Lagrange County Economic Development Corporation EIN 80-0309463 Form 990 (PDF) Claim this org

Lagrange County Economic Development Corporation

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Fosters local business growth in LaGrange County, Indiana, by connecting companies with regional, state, and federal resources to support economic development. For fiscal year 2025 it reported $406K in revenue, $290K in expenses, and $1.1M in net assets.Pt I

Founded
2009
Type
Public charity (501(c)(3)) · Community Development
Location
Lagrange, IN
Website
www.lagrangecountyedc.com
Filings
6 on file (2020–2025)
Revenue
$406KFY2025
Expenses
$290K
Net assets
$1.1M
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  80-0309463 Public charity (501(c)(3)) Lagrange, IN Founded 2009
Form 990 (PDF)
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Size
$100K–1M
What they do
Fosters local business growth in LaGrange County, Indiana, by connecting companies with regional, state, and federal resources to support economic development.
Leadership
Stewart Bender · Member
Money in and out
$406K revenue, $290K expenses
Bottom line
78% program efficiency
Where the money goes · FY2025
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $117K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
27.9mo
months of highly liquid reserves at operating expense rate▼ -40% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▲ +406% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$406K
FY2025▲ +47%
Expenses
$290K
FY2025▲ +11%
Total assets
$1.8M
FY2025▲ +77%
Total liabilities
$726K
FY2025▲ ×14
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$290K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$117K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $227K of program spending, described in the organization's own filed words · FY2025.
01

Developed business and other contacts relating to economic development of lagrange county, indiana

$227Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLagrange County Economic Development Corporation
EINHdr · item D80-0309463
Principal addressHdr · item CLagrange, IN
WebsiteHdr · item Jwww.lagrangecountyedc.com
Year of formationHdr · item L2009
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
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
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$198K · 49%
Program service revenue$142K · 35%
Investment income$45K · 11%
Other revenue$20K · 5%
Contributions & grants49%$198K
Program service revenue35%$142K
Investment income11%$45K
Other revenue5%$20K
— government grantsLn 1e$75K
Total revenueLn 12$406K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$227K
Management & general22%$63K
Total functional expensesLn 25$290K

Balance Sheet

Part X · end of year
CashLn 1$675K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$726K
Total net assetsLn 32$1.1M
Months of cash on handcomputed27.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $675K · Operating expenses/yr $290K
27.9 months
Where the money goes
Program services
Program services $227K · Total expenses $290K
78%
Management & General
Management & general $63K · Total expenses $290K
22%
Fundraising
Fundraising $0 · Total expenses $290K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $87K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $198K · Total revenue $406K
49%
Government reliance
Government grants $75K · Total revenue $406K
18%
Earned-income share
Program service revenue $142K · Total revenue $406K
35%
Investment reliance
Investment income $45K · Total revenue $406K
+11%
Program self-sufficiency
Program service revenue $142K · Total expenses $290K
49%
Growth & trend
Revenue growth (YoY)
This year $406K · Prior year $276K
+47%
Revenue CAGR
FY2020 $264K · FY2025 $406K
+9%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $406K · Expenses $290K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.1M · Total assets $1.8M
60%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stewart Bender · Reported title MEMBER · Highest reported compensation $0 · Total expenses $290K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $216K · Total expenses $290K
75%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Revenue growth 47%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 33 grants · $500K · 2021–2022
Mama D'S Homemade EatsFY2022$10,000
Howe RestaurantFY2022$10,000
Yoder Popcorn LLCFY2021$20,000
TiffanysFY2021$20,000
The Gathering Place Restaurant INCFY2021$20,000
Topeka PharmacyFY2021$20,000
Romer's Restaurant & Spirits LLCFY2021$20,000
Foltz BakeryFY2021$20,000
Shipshe Pizza & Mini Golf INCFY2021$20,000
HuckleberriesFY2021$20,000
Topeka DO IT Best HardwareFY2021$20,000
Fireside Craft Burgers & BrewsFY2021$20,000
Woods TooFY2021$20,000
Courtside Mexican Restaurant LLCFY2021$20,000
Coody Brown'sFY2021$20,000
El Zorrito 2 LLCFY2021$20,000
The Blish DishFY2021$20,000
Wind and Fire Soap Co LLCFY2021$15,000
See all 33 grants →

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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
FY2025 (Latest)$406K revenue · viewing · ⤓ 990 PDF
FY2024$276K revenue · ⤓ 990 PDF
FY2023$222K revenue · ⤓ 990 PDF
FY2022$296K revenue · ⤓ 990 PDF
FY2021$740K revenue · ⤓ 990 PDF
FY2020$264K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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