Civic Intelligence

Anderson Corporation for Economic

EIN 35-1473675 • 501(c)3 • Anderson, IN

Profile

The primary exempt purpose of the anderson corporation for economic development is to plan and undertake activities leading to a steady job growth, increasing economic diversity and a strengthened employer base in the city of anderson and county of madison, indiana. Central to this purpose is the development of an industrial park to attract and maintain businesses and industry. In addition, there are ongoing efforts to meet with and attempt to convince businesses to locate in anderson and madison county.

739 Main StAnderson, IN 46016-1515

www.cedanderson.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$120,330

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

8th percentile

-24%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

21%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$293,516

Down $94,766 (-24%) from 2023

Liabilities

Down

$4,698

Down $153 (-3.2%) from 2023

Net Assets

Down

$288,818

Down $94,613 (-25%) from 2023

Operations
Liabilities / Revenue29th percentileNet Margin16th percentile

Revenue

Up

$525,569

Up $90,586 (+21%) from 2023

Expenses

Up

$620,182

Up $184,620 (+42%) from 2023

Net Income

Down

-$94,613

Down $94,034 (-16241%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $804,669Liabilities 2010: $468Net Assets 2010: $804,2012010Assets 2011: $707,162Liabilities 2011: $505Net Assets 2011: $706,6572011Assets 2012: $597,872Liabilities 2012: $11,464Net Assets 2012: $586,4082012Assets 2013: $620,214Liabilities 2013: $7,494Net Assets 2013: $612,7202013Assets 2014: $693,793Liabilities 2014: $9,425Net Assets 2014: $684,3682014Assets 2015: $681,275Liabilities 2015: $9,078Net Assets 2015: $672,1972015Assets 2016: $613,545Liabilities 2016: $8,942Net Assets 2016: $604,6032016Assets 2017: $356,831Liabilities 2017: $13,849Net Assets 2017: $342,9822017Assets 2018: $320,322Liabilities 2018: $7,429Net Assets 2018: $312,8932018Assets 2019: $297,444Liabilities 2019: $714Net Assets 2019: $296,7302019Assets 2020: $348,406Liabilities 2020: $743Net Assets 2020: $347,6632020Assets 2021: $452,904Liabilities 2021: $3,619Net Assets 2021: $449,2852021Assets 2022: $388,302Liabilities 2022: $4,292Net Assets 2022: $384,0102022Assets 2023: $388,282Liabilities 2023: $4,851Net Assets 2023: $383,4312023Assets 2024: $293,516Liabilities 2024: $4,698Net Assets 2024: $288,8182024

Highlighted filing

2024

Assets$293,516
Liabilities$4,698
Net Assets$288,818
Open 2024 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $251,9992010Expenses 2011: $246,2042011Expenses 2012: $282,1582012Revenue 2013: $282,351Expenses 2013: $256,039Net Income 2013: $26,3122013Revenue 2014: $357,756Expenses 2014: $286,108Net Income 2014: $71,6482014Revenue 2015: $328,586Expenses 2015: $340,757Net Income 2015: -$12,1712015Revenue 2016: $232,765Expenses 2016: $312,908Net Income 2016: -$80,1432016Revenue 2017: $361,141Expenses 2017: $449,132Net Income 2017: -$87,9912017Revenue 2018: $257,648Expenses 2018: $287,737Net Income 2018: -$30,0892018Revenue 2019: $248,463Expenses 2019: $264,626Net Income 2019: -$16,1632019Revenue 2020: $331,782Expenses 2020: $280,849Net Income 2020: $50,9332020Revenue 2021: $373,105Expenses 2021: $271,483Net Income 2021: $101,6222021Revenue 2022: $316,900Expenses 2022: $382,175Net Income 2022: -$65,2752022Revenue 2023: $434,983Expenses 2023: $435,562Net Income 2023: -$5792023Revenue 2024: $525,569Expenses 2024: $620,182Net Income 2024: -$94,6132024

Highlighted filing

2024

Revenue$525,569
Expenses$620,182
Net Income-$94,613
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$293,516
Liabilities
$4,698
Net assets
$288,818
Revenue
$525,569
Expenses
$620,182
Net income
-$94,613
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.05$2.89$5.26$6.20$0.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$0.05$3.83$4.35$4.36$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.88$0.04$3.84$3.17$3.82$0.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.53$0.04$4.49$3.73$2.71$1.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.01$3.48$3.32$2.81$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.01$2.97$2.48$2.65$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.07$3.13$2.58$2.88$0.30
2017Detailed filing. Detailed filing data is available for this year.$3.57$0.14$3.43$3.61$4.49$0.88
2016Detailed filing. Detailed filing data is available for this year.$6.14$0.09$6.05$2.33$3.13$0.80
2015Detailed filing. Detailed filing data is available for this year.$6.81$0.09$6.72$3.29$3.41$0.12
2014Detailed filing. Detailed filing data is available for this year.$6.94$0.09$6.84$3.58$2.86$0.72
2013Detailed filing. Detailed filing data is available for this year.$6.20$0.07$6.13$2.82$2.56$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.98$0.11$5.86$2.82
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.07$0.01$7.07$2.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.05$0.00$8.04$2.52
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 2, 2025
Return Version
2024v5.2
Gross Receipts
$2,573,336
Mission and Program Overview

Mission

The mission of the anderson corporation for economic development is to plan and undertake activities leading to a steady job growth, increasing economic diversity, and a strengthened employer base which enhance the quality of life of madison county, indiana.

The primary exempt purpose of Madison County Economic Development is to plan and undertake activities leading to a steady job growth increasing economic diversity and a strenghened employer base in the City of Anderson and Madison County Indiana

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$253,732$253,732→ $0
Cash and Non-Interest-Bearing Accounts$131,764$37,617▼ $94,147
Land, Buildings, and Equipment, Net$2,786$2,167▼ $619
Total Assets$388,282$293,516▼ $94,766
Liabilities
Other Liabilities$4,851$4,042▼ $809
Accounts Payable and Accrued Expenses-$656-
Total Liabilities$4,851$4,698▼ $153
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$383,431$288,818▼ $94,613
Total Net Assets Fund Balance$383,431$288,818▼ $94,613
Total Liabilities and Net Assets / Fund Balance$388,282$293,516▼ $94,766

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,167$7,117$9,284
Equipment-$1,055$1,055
Investment Program Related Org$253,732--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rob SparksExcutive DirectorFT$120,330$120,330

Board Members and Trustees

NameTitle
Mark HarvillePresident
Brian EarleyVice President
Beth TharpDirector
Bill WatsonDirector
Brian DonahueDirector
Greg WhiteDirector
Jessica WarnkeDirector
Kevin MontgomeryDirector
Kim Peak-hillDirector
Kirk KlabundeDirector
Mia JohnsonDirector
Nancy AndersonDirector
WILLIAM O'NEALDirector
Kim TownsendSecretary
Bill FredericksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,700
Program Service Revenue
$265,979
Investment Income
$183,890
Other Revenue
$0
All Other Contributions
$75,700
Change in Net Assets
$-94,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,791
Salaries, Compensation, and Employee Benefits$276,391
Total Fundraising Expense$28,522
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$182,773--$182,773
Current Officers, Directors, Trustees, and Key Employees$96,264$12,033$12,033$120,330
Other Salaries and Wages$55,836$44,667$11,167$111,670
Pension Plan Contributions$17,450$6,316$2,640$26,406
Payroll Taxes$11,778$4,408$1,799$17,985
Travel$16,084--$16,084
Occupancy$8,840$2,210-$11,050
Fees for Services Accounting$5,466--$5,466
Insurance$2,573$857-$3,430
Office Expenses$289$579$289$1,157
Advertising$1,029-$114$1,143
Information Technology$480$107$480$1,067
Depreciation Depletion$495$124-$619
Other Expenses$190--$190
Total Functional Expenses$520,359$71,301$28,522$620,182
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued payroll taxes$4,042
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Line 7A

“Board positions becoming availabe each year are nominated by members of the”

Part VI Line 7A

“Board and elected by the full Board. Members server for three-year terms.”

Part VI Line 7B

“All disbursements falling outside the budgeted amount are approved by the”

Part VI Line 7B

“Board. Sale of land investments are approved by the Board. Purchases of”

Part VI Line 11B

“The 990 is emailed to all board members prior to the electronic filing”

Part VI Line 11B

“of the 990.”

Part VI Line 12C

“Conflicts are reviewed by the Executive Committee. Should a conflict exist,”

Part VI Line 12C

“the nature of the conflict is evaluated and addressed with the goal of”

Part VI Line 15A or B

“Recommendations by the Executive Director are approved by the full board”

Part VI Line 15A or B

“as part of the aproval of the annual budget.”

Part VI Line 19

“Govering documents and conflect of interest policy are available to the”

Part VI Line 19

“public at the office of Madison County Economic Development.”

Part VI, Line 7B

“other than de minimis amounts for fixed assets are approved by the Board.”

Part VI, Line 12C

“abating the conflict or asking for resignation.”

Filing and Contact Details

Filer

Filer Name
Madison County Economic Development Inc
EIN
35-1473675
In Care Of
% Mark Harville
Phone
7656421860
Address
739 Main St, Anderson, IN 46016-1515
Doing Business As
Corporation for Economic Development

Signing Officer

Name
Mark Harville
Title
President
Phone
7656421860
Signed
2025-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Harville
Formed
1983
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
3

Preparer

Firm
Rodgers & Company CPA's PC
Address
1106 E 8th St, Anderson, IN 46012
Preparer
Jacob Goossen
Phone
7656082366
Supplemental Narrative

Additional Explanations

Part XII Line 1

“The Madison County Economic Development uses the modified cash basis”

Part XII Line 1

“of accounting to prepare the Form 990.”

Part I, Line 1

“Central to this purpose is the development of multiple industrial parks”

Part I, Line 1

“to attract and maintain businesses and industry. In addition, there are”

Part I, Line 1

“ongoing efforts to assist businesses in growing or relocating in”

Part I, Line 1

“Madison County, Indiana.”

Part I, Line 6

“There are 15 noncompensated members of the Board of Directors. There”

Part I, Line 6

“are 6 board meetings a year usually lasting 1-1.5 hours. in addition,”

Part I, Line 6

“there is an executive committee coprised of officers of the board that”

Part I, Line 6

“normally meet on an as-needed basis. Ad-hoc committees are appointed as”

Part I, Line 6

“need arises. There are no board fees paid nor any other benefit or”

Part I, Line 6

“compensation--strictly volunteer.”

Raw XML AppendixShowing 400 of 509 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Excutive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0183890
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02231657
IRS990/GrossReceiptsAmt02573336
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0480
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0107
IRS990/InformationTechnologyGrp/ProgramServicesAmt0480
IRS990/InformationTechnologyGrp/TotalAmt01067
IRS990/InsuranceGrp/ManagementAndGeneralAmt0857
IRS990/InsuranceGrp/ProgramServicesAmt02573
IRS990/InsuranceGrp/TotalAmt03430
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0253732
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0253732
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08172
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02786
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02167
IRS990/LandBldgEquipCostOrOtherBssAmt010339
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02047767
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of Madison County Economic Development is to plan and undertake activities leading to a steady job growth, increasing economic diversity, and a strengthened employer base which will enhance the quality of life of Madison County, Indiana.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0383431
IRS990/NetAssetsOrFundBalancesEOYAmt0288818
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0183890
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0183890
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0383431
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0288818
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02210
IRS990/OccupancyGrp/ProgramServicesAmt08840
IRS990/OccupancyGrp/TotalAmt011050
IRS990/OfficeExpensesGrp/FundraisingAmt0289
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0579
IRS990/OfficeExpensesGrp/ProgramServicesAmt0289
IRS990/OfficeExpensesGrp/TotalAmt01157
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Project Oasis
IRS990/OtherExpensesGrp/Desc1Dues & Subscriptions
IRS990/OtherExpensesGrp/Desc2Land Options
IRS990/OtherExpensesGrp/ProgramServicesAmt0106250
IRS990/OtherExpensesGrp/ProgramServicesAmt114562
IRS990/OtherExpensesGrp/ProgramServicesAmt2190
IRS990/OtherExpensesGrp/TotalAmt0106250
IRS990/OtherExpensesGrp/TotalAmt114562
IRS990/OtherExpensesGrp/TotalAmt2190
IRS990/OtherLiabilitiesGrp/BOYAmt04851
IRS990/OtherLiabilitiesGrp/EOYAmt04042
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011167
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044667
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055836
IRS990/OtherSalariesAndWagesGrp/TotalAmt0111670
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01799
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04408
IRS990/PayrollTaxesGrp/ProgramServicesAmt011778
IRS990/PayrollTaxesGrp/TotalAmt017985
IRS990/PensionPlanContributionsGrp/FundraisingAmt02640
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06316
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017450
IRS990/PensionPlanContributionsGrp/TotalAmt026406
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Mark Harville
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Fees for Services
IRS990/ProgramServiceRevenueGrp/Desc1Common Area Maint Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0261599
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0261599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14380
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0218100
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0170357
IRS990/PYProgramServiceRevenueAmt0216883
IRS990/PYRevenuesLessExpensesAmt0-579
IRS990/PYSalariesCompEmpBnftPaidAmt0265205
IRS990/PYTotalExpensesAmt0435562
IRS990/PYTotalRevenueAmt0434983
IRS990/ReconcilationRevenueExpnssAmt0-94613
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0450114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0218100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt041600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt046700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt034300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0416400
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0416400
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0218100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt041600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt046700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt034300
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0416400
IRS990ScheduleA/TotalSupportAmt0416400
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01055
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01055
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0253732
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Land in industrial park
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02167
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07117
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued payroll taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02167
IRS990ScheduleD/TotalBookValueProgramRltdAmt0253732
IRS990ScheduleD/TotalLiabilityAmt04042
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board positions becoming availabe each year are nominated by members of the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board and elected by the full Board. Members server for three-year terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All disbursements falling outside the budgeted amount are approved by the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board. Sale of land investments are approved by the Board. Purchases of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 990 is emailed to all board members prior to the electronic filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5of the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Conflicts are reviewed by the Executive Committee. Should a conflict exist,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7the nature of the conflict is evaluated and addressed with the goal of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Recommendations by the Executive Director are approved by the full board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9as part of the aproval of the annual budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Govering documents and conflect of interest policy are available to the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11public at the office of Madison County Economic Development.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12The Madison County Economic Development uses the modified cash basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13of accounting to prepare the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Central to this purpose is the development of multiple industrial parks
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15to attract and maintain businesses and industry. In addition, there are
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ongoing efforts to assist businesses in growing or relocating in
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Madison County, Indiana.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18There are 15 noncompensated members of the Board of Directors. There
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19are 6 board meetings a year usually lasting 1-1.5 hours. in addition,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20there is an executive committee coprised of officers of the board that
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21normally meet on an as-needed basis. Ad-hoc committees are appointed as
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22need arises. There are no board fees paid nor any other benefit or
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23compensation--strictly volunteer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24other than de minimis amounts for fixed assets are approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25abating the conflict or asking for resignation.

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