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Industrial Development Corporation Of Sanford

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$102k (2023)

Expenses
$37.5k (2023)

Total Assets
$4.63M (2023)

Total Liabilities
$5k (2023)

Years with missing data
Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,452
Expenses
$37,485
Net Income
$64,967
Net Assets
$4,620,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $102,452
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,625,739
Total Liabilities $5,000
Net Assets $4,620,739
Compensation
Key Employees and Officers Compensation Related Other
Ted Hissong (Director) $0 $0 $0
Gordon Collins (Director) $0 $0 $0
David Jagger (Director) $0 $0 $0
Allison Navia (Director) $0 $0 $0
David Nickerson (Director) $0 $0 $0
Tom Cote (Director) $0 $0 $0
Robert I Hardison (President) $0 $0 $0
Gwen Bedell Gadbois (Treasurer) $0 $0 $0
Edward J Titcomb (Secretary) $0 $0 $0
Michael Ralston (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,870
Expenses
$31,810
Net Income
$69,060
Net Assets
$4,320,911
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $100,870
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,325,911
Total Liabilities $5,000
Net Assets $4,320,911
Compensation
Key Employees and Officers Compensation Related Other
Ted Hissong (Director) $0 $0 $0
Gordon Collins (Director) $0 $0 $0
David Jagger (Director) $0 $0 $0
Allison Navia (Director) $0 $0 $0
David Nickerson (Director) $0 $0 $0
Tom Cote (Director) $0 $0 $0
Robert I Hardison (President) $0 $0 $0
Gwen Bedell Gadbois (Treasurer) $0 $0 $0
Edward J Titcomb (Secretary) $0 $0 $0
Michael Ralston (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,729
Expenses
$34,148
Net Income
$63,581
Net Assets
$4,575,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $87,729
89.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,000
10.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,575,365
Total Liabilities $0
Net Assets $4,575,365
Compensation
Key Employees and Officers Compensation Related Other
Ted Hissong (Director) $0 $0 $0
Gordon Collins (Director) $0 $0 $0
David Jagger (Director) $0 $0 $0
Allison Navia (Director) $0 $0 $0
David Nickerson (Director) $0 $0 $0
Robert I Hardison (President) $0 $0 $0
Gwen Bedell Gadbois (Treasurer) $0 $0 $0
Edward J Titcomb (Secretary) $0 $0 $0
Michael Ralston (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$95,007
Expenses
$38,466
Net Income
$56,541
Net Assets
$3,779,168
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $73,831
77.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $15,000
15.8%
Net Fundraising $0
Sales of Assets $6,176
6.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,779,168
Total Liabilities $0
Net Assets $3,779,168
Compensation
Key Employees and Officers Compensation Related Other
Ted Hissong (Director) $0 $0 $0
Gordon Collins (Director) $0 $0 $0
David Jagger (Director) $0 $0 $0
Richard Shaw (Director) $0 $0 $0
David Nickerson (Director) $0 $0 $0
Robert I Hardison (President) $0 $0 $0
Gwen Bedell Gadbois (Treasurer) $0 $0 $0
Edward J Titcomb (Secretary) $0 $0 $0
Michael Ralston (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$91,431
Expenses
$42,002
Net Income
$49,429
Net Assets
$3,592,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $69,507
76.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,000
5.5%
Net Inventory Sales $0
Other Revenue $16,924
18.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,592,023
Total Liabilities $0
Net Assets $3,592,023
Compensation
Key Employees and Officers Compensation Related Other
Ted Hissong (Director) $0 $0 $0
Gordon Collins (Director) $0 $0 $0
David Jagger (Director) $0 $0 $0
Richard Shaw (Director) $0 $0 $0
David Nickerson (Director) $0 $0 $0
Robert I Hardison (President) $0 $0 $0
Gwen Bedell Gadbois (Treasurer) $0 $0 $0
Edward J Titcomb (Secretary) $0 $0 $0
Michael Ralston (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,662
Expenses
$39,426
Net Income
$20,236
Net Assets
$3,155,659
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $59,662
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,155,159
Total Liabilities -$500
Net Assets $3,155,659

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$81,332
Expenses
$34,405
Net Income
$46,927
Net Assets
$3,277,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $35,813
44.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $45,519
56.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,277,978
Total Liabilities $0
Net Assets $3,277,978

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,092
Expenses
$58,620
Net Income
-$25,528
Net Assets
$2,961,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $33,071
99.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,961,937
Total Liabilities $0
Net Assets $2,961,937

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,840
Expenses
$32,609
Net Income
-$1,769
Net Assets
$2,845,750
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $31,772
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$932
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,845,750
Total Liabilities $0
Net Assets $2,845,750

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,870
Expenses
$37,731
Net Income
-$17,861
Net Assets
$2,762,007
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $27,455
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,585
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,762,007
Total Liabilities $0
Net Assets $2,762,007

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,257
Expenses
$46,537
Net Income
-$23,280
Net Assets
$2,788,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $23,257
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,788,198
Total Liabilities $0
Net Assets $2,788,198

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,885
Expenses
$62,565
Net Income
-$42,680
Net Assets
$2,516,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $18,188
91.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,697
8.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,516,371
Total Liabilities $0
Net Assets $2,516,371

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,907
Expenses
$53,862
Net Income
-$33,955
Net Assets
$2,419,968
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $19,907
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,419,968
Total Liabilities $0
Net Assets $2,419,968

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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