2020-07-09T16:22:39-05:00 2019-12-31 352055043 HUTH THOMPSON LLP PO BOX 970 LAFAYETTE IN 479020970 990 2019-01-01 813745360 GREATER LAFAYETTE COMMERCE COMM AND ECONOMIC DEVELOPMENT FOUNDATION GREA 7657424044 PO BOX 348 LAFAYETTE IN 479020348 SCOTT WALKER PRESIDENT & CEO GLC 7657424044 2020-07-15 KIMBERLEY R MORISETTE P00337290 7654285000 2020-07-02 72.12.198.72 2020-07-09 16:22:39 CD P 62CD48560652344EBD30BC8FB7AB6AF3B01EDE81 F57122CDF058BC5995B2C6209248F4B03C36DE20 2019 2021-01-29 14:40:06Z GARY LEHMAN PO BOX 348 LAFAYETTE IN 479020348 63591 false X WWW.GREATERLAFAYETTECOMMERCE.COM X 2016 IN THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO CONDUCT, SUPPORT, ENCOURAGE, AND ASSIST THE COMMON GOOD AND WELFARE OF THE CITIZENS OF LAFAYETTE, WEST LAFAYETTE, TIPPECANOE COUNTY AND THE WEST CENTRAL REGION OF INDIANA IT SERVES. IN ADDITION, 1) THE FOUNDATION OPERATES AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND BENEFIT OF LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION (D/B/A GREATER LAFAYETTE COMMERCE) TO SOLICIT FUNDS TO SUPPORT ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, 2)TO SOLICIT CHARITABLE CONTRIBUTIONS AND OTHER FUNDS FOR AND TO PROVIDE OTHER BENEFITS FOR THE SUPPORT AND BENEFIT OF AND IN CONJUNCTION WITH ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, AND 3)TO COOPERATE, COLLABORATE AND WORK WITH OTHER ORGANIZATIONS INCLUDING, BUT NOT LIMITED TO, GREATER LAFAYETTE COMMERCE TO PURSUE AND ACHIEVE THE PURPOSES SET OUT ABOVE. 5 5 0 5 0 1951632 63591 0 0 -30498 0 1921134 63591 0 0 98320 115400 0 0 138505 40078 236825 155478 1684309 -91887 1995177 2000669 0 1995177 2000669 X THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO CONDUCT, SUPPORT, ENCOURAGE, AND ASSIST THE COMMON GOOD AND WELFARE OF THE CITIZENS OF LAFAYETTE, WEST LAFAYETTE, TIPPECANOE COUNTY AND THE WEST CENTRAL REGION OF INDIANA IT SERVES. IN ADDITION, 1) THE FOUNDATION OPERATES AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND BENEFIT OF LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION (D/B/A GREATER LAFAYETTE COMMERCE) TO SOLICIT FUNDS TO SUPPORT ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, 2)TO SOLICIT CHARITABLE CONTRIBUTIONS AND OTHER FUNDS FOR AND TO PROVIDE OTHER BENEFITS FOR THE SUPPORT AND BENEFIT OF AND IN CONJUNCTION WITH ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, AND 3)TO COOPERATE, COLLABORATE AND WORK WITH OTHER ORGANIZATIONS INCLUDING, BUT NOT LIMITED TO, GREATER LAFAYETTE COMMERCE TO PURSUE AND ACHIEVE THE PURPOSES SET OUT ABOVE. false false 131299 SEE ORGANIZATION'S MISSION. IN 2019, 7344 HAD BEEN EXPENDED FOR CAPITAL IMPROVEMENTS OF THE GREATER LAFAYETTE COMMERCE'S OFFICE BUILDING. IN ADDITION, 55,000 HAD BEEN RAISED TO FUND STRATEGIC PLANS FOR GREATER LAFAYETTE COMMERCE. 131299 true true false false false false false false false false true false false true false true false true false false false false false false false false false false false true false false false false false true false false false false false false false true false false false true 0 0 false 0 false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true false false IN X SCOTT WALKER 7657424044 PO BOX 348 LAFAYETTE IN 47902 SCOTT WALKER PRESIDENT & 40.00 X X 51087 153261 42063 JASON BRICKER TREASURER 0.10 X X 0 0 0 JULIE GRIFFITH VICE CHAIR 0.10 X X 0 0 0 JODY HAMILTON SECRETARY 0.10 X X 0 0 0 GARY LEHMAN CHAIR 0.10 X X 0 0 0 51087 153261 42063 false true false 63591 63591 63591 61602 49282 12320 44468 35575 8893 1590 1272 318 1232 985 247 6508 5206 1302 1471 1177 294 3164 2531 633 34585 34585 PROFESSIONAL DEVELOPMENT 858 686 172 155478 131299 24179 0 660835 475759 1192991 72320 1050533 1120671 283809 404239 1995177 2000669 0 0 X 1995177 2000669 1995177 2000669 1995177 2000669 X -91887 97379 X false true X true false X X 1 LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION 300363760 10 true 62344 0 1 62344 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1062407 32916 1029491 130584 39404 91180 1120671 DUE TO/FROM FOUNDATION 404239 404239 X SCHEDULE D, PAGE 3, PART X THE CONSOLIDATED AUDIT REPORT HAS NOT BEEN ISSUED YET FOR 2019. IT WILL CONTAIN A FIN 48 FOOTNOTE AS FOLLOWS: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REQUIRES AN ORGANIZATION TO MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON ITS TAX RETURNS. THE ORGANIZATIONS RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FEDERAL AND STATE INCOME TAX RETURNS OF GREATER LAFAYETTE COMMERCE AND SUBSIDIARIES FOR 2019, 2018, 2017, AND 2016 ARE SUBJECT TO EXAMINATION BY TAXINGAUTHORITIES (GENERALLY FOR THREE YEARS AFTER THEY WERE FILED). X true false X X false false false false false false false false false SCOTT WALKER PRESIDENT & CEO GLC 51087 153261 3102 9309 7413 22239 61602 184809 SCHEDULE J, PART III THE RELATED ORGANIZATION, GREATER LAFAYETTE COMMERECE, PAYS THE ANNUAL DUES OF 3650 FOR THE CEO'S MEMBERSHIP IN THE COUNTRY CLUBS. SEE PART V false SCHEDULE L, PART V VARIOUS BOARD MEMBERS AND THE BUSINESSES THEY WORK FOR PROVIDE A VARIETY OF SERVICES TO THE ORGANIZATION THROUGHOUT THE YEAR. NO INDIVIDUAL TRANSACTIONS MET THE REQUIRED REPORTING THRESHOLDS. FORM 990 - ORGANIZATION'S MISSION THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO CONDUCT, SUPPORT, ENCOURAGE, AND ASSIST THE COMMON GOOD AND WELFARE OF THE CITIZENS OF LAFAYETTE, WEST LAFAYETTE, TIPPECANOE COUNTY AND THE WEST CENTRAL REGION OF INDIANA IT SERVES. IN ADDITION, 1) THE FOUNDATION OPERATES AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND BENEFIT OF LAFAYETTE-WEST LAFAYETTE DEVELOPMENT CORPORATION (D/B/A GREATER LAFAYETTE COMMERCE) TO SOLICIT FUNDS TO SUPPORT ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, 2)TO SOLICIT CHARITABLE CONTRIBUTIONS AND OTHER FUNDS FOR AND TO PROVIDE OTHER BENEFITS FOR THE SUPPORT AND BENEFIT OF AND IN CONJUNCTION WITH ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS AND PROJECTS OF GREATER LAFAYETTE COMMERCE, AND 3)TO COOPERATE, COLLABORATE AND WORK WITH OTHER ORGANIZATIONS INCLUDING, BUT NOT LIMITED TO, GREATER LAFAYETTE COMMERCE TO PURSUE AND ACHIEVE THE PURPOSES SET OUT ABOVE. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY AT DESIGNATED BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE GREATER LAFAYETTE COMMERCE'S PRESIDENT'S SALARY IS APPROVED BY THE BOARD UPON RECOMMENDATION OF THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE -27,659 TRANSFER OF ASSETS FROM GLC FROM PY 125,038 TOTAL 97,379 LAFAYETTE-WEST LAFAYETTE DEVELOPMEN PO BOX 348 LAFAYETTE IN 47902 300363760 COMMUNITY IN 4 NA false LAFAYETTE-WEST LAFAYETTE CHAMBER OF PO BOX 348 LAFAYETTE IN 47902 350350880 CHAMBER IN 6 NA false GREATER LAFAYETTE COMMUNITY DEVELOP PO BOX 348 LAFAYETTE IN 47902 352128701 COMMUNITY IN 3 7 NA false false false false false false false false false false false true true true true true false false false false LAFAYETTE-WEST LAFAYETTE DEVELOPMEN R 125038 COST