Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 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
55 people listed on the 990; $228K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Steve Witt | $142,190 | $179,048 | $168,440 | $162,736 | $162,037 |
| Claudia Tanoos | $86,191 | $83,277 | $80,332 | $78,117 | $78,417 |
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
Promotes business growth and attracts new industry to Terre Haute and Vigo County.
Questions for Terre Haute Area Economic Development Co
Your first name shows with your question. Terre Haute Area Economic Development Co answers here, for everyone.
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Overview of the Accomplishments of the Terre Haute Economic Development CorporationBelow are Highlights of the Terre Haute Economic Development Corporation's Activities for the 2024-2025 Fiscal Year*****ZINKPOWER Selects Vigo County for New $47 Million Hot-Dip Galvanizing FacilityWhat is corrosion?
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 | $626K | $857K |
| InvestmentsLn 11–13 | $99K | $98K |
| Land, buildings, equipmentLn 10c | $2K | $2K |
| Total assetsLn 16 | $919K | $1.0M |
| LiabilitiesLn 26 | $86K | $141K |
| Net assetsLn 32 | $833K | $864K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $347K | $312K | $35K | |
| Other salaries and wagesLn 7 | $143K | $128K | $14K | |
| Pension plan contributionsLn 8 | $11K | $10K | $1K | |
| Other employee benefitsLn 9 | $35K | $31K | $3K | |
| Payroll taxesLn 10 | $29K | $26K | $3K | |
| Accounting feesLn 11c | $20K | $20K | ||
| Office expensesLn 13 | $7K | $6K | $720 | |
| Information technologyLn 14 | $1K | $945 | $105 | |
| OccupancyLn 16 | $67K | $61K | $7K | |
| TravelLn 17 | $207 | $186 | $21 | |
| Conferences, conventions and meetingsLn 19 | $6K | $5K | $596 | |
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | $209 | |
| Other expenses (24a–d)Ln 24 | $105K | $103K | $2K | |
| Total functional expensesLn 25 | $773K | $687K | $86K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $804K | $773K | $31K | $864K | 990 PDF |
| FY2024 | $1.1M | $979K | $76K | $833K | 990 PDF |
| FY2023 | $822K | $819K | $3K | $757K | 990 PDF |
| FY2022 | $803K | $702K | $101K | $754K | 990 PDF |
| FY2021 | $855K | $766K | $89K | $653K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $803,805 revenue, 12 lines filed
Part VI · Governance 51 of 53 board members independent, 3 to look at
Part VIII · Statement of revenue $803,805 across 6 lines filed
Part IX · Statement of functional expenses $773,094 across 13 lines filed
Part X · Balance sheet $1,005,188 assets, 14 lines filed
Part XI · Reconciliation of net assets $863,902 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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