Sustainable Muncie Corp
- Assets
- $4.5m
- Revenue
- $788.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Muncie, IN
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2734122
Organization Overview
Sustainable Muncie Corp is located in Muncie, IN. The organization was established in 2015. 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, Sustainable Muncie Corp employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Muncie Corp 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, Sustainable Muncie Corp generated $788.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $764.8k during the year ending 12/2021. 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
TO PROVIDE CHARITABLE SERVICES THAT 1) REVITALIZE A LOW OR MODERATE INCOME COMMUNITY 2) PROVIDE SMALL BUSINESS TRAINING AND PROMOTION, BUSINESS INCUBATOR SPACE, LENDING OF SMALL OR MICRO-BUSINESS LOANS AND 3) DEVELOP, OWN, AND MANAGE RETAIL AND COMMERCIAL PROPERTIES OR INDUSTRIAL PARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION, REVITALIZATION AND PROMOTION OF A COMMERCIAL PROPERTY LOCATED IN A LOW/MODERATE INCOME COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Brunsman President | OfficerTrustee | 1 | $0 |
Jane Ellery Chairman Of The Board | OfficerTrustee | 5 | $0 |
Allison Robbins Secretary | OfficerTrustee | 1 | $0 |
Phil Tevis Vice President | OfficerTrustee | 1 | $0 |
Peggy Cenova Treasurer | OfficerTrustee | 1 | $0 |
Alisa Wells Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,000 |
| Total Program Service Revenue | $279,424 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $788,453 |
| 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. | $31,154 |
| Compensation of current officers, directors, key employees. | $3,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $624 |
| Office expenses | $1,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $175,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,226 |
| Insurance | $18,913 |
| All other expenses | $34,921 |
| Total functional expenses | $764,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,531 |
| 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 | $3,729,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $133,929 |
| Other assets | $7,369 |
| Total assets | $4,503,973 |
| Accounts payable and accrued expenses | $14,435 |
| 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 | $4,191,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $400 |
| Total liabilities | $4,206,831 |
| Net assets without donor restrictions | $203,492 |
| Net assets with donor restrictions | $93,650 |
| 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 | $4,503,973 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sustainable Muncie Corp has recieved totaling $161,000.
| Awarding Organization | Amount |
|---|---|
Ball Brothers Foundation Muncie, IN PURPOSE: MADJAX & FUTURE OF WORK; WEBSITE MERGER | $155,000 |
George And Frances Ball Foundation Muncie, IN PURPOSE: RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS | $3,000 |
George And Frances Ball Foundation Muncie, IN PURPOSE: RESULTS-BASED ACCOUNTABILITY CERTIFICATIONS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
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 |