Economic Development Corporation Of Elkhart County Inc

Organization Overview

Economic Development Corporation Of Elkhart County Inc is located in Elkhart, IN. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Economic Development Corporation Of Elkhart County Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Corporation Of Elkhart County 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, Economic Development Corporation Of Elkhart County Inc generated $748.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $602.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE AN ECONOMICALLY VIBRANT COMMUNITY BY RECRUITING, RETAINING, AND STRENGTHENING OUR ECONOMIC BASE; BEING A CATALYST FOR DIVERSIFICATION, INNOVATION, AND ECONOMIC CHANGE. WE ACCOMPLISH OUR MISSION BY WORKING WITH COMPANIES LOOKING TO LOCATE OR EXPAND IN ELKHART COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FOR EDUCATION AND TRAINING OF PERSONS TO ENTER WORKFORCE. TO IMPROVE ELKHART COUNTY THROUGH RESTORATION, CREATION, AND EXPANSION OF EXISTING BUSINESSES AND WORK TOWARD ATTRACTING NEW BUSINESS INTO COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Stager
President &
$133,683
William B Burton
Chairman
$0
Lori Stanger
Vice Chair
$0
Richard A Gentle
Treasurer
$0
Jack Welter
Secretary
$0
Mike Yoder
Chairman Nom
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $457,795
All other contributions, gifts, grants, and similar amounts not included above$236,491
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$694,286
Total Program Service Revenue$53,123
Investment income $645
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$81
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $747,973

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Economic Development Corporation Of Elkhart County Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Elkhart General Hospital Inc

Elkhart, IN

PURPOSE: FINANCIAL INVESTMENT

$10,000
Welter Foundation Inc

Bristol, IN

PURPOSE: EXEMPT PURPOSE OF ORGANIZATION

$5,000
View Grant Recipient Profile

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