Jay County Development Corporation

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EIN 35-1651883 Membership association Portland, IN
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$224K
FY2025▲ +152%
Expenses
$229K
FY2025▲ +7%

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Attracts businesses to expand or relocate, creating local jobs. For fiscal year 2025 it reported $224K in revenue, $229K in expenses, and $98K in net assets.Pt I

Founded
1985
Type
Membership association · Nonprofit
Location
Portland, IN
Website
www.jaycountydevelopment.org
Filings
6 on file (2020–2025)
Revenue
$224KFY2025
Expenses
$229K
Net assets
$98K
People
25
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Size
<$100K
What they do
Attracts businesses to expand or relocate, creating local jobs.
Leadership
Ceann Bales · Executive Director · $69K
Money in and out
$224K revenue, $229K expenses
Bottom line
-2% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A social-welfare organization or civic league. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. Dunkirk Industrial Development Corporation

2 distinct foundation funder(s) on file, $10K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

77% to programs

77% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↑ +152% vs prior year

Revenue band <$100K, +152% versus the prior filing year (up). See detail →

Membership & operating revenue · FY2025
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Operating surplus
-2%
revenue over expenses▲ +98% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
68%
of spending is salaries & benefits▼ -14% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$112K
FY2025▼ -4%
Total liabilities
$13K
FY2025-0.4%
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CJay County Development Corporation
EINHdr · item D35-1651883
Principal addressHdr · item CPortland, IN
WebsiteHdr · item Jwww.jaycountydevelopment.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$69,058Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Travis Richards—$93,000$87,731$85,176$81,900
Ceann Bales$69,058————

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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Mission & Programs · Part III

Where the work happens

1 program service account for $176K of program spending, described in the organization's own filed words · FY2025.
01

Encourage business to originate, expand current facilities, or relocate to areas within jay county, indiana, in order to expand job opportunities of the residents of jay county, indiana

$176Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$224K
Investment income$52
Other revenue$375
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$176K
Management & general23%$53K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$112K
Total liabilitiesLn 26$13K
Total net assetsLn 32$98K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses (Pt IX) $229K · Less non-cash grants $1K · Cash operating expenses/yr $228K
5.3 months
Where the money goes
Program services
Program services $176K · Total expenses $229K
77%
Management & General
Management & general $53K · Total expenses $229K
23%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $176K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $224K · Total revenue $224K
100%
Government reliance
Government grants — · Total revenue $224K
—
Earned-income share
Program service revenue $0 · Total revenue $224K
0%
Investment reliance
Investment income $52 · Total revenue $224K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $229K
0%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $89K
+152%
Revenue CAGR
FY2020 $278K · FY2025 $224K
-4%
Net-asset trend (YoY)
End of year $98K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $229K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
—
Net-asset ratio
Net assets $98K · Total assets $112K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $112K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ceann Bales · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $69K · Total expenses $229K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $155K · Total expenses $229K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Revenue growth 152%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$224K revenue · viewing · ⤓ 990 PDF
FY2024$89K revenue · ⤓ 990 PDF
FY2023$218K revenue · ⤓ 990 PDF
FY2022$419K revenue · ⤓ 990 PDF
FY2021$363K revenue · ⤓ 990 PDF
FY2020$278K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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