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Nonprofit · EIN 03-0551657

MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · HILLSBORO, IL 62049

Financials

$91K$91K2023$112K$92K2024$100K$110K2025
Revenue Expenses · by fiscal year end
Financials of MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$99,952$109,658-$9,706$237,264$0$237,264
December 31, 2024990-EZ$111,901$92,234$19,667$246,970$0$246,970
December 31, 2023990-EZ$91,382$91,330$52$227,639$336$227,303
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,000
Membership dues
$70,922
Investment income
$3,406
Other revenue
$24,624

Expenses

Compensation of officers, directors and key employees
$12,644
Salaries, compensation and benefits (total)
$29,804
Professional fees and payments to contractors
$27,850
Other expenses
$52,004

Balance sheet and other

Total assets, start of year
$246,970
Total assets, end of year
$237,264
Total liabilities, end of year
$0
Net assets, end of year
$237,264
Cash, savings and investments
$237,264
Gross receipts
$99,952

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
KAITLYN FATHEXECUTIVE DIRECTOR25$12,644
MARK HUGHESPRESIDENT1$0
JODI REYNOLDSSECRETARY0$0
CASSANDRA ROVEYTREASURER0$0
990-EZ for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
MARK HUGHESPRESIDENT2$0
JODI REYNOLDSSECRETARY0$0
CASSANDRA ROVEYTREASURER0$0
SARAH MCCONNELLVICE PRESIDENT0$0
WILLIAM MONTGOMERYEXECUTIVE DIRECTOR0$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KATIE WILSONPRESIDENT5$0
JODI REYNOLDSSECRETARY0$0
CASSANDRA ROVEYDIRECTOR0$0
SARAH MCCONNELLVICE PRESIDENT0$0

Address and contacts

Address (IRS master file)
PO BOX 213, HILLSBORO, IL 62049-0213
In care of
% CASSANDRA ROVEY
Signed the 990-EZ
CASSANDRA ROVEY, TREASURER
Phone
(217) 899-3357
Return prepared by
PATTON & COMPANY PC

Mission

ECONOMIC DEVELOPMENT

990-EZ for the year ended December 31, 2025

Program accomplishments

  • INCREASE ECONOMIC STANDARD OF LIVING AND QUALITY OFLIFE IN MONTGOMERY COUNTY BY PROVIDING EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL SUPPORT

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-EZ for MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
03-0551657
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$237,264
Income (IRS master file)
$99,952

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$99,952$109,658$237,264XML
990-EZDecember 2024$111,901$92,234$246,970XML
990-EZDecember 2023$91,382$91,330$227,639XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0551657).

Questions about MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION is 03-0551657.
Is MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The 990-EZ for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $12,644 (KAITLYN FATH, EXECUTIVE DIRECTOR).
How much revenue does MONTGOMERY COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $99,952, expenses of $109,658 and total assets of $237,264 at year end.

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