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Nonprofiteer
← HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION

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 Thompson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Christine Altman

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Chuck Haberman

    BOARD SEC/TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Mark Labarr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Rachel Kartz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Andy Theisz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sue Maki

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Angela Acrey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Beresford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Danielle Carey Tolan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Shelley Walters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jack Russell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Stacy Townsley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Mike 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

  • INVESTED GRANT

  • 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

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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