Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
54 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
19 people listed on the 990; $94K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Frederick Kenney II | $103,264 | $99,896 | $104,444 | $99,254 | $93,840 | $92,207 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Nurtures businesses to launch, grow, and thrive in an innovative environment.
Questions for Addison County Economic Development Corporation
Your first name shows with your question. Addison County Economic Development Corporation answers here, for everyone.
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Community Services
Acedc provides direct services to businesses including advice, assistance, referrals, site selection and project management, and business expansion services, services to the general business community such as business workshops and training, networking, and advocating on behalf of businesses regionally, and on the state and federal…
Lending Services
Lending services include project finance planning and direct lending to businesses through an acedc revolving loan fund and a usda-financed intermediary relending program.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $420K | $564K |
| Land, buildings, equipmentLn 10c | $4K | $956 |
| Total assetsLn 16 | $1.1M | $1.2M |
| LiabilitiesLn 26 | $723K | $701K |
| Net assetsLn 32 | $389K | $449K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $107K | $75K | $32K | |
| Other salaries and wagesLn 7 | $101K | $30K | $71K | |
| Pension plan contributionsLn 8 | $3K | $2K | $873 | |
| Other employee benefitsLn 9 | $810 | $567 | $243 | |
| Payroll taxesLn 10 | $16K | $8K | $8K | |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $14K | $14K | ||
| Other fees for servicesLn 11g | $2K | $2K | ||
| Advertising and promotionLn 12 | $788 | $788 | ||
| Office expensesLn 13 | $12K | $9K | $3K | |
| Information technologyLn 14 | $9K | $8K | $1K | |
| OccupancyLn 16 | $17K | $12K | $5K | |
| TravelLn 17 | $137 | $137 | ||
| Conferences, conventions and meetingsLn 19 | $7K | $6K | $429 | |
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $3K | $2K | $413 | |
| Other expenses (24a–d)Ln 24 | $3K | $1K | $1K | |
| Total functional expensesLn 25 | $303K | $163K | $140K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $317K | $375K | −$58K | $262K | 990 PDF |
| FY2024 | $315K | $342K | −$27K | $320K | 990 PDF |
| FY2023 | $235K | $326K | −$91K | $347K | 990 PDF |
| FY2022 | $330K | $340K | −$10K | $439K | 990 PDF |
| FY2021 Viewing | $363K | $303K | $59K | $449K | 990 PDF |
| FY2020 | $300K | $395K | −$94K | $389K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $362,506 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $362,506 across 9 lines filed
Part IX · Statement of functional expenses $303,015 across 18 lines filed
Part X · Balance sheet $1,150,154 assets, 13 lines filed
Part XI · Reconciliation of net assets $448,816 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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