Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 35-1473675

MADISON COUNTY ECONOMIC DEVELOPMENT INC

Tax-exempt · ANDERSON, IN 46016

Financials

$435K$436K2023$526K$620K2024
Revenue Expenses · by fiscal year end
Financials of MADISON COUNTY ECONOMIC DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$525,569$620,182-$94,613$293,516$4,698$288,818
December 31, 2023990$434,983$435,562-$579$388,282$4,851$383,431
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$75,700
Program service revenue
$265,979
Investment income
$183,890
Net gain from sales of assets
$183,890
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$120,330
Other salaries and wages
$111,670
Salaries, compensation and benefits (total)
$276,391
Professional fundraising fees
$0
Legal fees
$182,773
Accounting fees
$5,466
Occupancy
$11,050
Travel
$16,084
Depreciation
$619
Program services (functional)
$520,359
Management and general (functional)
$71,301
Fundraising (functional)
$28,522

Balance sheet and other

Total assets, start of year
$388,282
Total assets, end of year
$293,516
Total liabilities, end of year
$4,698
Net assets, end of year
$288,818
Land, buildings and equipment
$2,167
Net assets without donor restrictions
$288,818
Gross receipts
$2,573,336
Employees
3
Year formed
1983
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
ROB SPARKSExcutive Director
Officer
40$120,330
MARK HARVILLEPresident
Trustee or director, Officer
0$0
BRIAN EARLEYVice President
Trustee or director, Officer
0$0
KIM TOWNSENDSecretary
Trustee or director, Officer
0$0
BILL FREDERICKSTreasurer
Trustee or director, Officer
0$0
NANCY ANDERSONDirector
Trustee or director
0$0
BRIAN DONAHUEDirector
Trustee or director
0$0
MIA JOHNSONDirector
Trustee or director
0$0
KIRK KLABUNDEDirector
Trustee or director
0$0
KEVIN MONTGOMERYDirector
Trustee or director
0$0
WILLIAM O'NEALDirector
Trustee or director
0$0
KIM PEAK-HILLDirector
Trustee or director
0$0
BETH THARPDirector
Trustee or director
0$0
JESSICA WARNKEDirector
Trustee or director
0$0
BILL WATSONDirector
Trustee or director
0$0
1 more people on this return
NameTitleHours / weekCompensation
GREG WHITEDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
KIRK KLABUNDEDIRECTOR
Trustee or director
0.5$0
BILL WATSONDIRECTOR
Trustee or director
0.5$0
NANCY ANDERSONDIRECTOR
Trustee or director
0.5$0
MIKE MONTGOMERYDIRECTOR
Trustee or director
0.5$0
BRIAN DONAHUEDIRECTOR
Trustee or director
0.5$0
BRIAN GILDEADIRECTOR
Trustee or director
0.5$0
WILLIAM O'NEALDIRECTOR
Trustee or director
0.5$0
BETH THARPDIRECTOR
Trustee or director
0.5$0
MIA JOHNSONDIRECTOR
Trustee or director
0.5$0
KIM TOWNSENDDIRECTOR
Trustee or director
0.5$0
ROB SPARKSEXECUTIVE DIRECTOR
Officer
40$0
MARK HARVILLEPRESIDENT
Officer
0.5$0
MIGUAL PATTERSONVICE PRESIDENT
Officer
0.5$0
BRIAN EARLEYSECRETARY
Officer
0.5$0
BILL FREDERICKSTREASURER
Officer
0.5$0

Address and contacts

Address (IRS master file)
739 MAIN ST, ANDERSON, IN 46016-1515
In care of
% MARK HARVILLE
Principal officer (990 for 2024)
Mark Harville, 739 Main St, Anderson, IN 46016
Signed the 990
MARK HARVILLE, President
Phone
(765) 642-1860
Return prepared by
Rodgers & Company CPA's PC

Mission

The mission of Madison County Economic Development is to plan and undertake activities leading to a steady job growth, increasing economic diversity, and a strengthened employer base which will enhance the quality of life of Madison County, Indiana.

990 for the year ended December 31, 2024

Program accomplishments

  • In 2024, we received 182 new project submissions for Madison County and achieved 3 project successes, creating more than 119 new jobs and more than $117 million of new investments. Of these successes, 1 was a new attraction to Madison County, and 2 were expansions of existing companies.
    Expenses $520,359 · revenue $450,114

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
35-1473675
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
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$293,516
Income (IRS master file)
$2,573,336

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$525,569$620,182$293,516XML
990December 2023$434,983$435,562$388,282XML
990December 2022$316,900$382,175$388,302IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 35-1473675).

Questions about MADISON COUNTY ECONOMIC DEVELOPMENT INC

What is the EIN of MADISON COUNTY ECONOMIC DEVELOPMENT INC?
The employer identification number (EIN) of MADISON COUNTY ECONOMIC DEVELOPMENT INC is 35-1473675.
Is MADISON COUNTY ECONOMIC DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to MADISON COUNTY ECONOMIC DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADISON COUNTY ECONOMIC DEVELOPMENT 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 MADISON COUNTY ECONOMIC DEVELOPMENT INC 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 MADISON COUNTY ECONOMIC DEVELOPMENT INC 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 MADISON COUNTY ECONOMIC DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names Mark Harville.
Who are the officers and directors of MADISON COUNTY ECONOMIC DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $120,330 (ROB SPARKS, Excutive Director).
How much revenue does MADISON COUNTY ECONOMIC DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $525,569, expenses of $620,182 and total assets of $293,516 at year end.

Other nonprofits in ANDERSON

All nonprofits in ANDERSON · Indiana