Lincolnland Economic Development Corporation
- Assets
- $233.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockport, IN
- Founding
- 02/1991
- Data as of
- 12/2022
- EIN
- 35-1812638
Organization Overview
Lincolnland Economic Development Corporation is located in Rockport, IN. The organization was established in 1991. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincolnland 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 12/2022, Lincolnland Economic Development Corporation generated $181.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $131.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE SPENCER COUNTY, INDIANA AS A LOCATION FOR INDUSTRIES TO LOCATE, PROMOTION OF ITS ATTRIBUTES FOR BUSINESS, GUIDE DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jefferson Lindsey Chairman | 8 | $0 | |
Chris Middleton Secretary | 5 | $0 | |
Jeff Vogel Vice President | 5 | $0 | |
Don Winkler Director | 2 | $0 | |
James Bundren Director | 2 | $0 | |
Heather Greis Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $28,500 |
| Investment income | $194 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,175 |
| Other Revenue | $0 |
| Total Revenue | $181,369 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $72,399 |
| Professional fees and other payments to independent contractors | $3,284 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $16,369 |
| Other expenses | $38,939 |
| Total expenses | $130,991 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $221,950 |
| Other assets | $0 |
| Total assets | $233,115 |
| Total liabilities | $23,660 |
| Net assets or fund balances | $209,455 |