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Nonprofit · EIN 35-1923681

CITY OF GARY ECONOMIC DEVELOPMENT CORP

Also known as ECONOMIC DEVELOPMENT TR FUND

Tax-exempt (reinstated) · GARY, IN 46402

Financials

$95K$385K2023$42K$359K2024
Revenue Expenses · by fiscal year end
Financials of CITY OF GARY ECONOMIC DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$41,568$358,975-$317,407$4,597,572$9,992$4,587,580
December 31, 2023990$95,025$384,607-$289,582$4,937,479$9,992$4,927,487
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$22,500
Program service revenue
$22,077
Investment income
$0
Net rental income
-$3,009
Other revenue
-$3,009

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,057
Accounting fees
$32,000
Depreciation
$147,879
Program services (functional)
$325,060
Management and general (functional)
$33,915

Balance sheet and other

Total assets, start of year
$4,937,479
Total assets, end of year
$4,597,572
Total liabilities, end of year
$9,992
Net assets, end of year
$4,587,580
Land, buildings and equipment
$4,482,102
Net assets without donor restrictions
$4,587,580
Gross receipts
$93,695
Employees
0
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 / weekCompensation
Tai AdkinsPresident
Trustee or director, Officer
1$0
Oliver GilliamCommissioner
Trustee or director
1$0
Jackie Rosario-PirtleCommissioner
Trustee or director
1$0
William GodwinCommissioner
Trustee or director
1$0
Carmelita PerryCommissioner
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Ronald BrewerPresident
Trustee or director, Officer
1$0
Oliver GilliamCommissioner
Trustee or director
1$0
Jackie Rosario-PirtleCommissioner
Trustee or director
1$0
William GodwinCommissioner
Trustee or director
1$0
Carmelita PerryCommissioner
Trustee or director
1$0

Address and contacts

Address (IRS master file)
401 BROADWAY STE 301, GARY, IN 46402-1253
In care of
% TREASURER BO KEMP
Principal officer (990 for 2024)
William Outlar, 401 Broadway Suite 301, Gary, IN 46402
Signed the 990
William Outlar, Controller
Return prepared by
Cender & Company LLC

Mission

areduce unemployment by assisting and enabling the retention, attraction and expansion of business,bcombat community deterioration by promoting stability, economic growth, and partnerships between government and the business community,crecruit new business into the Gary area,dconduct charitable and educational activities to alleviate blight

990 for the year ended December 31, 2024

Program accomplishments

  • The Gary Economic Development Corporation GEDC leads the City of Garys efforts to develop real estate, attract new businesses, expand and retain existing businesses, job creation, and increase the quality of life for City residents. In 2015, GEDC established a relationship with United Parcel Service, which holds job fairs to employ Gary residents as package handlers at its Hodgkins, IL facility. GEDC also partnered with the City of Gary for Life, an anti-violence initiative to reduce crime and improve residents quality of life. GEDC continued its efforts towards the development of the University Park Neighborhood and Campus Plan to redevelop a 7.5 quare mile footprint surrounding Indiana University and Ivy Tech Community College. GEDC continued its relationship with Carmeuse Lime and Stone to invest 10M into a green facility, and with Garmong Constrcution to build industrial space in the Buffington Harbor area of Gary.
    Expenses $101,331 · revenue $19,491
  • ArtHouse A Social Kitchen is a culinary incubator program created to provide a mechanism for economic and artistic activity in downtown Gary. Through a series of culinary classes and events, ArtHouse has drawn hundreds of people from outside of Gary as a mechanism for tourism, a direct connection to economic development
    Expenses $223,729 · revenue $22,077

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
35-1923681
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,597,572
Income (IRS master file)
$93,695

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 9, 2011
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$41,568$358,975$4,597,572IRS
990December 2023$95,025$384,607$4,937,479XML
990December 2022$95,838$1,765,381$5,249,561IRS
990December 2019–––IRS
990December 2018–––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 35-1923681).

Questions about CITY OF GARY ECONOMIC DEVELOPMENT CORP

What is the EIN of CITY OF GARY ECONOMIC DEVELOPMENT CORP?
The employer identification number (EIN) of CITY OF GARY ECONOMIC DEVELOPMENT CORP is 35-1923681.
Is CITY OF GARY ECONOMIC DEVELOPMENT CORP tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to CITY OF GARY ECONOMIC DEVELOPMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CITY OF GARY ECONOMIC DEVELOPMENT CORP 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 CITY OF GARY ECONOMIC DEVELOPMENT CORP 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 CITY OF GARY ECONOMIC DEVELOPMENT CORP 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 CITY OF GARY ECONOMIC DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 names William Outlar.
Who are the officers and directors of CITY OF GARY ECONOMIC DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does CITY OF GARY ECONOMIC DEVELOPMENT CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $41,568, expenses of $358,975 and total assets of $4,597,572 at year end.

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