Kosciusko Development Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Warsaw, IN
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 35-1609726
Organization Overview
Kosciusko Development Inc is located in Warsaw, IN. The organization was established in 1985. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Kosciusko Development Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kosciusko Development Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Kosciusko Development Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 24.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF KOSCIUSKO COUNTY FOR ECONOMIC DEVELOPMENT AND BUSINESS ATTRACTION, PROVIDE DEMOGRAPHIC INFORMATION TO GOVERNMENT AGENCIES AND PRIVATE BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WORKSHOPS, SERVICES, AND OTHER EVENTS FOR THE COMMUNITY BUSINESSES. PROVIDE INFORMATION FOR BUSINESSES, WHETHER NON-PROFIT, PUBLIC OR PRIVATE, THAT MAY BE INTERESTED IN EXPANDING OR COMING TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Tio CEO | 40 | $121,330 | |
Brian Anderson Director | Trustee | 1 | $0 |
Orsa Britton Director | Trustee | 1 | $0 |
Kimberly Cates Director | Trustee | 1 | $0 |
Blaine Conley Vice Chair | OfficerTrustee | 1 | $0 |
Allyn Decker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $149,373 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $315,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,218 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,591 |
| Total Program Service Revenue | $531,298 |
| Investment income | $4,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,599 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,131,788 |
| 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 | $121,330 |
| Other salaries and wages | $288,369 |
| Pension plan accruals and contributions | $8,018 |
| Other employee benefits | $50,783 |
| Payroll taxes | $31,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,136 |
| Fees for services: Accounting | $74,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,395 |
| Advertising and promotion | $53,048 |
| Office expenses | $45,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,423 |
| Travel | $5,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,880 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,042 |
| Insurance | $9,267 |
| All other expenses | -$11,055 |
| Total functional expenses | $1,262,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,184 |
| Savings and temporary cash investments | $380,859 |
| Pledges and grants receivable | $102,206 |
| Accounts receivable, net | $84,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $296,863 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,090 |
| Net Land, buildings, and equipment | $17,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,897 |
| Total assets | $1,050,409 |
| Accounts payable and accrued expenses | $82,446 |
| Grants payable | $0 |
| Deferred revenue | $100,651 |
| 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 | $290,000 |
| Other liabilities | $62,397 |
| Total liabilities | $535,494 |
| Net assets without donor restrictions | $198,885 |
| Net assets with donor restrictions | $316,030 |
| 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 | $1,050,409 |