Nonprofit · EIN 36-3339749
WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · WORTHINGTON, MN 56187
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $124,460 | $92,197 | $32,263 | $1,725,496 | $15,607 | $1,709,889 |
| December 31, 2024 | 990 | $140,689 | $101,742 | $38,947 | $1,706,433 | $28,807 | $1,677,626 |
| December 31, 2023 | 990 | $113,287 | $63,446 | $49,841 | $1,659,843 | $21,164 | $1,638,679 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $100,417
- Program service revenue
- $0
- Investment income
- $24,043
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,546
- Depreciation
- $6,687
- Program services (functional)
- $12,613
- Management and general (functional)
- $79,584
Balance sheet and other
- Total assets, start of year
- $1,706,433
- Total assets, end of year
- $1,725,496
- Total liabilities, end of year
- $15,607
- Net assets, end of year
- $1,709,889
- Land, buildings and equipment
- $6,623
- Net assets without donor restrictions
- $1,709,889
- Gross receipts
- $124,460
- Employees
- 0
- Year formed
- 1984
- State of legal domicile
- MN
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 |
|---|---|---|---|
| CINDY ELSING | TREASURER Trustee or director, Officer | 1 | $0 |
| JILL CUPERUS | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA GEHL | CHAIR Trustee or director, Officer | 1 | $0 |
| PAIGE KINLEY | DIRECTOR Trustee or director | 1 | $0 |
| MARK VIS | DIRECTOR Trustee or director | 1 | $0 |
| JON STANDAFER | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN MOSER | DIRECTOR Trustee or director | 1 | $0 |
| NATE VAN NOTE | DIRECTOR Trustee or director | 1 | $0 |
| STACY MURPHY | DIRECTOR Trustee or director | 1 | $0 |
| JASON LARSEN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HAIN | STAKEHOLDER Trustee or director | 1 | $0 |
| BOB DEMUTH JR | STAKEHOLDER Trustee or director | 1 | $0 |
| STEVE ROBINSON | STAKEHOLDER Trustee or director | 1 | $0 |
| JAIME SALINAS | EXECUTIVE DI Officer | 10 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CINDY ELSING | TREASURER Trustee or director, Officer | 1 | $0 |
| JILL CUPERUS | DIRECTOR Trustee or director | 1 | $0 |
| MATT ALTMAN | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA GEHL | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MINILIK MERSHA | DIRECTOR Trustee or director | 1 | $0 |
| PAIGE KINLEY | DIRECTOR Trustee or director | 1 | $0 |
| MARK VIS | CHAIR Trustee or director, Officer | 1 | $0 |
| JON STANDAFER | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN MOSER | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HAIN | STAKEHOLDER Trustee or director | 1 | $0 |
| BOB DEMUTH JR | STAKEHOLDER Trustee or director | 1 | $0 |
| STEVE ROBINSON | STAKEHOLDER Trustee or director | 1 | $0 |
| JAIME SALINAS | EXECUTIVE DI Officer | 10 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATIE MEYER | TREASURER Trustee or director, Officer | 1 | $0 |
| JILL CUPERUS | DIRECTOR Trustee or director | 1 | $0 |
| TOM HANSON | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA GEHL | DIRECTOR Trustee or director | 1 | $0 |
| MINILIK MERSHA | DIRECTOR Trustee or director | 1 | $0 |
| PAIGE KINLEY | DIRECTOR Trustee or director | 1 | $0 |
| MARK VIS | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JON STANDAFER | DIRECTOR Trustee or director | 1 | $0 |
| JULIE FOOTE | CHAIR Trustee or director, Officer | 1 | $0 |
| SCOTT HAIN | STAKEHOLDER Trustee or director | 1 | $0 |
| BOB DEMUTH JR | STAKEHOLDER Trustee or director | 1 | $0 |
| STEVE ROBINSON | STAKEHOLDER Trustee or director | 1 | $0 |
| JAIME SALINAS | EXECUTIVE DI Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 700 2ND AVE, WORTHINGTON, MN 56187-2300
- Principal officer (990 for 2025)
- CINDY ELSING, 700 SECOND AVE, WORTHINGTON, MN 56187
- Signed the 990
- JAIME SALINAS, EXECUTIVE DIRECTOR
- Phone
- (507) 372-5515
- Return prepared by
- DREALAN KVILHAUG HOEFKER & CO PA
Mission
TO PROMOTE WORTHINGTON AND NOBLES COUNTY AS THE AREA TO CONDUCT BUSINESS AND TO PROVIDE LEADERSHIP FOR GROWTH AND EXPANSION.
Program accomplishments
- ECONOMIC DEVELOPMENT ACTIVITIES DESIGNED TO ENHANCE BUSINESS AND COMMUNITY IN THE GREATER WORTHINGTON AREA.Expenses $12,613
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
- 36-3339749
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,725,496
- Income (IRS master file)
- $124,460
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $124,460 | $92,197 | $1,725,496 | XML |
| 990 | December 2024 | $140,689 | $101,742 | $1,706,433 | XML |
| 990 | December 2023 | $113,287 | $63,446 | $1,659,843 | XML |
| 990 | December 2022 | $218,077 | $63,422 | $1,599,553 | 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 36-3339749).
Questions about WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION is 36-3339749.
- Is WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1985.
- Are donations to WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WORTHINGTON REGIONAL 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 WORTHINGTON REGIONAL 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 WORTHINGTON REGIONAL 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 WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names CINDY ELSING.
- Who are the officers and directors of WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does WORTHINGTON REGIONAL ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $124,460, expenses of $92,197 and total assets of $1,725,496 at year end.
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