Nonprofit · EIN 39-1288135
MIDDLETON AREA DEVELOPMENT CORPORATION
Tax-exempt · MIDDLETON, WI 53562
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $253,528 | $63,123 | $190,405 | $5,110,809 | $0 | $5,110,809 |
| December 31, 2024 | 990 | $265,467 | $48,291 | $217,176 | $4,920,404 | $0 | $4,920,404 |
| December 31, 2023 | 990 | $238,622 | $54,024 | $184,598 | $4,803,228 | $100,000 | $4,703,228 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $102,573
- Investment income
- $150,955
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,180
- Accounting fees
- $5,305
- Program services (functional)
- $41,263
- Management and general (functional)
- $21,860
Balance sheet and other
- Total assets, start of year
- $4,920,404
- Total assets, end of year
- $5,110,809
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,110,809
- Land, buildings and equipment
- $767,583
- Gross receipts
- $253,528
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1978
- State of legal domicile
- WI
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 |
|---|---|---|---|
| JEFF ZWETTLER | PRESIDENT Trustee or director, Officer | 12 | $0 |
| ROBERT BURCK | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| DEANA PORTER | TREASURER Trustee or director, Officer | 3 | $0 |
| TODD PASSINI | SECRETARY Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF ZWETTLER | PRESIDENT Trustee or director, Officer | 12 | $0 |
| ROBERT BURCK | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| DEANA PORTER | TREASURER Trustee or director, Officer | 3 | $0 |
| TODD PASSINI | SECRETARY Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN MAHANEY | PRESIDENT Trustee or director, Officer | 12 | $0 |
| ROBERT BURCK | DIRECTOR Trustee or director | 3 | $0 |
| JEFF ZWETTLER | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| ERIC DEWERD | DIRECTOR Trustee or director | 3 | $0 |
| DEANNA PORTER | TREASURER Trustee or director, Officer | 3 | $0 |
| TODD PASSINI | SECRETARY Trustee or director, Officer | 3 | $0 |
| KATE MILLER | DIRECTOR Trustee or director | 3 | $0 |
| DAN RAMSEY JR | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 620185, MIDDLETON, WI 53562-0185
- In care of
- % MIKE PETTA
- Principal officer (990 for 2025)
- JEFF ZWETTLER, PO BOX 620185, MIDDLETON, WI 53562
- Signed the 990
- JEFF ZWETTLER, PRESIDENT
- Phone
- (608) 770-2265
- Website
- WWW.MADCWI.COM
- Return prepared by
- YAHARA CPAS LLC
Mission
THE ORGANIZATION WAS SETUP UP IN 1978 TO FACILITATE ECONOMIC DEVELOPMENT IN THE CITY. LOANS ARE MADE TO LOCAL BUSINESSES TO HELP BRING OR KEEP THOSE BUSINESSES IN THE CITY.
Program accomplishments
- WE LOAN MONEY TO APPROPRIATE LOCAL BUSINESSES AS AN INCENTIVE TO KEEP THEM IN MIDDLETON, OR TO EXPAND IN MIDDLETON AND CREATE NEW JOBS. ALL LOANS ARE AT STANDARD RATES AND ARE REPAID BASED ON A MONTHLY PAYMENT SCHEDULE.Expenses $29,590 · revenue $22,173
- WE RENT THE AIRPORT TERMINAL BUILDING BACK TO THE AIRPORT OPERATIONS COMPANY (MOREY AIRPLANE COMPANY)Expenses $11,673 · revenue $80,400
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
- 39-1288135
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,110,809
- Income (IRS master file)
- $253,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $253,528 | $63,123 | $5,110,809 | XML |
| 990 | December 2024 | $265,467 | $48,291 | $4,920,404 | XML |
| 990 | December 2023 | $238,622 | $54,024 | $4,803,228 | XML |
| 990 | December 2022 | $112,424 | $48,670 | $4,718,630 | 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 39-1288135).
Questions about MIDDLETON AREA DEVELOPMENT CORPORATION
- What is the EIN of MIDDLETON AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MIDDLETON AREA DEVELOPMENT CORPORATION is 39-1288135.
- Is MIDDLETON AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1978.
- Are donations to MIDDLETON AREA DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MIDDLETON AREA 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 MIDDLETON AREA 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 MIDDLETON AREA 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 MIDDLETON AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names JEFF ZWETTLER.
- Who are the officers and directors of MIDDLETON AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MIDDLETON AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $253,528, expenses of $63,123 and total assets of $5,110,809 at year end.
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