Hamilton Economic Development Corporation FY2020 filing

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Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0955965) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $2K a year · 0.8% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
2.8 mo
of spending, in cash
2.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $129K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$18K
15% of total assets
Liabilities are 15% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$546K
Spent
$484K
To programs
91%
Net assets
$100K
By yearFY2020–FY2025
Revenue
$546K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$546K
FY2021$101K
FY2022$106K
FY2023$94K
FY2024$147K
FY2025$121K
Expenses
$484K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$484K
FY2021$121K
FY2022$125K
FY2023Not on file
FY2024Not on file
FY2025$137K
Net assets
$100K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$100K
FY2021$81K
FY2022$62K
FY2023$41K
FY2024$49K
FY2025$33K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $442K Management & general 4% · $21K Fundraising 4% · $21K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hamilton Economic Development Corporation 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 local economies through community initiatives and business support.

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1 program · $442K · in their own filed words · FY2020
01

Coordinate and promote general economic development in the hamilton community; assist the city and county government with local economic development.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0955965) · Dispute this line
$442Kprogram expense

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 · FY2024
Total grants receivedfrom 2 funders$129K
Grants paid · 14 grants · $194K · 2020–2020
Tano BistroFY2020$35,000
Dst Hamilton LLCFY2020$27,300
Municipal Brew Works LLCFY2020$20,300
Hops & Dreams LLCFY2020$17,800
Neal's International Foods LLCFY2020$12,000
Ciong LLCFY2020$11,500
Jamm Enterprises LLCFY2020$10,000
Hyde's Restaurant LLCFY2020$10,000
West Side Pizza LLCFY2020$10,000
The Almond Sisters LLCFY2020$10,000
The Drink TavernFY2020$9,500
Roll on in LLCFY2020$7,500
Lghg Public House LLCFY2020$7,500
True West Coffee Downtown LLCFY2020$6,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$546K
Ln 12
Gifts and grantsLn 1h$468K
Other incomeLn 4–11$77K
Investment incomeLn 3$7
Money outPt IX
$484K
Ln 25
Programscol B$442K
Managementcol C$21K
Fundraisingcol D$21K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$114K
Total assetsLn 16$118K
LiabilitiesLn 26$18K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$468K
Government grantsLn 1e$365K
Investment incomeLn 3$7
Other incomeLn 4–11$77K
Total revenueLn 12$546K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$114K
Notes and loans receivableLn 7$4K
Total assetsLn 16$118K
LiabilitiesLn 26$18K
Net assetsLn 32$100K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$39K$114K
Total assetsLn 16$39K$118K
LiabilitiesLn 26$0$18K
Net assetsLn 32$39K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$333K$333K
Accounting feesLn 11c$801$801
Other fees for servicesLn 11g$72K$62K$10K
OccupancyLn 16$754$754
Conferences, conventions and meetingsLn 19$98$98
InsuranceLn 23$700$700
Other expenses (24a–d)Ln 24$75K$45K$9K$21K
All other expensesLn 24e$2K$1K$275
Total functional expensesLn 25$484K$442K$21K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 20, 2026 $121K$137K−$16K$33K 990 PDF
FY2024Filed with the IRS Aug 12, 2025 $147K$49K 990 PDF
FY2023Filed with the IRS Oct 28, 2024 $94K$41K 990 PDF
FY2022Filed with the IRS Sep 25, 2023 $106K$125K−$19K$62K 990 PDF
FY2021Filed with the IRS Sep 2, 2022 $101K$121K−$19K$81K 990 PDF
FY2020 ViewingFiled with the IRS Nov 9, 2021 $546K$484K$62K$100K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $545,527 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $81,222$468,397
I-9 Program service revenue$0
I-10 Investment incomePrior year $12$7
I-11 Other revenuePrior year $17,718$77,123
I-12 Total revenuePrior year $98,952$545,527
I-13 Grants and similar amounts paid$333,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $95,788$151,011
I-18 Total expensesPrior year $95,788$484,011
I-19 Revenue less expensesPrior year $3,164$61,516
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $545,527 across 6 lines filed
VIII-1e Government grants$365,000
VIII-1f All other contributions, gifts and grants$103,397
VIII-1h Total contributions, gifts and grants$468,397
VIII-3 Investment incomeExcluded from tax $7$7
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $77,123$77,123
VIII-12 Total revenueRelated to mission $77,123 · Excluded from tax $7$545,527
Part IX · Statement of functional expenses $484,011 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $333,000$333,000
IX-11c Accounting feesManagement $801$801
IX-11g Other fees for servicesPrograms $62,315 · Management $9,657$71,972
IX-16 OccupancyManagement $754$754
IX-19 Conferences, conventions and meetingsManagement $98$98
IX-23 InsuranceManagement $700$700
IX-24 Other expenses (24a–d)Programs $45,000 · Management $9,200 · Fundraising $20,813$75,013
IX-24e All other expensesPrograms $1,398 · Management $275$1,673
IX-25 Total functional expensesPrograms $441,713 · Management $21,485 · Fundraising $20,813$484,011
Part X · Balance sheet $117,966 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $31,583$107,167
X-2 Savings and temporary cash investmentsStart of year $7,293$6,799
X-7 Notes and loans receivable$4,000
X-16 Total assetsStart of year $38,876$117,966
X-17 Accounts payable and accrued expenses$17,574
X-26 Total liabilitiesStart of year $0$17,574
X-27 Net assets without donor restrictionsStart of year $38,876$100,392
X-32 Total net assets or fund balancesStart of year $38,876$100,392
X-33 Total liabilities and net assetsStart of year $38,876$117,966
Part XI · Reconciliation of net assets $100,392 net assets at year end
XI-1 Total revenue$545,527
XI-2 Total expenses$484,011
XI-3 Revenue less expenses$61,516
XI-4 Net assets at start of year$38,876
XI-10 Net assets at end of year$100,392

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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