Switzerland County Economic Development Corporation
- Assets
- $51.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Vevay, IN
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 32-0082296
Organization Overview
Switzerland County Economic Development Corporation is located in Vevay, IN. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Switzerland County Economic Development Corporation 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, Switzerland County Economic Development Corporation generated $178.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $211.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SWITZERLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION (SCEDC) CARRIES OUT THE COUNTY'S ECONOMIC DEVELOPMENT ACTIVITES BY ATTRACTING NEW INDUSTRIES TO THE AREA AND BY ENCOURAGING THE DEVELOPMENT AND RETENTION OF INDUSTRIES IN THE COMMUNITY. SCEDC HAS IDENTIFIED SEVERAL PRIORITY GOALS THAT SERVE AS A REFERENCE POINT AND "ROAD MAP" FOR THE FUTURE OF SWITZERLAND COUNTY. SCEDC IS COMMITTED TO PROTECTING A CLEAN, SAFE, RURAL LIFESTYLE WHILE PROVIDING 21ST CENTURY INFRASTRUCTURE, PUBLIC, MEDICAL AND EDUCATION SERVICES. SCEDC HAS PUT TOGETHER AN AGGRESSIVE STRATEGY FOR MAKING SWITZERLAND COUNTY A HOME TO A TOP QUALITY WORKFORCE AND TO BUSINESSES THAT NOT ONLY OFFER HIGH SKILL JOB OPPORTUNITIES BUT ARE ALSO GREAT COMMUNITY CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Bond President | 40 | $75,772 | |
Tom Conroy Vice Chair | 2 | $0 | |
Bruce Williams Secretary/treasurer | 2 | $0 | |
Rhonda Griffin Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $178,523 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $178,523 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,770 |
| Professional fees and other payments to independent contractors | $4,155 |
| Occupancy, rent, utilities, and maintenance | $4,557 |
| Printing, publications, postage, and shipping | $1,196 |
| Other expenses | $115,143 |
| Total expenses | $211,821 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,473 |
| Other assets | $0 |
| Total assets | $51,533 |
| Total liabilities | $82,514 |
| Net assets or fund balances | -$30,981 |