Cass Logansport Economic Development Orgization INC FY2020 filing

Tax-deductible

Logansport, IN501(c)(3)Community DevelopmentEIN 31-1114628Revenue $82K in FY2020

On file with the IRSconnectincass.com311 S 5th St, 46947-3151 · Logansport, INTax-exempt since Dec 1984Publicly supported charity — 170(b)(1)(A)(vi)

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To attract and retain business in Cass county indiana.

501(c)(3) charity; gifts are tax-deductible.
27¢ of each $1 spent went to programs.
$47K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $25K a year · 24% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
27%
of spending
Concern: 27% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$47K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82K
Spent
$117K
To programs
27%
Net assets
$279K
By yearFY2020–FY2024
Revenue
$82K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$82K
FY2021$84K
FY2022$100K
FY2023$101K
FY2024$144K
Expenses
$117K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$117K
FY2021$129K
FY2022$121K
FY2023$122K
FY2024$146K
Net assets
$279K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$279K
FY2021$234K
FY2022$213K
FY2023$192K
FY2024$190K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

27 cents of each dollar spent went to programs.

Program services 27% · $31K Management & general 73% · $86K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$47,308Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Bill Cuppy’s $81K as Executive Di is at the 57th percentile of top reported officer pay among 1708 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bill Cuppy$80,501$50$50,000$47,308$47,308

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Attracts and retains businesses in Cass County, Indiana.

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Provided by the organization

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2 programs · $31K · in their own filed words · FY2020
01

Pursuit of economic opportunities for logansport and cass county indiana businesses.

$26Kprogram expense
02

To provide G.E.D. Program to the general public with the belief that better educated population improves the economic development opportnities within cass county indiana.

$5Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$82K
Ln 12
Fees for servicesLn 2g$77K
Other incomeLn 4–11$4K
Investment incomeLn 3$1K
Money outPt IX
$117K
Ln 25
Programscol B$31K
Managementcol C$86K
Owns and owesPt X
$279K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$281K
LiabilitiesLn 26$2K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$77K
Investment incomeLn 3$1K
Other incomeLn 4–11$4K
Total revenueLn 12$82K
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
Land, buildings, equipmentLn 10c$113K
Total assetsLn 16$281K
LiabilitiesLn 26$2K
Net assetsLn 32$279K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$178K$154K
Land, buildings, equipmentLn 10c$117K$113K
Total assetsLn 16$316K$281K
LiabilitiesLn 26$1K$2K
Net assetsLn 32$315K$279K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$65K$16K$49K
Pension plan contributionsLn 8$4K$1K$3K
Payroll taxesLn 10$5K$1K$4K
Other fees for servicesLn 11g$2K$438$1K
Information technologyLn 14$1K$313$939
OccupancyLn 16$8K$966$7K
TravelLn 17$4K$900$3K
Depreciation, depletion and amortizationLn 22$17K$4K$13K
InsuranceLn 23$4K$1K$3K
Other expenses (24a–d)Ln 24$7K$5K$2K
All other expensesLn 24e$781$196$585
Total functional expensesLn 25$117K$31K$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $144K$146K−$2K$190K 990 PDF
FY2023 $101K$122K−$21K$192K 990 PDF
FY2022 $100K$121K−$21K$213K 990 PDF
FY2021 $84K$129K−$45K$234K 990 PDF
FY2020 Viewing $82K$117K−$35K$279K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $82,078 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $78,115$76,834
I-10 Investment incomePrior year $3,025$1,044
I-11 Other revenuePrior year $4,550$4,200
I-12 Total revenuePrior year $85,690$82,078
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $68,653$74,429
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,582$43,053
I-18 Total expensesPrior year $117,235$117,482
I-19 Revenue less expensesPrior year −$31,545−$35,404
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $82,078 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $76,834$76,834
VIII-3 Investment incomeRelated to mission $1,044$1,044
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,200$4,200
VIII-12 Total revenueRelated to mission $82,078 · Unrelated business $0 · Excluded from tax $0$82,078
Part IX · Statement of functional expenses $117,482 across 11 lines filed
IX-7 Other salaries and wagesPrograms $16,240 · Management $48,718$64,958
IX-8 Pension plan contributionsPrograms $1,079 · Management $3,237$4,316
IX-10 Payroll taxesPrograms $1,289 · Management $3,866$5,155
IX-11g Other fees for servicesPrograms $438 · Management $1,312$1,750
IX-14 Information technologyPrograms $313 · Management $939$1,252
IX-16 OccupancyPrograms $966 · Management $6,706$7,672
IX-17 TravelPrograms $900 · Management $2,700$3,600
IX-22 Depreciation, depletion and amortizationPrograms $4,310 · Management $12,929$17,239
IX-23 InsurancePrograms $1,057 · Management $3,171$4,228
IX-24 Other expenses (24a–d)Programs $4,711 · Management $1,820$6,531
IX-24e All other expensesPrograms $196 · Management $585$781
IX-25 Total functional expensesPrograms $31,499 · Management $85,983 · Fundraising $0$117,482
Part X · Balance sheet $280,967 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $178,164$153,604
X-10c Land, buildings and equipment, netStart of year $117,239$112,936
X-14 Intangible assetsStart of year $20,753$14,427
X-16 Total assetsStart of year $316,156$280,967
X-25 Other liabilitiesStart of year $1,393$1,608
X-26 Total liabilitiesStart of year $1,393$1,608
X-32 Total net assets or fund balancesStart of year $314,763$279,359
X-33 Total liabilities and net assetsStart of year $316,156$280,967
Part XI · Reconciliation of net assets $279,359 net assets at year end
XI-1 Total revenue$82,078
XI-2 Total expenses$117,482
XI-3 Revenue less expenses−$35,404
XI-4 Net assets at start of year$314,763
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$279,359

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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