Evansville Urban Enterprise Association Inc
- Assets
- $1.2m
- Revenue
- $526.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Evansville, IN
- Founding
- 10/1984
- Data as of
- 12/2022
- EIN
- 35-1601346
Organization Overview
Evansville Urban Enterprise Association Inc is located in Evansville, IN. The organization was established in 1984. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Evansville Urban Enterprise Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evansville Urban Enterprise Association 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 12/2022, Evansville Urban Enterprise Association Inc generated $526.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $435.4k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS PROVIDED BY THE ORGANIZATION IMPLEMENT & UTILIZE THE ADVANTAGES AND BENEFITS OF THE ENTERPRISE ZONE DESIGNATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVEMENTS HAVE BEEN RECOGNIZED IN THE AREAS OF THE COMMUNITY ENHANCEMENT;YOUTH EDUCATION & BUSINESS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Smith Executive Director | Officer | 32 | $80,000 |
William Goodsen President | Officer | 1 | $0 |
Jane Reel Vice-President | Officer | 1 | $0 |
Linda Jones Secretary/treasurer | Officer | 1 | $0 |
Rachel Mayes Director | Trustee | 1 | $0 |
Alex Burton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,533 |
| Total Program Service Revenue | $0 |
| Investment income | $4,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $526,251 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $16,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,453 |
| Pension plan accruals and contributions | $19,379 |
| Other employee benefits | $34,477 |
| Payroll taxes | $13,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,345 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $218 |
| Office expenses | $4,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $805 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,104 |
| Insurance | $5,253 |
| All other expenses | $128,673 |
| Total functional expenses | $435,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,292 |
| Savings and temporary cash investments | $639,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,734 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $138,603 |
| Investments—publicly traded securities | $384,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25 |
| Total assets | $1,232,577 |
| Accounts payable and accrued expenses | $64 |
| 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 | $0 |
| Total liabilities | $64 |
| Net assets without donor restrictions | $1,232,513 |
| Net assets with donor restrictions | $0 |
| 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 | $1,232,577 |