Starke County Development Foundation INC FY2021 filing

Not tax-deductible

Knox, IN501(c)(6)Mutual / membership EIN 31-1139615Revenue $277K in FY2021Latest return filed Nov 7, 2025

On file with the IRSscedf.biz15 S Main St, 46534-1413 · Knox, INTax-exempt since Jul 1985

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Economic Development

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
90¢ of each $1 spent went to programs.
$133K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $251K a year · 449% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
22 mo
of spending, in cash
Looks good: 22.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$277K
Spent
$484K
To programs
90%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$277K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$277K
FY2022−$730K
FY2023$302K
FY2024$223K
FY2025$208K
Expenses
$484K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$484K
FY2022$390K
FY2023$286K
FY2024$167K
FY2025$206K
Net assets
$2.4M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.4M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.3M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1985.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $436K Management & general 10% · $48K

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

27 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Outgoing Executive Director/Board Member
$82,109Pt VII · Sec A
Incoming Executive Director
$51,223Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Larry Wickert————$82,109
Lisa Dan—$63,155$59,127$62,893$51,223
Mikaela Stogsdill$34,625————

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.

See Starke County Development Foundation INC executive salaries →

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 15aYes

Programs and updates

Attracts new businesses to Starke County by offering low-cost rentals, marketing industrial parks, and supporting lifelong learning initiatives.

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1 program · $436K · in their own filed words · FY2020
01

Bring new business into starke county by providing lower cost rental of buildings, marketing industrial parks and working with starke county initiative for lifelong learning.

$436Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$60K
Grants paid · 2 grants · $57K · 2022–2022
Loving Laughter Childcare INCFY2022$33,000
Seeds Early Learning NJ LLCFY2022$24,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$277K
Ln 12
Gifts and grantsLn 1h$249K
Other incomeLn 4–11$26K
Investment incomeLn 3$2K
Money outPt IX
$484K
Ln 25
Programscol B$436K
Managementcol C$48K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$892K
Total assetsLn 16$5.0M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
27
listed · VII A
PaidVII A2
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Government grantsLn 1e$223K
Investment incomeLn 3$2K
Other incomeLn 4–11$26K
Gains on assetsLn 7−$1K
Total revenueLn 12$277K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$844K
Cash and savings togetherLn 1–2$892K
Notes and loans receivableLn 7$295
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$4.1M
Other assetsLn 15$13K
Total assetsLn 16$5.0M
LiabilitiesLn 26$2.6M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 58
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$848K$892K
Land, buildings, equipmentLn 10c$1.8M$4.1M
Total assetsLn 16$5.2M$5.0M
LiabilitiesLn 26$2.6M$2.6M
Net assetsLn 32$2.6M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$76K$68K$8K
Other salaries and wagesLn 7$122K$110K$12K
Pension plan contributionsLn 8$3K$3K$284
Other employee benefitsLn 9$17K$15K$2K
Payroll taxesLn 10$16K$14K$2K
Accounting feesLn 11c$10K$9K$1K
Other fees for servicesLn 11g$11K$10K$1K
Advertising and promotionLn 12$3K$3K$284
Office expensesLn 13$13K$6K$6K
OccupancyLn 16$27K$24K$3K
TravelLn 17$831$748$83
Conferences, conventions and meetingsLn 19$558$502$56
InterestLn 20$58K$58K
Depreciation, depletion and amortizationLn 22$122K$110K$12K
InsuranceLn 23$668$602$66
Other expenses (24a–d)Ln 24$5K$5K$522
Total functional expensesLn 25$484K$436K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 7, 2025 $208K$206K$2K$1.3M 990 PDF
FY2024Filed with the IRS Nov 12, 2024 $223K$167K$56K$1.3M 990 PDF
FY2023Filed with the IRS Nov 13, 2023 $302K$286K$15K$1.3M 990 PDF
FY2022Filed with the IRS Nov 22, 2022 −$730K$390K−$1.1M$1.3M 990 PDF
FY2021 ViewingFiled with the IRS Oct 25, 2021 $277K$484K−$207K$2.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $276,944 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $285,203$248,741
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $58,650$1,745
I-11 Other revenuePrior year $18,020$26,458
I-12 Total revenuePrior year $361,873$276,944
I-13 Grants and similar amounts paidPrior year $6,820$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $264,579$233,736
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $276,151$250,614
I-18 Total expensesPrior year $547,550$484,350
I-19 Revenue less expensesPrior year −$185,677−$207,406
Part VI · Governance 26 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $276,944 across 7 lines filed
VIII-1e Government grants$222,741
VIII-1f All other contributions, gifts and grants$26,000
VIII-1h Total contributions, gifts and grants$248,741
VIII-3 Investment incomeExcluded from tax $3,010$3,010
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,265−$1,265
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26,458$26,458
VIII-12 Total revenueRelated to mission $25,193 · Unrelated business $0 · Excluded from tax $3,010$276,944
Part IX · Statement of functional expenses $484,350 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $68,172 · Management $7,574$75,746
IX-7 Other salaries and wagesPrograms $110,246 · Management $12,249$122,495
IX-8 Pension plan contributionsPrograms $2,560 · Management $284$2,844
IX-9 Other employee benefitsPrograms $15,063 · Management $1,674$16,737
IX-10 Payroll taxesPrograms $14,323 · Management $1,591$15,914
IX-11c Accounting feesPrograms $9,180 · Management $1,020$10,200
IX-11g Other fees for servicesPrograms $9,706 · Management $1,078$10,784
IX-12 Advertising and promotionPrograms $2,561 · Management $284$2,845
IX-13 Office expensesPrograms $6,076 · Management $6,464$12,540
IX-16 OccupancyPrograms $23,997 · Management $2,712$26,709
IX-17 TravelPrograms $748 · Management $83$831
IX-19 Conferences, conventions and meetingsPrograms $502 · Management $56$558
IX-20 InterestPrograms $57,816$57,816
IX-22 Depreciation, depletion and amortizationPrograms $110,196 · Management $12,244$122,440
IX-23 InsurancePrograms $602 · Management $66$668
IX-24 Other expenses (24a–d)Programs $4,701 · Management $522$5,223
IX-25 Total functional expensesPrograms $436,449 · Management $47,901 · Fundraising $0$484,350
Part X · Balance sheet $5,004,902 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $54,462$48,540
X-2 Savings and temporary cash investmentsStart of year $793,731$843,946
X-4 Accounts receivableStart of year $40,260$0
X-7 Notes and loans receivableStart of year $0$295
X-9 Prepaid expenses and deferred chargesStart of year $3,103$3,414
X-10c Land, buildings and equipment, netStart of year $1,755,194$4,095,319
X-15 Other assetsStart of year $2,517,984$13,388
X-16 Total assetsStart of year $5,164,734$5,004,902
X-17 Accounts payable and accrued expensesStart of year $21,150$7,108
X-23 Secured mortgages and notes payableStart of year $1,283,685$965,279
X-25 Other liabilitiesStart of year $1,255,878$1,635,900
X-26 Total liabilitiesStart of year $2,560,713$2,608,287
X-27 Net assets without donor restrictionsStart of year $2,508,021$2,396,615
X-28 Net assets with donor restrictionsStart of year $96,000$0
X-32 Total net assets or fund balancesStart of year $2,604,021$2,396,615
X-33 Total liabilities and net assetsStart of year $5,164,734$5,004,902
Part XI · Reconciliation of net assets $2,396,615 net assets at year end
XI-1 Total revenue$276,944
XI-2 Total expenses$484,350
XI-3 Revenue less expenses−$207,406
XI-4 Net assets at start of year$2,604,021
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,396,615

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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