Nonprofit · EIN 31-6041648
AREA DEVELOPMENT FOUNDATION INC
Tax-exempt · MOUNT VERNON, OH 43050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $813,146 | $529,342 | $283,804 | $2,580,742 | $1,855 | $2,578,887 |
| December 31, 2024 | 990 | $1,177,947 | $648,739 | $529,208 | $2,131,003 | $7,126 | $2,123,877 |
| December 31, 2023 | 990 | $565,367 | $477,672 | $87,695 | $1,514,405 | $6,301 | $1,508,104 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $398,244
- of which government grants
- $165,855
- Membership dues
- $98,300
- Program service revenue
- $296,503
- Investment income
- $118,399
- Net gain from sales of assets
- $80,604
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $279,149
- Salaries, compensation and benefits (total)
- $332,347
- Professional fundraising fees
- $0
- Legal fees
- $93,311
- Accounting fees
- $8,550
- Occupancy
- $909
- Travel
- $8,735
- Depreciation
- $648
Balance sheet and other
- Total assets, start of year
- $2,131,003
- Total assets, end of year
- $2,580,742
- Total liabilities, end of year
- $1,855
- Net assets, end of year
- $2,578,887
- Land, buildings and equipment
- $646
- Publicly traded securities
- $2,131,099
- Net assets without donor restrictions
- $2,578,887
- Gross receipts
- $1,891,478
- Employees
- 7
- Year formed
- 1962
- 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 |
|---|---|---|---|
| GREG SANDS | MEMBER Trustee or director | 0 | $0 |
| GORDON YANCE | MEMBER AT LARGE Trustee or director | 0 | $0 |
| TERESA BEMILLER | MEMBER Trustee or director | 0 | $0 |
| MATT STARR | MEMBER Trustee or director | 0 | $0 |
| MARK HINER | MEMBER AT LARGE Trustee or director | 0 | $0 |
| MICHELE ENGLEBACH | MEMBER Trustee or director | 0 | $0 |
| TODD HAWKINS | MEMBER AT LARGE Trustee or director | 0 | $0 |
| GARY CHAPMAN | MEMBER AT LARGE Trustee or director | 0 | $0 |
| BILL HANNA | MEMBER Trustee or director | 0 | $0 |
| BRIAN HUPRICH | MEMBER Trustee or director | 0 | $0 |
| RYAN SHOEMAKER | MEMBER Trustee or director | 0 | $0 |
| MATT WUSHINSKE | MEMBER AT LARGE Trustee or director | 0 | $0 |
| MARK RAMSER | TREASURER Officer | 5 | $0 |
| BRUCE WHITE | Chairman Officer | 1 | $0 |
| BILL BUCKLEY | VICE CHAIR Officer | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG SANDS | MEMBER Trustee or director | 0 | $0 |
| GORDON YANCE | MEMBER AT LARGE Trustee or director | 1 | $0 |
| TERESA BEMILLER | MEMBER Trustee or director | 0 | $0 |
| MATT STARR | MEMBER Trustee or director | 1 | $0 |
| MARK HINER | MEMBER AT LARGE Trustee or director | 0 | $0 |
| MICHELE ENGLEBACH | MEMBER Trustee or director | 0 | $0 |
| TODD HAWKINS | MEMBER AT LARGE Trustee or director | 0 | $0 |
| GARY CHAPMAN | MEMBER AT LARGE Trustee or director | 0 | $0 |
| BILL HANNA | MEMBER Trustee or director | 0 | $0 |
| BRIAN HUPRICH | MEMBER Trustee or director | 0 | $0 |
| RYAN SHOEMAKER | MEMBER Trustee or director | 0 | $0 |
| MATT WUSHINSKE | MEMBER AT LARGE Trustee or director | 0 | $0 |
| MARK RAMSER | TREASURER Officer | 5 | $0 |
| BRUCE WHITE | Chairman Officer | 1 | $0 |
| BILL BUCKLEY | VICE CHAIR Officer | 0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG SANDS | MEMBER Trustee or director | 0 | $0 |
| MARK RAMSER | TREASURER Trustee or director, Officer | 5 | $0 |
| BRUCE WHITE | MEMBER Trustee or director | 1 | $0 |
| BILL BUCKLEY | MEMBER Trustee or director | 0 | $0 |
| GORDON YANCE | MEMBER AT LARGE Trustee or director | 1 | $0 |
| TERESA BEMILLER | MEMBER Trustee or director | 0 | $0 |
| MATT STARR | Vice Chair Trustee or director | 1 | $0 |
| MICHELE ENGLEBACH | MEMBER Trustee or director | 0 | $0 |
| RYAN SHOEMAKER | MEMBER Trustee or director | 1 | $0 |
| BILL HANNA | MEMBER Trustee or director | 0 | $0 |
| BRIAN HUPRICH | MEMBER Trustee or director | 0 | $0 |
| ADAM GARN | Chairman Trustee or director | 1 | $0 |
| DARRELL KICK | MEMBER AT LARGE Trustee or director | 0 | $0 |
| MATT WUSHINSKE | MEMBER AT LARGE Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 29, MOUNT VERNON, OH 43050-0029
- Signed the 990
- Sam Filkins, Vice President
- Phone
- (740) 393-3806
- Website
- www.knoxadf.com
- Return prepared by
- Mount Vernon CPA
Mission
PROMOTING AND ASSISTING INDUSTRIAL AND COMMERCIAL DEVELOPMENTS IN THE MOUNT VERNON AND KNOX COUNTY AREA.
Program accomplishments
- PROMOTING AND ASSISTING INDUSTRIAL AND COMMERCIAL DEVELOPMENTS IN THE MOUNT VERNON AND KNOX COUNTY AREA
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
- 31-6041648
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,580,742
- Income (IRS master file)
- $1,891,478
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $813,146 | $529,342 | $2,580,742 | IRS |
| 990 | December 2024 | $1,177,947 | $648,739 | $2,131,003 | IRS |
| 990 | December 2023 | $565,367 | $477,672 | $1,514,405 | XML |
| 990 | December 2022 | $707,783 | $487,544 | $1,436,880 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 31-6041648).
Questions about AREA DEVELOPMENT FOUNDATION INC
- What is the EIN of AREA DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of AREA DEVELOPMENT FOUNDATION INC is 31-6041648.
- Is AREA DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1957.
- Are donations to AREA DEVELOPMENT FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AREA DEVELOPMENT FOUNDATION INC 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 AREA DEVELOPMENT FOUNDATION INC 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 AREA DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of AREA DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does AREA DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $813,146, expenses of $529,342 and total assets of $2,580,742 at year end.
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