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Mercer County Area Development Corporation

Tax-deductible

Princeton, MO501(c)(3)Since 2020Community Development EIN 85-1304627Revenue $438K in FY2025

On file with the IRS804 E Main St, 64673-1265 · Princeton, MOTax-exempt since Nov 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Community revitalization, economic Development

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
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
28 mo
of spending, in cash
Looks good: 27.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
Fine: 2 funders name 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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$438K
×16 vs prior year
Spent
$149K
To programs
100%
Net assets
$410K
By yearFY2021–FY2025
Revenue
$438K
FY2025▲ ×16
Tap a bar for its year
Revenue by fiscal year
FY2021$55K
FY2022$130K
FY2023$38K
FY2024$27K
FY2025$438K
Net assets
$410K
FY2025▲ +237%
Tap a bar for its year
Net assets by fiscal year
FY2021$38K
FY2022$138K
FY2023$137K
FY2024$122K
FY2025$410K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2020.

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% · $149K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Spencer Hart
President
$0Pt VII · Sec A
Marcia Cox
Secretary
$0Pt VII · Sec A
Cody Demoss
Treasurer
$0Pt VII · Sec A
Sam Walkup
Vice-President
$0Pt VII · Sec A
See Mercer County Area Development Corporation 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

Mercer County Area Development Corporation is a community improvement nonprofit based in Princeton, MO, formed in 2020.

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Provided by the organization

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1 program · $149K · in their own filed words · FY2025
01

Community revitalization and economic development

$149Kprogram expense

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
Gene Twyla and Allan Coon FoundationFY2024$2K
First Interstate Bancsystem Foundation INCFY2024$200
Total grants receivedfrom 2 funders$3K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$438K
Ln 12
Gifts and grantsLn 1h$441K
Money outPt IX
$149K
Ln 25
Programscol B$149K
Owns and owesPt X
$410K
net assets · Ln 32
Cash and savingsLn 1–2$343K
Total assetsLn 16$410K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$441K
Government grantsLn 1e$360K
Total revenueLn 12$438K
Assets in detailPt X, end of year
CashLn 1$343K
Cash and savings togetherLn 1–2$343K
Total assetsLn 16$410K
LiabilitiesLn 26$0
Net assetsLn 32$410K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
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$82K$343K
Total assetsLn 16$122K$410K
LiabilitiesLn 26$0$0
Net assetsLn 32$122K$410K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$68K$68K
Management feesLn 11a$9K$9K
Legal feesLn 11b$203$203
Accounting feesLn 11c$750$750
Advertising and promotionLn 12$740$740
Office expensesLn 13$84$84
Information technologyLn 14$2K$2K
OccupancyLn 16$707$707
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$67K$67K
Total functional expensesLn 25$149K$149K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $438K$149K$289K$410K 990 PDF
FY2024 $27K$122K 990 PDF
FY2023 $38K$137K 990 PDF
FY2022 $130K$138K 990 PDF
FY2021 $55K$38K 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 $437,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,278$440,614
I-9 Program service revenue$0
I-10 Investment incomePrior year $21$0
I-11 Other revenuePrior year $10,591−$2,970
I-12 Total revenuePrior year $26,890$437,644
I-13 Grants and similar amounts paid$67,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $42,504$81,423
I-18 Total expensesPrior year $42,504$148,923
I-19 Revenue less expensesPrior year −$15,614$288,721
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $437,644 across 5 lines filed
VIII-1e Government grants$359,579
VIII-1f All other contributions, gifts and grants$81,035
VIII-1h Total contributions, gifts and grants$440,614
VIII-8 Net income from fundraising eventsExcluded from tax −$2,970−$2,970
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$2,970$437,644
Part IX · Statement of functional expenses $148,923 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $67,500$67,500
IX-11a Management feesPrograms $8,856$8,856
IX-11b Legal feesPrograms $203$203
IX-11c Accounting feesPrograms $750$750
IX-12 Advertising and promotionPrograms $740$740
IX-13 Office expensesPrograms $84$84
IX-14 Information technologyPrograms $1,627$1,627
IX-16 OccupancyPrograms $707$707
IX-23 InsurancePrograms $1,389$1,389
IX-24 Other expenses (24a–d)Programs $67,067$67,067
IX-25 Total functional expensesPrograms $148,923 · Management $0 · Fundraising $0$148,923
Part X · Balance sheet $410,437 assets, 6 lines filed
Asset lines not itemized here account for $67,545; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $82,350$342,892
X-16 Total assetsStart of year $121,716$410,437
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $121,716$410,437
X-32 Total net assets or fund balancesStart of year $121,716$410,437
X-33 Total liabilities and net assetsStart of year $121,716$410,437
Part XI · Reconciliation of net assets $410,437 net assets at year end
XI-1 Total revenue$437,644
XI-2 Total expenses$148,923
XI-3 Revenue less expenses$288,721
XI-4 Net assets at start of year$121,716
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$410,437

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

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