Evansville Brownfields Corp: Nonprofit Profile, Financials & Form 990 (EIN 74-3092398)

Revenue by fiscal year
FY2020	−$7K
FY2021	−$231K
FY2022	$66K
FY2023	$13K
FY2024	−$766
FY2025	$11K

Expenses by fiscal year
FY2020	$24K
FY2021	$22K
FY2022	$22K
FY2023	$30K
FY2024	$14K
FY2025	$22K

Net assets by fiscal year
FY2020	$530K
FY2021	$277K
FY2022	$321K
FY2023	$304K
FY2024	$289K
FY2025	$287K

Is it real?

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

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

Where the money goes

85 cents of each dollar spent went to programs.

85%

15%

Program services 85% · $19K Management & general 15% · $3K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation

Joshua Armstrong

Vice-Preside

$0Pt VII · Sec A

Zac Heronemus

President

$0Pt VII · Sec A

Marcus Hester

Director

$0Pt VII · Sec A

Kolbi Jackson

Director

$0Pt VII · Sec A

Zac Rascher

Director

$0Pt VII · Sec A

Sarah Schuler

Director

$0Pt VII · Sec A

Lloyd Winnecke

Director

$0Pt VII · Sec A

Jessica Keown

Secretary/Tr

$0Pt VII · Sec A

See Evansville Brownfields Corp 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps local governments revitalize neighborhoods.

Questions for Evansville Brownfields Corp

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1 program · $19K · in their own filed words · FY2025

01

During 2025 the Following Transaction Occured

Evansville brownfields corporation disposed of 3 properties. There were 10 properties held for sale as of december 31, 2025.

$19Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$11K

Ln 12

Investment incomeLn 3$11K

Money outPt IX

$22K

Ln 25

Programscol B$19K

Managementcol C$3K

Owns and owesPt X

$287K

net assets · Ln 32

Cash and savingsLn 1–2$243K

Total assetsLn 16$26.2M

LiabilitiesLn 26$25.9M

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$11K

Gains on assetsLn 7$11K

Total revenueLn 12$11K

Assets in detailPt X, end of year

CashLn 1$243K

Cash and savings togetherLn 1–2$243K

Inventories for sale or useLn 8$46K

Intangible assetsLn 14$558

Other assetsLn 15$25.9M

Total assetsLn 16$26.2M

LiabilitiesLn 26$25.9M

Net assetsLn 32$287K

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$245K	$243K
Total assetsLn 16	$26.2M	$26.2M
LiabilitiesLn 26	$25.9M	$25.9M
Net assetsLn 32	$289K	$287K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$6K	$6K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$1K		$1K
InsuranceLn 23	$5K	$5K
Other expenses (24a–d)Ln 24	$8K	$8K
All other expensesLn 24e	$76	$76
Total functional expensesLn 25	$22K	$19K	$3K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Mar 5, 2026	$11K	$22K	−$11K	$287K	990 PDF
FY2024Filed with the IRS Mar 12, 2025	−$766	$14K	−$15K	$289K	990 PDF
FY2023Filed with the IRS Mar 12, 2024	$13K	$30K	−$17K	$304K	990 PDF
FY2022Filed with the IRS Mar 8, 2023	$66K	$22K	$44K	$321K	990 PDF
FY2021Filed with the IRS Feb 23, 2022	−$231K	$22K	−$253K	$277K	990 PDF
FY2020Filed with the IRS Mar 3, 2021	−$7K	$24K	−$31K	$530K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $11,000 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment incomePrior year −$4,851$11,000

I-11 Other revenuePrior year $4,085$0

I-12 Total revenuePrior year −$766$11,000

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,084$5,925

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $12,895$16,027

I-18 Total expensesPrior year $13,979$21,952

I-19 Revenue less expensesPrior year −$14,745−$10,952

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $11,000 across 2 lines filed

VIII-7 Net gain or loss on sales of assetsRelated to mission $11,000$11,000

VIII-12 Total revenueRelated to mission $11,000$11,000

Part IX · Statement of functional expenses $21,952 across 6 lines filed

IX-7 Other salaries and wagesPrograms $5,925$5,925

IX-11b Legal feesManagement $1,968$1,968

IX-11c Accounting feesManagement $1,272$1,272

IX-23 InsurancePrograms $5,138$5,138

IX-24 Other expenses (24a–d)Programs $7,573$7,573

IX-24e All other expensesPrograms $76$76

IX-25 Total functional expensesPrograms $18,712 · Management $3,240 · Fundraising $0$21,952

Part X · Balance sheet $26,174,691 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $245,034$243,007

X-8 Inventories for sale or useStart of year $46,000$46,000

X-14 Intangible assetsStart of year $558$558

X-15 Other assetsStart of year $25,885,126$25,885,126

X-16 Total assetsStart of year $26,176,718$26,174,691

X-17 Accounts payable and accrued expensesStart of year $200$200

X-25 Other liabilitiesStart of year $25,887,626$25,887,626

X-26 Total liabilitiesStart of year $25,887,826$25,887,826

X-27 Net assets without donor restrictionsStart of year $288,892$286,865

X-32 Total net assets or fund balancesStart of year $288,892$286,865

X-33 Total liabilities and net assetsStart of year $26,176,718$26,174,691

Part XI · Reconciliation of net assets $286,865 net assets at year end

XI-1 Total revenue$11,000

XI-2 Total expenses$21,952

XI-3 Revenue less expenses−$10,952

XI-4 Net assets at start of year$288,892

XI-6 Donated services and use of facilities$8,925

XI-10 Net assets at end of year$286,865

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

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Evansville Brownfields Corp

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Evansville Brownfields Corp

During 2025 the Following Transaction Occured

By the numbers

Filing history

Schedules filed Part IV