Grant County Economic Growth Council Inc
- Assets
- $10.7m
- Revenue
- $949.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Marion, IN
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 35-1589550
Organization Overview
Grant County Economic Growth Council Inc is located in Marion, IN. The organization was established in 1984. 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, Grant County Economic Growth Council Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grant County Economic Growth Council Inc 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, Grant County Economic Growth Council Inc generated $949.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $956.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 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
TO PROMOTE A VIBRANT, SUSTAINABLE ECONOMY IN GRANT COUNTY THAT ATTRACTS AND EMPOWERS BUSINESS GROWTH AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GROWTH COUNCIL PROVIDED TO FOLLOWING FOR GRANT COUNTY INDIANA: BUSINESS RETENTION AND EXPANSION 15 PROJECTS (2021) 13 BUSINESS VISITS (2021) HOSTED COVID CALLS FOR BUSINESSES, HEALTHCARE, AND EMERGENCY MANAGEMENT (2021) 4 MANUFACTURERS LUNCHES (2021) RECOGNIZED 52 FOR-PROFIT BUSINESSES FOR THEIR INVESTMENTS IN THE COUNTY ATTRACTION 16 NEW BUSINESS PROJECTS 77 REQUESTS FOR INFORMATION REGARDING SITES IN GRANT COUNTY ATTENDED 3 CONSULTANT VISITS IN VARIOUS PLACES IN THE US WORKFORCE HOSTED 3 JOB FAIRS CO-CHAIR THE 21ST CENTURY TALENT COALITION GRANT COUNTY HR GROUP 11 GRANT FOR GRADS RECIPIENTS OVER 300 JOB POSTINGS THROUGHOUT THE YEAR ENTREPRENEURSHIP PARTNERED WITH RONALD MORRELL ON YOUNG BUSINESS OWNERS MEETINGS 3 CHARM GRANT RECIPIENTS PARTNER WITH THE INDIANA SMALL BUSINESS DEVELOPMENT CENTER (MUNCIE) COLLABORATION SOLAR ORDINANCE PARTICIPATION EV CONVERSATIONS ADULT BASIC EDUCATION READI GRANT AND ARP MONEY MEETINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Eckerle Executive Di | Officer | 40 | $94,860 |
Philip Bowers Vice Preside | OfficerTrustee | 1 | $0 |
Brett Carey Past Preside | OfficerTrustee | 1 | $0 |
Paul Dash VP Develop/t | OfficerTrustee | 1 | $0 |
Anne Duncan President | OfficerTrustee | 1 | $0 |
Ashley Savio President El | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $233,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,217 |
| Total Program Service Revenue | $2,380 |
| Investment income | $565,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,344 |
| Net Gain/Loss on Asset Sales | $1,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $949,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,452 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,706 |
| Compensation of current officers, directors, key employees. | $19,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,776 |
| Payroll taxes | $11,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,582 |
| Fees for services: Accounting | $18,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,674 |
| Fees for services: Other | $4,279 |
| Advertising and promotion | $7,931 |
| Office expenses | $10,398 |
| Information technology | $57,181 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $13,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,250 |
| Interest | $557,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,537 |
| Insurance | $5,698 |
| All other expenses | $0 |
| Total functional expenses | $956,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,419 |
| Savings and temporary cash investments | $6,645 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $21,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $198,373 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,406 |
| Net Land, buildings, and equipment | $100,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,129,569 |
| Total assets | $10,672,470 |
| Accounts payable and accrued expenses | $749 |
| 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 | $10,035,000 |
| Other liabilities | $0 |
| Total liabilities | $10,035,749 |
| Net assets without donor restrictions | $345,168 |
| Net assets with donor restrictions | $291,553 |
| 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 | $10,672,470 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grant County Economic Growth Council Inc has recieved totaling $27,200.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Grant County Indiana Inc Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $12,400 |
Community Foundation Of Grant County Indiana Inc Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $12,400 |
Atlas Foundry Foundation Inc Marion, IN PURPOSE: GENERAL | $2,400 |
Endowment Analysis
| Beg. Balance | $85,824 |
| Earnings | $9,869 |
| Admin Expense | $1,674 |
| Ending Balance | $94,019 |
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 |