Promotion of Kosciusko county for economic Development and business attraction, provide demographic information to government agencies and private businesses.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
61¢ of each $1 spent went to programs.
Run by 35 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
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
2 of 5
filings with a surplus
Average deficit $70K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$341K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-8% vs prior year
Spent
$1.3M
To programs
61%
Net assets
$246K
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$564K
FY2021$707K
FY2022$1.5M
FY2023$1.1M
FY2024$1.0M
Expenses
$1.3M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$509K
FY2021$663K
FY2022$1.6M
FY2023$1.3M
FY2024$1.3M
Net assets
$246K
FY2024▼ -52%
Tap a bar for its year
Net assets by fiscal year
FY2020$531K
FY2021$576K
FY2022$646K
FY2023$515K
FY2024$246K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1985.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $798K Management & general 34% · $450K Fundraising 5% · $63K

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

19 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
$65,692Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Alan Tio—$121,330$126,788$120,000$124,630
Peggy Friday$65,692————

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 Kosciusko Development INC executive salaries →

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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 15aYes

Programs and updates

Promotes county economic development and attracts businesses, providing data to government and private sectors.

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Provided by the organization

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1 program · $798K · in their own filed words · FY2024
01

Provide workshops, services, and other events for the community businesses. Provide information for businesses, whether non-profit, public or private, that may be interested in expanding or coming to the community.

$798Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$509K
Gifts and grantsLn 1h$496K
Other incomeLn 4–11$30K
Money outPt IX
$1.3M
Ln 25
Programscol B$798K
Managementcol C$450K
Fundraisingcol D$63K
Owns and owesPt X
$246K
net assets · Ln 32
Cash and savingsLn 1–2$477K
Total assetsLn 16$588K
LiabilitiesLn 26$341K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$496K
Government grantsLn 1e$169K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$509K
Investment incomeLn 3$8K
Other incomeLn 4–11$30K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$387K
SavingsLn 2$90K
Cash and savings togetherLn 1–2$477K
Land, buildings, equipmentLn 10c$21K
Other assetsLn 15$37K
Total assetsLn 16$588K
LiabilitiesLn 26$341K
Net assetsLn 32$246K
OperationsPt I, VI
EmployeesI 53
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$472K$477K
Land, buildings, equipmentLn 10c$18K$21K
Total assetsLn 16$1.1M$588K
LiabilitiesLn 26$535K$341K
Net assetsLn 32$515K$246K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$66K
Pay of disqualified personsLn 6$24K$24K
Other salaries and wagesLn 7$170K$90K$54K$26K
Pension plan contributionsLn 8$10K$1K$9K
Other employee benefitsLn 9$27K$11K$12K$4K
Payroll taxesLn 10$23K$7K$14K$2K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$92K$92K
Other fees for servicesLn 11g$294K$192K$94K$8K
Advertising and promotionLn 12$14K$129$4K$10K
Office expensesLn 13$14K$5K$8K$1K
OccupancyLn 16$46K$21K$24K$1K
TravelLn 17$6K$232$6K
Conferences, conventions and meetingsLn 19$35K$7K$19K$8K
Depreciation, depletion and amortizationLn 22$7K$2K$4K$683
InsuranceLn 23$9K$4K$5K
Other expenses (24a–d)Ln 24$464K$458K$3K$2K
Total functional expensesLn 25$1.3M$798K$450K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$1.3M−$269K$246K 990 PDF
FY2023 $1.1M$1.3M−$131K$515K 990 PDF
FY2022 $1.5M$1.6M−$49K$646K 990 PDF
FY2021 $707K$663K$44K$576K 990 PDF
FY2020 $564K$509K$55K$531K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,042,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $583,591$495,691
I-9 Program service revenuePrior year $531,298$509,204
I-10 Investment incomePrior year $4,800$7,925
I-11 Other revenuePrior year $12,099$30,051
I-12 Total revenuePrior year $1,131,788$1,042,871
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $499,694$319,826
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $762,953$991,546
I-18 Total expensesPrior year $1,262,647$1,311,372
I-19 Revenue less expensesPrior year −$130,859−$268,501
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,042,871 across 10 lines filed
VIII-1b Membership dues$113,928
VIII-1e Government grants$168,859
VIII-1f All other contributions, gifts and grants$212,904
VIII-1g Noncash contributions (included above)$5,264
VIII-1h Total contributions, gifts and grants$495,691
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $509,204$509,204
VIII-3 Investment incomeExcluded from tax $7,925$7,925
VIII-6 Net rental income or lossRelated to mission $23,439$23,439
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,612$6,612
VIII-12 Total revenueRelated to mission $539,255 · Excluded from tax $7,925$1,042,871
Part IX · Statement of functional expenses $1,311,372 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $65,692$65,692
IX-6 Pay of disqualified personsManagement $24,189$24,189
IX-7 Other salaries and wagesPrograms $89,756 · Management $54,177 · Fundraising $25,962$169,895
IX-8 Pension plan contributionsPrograms $1,427 · Management $8,719$10,146
IX-9 Other employee benefitsPrograms $11,322 · Management $11,744 · Fundraising $3,688$26,754
IX-10 Payroll taxesPrograms $6,860 · Management $14,256 · Fundraising $2,034$23,150
IX-11b Legal feesManagement $11,853$11,853
IX-11c Accounting feesManagement $92,055$92,055
IX-11g Other fees for servicesPrograms $191,962 · Management $93,844 · Fundraising $8,106$293,912
IX-12 Advertising and promotionPrograms $129 · Management $4,302 · Fundraising $9,960$14,391
IX-13 Office expensesPrograms $4,503 · Management $8,382 · Fundraising $1,033$13,918
IX-16 OccupancyPrograms $20,770 · Management $23,645 · Fundraising $1,334$45,749
IX-17 TravelPrograms $232 · Management $5,599$5,831
IX-19 Conferences, conventions and meetingsPrograms $7,408 · Management $19,401 · Fundraising $7,902$34,711
IX-22 Depreciation, depletion and amortizationPrograms $2,360 · Management $3,788 · Fundraising $683$6,831
IX-23 InsurancePrograms $3,713 · Management $4,978$8,691
IX-24 Other expenses (24a–d)Programs $457,772 · Management $3,332 · Fundraising $2,500$463,604
IX-25 Total functional expensesPrograms $798,214 · Management $449,956 · Fundraising $63,202$1,311,372
Part X · Balance sheet $587,896 assets, 17 lines filed
Asset lines not itemized here account for $9,824; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $91,184$387,221
X-2 Savings and temporary cash investmentsStart of year $380,859$89,982
X-3 Pledges and grants receivableStart of year $102,206$8,900
X-4 Accounts receivableStart of year $84,695$20,400
X-9 Prepaid expenses and deferred chargesStart of year $7,090$13,758
X-10c Land, buildings and equipment, netStart of year $17,615$21,099
X-15 Other assetsStart of year $69,897$36,712
X-16 Total assetsStart of year $1,050,409$587,896
X-17 Accounts payable and accrued expensesStart of year $82,446$16,657
X-19 Deferred revenueStart of year $100,651$28,447
X-24 Unsecured notes and loans payableStart of year $290,000$262,166
X-25 Other liabilitiesStart of year $62,397$34,212
X-26 Total liabilitiesStart of year $535,494$341,482
X-27 Net assets without donor restrictionsStart of year $198,885−$81,987
X-28 Net assets with donor restrictionsStart of year $316,030$328,401
X-32 Total net assets or fund balancesStart of year $514,915$246,414
X-33 Total liabilities and net assetsStart of year $1,050,409$587,896
Part XI · Reconciliation of net assets $246,414 net assets at year end
XI-1 Total revenue$1,042,871
XI-2 Total expenses$1,311,372
XI-3 Revenue less expenses−$268,501
XI-4 Net assets at start of year$514,915
XI-10 Net assets at end of year$246,414

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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