Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
40 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
13 people listed on the 990; $99K paid to officers and key staff.
Greg Hildebrand’s $99K as President/CEO is at the 71st percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Laura Walls | — | — | — | $103,313 | $104,160 | $808 |
| Jerry Chavez | — | — | — | — | — | $101,263 |
| Greg Hildebrand | $98,865 | $93,370 | $85,276 | $50,762 | — | — |
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 15aNo
Programs and updates
Attracts businesses and talent to boost Marshall County's economy.
Questions for Marshall County Economic Development Corporation
Your first name shows with your question. Marshall County Economic Development Corporation answers here, for everyone.
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Development and implementation of job creation strategies for marshall county, primarily through place based marketing and incentive coordination for new business attraction and on-site business visitation program for job retention
Development and implementation of job creation strategies for marshall county, primarily through entrepreneurship support and cultivation through counseling services and regional networking
To raise, administer, accept, and distribute funds in connection with activities related to the purposes of marshall county economic development corporation
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $565K | $537K |
| Land, buildings, equipmentLn 10c | $296K | $289K |
| Total assetsLn 16 | $7.6M | $874K |
| LiabilitiesLn 26 | $337K | $0 |
| Net assetsLn 32 | $7.2M | $874K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $103K | $51K | $51K | $0 |
| Other salaries and wagesLn 7 | $133K | $69K | $64K | $0 |
| Pension plan contributionsLn 8 | $7K | $4K | $3K | $0 |
| Other employee benefitsLn 9 | $43K | $22K | $21K | $0 |
| Payroll taxesLn 10 | $18K | $9K | $9K | $0 |
| Accounting feesLn 11c | $8K | $7K | $751 | $0 |
| Advertising and promotionLn 12 | $43K | $43K | $0 | $0 |
| Office expensesLn 13 | $11K | $10K | $1K | $0 |
| OccupancyLn 16 | $22K | $20K | $2K | $0 |
| TravelLn 17 | $6K | $6K | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $5K | $4K | $454 | $0 |
| InterestLn 20 | $203K | $0 | $203K | $0 |
| Depreciation, depletion and amortizationLn 22 | $7K | $0 | $7K | $0 |
| InsuranceLn 23 | $2K | $0 | $2K | $0 |
| Other expenses (24a–d)Ln 24 | $13K | $0 | $13K | $0 |
| All other expensesLn 24e | $12K | $10K | $2K | $0 |
| Total functional expensesLn 25 | $635K | $255K | $380K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $832K | $635K | $196K | $874K | 990 PDF |
| FY2024 | $621K | $622K | −$885 | $7.2M | 990 PDF |
| FY2023 | $680K | $554K | $126K | $7.5M | 990 PDF |
| FY2022 | $982K | $815K | $167K | $7.4M | 990 PDF |
| FY2021 | $4.3M | $1.2M | $3.1M | $7.2M | 990 PDF |
| FY2020 | $961K | $1.0M | −$52K | $3.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $831,635 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $831,635 across 7 lines filed
Part IX · Statement of functional expenses $635,413 across 16 lines filed
Part X · Balance sheet $874,458 assets, 10 lines filed
Part XI · Reconciliation of net assets $874,458 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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