Nonprofit · EIN 38-0284520
LENAWEE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ADRIAN, MI 49221
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,148,483 | $1,435,316 | -$286,833 | $9,799,170 | $9,129,753 | $669,417 |
| December 31, 2024 | 990 | $1,405,347 | $1,562,163 | -$156,816 | $10,186,190 | $9,229,940 | $956,250 |
| December 31, 2023 | 990 | $3,488,446 | $3,403,745 | $84,701 | $8,197,330 | $7,084,264 | $1,113,066 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,057,462
- of which government grants
- $617,713
- Program service revenue
- $2,524
- Investment income
- $80,691
- Net income from fundraising events
- $7,806
- Other revenue
- $7,806
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $531,064
- Salaries, compensation and benefits (total)
- $592,350
- Professional fundraising fees
- $0
- Legal fees
- $10,484
- Accounting fees
- $30,861
- Occupancy
- $18,350
- Travel
- $10,581
- Depreciation
- $1,024
- Program services (functional)
- $1,175,031
- Management and general (functional)
- $214,242
- Fundraising (functional)
- $46,043
Balance sheet and other
- Total assets, start of year
- $10,186,190
- Total assets, end of year
- $9,799,170
- Total liabilities, end of year
- $9,129,753
- Net assets, end of year
- $669,417
- Net assets without donor restrictions
- $669,417
- Gross receipts
- $1,148,483
- Employees
- 7
- Year formed
- 1946
- State of legal domicile
- MI
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 |
|---|---|---|---|
| Julie Yaroch | Director Trustee or director | 1 | $0 |
| Patrick Farver | Executive Director Trustee or director | 40 | $0 |
| Mark Haag | Director Trustee or director | 1 | $0 |
| Jed Engle | Director Trustee or director | 1 | $0 |
| John Gramm | Director Trustee or director | 1 | $0 |
| Rick Gurdjian | Director Trustee or director | 1 | $0 |
| Jason Hess | Treasurer Officer | 1 | $0 |
| Mindy Bradish-Orta | Secretary Officer | 1 | $0 |
| James Kapnick | Chair Officer | 1 | $0 |
| Arell Chapman | Vice Chair Officer | 1 | $0 |
| Timothy Robinson | Director of Operations Key employee | 40 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Yaroch | Director Trustee or director | 1 | $0 |
| Patrick Farver | Executive Director Trustee or director | 40 | $0 |
| Mark Haag | Director Trustee or director | 1 | $0 |
| Jed Engle | Director Trustee or director | 1 | $0 |
| Jim Williams | Director Trustee or director | 1 | $0 |
| Arell Chapman | Director Trustee or director | 1 | $0 |
| Rick Gurdjian | Director Trustee or director | 1 | $0 |
| Jason Hess | Treasurer Officer | 1 | $0 |
| Mindy Bradish-Orta | Chair Officer | 1 | $0 |
| James Kapnick | Vice Chair Officer | 1 | $0 |
| Timothy Robinson | Director of Operations Key employee | 40 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ken Prior | Director Trustee or director | 1 | $0 |
| Jed Engle | Director Trustee or director | 1 | $0 |
| James Kapnick | Director Trustee or director | 1 | $0 |
| Rick Gurdjian | Director Trustee or director | 1 | $0 |
| Arell Chapman | Director Trustee or director | 1 | $0 |
| Jim Williams | Director Trustee or director | 1 | $0 |
| Julie Yaroch | Director Trustee or director | 1 | $0 |
| Mindy Bradish-Orta | Chair Trustee or director | 1 | $0 |
| Mark Haag | Director Trustee or director | 1 | $0 |
| Patrick Farver | Executive Director Trustee or director | 40 | $0 |
| Jason Hess | Vice Chair Officer | 1 | $0 |
| Kathryn Mohr | Secretary Treasurer Officer | 2 | $0 |
| Timothy Robinson | Director of Operations Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 5285 W US HIGHWAY 223 STE A, ADRIAN, MI 49221-8488
- In care of
- % JASON HESS
- Signed the 990
- JASON HESS, Treasurer
- Phone
- (517) 265-5141
- Website
- WWW.LENAWEENOW.ORG
- Return prepared by
- Meredith Francis CPA PC
Mission
to stimulate economic development, attract new businesses, grow established businesses and support entrepreneurial endeavors in Lenawee County
Program accomplishments
- to promote and advance the commercial industrial moral and civic welfare of Lenawee County to promote new economic development in Lenawee County and assist Lenawee County businesses and industries to develop plans for growth and expansionExpenses $1,175,031
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
- 38-0284520
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,799,170
- Income (IRS master file)
- $1,148,483
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,148,483 | $1,435,316 | $9,799,170 | XML |
| 990 | December 2024 | $1,405,347 | $1,562,163 | $10,186,190 | IRS |
| 990 | December 2023 | $3,488,446 | $3,403,745 | $8,197,330 | XML |
| 990 | December 2022 | $1,882,583 | $1,566,046 | $2,610,871 | 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 38-0284520).
Questions about LENAWEE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LENAWEE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LENAWEE ECONOMIC DEVELOPMENT CORPORATION is 38-0284520.
- Is LENAWEE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1944.
- Are donations to LENAWEE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LENAWEE 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 LENAWEE 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 LENAWEE 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 LENAWEE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does LENAWEE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,148,483, expenses of $1,435,316 and total assets of $9,799,170 at year end.
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