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Lagrange County Economic Development Corporation FY2024 filing

Tax-deductible

Lagrange, IN501(c)(3)Since 2009Community Development EIN 80-0309463Revenue $276K in FY2024

On file with the IRSlagrangecountyedc.com513 W Central Ave, 46761-2112 · Lagrange, INTax-exempt since Aug 2009Publicly supported charity — 170(b)(1)(A)(vi)

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The Lagrange County Economic Development Corporation is the single point of contact for Economic Development efforts in Lagrange County, indiana. We work with regional, state and federal partners to support and encourgage our clients' business Development endeavors.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $13K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
46 mo
of spending, in cash
Looks good: 46.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$51K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$276K
+25% vs prior year
Spent
$261K
To programs
79%
Net assets
$974K
By yearFY2020–FY2025
Revenue
$276K
FY2024▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$264K
FY2021$740K
FY2022$296K
FY2023$222K
FY2024$276K
FY2025$406K
Expenses
$261K
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$293K
FY2021$832K
FY2022$373K
FY2023$235K
FY2024$261K
FY2025$290K
Net assets
$974K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$971K
FY2023$959K
FY2024$974K
FY2025$1.1M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2009.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $206K Management & general 21% · $55K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Dana Berkes
Secretary
$0Pt VII · Sec A
Jordi Disler
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Eagleson
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tj Kempf
Treasurer
$0Pt VII · Sec A
See Lagrange County Economic Development Corporation executive salaries →

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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

Fosters local business growth in LaGrange County, Indiana, by connecting companies with regional, state, and federal resources to support economic development.

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Provided by the organization

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1 program · $206K · in their own filed words · FY2024
01

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

$206Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Lagrange County Community Foundation INCFY2025$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 33 grants · $500K · 2021–2022
Individual RecipientFY2022$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 →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$276K
Ln 12
Fees for servicesLn 2g$142K
Gifts and grantsLn 1h$95K
Investment incomeLn 3$27K
Money outPt IX
$261K
Ln 25
Programscol B$206K
Managementcol C$55K
Owns and owesPt X
$974K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$51K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Government grantsLn 1e$24K
Fees for servicesLn 2g$142K
Investment incomeLn 3$27K
Other incomeLn 4–11$12K
Gains on assetsLn 7−$7K
Total revenueLn 12$276K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$972K
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$51K
Net assetsLn 32$974K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$953K$1.0M
Total assetsLn 16$960K$1.0M
LiabilitiesLn 26$2K$51K
Net assetsLn 32$959K$974K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$163K$131K$33K
Pension plan contributionsLn 8$13K$10K$3K
Other employee benefitsLn 9$12K$10K$2K
Payroll taxesLn 10$13K$10K$2K
Legal feesLn 11b$1K$1K$288
Accounting feesLn 11c$100$100
Other fees for servicesLn 11g$4K$3K$759
Advertising and promotionLn 12$11K$9K$2K
Office expensesLn 13$7K$6K$1K
OccupancyLn 16$16K$13K$3K
TravelLn 17$5K$4K$1K
Conferences, conventions and meetingsLn 19$100$80$20
InterestLn 20$583$583
Depreciation, depletion and amortizationLn 22$272$272
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$11K$9K$2K
Total functional expensesLn 25$261K$206K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $406K$290K$117K$1.1M 990 PDF
FY2024 Viewing $276K$261K$16K$974K 990 PDF
FY2023 $222K$235K−$13K$959K 990 PDF
FY2022 $296K$373K−$77K$971K 990 PDF
FY2021 $740K$832K−$91K$1.0M 990 PDF
FY2020 $264K$293K−$28K$1.1M 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 FY2024 990 (6 parts)
Part I · Summary $276,303 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,517$94,915
I-9 Program service revenuePrior year $141,263$142,265
I-10 Investment incomePrior year $15,005$27,429
I-11 Other revenue$11,694
I-12 Total revenuePrior year $221,785$276,303
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $187,864$200,678
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,876$59,956
I-18 Total expensesPrior year $234,740$260,634
I-19 Revenue less expensesPrior year −$12,955$15,669
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $276,303 across 8 lines filed
VIII-1e Government grants$24,000
VIII-1f All other contributions, gifts and grants$70,915
VIII-1h Total contributions, gifts and grants$94,915
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $142,265$142,265
VIII-3 Investment incomeExcluded from tax $34,246$34,246
VIII-7 Net gain or loss on sales of assetsRelated to mission −$6,817−$6,817
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,694$11,694
VIII-12 Total revenueRelated to mission $135,448 · Excluded from tax $45,940$276,303
Part IX · Statement of functional expenses $260,634 across 16 lines filed
IX-7 Other salaries and wagesPrograms $130,742 · Management $32,685$163,427
IX-8 Pension plan contributionsPrograms $10,043 · Management $2,511$12,554
IX-9 Other employee benefitsPrograms $9,756 · Management $2,439$12,195
IX-10 Payroll taxesPrograms $10,002 · Management $2,500$12,502
IX-11b Legal feesPrograms $1,152 · Management $288$1,440
IX-11c Accounting feesManagement $100$100
IX-11g Other fees for servicesPrograms $3,037 · Management $759$3,796
IX-12 Advertising and promotionPrograms $8,942 · Management $2,236$11,178
IX-13 Office expensesPrograms $5,667 · Management $1,417$7,084
IX-16 OccupancyPrograms $12,738 · Management $3,185$15,923
IX-17 TravelPrograms $4,218 · Management $1,054$5,272
IX-19 Conferences, conventions and meetingsPrograms $80 · Management $20$100
IX-20 InterestPrograms $583$583
IX-22 Depreciation, depletion and amortizationPrograms $272$272
IX-23 InsuranceManagement $3,339$3,339
IX-24 Other expenses (24a–d)Programs $8,695 · Management $2,174$10,869
IX-25 Total functional expensesPrograms $205,927 · Management $54,707 · Fundraising $0$260,634
Part X · Balance sheet $1,025,323 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $12,674$33,513
X-2 Savings and temporary cash investmentsStart of year $940,525$971,725
X-9 Prepaid expenses and deferred charges$20,085
X-16 Total assetsStart of year $960,289$1,025,323
X-17 Accounts payable and accrued expensesStart of year $1,783$1,148
X-25 Other liabilities$50,000
X-26 Total liabilitiesStart of year $1,783$51,148
X-27 Net assets without donor restrictionsStart of year $958,506$974,175
X-32 Total net assets or fund balancesStart of year $958,506$974,175
X-33 Total liabilities and net assetsStart of year $960,289$1,025,323
Part XI · Reconciliation of net assets $974,175 net assets at year end
XI-1 Total revenue$276,303
XI-2 Total expenses$260,634
XI-3 Revenue less expenses$15,669
XI-4 Net assets at start of year$958,506
XI-10 Net assets at end of year$974,175

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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