Marion County Development Partnership INC

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The mission of the Marion County Development Partnership is to provide a framework within which public and private resources can be utilized effectively to promote economic Development in Marion County.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 115 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

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
6 of 6
filings with a surplus
Average surplus $54K a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 48% of spending
Concern: pay to officers and key staff is 48% of spending; over 30%.
Pt VII · Sec A
25 mo
of spending, in cash
Looks good: 24.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$327K
-9% vs prior year
Spent
$312K
To programs
0%
Net assets
$673K
By yearFY2020–FY2025
Revenue
$327K
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$269K
FY2022$345K
FY2023$342K
FY2024$361K
FY2025$327K
Expenses
$312K
FY2025▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$140K
FY2021$189K
FY2022$280K
FY2023$281K
FY2024$344K
FY2025$312K
Net assets
$673K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$422K
FY2021$516K
FY2022$581K
FY2023$641K
FY2024$658K
FY2025$673K

From the FY2025 Form 990 (year ending September 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2004.

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

Who runs it and what they're paid

11 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$103,000Pt VII · Sec A
Vice Preside
$47,434Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Lori Watts’s $103K as Executive Di is at the 75th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2023FY2022FY2020
Lori Watts$103,000$87,750$64,875$4,324
Carolyn Burton$47,434$45,709$37,312$37,736

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 Marion County Development Partnership INC 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 15aNo

Programs and updates

Promotes economic development by uniting public and private resources.

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3 programs · in their own filed words · FY2024
01

The Economic Development Division of McDp Strives to

(1) identify and explore ways to meet the needs of local manufacturing, (2) facilitate the creation of jobs and attract capital to the area, and (3) formulates strategies to develop additional properties for economic growth. The chamber of commerce division of MCDP employs various means to support the business community of marion county.

Pt IX · col B
02

The chamber of commerce division of MCDP employs various means to support the business community of marion county. These include (1) maintaining positive and productive working relationships with all communitites in the county, (2) enhancing partnerships between business and school districts, (3) developing and marketing tourism…

Pt IX · col B
03

The planning partnership division of MCDP (1) collaborates with investment partners to achieve the overall goals and mission of the MCDP and fulfill the intent of the partner's agreements and contracts and (2) reviews applications, approves plans, and ensures compliance iwth residential subdivision regulation.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$327K
Ln 12
Gifts and grantsLn 1h$249K
Fees for servicesLn 2g$62K
Investment incomeLn 3$10K
Money outPt IX
$312K
Ln 25
Owns and owesPt X
$673K
net assets · Ln 32
Cash and savingsLn 1–2$648K
Total assetsLn 16$678K
LiabilitiesLn 26$5K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Government grantsLn 1e$232K
Fees for servicesLn 2g$62K
Investment incomeLn 3$10K
Other incomeLn 4–11$5K
Total revenueLn 12$327K
Assets in detailPt X, end of year
CashLn 1$426K
SavingsLn 2$222K
Cash and savings togetherLn 1–2$648K
Total assetsLn 16$678K
LiabilitiesLn 26$5K
Net assetsLn 32$673K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6115
Fiscal year endsHeaderSeptember
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$638K$648K
Total assetsLn 16$668K$678K
LiabilitiesLn 26$10K$5K
Net assetsLn 32$658K$673K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$150K
Other employee benefitsLn 9$5K
Payroll taxesLn 10$12K
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$251
Advertising and promotionLn 12$1K
Office expensesLn 13$852
OccupancyLn 16$9K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$62K
All other expensesLn 24e$57K
Total functional expensesLn 25$312K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $327K$312K$15K$673K 990 PDF
FY2024 $361K$344K$17K$658K 990 PDF
FY2023 $342K$281K$60K$641K 990 PDF
FY2022 $345K$280K$65K$581K 990 PDF
FY2021 $269K$189K$80K$516K 990 PDF
FY2020 $228K$140K$88K$422K 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 $326,770 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $275,929$249,000
I-9 Program service revenuePrior year $79,206$62,500
I-10 Investment incomePrior year $1,129$10,391
I-11 Other revenuePrior year $4,303$4,879
I-12 Total revenuePrior year $360,567$326,770
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $158,671$166,595
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $185,182$145,455
I-18 Total expensesPrior year $343,853$312,050
I-19 Revenue less expensesPrior year $16,714$14,720
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $326,770 across 7 lines filed
VIII-1e Government grants$232,000
VIII-1f All other contributions, gifts and grants$17,000
VIII-1h Total contributions, gifts and grants$249,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $62,050 · Excluded from tax $450$62,500
VIII-3 Investment incomeExcluded from tax $10,391$10,391
VIII-8 Net income from fundraising eventsExcluded from tax $4,879$4,879
VIII-12 Total revenueRelated to mission $62,050 · Excluded from tax $15,720$326,770
Part IX · Statement of functional expenses $312,050 across 11 lines filed
IX-7 Other salaries and wages$150,434
IX-9 Other employee benefits$4,513
IX-10 Payroll taxes$11,648
IX-11c Accounting fees$6,300
IX-11g Other fees for services$251
IX-12 Advertising and promotion$1,137
IX-13 Office expenses$852
IX-16 Occupancy$9,205
IX-23 Insurance$8,738
IX-24 Other expenses (24a–d)$61,675
IX-24e All other expenses$57,297
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$312,050
Part X · Balance sheet $678,254 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $416,153$426,194
X-2 Savings and temporary cash investmentsStart of year $221,730$222,077
X-4 Accounts receivableStart of year $29,088$28,583
X-9 Prepaid expenses and deferred chargesStart of year $1,400$1,400
X-16 Total assetsStart of year $668,371$678,254
X-17 Accounts payable and accrued expensesStart of year $10,237$5,400
X-26 Total liabilitiesStart of year $10,237$5,400
X-27 Net assets without donor restrictionsStart of year $658,134$672,854
X-32 Total net assets or fund balancesStart of year $658,134$672,854
X-33 Total liabilities and net assetsStart of year $668,371$678,254
Part XI · Reconciliation of net assets $672,854 net assets at year end
XI-1 Total revenue$326,770
XI-2 Total expenses$312,050
XI-3 Revenue less expenses$14,720
XI-4 Net assets at start of year$658,134
XI-10 Net assets at end of year$672,854

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

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