WABASH COUNTY BUSINESS ALLIANCE FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
WABASH COUNTY BUSINESS ALLIANCE FOUNDATION INC (EIN 35-1538747)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-12
IRS object ID
201303169349304160
Schema version
2012v2.3
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)
Timestamp2013-11-12T12:11:14-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1REA LOGAN & CO LLC CPA'SBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 317AddressLine1
CityWABASHCity
StateINState
ZIP Code469920317ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN351538747EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ECONOMIC DEVELOPMENT GROUP OFBusinessNameLine1
Business Name Line2WABASH COUNTY INCBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlECONNameControl
Phone2605635258Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1214 S WABASH STREETAddressLine1
CityWABASHCity
StateINState
ZIP Code469923132ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameWILLIAM KONYHAName
TitlePRESIDENT/CEOTitle
Phone2605635258Phone
Date Signed2013-11-06DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLINDA L REA CPAName
Phone2605631141Phone
Date Prepared2013-11-05DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts786463GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.EDGWC.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1980YearFormation
State Legal DomicileINStateLegalDomicile
Activity Or Mission DescriptionTO PROMOTE ECONOMIC DEVELOPMENT AND INDUSTRIAL GROWTH IN WABASH COUNTY.ActivityOrMissionDescription
Nbr Voting Members Governing Body9NbrVotingMembersGoverningBody
Nbr Independent Voting Members6NbrIndependentVotingMembers
Total Nbr Employees3TotalNbrEmployees
Total Nbr Volunteers94TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year115522ContributionsGrantsPriorYear
Contributions Grants Current Year638302ContributionsGrantsCurrentYear
Program Service Revenue Prior Year180025ProgramServiceRevenuePriorYear
Program Service Revenue CY140915ProgramServiceRevenueCY
Investment Income Prior Year6078InvestmentIncomePriorYear
Investment Income Current Year4885InvestmentIncomeCurrentYear
Other Revenue Prior Year3421OtherRevenuePriorYear
Other Revenue Current Year2361OtherRevenueCurrentYear
Total Revenue Prior Year305046TotalRevenuePriorYear
Total Revenue Current Year786463TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year199502SalariesEtcPriorYear
Salaries Etc Current Year202660SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year85428OtherExpensePriorYear
Other Expenses Current Year117413OtherExpensesCurrentYear
Total Expenses Prior Year284930TotalExpensesPriorYear
Total Expenses Current Year320073TotalExpensesCurrentYear
Revenues Less Expenses Prior Year20116RevenuesLessExpensesPriorYear
Revenues Less Expenses CY466390RevenuesLessExpensesCY
Total Assets BOY368417TotalAssetsBOY
Total Assets EOY839058TotalAssetsEOY
Total Liabilities BOY23213TotalLiabilitiesBOY
Total Liabilities EOY27464TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY345204NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY811594NetAssetsOrFundBalancesEOY
Mission DescriptionTO PROMOTE ECONOMIC DEVELOPMENT AND INDUSTRIAL GROWTH IN WABASH COUNTY.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense320073Expense
DescriptionASSISTS IN ENABLING EXPANSION OF SMALL BUSINESS IN WABASH COUNTY AND COMBATS NEIGHBORHOOD DETERIORATION BY PROMOTING STABILITY, GROWTH, AND DEVELOPMENT OF SMALL BUSINESS.Description
Total Program Service Expense320073TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetstrueReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10962NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees3NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members9NbrVotingGoverningBodyMembers
Number Independent Voting Members6NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledINStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonWILLIAM S KONYHANamePerson
Telephone Number2605635258TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1214 S WABASH ST SUITE BAddressLine1
CityWABASHCity
StateINState
ZIP Code46992ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (10 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
RON KERBY
PAST CHAIR1.00XX000
MARILYN CUSTER-MITCHELL
CHAIR2.00XX000
DAN HANNAFORD
SECRETARY2.00XX000
JOHN PHILIPPSEN
TREASURER2.00XX000
BRIAN HAUPERT
DIRECTOR1.00X000
GREG METZ
DIRECTOR1.00X000
TODD LYBARGER
DIRECTOR1.00X000
LAURA SHEETS
DIRECTOR1.00X000
ROBERT VANLANDINGHAM
DIRECTOR1.00X000
WILLIAM KONYHA
CEO/PRES50.00X14914000
FieldValueIRS element (for citing)
Total Reportable Comp From Org149140TotalReportableCompFromOrg
Number Individuals GT100 K1NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Government Grants12500GovernmentGrants
All Other Contributions625802AllOtherContributions
Noncash Contributions150500NoncashContributions
Total Contributions638302TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionFEE INCOMEDescription
Total Revenue Column140915TotalRevenueColumn
Related Or Exempt Function Income140915RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue140915TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column4885TotalRevenueColumn
Exclusion$4,885ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUS INCOMEDescription
Total Revenue Column2361TotalRevenueColumn
Related Or Exempt Function Income2361RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue2361TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column786463TotalRevenueColumn
Related Or Exempt Function Income143276RelatedOrExemptFunctionIncome
Exclusion$4,885ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total190309Total
Program Services190309ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total12351Total
Program Services12351ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total1904Total
Program Services1904ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total4735Total
Program Services4735ProgramServices

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total107Total
Program Services107ProgramServices

Occupancy Occupancy

FieldValueIRS element (for citing)
Total5400Total
Program Services5400ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total13987Total
Program Services13987ProgramServices

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total5105Total
Program Services5105ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total396Total
Program Services396ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
ADVERTISING3142531425
WEB SITE MAINTENANCE95279527
INSURANCE77577757
CONTRACT LABOR75777577

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total29493Total
Program Services29493ProgramServices

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total320073Total
Program Services320073ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY50BOY
EOY50EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY159152BOY
EOY132652EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY85830BOY
EOY415017EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis161238LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec8159LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
EOY153079EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY123385BOY
EOY138260EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY368417BOY
EOY839058EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY23213BOY
EOY27464EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY23213BOY
EOY27464EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY288259BOY
EOY754649EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY56945BOY
EOY56945EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY345204BOY
EOY811594EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY368417BOY
EOY839058EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses466390ReconcilationRevenueExpenses
Method Of Accounting OtherXMethodOfAccountingOther
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years239139CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years69193CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years75769CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year73847CurrentTaxYearMinus1Year
Current Tax Year217381CurrentTaxYear
Total675329Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years239139CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years69193CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years75769CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year73847CurrentTaxYearMinus1Year
Current Tax Year217381CurrentTaxYear
Total675329Total
FieldValueIRS element (for citing)
Public Support Total170675329PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years19134CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years15408CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years8569CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year6078CurrentTaxYearMinus1Year
Current Tax Year4885CurrentTaxYear
Total54074Total
FieldValueIRS element (for citing)
Total Support729403TotalSupport
Gross Receipts From Admissions Etc1046029GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.92590PublicSupportPertcentage170
Public Support Pertcent Prior Year0.91330PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis150500OtherCostOrOtherBasis
Book Value150500BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis10738OtherCostOrOtherBasis
Depreciation8159Depreciation
Book Value2579BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings153079TotalOfBookValueLandBuildings

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionLAND DEVELOPMENT COSTSDescription
Book Value138260BookValue
FieldValueIRS element (for citing)
Total Book Value Other Assets138260TotalBookValueOtherAssets

Schedule M IRS990ScheduleM

Real Estate Commercial RealEstateCommercial

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions1NumberOfContributions
Noncash Contribs Rptd F990150500NoncashContribsRptdF990
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGifts
Third Parties UsedfalseThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITSFORM 990, PAGE 1, PART I, LINE 6VOLUNTEERS ARE USED FOR SOLICITATIONS AND ADMINISTRATIVE FUNCTIONS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BDRAFT RETURNS PROVIDED TO MANAGEMENT AND BOARD FOR REVIEW BEFORE FILING.
ENFORCEMENT OF CONFLICTS POLICYFORM 990, PAGE 6, PART VI, LINE 12CANNUAL REVIEW AND IF CONFLICT NOT PERMITTED TO VOTE.
COMPENSATION PROCESS FOR TOP OFFICIALFORM 990, PAGE 6, PART VI, LINE 15ACEO'S SALARY AND BENEFITS SUBJECT TO BOARD OF DIRECTORS' REVIEW AND APPROVAL.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19UPON REQUEST.

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