Economic Development Coalition Of Southwest Indiana Inc
- Assets
- $0.0
- Revenue
- $499.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Evansville, IN
- Founding
- 02/2007
- Data as of
- 03/2021
- EIN
- 32-0152630
Organization Overview
Economic Development Coalition Of Southwest Indiana Inc is located in Evansville, IN. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Economic Development Coalition Of Southwest Indiana Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Coalition Of Southwest Indiana 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 03/2021, Economic Development Coalition Of Southwest Indiana Inc generated $499.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $251.6k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT OF THE FOUR SOUTHWEST INDIANA COUNTIES: GIBSON, POSEY, VANDERBURGH AND WARRICK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECONOMIC DEVELOPMENT COALITION OF SOUTHWEST INDIANA, WHICH IS THE UMBRELLA ECONOMIC DEVELOPMENT ORGANIZATION FOR GIBSON, POSEY, VANDERBURGH, AND WARRICK COUNTIES IN SOUTHWEST INDIANA. THE COALITION FACILITATES AND COORDINATES BUSINESS RETENTION, EXPANSION AND ATTRACTION ACTIVITIES; AND SUPPORTS EFFORTS TO ENHANCE THE BUSINESS CLIMATE THROUGH REGIONAL CAPACITY BUILDING.THE PRIMARY COMMUNITY DEVELOPMENT FUNCTION FOR THE COALITION IS TO BUILD REGIONAL CAPACITY FOR THE FOUR INDIANA COUNTIES OF THE EVANSVILLE, IN-HENDERSON, KY METROPOLITAN AREA. IN PARTICULAR, THE COALITION WILL SERVE AS THE REGIONAL PLANNING ORGANIZATION FOR THE FOUR-COUNTY REGION (GIBSON, POSEY, VANDERBURGH AND WARRICK COUNTIES) FOCUSING ONE HUNDRED PERCENT OF ITS TIME DURING A CALENDAR YEAR ON MANAGING INFRASTRUCTURE AND CAPACITY-BUILDING PROJECTS INCLUDING BUT NOT LIMITED TO SEWER, WATER, BROADBAND, COMMUNITY CENTER, LOW TO MODERATE INCOME HOUSING, ETC., AND BE THE PRIMARY INTERFACE FOR THE REGION WITH THE INDIANA OFFICE FOR COMMUNITY AND RURAL AFFAIRS ALONG WITH THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION.
THE ECONOMIC DEVELOPMENT COALITION OF SOUTHWEST INDIANA, WHICH IS THE UMBRELLA ECONOMIC DEVELOPMENT ORGANIZATION FOR GIBSON, POSEY, VANDERBURGH, AND WARRICK COUNTIES IN SOUTHWEST INDIANA. THE COALITION FACILITATES AND COORDINATES BUSINESS RETENTION, EXPANSION AND ATTRACTION ACTIVITIES; AND SUPPORTS EFFORTS TO ENHANCE THE BUSINESS CLIMATE THROUGH REGIONAL CAPACITY BUILDING.THE PRIMARY COMMUNITY DEVELOPMENT FUNCTION FOR THE COALITION IS TO BUILD REGIONAL CAPACITY FOR THE FOUR INDIANA COUNTIES OF THE EVANSVILLE, IN-HENDERSON, KY METROPOLITAN AREA. IN PARTICULAR, THE COALITION WILL SERVE AS THE REGIONAL PLANNING ORGANIZATION FOR THE FOUR-COUNTY REGION (GIBSON, POSEY, VANDERBURGH AND WARRICK COUNTIES) FOCUSING ONE HUNDRED PERCENT OF ITS TIME DURING A CALENDAR YEAR ON MANAGING INFRASTRUCTURE AND CAPACITY-BUILDING PROJECTS INCLUDING BUT NOT LIMITED TO SEWER, WATER, BROADBAND, COMMUNITY CENTER, LOW TO MODERATE INCOME HOUSING, ETC., AND BE THE PRIMARY INTERFACE FOR THE REGION WITH THE INDIANA OFFICE FOR COMMUNITY AND RURAL AFFAIRS ALONG WITH THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Wathen CEO & President | OfficerTrustee | 40 | $50,951 |
Steve Greenley Secretary | OfficerTrustee | 2 | $0 |
Ash Titzer Director | OfficerTrustee | 2 | $0 |
Jim Ryan Treasurer | OfficerTrustee | 2 | $0 |
Tim Hollander Chair Elect | OfficerTrustee | 2 | $0 |
Beth Mcfadin Higgins Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,994 |
| All other contributions, gifts, grants, and similar amounts not included above | $470,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,136 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,136 |
| 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. | $55,383 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,049 |
| Payroll taxes | $10,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,734 |
| Fees for services: Accounting | $12,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125 |
| Fees for services: Other | $7,525 |
| Advertising and promotion | $7,960 |
| Office expenses | $7,231 |
| Information technology | $470 |
| Royalties | $0 |
| Occupancy | $16,956 |
| Travel | $3,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,498 |
| Interest | $278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,474 |
| Insurance | $7,108 |
| All other expenses | $0 |
| Total functional expenses | $251,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $51,954 |
| Deferred revenue | $15,784 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
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