2026-07-17T10:47:15-05:00 2025-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2025-01-01 351768561 BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION BOON 4632139936 2030 INDIANAPOLIS AVE LEBANON IN 46052 ANDREA KERN CEO 4632139936 2026-07-17 1 ABIGAIL HEDGES CPA P02058156 3177456411 2026-07-17 2025 2025-03-06 01:10:19Z ANDREA KERN 2030 INDIANAPOLIS AVE LEBANON IN 46052 764687 0 X BETTERINBOONE.ORG X 1989 IN TO PROMOTE ECONOMIC DEVELOPMENT IN BOONE COUNTY. 7 7 5 7 0 0 636390 617791 44185 117015 18278 25856 11783 -1411 710636 759251 0 0 0 0 360257 324542 0 0 0 231922 215316 592179 539858 118457 219393 1157297 1364153 138623 126087 1018674 1238066 X TO PROMOTE ECONOMIC DEVELOPMENT IN BOONE COUNTY. 0 0 THE BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION (BOONE EDC) WORKS TO PROMOTE SUSTAINABLE ECONOMIC GROWTH AND IMPROVE QUALITY OF LIFE IN BOONE COUNTY, INDIANA. THIS PROGRAM FOCUSES ON BUSINESS ATTRACTION, SITE DEVELOPMENT, AND STRATEGIC PARTNERSHIPS TO EXPAND THE LOCAL TAX BASE AND CREATE JOBS.SERVICES ARE PROVIDED YEAR-ROUND TO THE RESIDENTS AND BUSINESSES OF BOONE COUNTY. IN 2025, BOONE EDC SUPPORTED MULTIPLE ECONOMIC DEVELOPMENT PROJECTS BY PROVIDING SITE SELECTION ASSISTANCE, DEMOGRAPHIC AND WORKFORCE DATA, AND COORDINATION WITH LOCAL, REGIONAL, AND STATE PARTNERS. THESE EFFORTS CONTRIBUTED TO BUSINESS INVESTMENT, JOB CREATION, AND CONTINUED ECONOMIC VITALITY ACROSS THE COUNTY. THE BUSINESS RETENTION & EXPANSION PROGRAM IS DESIGNED TO SUPPORT EXISTING BOONE COUNTY EMPLOYERS BY IDENTIFYING THEIR NEEDS, ADDRESSING CHALLENGES, AND HELPING THEM GROW.IN 2025, BOONE EDC CONDUCTED 35 BR&E VISITS WITH LOCAL COMPANIES REPRESENTING OVER 600 EMPLOYEES. THESE VISITS WERE CONDUCTED THROUGHOUT THE YEAR AND PROVIDED DIRECT ENGAGEMENT WITH EMPLOYERS TO ASSESS WORKFORCE NEEDS, INFRASTRUCTURE CONCERNS, AND EXPANSION OPPORTUNITIES. BOONE EDC CONNECTED BUSINESSES TO RESOURCES, TECHNICAL ASSISTANCE, AND PARTNER ORGANIZATIONS TO HELP RETAIN JOBS AND ENCOURAGE REINVESTMENT IN THE COMMUNITY.ADDITIONALLY, BOONE EDC ADMINISTERS A MICROLOAN PROGRAM TO SUPPORT SMALL BUSINESS GROWTH AND ENTREPRENEURSHIP. THIS PROGRAM PROVIDES ACCESS TO CAPITAL FOR LOCAL BUSINESSES, HELPING THEM START, EXPAND, AND STABILIZE OPERATIONS WITHIN BOONE COUNTY. WORKFORCE DEVELOPMENT: THROUGHOUT 2025, BOONE EDC COLLABORATED WITH LOCAL SCHOOLS, TRAINING PROVIDERS, AND EMPLOYERS TO SUPPORT WORKFORCE INITATIVES, CAREER AWARENESSS, AND TALENT DEVELOPMENT. ACTIVITIES INCLUDED HOSTING AND PARTICIPATING IN WORKFORCE-RELATED EVENTS, FACILITATING EMPLOYER ENGAGEMENT WITH EDUCATION PARTNERS, AND PROMOTING CAREER PATHWAYS TO STUDENTS AND JOB SEEKERS ACROSS BOONE COUNTY. THESE EFFORTS SERVED THE BROADER COMMUNITY AND HELPED ALIGN WORKFORCE SKILLS WITH CURRENT AND FUTURE EMPLOYER NEEDS. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X ANDREA KERN 4632139936 2030 INDIANAPOLIS AVE LEBANON IN 46052 SHANE COONER BOARD CHAIR 1.00 X X 0 0 0 ADAM OWENS VICE CHAIR 1.00 X X 0 0 0 COREY KUTZ TREASURER 1.00 X X 0 0 0 KELLY BRAVERMAN BOARD MEMBER 1.00 X 0 0 0 LISA GALVIN BOARD MEMBER 1.00 X 0 0 0 RICK ISENHOWER BOARD MEMBER 1.00 X 0 0 0 SHARI RICHEY BOARD MEMBER 1.00 X 0 0 0 ANDREA KERN CEO 40.00 X 90048 0 11652 90048 0 11652 0 0 0 0 0 14100 455791 147900 617791 PLAT FEES 561499 117015 117015 117015 25856 25856 932 14100 5436 -4504 -4504 OTHER INCOME 900099 3093 3093 3093 759251 120108 0 21352 101700 174596 15177 22963 10106 50000 13000 29779 12685 32907 18812 9467 12333 2578 13334 4754 PROFESSIONAL DEVELOPMEN 15617 BAD DEBT EXPENSE 50 539858 383552 41050 239090 751844 53665 55825 143580 138651 2451 465643 104190 323629 361453 15230 11330 100 1157297 1364153 17710 9915 53300 53300 67613 62872 138623 126087 X 702350 899205 316324 338861 1018674 1238066 1157297 1364153 219393 -1 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 50000 50000 405762 94311 311451 9881 9879 2 361453 X 759251 0 759251 0 759251 539858 0 539858 0 539858 PART X, LINE 2: BOONE EDC IS CLASSIFIED AS A NOT-FOR-PROFIT ORGANIZATION PARTIALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CERTAIN INCOME OF BOONE EDC CAN BE SUBJECT TO FEDERAL AND STATE INCOME TAX. CONTRIBUTIONS TO BOONE EDC ARE NOT TAX DEDUCTIBLE. BOONE EDC'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE. 3 15032 14100 932 5436 15032 14100 932 5436 5436 -4504 FORM 990, PART VI, SECTION A, LINE 3 DURING THE TRANSITION BETWEEN CEOS, THE ORGANIZATION ENGAGED TRACEY HORTH KRUEGER, AN INDEPENDENT CONTRACTOR, TO SERVE AS INTERIM EXECUTIVE DIRECTOR FROM 10/15/24 TO 5/31/2025. DUTIES INCLUDED OVERSEEING DAILY OPERATIONS, SUPERVISING STAFF, AND MANAGING PROGRAMS. THE BOARD MAINTAINED OVERSIGHT DURING THIS PERIOD. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS INCLUDE GOVERNMENT AGENCIES, PRIVATE COMPANIES, AND UTILITY COMPANIES. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS CIRCULATED AND REVIEWED BY THE EXECUTIVE COMMITTEE BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO DIRECTORS, OFFICERS, AND EMPLOYEES AND REQUIRES THEM TO AVOID ACTUAL, POTENTIAL, OR PERCEIVED CONFLICTS OF INTEREST. EMPLOYEES WHO HAVE INFLUENCE OVER PURCHASES, CONTRACTS, OR LEASES MUST PROMPTLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO AN OFFICER SO THAT APPROPRIATE SAFEGUARDS CAN BE ESTABLISHED. DIRECTORS WHO RECEIVE COMPENSATION AS EMPLOYEES OR INDEPENDENT CONTRACTORS OF THE ORGANIZATION ARE REQUIRED TO ABSTAIN FROM VOTING ON MATTERS DIRECTLY RELATED TO THAT COMPENSATION. TRANSACTIONS INVOLVING OUTSIDE FIRMS ARE SUBJECT TO EXECUTIVE-LEVEL OVERSIGHT, AND PROMOTIONAL ARRANGEMENTS THAT COULD RESULT IN UNUSUAL GAIN REQUIRE EXECUTIVE-LEVEL APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FROM THE DUTIES AND EXPECTATIONS OF THE APPLICABLE POSITION. THE COMMITTEE RECEIVES AND REVIEWS COMPARABLE MARKET DATA FROM OTHER ECONOMIC DEVELOPMENT CORPORATIONS FROM THE SURROUNDING NINE COUNTIES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.