Nonprofit · EIN 35-1768561
BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · LEBANON, IN 46052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $759,251 | $539,858 | $219,393 | $1,364,153 | $126,087 | $1,238,066 |
| December 31, 2024 | 990 | $710,636 | $592,179 | $118,457 | $1,157,297 | $138,623 | $1,018,674 |
| December 31, 2023 | 990 | $612,591 | $526,020 | $86,571 | $1,044,831 | $144,614 | $900,217 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $617,791
- of which government grants
- $455,791
- Program service revenue
- $117,015
- Investment income
- $25,856
- Net income from fundraising events
- -$4,504
- Other revenue
- -$1,411
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $101,700
- Other salaries and wages
- $174,596
- Salaries, compensation and benefits (total)
- $324,542
- Professional fundraising fees
- $0
- Accounting fees
- $13,000
- Occupancy
- $9,467
- Travel
- $12,333
- Depreciation
- $13,334
Balance sheet and other
- Total assets, start of year
- $1,157,297
- Total assets, end of year
- $1,364,153
- Total liabilities, end of year
- $126,087
- Net assets, end of year
- $1,238,066
- Land, buildings and equipment
- $361,453
- Net assets without donor restrictions
- $899,205
- Net assets with donor restrictions
- $338,861
- Gross receipts
- $764,687
- Employees
- 5
- Volunteers
- 7
- Year formed
- 1989
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA KERN | CEO Officer | 40 | $90,048 | $11,652 |
| SHANE COONER | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ADAM OWENS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| COREY KUTZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KELLY BRAVERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA GALVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICK ISENHOWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHARI RICHEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY WHITEHEAD | CEO - LEFT IN 2024 Officer | 40 | $109,220 | $41,766 |
| C SHANE CONNER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KELLY BRAVERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADAM OWENS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| COREY KUTZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICK ISENHOWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA GALVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHARI RICHEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY WHITEHEAD | EXECUTIVE DIRECTOR Officer | 40 | $130,706 | $9,749 |
| RICK ISENHOWER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE BARDOCZI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN ANDERSON | SECRETARY Trustee or director | 1 | $0 | $0 |
| SHANE CONNER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NATHAN FRAMPTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TONY SETZER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADAM OWNES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2030 INDIANAPOLIS AVE, LEBANON, IN 46052-2939
- In care of
- % MS MOLLY K WHITEHEAD
- Principal officer (990 for 2025)
- ANDREA KERN, 2030 INDIANAPOLIS AVE, LEBANON, IN 46052
- Signed the 990
- ANDREA KERN, CEO
- Phone
- (463) 213-9936
- Website
- BETTERINBOONE.ORG
- Return prepared by
- DONOVAN PC
Mission
TO PROMOTE ECONOMIC DEVELOPMENT IN BOONE COUNTY.
Program accomplishments
- THE BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION (BOONE EDC) WORKS TO PROMOTE SUSTAINABLE ECONOMIC GROWTH AND IMPROVE QUALITY OF LIFE IN BOONE COUNTY, INDIANA. THIS PROGRAM FOCUSES ON BUSINESS ATTRACTION, SITE DEVELOPMENT, AND STRATEGIC PARTNERSHIPS TO EXPAND THE LOCAL TAX BASE AND CREATE JOBS.SERVICES ARE PROVIDED YEAR-ROUND TO THE RESIDENTS AND BUSINESSES OF BOONE COUNTY. IN 2025, BOONE EDC SUPPORTED MULTIPLE ECONOMIC DEVELOPMENT PROJECTS BY PROVIDING SITE SELECTION ASSISTANCE, DEMOGRAPHIC AND WORKFORCE DATA, AND COORDINATION WITH LOCAL, REGIONAL, AND STATE PARTNERS. THESE EFFORTS CONTRIBUTED TO BUSINESS INVESTMENT, JOB CREATION, AND CONTINUED ECONOMIC VITALITY ACROSS THE COUNTY.
- THE BUSINESS RETENTION & EXPANSION PROGRAM IS DESIGNED TO SUPPORT EXISTING BOONE COUNTY EMPLOYERS BY IDENTIFYING THEIR NEEDS, ADDRESSING CHALLENGES, AND HELPING THEM GROW.IN 2025, BOONE EDC CONDUCTED 35 BR&E VISITS WITH LOCAL COMPANIES REPRESENTING OVER 600 EMPLOYEES. THESE VISITS WERE CONDUCTED THROUGHOUT THE YEAR AND PROVIDED DIRECT ENGAGEMENT WITH EMPLOYERS TO ASSESS WORKFORCE NEEDS, INFRASTRUCTURE CONCERNS, AND EXPANSION OPPORTUNITIES. BOONE EDC CONNECTED BUSINESSES TO RESOURCES, TECHNICAL ASSISTANCE, AND PARTNER ORGANIZATIONS TO HELP RETAIN JOBS AND ENCOURAGE REINVESTMENT IN THE COMMUNITY.ADDITIONALLY, BOONE EDC ADMINISTERS A MICROLOAN PROGRAM TO SUPPORT SMALL BUSINESS GROWTH AND ENTREPRENEURSHIP. THIS PROGRAM PROVIDES ACCESS TO CAPITAL FOR LOCAL BUSINESSES, HELPING THEM START, EXPAND, AND STABILIZE OPERATIONS WITHIN BOONE COUNTY.
- WORKFORCE DEVELOPMENT: THROUGHOUT 2025, BOONE EDC COLLABORATED WITH LOCAL SCHOOLS, TRAINING PROVIDERS, AND EMPLOYERS TO SUPPORT WORKFORCE INITATIVES, CAREER AWARENESSS, AND TALENT DEVELOPMENT. ACTIVITIES INCLUDED HOSTING AND PARTICIPATING IN WORKFORCE-RELATED EVENTS, FACILITATING EMPLOYER ENGAGEMENT WITH EDUCATION PARTNERS, AND PROMOTING CAREER PATHWAYS TO STUDENTS AND JOB SEEKERS ACROSS BOONE COUNTY. THESE EFFORTS SERVED THE BROADER COMMUNITY AND HELPED ALIGN WORKFORCE SKILLS WITH CURRENT AND FUTURE EMPLOYER NEEDS.
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
- 35-1768561
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,364,153
- Income (IRS master file)
- $764,687
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $759,251 | $539,858 | $1,364,153 | XML |
| 990 | December 2024 | $710,636 | $592,179 | $1,157,297 | XML |
| 990 | December 2023 | $612,591 | $526,020 | $1,044,831 | XML |
| 990 | December 2022 | $732,600 | $578,389 | $929,198 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 35-1768561).
Questions about BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION is 35-1768561.
- Is BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BOONE 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 BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 BOONE 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 2025.
- Who is the principal officer of BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names ANDREA KERN.
- Who are the officers and directors of BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $90,048 (ANDREA KERN, CEO).
- How much revenue does BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $759,251, expenses of $539,858 and total assets of $1,364,153 at year end.
Other nonprofits in LEBANON
- BOONE COUNTY CONVENTION AND VISITORS BUREAU INC EIN 20-0732363 · last filed 990 for 2024
- HEART OF LEBANON INC EIN 81-0876169 · last filed 990 for 2025
- LEBANON ROTARY COMMUNITY FUND INC EIN 23-7070192 · last filed 990-N for 2024
- BOONE COUNTY RURAL ELECTRIC MEMBERSHIP CORP EIN 35-0188040 · last filed 990 for 2024
- INDIANA UNITED METHODIST CHILDRENS HOME INC EIN 35-0877578 · last filed 990 for 2024
- COMMUNITY FOUNDATION OF BOONE COUNTY INC EIN 35-1829585 · last filed 990 for 2025
- THE ARC OF GREATER BOONE COUNTY INC EIN 35-1333698 · last filed 990 for 2025
- INDIANA TEEN CHALLENGE INC EIN 35-1262844 · last filed 990 for 2025
All nonprofits in LEBANON · Indiana · Community improvement and capacity building