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Nonprofiteer
← MIDDLETOWN AREA DEVELOPMENT ENTERPRISE INC

Form 990 for tax year 2025

Filed by MIDDLETOWN AREA DEVELOPMENT ENTERPRISE INC.

Totals

Total revenue
$18,002
Total expenses
$449
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$18,002
Other revenue
$0
Total assets, end of year
$599,055
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$599,055
Program services expenses (Part IX)
$0
Management and general expenses
$449
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 $18,002 · related or exempt $18,002

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $375 · management and general $375

  • 19 · Conferences, conventions and meetings

    total $74 · management and general $74

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,348 · end of year $20,993

  • 2 · Savings and temporary cash investments

    beginning of year $560,154 · end of year $578,062

  • 27 · Net assets without donor restrictions

    beginning of year $581,502 · end of year $599,055

Mission and programs · 2025

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 2025 return.

Listed in Part VII

  • Tim Abbott

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Stautberg

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Lafkas

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jacob Schulte

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Bergs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ken Cohen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rick Pearce

    TREASURER

    Total calculated
    $0
    Hours/week
    3

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
2025
Filed
12 January 2026
IRS schema version
2025v4.0
Source object
202640269349300449

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