Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
54 people listed on the 990; $124K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jennifer Pearl | $123,751 | $118,801 | $112,361 | $104,937 | $111,772 |
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.
See Bloomington Economic Development Corporation executive salaries →Are you one of these people? Claim this org to confirm your role
Something off? The org can add a note here. Claim this org to fix it.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Drives job creation and business growth in Monroe County by recruiting new companies, supporting local entrepreneurs, and connecting businesses with government assistance programs.
Questions for Bloomington Economic Development Corporation
Your first name shows with your question. Bloomington Economic Development Corporation answers here, for everyone.
Know this organization? Claim it to add your story
The organization recruits new business development and facilitates the expansion of existing business in monroe county. The organization acts as an intermediary between local businesses and state and federal economic development assistance programs.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $583K | $517K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $630K | $628K |
| LiabilitiesLn 26 | $179K | $172K |
| Net assetsLn 32 | $451K | $457K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $133K | |||
| Other salaries and wagesLn 7 | $213K | |||
| Other employee benefitsLn 9 | $18K | |||
| Payroll taxesLn 10 | $26K | |||
| Accounting feesLn 11c | $22K | |||
| Other fees for servicesLn 11g | $6K | |||
| Advertising and promotionLn 12 | $14K | |||
| Office expensesLn 13 | $5K | |||
| Information technologyLn 14 | $14K | |||
| OccupancyLn 16 | $27K | |||
| TravelLn 17 | $5K | |||
| Conferences, conventions and meetingsLn 19 | $52K | |||
| InsuranceLn 23 | $4K | |||
| Other expenses (24a–d)Ln 24 | $43K | |||
| Total functional expensesLn 25 | $583K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $589K | $583K | $6K | $457K | 990 PDF |
| FY2023 | $563K | $584K | −$21K | $451K | 990 PDF |
| FY2022 | $591K | $557K | $34K | $471K | 990 PDF |
| FY2021 | $436K | $370K | $67K | $437K | 990 PDF |
| FY2020 | $454K | $394K | $60K | $371K | 990 PDF |
Want to add your own materials alongside these filings? Claim this org
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $588,758 revenue, 12 lines filed
Part VI · Governance 53 of 53 board members independent, 1 to look at
Part VIII · Statement of revenue $588,758 across 7 lines filed
Part IX · Statement of functional expenses $582,813 across 14 lines filed
Part X · Balance sheet $628,352 assets, 12 lines filed
Part XI · Reconciliation of net assets $456,547 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
If you ARE the filing organization, claim this org and add context
Made it to the end? Claim this organization