Nonprofit · EIN 42-1318828
MARION ECONOMIC DEVELOPMENT CORP
Tax-exempt · MARION, IA 52302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $613,418 | $539,504 | $73,914 | $824,732 | $0 | $824,732 |
| December 31, 2024 | 990 | $470,835 | $554,768 | -$83,933 | $12,384,509 | $1,845,684 | $10,538,825 |
| December 31, 2023 | 990 | $496,769 | $496,685 | $84 | $12,644,520 | $2,021,534 | $10,622,986 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $601,418
- of which government grants
- $140,000
- Membership dues
- $426,972
- Program service revenue
- $12,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $351,864
- Salaries, compensation and benefits (total)
- $391,208
- Professional fundraising fees
- $0
- Legal fees
- $294
- Accounting fees
- $2,747
- Occupancy
- $77,517
- Program services (functional)
- $539,504
Balance sheet and other
- Total assets, start of year
- $183,825
- Total assets, end of year
- $824,732
- Total liabilities, end of year
- $0
- Net assets, end of year
- $824,732
- Land, buildings and equipment
- $428,775
- Net assets without donor restrictions
- $824,732
- Gross receipts
- $613,418
- Employees
- 4
- Year formed
- 1985
- State of legal domicile
- IA
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 |
|---|---|---|---|
| Emily Kaiser | Board Chair Trustee or director | 3 | $0 |
| Kevin Hupp | Director Trustee or director | 2 | $0 |
| Eric Schmitt | Director Trustee or director | 2 | $0 |
| Brian Gibbs | Director Trustee or director | 2 | $0 |
| Janelle Brouwer | Director Trustee or director | 2 | $0 |
| Mary Rathje | Director Trustee or director | 2 | $0 |
| Brian Rosteck | Director Trustee or director | 2 | $0 |
| Nicole Cavanah | Director Trustee or director | 2 | $0 |
| Isaiah Bobel | Director Trustee or director | 2 | $0 |
| Tom Brown | Director Trustee or director | 2 | $0 |
| Nick Abouassaly | Director Trustee or director | 2 | $0 |
| Jill Ackerman | Director Trustee or director | 2 | $0 |
| Amy Kortmeyer | Director Trustee or director | 2 | $0 |
| Greg Smith | Director Trustee or director | 2 | $0 |
| Tyler McCarville | Director Trustee or director | 2 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chad Pelley | Director Trustee or director | 2 | $0 |
| Kyle Martin | Director Trustee or director | 2 | $0 |
| Ryan Waller | Director Trustee or director | 2 | $0 |
| Steve Neighbor | Director Trustee or director | 3 | $0 |
| Mark Seckman | Predident Trustee or director | 45 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EMILY KAISER | INCOMING BOARD CHAIR Trustee or director | 3 | $0 |
| KEVIN HUPP | DIRECTOR Trustee or director | 2 | $0 |
| ERIC SCHMITT | BOARD CHAIR Trustee or director | 3 | $0 |
| BRIAN GIBBS | DIRECTOR Trustee or director | 2 | $0 |
| JANELLE BROUWER | DIRECTOR Trustee or director | 2 | $0 |
| MARY RATHJE | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN ROSTECK | DIRECTOR Trustee or director | 2 | $0 |
| NICOLE CAVANAH | DIRECTOR Trustee or director | 2 | $0 |
| ISAIAH BOREL | DIRECTOR Trustee or director | 2 | $0 |
| TOM BROWN | DIRECTOR Trustee or director | 2 | $0 |
| NICK ABOUASSALY | DIRECTOR Trustee or director | 2 | $0 |
| JILL ACKERMAN | DIRECTOR Trustee or director | 2 | $0 |
| AMY KORTMEYER | DIRECTOR Trustee or director | 2 | $0 |
| GREG SMITH | DIRECTOR Trustee or director | 2 | $0 |
| TYLER MCCARVILLE | DIRECTOR Trustee or director | 2 | $0 |
| CHAD PELLEY | DIRECTOR Trustee or director | 2 | $0 |
| KYLE MARTIN | DIRECTOR Trustee or director | 2 | $0 |
| RYAN WALLER | DIRECTOR Trustee or director | 2 | $0 |
| STEVE NEIGHBOR | OUTGOING BOARD CHAIR Trustee or director, Officer | 3 | $0 |
| MARK SECKMAN | PRESIDENT Officer | 45 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JILL ACKERMAN | DIRECTOR Trustee or director | 2 | $0 |
| AMY KORTMEYER | DIRECTOR Trustee or director | 2 | $0 |
| HOLLY CORKERY | DIRECTOR Trustee or director | 2 | $0 |
| TOM BROWN | DIRECTOR Trustee or director | 2 | $0 |
| TOM PIENTOK | DIRECTOR Trustee or director | 2 | $0 |
| NICK ABOUASSALY | DIRECTOR Trustee or director | 2 | $0 |
| EMILY KAISER | DIRECTOR Trustee or director | 2 | $0 |
| CHAD PELLEY | DIRECTOR Trustee or director | 2 | $0 |
| LOUIE ZUMBACH | DIRECTOR Trustee or director | 2 | $0 |
| GREG SMITH | DIRECTOR Trustee or director | 2 | $0 |
| MIKE LUKAN | DIRECTOR Trustee or director | 2 | $0 |
| TYLER MCCARVILLE | DIRECTOR Trustee or director | 2 | $0 |
| ISAIAH BOREL | DIRECTOR Trustee or director | 2 | $0 |
| STEVE NEIGHBOR | BOARD CHAIR Trustee or director | 3 | $0 |
| BRIAN GIBBS | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN HUPP | DIRECTOR Trustee or director | 2 | $0 |
| PAUL ERICKSON | DIRECTOR Trustee or director | 2 | $0 |
| ERIC SCHMITT | INCOMING BOARD CHAIR Trustee or director | 3 | $0 |
| SCOTT PANTEL | DIRECTOR Trustee or director | 2 | $0 |
| NICOLE CAVANAH | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN ROSTECK | DIRECTOR Trustee or director | 2 | $0 |
| JANELLE BROUWER | DIRECTOR Trustee or director | 2 | $0 |
| MARY RATHJE | DIRECTOR Trustee or director | 2 | $0 |
| CHERI MONAHAN | OUTGOING BOARD CHAIR Trustee or director, Officer | 3 | $0 |
| MARK SECKMAN | PRESIDENT Officer | 45 | $0 |
Address and contacts
- Address (IRS master file)
- 1107 7TH AVE APT 201, MARION, IA 52302-3421
- In care of
- % MARK SECKMAN
- Signed the 990
- MARK SECKMAN PREDIDENT, president
- Phone
- (319) 743-4724
- Website
- WWW.MedcoIowa.org
- Return prepared by
- Enterprise Tax Service
Mission
To strengthen and enhance econonmic developement in marion
Program accomplishments
- Facilitate relationships between existing businesses and the city of MarionExpenses $179,835 · revenue $2,000
- Community and educational outreach Establish Relationships with potential new businesses to move into MarionExpenses $179,834 · revenue $2,000
- Facilitate relationships between existing businesses and the city of Marion
- Establish Relationships with potential new businesses to move into MarionExpenses $179,835 · revenue $2,000
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
- 42-1318828
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $824,732
- Income (IRS master file)
- $613,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $613,418 | $539,504 | $824,732 | XML |
| 990 | December 2024 | $470,835 | $554,768 | $12,384,509 | XML |
| 990 | December 2023 | $496,769 | $496,685 | $12,644,520 | XML |
| 990 | December 2022 | $882,633 | $708,220 | $12,817,378 | 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 42-1318828).
Questions about MARION ECONOMIC DEVELOPMENT CORP
- What is the EIN of MARION ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of MARION ECONOMIC DEVELOPMENT CORP is 42-1318828.
- Is MARION ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1969.
- Which annual return does MARION ECONOMIC DEVELOPMENT CORP 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 MARION ECONOMIC DEVELOPMENT CORP 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 MARION ECONOMIC DEVELOPMENT CORP 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 MARION ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does MARION ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $613,418, expenses of $539,504 and total assets of $824,732 at year end.
Other nonprofits in MARION
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- GRAND HAVEN HOMES INC EIN 42-1107110 · last filed 990 for 2025
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- PROSPECT MEADOWS INC EIN 45-1186453 · last filed 990 for 2025
- MONARCH RESEARCH PROJECT EIN 47-5292786 · last filed 990 for 2025
- MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION EIN 42-1343360 · last filed 990 for 2024
- MARION CHAMBER OF COMMERCE EIN 27-0607115 · last filed 990 for 2025
- THE WELL-FOOD AND CLOTHING SOURCE EIN 86-2231494 · last filed 990 for 2025