2024-11-01T08:09:52-05:00 2023-12-31 370818432 KEMPER CPA GROUP LLP 625 S DAN JONES ROAD AVON IN 46123 990 2023-01-01 351803277 MORGAN COUNTY ECONOMIC DEVELOPMENT CORP MORG 3178319544 PO BOX 606 MOORESVILLE IN 461580606 TERRY BROCK PRESIDENT 3178319544 2024-10-25 1 0 CARRIE M HANNI CPA P00415262 3178399136 2024-10-21 2023 2024-10-15 13:58:12Z TERRY BROCK PO BOX 606 MOORESVILLE IN 461580606 318120 0 X WWW.MORGANCOED.COM X 1990 IN THE PURPOSE IS TO PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA. 16 16 2 0 0 0 0 2500 277000 277000 1974 16177 37052 22443 316026 318120 0 0 0 0 176863 180341 0 0 27273 136132 159004 312995 339345 3031 -21225 804945 805293 27840 32613 777105 772680 THE CORPORATION'S PURPOSE IS TO ENCOURAGE, PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA. 0 0 212160 299443 TO ENCOURAGE, PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA. 212160 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 2 1 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 IN X LEEDA WAMSLEY DIRECTOR OF BUSINESS OPERATIONS 3178319544 4 E HARRISON ST MOORESVILLE IN 46158 MICHAEL HURST PAST PRESIDENT 1.00 X 0 0 0 TERRY BROCK PRESIDENT 1.00 X X 0 0 0 KELLY ALCALA DIRECTOR 1.00 X 0 0 0 TOM WARTHEN DIRECTOR 1.00 X 0 0 0 SHANE WILLIAMS DIRECTOR 1.00 X 0 0 0 JAMES WISCO DIRECTOR 1.00 X 0 0 0 KENNY COSTIN DIRECTOR 1.00 X 0 0 0 JEAN RINK NON-VOTING DIRECTOR 1.00 X 0 0 0 MICHAEL CONNER NON-VOTING DIRECTOR 1.00 X 0 0 0 TRISH WEBER DIRECTOR 1.00 X 0 0 0 WADE PHELPS DIRECTOR 1.00 X 0 0 0 SHAWNA GIRGIS NON-VOTING DIRECTOR 1.00 X 0 0 0 KATHY TAYLOR NON-VOTING DIRECTOR 1.00 X 0 0 0 JAMES TANNEBERGER DIRECTOR 1.00 X 0 0 0 BUCK RITZ NON-VOTING DIRECTOR 1.00 X 0 0 0 JENNIFER ISBELL-SCOTT SECRETARY/TREASURER 1.00 X X 0 0 0 JEFF BANNING DIRECTOR 1.00 X 0 0 0 YUKIHITO OZAKI NON-VOTING DIRECTOR 1.00 X 0 0 0 TROY BRYANT NON-VOTING DIRECTOR 1.00 X 0 0 0 ROBERT CARMONY NON-VOTING DIRECTOR 1.00 X 0 0 0 CINDY KINNARNEY NON-VOTING DIRECTOR 1.00 X 0 0 0 BRIAN ANDERSON NON-VOTING DIRECTOR 1.00 X 0 0 0 TREG HOPKINS NON-VOTING DIRECTOR 1.00 X 0 0 0 JAMIE TAYLOR NON-VOTING DIRECTOR 1.00 X 0 0 0 MINDY TAYLOR NON-VOTING DIRECTOR 1.00 X 0 0 0 LEEDA WAMSLEY NON-VOTING DIRECTOR OF BUS 40.00 X X 47980 0 0 MIKE DELLINGER NON-VOTING EXECUTIVE DIREC 40.00 X X 116314 0 0 MITCH CLINE NON-VOTING DIRECTOR 1.00 X 0 0 0 JULIE CREWE-SCHILLING NON-VOTING DIRECTOR 1.00 X 0 0 0 KEITH LINDAUER DIRECTOR 1.00 X 0 0 0 DUSTIN STANLEY VICE PRESIDENT 1.00 X X 0 0 0 TYLER RENICKER NON-VOTING DIRECTOR 1.00 X 0 0 0 BRYAN COLLIER DIRECTOR 1.00 X 0 0 0 JAMES STATON DIRECTOR 1.00 X 0 0 0 BARRY JACKSON NON-VOTING DIRECTOR 1.00 X 0 0 0 JOE MURPHY NON-VOTING DIRECTOR 1.00 X 0 0 0 SARAH CADY NON-VOTING DIRECTOR 1.00 X 0 0 0 164294 0 0 1 0 0 0 0 2500 2500 MEMBERSHIP DUES 541900 277000 277000 277000 16177 16177 PLAT FEES 541900 21950 21950 READI PROGRAM - REIMBU 541900 393 393 MISCELLANEOUS 541900 100 100 22443 318120 299443 0 16177 164294 131435 24644 8215 3300 2640 495 165 12747 10198 1912 637 11450 11450 24130 24130 15825 15825 5251 4200 788 263 16800 13440 2520 840 12324 9859 1849 616 5515 4412 827 276 2853 2853 27143 27143 BAD DEBT EXPENSE 21871 21871 CONTRACTUAL SERVICES - 7138 7138 DUES AND SUBSCRIPTIONS 6793 5434 1019 340 MISCELLANEOUS 1876 1505 277 94 35 28 5 2 339345 212160 99912 27273 759594 780149 37278 0 5155 25000 65 144 20475 20475 0 0 2853 0 804945 805293 7840 7613 20000 25000 27840 32613 X 634105 629680 143000 143000 777105 772680 804945 805293 -21225 16800 0 X X 0 1 X 1 0 20475 20475 0 0 X 334920 16800 16800 318120 0 318120 339345 0 339345 0 339345 PART X, LINE 2: THE CORPORATION IS ORGANIZED AS AN INDIANA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(6) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE CORPORATION IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE CORPORATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSE. WE HAVE DETERMINED THAT THE CORPORATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. FORM 990, PART VI, SECTION A, LINE 6 PER THE BY-LAWS OF THE CORPORATION, THERE IS A BOARD OF DIRECTORS COMPOSED OF REPRESENTATIVES FROM THE GOVERNMENTAL MEMBERSHIP AND THE CORPORATE/BUSINESS MEMBERSHIP. THE CORPORATION HAS THREE CLASSES OF MEMBERSHIP. THE GENERAL MEMBERSHIP INCLUDES THOSE NONGOVERNMENTAL MEMBERS MAKING A MEMBERSHIP PAYMENT OF $4,000 OR MORE ANNUALLY THROUGH THE PAYMENT OF DUES AS SET BY THE BOARD OF DIRECTORS. GENERAL MEMBERS WILL BECOME MEMBER OF THE BOARD OF DIRECTORS HAVING FULL VOTING RIGHTS AND DUTIES CONFERRED UPON THE BOARD OF DIRECTORS. THE GOVERNMENTAL MEMBERSHIP INCLUDES A MEMBER DESIGNATED BY THE CITY COUNCIL OF MARTINSVILLE, THE TOWN COUNCIL OF MOORESVILLE AND THE COUNTY COMMISSIONERS OF MORGAN COUNTY. UPON MAKING AN ANNUAL MEMBERSHIP PAYMENT OF DUES TO THE CORPORATION OF $50,000 EACH MEMBER HAS ONE APPOINTMENT TO THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE. THE SPECIAL MEMBERSHIP INCLUDES AN INDIVIDUAL OR ORGANIZATION APPROVED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND HAVE SUCH RIGHTS AS DESIGNATED BY THE BOARD OF DIRECTORS. THE MARTINSVILLE AND MOORESVILLE CHAMBERS OF COMMERCE SHALL EACH BE ENTITLED TO ONE NON-VOTING SPECIAL MEMBERSHIP ON THE BOARD OF DIRECTORS. AN ASSOCIATE MEMBERSHIP LEVEL OF SPECIAL MEMBERS SHALL BE GRANTED TO ANY ENTITY FOR AN ANNUAL MEMBERSHIP PAYMENT OF $1,500. FORM 990, PART VI, SECTION A, LINE 7B EACH OF THE TWO CLASSES OF MEMBERS - GENERAL MEMBERS AND GOVERNMENTAL MEMBERS HAVE THE RIGHT TO APPROVE DECISIONS MADE BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR OF THE CORPORATION FOR REVIEW, SIGNATURE AND MAILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST STATEMENTS ARE GIVEN TO BOARD MEMBERS ANNUALLY FOR THEM TO READ, SIGN AND RETURN THE COMPLETED FORMS TO THE OFFICES OF MCEDC. THE COMPLETED CONFLICT OF INTEREST FORMS ARE FILED AT THE MCEDC OFFICE. IF CONFLICTS SHOULD ARISE THEY ARE DISCUSSED AND RESOLVED. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DISCUSSED AT AN EXECUTIVE COMMITTEE MEETING FOR THE UPCOMING FISCAL YEAR. COMPARABLE COMPENSATION OF LIKE ORGANIZATIONS ARE REVIEWED AND COMPARED. FORM 990, PART VI, SECTION C, LINE 19 MORGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C THE BOARD OF DIRECTORS REVIEW THE FINANCIAL STATEMENTS AND ACCOMPANYING NOTES AND HIRE AN INDEPENDENT ACCOUNTANT.