Radius Indiana Inc
- Assets
- $6.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Bedford, IN
- Founding
- 06/2010
- Data as of
- 12/2022
- EIN
- 26-4446362
Organization Overview
Radius Indiana Inc is located in Bedford, IN. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Radius Indiana Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radius Indiana Inc 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, Radius Indiana Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 16.3% 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
THE ORGANIZATIONS MISSION STATEMENT IS TO ADVANCE THE ECONOMY OF SOUTH CENTRAL INDIANA BY GENERATING HIGH-QUALITY EMPLOYMENT OPPORTUNITIES, DIVERSIFYING THE ECONOMIC BASE AND RAISING THE STANDARD OF LIVING FOR THE REGION'S RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND INFORMATION MANAGEMENT: MONITOR SOUTH CENTRAL INDIANA INDUSTRY ACTIVITY FOR STRENGTHS, WEAKNESS, OPPORTUNTIES AND THREATS FOR INVESTMENT OPPORTUNITIES.
DEPRECIATION
BUSINESS ATTRACTION: USING PRESENTATIONS AND HOSTING TOURS OF SOUTH CENTRAL INDIANA AND DEVELOPING MARKETING MATERIALS IN A EFFORT TO ENTICE NEW BUSINESSES TO THE AREA.
BUSINESS RENTENTION: ASSESS NEEDS AND OPPORTUNITES FOR LOCAL BUSINESS IN AN EFFORT TO RETAIN THE BUSINESS AND PROMOTE EXPANSION PROJECTS AND ENTREPRENEURSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Quyle CEO | 40 | $127,500 | |
Cary Albright Bod | Trustee | 1 | $0 |
Bryan Brackemyer Bod | Trustee | 1 | $0 |
Ed Cole Ledo | Trustee | 1 | $0 |
Sam Craig Bod | Trustee | 1 | $0 |
Shannon Dalton Bod | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,173,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,494,731 |
| Total Program Service Revenue | $0 |
| Investment income | $42,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,554,298 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $400,032 |
| Pension plan accruals and contributions | $32,095 |
| Other employee benefits | $57,485 |
| Payroll taxes | $29,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,049 |
| Fees for services: Accounting | $19,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,361 |
| Fees for services: Other | $938 |
| Advertising and promotion | $0 |
| Office expenses | $11,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,525 |
| Travel | $39,731 |
| 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 | $1,806 |
| Insurance | $5,615 |
| All other expenses | $320,222 |
| Total functional expenses | $1,897,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,418 |
| Savings and temporary cash investments | $10,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,502 |
| 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 | $0 |
| Net Land, buildings, and equipment | $62,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,969,029 |
| Total assets | $6,773,830 |
| Accounts payable and accrued expenses | $15,718 |
| 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 | $18,546 |
| Total liabilities | $34,264 |
| Net assets without donor restrictions | $6,489,566 |
| Net assets with donor restrictions | $250,000 |
| 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 | $6,773,830 |