Anna Economic Development Corporation

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To identify and support opportunities that expand the city's business tax base and promote job growth in Anna.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2965496) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

What it does

1 program · $51K · in their own filed words · FY2025
01

To identify and support opportunities that expand the city's business tax base and promote job growth in Anna.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2965496) · Dispute this line
$51Kprogram expense

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, current with the IRS.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $956K a year · 82% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
1522.4 mo
of spending, in cash
1522.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $120K · 2022–2023
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$9K
0.1% of total assets
Liabilities are 0.1% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Audited financial statements
Yes
audited by an independent accountant
An independent accountant audited the financial statements.
Pt XII · Ln 2b
Total revenue
$386K
-25% vs prior year
Total expenses
$51K
To programs
99%
Net assets
$6.7M
By yearFY2020–FY2025
Revenue
$386K
FY2025▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$14K
FY2022$5.6M
FY2023$444K
FY2024$512K
FY2025$386K
Expenses
$51K
FY2025▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$167K
FY2021$86K
FY2022$85K
FY2023$786K
FY2024$61K
FY2025$51K
Net assets
$6.7M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$865K
FY2021$706K
FY2022$6.2M
FY2023$5.9M
FY2024$6.3M
FY2025$6.7M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $51K Management & general 1% · $668

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
President
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A
Secretary Start: 06/25
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A
Vice President
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A
Secretary End: 05/25
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A
Vice President End: 03/25
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A
Director End: 05/25
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A
Director Start: 06/25
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A
Director End: 05/25
Hours a week: 0.3 + 0.1 related
$0Pt VII · Sec A

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 15aNo

Updates and questions

Boosts city business and jobs by finding and backing growth opportunities.

Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.

Questions for Anna Economic Development Corporation

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · from the funders’ 2023 returns

Dated by each funder’s own filing year, which may not match this organization’s fiscal year.

Total grants received, 2022–2023from 1 funder$120K
Grants paid · 1 grant · $700K · 2022–2022
3 Nations BrewingFY2022$700,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$386K
Ln 12
Investment incomeLn 3$299K
Other incomeLn 4–11$87K
Money outPt IX
$51K
Ln 25
Programscol B$51K
Managementcol C$668
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$6.5M
Total assetsLn 16$6.7M
LiabilitiesLn 26$9K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$299K
Other incomeLn 4–11$87K
Total revenueLn 12$386K
Assets in detailPt X, end of year
CashLn 1$6.5M
Cash and savings togetherLn 1–2$6.5M
Land, buildings, equipmentLn 10c$142K
Total assetsLn 16$6.7M
LiabilitiesLn 26$9K
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5.9M$6.5M
Land, buildings, equipmentLn 10c$175K$142K
Total assetsLn 16$6.3M$6.7M
LiabilitiesLn 26$2K$9K
Net assetsLn 32$6.3M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$0$0
Legal feesLn 11b$6K$6K$77
Accounting feesLn 11c$10K$10K$134
Other fees for servicesLn 11g$250$247$3$0
OccupancyLn 16$2K$2K$29
Depreciation, depletion and amortizationLn 22$33K$32K$425
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$51K$51K$668$0

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Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 11, 2026 $386K$51K$335K$6.7M 990 PDF
FY2024Filed with the IRS Aug 15, 2025 $512K$61K$451K$6.3M 990 PDF
FY2023Filed with the IRS Nov 1, 2024 $444K$786K−$343K$5.9M 990 PDF
FY2022Filed with the IRS Aug 14, 2023 $5.6M$85K$5.5M$6.2M 990 PDF
FY2021Filed with the IRS Aug 15, 2022 $14K$86K−$72K$706K 990 PDF
FY2020Filed with the IRS Aug 13, 2021 $17K$167K−$150K$865K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments J · Pay O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $386,030 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $365,956$299,210
I-11 Other revenuePrior year $86,380$86,820
I-12 Total revenuePrior year $512,336$386,030
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $61,367$51,468
I-18 Total expensesPrior year $61,367$51,468
I-19 Revenue less expensesPrior year $450,969$334,562
Part III · Program service accomplishments 1 program, $50,800 spent
III-4a To identify and support opportunities that expand the city's business tax base and promote job growth in anna.$50,800
Part IV · Checklist of required schedules 7 of 49 answered Yes, no flags
IV-1 A 501(c)(3) charity (Schedule A)Yes
IV-2 Lists its large donors to the IRS (Schedule B)No
IV-3 Took part in a political campaignNo
IV-4 LobbiedNo
IV-5 Owes proxy tax on member duesNo
IV-6 Holds donor advised fundsNo
IV-7 Holds conservation easementsNo
IV-8 Holds art or historical collectionsNo
IV-9 Credit counseling or escrow accountsNo
IV-10 Holds endowment fundsNo
IV-11a Reports land, buildings and equipmentYes
IV-11b Reports investments in other securitiesNo
IV-11c Reports program-related investmentsNo
IV-11d Reports other assetsNo
IV-11e Reports other liabilitiesNo
IV-11f Uncertain tax positions footnoteYes
IV-12a Its own audited financial statementsNo
IV-12b In a group's audited financial statementsYes
IV-13 Runs a schoolNo
IV-14a Has an office, staff or agents outside the USNo
IV-14b Over $10,000 of activity outside the USNo
IV-15 Over $5,000 in grants to groups abroadNo
IV-16 Over $5,000 in aid to people abroadNo
IV-17 Over $15,000 to paid fundraisersNo
IV-18 Over $15,000 from fundraising eventsNo
IV-19 Over $15,000 from gamingNo
IV-20a Runs a hospitalNo
IV-21 Over $5,000 in grants to US groupsNo
IV-22 Over $5,000 in grants to US peopleNo
IV-23 Reports top pay in detail (Schedule J)Yes
IV-24a Over $100,000 in tax-exempt bondsNo
IV-25a Gave an insider an excess benefit this yearNo
IV-25b Found an excess benefit from a past yearNo
IV-26 Loan to or from an officer or insiderNo
IV-27 Grant to an insider or their familyNo
IV-28a Business deal with an officer or directorNo
IV-28b Business deal with an officer's familyNo
IV-28c Business deal with a firm an officer controlsNo
IV-29 Over $25,000 in noncash giftsNo
IV-30 Gifts of art or historical itemsNo
IV-31 Closed down or dissolvedNo
IV-32 Sold or gave away over 25% of its net assetsNo
IV-33 Owns a single-member companyNo
IV-34 Related to other organizations (Schedule R)Yes
IV-35a Controls another organizationNo
IV-35b Dealings with an organization it controlsNo
IV-36 Transfers to a related non-charityNo
IV-37 Activity through a partnershipNo
IV-38 Explains answers in Schedule OYes
Part V · Other IRS filings and tax compliance no flags
V-1a Forms 1099 filed0
V-1b Forms W-2G filed0
V-2a Employees on W-2 forms0
V-3a Over $1,000 of unrelated business incomeNo
V-4a Holds an account in a foreign countryNo
V-5a Party to a prohibited tax shelterNo
V-5b Knew another party was in a tax shelterNo
V-6a Raised gifts that are not tax deductibleNo
V-7a Gifts where the donor got something backNo
V-7c Sold donated property it had to reportNo
V-7e Took money to pay a donor's insuranceNo
V-7f Paid premiums on a donor's insuranceNo
V-14a Sold indoor tanningNo
V-15 Owes tax on pay over $1 millionNo
V-16 Owes the college endowment taxNo
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VII · Officers, directors and key employees 15 people listed, 0 paid by the organization
VII-1a Allison InestaDirector End: 05/25 · 0.3 hours a week$0
VII-1a Bernie ParkerEdc Director End: 07/25 · 30 hours a week$0
VII-1a Bruce NorwoodPresident · 0.3 hours a week$0
VII-1a Dwyke WilliamsSecretary Start: 06/25 · 0.3 hours a week$0
VII-1a Edward CulhamDirector Start: 06/25 · 0.3 hours a week$0
VII-1a Joseph GriffinEdc Director Start: 08/25 · 30 hours a week$0
VII-1a Kylee KellyDirector End: 05/25 · 0.3 hours a week$0
VII-1a Lamarr DillinghamDirector End: 05/25 · 0.3 hours a week$0
VII-1a Manjiner SinghVice President · 0.3 hours a week$0
VII-1a Michelle HawkinsSecretary End: 05/25 · 0.3 hours a week$0
VII-1a Nate PikeVice President End: 03/25 · 0.3 hours a week$0
VII-1a Noah NylanderDirector Start: 06/25 · 0.3 hours a week$0
VII-1a Regina LeachmanDirector Start: 06/25 · 0.3 hours a week$0
VII-1a Rocio GonzalezDirector Start: 03/25 · 0.3 hours a week$0
VII-1a Salena TittleEdc Manager · 30 hours a week$0
Part VIII · Statement of revenue $386,030 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $299,210$299,210
VIII-6 Net rental income or lossExcluded from tax $86,820$86,820
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $386,030$386,030
Part IX · Statement of functional expenses $51,468 across 7 lines filed
IX-4 Benefits paid to or for membersPrograms $0$0
IX-11b Legal feesPrograms $5,832 · Management $77$5,909
IX-11c Accounting feesPrograms $10,216 · Management $134$10,350
IX-11g Other fees for servicesPrograms $247 · Management $3 · Fundraising $0$250
IX-16 OccupancyPrograms $2,199 · Management $29$2,228
IX-22 Depreciation, depletion and amortizationPrograms $32,306 · Management $425$32,731
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $50,800 · Management $668 · Fundraising $0$51,468
Part X · Balance sheet $6,671,391 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $5,905,813$6,529,599
X-4 Accounts receivableStart of year $250,000$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $174,523$141,792
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $6,330,336$6,671,391
X-17 Accounts payable and accrued expensesStart of year $2,256$8,749
X-22 Loans from officers and insidersStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $2,256$8,749
X-27 Net assets without donor restrictionsStart of year $6,328,080$6,662,642
X-32 Total net assets or fund balancesStart of year $6,328,080$6,662,642
X-33 Total liabilities and net assetsStart of year $6,330,336$6,671,391
Part XI · Reconciliation of net assets $6,662,642 net assets at year end
XI-1 Total revenue$386,030
XI-2 Total expenses$51,468
XI-3 Revenue less expenses$334,562
XI-4 Net assets at start of year$6,328,080
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,662,642
Part XII · Financial statements and reporting Audited: Yes
XII-2b Financial statements audited by an independent accountantYes
Schedule O · Explanations 4 explanations
O-1 Part VI, line 7bYes, the decisions are approved by members of the boards and the city of anna council members.
O-2 Part VI, line 11bNo review was or will be conducted. The form 990 is reviewed by the staff and the city finance team.
O-3 Part VI, line 12cDirectors shall strictly adhere to the anna code of ethics, as adopted and as may be amended by the city council (the "ethics code"). In the event that a director is aware that he/she has a conflict of interest under applicable law or ethics code, with regard to any particular matter or vote coming before the board, the director shall bring the same to the attention of the board and shall abstain from discussion and voting thereon. Any director shall bring to the attention of the board any apparent conflict of interest or potential conflict of interest of any other director, in which case the board shall determine whether a true conflict of interest exists before any further discussion or vote shall be conducted regarding that particular matter. The director about whom a conflict of interest question has been raised shall refrain from voting with regard to the determination as to whether a true conflict exists.
O-4 Part VI, line 19The governing documents, conflict of interest policy, and financial statements are made available upon request.

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar: Anna Community Development Corporation · Jersey City Economic Development Corporation · Wilmington Economic Development Corporation · Nebraska Economic Development Corporation · South Bronx Overall Economic Development Corporation · Columbus Economic Development Corporation

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