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Nonprofit · EIN 35-1708188

CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · DELPHI, IN 46923

Financials

$1M$274K2023$833K$1.6M2024
Revenue Expenses · by fiscal year end
Financials of CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$832,830$1,582,471-$749,641$1,254,025$647,335$606,690
December 31, 2023990$1,042,366$273,692$768,674$2,016,166$659,835$1,356,331
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$7,499
Program service revenue
$741,556
Investment income
$79,258
Net gain from sales of assets
$66,617
Other revenue
$4,517

Expenses

Grants and similar amounts paid
$10,000
Other salaries and wages
$133,700
Salaries, compensation and benefits (total)
$168,245
Professional fundraising fees
$0
Accounting fees
$28,972
Occupancy
$26,114
Depreciation
$2,086
Program services (functional)
$1,444,110
Management and general (functional)
$138,361

Balance sheet and other

Total assets, start of year
$2,016,166
Total assets, end of year
$1,254,025
Total liabilities, end of year
$647,335
Net assets, end of year
$606,690
Land, buildings and equipment
$20,373
Net assets without donor restrictions
$606,299
Net assets with donor restrictions
$391
Gross receipts
$952,213
Employees
2
Year formed
1987
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
JACOB ADAMSEXECUTIVE DI
Trustee or director
40$90,000
BRET RINEHARTPRESIDENT
Trustee or director, Officer
5$0
KENNETH WALTONVICE PRESIDE
Trustee or director, Officer
5$0
JULIA LEAHYSECRETARY
Trustee or director, Officer
5$0
DR GREGORY NORMANTREASURER
Trustee or director, Officer
5$0
KEITH SCHULTZDIRECTOR
Trustee or director
2$0
JOSH PLUEDIRECTOR
Trustee or director
2$0
MIKE WILLIAMSDIRECTOR
Trustee or director
2$0
SHANNON RILEYDIRECTOR
Trustee or director
2$0
KENDAL ROSSDIRECTOR
Trustee or director
2$0
ERIC ROSSDIRECTOR
Trustee or director
2$0
SCOT ORTMANDIRECTOR
Trustee or director
2$0
MIRIAM ROBESONBOARD COUNSE
Trustee or director
2$0
ANITA WERLINGDIRECTOR
Trustee or director
2$0
JOE MOSSDIRECTOR
Trustee or director
2$0
5 more people on this return
NameTitleHours / weekCompensation
LAURIE BROWERDIRECTOR
Trustee or director
2$0
KAREN MCLEANDIRECTOR/COR
Trustee or director
2$0
KAMRON YATESDIRECTOR/EX-
Trustee or director
2$0
KEITH THACKERYDIRECTOR/SCH
Trustee or director
2$0
LINDSEY BROWNDIRECTOR/SCH
Trustee or director
2$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensation
JACOB ADAMSEXECUTIVE DI
Trustee or director
40$82,954
BRET RINEHARTPRESIDENT
Trustee or director, Officer
5$0
KENNETH WALTONVICE PRESIDE
Trustee or director, Officer
5$0
JULIA LEAHYSECRETARY
Trustee or director, Officer
5$0
DR GREGORY NORMANTREASURER
Trustee or director, Officer
5$0
KEITH SCHULTZDIRECTOR
Trustee or director
–$0
JOSH PLUEDIRECTOR
Trustee or director
–$0
MIKE WILLIAMSDIRECTOR
Trustee or director
–$0
SHANNON RILEYDIRECTOR
Trustee or director
–$0
KENDAL ROSSDIRECTOR
Trustee or director
–$0
ERIC ROSSDIRECTOR
Trustee or director
–$0
SCOT ORTMANDIRECTOR
Trustee or director
–$0
MIRIAM ROBESONBOARD COUNSE
Trustee or director
–$0
ANITA WERLINGDIRECTOR
Trustee or director
–$0
JOE MOSSDIRECTOR
Trustee or director
–$0
LAURIE BROWERDIRECTOR
Trustee or director
–$0
KAREN MCLEANDIRECTOR/COR
Trustee or director
–$0
KAMRON YATESDIRECTOR/EX-
Trustee or director
–$0
DARRELL YODERDIRECTOR/EX-
Trustee or director
–$0
KEITH THACKERYDIRECTOR/SCH
Trustee or director
–$0
LINDSEY BROWNDIRECTOR/SCH
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 83, DELPHI, IN 46923-0083
Principal officer (990 for 2024)
BRET RINEHART, 1361 E 500 S, CUTLER, IN 46920
Signed the 990
DR GREGORY NORMAN, TREASURER
Phone
(765) 564-2060
Return prepared by
FISHER & ASSOCIATES INC

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN CARROLL COUNTY

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROMOTE THE ECONOMIC WELL BEING OF THE COMMUNITY AND TO ENHANCE THE TAX BASE
    Expenses $157,010 · revenue $241,556
  • TO PROMOTE THE DEVELOPMENT OF BROADBAND INFRASTRUCTURE AND A BROADBAND HIGH-SPEED INTERNET RING WITHIN THE PERIMETER OF CARROLL COUNTY TO SERVE LOW POPULATION DENSITY AREAS.
    Expenses $777,100
  • TO PROMOTE CHILDCARE CAPACITY IN CARROLL COUNTY SO FAMILIES HAVE BETTER ACCESS TO QUALITY CHILDCARE.
    Expenses $500,000 · revenue $500,000
  • TO ASSIST IN BUILDING TECH INFRASTRUCTURE AND PROGRAMS TO PROVIDE OPPORTUNITIES FOR LOCAL RESIDENTS.
    Expenses $10,000 · grants $10,000

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
35-1708188
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1987
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,254,025
Income (IRS master file)
$952,213

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$832,830$1,582,471$1,254,025XML
990December 2023$1,042,366$273,692$2,016,166XML
990December 2022$271,465$249,459$1,247,492IRS
990December 2021–––IRS
990December 2020–––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 35-1708188).

Questions about CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION is 35-1708188.
Is CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
Are donations to CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CARROLL COUNTY ECONOMIC 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 CARROLL COUNTY ECONOMIC 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 CARROLL COUNTY ECONOMIC 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 CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names BRET RINEHART.
Who are the officers and directors of CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 20 people; 1 received compensation from the organization, the highest $90,000 (JACOB ADAMS, EXECUTIVE DI).
How much revenue does CARROLL COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $832,830, expenses of $1,582,471 and total assets of $1,254,025 at year end.

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