Nonprofit · EIN 82-0435097
MADISON ECONOMIC DEVELOPMENT CORP
Tax-exempt · REXBURG, ID 83440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $8,402 | $4,000 | $4,402 | $5,807 | – | $5,807 |
| December 31, 2024 | 990-EZ | $378 | $150 | $228 | $1,405 | – | $1,405 |
| December 31, 2023 | 990-EZ | $0 | $40 | -$40 | $1,177 | – | $1,177 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $8,402
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $4,000
- Program services (functional)
- $4,000
Balance sheet and other
- Total assets, start of year
- $1,405
- Total assets, end of year
- $5,807
- Total liabilities, end of year
- –
- Net assets, end of year
- $5,807
- Cash, savings and investments
- $5,807
- Gross receipts
- $8,402
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE KINGHORN | President | 1 | $0 |
| SHAWN PERKINS | Director | 0 | $0 |
| JOSH BINGHAM | Treasurer | 0 | $0 |
| AARON DENNEY | Secretary | 2 | $0 |
| ERIC ERICKSON | Director | 1 | $0 |
| ROB TIETJEN | Director | 1 | $0 |
| RICK MILLER | Director | 1 | $0 |
| SCOTT JOHNSON | Executive Dir. | 1 | $0 |
| SALLY SMITH | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT CHAMBERS | President | 1 | $0 |
| KYLE KINGHORN | Vice President | 1 | $0 |
| JOSH BINGHAM | Treasurer | 0 | $0 |
| AARON DENNEY | Secretary | 2 | $0 |
| JOHN WARD | Director | 1 | $0 |
| ROB TIETJEN | Director | 1 | $0 |
| RICK MILLER | Director | 1 | $0 |
| DAN MOLDENHAUER | Director | 1 | $0 |
| JERRY MERRILL | Director | 1 | $0 |
| TODD SMITH | Director | 1 | $0 |
| SCOTT JOHNSON | Executive Dir. | 1 | $0 |
| SALLY SMITH | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT CHAMBERS | President | 1 | $0 |
| KYLE KINGHORN | Vice President | 1 | $0 |
| JOSH BINGHAM | Treasurer | 0 | $0 |
| AARON DENNEY | Secretary | 2 | $0 |
| JOHN WARD | Director | 1 | $0 |
| ROB TIETJEN | Director | 1 | $0 |
| RICK MILLER | Director | 1 | $0 |
| SHAWN PERKINS | Director | 1 | $0 |
| JERRY MERRILL | Director | 1 | $0 |
| TODD SMITH | Director | 1 | $0 |
| SCOTT JOHNSON | Executive Dir. | 1 | $0 |
| SALLY SMITH | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 490 FIRST AMERICAN CIR, REXBURG, ID 83440-5410
- Signed the 990-EZ
- JOSH BINGHAM, Treasurer
- Phone
- (208) 356-3677
- Return prepared by
- RUDD & COMPANY PLLC
Mission
THE ORGANIZATION PROMOTES ECONOMIC DEVELOPMENT IN MADISON COUNTY, IDAHO BY DIRECTING EFFORTS TO BRING BUSINESSES AND EMPLOYERS TO THE AREA. THE ORGANIZATION ALSO PROMOTES ECONOMIC DEVELOPMENT BY SPONSORING INITIATIVES TO FOSTER ENTREPRENEURSHIP AND ECONOMIC GARDENING.
Program accomplishments
- THE ORGANIZATION SPONSORED THE BYU-IDAHO STUDENT PITCH COMPETITION BY AWARDING CASH PRIZES FOR 1ST, 2ND, AND 3RD PLACES. THIS PROGRAM IS OPEN TO BYU-IDAHO STUDENTS AND FOSTERS REAL WORLD STARTUP BUSINESS PLANS REVIEWED BY A PANEL OF JUDGES MADE UP OF VARIOUS LOCAL BUSINESS AND COMMUNITY LEADERS.Expenses $4,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-0435097
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $5,807
- Income (IRS master file)
- $8,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $8,402 | $4,000 | $5,807 | XML |
| 990-EZ | December 2024 | $378 | $150 | $1,405 | XML |
| 990-EZ | December 2023 | $0 | $40 | $1,177 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | 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 82-0435097).
Questions about MADISON ECONOMIC DEVELOPMENT CORP
- What is the EIN of MADISON ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of MADISON ECONOMIC DEVELOPMENT CORP is 82-0435097.
- Is MADISON ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1993.
- Are donations to MADISON ECONOMIC DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MADISON ECONOMIC DEVELOPMENT CORP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MADISON 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 MADISON ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of MADISON ECONOMIC DEVELOPMENT CORP?
- The 990-EZ for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does MADISON ECONOMIC DEVELOPMENT CORP have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $8,402, expenses of $4,000 and total assets of $5,807 at year end.
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