Form 990 for tax year 2024
Filed by HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $2,057,355
- Total expenses
- $2,249,889
- Contributions and grants received
- $1,861,731
- Grants paid
- $1,467,751
- Program service revenue
- $177,870
- Investment income
- $17,754
- Other revenue
- $0
- Total assets, end of year
- $371,378
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $371,378
- Program services expenses (Part IX)
- $2,142,282
- Management and general expenses
- $107,607
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,142,282
Program services were 95.2% 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)
$1,861,506
-
1f · All other contributions, gifts and grants
$225
-
2a · Program service revenue: CONTRACTS
total $177,870 · related or exempt $177,870
-
3 · Investment income
total $17,754 · excluded $17,754
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,467,751 · program services $1,467,751
-
5 · Compensation of officers, directors and key employees
total $198,496 · program services $178,647 · management and general $19,849
-
7 · Other salaries and wages
total $143,706 · program services $129,335 · management and general $14,371
-
11g · Fees: other
total $317,023 · program services $250,448 · management and general $66,575
-
12 · Advertising and promotion
total $1,678 · program services $1,678
-
13 · Office expenses
total $11,954 · program services $5,977 · management and general $5,977
-
14 · Information technology
total $52,676 · program services $52,676
-
17 · Travel
total $16,707 · program services $15,872 · management and general $835
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $27,429 · program services $27,429
-
24b · Other expenses: SUPPLIES
total $12,469 · program services $12,469
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $563,912 · end of year $371,378
-
27 · Net assets without donor restrictions
beginning of year $400,762 · end of year $248,288
-
28 · Net assets with donor restrictions
beginning of year $163,150 · end of year $123,090
Mission and programs · 2024
Mission
EMPOWER THE ECONOMIC VITALITY OF THE RESIDENTS, BUSINESS AND COMMUNITIES OF HAMILTON COUNTY BY ATTRACTING, RETAINING AND SUPPORTING TALENT.
Activities or mission (Part I)
EMPOWER THE ECONOMIC VITALITY OF THE RESIDENTS, BUSINESS AND COMMUNITIES OF HAMILTON COUNTY.
-
THE PURSUIT INSTITUTE CAREER AND TECHNICAL EDUCATION LEA:HCEDC SUPERVISED THE CREATION AND ACCREDIATION OF A NEW CAREER AND TECHNICAL EDUCATION (CTE) DISTRICT FOR THE SIX SCHOOL DISTRICTS WITHIN HAMILTON COUNTY, AND RECEIVED/MANAGED SEVERAL LARGE GRANTS WITH THOSE DISTRICTS AND THE LEA TO EXPAND CTE ENROLLMENT AND CAPACITY ACROSS THE COUNTY.
Expenses $1,753,964 · Grants $1,415,418 · Revenue $177,870
-
INVESTED: THE INVESTED PROGRAM IS CENTERED AROUND FACILITATING CAREER EXPLORATION AND WORK-BASED-LEARNING ACTIVITIES FOR STUDENTS IN ALL SIX LOCAL SCHOOL CORPORATIONS IN HAMILTON COUNTY. BY CENTRALIZING EMPLOYER CONNECTIVITY, IN COLLABORATION WITH FOUR LOCAL CHAMBERS OF COMMERCE, AND PRIORITIZING RELATIONSHIP MANAGEMENT WITH EMPLOYERS, INVESTED WILL HELP SCHOOLS, AND THE PURSUIT INSTITUTE BUILD NEW, MORE DYNAMIC, AND INDIVIDUALIZED PARTNERSHIPS WITH LOCAL BUSINESSES AND COMMUNITY ORGANIZATIONS.
Expenses $226,665 · Grants $31,500
-
INVESTABILITY: EXPANDING CAREER AWARENESS AND WORK-BASED-LEARNING OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES.
Expenses $161,653 · Grants $20,833
As filed on the 2024 return.
Listed in Part VII
-
Corby ThompsonCORBY THOMPSON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christine AltmanCHRISTINE ALTMAN
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chuck HabermanCHUCK HABERMAN
BOARD SEC/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark LabarrMARK LABARR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel KartzRACHEL KARTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy TheiszANDY THEISZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sue MakiSUE MAKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Angela AcreyANGELA ACREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael BeresfordMICHAEL BERESFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Danielle Carey TolanDANIELLE CAREY TOLAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Shelley WaltersSHELLEY WALTERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jack RussellJACK RUSSELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Stacy TownsleyDR STACY TOWNSLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike ThibideauMIKE THIBIDEAU
PRESIDENT & CEO
- Total calculated
- $198,496
- From this org
- $175,260
- From related orgs
- $0
- Other
- $23,236
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,000
- Bonus
- $3,360
- Other
- $3,900
- Deferred
- $5,192
- Nontaxable benefits
- $18,044
- Filer's total
- $198,496
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
WESTFIELD WASHINGTON SCHOOLS
$510,635
IDOE GRANT
-
CARMEL CLAY SCHOOL CORPORATION
$247,150
IDOE GRANT
-
HAMILTON SOUTHEASTERN SCHOOL DISTRICT
$247,051
IDOE GRANT
-
HAMILTON HEIGHTS SCHOOL CORPORATION
$156,936
IDOE GRANT
-
SHERIDAN COMMUNITY SCHOOLS
$151,835
IDOE GRANT
-
HAMILTON COUNTY AUDITOR
$65,000
INVESTABILITY GRANT
-
NOBLESVILLE SHOOL CORPORATION
$32,810
IDOE GRANT
-
$23,500
INVESTED GRANT
-
$12,583
INVESTED GRANT
-
INVESTED GRANT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513169349303651
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