Blackford County Economic Development Corporation
- Assets
- $570.2k
- Revenue
- $421.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Hartford City, IN
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 35-1718387
Organization Overview
Blackford County Economic Development Corporation is located in Hartford City, IN. The organization was established in 1989. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Blackford County Economic Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blackford County Economic Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Blackford County Economic Development Corporation generated $421.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $398.3k during the year ending 12/2021. While expenses have increased by 15.0% per year over the past 7 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.
Since 2020, Blackford County Economic Development Corporation has awarded 18 individual grants totaling $146,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC DEVELOPMENT IN BLACKFORD COUNTY INDIANA. IN 2021 BCEDC CONTINUED TO MARKET TWO COUNTY INDUSTRIAL PARKS AND MANAGED OCRA SMALL BUSINESS RELIEF GRANTS FOR LOCAL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED MARKETING TWO COUNTY INDUSTRIAL PARKS. HELPED NEW AND CURRENT EMPLOYERS WITH LEGAL ENVIRONMENTAL AND TAX ABATEMENTS ISSUES. ADMINISTERED OCRA SMALL BUSINESS RELIEF GRANTS FOR LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren C Brown Jr Executive Director | OfficerTrustee | 40 | $64,240 |
John Lancaster Board Vice-President | OfficerTrustee | 1 | $0 |
Melanie Parker Board Secretary Treasurer | OfficerTrustee | 1 | $0 |
Daniel Borgenheimer Board President | OfficerTrustee | 5 | $0 |
Cris Clevenger Director | Trustee | 1 | $0 |
Ryan Goodspeed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $401,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,350 |
| Total Program Service Revenue | $0 |
| Investment income | $580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| 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 | $421,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $243,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,240 |
| Compensation of current officers, directors, key employees. | $16,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,757 |
| Pension plan accruals and contributions | $1,903 |
| Other employee benefits | $0 |
| Payroll taxes | $5,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,978 |
| Office expenses | $4,148 |
| Information technology | $938 |
| Royalties | $0 |
| Occupancy | $18,600 |
| Travel | $523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,897 |
| Insurance | $640 |
| All other expenses | $0 |
| Total functional expenses | $398,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,098 |
| Savings and temporary cash investments | $511,584 |
| Pledges and grants receivable | $1,100 |
| 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 | $3,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $570,159 |
| Accounts payable and accrued expenses | $2,209 |
| 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 | $0 |
| Total liabilities | $2,209 |
| Net assets without donor restrictions | $0 |
| 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 | $567,950 |
| Total liabilities and net assets/fund balances | $570,159 |
Grants Awarded
Over the last fiscal year, Blackford County Economic Development Corporation has awarded $146,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
HARTFORD CITY FOAM PURPOSE: COVID Relief | $22,500 |
HARTFORD CITY HEALTH CLUB PURPOSE: COVID Relief | $10,000 |
SINCLAIR GLASS PURPOSE: COVID Relief | $10,000 |
ECOWATER OF HARTFORD CITY LLC PURPOSE: COVID Relief | $10,000 |
THE TASTY SPOON PURPOSE: COVID Relief | $8,000 |
COMMON GROUNDS PURPOSE: COVID Relief | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |