Milton Area Industrial Development Association: Nonprofit Profile, Financials & Form 990 (EIN 23-6297518)

Revenue by fiscal year
FY2020	$20K
FY2021	$55K
FY2022	$35K
FY2023	$12K
FY2024	$20K
FY2025	$13K

Expenses by fiscal year
FY2020	$163K
FY2021	$164K
FY2022	$170K
FY2023	$100K
FY2024	$70K
FY2025	$9K

Net assets by fiscal year
FY2020	$1.2M
FY2021	$1.1M
FY2022	$833K
FY2023	$773K
FY2024	$730K
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

31 cents of each dollar spent went to programs.

31%

69%

Program services 31% · $3K Management & general 69% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Ashley Parrish

Treasurer

$0Pt VII · Sec A

See Milton Area Industrial Development Association executive salaries →

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

Programs and updates

Boosts the Milton area's economic, commercial, and industrial well-being.

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1 program · $3K · in their own filed words · FY2025

01

Promote industrial development in the community to create job opportunities.

$3Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$13K

Ln 12

Investment incomeLn 3$13K

Money outPt IX

$9K

Ln 25

Programscol B$3K

Managementcol C$6K

Owns and owesPt X

$0

net assets · Ln 32

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$13K

Gains on assetsLn 7$697

Total revenueLn 12$13K

Assets in detailPt X, end of year

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Total assetsLn 16	$730K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$730K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$135		$135
Accounting feesLn 11c	$2K		$2K
Other expenses (24a–d)Ln 24	$7K	$3K	$4K
Total functional expensesLn 25	$9K	$3K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 14, 2026	$13K	$9K	$4K	$0	990 PDF
FY2024Filed with the IRS May 15, 2025	$20K	$70K	−$50K	$730K	990 PDF
FY2023Filed with the IRS May 15, 2024	$12K	$100K	−$89K	$773K	990 PDF
FY2022Filed with the IRS Aug 17, 2023	$35K	$170K	−$135K	$833K	990 PDF
FY2021Filed with the IRS May 12, 2022	$55K	$164K	−$110K	$1.1M	990 PDF
FY2020Filed with the IRS Jul 14, 2021	$20K	$163K	−$143K	$1.2M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $13,077 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment incomePrior year $19,732$13,077

I-11 Other revenue$0

I-12 Total revenuePrior year $19,732$13,077

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $69,762$9,162

I-18 Total expensesPrior year $69,762$9,162

I-19 Revenue less expensesPrior year −$50,030$3,915

Part VI · Governance 1 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $13,077 across 3 lines filed

VIII-3 Investment incomeRelated to mission $12,380$12,380

VIII-7 Net gain or loss on sales of assetsRelated to mission $697$697

VIII-12 Total revenueRelated to mission $13,077$13,077

Part IX · Statement of functional expenses $9,162 across 3 lines filed

IX-11b Legal feesManagement $135$135

IX-11c Accounting feesManagement $2,500$2,500

IX-24 Other expenses (24a–d)Programs $2,800 · Management $3,727$6,527

IX-25 Total functional expensesPrograms $2,800 · Management $6,362 · Fundraising $0$9,162

Part X · Balance sheet $0 assets, 4 lines filed

X-16 Total assetsStart of year $730,114$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $730,114$0

X-33 Total liabilities and net assetsStart of year $730,114$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$13,077

XI-2 Total expenses$9,162

XI-3 Revenue less expenses$3,915

XI-4 Net assets at start of year$730,114

XI-5 Net unrealized gains (losses) on investments$23,932

XI-9 Other changes in net assets−$757,961

XI-10 Net assets at end of year$0

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

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