Nonprofit · EIN 27-2904588
POWELL DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · POWELL, OH 43065
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $830,390 | $781,840 | $48,550 | $1,666,278 | $296,250 | $1,370,028 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $800,000
- Program service revenue
- $10,692
- Investment income
- $19,698
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $574,253
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,590
- Accounting fees
- $6,645
- Program services (functional)
- $774,892
- Management and general (functional)
- $6,948
Balance sheet and other
- Total assets, start of year
- $1,913,978
- Total assets, end of year
- $1,666,278
- Total liabilities, end of year
- $296,250
- Net assets, end of year
- $1,370,028
- Land, buildings and equipment
- $1,185,000
- Net assets without donor restrictions
- $1,370,028
- Gross receipts
- $830,390
- Employees
- 0
- State of legal domicile
- OH
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 |
|---|---|---|---|
| TOM COUNTS | MAYOR Trustee or director | 1 | $0 |
| ANDREW WHITE | SECRETARY Trustee or director | 1 | $0 |
| JIM HRIVNAK | CHAIRMAN Officer | 1 | $0 |
| NICOLE SCOTT | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 47 HALL ST, POWELL, OH 43065-8357
- In care of
- % DEBRA MILLER
- Mailing address (990-N for 2014)
- 47 Hall Street, Powell OH 43065
- Principal officer (990 for 2025)
- SAMANTHA BORCHERS, 47 HALL STREET, POWELL, OH 43065
- Principal officer (990-N for 2014)
- Jim Hrivnak President, 47 Hall Street, Powell OH 43065
- Signed the 990
- SAMANTHA BORCHERS, FINANCE DIRECTOR
- Phone
- (614) 885-5380
- Return prepared by
- OLES AND ASSOCIATES LLC
Mission
ORGANIZATION EXISTS TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL AND COMMERICAL DEVELOPMENT IN THE CITY OF POWELL.
Program accomplishments
- THE ORGANIZATION ENTERS INTO AGREEMENTS WITH PRIVATE BUSINESS IN ORDER TO BRING JOBS TO THE CITY OF POWELL. WHEN NEW JOBS ARE CREATED THE BUSINESS WILL RECEIVE OFFSET PAYMENTS FROM THE ORGANIZATION.Expenses $774,892 · grants $574,253
- INTERNET & PHONE EXPENSES, INSURANCE PREMIUMS
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
- 27-2904588
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $1,666,278
- Income (IRS master file)
- $830,390
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- July 14, 2014
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $678,344 | $93,276 | $1,942,432 | IRS |
| 990 | December 2022 | $361,050 | $57,157 | $471,314 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2014 Officer: Jim Hrivnak President | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about POWELL DEVELOPMENT CORPORATION
- What is the EIN of POWELL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of POWELL DEVELOPMENT CORPORATION is 27-2904588.
- Is POWELL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to POWELL DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POWELL 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 POWELL 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 POWELL DEVELOPMENT CORPORATION 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 POWELL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names SAMANTHA BORCHERS.
- Who are the officers and directors of POWELL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does POWELL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $830,390, expenses of $781,840 and total assets of $1,666,278 at year end.
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