COUNCIL FOR ECONOMIC DEVELOPMENT OF HANCOCK COUNTY Charity Report

Public IRS 990 nonprofit record

COUNCIL FOR ECONOMIC DEVELOPMENT OF HANCOCK COUNTY

EIN 35-1654127 · Professional Athletic Leagues (N80)

What they do

to PROMOTE ECONOMIC DEVELOPMENT IN HANCOCK COUNTY BY PROVIDING SITE ASSISTANCE, COST of DOING BUSINESS ANALYSIS, and ECONOMIC IMPACT MODELING to SITE LOCATION CONSULTANTS, THE CORPORATE REAL ESTATE COMMUNITY, and INDIVIDUAL BUSINESSES. WE SERVE AS A LIAISON BETWEEN LOCAL GOVERNMENT and THE BUSINESS COMMUNITY. OUR MISSION is to ENHANCE THE QUALITY of LIFE IN HANCOCK COUNTY THROUGH THE ATTRACTION and RETENTION of QUALITY JOBS and PROMOTION of A DIVERSIFIED TAX BASE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$78.50spent for every $100 of revenueRevenue covered expenses this year.

76.15%of revenue went to management and office costs97.0% of expenses

$0.77in assets for every $1 spent this yearSome assets cannot be spent right away.

28.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $109,815 for RANDALL SORRELL (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$639,100

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$486,68076.15% of revenue97.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$137,40921.50% of revenueShown in gray on the chart

Total expenses$501,69178.50% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 0.0% mission · 97.0% management · 0.0% fundraisingTotal expenses: 78.50% of revenue

2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 88.38% of revenue

2022Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 118.60% of revenue

2021Expense mix: 0.0% mission · 36.6% management · 0.0% fundraisingTotal expenses: 98.09% of revenue

2020Expense mix: 0.0% mission · 92.7% management · 0.0% fundraisingTotal expenses: 97.21% of revenue

2019Expense mix: 0.0% mission · 88.1% management · 0.0% fundraisingTotal expenses: 91.31% of revenue

2018Expense mix: 0.0% mission · 94.1% management · 0.0% fundraisingTotal expenses: 112.18% of revenue

2017Expense mix: 15.1% mission · 84.9% management · 0.0% fundraisingTotal expenses: 92.35% of revenue

Money in and money out

Revenue$639,100

Expenses$501,691

Annual surplus $137,409 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$486,680 · 97.0% of expenses

See all reported dollar amounts

Revenue$639,100

Expenses$501,691

Assets$388,571

Income$639,100

Contributions$182,424

Grants given$510,000

Average grant$255,000

Management and general$486,680

Accounting fees$15,867

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RANDALL SORRELLEXECUTIVE DI $109,815

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

RANDALL SORRELLEXECUTIVE DI

MATT BRAUERTRUSTEE

JEFFERY SOMERSMEMBER

JIM ROBINSONMEMBER

JIM SHELBYMEMBER

JOE MURPHYTRUSTEE

JOE RENNERTRUSTEE

JON MILLERTREASURER

MARIA BONDMEMBER

MARY GIBBLETRUSTEE

JASON KOCHMEMBER

MICHAEL BURROWMEMBER

MIKE GRAFMEMBER

MIKE JONESMEMBER

RACHEL HUSERTRUSTEE

ROBERT ERVINMEMBER

RYAN BERRYMEMBER

DAVID SPENCERMEMBER

BILL SPALDINGTRUSTEE

BRIGETTE COOK JONESTRUSTEE

BRYAN MILLERTRUSTEE

BUCK RITZTRUSTEE

CHRIS KINGTRUSTEE

CRAIG SMITHMEMBER

DAN RILEYSECRETARY

DAVE GRAYTRUSTEE

BILL NIEMIERTRUSTEE

DR GEORGE PHILHOWERTRUSTEE

DR JACK PARKERMEMBER

DRAKE BRANDAMEMBER

GREGORY WHITETRUSTEE

GUY TITUSMEMBER

HALEY TOMLINSONTRUSTEE

HAROLD OLINPRESIDENT

About this charity

Recognized since: January 1988
Location: 1 COURT HOUSE PLZ, GREENFIELD, IN 46140-2300
County: Hancock
In care of: RANDALL SORRELL
Primary officer: RANDALL SORRELL, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailrsorrell@hancockedc.com Phone(317) 477-7241

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SPRINKLE & ASHLEY CPA LLC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes