Nonprofit · EIN 35-1521309
ECONOMIC GROWTH GROUP INC
Tax-exempt · RICHMOND, IN 47374
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $40,021 | $5,575 | $34,446 | $408,753 | $1,750 | $407,003 |
| December 31, 2023 | 990-EZ | $19,265 | $7,671 | $11,594 | $380,757 | $8,200 | $372,557 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,700
- Investment income
- $14,184
- Other revenue
- $13,137
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,120
- Other expenses
- $4,455
- Program services (functional)
- $5,575
Balance sheet and other
- Total assets, start of year
- $380,757
- Total assets, end of year
- $408,753
- Total liabilities, end of year
- $1,750
- Net assets, end of year
- $407,003
- Cash, savings and investments
- $400,611
- Gross receipts
- $40,021
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL LINGLE | PRESIDENT | 1 | $0 |
| KEVIN AHAUS | VICE PRESIDENT | 1 | $0 |
| J SCOTT PORTER | MEMBER | 1 | $0 |
| JOE CHAMNESS | MEMBER | 1 | $0 |
| MIKE CRAMER | MEMBER | 1 | $0 |
| DAVID STIDHAM | SECRETARY | 1 | $0 |
| LEE ELZEMEYER | MEMBER | 1 | $0 |
| JOHN HITCH | TREASURER | 1 | $0 |
| JACKIE CARBERRY | MEMBER | 1 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL LINGLE | PRESIDENT | 1 | $0 |
| KEVIN AHAUS | VICE PRESIDENT | 1 | $0 |
| J SCOTT PORTER | MEMBER | 1 | $0 |
| JOE CHAMNESS | MEMBER | 1 | $0 |
| MIKE CRAMER | MEMBER | 1 | $0 |
| DAVID STIDHAM | SECRETARY | 1 | $0 |
| LEE ELZEMEYER | MEMBER | 1 | $0 |
| JOHN HITCH | TREASURER | 1 | $0 |
| JACKIE CARBERRY | MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 33 SOUTH 7TH STREET, RICHMOND, IN 47374-5463
- Signed the 990-EZ
- PAUL LINGLE, CHAIRPERSON
- Phone
- (765) 962-1638
- Return prepared by
- BRADY WARE & SCHOENFELD INC
Mission
ECONOMIC DEVELOPMENT
Program accomplishments
- CONTINUED INVOLVEMENT IN ECONOMIC DEVELOPMENT CORPORATION - AN ORGANIZATION DESIGNED FOR COMMUNITY DEVELOPMENT AND GROWTHExpenses $5,575
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 35-1521309
- 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-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $408,753
- Income (IRS master file)
- $40,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $40,021 | $5,575 | $408,753 | XML |
| 990-EZ | December 2023 | $19,265 | $7,671 | $380,757 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 35-1521309).
Questions about ECONOMIC GROWTH GROUP INC
- What is the EIN of ECONOMIC GROWTH GROUP INC?
- The employer identification number (EIN) of ECONOMIC GROWTH GROUP INC is 35-1521309.
- Is ECONOMIC GROWTH GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to ECONOMIC GROWTH GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC GROWTH GROUP INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ECONOMIC GROWTH GROUP 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 ECONOMIC GROWTH GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ECONOMIC GROWTH GROUP INC?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC GROWTH GROUP INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $40,021, expenses of $5,575 and total assets of $408,753 at year end.
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All nonprofits in RICHMOND · Indiana · Community improvement and capacity building