Totals
- Total revenue
- $257,173
- Total expenses
- $139,627
- Contributions and grants received
- $257,125
- Grants paid
- $55,000
- Program service revenue
- $0
- Investment income
- $48
- Other revenue
- $0
- Total assets, end of year
- $429,123
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $429,123
- Program services expenses (Part IX)
- $137,223
- Management and general expenses
- $2,404
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $137,223
Program services were 98.3% 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.
-
1f · All other contributions, gifts and grants
$257,125
-
3 · Investment income
total $48 · excluded $48
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $55,000 · program services $55,000
-
11c · Fees: accounting
total $2,230 · management and general $2,230
-
13 · Office expenses
total $87 · management and general $87
-
16 · Occupancy
total $982 · program services $982
-
19 · Conferences, conventions and meetings
total $87 · management and general $87
-
23 · Insurance
total $800 · program services $800
-
24a · Other expenses: PROGRAM EXPENSES
total $79,213 · program services $79,213
-
24b · Other expenses: BANK FEES
total $968 · program services $968
-
24c · Other expenses: MISC EXPENSES
total $260 · program services $260
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $45,506 · end of year $89,349
-
4 · Accounts receivable
beginning of year $228,400 · end of year $302,103
-
10a · Land, buildings and equipment: cost or other basis
$37,671
-
10c · Land, buildings and equipment, net
beginning of year $37,671 · end of year $37,671
-
27 · Net assets without donor restrictions
beginning of year $311,577 · end of year $429,123
Mission and programs · 2025
Mission
TO PROMOTE ECONOMIC GROWTH FOR THE CITY OF VERMILLION
-
WORK TOWARDS THE ORGANIZATIONS COMMUNITY BETTERMENT AND ECONOMIC DEVELOPMENT GOALS OF SUSTAINABLE BUSINESS DEVELOPMENT AND GREATER COMMUNITY AWARENESS THROUGH ITS PROGRAMS AND ECONOMIC DEVELOPMENT INITIATIVES
Expenses $137,223 · Grants $55,000
As filed on the 2025 return.
Listed in Part VII
-
ADAM CHANDLER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
GEOFFREY GREY-LOBE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL KENTON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
NICK OYEN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ROBIN SCHIRO
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
-
GENERAL
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 18 May 2026
- IRS schema version
- 2025v4.0
- Source object
- 202621529349300922
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