Preble County Development Partnership EIN 27-1658406

Preble County Development Partnership FY2020 filing

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Drives economic growth and community improvement in Preble County. For fiscal year 2020 it reported $298K in revenue, $185K in expenses, and $823K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Eaton, OH
Website
www.pcdp.net
Filings
5 on file (2020–2020)
Revenue
$298KFY2020
Expenses
$185K
Net assets
$823K
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-1658406 Public charity (501(c)(3)) Eaton, OH
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Drives economic growth and community improvement in Preble County.
Leadership
Brenda Latanza · Executive Director · $116K
Money in and out
$298K revenue, $185K expenses
Bottom line
76% program efficiency
Where the money goes · FY2020
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$185K
Pt IX · Ln 25
Net assets
$823K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs
Operating runway
53.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$298K
FY2020
Expenses
$185K
FY2020
Total assets
$823K
FY2020
Total liabilities
$0
FY2020
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$185K
Pt IX · Ln 25
Net assets
$823K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$823K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

1 program service account for $141K of program spending, described in the organization's own filed words · FY2020.
01

The preble county development partnership, inc. Was formed to address important growth and development issues and to assist in the creation of jobs and opportunity for everyone in preble county now and in the future.

$141Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPreble County Development Partnership
EINHdr · item D27-1658406
Principal addressHdr · item CEaton, OH
WebsiteHdr · item Jwww.pcdp.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFAug 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$116,369Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Past-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Permanent Trustee
$0Pt VII · Sec A
Permanent Trustee
$0Pt VII · Sec A
Permanent Trustee
$0Pt VII · Sec A
Permanent Trustee
$0Pt VII · Sec A

Justin Sommer’s $123K as Executive Director is at the 83rd percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Justin Sommer$123,147$123,147
Brenda Latanza$104,749$117,351$116,369

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$296K · 99%
Investment income$2K · 1%
Contributions & grants99%$296K
Investment income1%$2K
— government grantsLn 1e$115K
Total revenueLn 12$298K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$141K
Management & general24%$44K
Total functional expensesLn 25$185K

Balance Sheet

Part X · end of year
CashLn 1$823K
Total assetsLn 16$823K
Total liabilitiesLn 26$0
Total net assetsLn 32$823K
Months of cash on handcomputed53.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $823K · Operating expenses/yr $185K
53.3 months
Where the money goes
Program services
Program services $141K · Total expenses $185K
76%
Management & General
Management & general $44K · Total expenses $185K
24%
Fundraising
Fundraising $0 · Total expenses $185K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $181K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $296K · Total revenue $298K
99%
Government reliance
Government grants $115K · Total revenue $298K
39%
Earned-income share
Program service revenue $0 · Total revenue $298K
0%
Investment reliance
Investment income $2K · Total revenue $298K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $185K
0%
Growth & trend
Revenue growth (YoY)
This year $298K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $823K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $298K · Expenses $185K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $823K
Net-asset ratio
Net assets $823K · Total assets $823K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $823K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brenda Latanza · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $116K · Total expenses $185K
63%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $145K · Total expenses $185K
78%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $499K · 2023–2024
Eaton Hospitality GroupFY2024$100,000
Preble County Education Service CenterFY2024$25,000
Barnes Butcher ShopFY2023$90,000
Preble County Education Service CenterFY2023$25,000
Eaton Fire & EmsFY2023$19,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$332K revenue · ⤓ 990 PDF
FY2023$713K revenue · ⤓ 990 PDF
FY2022$555K revenue · ⤓ 990 PDF
FY2021$298K revenue · ⤓ 990 PDF
FY2020$298K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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