Dubois County Area Development Corporation
- Assets
- $643.7k
- Revenue
- $295.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Jasper, IN
- Founding
- 02/2005
- Data as of
- 12/2021
- 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 12/2021, Dubois County Area Development Corporation employed 4 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 12/2021, Dubois County Area Development Corporation generated $295.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $252.2k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECON DEVELOPMENT OF DUBOIS COUNTY, IN
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 ANALYSIS TO DETERMINE OVERALL ECONOMIC CONDITION OF DUBOIS COUNTY, INDIANA.
RECRUITING AND TRAINING PROGRAMS FOR AREA BUSINESSES AND THEIR PERSONNEL.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Edward Cole President-Corp | Officer | 40 | $111,766 |
Dean Vonderheide Secretary | Officer | 0 | $0 |
Scott Denhart Director | Officer | 0 | $0 |
Allison Menke Director | Officer | 0 | $0 |
Melanie Powell Treasurer | Officer | 0 | $0 |
Ken Sicard Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,486 |
| Total Program Service Revenue | $0 |
| Investment income | $7,513 |
| 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 | $294,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250 |
| 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. | $111,766 |
| Compensation of current officers, directors, key employees. | $111,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,538 |
| Pension plan accruals and contributions | $4,606 |
| Other employee benefits | $0 |
| Payroll taxes | $12,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,397 |
| Fees for services: Accounting | $9,206 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $239 |
| Office expenses | $1,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,497 |
| All other expenses | $0 |
| Total functional expenses | $252,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $541,905 |
| 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 | $101,802 |
| 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 | $643,707 |
| 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 | $5,620 |
| Total liabilities | $5,620 |
| Net assets without donor restrictions | $638,087 |
| 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 | $643,707 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dubois County Area Development Corporation has recieved totaling $78,360.
| Awarding Organization | Amount |
|---|---|
Regional Opportunity Initiatives Inc Bloomington, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $39,180 |
Regional Opportunity Initiatives Inc Bloomington, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $39,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |