Nonprofit · EIN 35-1789121
FULTON ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · ROCHESTER, IN 46975
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $366,921 | $265,903 | $101,018 | $1,865,165 | $237,318 | $1,627,847 |
| December 31, 2024 | 990 | $325,896 | $276,470 | $49,426 | $1,797,126 | $270,296 | $1,526,830 |
| December 31, 2023 | 990 | $707,523 | $726,887 | -$19,364 | $1,822,082 | $344,678 | $1,477,404 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $349,741
- of which government grants
- $293,745
- Program service revenue
- $10,730
- Investment income
- $0
- Net rental income
- $6,450
- Other revenue
- $6,450
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $70,000
- Salaries, compensation and benefits (total)
- $82,591
- Professional fundraising fees
- $0
- Legal fees
- $3,055
- Accounting fees
- $10,724
- Occupancy
- $16,380
- Travel
- $1,814
- Depreciation
- $40
- Program services (functional)
- $169,352
- Management and general (functional)
- $96,551
Balance sheet and other
- Total assets, start of year
- $1,797,126
- Total assets, end of year
- $1,865,165
- Total liabilities, end of year
- $237,318
- Net assets, end of year
- $1,627,847
- Land, buildings and equipment
- $1,199,671
- Net assets without donor restrictions
- $1,444,810
- Net assets with donor restrictions
- $183,037
- Gross receipts
- $366,921
- Employees
- 1
- Year formed
- 2010
- 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 |
|---|---|---|---|---|
| MICHAEL LADD | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $70,000 | $6,052 |
| BRIAN GOODMAN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MICHELLE MILLION | SECTREASURER Trustee or director, Officer | 12 | $0 | $0 |
| LISA REFFETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANA VANCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ORVILLE HANEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY LUKENS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ANDREW HORSTMAN | PRESIDENT Trustee or director | 3 | $0 | $0 |
| MARK MCCALL | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| CHRIS HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TED WAGGONER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGIE MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY GUNDRUM | EX OFFICIO Institutional trustee | 1 | $0 | $0 |
| EVAN GOTTSCHALK | EX OFFICIO Institutional trustee | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON GRUBE | PAST PRESIDENT Former | 0 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL LADD | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $70,000 | $12,355 |
| BRIAN GOODMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE MILLION | SECTREASURER Trustee or director, Officer | 12 | $0 | $0 |
| LISA REFFETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANA VANCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ORVILLE HANEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENNELL FINKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY LUKENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW HORSTMAN | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| MARK MCCALL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TED WAGGONER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| RANDY GUNDRUM | EX OFFICIO Institutional trustee | 1 | $0 | $0 |
| EVAN GOTTSCHALK | EX OFFICIO Institutional trustee | 1 | $0 | $0 |
| JASON GRUBE | PAST PRESIDENT Former | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL LADD | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $64,167 | $15,659 |
| TIFFANY FUTRELL | FORMER DIRECTOR Former | 40 | $3,240 | $821 |
| LISA REFFETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL RICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ORVILLE HANEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANA VANCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID HEYDE | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| BRIAN GOODMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILLIAN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON GRUBE | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| MICHELLE MILLION | SECTREASURER Trustee or director, Officer | 12 | $0 | $0 |
| ANDREW HORSTMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| RANDY GUNDRUM | EX OFFICIO Institutional trustee | 1 | $0 | $0 |
| MARK MCCALL | EX OFFICIO Institutional trustee | 1 | $0 | $0 |
| DAVID HEYDE | EX OFFICIO Former | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 822 MAIN ST, ROCHESTER, IN 46975-1543
- In care of
- % MICHELLE MILLION
- Signed the 990
- MICHELLE MILLION, SECTREASURER
- Phone
- (574) 223-3326
- Website
- WWW.FULTONDEVELOPMENT.ORG
- Return prepared by
- Baldwin And Company
Mission
TO DEVELOP BUSINESS AND INDUSTRY WITHIN FULTON COUNTY.
Program accomplishments
- ASSISTED IN THE DEVELOPMENT, EXPANSION AND EDUCATION OF SMALL BUSINESS AND INDUSTRY IN FULTON COUNTY, INDIANA. HELPED FACILITATE ATTRACTING NEW INDUSTRY AND BUSINESS TO ROCHESTER AND FULTON COUNTY.Expenses $169,352 · revenue $10,730
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
- 35-1789121
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,865,165
- Income (IRS master file)
- $366,921
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
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 | $366,921 | $265,903 | $1,865,165 | XML |
| 990 | December 2024 | $325,896 | $276,470 | $1,797,126 | XML |
| 990 | December 2023 | $707,523 | $726,887 | $1,822,082 | XML |
| 990 | December 2022 | $735,312 | $632,154 | $1,509,505 | 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 35-1789121).
Questions about FULTON ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of FULTON ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FULTON ECONOMIC DEVELOPMENT CORPORATION is 35-1789121.
- Is FULTON ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to FULTON ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FULTON 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 FULTON 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 FULTON 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 are the officers and directors of FULTON ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $70,000 (MICHAEL LADD, EXECUTIVE DIRECTOR).
- How much revenue does FULTON ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $366,921, expenses of $265,903 and total assets of $1,865,165 at year end.
Other nonprofits in ROCHESTER
- INDIANA EXCHANGE CARRIER ASSOCIATION INC EIN 90-0244591 · last filed 990 for 2025
- ROCHESTER DOWNTOWN PARTNERSHIP EIN 81-1960727 · last filed 990-EZ for 2025
- FULTON COUNTY BAR ASSN EIN 26-0878138 · last filed 990-N for 2025
- FOUR COUNTY COMPREHENSIVE MENTAL HEALTH CENTER INC EIN 35-1362298 · last filed 990 for 2025
- FULTON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION EIN 35-0324995 · last filed 990 for 2024
- NORTHERN INDIANA COMMUNITY FOUNDATION INC EIN 35-1912317 · last filed 990 for 2024
- ROCHESTER COMMUNITY SCHOOL BUILDING CORPORATION EIN 35-1831414 · last filed 990 for 2024
- FULTON COUNTY COUNCIL ON AGING EIN 35-1336270 · last filed 990 for 2024
All nonprofits in ROCHESTER · Indiana · Community improvement and capacity building