Michiana Partnership Inc
- Assets
- $1.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 14
- Location
- South Bend, IN
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 80-0688483
Organization Overview
Michiana Partnership Inc, operating under the name South Bend Elkhart Regional Partnership, is located in South Bend, IN. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, South Bend Elkhart Regional Partnership employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bend Elkhart Regional Partnership is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, South Bend Elkhart Regional Partnership generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 19.0% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTH BEND - ELKHART REGIONAL PARTNERSHIP FOCUSES ON A LONG-TERM SYSTEMIC APPROACH TO ADVANCE THE REGION'S ECONOMY BY ALIGNING THE EFFORTS OF VARIOUS STAKEHOLDERS AROUND FIVE KEY AREAS: EDUCATING A WORLD-CLASS WORKFORCE, RECRUITING AND RETAINING GREAT TALENT, ATTRACTING AND GROWING NEW ECONOMY COMPANIES IN COMPLEMENT TO OUR REMARKABLY STRONG MANUFACTURING INDUSTRIES, PROMOTING INCLUSION AND SPARKING OPPORTUNITIES FOR MINORITIES AND HELPING ENTREPRENEURS THRIVE. THE SOUTH BEND ELKHART REGIONAL PARTNERSHIP SEEKS TO UNIFY AND COLLABORATE SO THAT TOGETHER, THE COMMUNITIES ACROSS THE REGION WORK TOGETHER TO ACHIEVE WHAT CANNOT BE DONE INDIVIDUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FOSTERS COLLABORATION WITHIN THE MICHIANA REGION, WORKS TO IMPROVE THE QUALITY AND VIBRANCY OF MICHIANA COMMUNITIES, AND WORKS TO ATTRACT AND RETAIN BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Garatoni Member | Trustee | 1 | $0 |
Jim Keenan Member | Trustee | 1 | $0 |
Shelley Klug Member | Trustee | 1 | $0 |
Carl Baxmeyer Member | Trustee | 1 | $0 |
Chuck Lehman Member | Trustee | 1 | $0 |
Rose Meissner Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,220,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $636,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,856,493 |
| Total Program Service Revenue | $412,189 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,269,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,500 |
| 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. | $187,812 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,960 |
| Fees for services: Accounting | $25,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,682 |
| Advertising and promotion | $111,044 |
| Office expenses | $42,588 |
| Information technology | $15,393 |
| Royalties | $0 |
| Occupancy | $64,352 |
| Travel | $13,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,631 |
| Insurance | $9,801 |
| All other expenses | $6,857 |
| Total functional expenses | $1,844,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,083,991 |
| 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 | $121,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,970 |
| Total assets | $1,733,698 |
| Accounts payable and accrued expenses | $27,443 |
| Grants payable | $0 |
| Deferred revenue | $64,618 |
| 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 | $125,970 |
| Total liabilities | $218,031 |
| Net assets without donor restrictions | $1,515,667 |
| 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 | $1,733,698 |
Grants Awarded
Over the last fiscal year, Michiana Partnership Inc has awarded $32,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH COUNTY CEO INC PURPOSE: HIGH SCHOOL ENTREPRENEUR EDUCATION SUPPORT GRANT | $15,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: MCCLOSKEY COMPETITION SPONSORSHIP, GROW THE GOOD IN BUSINESS CASE COMPETITION | $17,500 |