Nonprofit · EIN 26-3508977
MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE
Tax-exempt · MOUNT CARMEL, IL 62863
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $230,034 | $170,896 | $59,138 | $658,881 | $0 | $658,881 |
| December 31, 2024 | 990 | $234,062 | $113,112 | $120,950 | $602,543 | $2,800 | $599,743 |
| December 31, 2023 | 990 | $129,780 | $121,899 | $7,881 | $481,591 | $2,800 | $478,791 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $219,891
- Program service revenue
- $0
- Investment income
- $10,143
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $39,600
- Salaries, compensation and benefits (total)
- $42,629
- Professional fundraising fees
- $0
- Occupancy
- $2,160
- Program services (functional)
- $170,896
Balance sheet and other
- Total assets, start of year
- $602,543
- Total assets, end of year
- $658,881
- Total liabilities, end of year
- $0
- Net assets, end of year
- $658,881
- Land, buildings and equipment
- $185,161
- Net assets without donor restrictions
- $574,072
- Net assets with donor restrictions
- $84,809
- Gross unrelated business income
- $10,143
- Gross receipts
- $230,034
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1964
- State of legal domicile
- IL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH C NEWMAN | PRESIDENT Officer | 15 | $39,600 |
| SHEILA WALLACE | PAST-CHAIRMAN Officer | 1 | $0 |
| RYAN L MASTERSON | TREASURER Officer | 1 | $0 |
| KARISSA TURNER | VICE-CHAIRMAN Officer | 1 | $0 |
| DAVID JAMES | CHAIRMAN Officer | 1 | $0 |
| AUSTIN RIDGELY | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH C NEWMAN | PRESIDENT Officer | 15 | $39,600 |
| SHEILA WALLACE | PAST-CHAIRMAN Officer | 1 | $0 |
| RYAN L MASTERSON | TREASURER Officer | 1 | $0 |
| KARISSA TURNER | VICE-CHAIRMAN Officer | 1 | $0 |
| DAVID JAMES | CHAIRMAN Officer | 1 | $0 |
| AUSTIN RIDGELY | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH C NEWMAN | PRESIDENT Officer | 15 | $39,600 |
| SHEILA WALLACE | CHAIRMAN Officer | 1 | $0 |
| RYAN L MASTERSON | TREASURER Officer | 1 | $0 |
| KARISSA TURNER | SECRETARY Officer | 1 | $0 |
| DAVID JAMES | VICE CHAIRMAN Officer | 1 | $0 |
| DONALD W PRICE | PAST-CHAIRMAN Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 41, MOUNT CARMEL, IL 62863-0041
- In care of
- % JAMIE MCCORKLE
- Mailing address (990-N for 2011)
- 528 N Market Street, Mt Carmel IL 62863
- Principal officer (990 for 2025)
- RYAN L MASTERSON, 306 N MARKET ST STE 102, MOUNT CARMEL, IL 62863
- Principal officer (990-N for 2011)
- Jamie McCorkle, 528 N Main Street, Mt Carmel IL 62863
- Signed the 990
- RYAN L MASTERSON, TREASURER
- Phone
- (618) 262-5446
- Website
- WWW.MCAEA.COM
- Return prepared by
- KEMPER CPA GROUP LLP
Mission
TO CREATE A VISION FOR OUR ECONOMIC DEVELOPMENT EFFORTS. TO CREATE A VISION TO THE COMMUNITY.
Program accomplishments
- CEO PROGRAM PROVIDING ENTREPRENURIAL EDUCATION, EXPERIENCE AND TRAINING TO LOCAL AREA HIGH SCHOOL AND JUNIOR COLLEGE STUDENTS IN COLLABORATION WITH LOCAL EDUCATIONAL INSTITUTIONS. PER YEAR 10-20 STUDENTS BENEFIT FROM THE INSTRUCTION AND PROGRAM.Expenses $61,366 · revenue $38,399
- Expenses $109,530 · revenue $191,635
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3508977
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32)
- Assets (IRS master file)
- $658,881
- Income (IRS master file)
- $230,034
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $230,034 | $170,896 | $658,881 | IRS |
| 990 | December 2024 | $234,062 | $113,112 | $602,543 | IRS |
| 990 | December 2023 | $129,780 | $121,899 | $481,591 | XML |
| 990 | December 2022 | $138,475 | $108,697 | $471,710 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Jamie McCorkle | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-3508977).
Questions about MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE
- What is the EIN of MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE?
- The employer identification number (EIN) of MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE is 26-3508977.
- Is MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE 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 MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE 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 MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE?
- The 990 for the year ended December 31, 2025 names RYAN L MASTERSON.
- Who are the officers and directors of MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $39,600 (KENNETH C NEWMAN, PRESIDENT).
- How much revenue does MT CARMEL AREA INDUSTRIAL DEVELOPMENT COMMITTEE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $230,034, expenses of $170,896 and total assets of $658,881 at year end.
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