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Nonprofiteer
← MIDDLETOWN AREA DEVELOPMENT ENTERPRISE INC

Form 990 for tax year 2024

Filed by MIDDLETOWN AREA DEVELOPMENT ENTERPRISE INC.

Totals

Total revenue
$23,052
Total expenses
$300
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$23,052
Other revenue
$0
Total assets, end of year
$581,502
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$581,502
Program services expenses (Part IX)
$0
Management and general expenses
$300
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $23,052 · related or exempt $23,052

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $300 · management and general $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $558,750 · end of year $21,348

  • 2 · Savings and temporary cash investments

    end of year $560,154

  • 27 · Net assets without donor restrictions

    beginning of year $558,750 · end of year $581,502

Mission and programs · 2024

Mission

THE ORGANIZATION HOLDS INDUSTRIAL LAND TO SELL IN ORDER TO PROMOTE GROWTH & DEVELOPMENT IN THE MIDDLETOWN AREA

  • THE ORGANIZATION HOLDS INDUSTRIAL LAND TO SELL IN ORDER TO PROMOTE GROWTH & DEVELOPMENT IN THE MIDDLETOWN AREA

As filed on the 2024 return.

Listed in Part VII

  • Mike Stautberg

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Tim Abbott

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Rick Pearce

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Chris Bergs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Ken Cohen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 January 2025
IRS schema version
2024v5.0
Source object
202500249349300310

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