One Southern Indiana Inc
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $209.6k
- Employees
- 19
- Location
- New Albany, IN
- Founding
- 05/2006
- Data as of
- 06/2023
- EIN
- 20-4176026
Organization Overview
One Southern Indiana Inc is located in New Albany, IN. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, One Southern Indiana Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Southern Indiana Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, One Southern Indiana Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 7.7% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CREATION OF A UNIFIED EFFORT TO MOVE SOUTHERN INDIANA FORWARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE CREATION OF A UNIFIED EFFORT TO MOVE SOUTHERN INDIANA FORWARD. THE ORGANIZATION PROACTIVELY WORKS TO GROW THE REGIONAL ECONOMY THROUGH BUSINESS ATTRACTION, RETENTION AND EXPANSION IN SOUTHERN INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Huber Director | Trustee | 2.5 | $0 |
Ann Carruthers Director | Trustee | 2.5 | $0 |
Kimberly Halbauer Director | Trustee | 2.5 | $0 |
Adrian Brown Immediate Past Chair | OfficerTrustee | 8 | $0 |
James Hartman Director | Trustee | 2.5 | $0 |
Bill Reedy Board Chair | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,266 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,265 |
| Total Program Service Revenue | $1,646,949 |
| Investment income | $18,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,247 |
| Net Income from Fundraising Events | -$2,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,937,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $233,234 |
| Compensation of current officers, directors, key employees. | $74,635 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $772,983 |
| Pension plan accruals and contributions | $45,700 |
| Other employee benefits | $37,780 |
| Payroll taxes | $72,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,563 |
| Fees for services: Accounting | $14,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,569 |
| Advertising and promotion | $72,572 |
| Office expenses | $54,488 |
| Information technology | $29,276 |
| Royalties | $0 |
| Occupancy | $80,267 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,678 |
| Insurance | $9,644 |
| All other expenses | $26,567 |
| Total functional expenses | $1,779,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,278 |
| Savings and temporary cash investments | $1,263,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,298 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,665 |
| Net Land, buildings, and equipment | $40,026 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $209,562 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $393,452 |
| Total assets | $2,212,564 |
| Accounts payable and accrued expenses | $365,983 |
| Grants payable | $0 |
| Deferred revenue | $319,558 |
| 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 | $399,929 |
| Total liabilities | $1,085,470 |
| Net assets without donor restrictions | $888,163 |
| Net assets with donor restrictions | $238,931 |
| 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 | $2,212,564 |