Kosciusko Development INC FY2020 filing

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
88¢ of each $1 spent went to programs.
$125K 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)(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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
14 mo
of spending, in cash
Looks good: 14.5 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
$255K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$564K
Spent
$509K
To programs
88%
Net assets
$531K
By yearFY2020–FY2024
Revenue
$564K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$564K
FY2021$707K
FY2022$1.5M
FY2023$1.1M
FY2024$1.0M
Expenses
$509K
FY2020
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
$531K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$531K
FY2021$576K
FY2022$646K
FY2023$515K
FY2024$246K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
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 Oct 1985.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $450K Management & general 10% · $49K Fundraising 2% · $10K

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

Something off? Claim to add context

Who runs it and what they're paid

25 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
$124,630Pt 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
Board Member
$0Pt VII · Sec A
Chairman
$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 →

On this list? Claim this org

Something off? Claim to add context

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

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

Questions for Kosciusko Development INC

Tap to ask. Kosciusko Development INC sees how many people are interested.

Your first name shows with your question. Kosciusko Development INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $450K · in their own filed words · FY2020
01

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

$450Kprogram expense
02

Provide funds from a revolving loan fund (received from a state of indiana grant several years ago) to assist small businesses to expand in this county.

Pt IX · col B

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$564K
Ln 12
Gifts and grantsLn 1h$556K
Investment incomeLn 3$7K
Money outPt IX
$509K
Ln 25
Programscol B$450K
Managementcol C$49K
Fundraisingcol D$10K
Owns and owesPt X
$531K
net assets · Ln 32
Cash and savingsLn 1–2$614K
Total assetsLn 16$787K
LiabilitiesLn 26$255K
PeoplePt VI, VII
25
listed · VII A
PaidVII A1
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$556K
Government grantsLn 1e$354K
Investment incomeLn 3$7K
Gains on assetsLn 7$0
Total revenueLn 12$564K
Assets in detailPt X, end of year
CashLn 1$271K
SavingsLn 2$343K
Cash and savings togetherLn 1–2$614K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$0
Total assetsLn 16$787K
LiabilitiesLn 26$255K
Net assetsLn 32$531K
OperationsPt I, VI
EmployeesI 53
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$422K$614K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$503K$787K
LiabilitiesLn 26$26K$255K
Net assetsLn 32$477K$531K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$134K$109K$19K$6K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$3K$752$194
Payroll taxesLn 10$11K$8K$2K$600
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$25K$19K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$165K$148K$16K$919
Advertising and promotionLn 12$495$495
Office expensesLn 13$478$392$67$19
Information technologyLn 14$4K$1K$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$7K$6K$968$277
TravelLn 17$2K$2K$234$78
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$10K$8K$1K$480
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$236$194$33$9
InsuranceLn 23$4K$3K$595$170
Other expenses (24a–d)Ln 24$139K$138K$450$128
All other expensesLn 24e$4K$3K$742$115
Total functional expensesLn 25$509K$450K$49K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $564K$509K$55K$531K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $563,690 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $458,332$556,408
I-9 Program service revenue$0
I-10 Investment incomePrior year $10,374$7,282
I-11 Other revenue$0
I-12 Total revenuePrior year $468,706$563,690
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $160,774$148,078
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $311,584$361,064
I-18 Total expensesPrior year $472,358$509,142
I-19 Revenue less expensesPrior year −$3,652$54,548
Part VI · Governance 24 of 24 board members independent, 4 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $563,690 across 9 lines filed
VIII-1e Government grants$353,613
VIII-1f All other contributions, gifts and grants$202,795
VIII-1h Total contributions, gifts and grants$556,408
VIII-3 Investment incomeRelated to mission $7,282$7,282
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $7,282$563,690
Part IX · Statement of functional expenses $509,142 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $108,959 · Management $18,519 · Fundraising $6,173$133,651
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $2,582 · Management $752 · Fundraising $194$3,528
IX-10 Payroll taxesPrograms $7,975 · Management $2,324 · Fundraising $600$10,899
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $19,398 · Management $5,799$25,197
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $148,042 · Management $15,988 · Fundraising $919$164,949
IX-12 Advertising and promotionPrograms $495$495
IX-13 Office expensesPrograms $392 · Management $67 · Fundraising $19$478
IX-14 Information technologyPrograms $1,188 · Management $1,189 · Fundraising $1,188$3,565
IX-15 Royalties$0
IX-16 OccupancyPrograms $5,671 · Management $968 · Fundraising $277$6,916
IX-17 TravelPrograms $2,117 · Management $234 · Fundraising $78$2,429
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $7,683 · Management $1,441 · Fundraising $480$9,604
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $194 · Management $33 · Fundraising $9$236
IX-23 InsurancePrograms $3,487 · Management $595 · Fundraising $170$4,252
IX-24 Other expenses (24a–d)Programs $138,110 · Management $450 · Fundraising $128$138,688
IX-24e All other expensesPrograms $3,398 · Management $742 · Fundraising $115$4,255
IX-25 Total functional expensesPrograms $449,691 · Management $49,101 · Fundraising $10,350$509,142
Part X · Balance sheet $786,501 assets, 20 lines filed
Asset lines not itemized here account for $86,981; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $84,655$270,793
X-2 Savings and temporary cash investmentsStart of year $336,966$342,848
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $42,798$70,042
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,400$13,921
X-10c Land, buildings and equipment, netStart of year $2,152$1,916
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $502,619$786,501
X-17 Accounts payable and accrued expensesStart of year $21,891$27,821
X-25 Other liabilitiesStart of year $3,794$227,198
X-26 Total liabilitiesStart of year $25,685$255,019
X-27 Net assets without donor restrictionsStart of year $395,080$448,321
X-28 Net assets with donor restrictionsStart of year $81,854$83,161
X-32 Total net assets or fund balancesStart of year $476,934$531,482
X-33 Total liabilities and net assetsStart of year $502,619$786,501
Part XI · Reconciliation of net assets $531,482 net assets at year end
XI-1 Total revenue$563,690
XI-2 Total expenses$509,142
XI-3 Revenue less expenses$54,548
XI-4 Net assets at start of year$476,934
XI-10 Net assets at end of year$531,482

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.