Nonprofit · EIN 35-2148198
PORTLAND ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · PORTLAND, IN 47371
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,076 | $9,735 | $1,341 | $747,059 | $0 | $747,059 |
| December 31, 2024 | 990 | $2,918 | $126,607 | -$123,689 | $745,718 | $0 | $745,718 |
| December 31, 2023 | 990 | $406,510 | $93,976 | $312,534 | $869,407 | $0 | $869,407 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $11,076
- Other revenue
- $11,076
Expenses
- Grants and similar amounts paid
- $9,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $735
- Program services (functional)
- $9,735
Balance sheet and other
- Total assets, start of year
- $745,718
- Total assets, end of year
- $747,059
- Total liabilities, end of year
- $0
- Net assets, end of year
- $747,059
- Land, buildings and equipment
- $714,996
- Net assets without donor restrictions
- $747,059
- Gross receipts
- $24,220
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- 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 |
|---|---|---|---|
| MATT GOLDSWORTHY | DIRECTOR Trustee or director | 0 | $0 |
| JOSH ATKINSON | DIRECTOR Trustee or director | 0 | $0 |
| WES SCHEMENAUR | DIRECTOR Trustee or director | 0 | $0 |
| STEVE STOCKTON | DIRECTOR Trustee or director | 0 | $0 |
| JEFF WESTLAKE | DIRECTOR Trustee or director | 0 | $0 |
| AMANDA BLAIR | DIRECTOR Trustee or director | 0 | $0 |
| CEANN BALES | DIRECTOR Trustee or director | 0 | $0 |
| DOUG LOY | DIRECTOR Trustee or director | 0 | $0 |
| FARON PARR | PRESIDENT Officer | 0 | $0 |
| SHAUNA RUNKLE | SECRETARY Officer | 0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH ATKINSON | DIRECTOR Trustee or director | 0 | $0 |
| WES SCHEMENAUR | DIRECTOR Trustee or director | 0 | $0 |
| STEVE STOCKTON | DIRECTOR Trustee or director | 0 | $0 |
| JEFF WESTLAKE | DIRECTOR Trustee or director | 0 | $0 |
| TABBY SPRUNGER | DIRECTOR Trustee or director | 0 | $0 |
| TRAVIS RICHARDS | DIRECTOR Trustee or director | 0 | $0 |
| DOUG LOY | DIRECTOR Trustee or director | 0 | $0 |
| MATT GOLDSWORTHY | VICE PRESIDENT Officer | 0 | $0 |
| FARON PARR | PRESIDENT Officer | 0 | $0 |
| SHAUNA RUNKLE | SECRETARY Officer | 0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH ATKINSON | DIRECTOR Trustee or director | 0 | $0 |
| WES SCHEMENAUR | DIRECTOR Trustee or director | 0 | $0 |
| STEVE STOCKTON | DIRECTOR Trustee or director | 0 | $0 |
| JOHN BOGGS | DIRECTOR Trustee or director | 0 | $0 |
| TABBY SPRUNGER | DIRECTOR Trustee or director | 0 | $0 |
| TRAVIS RICHARDS | DIRECTOR Trustee or director | 0 | $0 |
| DOUG LOY | DIRECTOR Trustee or director | 0 | $0 |
| MATT GOLDSWORTHY | VICE PRESIDENT Officer | 0 | $0 |
| FARON PARR | PRESIDENT Officer | 0 | $0 |
| SHAUNA RUNKLE | SECRETARY Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 118 S MERIDIAN ST STE B, PORTLAND, IN 47371-2132
- In care of
- % WILLIAM W HINKLE
- Principal officer (990 for 2025)
- FARON PARR, 118 S MERIDIAN ST SUITE B, PORTLAND, IN 47371
- Signed the 990
- FARON PARR, OFFICER
- Phone
- (260) 726-9311
- Return prepared by
- BOLLENBACHER AND ASSOCIATES LLC
Mission
TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF PORTLAND AND WAYNE TOWNSHIP, JAY COUNTY INDIANA.
Program accomplishments
- TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF PORTLAND AND WAYNE TOWNSHIP, JAY COUNTY INDIANA.Expenses $9,735 · grants $9,000 · revenue $11,076
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 | 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
- 35-2148198
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $747,059
- Income (IRS master file)
- $24,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,076 | $9,735 | $747,059 | IRS |
| 990 | December 2024 | $2,918 | $126,607 | $745,718 | XML |
| 990 | December 2023 | $406,510 | $93,976 | $869,407 | XML |
| 990 | December 2022 | $10,791 | $0 | $556,873 | 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 35-2148198).
Questions about PORTLAND ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of PORTLAND ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PORTLAND ECONOMIC DEVELOPMENT CORPORATION is 35-2148198.
- Is PORTLAND ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2001.
- Are donations to PORTLAND ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORTLAND ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PORTLAND 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 PORTLAND 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 PORTLAND ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names FARON PARR.
- Who are the officers and directors of PORTLAND ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PORTLAND ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,076, expenses of $9,735 and total assets of $747,059 at year end.
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- JAY COUNTY VISITOR & TOURISM BUREAU EIN 35-2152450 · last filed 990 for 2025
- BRYANT INDUSTRIAL DEVELOPMENT CORPORATION EIN 35-1947497 · last filed 990 for 2025
- JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION EIN 35-0420975 · last filed 990 for 2025
- JAY - RANDOLPH DEVELOPMENTAL SERVICES INC RFD 3 EIN 35-1391724 · last filed 990 for 2025
- PORTLAND FOUNDATION INC EIN 35-2019497 · last filed 990 for 2024
- PORTLAND FOUNDATION EIN 35-6028362 · last filed 990 for 2024
- YOUTH SERVICE BUREAU OF JAY COUNTY INC EIN 35-1468539 · last filed 990 for 2025
All nonprofits in PORTLAND · Indiana · Community improvement and capacity building