Skip to content
Nonprofiteer
← MARION ECONOMIC DEVELOPMENT CORP

Form 990 for tax year 2025

Filed by MARION ECONOMIC DEVELOPMENT CORP.

Totals

Total revenue
$613,418
Total expenses
$539,504
Contributions and grants received
$601,418
Grants paid
$0
Program service revenue
$12,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$824,732
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$824,732
Program services expenses (Part IX)
$539,504
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$539,504

Program services were 100.0% 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.

  • 1b · Membership dues

    $426,972

  • 1e · Government grants (contributions)

    $140,000

  • 1f · All other contributions, gifts and grants

    $34,446

  • 2a · Program service revenue: MHC Services

    total $12,000 · related or exempt $6,000 · excluded $6,000

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $351,864 · program services $351,864

  • 9 · Other employee benefits

    total $16,779 · program services $16,779

  • 10 · Payroll taxes

    total $22,565 · program services $22,565

  • 11b · Fees: legal

    total $294 · program services $294

  • 11c · Fees: accounting

    total $2,747 · program services $2,747

  • 12 · Advertising and promotion

    total $36,755 · program services $36,755

  • 13 · Office expenses

    total $8,944 · program services $8,944

  • 16 · Occupancy

    total $77,517 · program services $77,517

  • 23 · Insurance

    total $16,779 · program services $16,779

  • 24a · Other expenses: merchant fees

    total $2,164 · program services $2,164

  • 24b · Other expenses: repairs

    total $3,096 · program services $3,096

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $95,885 · end of year $390,877

  • 4 · Accounts receivable

    beginning of year $43,995 · end of year $5,080

  • 7 · Other notes and loans receivable

    beginning of year $43,945

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

    $428,775

  • 10c · Land, buildings and equipment, net

    end of year $428,775

  • 27 · Net assets without donor restrictions

    beginning of year $183,825 · end of year $824,732

Mission and programs · 2025

Mission

To strengthen and enhance econonmic developement in marion

  • Facilitate relationships between existing businesses and the city of Marion

    Expenses $179,835 · Revenue $2,000

  • Community and educational outreach Establish Relationships with potential new businesses to move into Marion

    Expenses $179,834 · Revenue $2,000

  • Facilitate relationships between existing businesses and the city of Marion

  • Establish Relationships with potential new businesses to move into Marion

    Expenses $179,835 · Revenue $2,000

As filed on the 2025 return.

Listed in Part VII

  • Emily Kaiser

    Board Chair

    Total calculated
    $0
    Hours/week
    3

  • Kevin Hupp

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eric Schmitt

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian Gibbs

    Director

    Total calculated
    $0
    Hours/week
    2

  • Janelle Brouwer

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Rathje

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian Rosteck

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nicole Cavanah

    Director

    Total calculated
    $0
    Hours/week
    2

  • Isaiah Bobel

    Director

    Total calculated
    $0
    Hours/week
    2

  • Tom Brown

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nick Abouassaly

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jill Ackerman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Amy Kortmeyer

    Director

    Total calculated
    $0
    Hours/week
    2

  • Greg Smith

    Director

    Total calculated
    $0
    Hours/week
    2

  • Tyler McCarville

    Director

    Total calculated
    $0
    Hours/week
    2

  • Chad Pelley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kyle Martin

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ryan Waller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Neighbor

    Director

    Total calculated
    $0
    Hours/week
    3

  • Mark Seckman

    Predident

    Total calculated
    $0
    Hours/week
    45

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
28 July 2026
IRS schema version
2025v4.2
Source object
202632099349301473

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

The source document this was parsed from is served over the API, which is where bulk and document access live.