2025-11-17T14:43:50-05:00 2024-12-31 370818432 KEMPER CPA GROUP LLP 625 S DAN JONES ROAD AVON IN 46123 990 2024-01-01 351803277 MORGAN COUNTY ECONOMIC DEVELOPMENT MORG 3178319544 PO BOX 606 MOORESVILLE IN 461580606 TERRY BROCK PRESIDENT 3178319544 2025-11-05 true true LESLEY A RHODEN CPA P00974533 3178399136 2025-11-05 2024 2025-03-06 01:10:19Z EXTENDED TO NOVEMBER 17 2025 TERRY BROCK PO BOX 606 MOORESVILLE IN 46158 313320 false X WWW.MORGANCOED.COM X 1990 IN THE PURPOSE IS TO PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA. 16 16 2 0 2500 0 277000 274000 16177 14870 22443 24450 318120 313320 0 0 180341 185712 0 29164 159004 156284 339345 341996 -21225 -28676 805293 789804 32613 29000 772680 760804 THE PURPOSE IS TO PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA. false false 235541 274000 TO ENCOURAGE, PROMOTE AND DEVELOP ECONOMIC EXPANSION WITHIN MORGAN COUNTY, INDIANA. 235541 false false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2 0 true 2 true false false false false false false false false X 16 16 false false false false true false true true true false false false true true true true true true false false IN X LEEDA WAMSLEY DIRECTOR 3178319544 4 E HARRISON ST MOORESVILLE IN 46158 MICHAEL HURST PAST PRESIDE 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 VICE PRESIDE 1.00 X X 0 0 0 MARK MATHIS DIRECTOR 1.00 X 0 0 0 BEN MAHAN DIRECTOR 1.00 X 0 0 0 KENNY COSTIN DIRECTOR 1.00 X 0 0 0 JEAN RINK NON-VOTING D 1.00 X 0 0 0 MICHAEL CONNER NON-VOTING D 1.00 X 0 0 0 LORI WARNER DIRECTOR 1.00 X 0 0 0 LISA ARNOLD DIRECTOR 1.00 X 0 0 0 SHAWNA GIRGIS NON-VOTING D 1.00 X 0 0 0 KATHY TAYLOR NON-VOTING D 1.00 X 0 0 0 JAMES TANNEBERGER DIRECTOR 1.00 X 0 0 0 KEGAHN HOPWOOD DIRECTOR 1.00 X 0 0 0 JENNIFER ISBELL-SCOTT SECRETARY/TR 1.00 X X 0 0 0 JEFF BANNING DIRECTOR 1.00 X 0 0 0 YUKIHITO OZAKI NON-VOTING D 1.00 X 0 0 0 TROY BRYANT NON-VOTING D 1.00 X 0 0 0 ROBERT CARMONY NON-VOTING D 1.00 X 0 0 0 MICHAEL SORRELLS NON-VOTING D 1.00 X 0 0 0 RACHEL HUSER NON-VOTING D 1.00 X 0 0 0 TREG HOPKINS NON-VOTING D 1.00 X 0 0 0 JAMIE TAYLOR NON-VOTING D 1.00 X 0 0 0 MINDY TAYLOR NON-VOTING D 1.00 X 0 0 0 LEEDA WAMSLEY NON-VOTING D 40.00 X X 51250 0 0 MIKE DELLINGER NON-VOTING E 40.00 X X 117973 0 0 MITCH CLINE NON-VOTING D 1.00 X 0 0 0 JULIE CREWE-SCHILLING NON-VOTING D 1.00 X 0 0 0 KEITH LINDAUER DIRECTOR 1.00 X 0 0 0 DAIVD ELSER NON-VOTING D 1.00 X 0 0 0 BRYAN COLLIER DIRECTOR 1.00 X 0 0 0 JAMES STATON DIRECTOR 1.00 X 0 0 0 BRETT SEIPKA NON-VOTING D 1.00 X 0 0 0 JOE MURPHY NON-VOTING D 1.00 X 0 0 0 SARAH CADY NON-VOTING D 1.00 X 0 0 0 169223 1 false false false MEMBERSHIP DUES 541900 274000 274000 274000 14870 14870 PLAT INCOME 541900 23350 23350 MISCELLANEOUS 541900 1100 1100 24450 313320 298450 14870 169223 135378 25384 8461 3364 2692 504 168 13125 10500 1969 656 12023 12023 235 235 18047 18047 3910 3128 587 195 16800 13440 2520 840 2586 2069 388 129 4959 3967 744 248 31682 31682 BAD DEBT EXPENSE 32218 32218 CONTRACTUAL SERVICES - BU 25450 25450 DUES AND SUBSCRIPTIONS 6062 4850 909 303 MISCELLANEOUS 2262 1810 339 113 50 39 7 4 341996 235541 77291 29164 780149 782744 1000 25000 144 69 26466 20475 5991 805293 789804 7613 16500 25000 12500 32613 29000 X 629680 617804 143000 143000 772680 760804 805293 789804 -28676 16800 X false true X true false 24 24 26442 20475 5967 5991 X 330120 16800 16800 313320 313320 341996 341996 341996 SCHEDULE D, PAGE 3, PART X THE CORPORATION IS ORGANIZED AS AN INDIANA NONPROFIT CORPORATION AND HAS BEEN RECONGNIZED 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). RESPECTIVLEY. THE CORPORATION IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCE TAX (FORM 990) WITH THE IRS. IN ADDITION, THE CORPORATION IS SUBJECT TO INCOME TAX AND 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR OF THE CORPORATION FOR REVIEW, SIGNATURE AND MAILING. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15A COMPENSATION IS DISCUSSED AT AN EXECUTIVE COMMITTEE MEETING FOR THE UPCOMING FISCAL YEAR. COMPARABLE COMPENSATION OF LIKE ORGANZIATIONS ARE REVIEWED AND COMPARED. FORM 990, PAGE 6, PART VI, LINE 19 MORGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.