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Nonprofit · EIN 35-1897300

HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · CARMEL, IN 46032

Financials

$2M$1.8M2023$2.1M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,057,355$2,249,889-$192,534$371,378$0$371,378
December 31, 2023990$1,978,683$1,823,217$155,466$563,912$0$563,912
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,861,731
of which government grants
$1,861,506
Program service revenue
$177,870
Investment income
$17,754
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,467,751
Compensation of officers, directors and key employees
$198,496
Other salaries and wages
$143,706
Salaries, compensation and benefits (total)
$342,202
Professional fundraising fees
$0
Travel
$16,707
Program services (functional)
$2,142,282
Management and general (functional)
$107,607

Balance sheet and other

Total assets, start of year
$563,912
Total assets, end of year
$371,378
Total liabilities, end of year
$0
Net assets, end of year
$371,378
Net assets without donor restrictions
$248,288
Net assets with donor restrictions
$123,090
Gross receipts
$2,057,355
Employees
1
Volunteers
15
Year formed
1992
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MIKE THIBIDEAUPRESIDENT & CEO
Officer
40$175,260$23,236
CORBY THOMPSONBOARD CHAIR
Trustee or director, Officer
0.5$0$0
CHRISTINE ALTMANBOARD VICE CHAIR
Trustee or director, Officer
0.5$0$0
CHUCK HABERMANBOARD SEC/TREASURER
Trustee or director, Officer
0.5$0$0
MARK LABARRBOARD MEMBER
Trustee or director
0.5$0$0
RACHEL KARTZBOARD MEMBER
Trustee or director
0.5$0$0
ANDY THEISZBOARD MEMBER
Trustee or director
0.5$0$0
SUE MAKIBOARD MEMBER
Trustee or director
0.5$0$0
ANGELA ACREYBOARD MEMBER
Trustee or director
0.5$0$0
MICHAEL BERESFORDBOARD MEMBER
Trustee or director
0.5$0$0
DANIELLE CAREY TOLANBOARD MEMBER
Trustee or director
0.5$0$0
SHELLEY WALTERSBOARD MEMBER
Trustee or director
0.5$0$0
JACK RUSSELLBOARD MEMBER
Trustee or director
0.5$0$0
DR STACY TOWNSLEYBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
MIKE THIBIDEAUPRESIDENT & CEO
Officer
40$131,220$7,560
MEGAN BAUMGARTNERBOARD CHAIR
Trustee or director, Officer
0.5$0$0
MARK LABARRPAST BOARD CHAIR
Trustee or director, Officer
0.5$0$0
CORBY THOMPSONBOARD VICE CHAIR
Trustee or director, Officer
0.5$0$0
CHRISTINE ALTMANBOARD SECRETARY / TREASURER
Trustee or director, Officer
0.5$0$0
RACHEL KARTZBOARD MEMBER
Trustee or director
0.5$0$0
ANDY THEISZBOARD MEMBER
Trustee or director
0.5$0$0
SUE MAKIBOARD MEMBER
Trustee or director
0.5$0$0
CHUCK HABERMANBOARD MEMBER
Trustee or director
0.5$0$0
ANGELA ACREYBOARD MEMBER
Trustee or director
0.5$0$0
ROBERT KNEBERGBOARD MEMBER
Trustee or director
0.5$0$0
MICHAEL BERESFORDBOARD MEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
37 E MAIN STREET, CARMEL, IN 46032-1927
Principal officer (990 for 2024)
MIKE THIBIDEAU, 37 E MAIN STREET, CARMEL, IN 46032
Signed the 990
CORBY THOMPSON, BOARD CHAIR
Phone
(317) 663-4457
Return prepared by
SIKICH LLC

Mission

EMPOWER THE ECONOMIC VITALITY OF THE RESIDENTS, BUSINESS AND COMMUNITIES OF HAMILTON COUNTY BY ATTRACTING, RETAINING AND SUPPORTING TALENT.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PURSUIT INSTITUTE CAREER AND TECHNICAL EDUCATION LEA:HCEDC SUPERVISED THE CREATION AND ACCREDIATION OF A NEW CAREER AND TECHNICAL EDUCATION (CTE) DISTRICT FOR THE SIX SCHOOL DISTRICTS WITHIN HAMILTON COUNTY, AND RECEIVED/MANAGED SEVERAL LARGE GRANTS WITH THOSE DISTRICTS AND THE LEA TO EXPAND CTE ENROLLMENT AND CAPACITY ACROSS THE COUNTY.
    Expenses $1,753,964 · grants $1,415,418 · revenue $177,870
  • INVESTED: THE INVESTED PROGRAM IS CENTERED AROUND FACILITATING CAREER EXPLORATION AND WORK-BASED-LEARNING ACTIVITIES FOR STUDENTS IN ALL SIX LOCAL SCHOOL CORPORATIONS IN HAMILTON COUNTY. BY CENTRALIZING EMPLOYER CONNECTIVITY, IN COLLABORATION WITH FOUR LOCAL CHAMBERS OF COMMERCE, AND PRIORITIZING RELATIONSHIP MANAGEMENT WITH EMPLOYERS, INVESTED WILL HELP SCHOOLS, AND THE PURSUIT INSTITUTE BUILD NEW, MORE DYNAMIC, AND INDIVIDUALIZED PARTNERSHIPS WITH LOCAL BUSINESSES AND COMMUNITY ORGANIZATIONS.
    Expenses $226,665 · grants $31,500
  • INVESTABILITY: EXPANDING CAREER AWARENESS AND WORK-BASED-LEARNING OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES.
    Expenses $161,653 · grants $20,833

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-1897300
Tax-exempt status
501(c)(4): Social welfare organization
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$371,378
Income (IRS master file)
$2,057,355

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,057,355$2,249,889$371,378XML
990December 2023$1,978,683$1,823,217$563,912XML
990December 2022$694,402$592,730$408,446IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1897300).

Questions about HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION is 35-1897300.
Is HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4).
Which annual return does HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names MIKE THIBIDEAU.
Who are the officers and directors of HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $175,260 (MIKE THIBIDEAU, PRESIDENT & CEO).
How much revenue does HAMILTON COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,057,355, expenses of $2,249,889 and total assets of $371,378 at year end.

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