Nonprofit · EIN 35-1639867
MADISON RIVERFRONT DEVELOPMENT CORPORATION
Tax-exempt · MADISON, IN 47250
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $388,130 | $270,007 | $118,123 | $275,250 | $234,166 | $41,084 |
| December 31, 2023 | 990 | $736,512 | $1,653,486 | -$916,974 | $212,313 | $294,975 | -$82,662 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $196,398
- Program service revenue
- $186,980
- Investment income
- $4,752
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $11,700
- Occupancy
- $2,364
- Program services (functional)
- $247,210
- Management and general (functional)
- $22,797
Balance sheet and other
- Total assets, start of year
- $212,313
- Total assets, end of year
- $275,250
- Total liabilities, end of year
- $234,166
- Net assets, end of year
- $41,084
- Gross receipts
- $388,130
- Employees
- 0
- Year formed
- 1985
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRK GROOMS | DIRECTOR Trustee or director | – | $0 |
| JOSH KUNZE | DIRECTOR Trustee or director | – | $0 |
| JEANIE STOTTS | DIRECTOR Trustee or director | – | $0 |
| BOB WALL | DIRECTOR Trustee or director | – | $0 |
| JOHN BRUNS | VICE-CHAIRMA Officer | – | $0 |
| JAMES D PRUETT | CHAIRMAN Officer | – | $0 |
| JD WEBSTER | SECRETARY Officer | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRK GROOMS | DIRECTOR Trustee or director | – | $0 |
| JOSH KUNZE | DIRECTOR Trustee or director | – | $0 |
| JEANIE STOTTS | DIRECTOR Trustee or director | – | $0 |
| BOB WALL | DIRECTOR Trustee or director | – | $0 |
| JOHN BRUNS | VICE-CHAIRMA Officer | – | $0 |
| JAMES D PRUETT | CHAIRMAN Officer | – | $0 |
| JD WEBSTER | SECRETARY Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 641 GREEN RD UNIT 1279, MADISON, IN 47250-3190
- In care of
- % LOUANN WALLER
- Principal officer (990 for 2024)
- JAMES D PRUETT, 123 CENTRAL AVE, MADISON, IN 47250
- Signed the 990
- JAMES D PRUETT, CHAIRMAN
- Phone
- (513) 213-5051
- Return prepared by
- MCKAY ACCOUNTING SERVICE LLC
Mission
THE ORGANIZATION PROVIDES FUNDING TO SEVERAL BUSINESS PROJECTS LOCATED WITHIN THE ZONE AREA. THIS INCLUDES THE CURRENT PROJECT OF THE RIVERFRONT DEVELOPMENT.
Program accomplishments
- ECONOMIC DEVELOPMENT OF THE RIVERFRONT THROUGH EVENTS HELD ON THE RIVERFRONT AND IMPROVEMENTS MADE TO THE RIVERFRONT.Expenses $247,210
- ECONOMIC DEVELOPMENT OF THE RIVERFRONT THROUGH EVENTS HELD ON THE RIVERFRONT AND IMPROVEMENTS MADE TO THE RIVERFRONT.
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 | Not 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
- 35-1639867
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $275,250
- Income (IRS master file)
- $388,130
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $388,130 | $270,007 | $275,250 | XML |
| 990 | December 2023 | $736,512 | $1,653,486 | $212,313 | XML |
| 990 | December 2022 | $827,913 | $359,851 | $824,156 | 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 35-1639867).
Questions about MADISON RIVERFRONT DEVELOPMENT CORPORATION
- What is the EIN of MADISON RIVERFRONT DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MADISON RIVERFRONT DEVELOPMENT CORPORATION is 35-1639867.
- Is MADISON RIVERFRONT DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to MADISON RIVERFRONT DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON RIVERFRONT 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 MADISON RIVERFRONT DEVELOPMENT CORPORATION 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 RIVERFRONT DEVELOPMENT CORPORATION 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 RIVERFRONT DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JAMES D PRUETT.
- Who are the officers and directors of MADISON RIVERFRONT DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MADISON RIVERFRONT DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $388,130, expenses of $270,007 and total assets of $275,250 at year end.
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