TotalAmt |
| Program Services | $18,857 | ProgramServicesAmt |
| Management And General | $4,316 | ManagementAndGeneralAmt |
| Fundraising | $1,883 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,181 | TotalAmt |
| Program Services | $45,181 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,996 | TotalAmt |
| Program Services | $31,996 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $409,027 | TotalAmt |
| Program Services | $409,027 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,986 | TotalAmt |
| Program Services | $11,238 | ProgramServicesAmt |
| Management And General | $521 | ManagementAndGeneralAmt |
| Fundraising | $227 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SPECIFIC ASSISTANCE | $124,857 | $124,857 | |
| BAD DEBT EXPENSE | $50,000 | $50,000 | |
| SPECIAL PROJECTS | $46,259 | $46,259 | |
| DUES AND SUBSCRIPTIONS | $12,553 | $12,553 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,531 | TotalAmt |
| Program Services | $6,531 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,408,542 | TotalAmt |
| Program Services | $7,292,012 | ProgramServicesAmt |
| Management And General | $100,135 | ManagementAndGeneralAmt |
| Fundraising | $16,395 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,168 | BOYAmt |
| EOY | $282,687 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,263 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,346 | BOYAmt |
| EOY | $26,729 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,048 | BOYAmt |
| EOY | $78,756 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $120,874 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,435 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,126 | BOYAmt |
| EOY | $102,439 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,917 | BOYAmt |
| EOY | $5,342,864 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $620,868 | BOYAmt |
| EOY | $5,833,475 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,725 | BOYAmt |
| EOY | $21,457 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $11,774,235 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $283,727 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,725 | BOYAmt |
| EOY | $12,079,419 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $399,611 | BOYAmt |
| EOY | -$6,491,351 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,167 | BOYAmt |
| EOY | $56,714 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $184,365 | BOYAmt |
| EOY | $188,693 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $610,143 | BOYAmt |
| EOY | -$6,245,944 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $620,868 | BOYAmt |
| EOY | $5,833,475 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$6,872,725 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $16,638 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $368,036 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $510,456 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $434,238 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $396,486 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $507,536 | CurrentTaxYearAmt |
| Total | $2,216,752 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $368,036 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $510,456 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $434,238 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $396,486 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $507,536 | CurrentTaxYearAmt |
| Total | $2,216,752 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $2,216,752 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,084 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,867 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,551 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,491 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,087 | CurrentTaxYearAmt |
| Total | $49,080 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,265,832 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $411,716 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97830 | PublicSupportCY170Pct |
| Public Support PY170 | 0.96750 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $84,367 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $21,098 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,875 | OtherExpendituresAmt |
| Administrative Expenses | $2,355 | AdministrativeExpensesAmt |
| End Year Balance | $97,235 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $76,195 | BeginningYearBalanceAmt |
| Contributions | $25 | ContributionsAmt |
| Investment Earnings Or Losses | $13,397 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,250 | OtherExpendituresAmt |
| End Year Balance | $84,367 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $71,016 | BeginningYearBalanceAmt |
| Contributions | $12,333 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,000 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,154 | OtherExpendituresAmt |
| End Year Balance | $76,195 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $65,070 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $10,720 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,774 | OtherExpendituresAmt |
| End Year Balance | $71,016 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $52,654 | BeginningYearBalanceAmt |
| Contributions | $40 | ContributionsAmt |
| Investment Earnings Or Losses | $17,182 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,806 | OtherExpendituresAmt |
| End Year Balance | $65,070 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.50000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.34000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.16000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $95,499 | OtherCostOrOtherBasisAmt |
| Book Value | $95,499 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $25,375 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,435 | DepreciationAmt |
| Book Value | $6,940 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $102,439 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| REDEVELOPMENT PROPERTY | $3,031,549 |
| LOAN ESCROW FUND | $1,774,305 |
| LOAN FEES | $439,225 |
| BENEFICIAL INTEREST | $97,235 |
| OTHER ASSET | $550 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,342,864 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED INTEREST | $264,582 |
| ESCROW FUNDS | $19,145 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $283,727 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $552,455 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $16,638 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $16,638 | RevenueNotReportedAmt |
| Revenue Subtotal | $535,817 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $535,817 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,408,542 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $7,408,542 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $7,408,542 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 2, PART V, LINE 4 | SUPPORT ACTIVITIES OF THE COUNCIL. |
| SCHEDULE D, PAGE 3, PART X | THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND QUALIFIES FOR THE 50% CHARITABLE CONTRIBUTIONS DEDUCTION LIMITATION. THE COUNCIL HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE COUNCIL'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE COUNCIL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR TAX YEARS ENDING ON OR BEFORE DECEMBER 31, 2009. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|---|---|---|---|
| CORNERSTONE MARION LLC | |||||||||
| 700 W BUCKEYE ROAD | PHEONIX | AZ | 85043 | 462437455 | $1,319,526 | FMV | LAND | REDVELOPMENT | |
| CV EAST LLC | |||||||||
| 700 W BUCKEYE ROAD | PHEONIX | AZ | 85043 | 462436397 | REDEVELOPMENT | $5,056,221 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 1 | TotalOtherOrgCnt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 3 | IN 2013 THE GRANT COUNTY ECONOMIC GROWTH COUNCIL INCURRED DEBT, A PORTION OF WHICH WAS USED TO PURCHASE A VACANT MANUFACTURING FACILITY AND OTHER REAL ESTATE FOR REDEVELOPMENT PURPOSES. A PORTION OF THE VACANT MANUFACTURING FACILITY WAS MADE SITE-READY AND GRANTED TO A BUSINESS CONCERN FOR CONSTRUCTION OF A NEW MANUFACTURING PLANT, WHICH WILL BRING 400 JOBS TO GRANT COUNTY AND REPLACES JOBS LOST WHEN THE PREVIOUS MANUFACTURING FACILITY WAS CLOSED. ADDITIONALLY, THE REMAINDER OF THE BORROWED FUNDS WERE GRANTED TO THE BUSINESS CONCERN TO ASSIST WITH THE CONSTRUCTION OF THE NEW MANUFACTURING FACILITY. |
| FORM 990, PAGE 2, PART III, LINE 4A | GRANT COUNTY ECONOMIC GROWTH COUNCIL ENABLES THE CREATION AND RETENTION OF JOBS BY ATTRACTING NEW BUSINESSES TO GRANT COUNTY AND HELPING EXISTING GRANT COUNTY BUSINESSES EXPAND. IN 2013 THE GRANT COUNTY ECONOMIC GROWTH COUNCIL ASSISTED THE CITY OF MARION'S EFFORT TO ATTRACT CAF VALLEY BAKERY'S 48 MILLION INVESTMENT AND 400 JOBS (THE PROJECT) TO GRANT COUNTY. THE CITY OF MARION ISSUED TAX INCREMENT FINANCING BONDS TO RAISE THE MONEY FOR THE PROJECT. PART OF THE BOND PROCEEDS WERE UTILIZED BY THE COUNCIL TO PURCHASE LAND. SUBSEQUENTLY, THE COUNCIL MADE A GRANT OF A PORTION OF THE LAND PLUS CONSTRUCTION COSTS TO THE PROJECT. THE GRANT FOR GRADS PROJECT PROVIDES FINANCIAL ASSISTANCE TO GRADUATES OF UNIVERSITIES, COLLEGES, OR TECHNICAL SCHOOLS WHO AGREE TO LIVE AND WORK IN GRANT COUNTY. THE PROJECT BRINGS LOCAL BUSINESS OWNERS, REALTORS, AND LANDLORDS TOGETHER TO REDUCE THE COST OF LIVING FOR GRADUATES WORKING IN THE COMMUNITY. GRANT FOR GRADS IS AN INITIATIVE OF THE GRANT COUNTY ECONOMIC GROWTH COUNCIL THAT IS ADMINISTERED BY AFFORDABLE HOUSING & COMMUNITY DEVELOPMENT CORPORATION. TOGETHER, THESE ORGANIZATIONS ARE WORKING TO MAKE GRANT COUNTY A BETTER PLACE TO "LIVE, WORK, PLAY, AND STAY", AS THE PROGRAM MOTTO DESCRIBES. THE PROJECT PROVIDES EMPLOYERS WITH SKILLED WORKERS, LANDLORDS WITH RESPONSIBLE AND GAINFULLY EMPLOYED TENANTS, AND REALTORS WITH A LARGER CLIENT BASE. HAVING AN ABUNDANCE OF EDUCATED WORKERS IN THE AREA ALSO PROVIDES INCENTIVES TO BUSINESSES LOOKING TO RELOCATE OR START UP IN GRANT COUNTY. DURING 2013 THE GROWTH COUNCIL ASSISTED 25 INDIVIDUALS WITH THE PURCHASE OF A HOME OR RENTAL ASSISTANCE. THE GROWTH COUNCIL HAS A REVOLVING LOAN FUND FOR LOCAL BUSINESSES IN GRANT COUNTY TO ASSIST WITH ACQUISITION AND DEVELOPMENT OF LAND; CONSTRUCTION, REPAIRS OR MODERNIZATION OF BUILDINGS AND EQUIPMENT; AND/OR STARTUP OPERATING COSTS AND WORKING CAPITAL. THE COUNCIL CURRENTLY LOANS FUNDS TO SEVEN GRANT COUNTY BUSINESSES WITH ONE NEW LOAN MADE IN 2013. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 WILL BE APPROVED BY THE EXECUTIVE COMMITTEE BEFORE FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION. |
| FORM 990, PAGE 6, PART VI, LINE 18 | IRS FORM 990 FOR THE LAST THREE YEARS IS POSTED ON GUIDESTAR.ORG. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST DURING REGULAR BUSINESS HOURS. |
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