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Daviess County Economic Development Corporation

Not tax-deductible

Washington, IN501(c)(6)Since 1990EIN 35-1810212Revenue $550K in FY2025

On file with the IRSdcgc.orgPo Box 191, 47501-0191 · Washington, INTax-exempt since Oct 1991

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Expand Economic Development

$110K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 $18K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$110K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$550K
+43% vs prior year
Spent
$562K
Net assets
$483K
By yearFY2020–FY2025
Revenue
$550K
FY2025▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$305K
FY2021$351K
FY2022$260K
FY2023$416K
FY2024$384K
FY2025$550K
Expenses
$562K
FY2025▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$266K
FY2022$309K
FY2023$315K
FY2024$412K
FY2025$562K
Net assets
$483K
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$385K
FY2021$471K
FY2022$422K
FY2023$523K
FY2024$495K
FY2025$483K

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 Oct 1991.

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

Who runs it and what they're paid

5 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation
Robert Grewe
Executive Di
$110,000Pt VII · Sec A
$0Pt VII · Sec A
Aj Miles
Vice-Chair
$0Pt VII · Sec A
Mike Healy
Treasurer
$0Pt VII · Sec A
Matt Meredith
Secretary
$0Pt VII · Sec A
See Daviess County Economic Development Corporation executive salaries →

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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

Daviess County Economic Development Corporation is a business league or trade association based in Washington, IN, formed in 1990.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

To expand economic development in daviess county, indiana

Pt IX · col B

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 · 1 grant · $10K · 2024–2024
Discover Downtown WashingtonIN · FY2024$10,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$550K
Ln 12
Gifts and grantsLn 1h$361K
Fees for servicesLn 2g$172K
Investment incomeLn 3$17K
Money outPt IX
$562K
Ln 25
Owns and owesPt X
$483K
net assets · Ln 32
Cash and savingsLn 1–2$475K
Total assetsLn 16$484K
LiabilitiesLn 26$1K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$361K
Government grantsLn 1e$255K
Fees for servicesLn 2g$172K
Investment incomeLn 3$17K
Total revenueLn 12$550K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$452K
Cash and savings togetherLn 1–2$475K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$484K
LiabilitiesLn 26$1K
Net assetsLn 32$483K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$486K$475K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$496K$484K
LiabilitiesLn 26$902$1K
Net assetsLn 32$495K$483K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$299K
Pension plan contributionsLn 8$7K
Payroll taxesLn 10$23K
Accounting feesLn 11c$3K
Office expensesLn 13$14K
Depreciation, depletion and amortizationLn 22$508
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$203K
All other expensesLn 24e$11K
Total functional expensesLn 25$562K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $550K$562K−$12K$483K 990 PDF
FY2024 $384K$412K−$28K$495K 990 PDF
FY2023 $416K$315K$101K$523K 990 PDF
FY2022 $260K$309K−$49K$422K 990 PDF
FY2021 $351K$266K$85K$471K 990 PDF
FY2020 $305K$295K$10K$385K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $549,734 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $372,926$360,711
I-9 Program service revenue$171,566
I-10 Investment incomePrior year $11,309$17,457
I-11 Other revenue$0
I-12 Total revenuePrior year $384,235$549,734
I-13 Grants and similar amounts paidPrior year $10,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $267,777$329,162
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $134,512$232,529
I-18 Total expensesPrior year $412,289$561,691
I-19 Revenue less expensesPrior year −$28,054−$11,957
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $549,734 across 7 lines filed
VIII-1b Membership dues$91,750
VIII-1e Government grants$255,000
VIII-1f All other contributions, gifts and grants$13,961
VIII-1h Total contributions, gifts and grants$360,711
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171,566$171,566
VIII-3 Investment incomeRelated to mission $17,457$17,457
VIII-12 Total revenueRelated to mission $189,023$549,734
Part IX · Statement of functional expenses $561,691 across 9 lines filed
IX-7 Other salaries and wages$298,716
IX-8 Pension plan contributions$7,067
IX-10 Payroll taxes$23,379
IX-11c Accounting fees$3,340
IX-13 Office expenses$13,526
IX-22 Depreciation, depletion and amortization$508
IX-23 Insurance$1,656
IX-24 Other expenses (24a–d)$202,743
IX-24e All other expenses$10,756
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$561,691
Part X · Balance sheet $484,150 assets, 9 lines filed
Asset lines not itemized here account for $7,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $201,699$23,443
X-2 Savings and temporary cash investmentsStart of year $284,640$451,930
X-10c Land, buildings and equipment, netStart of year $2,286$1,777
X-16 Total assetsStart of year $495,625$484,150
X-17 Accounts payable and accrued expensesStart of year $902$1,384
X-26 Total liabilitiesStart of year $902$1,384
X-27 Net assets without donor restrictionsStart of year $494,723$482,766
X-32 Total net assets or fund balancesStart of year $494,723$482,766
X-33 Total liabilities and net assetsStart of year $495,625$484,150
Part XI · Reconciliation of net assets $482,766 net assets at year end
XI-1 Total revenue$549,734
XI-2 Total expenses$561,691
XI-3 Revenue less expenses−$11,957
XI-4 Net assets at start of year$494,723
XI-10 Net assets at end of year$482,766

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

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