Grant County Economic Growth Council Inc
- Assets
- $9.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Marion, IN
- Founding
- 12/1984
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Grant County Economic Growth Council Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $990.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 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
2023
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
- 2023 WAS A TRANSITIONAL YEAR IN SEARCH OF AN EXECUTIVE DIRECTOR. - CONTACTS AND VISITS WERE MADE WITH LOCAL INDUSTRIAL COMPANIES. WORKED WITH IEDC IN SUPPORT OF LOCAL BUSINESSES. - ASSISTED BUSINESSES AND LOCAL ELECTED OFFICIALS WITH ABATEMENT TIF DISCUSSIONS AND REQUESTS - ORGANIZED AND HELD AN INVESTOR APPRECIATION EVENT. HIGHLIGHTING AND ENCOURAGING BUSINESS DEVELOPMENT AND EXPANSION. - SUPPORTED WORKFORCE DEVELOPMENT THROUGH PARTICIPATION IN 21ST CENTURY TALENT COALITION, EAST CENTRAL INDIANA TALENT COLLABORATION, PARTNERSHIP WITH TAYLOR UNIVERSITY CENTER FOR INNOVATION AND ENTREPRENEURSHIP, ASSITED IN COORDINATION OF VARIOUS WORKFORCE TRAINING INITIATIVES. - AWARDED ONE CHARM GRANT. HAD TO PUT THE PROGRAM ON HOLD DUE TO LACK OF FUNDING. - REPRESENTED GRANT COUNTY THROUGH THE READI 1.0 PROCESS. BEGAN THE PROCESS OF LEADING IN TO THE READI 2.0 PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charity Bailey 2023 Executi | Officer | 40 | $18,026 |
Adrienne Rines Hammond President | OfficerTrustee | 1 | $0 |
Kristi Pulley President El | OfficerTrustee | 1 | $0 |
Trevor Martens Treasurer/se | OfficerTrustee | 1 | $0 |
Jess Alumbaugh Director | Trustee | 1 | $0 |
Chuck Binkerd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,490 |
| Total Program Service Revenue | $1,733 |
| Investment income | $776,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,100 |
| 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 | $1,098,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,552 |
| Compensation of current officers, directors, key employees. | $2,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,021 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $218 |
| Payroll taxes | $3,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,823 |
| Fees for services: Accounting | $8,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,633 |
| Advertising and promotion | $22,585 |
| Office expenses | $3,064 |
| Information technology | $5,270 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $2,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,666 |
| Interest | $773,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $668 |
| Insurance | $5,560 |
| All other expenses | $0 |
| Total functional expenses | $990,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,500 |
| Savings and temporary cash investments | $6,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $207,978 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,987 |
| Net Land, buildings, and equipment | $96,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,356,074 |
| Total assets | $9,913,078 |
| Accounts payable and accrued expenses | $2,474 |
| 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 | $9,265,000 |
| Other liabilities | $0 |
| Total liabilities | $9,267,474 |
| Net assets without donor restrictions | $434,778 |
| Net assets with donor restrictions | $210,826 |
| 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 | $9,913,078 |