Jay County Development Corporation FY2022 filing

Not tax-deductible

Portland, IN501(c)(4)Since 1985 EIN 35-1651883Revenue $419K in FY2022Latest return filed Aug 7, 2026

On file with the IRSjaycountydevelopment.orgPortland, INTax-exempt since Jan 1987

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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

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-1651883) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
77¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list 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
2 of 6
filings with a surplus
Average deficit $7K a year · 3% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 26% of spending
Pay to officers and key staff is 26% of spending.
Part VII, Section A
8.1 mo
of spending, in cash
8.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$68K
20% of total assets
Liabilities are 20% of assets.
Pt X · Ln 26
Independent board members
26
of 26 voting members
26 of 26 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$419K
+16% vs prior year
Spent
$337K
To programs
77%
Net assets
$272K
By yearFY2020–FY2025
Revenue
$419K
FY2022▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$278K
FY2021$363K
FY2022$419K
FY2023$218K
FY2024$89K
FY2025$224K
Expenses
$337K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$310K
FY2021$281K
FY2022$337K
FY2023$261K
FY2024$215K
FY2025$229K
Net assets
$272K
FY2022▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$109K
FY2021$191K
FY2022$272K
FY2023$230K
FY2024$104K
FY2025$98K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 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 Jan 1987.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $261K Management & general 23% · $77K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

26 people listed on the 990; $88K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$87,731Pt 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
Director
$0Pt VII · Sec A
Director
$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.

See Jay County 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 15aYes

Programs and updates

Attracts businesses to expand or relocate, creating local jobs.

Questions for Jay County Development Corporation

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1 program · $261K · in their own filed words · FY2022
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

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-1651883) · Dispute this line
$261Kprogram expense

Funders

Who pays for it.

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

Grants

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$419K
Ln 12
Gifts and grantsLn 1h$419K
Investment incomeLn 3$111
Money outPt IX
$337K
Ln 25
Programscol B$261K
Managementcol C$77K
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$341K
LiabilitiesLn 26$68K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$419K
Noncash giftsLn 1g$1K
Investment incomeLn 3$111
Total revenueLn 12$419K
Assets in detailPt X, end of year
CashLn 1$229K
Cash and savings togetherLn 1–2$229K
Pledges and grants receivableLn 3$75K
Accounts receivableLn 4$8
InvestmentsLn 11–13$34K
Other assetsLn 15$3K
Total assetsLn 16$341K
LiabilitiesLn 26$68K
Net assetsLn 32$272K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$159K$229K
InvestmentsLn 11–13$34K$34K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$194K$341K
LiabilitiesLn 26$3K$68K
Net assetsLn 32$191K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$88K$61K$26K
Other salaries and wagesLn 7$83K$53K$30K
Other employee benefitsLn 9$27K$18K$9K
Payroll taxesLn 10$11K$10K$1K
Accounting feesLn 11c$6K$4K$2K
Advertising and promotionLn 12$8K$8K
OccupancyLn 16$10K$7K$3K
TravelLn 17$5K$3K$1K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$94$94
InsuranceLn 23$2K$2K$653
Other expenses (24a–d)Ln 24$89K$87K$2K
All other expensesLn 24e$7K$6K$1K
Total functional expensesLn 25$337K$261K$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 7, 2026 $224K$229K−$5K$98K 990 PDF
FY2024Filed with the IRS Jul 7, 2025 $89K$215K−$126K$104K 990 PDF
FY2023Filed with the IRS Jul 17, 2024 $218K$261K−$43K$230K 990 PDF
FY2022 ViewingFiled with the IRS Jun 20, 2023 $419K$337K$82K$272K 990 PDF
FY2021Filed with the IRS May 25, 2022 $363K$281K$82K$191K 990 PDF
FY2020Filed with the IRS Jul 27, 2021 $278K$310K−$33K$109K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $419,309 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $362,850$419,198
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $167$111
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $363,017$419,309
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $190,804$208,915
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $90,215$128,485
I-18 Total expensesPrior year $281,019$337,400
I-19 Revenue less expensesPrior year $81,998$81,909
Part VI · Governance 26 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $419,309 across 5 lines filed
VIII-1f All other contributions, gifts and grants$419,198
VIII-1g Noncash contributions (included above)$1,200
VIII-1h Total contributions, gifts and grants$419,198
VIII-3 Investment incomeExcluded from tax $111$111
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $111$419,309
Part IX · Statement of functional expenses $337,400 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $61,412 · Management $26,319$87,731
IX-7 Other salaries and wagesPrograms $53,091 · Management $29,775$82,866
IX-9 Other employee benefitsPrograms $18,074 · Management $9,249$27,323
IX-10 Payroll taxesPrograms $9,785 · Management $1,210$10,995
IX-11c Accounting feesPrograms $3,924 · Management $1,682$5,606
IX-12 Advertising and promotionPrograms $8,386$8,386
IX-16 OccupancyPrograms $6,867 · Management $2,943$9,810
IX-17 TravelPrograms $3,248 · Management $1,392$4,640
IX-19 Conferences, conventions and meetingsPrograms $1,525$1,525
IX-20 InterestPrograms $94$94
IX-23 InsurancePrograms $1,525 · Management $653$2,178
IX-24 Other expenses (24a–d)Programs $86,613 · Management $2,492$89,105
IX-24e All other expensesPrograms $6,052 · Management $1,089$7,141
IX-25 Total functional expensesPrograms $260,596 · Management $76,804 · Fundraising $0$337,400
Part X · Balance sheet $340,652 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $159,345$228,796
X-3 Pledges and grants receivableStart of year $750$75,000
X-4 Accounts receivableStart of year $2$8
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $33,869$33,910
X-15 Other assetsStart of year $0$2,938
X-16 Total assetsStart of year $193,966$340,652
X-17 Accounts payable and accrued expenses$60,000
X-25 Other liabilitiesStart of year $3,125$8,230
X-26 Total liabilitiesStart of year $3,125$68,230
X-27 Net assets without donor restrictionsStart of year $147,123$183,201
X-28 Net assets with donor restrictionsStart of year $43,718$89,221
X-32 Total net assets or fund balancesStart of year $190,841$272,422
X-33 Total liabilities and net assetsStart of year $193,966$340,652
Part XI · Reconciliation of net assets $272,422 net assets at year end
XI-1 Total revenue$419,309
XI-2 Total expenses$337,400
XI-3 Revenue less expenses$81,909
XI-4 Net assets at start of year$190,841
XI-9 Other changes in net assets−$328
XI-10 Net assets at end of year$272,422

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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