Wabash County Business Alliance Foundation Inc

Organization Overview

Wabash County Business Alliance Foundation Inc, operating under the name Grow Wabash County Foundation, is located in Wabash, IN. The organization was established in 1983. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Grow Wabash County Foundation 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 12/2023, Grow Wabash County Foundation generated $234.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $315.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ECONOMIC DEVELOPMENT AND INDUSTRIAL GROWTH IN WABASH COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSISTS IN ENABLING EXPANSION OF SMALL BUSINESS IN WABASH COUNTY AND COMBATS NEIGHBORHOOD DETERIORATION BY PROMOTING STABILITY, GROWTH, AND DEVELOPMENT OF SMALL BUSINESS.


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Board, Officers & Key Employees

Name (title)Compensation
Keith Gillenwater 11 - 121623
Ceo/pres
$0
Tenille Zartman
Ceo/pres
$0
Marilyn Custer-Mitchell
Chair
$0
Brian Haupert
Treasurer
$0
Scott Long
Secretary
$0
Adam Penrod
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $55,000
All other contributions, gifts, grants, and similar amounts not included above$170,775
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$225,775
Total Program Service Revenue$0
Investment income $8,276
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 $234,051

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