Nonprofit · EIN 73-1263634
MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC
Tax-exempt · MIAMI, OK 74354
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $205,622 | $182,630 | $22,992 | $2,668,699 | $2,568 | $2,666,131 |
| December 31, 2023 | 990 | -$435,614 | $172,640 | -$608,254 | $2,954,075 | $5,119 | $2,948,956 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $109,883
- Program service revenue
- $29,722
- Investment income
- $50,567
- Net rental income
- $15,450
- Other revenue
- $15,450
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $72,552
- Other salaries and wages
- $9,913
- Salaries, compensation and benefits (total)
- $90,272
- Professional fundraising fees
- $0
- Legal fees
- $1,150
- Accounting fees
- $16,800
- Occupancy
- $14,228
- Travel
- $2,182
- Program services (functional)
- $398
- Management and general (functional)
- $182,232
Balance sheet and other
- Total assets, start of year
- $2,954,075
- Total assets, end of year
- $2,668,699
- Total liabilities, end of year
- $2,568
- Net assets, end of year
- $2,666,131
- Land, buildings and equipment
- $615,942
- Net assets without donor restrictions
- $2,666,131
- Gross receipts
- $205,622
- Employees
- 1
- Year formed
- 1985
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER LILLARD | CHAIRPERSON Trustee or director, Officer | – | $0 |
| BRETT HAYES | VICE-CHAIR Trustee or director, Officer | – | $0 |
| CAMERON WILKINS | TREASURER Trustee or director, Officer | – | $0 |
| ART COUSATTE | MEMBER Trustee or director | – | $0 |
| NICK BOWERS | MEMBER Trustee or director | – | $0 |
| BLAKE FLAMING | MEMBER Trustee or director | – | $0 |
| MIKE FURNAS | MEMBER Trustee or director | – | $0 |
| CRAIG HARPER | MEMBER Trustee or director | – | $0 |
| MICHAEL HART | MEMBER Trustee or director | – | $0 |
| BLESS PARKER | MEMBER Trustee or director | – | $0 |
| DR KYLE STAFFORD | MEMBER Trustee or director | – | $0 |
| SHON TAYLOR | MEMBER Trustee or director | – | $0 |
| KIRK WILLIAMS | MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANNON DUHON | DIRECTOR Trustee or director | 40 | $0 |
| HEATHER LILLARD | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| BRETT HAYES | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| AMANDA DAVIS | TREASURER Trustee or director, Officer | 1 | $0 |
| ART COUSATTE | MEMBER Trustee or director | 1 | $0 |
| NICK BOWERS | MEMBER Trustee or director | 1 | $0 |
| BLAKE FLAMING | MEMBER Trustee or director | 1 | $0 |
| MIKE FURNAS | MEMBER Trustee or director | 1 | $0 |
| CRAIG HARPER | MEMBER Trustee or director | 1 | $0 |
| MICHAEL HART | MEMBER Trustee or director | 1 | $0 |
| NICK HIGHSMITH | MEMBER Trustee or director | 1 | $0 |
| BO REESE | MEMBER Trustee or director | 1 | $0 |
| DR KYLE STAFFORD | MEMBER Trustee or director | 1 | $0 |
| SHON TAYLOR | MEMBER Trustee or director | 1 | $0 |
| CAMERON WILKINS | MEMBER Trustee or director | 1 | $0 |
| KIRK WILLIAMS | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11 S MAIN ST, MIAMI, OK 74354-7022
- Principal officer (990 for 2024)
- SHANNON DUHON, 11 SOUTH MAIN, MIAMI, OK 74354
- Signed the 990
- SHANNON DUHON, DIRECTOR
- Phone
- (918) 542-8405
- Website
- WWW.MIAMI-OK.ORG
- Return prepared by
- OBER & LITTLEFIELD CPAS
Mission
TO PROVIDE EXPANSION AND LOCATION ASSISTANCE TO EXISTING AND NEW BUSINESSES IN NORTHEASTERN OKLAHOMA.
Program accomplishments
- MAEDS REVOLVING LOAN FUNDExpenses $28
- ECONOMIC DEVELOPMENT AND LOCAL ENTREPENEUR LOAN FUNDExpenses $355
- REVOLVING LOAN ADMINISTRATION FUNDExpenses $15
- COMMUNITY DEVELOPMENT BLOCK GRANT LOAN ADMINISTRATION FUND, OKLAHOMA LOCAL ENTREPRENEUR ASSISTANCE PROGRAM ADMISTRATION FUND, USDA RURAL DEVELOPMENT FUND, MICRO LOAN PROGRAM FUND
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 | Not 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
- 73-1263634
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $2,668,699
- Income (IRS master file)
- $205,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $205,622 | $182,630 | $2,668,699 | XML |
| 990 | December 2023 | -$435,614 | $172,640 | $2,954,075 | XML |
| 990 | December 2022 | $34,046 | $24,200 | $4,410,039 | 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 73-1263634).
Questions about MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC
- What is the EIN of MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC?
- The employer identification number (EIN) of MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC is 73-1263634.
- Is MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC 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 MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC?
- The 990 for the year ended December 31, 2024 names SHANNON DUHON.
- Who are the officers and directors of MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does MIAMI AREA ECONOMIC DEVELOPMENT SERVICE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $205,622, expenses of $182,630 and total assets of $2,668,699 at year end.
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All nonprofits in MIAMI · Oklahoma · Community improvement and capacity building