Redkey Economic Development INC

Redkey, INUnknown exempt organizationSince 1986EIN 35-1842048

To promote and aid in economic development for the town of redkey, indiana

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $41K a year · 87% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2131 mo
of spending, in cash
Looks good: 2130.6 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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88K
+167% vs prior year
Spent
$4K
To programs
100%
Net assets
$971K
By yearFY2021–FY2025
Revenue
$88K
FY2025▲ +167%
Revenue by fiscal year
FY2021$44K
FY2022$24K
FY2023$44K
FY2024$33K
FY2025$88K
Expenses
$4K
FY2025▲ +13%
Expenses by fiscal year
FY2021$6K
FY2022$3K
FY2023$12K
FY2024$3K
FY2025$4K
Net assets
$971K
FY2025▲ +10%
Net assets by fiscal year
FY2021$806K
FY2022$826K
FY2023$857K
FY2024$887K
FY2025$971K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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% · $4K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/ Treasurer
$0Pt VII · Sec A
See Redkey Economic Development INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Boosts Redkey, Indiana's economy through development initiatives.

Provided by the organization

This section is blank until Redkey Economic Development INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $4K of program spending, described in the organization's own filed words · FY2025.
01

To promote and aid in economic development of redkey, indiana

$4Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Gifts and grantsLn 1h$54K
Investment incomeLn 3$27K
Other incomeLn 4–11$7K
Money outPt IX
$4K
Ln 25
Programscol B$4K
Owns and owesPt X
$971K
net assets · Ln 32
Cash and savingsLn 1–2$698K
Total assetsLn 16$971K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Government grantsLn 1e$54K
Fees for servicesLn 2g$1K
Investment incomeLn 3$27K
Other incomeLn 4–11$7K
Total revenueLn 12$88K
Assets in detailPt X, end of year
CashLn 1$109K
SavingsLn 2$590K
Cash and savings togetherLn 1–2$698K
Land, buildings, equipmentLn 10c$122K
Total assetsLn 16$971K
LiabilitiesLn 26$0
Net assetsLn 32$971K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$664K$698K
Land, buildings, equipmentLn 10c$124K$122K
Total assetsLn 16$887K$971K
LiabilitiesLn 26$0$0
Net assetsLn 32$887K$971K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$358$358
Accounting feesLn 11c$730$730
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$4K$4K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $88K$4K$84K$971K 990 PDF
FY2024 $33K$3K$30K$887K 990 PDF
FY2023 $44K$12K$31K$857K 990 PDF
FY2022 $24K$3K$20K$826K 990 PDF
FY2021 $44K$6K$38K$806K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $88,279 across 6 lines filed
VIII-1e Government grants$53,657
VIII-1h Total contributions, gifts and grants$53,657
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $1,011$1,011
VIII-3 Investment incomeExcluded from tax $26,799$26,799
VIII-6 Net rental income or lossRelated to mission $6,812$6,812
VIII-12 Total revenueRelated to mission $6,812 · Unrelated business $0 · Excluded from tax $27,810$88,279
Part IX · Statement of functional expenses $3,934 across 4 lines filed
IX-11b Legal feesPrograms $358$358
IX-11c Accounting feesPrograms $730$730
IX-22 Depreciation, depletion and amortizationPrograms $1,667$1,667
IX-24 Other expenses (24a–d)Programs $1,179$1,179
IX-25 Total functional expensesPrograms $3,934 · Management $0 · Fundraising $0$3,934
Part X · Balance sheet $971,243 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $100,807$108,673
X-2 Savings and temporary cash investmentsStart of year $563,024$589,812
X-4 Accounts receivableStart of year $99,054$150,412
X-10c Land, buildings and equipment, netStart of year $124,013$122,346
X-16 Total assetsStart of year $886,898$971,243
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $886,898$971,243
X-32 Total net assets or fund balancesStart of year $886,898$971,243
X-33 Total liabilities and net assetsStart of year $886,898$971,243
Part XI · Reconciliation of net assets $971,243 net assets at year end
XI-1 Total revenue$88,279
XI-2 Total expenses$3,934
XI-3 Revenue less expenses$84,345
XI-4 Net assets at start of year$886,898
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$971,243

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

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.