Perry County Development Corporation FY2022 filing

Tell City, IN501(c)(4)EIN 35-1826530

Promote development in Perry County, Indiana

100¢ of each $1 spent went to programs.
$202K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
4 of 5
filings with a surplus
Average surplus $131K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$202K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $36K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$680K
-66% vs prior year
Spent
$597K
To programs
100%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$680K
FY2022▼ -66%
Revenue by fiscal year
FY2020$3.0M
FY2021$2.0M
FY2022$680K
FY2023$694K
FY2024$592K
Expenses
$597K
FY2022▼ -56%
Expenses by fiscal year
FY2020$3.5M
FY2021$1.4M
FY2022$597K
FY2023$451K
FY2024$434K
Net assets
$2.5M
FY2022▲ +1%
Net assets by fiscal year
FY2020$1.9M
FY2021$2.5M
FY2022$2.5M
FY2023$2.8M
FY2024$3.4M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 1991.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $597K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990; $202K paid to officers and key staff.

Part VII, Section A · reportable compensation
$108,546Pt VII · Sec A
$93,280Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alvin Evans——$108,546$98,000$158,818
Erin Emerson$93,407$90,780$93,280——
Billy Mosby————$41,965

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

Drives economic and community growth in Perry County, Indiana.

Provided by the organization

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

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1 program service account for $597K of program spending, described in the organization's own filed words · FY2022.
01

Travel, conferences, publicizing and planning improvements for Perry County, Indiana

$597Kprogram expense

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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 · FY2024
Ramtell INCFY2024$500
Total grants receivedfrom 2 funders$36K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$680K
Ln 12
Fees for servicesLn 2g$452K
Gifts and grantsLn 1h$116K
Other incomeLn 4–11$111K
Money outPt IX
$597K
Ln 25
Programscol B$597K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$4K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Government grantsLn 1e$116K
Fees for servicesLn 2g$452K
Investment incomeLn 3$2K
Other incomeLn 4–11$111K
Total revenueLn 12$680K
Assets in detailPt X, end of year
CashLn 1$943K
SavingsLn 2$127K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$2.5M
LiabilitiesLn 26$4K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.0M$1.1M
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$2.5M$2.5M
LiabilitiesLn 26$8K$4K
Net assetsLn 32$2.5M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10$10
Pay of current officers, directors and key staffLn 5$202K$202K
Other salaries and wagesLn 7$37K$37K
Pension plan contributionsLn 8$14K$14K
Other employee benefitsLn 9$21K$21K
Payroll taxesLn 10$18K$18K
Legal feesLn 11b$338$338
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$27K$27K
OccupancyLn 16$27K$27K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$72K$72K
Other expenses (24a–d)Ln 24$145K$145K
Total functional expensesLn 25$597K$597K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $592K$434K$159K$3.4M 990 PDF
FY2023 $694K$451K$243K$2.8M 990 PDF
FY2022 Viewing $680K$597K$84K$2.5M 990 PDF
FY2021 $2.0M$1.4M$643K$2.5M 990 PDF
FY2020 $3.0M$3.5M−$475K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $680,411 across 6 lines filed
VIII-1e Government grants$115,803
VIII-1h Total contributions, gifts and grants$115,803
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $452,039$452,039
VIII-3 Investment incomeExcluded from tax $2,053$2,053
VIII-6 Net rental income or lossExcluded from tax $110,516$110,516
VIII-12 Total revenueRelated to mission $452,039 · Unrelated business $0 · Excluded from tax $112,569$680,411
Part IX · Statement of functional expenses $596,744 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $10$10
IX-5 Pay of current officers, directors and key staffPrograms $201,826$201,826
IX-7 Other salaries and wagesPrograms $36,717$36,717
IX-8 Pension plan contributionsPrograms $13,791$13,791
IX-9 Other employee benefitsPrograms $21,486$21,486
IX-10 Payroll taxesPrograms $17,545$17,545
IX-11b Legal feesPrograms $338$338
IX-11c Accounting feesPrograms $8,792$8,792
IX-11g Other fees for servicesPrograms $5,959$5,959
IX-12 Advertising and promotionPrograms $15,812$15,812
IX-13 Office expensesPrograms $26,797$26,797
IX-16 OccupancyPrograms $26,729$26,729
IX-17 TravelPrograms $3,266$3,266
IX-22 Depreciation, depletion and amortizationPrograms $72,298$72,298
IX-24 Other expenses (24a–d)Programs $145,378$145,378
IX-25 Total functional expensesPrograms $596,744 · Management $0 · Fundraising $0$596,744
Part X · Balance sheet $2,542,750 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $881,553$942,602
X-2 Savings and temporary cash investmentsStart of year $126,932$127,343
X-10c Land, buildings and equipment, netStart of year $1,450,398$1,472,805
X-16 Total assetsStart of year $2,514,329$2,542,750
X-17 Accounts payable and accrued expensesStart of year $8,366$3,837
X-26 Total liabilitiesStart of year $8,366$3,837
X-32 Total net assets or fund balancesStart of year $2,505,963$2,538,913
X-33 Total liabilities and net assetsStart of year $2,514,329$2,542,750
Part XI · Reconciliation of net assets $2,538,913 net assets at year end
XI-1 Total revenue$680,411
XI-2 Total expenses$596,744
XI-3 Revenue less expenses$83,667
XI-4 Net assets at start of year$2,505,963
XI-8 Prior period adjustments−$50,717
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,538,913

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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