Radius Indiana Inc
- Assets
- $7.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Bedford, IN
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 26-4446362
Organization Overview
Radius Indiana Inc is located in Bedford, IN. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Radius Indiana Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radius Indiana Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Radius Indiana Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION STATEMENT IS TO ADVANCE THE ECONOMY OF SOUTH CENTRAL INDIANA BY GENERATING HIGH-QUALITY EMPLOYMENT OPPORTUNITIES, DIVERSIFYING THE ECONOMIC BASE AND RAISING THE STANDARD OF LIVING FOR THE REGION'S RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND INFORMATION MANAGEMENT: MONITOR SOUTH CENTRAL INDIANA INDUSTRY ACTIVITY FOR STRENGTHS, WEAKNESS, OPPORTUNTIES AND THREATS FOR INVESTMENT OPPORTUNITIES.
BUSINESS ATTRACTION: USING PRESENTATIONS AND HOSTING TOURS OF SOUTH CENTRAL INDIANA AND DEVELOPING MARKETING MATERIALS IN A EFFORT TO ENTICE NEW BUSINESSES TO THE AREA.
BUSINESS RENTENTION: ASSESS NEEDS AND OPPORTUNITES FOR LOCAL BUSINESS IN AN EFFORT TO RETAIN THE BUSINESS AND PROMOTE EXPANSION PROJECTS AND ENTREPRENEURSHIP.
DEPRECIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Quyle CEO | 40 | $121,000 | |
Misty Mccammack Vice Chair | OfficerTrustee | 1 | $0 |
Bryant Niedhoff Secretary | OfficerTrustee | 1 | $0 |
Jamie Shinabarger Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Skillman Chair | OfficerTrustee | 1 | $0 |
Cary Albright Bod | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,269,339 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,473,923 |
| Total Program Service Revenue | $0 |
| Investment income | $28,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,509,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,926 |
| Pension plan accruals and contributions | $27,973 |
| Other employee benefits | $53,956 |
| Payroll taxes | $30,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,899 |
| Information technology | $193,089 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,887 |
| Insurance | $4,505 |
| All other expenses | $89,582 |
| Total functional expenses | $1,340,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $563,652 |
| Savings and temporary cash investments | $514,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $64,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,590,650 |
| Total assets | $7,767,365 |
| Accounts payable and accrued expenses | $13,449 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,649 |
| Total liabilities | $17,098 |
| Net assets without donor restrictions | $7,000,267 |
| Net assets with donor restrictions | $750,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,767,365 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Radius Indiana Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: COVID-19 RESPONSE | $20,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: WORKFORCE DEVELOPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |