Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1985.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
31 people listed on the 990; $91K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Linda Jolly | — | — | — | $100,000 | $72,150 |
| Sarah L Hoefgen | $91,000 | $82,000 | $83,000 | $46,664 | — |
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 El Dorado 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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Stimulates economic opportunities to help the community thrive.
Questions for El Dorado INC
Your first name shows with your question. El Dorado INC answers here, for everyone.
Furthering community economic development, and promoting and assisting the growth, retention, and development of business concerns through increased employment, payroll, business volume, housing starts, and similar factors for the el dorado area and its environments
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-0990621) · Dispute this lineInvesting assets in el dorado, kansas, with the intention to sell property to a prospect or prospects interested in industrial development or other services
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-0990621) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $373K | $378K |
| Land, buildings, equipmentLn 10c | $84K | $84K |
| Total assetsLn 16 | $456K | $462K |
| LiabilitiesLn 26 | $3K | $3K |
| Net assetsLn 32 | $453K | $459K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $91K | |||
| Payroll taxesLn 10 | $6K | |||
| Accounting feesLn 11c | $2K | |||
| Other fees for servicesLn 11g | $12K | |||
| Advertising and promotionLn 12 | $42K | |||
| Office expensesLn 13 | $6K | |||
| Information technologyLn 14 | $418 | |||
| OccupancyLn 16 | $10K | |||
| Conferences, conventions and meetingsLn 19 | $1K | |||
| InsuranceLn 23 | $3K | |||
| Other expenses (24a–d)Ln 24 | $19K | |||
| Total functional expensesLn 25 | $193K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 10, 2025 | $200K | $193K | $6K | $459K | 990 PDF |
| FY2023Filed with the IRS Nov 5, 2024 | $149K | $195K | −$46K | $453K | 990 PDF |
| FY2022Filed with the IRS Nov 10, 2023 | $282K | $257K | $25K | $499K | 990 PDF |
| FY2021Filed with the IRS Jun 16, 2022 | $246K | $280K | −$34K | $474K | 990 PDF |
| FY2020Filed with the IRS Sep 21, 2021 | $282K | $261K | $21K | $508K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $199,647 revenue, 12 lines filed
Part VI · Governance 30 of 30 board members independent, 5 to look at
Part VIII · Statement of revenue $199,647 across 5 lines filed
Part IX · Statement of functional expenses $193,281 across 11 lines filed
Part X · Balance sheet $461,694 assets, 11 lines filed
Part XI · Reconciliation of net assets $459,067 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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