City Of Laporte Urban Enterprise Zone Inc
- Assets
- $1.6m
- Revenue
- $815.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Laporte, IN
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 32-0038926
Organization Overview
City Of Laporte Urban Enterprise Zone Inc is located in Laporte, IN. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Laporte Urban Enterprise Zone 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 12/2021, City Of Laporte Urban Enterprise Zone Inc generated $815.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $606.0k during the year ending 12/2021. While expenses have increased by 16.1% 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
TO IMPLEMENT THE MANDATES OF THE INDIANA ENTERPRISE ZONE LAWS AND REGULATIONS FOR THE CITY OF LAPORTE, INDIANA TO FURTHER ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUSINESS FACADE REBATE AND PAINT PROGRAM WAS DESIGNED TO HELP BUSINESS WITH EXTERIOR IMPROVEMENTS. THE ELIGIBLE REHABILITATION ACTIVITIES INCLUDE, DOORS, WINDOWS, ROOFS, SIGNAGE, FENCING, PAINTING, SIDING, PORCHES, INSULATION, SIDEWALKS, LANDSCAPE AND MORE.
THE COMMUNITY AND RESIDENTIAL ENHANCEMENT PROGRAM WAS DESIGNED TO HELP THE LAPORTE COMMUNITY BY REPAIRING CITY SIDEWALKS, REVITALIZING LAPORTE CITY PARKS AND FUND VARIOUS RESIDENTIAL PROPERTY IMPROVEMENT PROJECTS.
THE FARMERS MARKET PROGRAM WAS DESIGNED TO ASSIST IN THE CREATION OF A VIBRANT FARMER'S MARKET WITHIN THE ENTERPRISE ZONE TO PROVIDE THE COMMUNITY THE OPPORTUNITY TO PURCHASE REGIONALLY GROWN FOOD AND LOCALLY MADE ARTS AND CRAFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bert Cook Vice Preside | Officer | $0 | |
Michael Riehle President | Officer | $0 | |
Frank Cardello Secretary Tr | Officer | $0 | |
Jim Barnhart Director | Trustee | $0 | |
Tracy Connors Director | Trustee | $0 | |
Scott Cooley Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $796,799 |
| Investment income | $289 |
| 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 | $815,147 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,272 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $129,666 |
| Total functional expenses | $605,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,087 |
| Savings and temporary cash investments | $1,279,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,747 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,627,911 |
| Accounts payable and accrued expenses | $3,132 |
| 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 | $3,132 |
| Net assets without donor restrictions | $1,624,779 |
| 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 | $1,627,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Of Laporte Urban Enterprise Zone Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Peter C Kesling Foundation Laporte, IN PURPOSE: GENERAL CONTRIBUTIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |