Dubois County Area Development Corporation
- Assets
- $650.8k
- Revenue
- $324.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Jasper, IN
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 20-0902292
Organization Overview
Dubois County Area Development Corporation is located in Jasper, IN. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Dubois County Area Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dubois County Area Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Dubois County Area Development Corporation generated $324.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $316.6k during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT OF DUBOIS COUNTY, INDIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE COUNTY WIDE ORGANIZATION AND BUSINESS WEBSITE, APPLIED FOR ECONOMIC DEVELOPMENT RELATED GRANTS & PROGRAMS; MARKET ANALYUSIS TO DETERMINE OVERALL ECONOMIC CONDITION OF DUBOIS COUNTY, INDIANA
MEET WITH COMMUNITY GROUPS TO IMPLEMENT COMMUNITY/ECONOMIC DEVELOPMENT PLAN; RETAIN & EXPAND EXISTING BUSINESSES; RECRUIT NEW BUSINESS TO THE AREA BY PROMOTING AREA STRENGTHS AND OPPORTUNITIES
RECRUITING AND TRAINING PROGRAMS FOR AREA BUSINESSES AND THEIR PERSONNEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Edward Cole President-Co | Officer | 40 | $107,213 |
Luke Bawel Director | Trustee | $0 | |
Jane Betz Director | Trustee | $0 | |
Christian Blome Director | Trustee | $0 | |
Elmer Brames Director | Trustee | $0 | |
Kyle Chase Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,591 |
| Total Program Service Revenue | $0 |
| Investment income | $5,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,213 |
| Compensation of current officers, directors, key employees. | $107,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,946 |
| Pension plan accruals and contributions | $4,902 |
| Other employee benefits | $0 |
| Payroll taxes | $12,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,641 |
| Fees for services: Accounting | $11,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,072 |
| Advertising and promotion | $596 |
| Office expenses | $4,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,533 |
| All other expenses | $0 |
| Total functional expenses | $316,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $562,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $88,664 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $650,802 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,666 |
| Total liabilities | $4,666 |
| Net assets without donor restrictions | $646,136 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $650,802 |