Jay County Development Corporation FY2020 filing

EIN 35-1651883 Membership association Portland, IN
Is this your organization?
Claim it free, then get the verified mark.
Claim
Revenue & expenses by yearFY2020–FY2025
Revenue
$278K
FY2020
Expenses
$310K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Attracts businesses to expand or relocate, creating local jobs. For fiscal year 2020 it reported $278K in revenue, $310K in expenses, and $109K in net assets.Pt I

Founded
1985
Type
Membership association · Nonprofit
Location
Portland, IN
Website
www.jaycountydevelopment.org
Filings
6 on file (2020–2020)
Revenue
$278KFY2020
Expenses
$310K
Net assets
$109K
People
27
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Provided by the organization

This section is blank until Jay County Development Corporation claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Attracts businesses to expand or relocate, creating local jobs.
Leadership
Travis Richards · Executive Director · $82K
Money in and out
$278K revenue, $310K expenses
Bottom line
-12% operating surplus

What Funders Ask

From IRS filings

Tax-deductible?

warning No

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Yes — filed FY2025

Details →

Foundation funders?

good 2 funders, incl. Dunkirk Industrial Development Corporation

$10K in the latest grant year. Details →

Spent on programs?

good 77% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

<$100K

Details →

Membership & operating revenue · FY2020
Total revenue
$278K
Pt VIII · Ln 12
Total expenses
$310K
Pt IX · Ln 25
Net assets
$109K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$33K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Operating surplus
-12%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
75%
of spending is salaries & benefits

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Jay County Development Corporation →

Run this organization? Claim this page

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$117K
FY2020
Total liabilities
$8K
FY2020
Revenue less expensesPt I · Ln 19−$33K
Total assetsPt X · Ln 16$117K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 426

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CJay County Development Corporation
EINHdr · item D35-1651883
Principal addressHdr · item CPortland, IN
WebsiteHdr · item Jwww.jaycountydevelopment.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 Director
$81,900Pt 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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2025FY2023FY2022FY2021FY2020
Travis Richards—$93,000$87,731$85,176$81,900
Ceann Bales$69,058————

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 Jay County Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2020.
01

Encourage business to originate, expand current facilities, or relocate to areas within jay county, indiana, in order to expand job opportunities of the residents of jay county, indiana

$240Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$277K
Investment income$618
Total revenueLn 12$278K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$240K
Management & general23%$70K
Total functional expensesLn 25$310K

Balance Sheet

Part X · end of year
CashLn 1$83K
Total assetsLn 16$117K
Total liabilitiesLn 26$8K
Total net assetsLn 32$109K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $117K · Operating expenses (Pt IX) $310K · Less non-cash grants $1K · Cash operating expenses/yr $309K
4.5 months
Where the money goes
Program services
Program services $240K · Total expenses $310K
77%
Management & General
Management & general $70K · Total expenses $310K
23%
Fundraising
Fundraising $0 · Total expenses $310K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $277K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $277K · Total revenue $278K
100%
Government reliance
Government grants — · Total revenue $278K
—
Earned-income share
Program service revenue $0 · Total revenue $278K
0%
Investment reliance
Investment income $618 · Total revenue $278K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $310K
0%
Growth & trend
Revenue growth (YoY)
This year $278K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $109K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $278K · Expenses $310K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $117K
—
Net-asset ratio
Net assets $109K · Total assets $117K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $34K · Total assets (Pt X, ln 16) $117K
29%
People & payroll
Highest Reported Total Compensation
Individual Travis Richards · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $82K · Total expenses $310K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $234K · Total expenses $310K
75%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
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 · FY2024
Total grants receivedfrom 2 funders$10K

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$224K revenue · ⤓ 990 PDF
FY2024$89K revenue · ⤓ 990 PDF
FY2023$218K revenue · ⤓ 990 PDF
FY2022$419K revenue · ⤓ 990 PDF
FY2021$363K revenue · ⤓ 990 PDF
FY2020$278K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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 peer-cohort and compensation comparisons above.