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Nonprofiteer
← MARSHALL COUNTY ECONOMICDEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by MARSHALL COUNTY ECONOMICDEVELOPMENT CORPORATION.

Totals

Total revenue
$831,635
Total expenses
$635,413
Contributions and grants received
$337,030
Grants paid
$0
Program service revenue
$18,609
Investment income
$167,868
Other revenue
$308,128
Total assets, end of year
$874,458
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$874,458
Program services expenses (Part IX)
$254,936
Management and general expenses
$380,477
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 40.1% 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.

  • 1e · Government grants (contributions)

    $245,500

  • 1f · All other contributions, gifts and grants

    $91,530

  • 2a · Program service revenue: MISCELLANEOUS REVENUE

    total $18,609 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $167,868 · unrelated business $0 · excluded $167,868

  • 11a · Other revenue: MISCELLANEOUS UNWINDING LEVERAGE LENDER

    total $308,128 · related or exempt $308,128 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $308,128

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $102,766 · program services $51,383 · management and general $51,383 · fundraising $0

  • 7 · Other salaries and wages

    total $132,677 · program services $68,510 · management and general $64,167 · fundraising $0

  • 8 · Pension plan contributions

    total $7,034 · program services $3,582 · management and general $3,452 · fundraising $0

  • 9 · Other employee benefits

    total $42,793 · program services $21,791 · management and general $21,002 · fundraising $0

  • 10 · Payroll taxes

    total $18,346 · program services $9,343 · management and general $9,003 · fundraising $0

  • 11c · Fees: accounting

    total $7,510 · program services $6,759 · management and general $751 · fundraising $0

  • 12 · Advertising and promotion

    total $42,558 · program services $42,558 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $11,473 · program services $10,326 · management and general $1,147 · fundraising $0

  • 16 · Occupancy

    total $22,470 · program services $20,223 · management and general $2,247 · fundraising $0

  • 17 · Travel

    total $6,373 · program services $6,373 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,542 · program services $4,088 · management and general $454 · fundraising $0

  • 20 · Interest

    total $203,149 · program services $0 · management and general $203,149 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $7,430 · program services $0 · management and general $7,430 · fundraising $0

  • 23 · Insurance

    total $1,660 · program services $0 · management and general $1,660 · fundraising $0

  • 24a · Other expenses: TELEPHONE

    total $5,827 · program services $0 · management and general $5,827 · fundraising $0

  • 24b · Other expenses: UTILITIES

    total $3,876 · program services $0 · management and general $3,876 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $804 · program services $0 · management and general $804 · fundraising $0

  • 24d · Other expenses: PAYROLL SERVICE FEES

    total $2,113 · program services $0 · management and general $2,113 · fundraising $0

  • 24e · All other expenses

    total $12,012 · program services $10,000 · management and general $2,012 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $565,183 · end of year $537,298

  • 10a · Land, buildings and equipment: cost or other basis

    $382,682

  • 10b · Land, buildings and equipment: accumulated depreciation

    $94,137

  • 10c · Land, buildings and equipment, net

    beginning of year $295,975 · end of year $288,545

  • 15 · Other assets

    beginning of year $6,718,071 · end of year $48,615

  • 23 · Secured mortgages and notes payable

    beginning of year $337,358 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $7,150,103 · end of year $834,188

  • 28 · Net assets with donor restrictions

    beginning of year $91,768 · end of year $40,270

Mission and programs · 2025

Mission

MARKETING AND BUSINESS RECRUITMENT IN MARSHALL COUNTY

  • DEVELOPMENT AND IMPLEMENTATION OF JOB CREATION STRATEGIES FOR MARSHALL COUNTY, PRIMARILY THROUGH PLACE BASED MARKETING AND INCENTIVE COORDINATION FOR NEW BUSINESS ATTRACTION AND ON-SITE BUSINESS VISITATION PROGRAM FOR JOB RETENTION

  • DEVELOPMENT AND IMPLEMENTATION OF JOB CREATION STRATEGIES FOR MARSHALL COUNTY, PRIMARILY THROUGH ENTREPRENEURSHIP SUPPORT AND CULTIVATION THROUGH COUNSELING SERVICES AND REGIONAL NETWORKING

  • TO RAISE, ADMINISTER, ACCEPT, AND DISTRIBUTE FUNDS IN CONNECTION WITH ACTIVITIES RELATED TO THE PURPOSES OF MARSHALL COUNTY ECONOMIC DEVELOPMENT CORPORATION

As filed on the 2025 return.

Listed in Part VII

  • Greg Hildebrand

    PRESIDENT/CEO

    Total calculated
    $98,865
    From this org
    $98,865
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bill Davis

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Greg Miller

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mark Umbaugh

    FORMER SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Chelsea Smith

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Don Fox

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ron Lee

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Desalle

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patti Kitch

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wade McGee

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Vervynckt

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Holsopple

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Treat

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MCEDC LEVERAGE LENDER 2 LLC

    TO PROMOTE, ASSIST, CONTRIBUTE AND SUPPORT ECONOMIC DEVELOPMENT · IN · income $14,939 · assets $6,669,493

    Directly controlled by MARSHALL COUNTY ECONOMIC DEVELOPMENT CORP

Provenance

Return type
form_990
Tax year
2025
Filed
2 July 2026
IRS schema version
2025v4.1
Source object
202602229349300635

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