Hamilton County Economic Development Corporation

Carmel, IN501(c)(4)EIN 35-1897300Revenue $2.1M in FY2024

On file with the IRSinvesthamiltoncounty.com37 E Main Street, 46032-1927 · Carmel, INTax-exempt since 0000

Tell your story. Claim this org

Mission: coordinate and deliver innovative solutions and services to attract and retain workforce talent for current and future needs. Vision: become indiana's leader in workforce Development, attraction, retention and connection.

95¢ of each $1 spent went to programs.
$175K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $19K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$175K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+4% vs prior year
Spent
$2.2M
To programs
95%
Net assets
$371K
By yearFY2020–FY2024
Revenue
$2.1M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$299K
FY2021$389K
FY2022$694K
FY2023$2.0M
FY2024$2.1M
Expenses
$2.2M
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$275K
FY2021$383K
FY2022$593K
FY2023$1.8M
FY2024$2.2M
Net assets
$371K
FY2024▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020$300K
FY2021$307K
FY2022$408K
FY2023$564K
FY2024$371K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in 0000.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $2.1M Management & general 5% · $108K

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

Something off? Claim to fix it

Who runs it and what they're paid

14 people listed on the 990; $175K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$175,260Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Sec/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Mike Thibideau$175,260$131,220

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 Hamilton County Economic Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Develops and delivers solutions to attract and keep workers for today and tomorrow.

Questions for Hamilton County Economic Development Corporation

Tap to ask. Hamilton County Economic Development Corporation sees how many people are interested.

Your first name shows with your question. Hamilton County Economic Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $2.1M · in their own filed words · FY2024
01

The Pursuit Institute Career and Technical Education Lea

Hcedc supervised the creation and accrediation of a new career and technical education (cte) district for the six school districts within hamilton county, and RECEIVED/MANAGED several large grants with those districts and the lea to expand cte enrollment and capacity across the county.

$1.8Mprogram expense
02

Invested

The invested program is centered around facilitating career exploration and work-based-learning activities for students in all six local school corporations in hamilton county. By centralizing employer connectivity, in collaboration with four local chambers of commerce, and prioritizing relationship management with employers, invested…

$227Kprogram expense
03

Investability

Expanding career awareness and work-based-learning opportunities for individuals with disabilities.

$162Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$100K
Grants paid · 19 grants · $2.5M · 2023–2024
Westfield Washington SchoolsFY2024$510,635
Carmel Clay School CorporationFY2024$247,150
Hamilton Southeastern School DistrictFY2024$247,051
Hamilton Heights School CorporationFY2024$156,936
Sheridan Community SchoolsFY2024$151,835
Individual RecipientFY2024$65,000
Noblesville Shool CorporationFY2024$32,810
Onezone ChamberIN · FY2024$23,500
Noblesville Shool CorporationFY2023$266,978
TranseoFY2023$224,100
Hamilton Southeastern School DistrictFY2023$128,839
Westfield Washington SchoolsFY2023$108,958
Carmel Clay School CorporationFY2023$91,730
Hamilton Heights School CorporationFY2023$86,801
Sheridan Community SchoolsFY2023$81,906
See all 19 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$178K
Investment incomeLn 3$18K
Money outPt IX
$2.2M
Ln 25
Programscol B$2.1M
Managementcol C$108K
Owns and owesPt X
$371K
net assets · Ln 32
Cash and savingsLn 1–2$371K
Total assetsLn 16$371K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$178K
Investment incomeLn 3$18K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
SavingsLn 2$371K
Cash and savings togetherLn 1–2$371K
Total assetsLn 16$371K
LiabilitiesLn 26$0
Net assetsLn 32$371K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$564K$371K
Total assetsLn 16$564K$371K
LiabilitiesLn 26$0$0
Net assetsLn 32$564K$371K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$198K$179K$20K
Other salaries and wagesLn 7$144K$129K$14K
Other fees for servicesLn 11g$317K$250K$67K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$12K$6K$6K
Information technologyLn 14$53K$53K
TravelLn 17$17K$16K$835
Other expenses (24a–d)Ln 24$40K$40K
Total functional expensesLn 25$2.2M$2.1M$108K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1M$2.2M−$193K$371K 990 PDF
FY2023 $2.0M$1.8M$155K$564K 990 PDF
FY2022 $694K$593K$102K$408K 990 PDF
FY2021 $389K$383K$7K$307K 990 PDF
FY2020 $299K$275K$25K$300K 990 PDF

More to add? 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 FY2024 990 (6 parts)
Part I · Summary $2,057,355 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,679,212$1,861,731
I-9 Program service revenuePrior year $290,977$177,870
I-10 Investment incomePrior year $8,494$17,754
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,978,683$2,057,355
I-13 Grants and similar amounts paidPrior year $1,072,311$1,467,751
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $488,868$342,202
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $262,038$439,936
I-18 Total expensesPrior year $1,823,217$2,249,889
I-19 Revenue less expensesPrior year $155,466−$192,534
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,057,355 across 6 lines filed
VIII-1e Government grants$1,861,506
VIII-1f All other contributions, gifts and grants$225
VIII-1h Total contributions, gifts and grants$1,861,731
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $177,870$177,870
VIII-3 Investment incomeExcluded from tax $17,754$17,754
VIII-12 Total revenueRelated to mission $177,870 · Unrelated business $0 · Excluded from tax $17,754$2,057,355
Part IX · Statement of functional expenses $2,249,889 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,467,751$1,467,751
IX-5 Pay of current officers, directors and key staffPrograms $178,647 · Management $19,849$198,496
IX-7 Other salaries and wagesPrograms $129,335 · Management $14,371$143,706
IX-11g Other fees for servicesPrograms $250,448 · Management $66,575$317,023
IX-12 Advertising and promotionPrograms $1,678$1,678
IX-13 Office expensesPrograms $5,977 · Management $5,977$11,954
IX-14 Information technologyPrograms $52,676$52,676
IX-17 TravelPrograms $15,872 · Management $835$16,707
IX-24 Other expenses (24a–d)Programs $39,898$39,898
IX-25 Total functional expensesPrograms $2,142,282 · Management $107,607 · Fundraising $0$2,249,889
Part X · Balance sheet $371,378 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $563,912$371,378
X-16 Total assetsStart of year $563,912$371,378
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $400,762$248,288
X-28 Net assets with donor restrictionsStart of year $163,150$123,090
X-32 Total net assets or fund balancesStart of year $563,912$371,378
X-33 Total liabilities and net assetsStart of year $563,912$371,378
Part XI · Reconciliation of net assets $371,378 net assets at year end
XI-1 Total revenue$2,057,355
XI-2 Total expenses$2,249,889
XI-3 Revenue less expenses−$192,534
XI-4 Net assets at start of year$563,912
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$371,378

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

Similar organizations you could support · 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.

Your org? Add context

Made it to the end? Claim this org

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.