Starke County Development Foundation Inc
- Assets
- $1.4m
- Revenue
- $301.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Knox, IN
- Founding
- 07/1985
- Data as of
- 06/2023
- EIN
- 31-1139615
Organization Overview
Starke County Development Foundation Inc is located in Knox, IN. The organization was established in 1985. 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 06/2023, Starke County Development Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starke County Development Foundation 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, Starke County Development Foundation Inc generated $301.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $286.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. 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
ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRING NEW BUSINESS INTO STARKE COUNTY BY PROVIDING LOWER COST RENTAL OF BUILDINGS, MARKETING INDUSTRIAL PARKS AND WORKING WITH STARKE COUNTY INITIATIVE FOR LIFELONG LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aj Gappa Treasurer | OfficerTrustee | 1 | $0 |
Bill Sonnemaker Board Member | Trustee | 1 | $0 |
Christin Romine Board Member | Trustee | 1 | $0 |
Dave Howell Vice President | OfficerTrustee | 1 | $0 |
Dennis Estok Board Member | Trustee | 1 | $0 |
Janice Hernandez President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,950 |
| Related organizations | $0 |
| Government grants | $243,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,160 |
| Total Program Service Revenue | $0 |
| Investment income | $13,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,988 |
| Net Income from Fundraising Events | -$19,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,790 |
| 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. | $63,142 |
| Compensation of current officers, directors, key employees. | $6,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,184 |
| Pension plan accruals and contributions | $1,232 |
| Other employee benefits | $12,377 |
| Payroll taxes | $8,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,357 |
| Office expenses | $5,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,038 |
| Travel | $3,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,240 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,019 |
| Insurance | $2,621 |
| All other expenses | $21 |
| Total functional expenses | $286,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,650 |
| Savings and temporary cash investments | $1,003,556 |
| 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 | $3,386 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,371 |
| Net Land, buildings, and equipment | $263,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,934 |
| Total assets | $1,353,243 |
| Accounts payable and accrued expenses | $5,450 |
| 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 | $56,215 |
| Total liabilities | $61,665 |
| Net assets without donor restrictions | $1,291,578 |
| 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 | $1,353,243 |
Grants Awarded
Over the last fiscal year, Starke County Development Foundation Inc has awarded $57,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOVING LAUGHTER CHILDCARE INC PURPOSE: PROVIDE CHILDCARE SERVICES | $33,000 |
SEEDS EARLY LEARNING NJ LLC PURPOSE: PROVIDE CHILDCARE SERVICES | $24,000 |