Kosciusko Development INC FY2023 filing

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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.
70¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.5 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
$535K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
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
$1.1M
-27% vs prior year
Spent
$1.3M
To programs
70%
Net assets
$515K
By yearFY2020–FY2024
Revenue
$1.1M
FY2023▼ -27%
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
FY2023▼ -21%
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
$515K
FY2023▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$531K
FY2021$576K
FY2022$646K
FY2023$515K
FY2024$246K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

70 cents of each dollar spent went to programs.

Program services 70% · $883K Management & general 27% · $343K Fundraising 3% · $36K

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

26 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
$121,330Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$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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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 · $883K · in their own filed words · FY2023
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.

$883Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$584K
Fees for servicesLn 2g$531K
Other incomeLn 4–11$12K
Money outPt IX
$1.3M
Ln 25
Programscol B$883K
Managementcol C$343K
Fundraisingcol D$36K
Owns and owesPt X
$515K
net assets · Ln 32
Cash and savingsLn 1–2$472K
Total assetsLn 16$1.1M
LiabilitiesLn 26$535K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$584K
Government grantsLn 1e$315K
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$531K
Investment incomeLn 3$5K
Other incomeLn 4–11$12K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$381K
Cash and savings togetherLn 1–2$472K
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$70K
Total assetsLn 16$1.1M
LiabilitiesLn 26$535K
Net assetsLn 32$515K
OperationsPt I, VI
EmployeesI 53
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$704K$472K
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$900K$1.1M
LiabilitiesLn 26$254K$535K
Net assetsLn 32$646K$515K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$121K$73K$36K$12K
Other salaries and wagesLn 7$288K$169K$104K$15K
Pension plan contributionsLn 8$8K$5K$3K$537
Other employee benefitsLn 9$51K$27K$22K$1K
Payroll taxesLn 10$31K$19K$10K$2K
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$75K$75K
Other fees for servicesLn 11g$8K$8K$713
Advertising and promotionLn 12$53K$38K$8K$7K
Office expensesLn 13$45K$32K$12K$854
OccupancyLn 16$26K$23K$3K$580
TravelLn 17$6K$2K$4K$8
Conferences, conventions and meetingsLn 19$29K$9K$13K$6K
Depreciation, depletion and amortizationLn 22$2K$1K$700$135
InsuranceLn 23$9K$6K$3K
Other expenses (24a–d)Ln 24$491K$470K$20K$130
All other expensesLn 24e−$11K−$11K
Total functional expensesLn 25$1.3M$883K$343K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.3M−$269K$246K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $1,131,788 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $422,384$583,591
I-9 Program service revenuePrior year $1,123,375$531,298
I-10 Investment incomePrior year $3,595$4,800
I-11 Other revenuePrior year $375$12,099
I-12 Total revenuePrior year $1,549,729$1,131,788
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $318,352$499,694
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,279,966$762,953
I-18 Total expensesPrior year $1,598,318$1,262,647
I-19 Revenue less expensesPrior year −$48,589−$130,859
Part VI · Governance 24 of 24 board members independent, 1 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,131,788 across 10 lines filed
VIII-1b Membership dues$149,373
VIII-1e Government grants$315,000
VIII-1f All other contributions, gifts and grants$119,218
VIII-1g Noncash contributions (included above)$10,000
VIII-1h Total contributions, gifts and grants$583,591
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $531,298$531,298
VIII-3 Investment incomeExcluded from tax $4,800$4,800
VIII-6 Net rental income or lossRelated to mission $11,599$11,599
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $500$500
VIII-12 Total revenueRelated to mission $543,397 · Excluded from tax $4,800$1,131,788
Part IX · Statement of functional expenses $1,262,647 across 17 lines filed
IX-6 Pay of disqualified personsPrograms $72,798 · Management $36,399 · Fundraising $12,133$121,330
IX-7 Other salaries and wagesPrograms $169,367 · Management $104,139 · Fundraising $14,863$288,369
IX-8 Pension plan contributionsPrograms $4,878 · Management $2,603 · Fundraising $537$8,018
IX-9 Other employee benefitsPrograms $27,415 · Management $22,127 · Fundraising $1,241$50,783
IX-10 Payroll taxesPrograms $18,954 · Management $10,155 · Fundraising $2,085$31,194
IX-11b Legal feesManagement $29,136$29,136
IX-11c Accounting feesManagement $74,846$74,846
IX-11g Other fees for servicesPrograms $7,682 · Fundraising $713$8,395
IX-12 Advertising and promotionPrograms $38,050 · Management $7,631 · Fundraising $7,367$53,048
IX-13 Office expensesPrograms $32,156 · Management $12,484 · Fundraising $854$45,494
IX-16 OccupancyPrograms $22,822 · Management $3,021 · Fundraising $580$26,423
IX-17 TravelPrograms $2,115 · Management $3,734 · Fundraising $8$5,857
IX-19 Conferences, conventions and meetingsPrograms $9,480 · Management $13,274 · Fundraising $6,126$28,880
IX-22 Depreciation, depletion and amortizationPrograms $1,207 · Management $700 · Fundraising $135$2,042
IX-23 InsurancePrograms $6,128 · Management $3,139$9,267
IX-24 Other expenses (24a–d)Programs $470,436 · Management $20,054 · Fundraising $130$490,620
IX-24e All other expensesFundraising −$11,055−$11,055
IX-25 Total functional expensesPrograms $883,488 · Management $343,442 · Fundraising $35,717$1,262,647
Part X · Balance sheet $1,050,409 assets, 17 lines filed
Asset lines not itemized here account for $296,863; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $406,684$91,184
X-2 Savings and temporary cash investmentsStart of year $297,068$380,859
X-3 Pledges and grants receivableStart of year $55,000$102,206
X-4 Accounts receivableStart of year $26,921$84,695
X-9 Prepaid expenses and deferred chargesStart of year $4,770$7,090
X-10c Land, buildings and equipment, net$17,615
X-15 Other assetsStart of year $10,000$69,897
X-16 Total assetsStart of year $899,816$1,050,409
X-17 Accounts payable and accrued expensesStart of year $90,606$82,446
X-19 Deferred revenueStart of year $163,436$100,651
X-24 Unsecured notes and loans payable$290,000
X-25 Other liabilities$62,397
X-26 Total liabilitiesStart of year $254,042$535,494
X-27 Net assets without donor restrictionsStart of year $431,582$198,885
X-28 Net assets with donor restrictionsStart of year $214,192$316,030
X-32 Total net assets or fund balancesStart of year $645,774$514,915
X-33 Total liabilities and net assetsStart of year $899,816$1,050,409
Part XI · Reconciliation of net assets $514,915 net assets at year end
XI-1 Total revenue$1,131,788
XI-2 Total expenses$1,262,647
XI-3 Revenue less expenses−$130,859
XI-4 Net assets at start of year$645,774
XI-10 Net assets at end of year$514,915

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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