Kosciusko Development INC EIN 35-1609726 Form 990 (PDF) Claim this org

Kosciusko Development INC FY2022 filing

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Promotes county economic development and attracts businesses, providing data to government and private sectors. For fiscal year 2022 it reported $1.5M in revenue, $1.6M in expenses, and $646K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Warsaw, IN
Website
www.kosciuskoedc.com
Filings
5 on file (2020–2022)
Revenue
$1.5MFY2022
Expenses
$1.6M
Net assets
$646K
People
24
Filings
5
Updates
0
More identity details & actions ⌄
EIN  35-1609726 Business league / trade association Warsaw, IN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Promotes county economic development and attracts businesses, providing data to government and private sectors.
Leadership
Alan Tio · Executive Di · $127K
Money in and out
$1.5M revenue, $1.6M expenses
Bottom line
-3% operating surplus
Membership & operating revenue · FY2022
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$646K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$49K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Operating surplus
-3%
revenue over expenses
Earned revenue
72%
of revenue from program services & dues
Payroll share
20%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.5M
FY2022▲ +119%
Expenses
$1.6M
FY2022▲ +141%
Total assets
$900K
FY2022▲ +6%
Total liabilities
$254K
FY2022▼ -6%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$646K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$49K
Total assetsPt X · Ln 16$900K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
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.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKosciusko Development INC
EINHdr · item D35-1609726
Principal addressHdr · item CWarsaw, IN
WebsiteHdr · item Jwww.kosciuskoedc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$126,788Pt 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
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.

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Statement of Revenue

Part VIII
Program service revenue$1.1M · 72%
Contributions & grants$422K · 27%
Program service revenue72%$1.1M
Contributions & grants27%$422K
Investment income$4K
Other revenue$375
— government grantsLn 1e$196K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$1.4M
Management & general7%$111K
Fundraising3%$49K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$704K
Total assetsLn 16$900K
Total liabilitiesLn 26$254K
Total net assetsLn 32$646K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $704K · Operating expenses (Pt IX) $1.6M · Less non-cash grants $4K · Cash operating expenses/yr $1.6M
5.3 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.6M
90%
Management & General
Management & general $111K · Total expenses $1.6M
7%
Fundraising
Fundraising $49K · Total expenses $1.6M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $175K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $422K · Total revenue $1.5M
27%
Government reliance
Government grants $196K · Total revenue $1.5M
13%
Earned-income share
Program service revenue $1.1M · Total revenue $1.5M
72%
Investment reliance
Investment income $4K · Total revenue $1.5M
+0.2%
Program self-sufficiency
Program service revenue $1.1M · Total expenses $1.6M
70%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $707K
+119%
Net-asset trend (YoY)
End of year $646K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.6M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $900K
Net-asset ratio
Net assets $646K · Total assets $900K
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $900K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alan Tio · Reported title EXECUTIVE DI · Highest reported compensation $127K · Total expenses $1.6M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $318K · Total expenses $1.6M
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 12%
Revenue growth 119%
Legal fee ratio 0.4%
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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$15K

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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)$1.0M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · viewing · ⤓ 990 PDF
FY2021$707K revenue · ⤓ 990 PDF
FY2020$564K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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