Evansville Regional Economic Partnership Inc
- Assets
- $4.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 43
- Location
- Evansville, IN
- Founding
- 07/1943
- Data as of
- 09/2023
- EIN
- 35-0298180
Organization Overview
Evansville Regional Economic Partnership Inc, operating under the name Chamber Of Commerce Of Southwest Ind, is located in Evansville, IN. The organization was established in 1943. 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 09/2023, Chamber Of Commerce Of Southwest Ind employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of Southwest Ind 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 09/2023, Chamber Of Commerce Of Southwest Ind generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $5.3m during the year ending 09/2023. While expenses have increased by 15.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE OF THE METROPOLITAN EVANSVILLE AND SOUTHWESTERN INDIANA AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED NEW AND EXISTING BUSINESS IN THE AREA THROUGH VARIOUS EVENTS, SUCH AS AN ANNUAL BANQUET, GOLF OUTINGS, AND LUNCHEONS WITH THE MAYOR AND GOVERNOR. PROVIDED NETWORKING OPPORTUNITIES FOR MEMBERS THROUGH BUSINESS EXCHANGES AND VARIOUS OTHER MEMBER ACTIVITIES.
LOCATED IN THE HEART OF DOWNTOWN EVANSVILLE, INNOVATION POINTE IS CAREFULLY CURATED TO OFFER AFFORDABLE WORKSPACES, FACILITATE BENEFICIAL COLLISIONS AND PROVIDE ACCESS TO SMALL BUSINESS RESOURCES FOR ENTREPRENEURS TO START AND THRIVE IN THE EVANSVILLE REGION.
HOSTED THE SMALL BUSINESS DEVELOPMENT CENTER, WHICH HAS PROGRAMS AND SERVICES TO ASSIST INDIVIDUALS AND COMPANIES REACH THEIR GOALS BY OFFERING: (1) FREE ONE-ON-ONE BUSINESS COUNSELING IN BUSINESS PLAN DEVELOPMENT, MARKETING, FINANCIAL PLANNING AND OTHER BUSINESS TOPICS; (2) CONFIDENTIAL CONSULTATION FOR EXISTING BUSINESS OWNERS AND NEW ENTREPRENEURS; (3) PRACTICAL SEMINARS AND WORKSHOPS ON A VARIETY OF BUSINESS TOPICS; AND (4) A WIDE SELECTION OF REFERENCE MATERIALS.
EDUCATED MEMBERS ON ISSUES AFFECTING THEIR BUSINESS AND THE COMMUNITY. REPRESENTED MEMBERSHIP AND ADVOCATE ISSUES OF IMPORTANCE TO THE REGIONAL BUSINESS COMMUNITY AT VARIOUS LEVELS OF GOVERNMENT BY SERVING AS THE VOICE OF THE REGIONAL BUSINESS COMMUNITY. ENGAGED ITS MEMBERSHIP THROUGH POLICY COMMITTEES, A POLITICAL ACTION COMMITTEE AND SPECIAL EVENTS WITH ELECTED REPRESENTATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Sutton Director | Trustee | 1 | $0 |
Richard Leger Director | Trustee | 1 | $0 |
Tim Hollander Director | Trustee | 1 | $0 |
Tami Hack Director | Trustee | 1 | $0 |
Matthew Folz Director | Trustee | 1 | $0 |
Cheryl Musgrave Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $335,529 |
| Fundraising events | $0 |
| Related organizations | $529,594 |
| Government grants | $235,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,324,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,425,439 |
| Total Program Service Revenue | $1,339,229 |
| Investment income | $21,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $421,445 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,932 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,236,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $2,194,357 |
| Pension plan accruals and contributions | $134,967 |
| Other employee benefits | $153,952 |
| Payroll taxes | $174,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,741 |
| Fees for services: Accounting | $39,786 |
| Fees for services: Lobbying | $62,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $915,905 |
| Advertising and promotion | $299,191 |
| Office expenses | $142,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $425,221 |
| Travel | $85,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,725 |
| Interest | $281 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,944 |
| Insurance | $0 |
| All other expenses | $83,874 |
| Total functional expenses | $5,289,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,164,454 |
| Savings and temporary cash investments | $61,274 |
| Pledges and grants receivable | $165,893 |
| Accounts receivable, net | $1,280,986 |
| 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 | $37,708 |
| Net Land, buildings, and equipment | $290,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $304,982 |
| Total assets | $4,306,291 |
| Accounts payable and accrued expenses | $931,185 |
| Grants payable | $0 |
| Deferred revenue | $684,512 |
| 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 | $135,334 |
| Total liabilities | $1,751,031 |
| Net assets without donor restrictions | $2,519,702 |
| Net assets with donor restrictions | $35,558 |
| 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 | $4,306,291 |