Sustainable Muncie Corp
- Assets
- $4.6m
- Revenue
- $830.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Muncie, IN
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-2734122
Organization Overview
Sustainable Muncie Corp is located in Muncie, IN. The organization was established in 2015. 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 12/2022, Sustainable Muncie Corp employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Muncie Corp 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 12/2022, Sustainable Muncie Corp generated $830.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $866.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHARITABLE SERVICES THAT 1) REVITALIZE A LOW OR MODERATE INCOME COMMUNITY 2) PROVIDE SMALL BUSINESS TRAINING AND PROMOTION, BUSINESS INCUBATOR SPACE, LENDING OF SMALL OR MICRO-BUSINESS LOANS AND 3) DEVELOP, OWN, AND MANAGE RETAIL AND COMMERCIAL PROPERTIES OR INDUSTRIAL PARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION, REVITALIZATION AND PROMOTION OF A COMMERCIAL PROPERTY LOCATED IN A LOW/MODERATE INCOME COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Ellery Director | Trustee | 1 | $0 |
Aaron Brunsman Director | Trustee | 1 | $0 |
Phil Tevis Director | Trustee | 1 | $0 |
Allison Robbins President | OfficerTrustee | 1 | $0 |
Peggy Cenova VP & Treasur | OfficerTrustee | 1 | $0 |
Alisa Wells Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,456 |
| Total Program Service Revenue | $388,017 |
| Investment income | $52 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,320 |
| Compensation of current officers, directors, key employees. | $1,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,277 |
| Office expenses | $16,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,961 |
| Insurance | $20,611 |
| All other expenses | $135,495 |
| Total functional expenses | $866,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,115 |
| 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 | $3,627,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $125,357 |
| Other assets | $5,969 |
| Total assets | $4,638,992 |
| Accounts payable and accrued expenses | $3,847 |
| 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 | $4,191,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $400 |
| Total liabilities | $4,196,243 |
| Net assets without donor restrictions | $442,749 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,638,992 |