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Nonprofit · EIN 23-7258115

MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION

Also known as MCEDC

Tax-exempt · MICHIGAN CITY, IN 46360

Financials

$790K$631K2023$861K$834K2024
Revenue Expenses · by fiscal year end
Financials of MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$861,407$833,672$27,735$1,033,412$132,043$901,369
December 31, 2023990$789,987$630,525$159,462$1,103,873$230,239$873,634
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$469,958
Program service revenue
$383,962
Investment income
$7,487
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$239,297
Other salaries and wages
$89,442
Salaries, compensation and benefits (total)
$425,345
Professional fundraising fees
$0
Accounting fees
$43,500
Occupancy
$37,428
Travel
$38,154
Depreciation
$6,667
Program services (functional)
$567,896
Management and general (functional)
$262,555
Fundraising (functional)
$3,221

Balance sheet and other

Total assets, start of year
$1,103,873
Total assets, end of year
$1,033,412
Total liabilities, end of year
$132,043
Net assets, end of year
$901,369
Land, buildings and equipment
$38,951
Gross receipts
$861,407
Employees
5
Year formed
1972
State of legal domicile
IN

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LINDA SIMMONSPAST CHAIR
Trustee or director
5$0
BRENDA TEMPLESECRETARY
Trustee or director
5$0
KATIE EATONBOARD MEMBER
Trustee or director
5$0
DENISE CONLONBOARD MEMBER
Trustee or director
5$0
BARBARA EASON-WATKINSBOARD MEMBER
Trustee or director
5$0
SCOTT NEWCOMBBOARD MEMBER
Trustee or director
5$0
DALIA ZYGASBOARD MEMBER
Trustee or director
5$0
DEAN MAZZONIBOARD MEMBER
Trustee or director
5$0
DUANE PARRYBOARD MEMBER
Trustee or director
5$0
DON BABCOCKBOARD MEMBER
Trustee or director
5$0
STEPHANIE OBERLIEBOARD MEMBER
Trustee or director
5$0
JESSICA BAILEYBOARD MEMBER
Trustee or director
5$0
BILL HACKNEYCHAIRPERSON
Trustee or director, Officer
10$0
SETH SPENCERVICE CHAIR
Trustee or director, Officer
5$0
STEVE KRINGTREASURER
Trustee or director, Officer
5$0
1 more people on this return
NameTitleHours / weekCompensation
CLARENCE HULSEEXCUTIVE DIRECTOR
Officer, Key employee
40$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
CLARENCE HULSEEXCUTIVE DIRECTOR
Officer, Key employee
40$123,500
DEAN MAZZONIBOARD MEMBER
Trustee or director
5$0
DALIA ZYGASBOARD MEMBER
Trustee or director
5$0
SCOTT NEWCOMBBOARD MEMBER
Trustee or director
5$0
DUANE PARRYBOARD MEMBER
Trustee or director
5$0
JESSICA BAILEYBOARD MEMBER
Trustee or director
5$0
STEPHANIE OBERLIEBOARD MEMBER
Trustee or director
5$0
DON BABCOCKBOARD MEMBER
Trustee or director
5$0
BARBARA EASON-WATKINSBOARD MEMBER
Trustee or director
5$0
BRENDA TEMPLESECRETARY
Trustee or director
5$0
LINDA SIMMONSPAST CHAIR
Trustee or director
5$0
DENISE CONLONBOARD MEMBER
Trustee or director
5$0
KATIE EATONBOARD MEMBER
Trustee or director
5$0
BILL HACKNEYCHAIRPERSON
Trustee or director, Officer
10$0
SETH SPENCERVICE CHAIR
Trustee or director, Officer
5$0
STEVE KRINGTREASURER
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
2 CADENCE PARK PLZ, MICHIGAN CITY, IN 46360-3332
In care of
% CLARENCE HULSE
Principal officer (990 for 2024)
CLARENCE HULSE, 2 CADENCE PARK PLAZA, MICHIGAN CITY, IN 46360
Signed the 990
CLARENCE HULSE, PRESIDENT
Phone
(219) 873-1211
Return prepared by
MICHELE M KOVAC CPA LLC

Mission

ECONOMIC DEVELOPMENT / JOB CREATION

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED PROSPECTS WITH INFORMATION ABOUT MICHIGAN CITY. ASSISTED PROSPECTS WITH INCENTIE PROGRAMS, CONTINUED THE BUSINESS RETENTION PROGRAM, INFORMED THE PUBLIC ABOUT THE ORGANIZATIONS ACTIVITIES. ASSISTED EXISTING BUSINESSES AND PROSPECTS WITH PROJECT PLANNING AND EXECUTION.
    Expenses $265,105
  • EMPLOYED A FULL-TIME ECONOMIC DEVELOPMENT DIRECTOR AND STAFF TO RECRUIT NEW INDUSTIAL AND MANUFACTURING BUSINESSES TO LOCATE IN MICHIGAN CITY (INCLUDES PAYROLL TAXES AND BENEFITS). IN ADDITION, THE ORGANIZATION MAINTAINED AN OFFICE TO COORDINATE ITS EFFORTS.
    Expenses $252,697
  • STAFF ATTENDED VARIOUS CONVENTIONS, TRADE SHOWS, ETC TO MARKET MICHIGAN CITYS INDUSTRIAL SITES AND BUSINESS INCENTIVES. ALSO HOSTED A DINNER TO RECOGNIZE BUSINESS WITHIN THE COMMUNITY. ORGANIZATION WAS A MEMBER OF LOCAL AND STATE ORGANIZATION INVOLVED IN ECONOMIC DEVELOPMENT. COMMISSIONED A STRATEGIC PLAN TO GUIDE FUTURE EFFORTS. MADE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS.
    Expenses $50,094

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7258115
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,033,412
Income (IRS master file)
$861,407

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$861,407$833,672$1,033,412IRS
990December 2023$789,987$630,525$1,103,873XML
990December 2022$681,054$601,623$731,086IRS
990December 2021–––IRS
990December 2020–––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 23-7258115).

Questions about MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION is 23-7258115.
Is MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1973.
Are donations to MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MICHIGAN CITY 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 MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names CLARENCE HULSE.
Who are the officers and directors of MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
How much revenue does MICHIGAN CITY ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $861,407, expenses of $833,672 and total assets of $1,033,412 at year end.

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