Starke County Development Foundation Inc
- Assets
- $1.3m
- Revenue
- -$729.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Knox, IN
- Founding
- 07/1985
- Data as of
- 06/2022
- 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 06/2022, Starke County Development Foundation Inc employed 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Lisa Dan Executive Director | Officer | 40 | $62,893 |
Carla Musial Treasurer | OfficerTrustee | 1 | $0 |
Dave Howell Vice President | OfficerTrustee | 1 | $0 |
Janice Hernandez President | OfficerTrustee | 1 | $0 |
Jim Wagner Secretary | OfficerTrustee | 1 | $0 |
Aj Gappa Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,469 |
| Total Program Service Revenue | $0 |
| Investment income | $3,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$969,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$729,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700 |
| 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. | $66,327 |
| Compensation of current officers, directors, key employees. | $6,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,551 |
| Pension plan accruals and contributions | $1,239 |
| Other employee benefits | $12,376 |
| Payroll taxes | $8,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,904 |
| Office expenses | $24,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,889 |
| Travel | $1,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,407 |
| Interest | $43,566 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,006 |
| Insurance | $2,009 |
| All other expenses | $0 |
| Total functional expenses | $390,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,247 |
| Savings and temporary cash investments | $863,856 |
| 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 | $3,619 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,147 |
| Net Land, buildings, and equipment | $283,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,564 |
| Total assets | $1,281,756 |
| Accounts payable and accrued expenses | $5,363 |
| 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 | $0 |
| Total liabilities | $5,363 |
| Net assets without donor restrictions | $1,276,393 |
| 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 | $1,281,756 |
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