Jasper County Economic Development Organization INC FY2024 filing

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To further Economic Development

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3 of 6
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $59K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$188K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$421K
+29% vs prior year
Spent
$395K
To programs
100%
Net assets
$256K
By yearFY2020–FY2025
Revenue
$421K
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$230K
FY2021$281K
FY2022$289K
FY2023$326K
FY2024$421K
FY2025$537K
Expenses
$395K
FY2024▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$252K
FY2021$331K
FY2022$290K
FY2023$288K
FY2024$395K
FY2025$465K
Net assets
$256K
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$187K
FY2021$140K
FY2022$179K
FY2023$222K
FY2024$256K
FY2025$299K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 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 Nov 1986.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $395K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President/Ch
$0Pt VII · Sec A
See Jasper County Economic Development Organization INC 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 15aNo

Programs and updates

Promotes economic growth and opportunity for communities.

Questions for Jasper County Economic Development Organization INC

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1 program · $230K · in their own filed words · FY2023
01

The purpose of the foundation is to bring new employers into the state of indiana for jasper county.

$230Kprogram 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
Windward FundFY2024$29K
Total grants receivedfrom 2 funders$59K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$421K
Ln 12
Gifts and grantsLn 1h$348K
Fees for servicesLn 2g$72K
Investment incomeLn 3$662
Money outPt IX
$395K
Ln 25
Programscol B$395K
Owns and owesPt X
$256K
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$444K
LiabilitiesLn 26$188K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$348K
Government grantsLn 1e$187K
Fees for servicesLn 2g$72K
Investment incomeLn 3$662
Total revenueLn 12$421K
Assets in detailPt X, end of year
CashLn 1$174K
Cash and savings togetherLn 1–2$174K
Land, buildings, equipmentLn 10c$257K
Intangible assetsLn 14$13K
Total assetsLn 16$444K
LiabilitiesLn 26$188K
Net assetsLn 32$256K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$147K$174K
Land, buildings, equipmentLn 10c$264K$257K
Total assetsLn 16$425K$444K
LiabilitiesLn 26$204K$188K
Net assetsLn 32$222K$256K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$145K$145K
Pension plan contributionsLn 8$1K$1K
Payroll taxesLn 10$12K$12K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$17K$17K
Other expenses (24a–d)Ln 24$189K$189K
All other expensesLn 24e$29K$29K
Total functional expensesLn 25$395K$395K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $537K$465K$73K$299K 990 PDF
FY2024 ViewingFiled with the IRS Nov 7, 2024 $421K$395K$26K$256K 990 PDF
FY2023Filed with the IRS Nov 14, 2023 $326K$288K$38K$222K 990 PDF
FY2022Filed with the IRS Nov 1, 2022 $289K$290K−$1K$179K 990 PDF
FY2021Filed with the IRS May 6, 2022 $281K$331K−$50K$140K 990 PDF
FY2020Filed with the IRS May 12, 2021 $230K$252K−$22K$187K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $420,725 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,191$347,913
I-9 Program service revenuePrior year $64,650$72,150
I-10 Investment incomePrior year $248$662
I-11 Other revenue$0
I-12 Total revenuePrior year $326,089$420,725
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $175,317$158,620
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $112,594$236,594
I-18 Total expensesPrior year $287,911$395,214
I-19 Revenue less expensesPrior year $38,178$25,511
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $420,725 across 6 lines filed
VIII-1e Government grants$187,000
VIII-1f All other contributions, gifts and grants$160,913
VIII-1h Total contributions, gifts and grants$347,913
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,750 · Excluded from tax $11,400$72,150
VIII-3 Investment incomeRelated to mission $662$662
VIII-12 Total revenueRelated to mission $61,412 · Excluded from tax $11,400$420,725
Part IX · Statement of functional expenses $395,214 across 7 lines filed
IX-7 Other salaries and wagesPrograms $145,016$145,016
IX-8 Pension plan contributionsPrograms $1,154$1,154
IX-10 Payroll taxesPrograms $12,450$12,450
IX-17 TravelPrograms $1,628$1,628
IX-22 Depreciation, depletion and amortizationPrograms $17,151$17,151
IX-24 Other expenses (24a–d)Programs $189,180$189,180
IX-24e All other expensesPrograms $28,635$28,635
IX-25 Total functional expensesPrograms $395,214 · Management $0 · Fundraising $0$395,214
Part X · Balance sheet $443,795 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $146,567$173,696
X-10c Land, buildings and equipment, netStart of year $264,200$256,839
X-14 Intangible assetsStart of year $14,430$13,260
X-16 Total assetsStart of year $425,197$443,795
X-25 Other liabilitiesStart of year $203,562$188,029
X-26 Total liabilitiesStart of year $203,562$188,029
X-27 Net assets without donor restrictionsStart of year $221,635$255,766
X-32 Total net assets or fund balancesStart of year $221,635$255,766
X-33 Total liabilities and net assetsStart of year $425,197$443,795
Part XI · Reconciliation of net assets $255,766 net assets at year end
XI-1 Total revenue$420,725
XI-2 Total expenses$395,214
XI-3 Revenue less expenses$25,511
XI-4 Net assets at start of year$221,635
XI-9 Other changes in net assets$8,620
XI-10 Net assets at end of year$255,766

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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