Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Westfield Economic Development Foundation Inc.
EIN 26-2259201 • 501(c)3 • Westfield, IN
Pub. 78 Eligible990-N Coverage
Profile
Public benefit corporation
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
97th percentile
Higher net margin than 97% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
73rd percentile
Faster asset growth than 73% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Balance Sheet
Assets
Up$84,716
Up $10,233 (+14%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$84,716
Up $10,233 (+14%) from 2023
Revenue
Down$11,006
Down $999 (-8.3%) from 2023
Expenses
Down$773
Down $26 (-3.3%) from 2023
Net Income
Down$10,233
Down $973 (-8.7%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $84,716
- Liabilities
- $0
- Net assets
- $84,716
- Revenue
- $11,006
- Expenses
- $773
- Net income
- $10,233
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Sep 9, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $11,006
Mission and Program Overview
Mission
Public benefit corporation
Westfield Economic Development Foundation's primary purpose is to promote economic development in Westfield, Indiana, by creating a vision for the community, supporting market-driven development plans, fostering partnerships between private investors and local government, and generating high-quality jobs. The organization educates leaders, empowers volunteers, raises funds, and conducts outreach to attract investment, all in furtherance of its charitable purpose to lessen the burdens of government and improve the local economy in alignment with Section 501(c)(3).
Program Services
| Description | Grants | Expenses |
|---|---|---|
| During the year, the organization maintained liability insurance necessary to support its mission of promoting economic development in Westfield. This coverage ensures the organization can safely conduct outreach, planning, and engagement activities as it builds capacity for future programs and public-private initiatives. | $0 | $773 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Randy Zentz | President | - | $0 | - | - |
| Jenell Fairman | Vice President | - | $0 | - | - |
| Jamie Goetz Mills | Treasurer | - | $0 | - | - |
| Jennifer Hendren | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Westfield Economic Development Foundation Inc
- EIN
- 26-2259201
- Phone
- 3177304959
- Address
- 2728 East 171st St, Westfield, IN 46074
Signing Officer
- Name
- Randy Zentz
- Title
- President
- Phone
- 3177304959
- Signed
- 2025-09-09
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Craig S Ruby CPA
- Address
- 1720 Duarte Dr, Henderson, NV 89014
- Preparer
- Craig Ruby
- Phone
- 7254005727
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 8
“The Westfield Economic Development Foundation received rental income of 11,000 in 2024 as a lessor of office space.”
Form 990-EZ, Part I, Line 16
“Payments for insurance policy.”
Raw XML Appendix182 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Randy Zentz |
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| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 84716 |
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| IRS990EZ/FiledScheduleAInd | 0 | 1 |
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| IRS990EZ/GrossReceiptsAmt | 0 | 11006 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 6 |
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| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Randy Zentz |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Jenell Fairman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Jamie Goetz Mills |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Jennifer Hendren |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Secretary |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 773 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 11000 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Westfield Economic Development Foundation's primary purpose is to promote economic development in Westfield, Indiana, by creating a vision for the community, supporting market-driven development plans, fostering partnerships between private investors and local government, and generating high-quality jobs. The organization educates leaders, empowers volunteers, raises funds, and conducts outreach to attract investment, all in furtherance of its charitable purpose to lessen the burdens of government and improve the local economy in alignment with Section 501(c)(3). |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | During the year, the organization maintained liability insurance necessary to support its mission of promoting economic development in Westfield. This coverage ensures the organization can safely conduct outreach, planning, and engagement activities as it builds capacity for future programs and public-private initiatives. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 773 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 773 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 773 |
| IRS990EZ/TotalRevenueAmt | 0 | 11006 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990ScheduleA/CommunityTrustInd | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 18,000 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part II, Line 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 207 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 200000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 200207 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 11006 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 12000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 9 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 93 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 35108 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 9 |
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| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 18000 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.79035 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.9575 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 200207 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 207 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 200207 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 253315 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Westfield Economic Development Foundation received rental income of 11,000 in 2024 as a lessor of office space. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Payments for insurance policy. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | Westfield Economic Development Foundation (WEDF) mailed Form 8868 on May 8, 2025 to IRS, and it was received on May 10, 2025. WEDF's due date for their Form 990 E-Z was extended until November 15, 2025. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Randy Zentz |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3177304959 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WESTFIELD ECONOMIC DEVELOPMENT FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WEST |
| ReturnHeader/Filer/EIN | 0 | 262259201 |
| ReturnHeader/Filer/PhoneNum | 0 | 3177304959 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2728 East 171st St |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Westfield |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46074 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 880331156 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Craig S Ruby CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1720 Duarte Dr |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Henderson |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NV |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 89014 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7254005727 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-08-20 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Craig Ruby |
| ReturnHeader/ReturnTs | 0 | 2025-09-09T16:00:01-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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