White County Economic Development Organization INC

Tax-deductible

Monticello, IN501(c)(3)EIN 35-1645329

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To enhance the economy of White County by facilitating the growth and development of business and industry.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Run by 23 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $23K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$143K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$445K
+22% vs prior year
Spent
$413K
To programs
65%
Net assets
$472K
By yearFY2020–FY2025
Revenue
$445K
FY2025▲ +22%
Revenue by fiscal year
FY2020$318K
FY2021$341K
FY2022$323K
FY2023$351K
FY2024$365K
FY2025$445K
Expenses
$413K
FY2025▲ +9%
Expenses by fiscal year
FY2020$274K
FY2021$262K
FY2022$362K
FY2023$315K
FY2024$379K
FY2025$413K
Net assets
$472K
FY2025▲ +7%
Net assets by fiscal year
FY2020$378K
FY2021$457K
FY2022$418K
FY2023$455K
FY2024$441K
FY2025$472K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1986.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $269K Management & general 29% · $119K Fundraising 6% · $25K

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

27 people listed on the 990; $143K paid to officers and key staff.

Part VII, Section A · reportable compensation
$94,404Pt VII · Sec A
Adminstrativ
$48,635Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Randall Mitchell———$100,425$95,927$93,134
Randy Strasser$94,404$99,383$24,259———
Randy Mitchell——$72,928———
Debra Conover$48,635$48,339$44,921$37,599$35,690$37,743

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

Helps businesses and industries grow to boost the local economy.

Provided by the organization

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1 program · $269K · in their own filed words · FY2025
01

White county economic development organization, inc. Continually works to attract and maintain industry in white county indiana. In 2025, we made 77 business RETENTION/EXPANSION visits (110% of goal); received 83 leads (87% of goal); and experienced 12 business expansions or new businesses (150% of goal), resulting in 56,000,000 in new…

$269Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $100K · 2022–2022
Town of Monticello IndianaFY2022$60,000
Town of BrookstonFY2022$40,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$445K
Ln 12
Gifts and grantsLn 1h$429K
Investment incomeLn 3$16K
Money outPt IX
$413K
Ln 25
Programscol B$269K
Managementcol C$119K
Fundraisingcol D$25K
Owns and owesPt X
$472K
net assets · Ln 32
Cash and savingsLn 1–2$471K
Total assetsLn 16$472K
LiabilitiesLn 26$0
PeoplePt VI, VII
27
listed · VII A
PaidVII A2
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$429K
Government grantsLn 1e$374K
Investment incomeLn 3$16K
Total revenueLn 12$445K
Assets in detailPt X, end of year
CashLn 1$533
SavingsLn 2$470K
Cash and savings togetherLn 1–2$471K
Total assetsLn 16$472K
LiabilitiesLn 26$0
Net assetsLn 32$472K
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
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
LineStart FY25End FY25
Cash and savingsLn 1–2$439K$471K
Total assetsLn 16$441K$472K
LiabilitiesLn 26$0$0
Net assetsLn 32$441K$472K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$203K$115K$68K$20K
Other salaries and wagesLn 7$37K$22K$15K
Other employee benefitsLn 9$18K$11K$7K$195
Payroll taxesLn 10$14K$8K$5K$1K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$25K$21K$3K$649
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$10K$6K$4K$803
TravelLn 17$9K$5K$3K$706
Conferences, conventions and meetingsLn 19$7K$4K$3K$584
InsuranceLn 23$3K$1K$874$200
Other expenses (24a–d)Ln 24$78K$74K$3K$613
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$413K$269K$119K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $445K$413K$32K$472K 990 PDF
FY2024 $365K$379K−$14K$441K 990 PDF
FY2023 $351K$315K$37K$455K 990 PDF
FY2022 $323K$362K−$39K$418K 990 PDF
FY2021 $341K$262K$79K$457K 990 PDF
FY2020 $318K$274K$45K$378K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $445,308 across 5 lines filed
VIII-1e Government grants$373,629
VIII-1f All other contributions, gifts and grants$55,397
VIII-1h Total contributions, gifts and grants$429,026
VIII-3 Investment incomeExcluded from tax $16,282$16,282
VIII-12 Total revenueExcluded from tax $16,282$445,308
Part IX · Statement of functional expenses $413,414 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $114,720 · Management $67,607 · Fundraising $20,257$202,584
IX-7 Other salaries and wagesPrograms $22,246 · Management $14,830$37,076
IX-9 Other employee benefitsPrograms $10,578 · Management $6,873 · Fundraising $195$17,646
IX-10 Payroll taxesPrograms $7,897 · Management $4,849 · Fundraising $1,108$13,854
IX-11c Accounting feesManagement $3,032$3,032
IX-11g Other fees for servicesPrograms $21,482 · Management $2,839 · Fundraising $649$24,970
IX-12 Advertising and promotionPrograms $1,639$1,639
IX-13 Office expensesPrograms $5,783 · Management $3,505 · Fundraising $803$10,091
IX-17 TravelPrograms $5,032 · Management $3,090 · Fundraising $706$8,828
IX-19 Conferences, conventions and meetingsPrograms $4,264 · Management $2,544 · Fundraising $584$7,392
IX-23 InsurancePrograms $1,441 · Management $874 · Fundraising $200$2,515
IX-24 Other expenses (24a–d)Programs $74,397 · Management $2,678 · Fundraising $613$77,688
IX-24e All other expensesManagement $6,099$6,099
IX-25 Total functional expensesPrograms $269,479 · Management $118,820 · Fundraising $25,115$413,414
Part X · Balance sheet $472,407 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $9,105$533
X-2 Savings and temporary cash investmentsStart of year $429,909$470,374
X-14 Intangible assetsStart of year $1,500$1,500
X-16 Total assetsStart of year $440,514$472,407
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $440,514$472,408
X-32 Total net assets or fund balancesStart of year $440,514$472,408
X-33 Total liabilities and net assetsStart of year $440,514$472,408
Part XI · Reconciliation of net assets $472,407 net assets at year end
XI-1 Total revenue$445,308
XI-2 Total expenses$413,414
XI-3 Revenue less expenses$31,894
XI-4 Net assets at start of year$440,514
XI-10 Net assets at end of year$472,407

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

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