Anderson Corporation For Economic Development
- Assets
- $452.9k
- Revenue
- $373.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Anderson, IN
- Founding
- 02/1982
- Data as of
- 12/2021
- EIN
- 35-1473675
Organization Overview
Anderson Corporation For Economic Development, operating under the name Corporation For Economic Development, is located in Anderson, IN. The organization was established in 1982. 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. As of 12/2021, Corporation For Economic Development employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation For Economic Development 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, Corporation For Economic Development generated $373.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $271.5k during the year ending 12/2021. 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
THE PRIMARY EXEMPT PURPOSE OF THE ANDERSON CORPORATION FOR ECONOMIC DEVELOPMENT IS TO PLAN AND UNDERTAKE ACTIVITIES LEADING TO A STEADY JOB GROWTH, INCREASING ECONOMIC DIVERSITY AND A STRENGTHENED EMPLOYER BASE IN THE CITY OF ANDERSON AND COUNTY OF MADISON, INDIANA. CENTRAL TO THIS PURPOSE IS THE DEVELOPMENT OF MULTIPLE INDUSTRIAL PARKS TO ATTRACT AND MAINTAIN BUSINESSES AND INDUSTRY. IN ADDITION, THERE ARE ONGOING EFFORTS TO ASSIST BUSINESSES IN GROWING OR RELOCATING IN MADISON COUNTY, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE RECEIVED 185 NEW PROJECT SUBMISSIONS FOR MADISON COUNTY AND ACHIEVED 5 PROJECT SUCCESSES, CREATING MORE THAN 70 NEW JOBS AND MORE THAN $58 MILLION OF INVESTMENT. OF THESE SUCCESSES, 3 WERE A NEW ATTRACTION TO MADISON COUNTY, AND 2 WERE EXPANSIONS OF EXISTING COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Sparks Executive Director | Officer | 40 | $114,200 |
Mark Harville Vice President | Officer | 0.5 | $0 |
Kirk Klabunde President | Officer | 0.5 | $0 |
Jerry Breeck Secretary | Officer | 0.5 | $0 |
Linda Radaker Treasurer | Officer | 0.5 | $0 |
Migual Patterson Director | Trustee | 0.5 | $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 | $46,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,700 |
| Total Program Service Revenue | $326,405 |
| Investment income | $0 |
| 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 | $373,105 |
| 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. | $114,200 |
| Compensation of current officers, directors, key employees. | $11,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,230 |
| Pension plan accruals and contributions | $17,098 |
| Other employee benefits | $0 |
| Payroll taxes | $12,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,309 |
| Fees for services: Accounting | $2,504 |
| 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 | $1,096 |
| Information technology | $7,238 |
| Royalties | $0 |
| Occupancy | $11,510 |
| Travel | $7,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $619 |
| Insurance | $3,440 |
| All other expenses | $0 |
| Total functional expenses | $271,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,149 |
| 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 | $4,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $253,732 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,904 |
| Accounts payable and accrued expenses | $338 |
| 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 | $3,281 |
| Total liabilities | $3,619 |
| Net assets without donor restrictions | $449,285 |
| 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 | $452,904 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anderson Corporation For Economic Development has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Community Hospital Of Anderson- Madison County Inc Anderson, IN PURPOSE: GENERAL SUPPORT | $15,000 |
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 |