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Carthage Industrial Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$174k (2023)

Expenses
$134k (2023)

Total Assets
$4.23M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 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
$173,727
Expenses
$133,774
Net Income
$39,953
Net Assets
$4,228,105
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $132,308
76.2%
Investment Income $9,833
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31,586
18.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,228,105
Total Liabilities $0
Net Assets $4,228,105
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bruce Armstrong (Secretary/Tr) $0 $0 $0
Michael Astafan (Director) $0 $0 $0
Michelle Capone (Ex Officio D) $0 $0 $0
Derek Davis (Director) $0 $0 $0
Dale Klock (Vice Preside) $0 $0 $0
Brian Peck (Director) $0 $0 $0
Paul Smith (President) $0 $0 $0
Scott Sullivan (Director) $0 $0 $0
David Zembiec (Ex Officio D) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$240,295
Expenses
$128,882
Net Income
$111,413
Net Assets
$4,188,152
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $206,263
85.8%
Investment Income $4,231
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $29,801
12.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,188,152
Total Liabilities $0
Net Assets $4,188,152
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bruce Armstrong (Secretary/Tr) $0 $0 $0
Michelle Capone (Ex Officio D) $0 $0 $0
Derek Davis (Director) $0 $0 $0
Wayne Mcilroy (Director) $0 $0 $0
Brian Peck (Director) $0 $0 $0
Thomas Piche (Vice Preside) $0 $0 $0
Paul Smith (President) $0 $0 $0
Scott Sullivan (Director) $0 $0 $0
David Zembiec (Ex Officio D) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$98,446
Expenses
$141,111
Net Income
-$42,665
Net Assets
$4,076,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,500
6.6%
Program Services $86,751
88.1%
Investment Income $5,195
5.3%
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 $4,085,072
Total Liabilities $8,333
Net Assets $4,076,739
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Director) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (Secretary/Treasurer) $0 $0 $0
Robert Gormley (Director) $0 $0 $0
Thomas Piche (Vice President) $0 $0 $0
Paul Smith (President) $0 $0 $0
Michelle Capone (Director) $0 $0 $0
Tod Nash (Director) $0 $0 $0
Bruce Ferguson (Director) $0 $0 $0
Derek Davis (Director) $0 $0 $0
Scott Sullivan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$99,613
Expenses
$2,808,505
Net Income
-$2,708,892
Net Assets
$4,119,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $179,185
> 100%
Investment Income $11,204
11.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$90,776
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 $4,136,070
Total Liabilities $16,666
Net Assets $4,119,404
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Treasurer) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (Director) $0 $0 $0
Robert Gormley (Director) $0 $0 $0
Thomas Piche (Vice President) $0 $0 $0
Paul Smith (President) $0 $0 $0
Michelle Capone (Director) $0 $0 $0
Tod Nash (Director) $0 $0 $0
Bruce Ferguson (Director) $0 $0 $0
Derek Davis (Secretary) $0 $0 $0
Scott Sullivan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,355
Expenses
$203,248
Net Income
-$17,893
Net Assets
$6,828,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $119,151
64.3%
Investment Income $66,204
35.7%
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 $6,832,041
Total Liabilities $3,745
Net Assets $6,828,296
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Treasurer) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (Director) $0 $0 $0
Robert Gormley (Director) $0 $0 $0
Thomas Piche (Vice President) $0 $0 $0
Paul Smith (President) $0 $0 $0
Michelle Capone (Director) $0 $0 $0
Tod Nash (Director) $0 $0 $0
Bruce Ferguson (Director) $0 $0 $0
Derek Davis (Secretary) $0 $0 $0
Scott Sullivan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$250,080
Expenses
$303,336
Net Income
-$53,256
Net Assets
$6,846,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,949
13.6%
Program Services $145,075
58.0%
Investment Income $71,056
28.4%
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 $6,849,934
Total Liabilities $3,745
Net Assets $6,846,189
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Treasurer) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (President) $0 $0 $0
Robert Gormley (Vice President) $0 $0 $0
Thomas Piche (Director) $0 $0 $0
Paul Smith (Director) $0 $0 $0
Michelle Capone (Director) $0 $0 $0
Tod Nash (Director) $0 $0 $0
Bruce Ferguson (Director) $0 $0 $0
Derek Davis (Secretary) $0 $0 $0
Scott Sullivan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$258,402
Expenses
$313,134
Net Income
-$54,732
Net Assets
$6,899,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,146
27.5%
Program Services $121,371
47.0%
Investment Income $65,885
25.5%
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 $6,973,455
Total Liabilities $74,010
Net Assets $6,899,445
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Treasurer) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (President) $0 $0 $0
Robert Gormley (Vice President) $0 $0 $0
Thomas Piche (Director) $0 $0 $0
Paul Smith (Director) $0 $0 $0
Sarah Bullock (Director) $0 $0 $0
Michelle Capone (Director) $0 $0 $0
Tod Nash (Director) $0 $0 $0
Bruce Ferguson (Director) $0 $0 $0
Derek Davis (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$191,155
Expenses
$320,106
Net Income
-$128,951
Net Assets
$7,546,188
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $123,974
64.9%
Investment Income $67,181
35.1%
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 $7,574,463
Total Liabilities $28,275
Net Assets $7,546,188
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mc Ilroy (Treasurer) $0 $0 $0
Dave Zembiec (Dir Ector) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (Vice President) $0 $0 $0
Robert Gormley (President) $0 $0 $0
Thomas Piche (Director) $0 $0 $0
Paul Smith (Director) $0 $0 $0
Mark Keddy (Dire Ctor) $0 $0 $0
Sarah Bullock (Director) $0 $0 $0
Michelle Capone (Dir Ector) $0 $0 $0
Tod Nash (Dir Ector) $0 $0 $0
Bruce Ferguson (Dir Ector) $0 $0 $0
Derek Davis (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$413,582
Expenses
$341,472
Net Income
$72,110
Net Assets
$7,675,139
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $344,797
83.4%
Investment Income $68,785
16.6%
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 $7,715,228
Total Liabilities $40,089
Net Assets $7,675,139
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Treasurer) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (Vice President) $0 $0 $0
Robert Gormley (President) $0 $0 $0
Thomas Piche (Director) $0 $0 $0
Paul Smith (Director) $0 $0 $0
Mark Keddy (Director) $0 $0 $0
Sarah Bullock (Director) $0 $0 $0
Michelle Capone (Director) $0 $0 $0
Tod Nash (Director) $0 $0 $0
Bruce Ferguson (Director) $0 $0 $0
Derek Davis (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$573,102
Expenses
$289,484
Net Income
$283,618
Net Assets
$7,634,982
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $507,716
88.6%
Investment Income $65,386
11.4%
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 $7,708,985
Total Liabilities $74,003
Net Assets $7,634,982
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Treasurer) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (Secretary) $0 $0 $0
Robert Gormley (President) $0 $0 $0
Thomas Piche (Director) $0 $0 $0
Terry Buckley (Vice President) $0 $0 $0
Paul Smith (Supervisor) $0 $0 $0
Terry Roche (Director) $0 $0 $0
Derek Davis (Director) $0 $0 $0
John Mchugh (Director) $0 $0 $0
Mark Keddy (Director) $0 $0 $0
James W Wright (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$479,425
Expenses
$385,924
Net Income
$93,501
Net Assets
$7,351,364
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $514,646
> 100%
Investment Income -$35,221
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 $7,447,907
Total Liabilities $96,543
Net Assets $7,351,364
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Wayne Mcilroy (Treasurer) $0 $0 $0
Dave Zembiec (Director) $0 $0 $0
Don Alexander (Director) $0 $0 $0
Bruce Armstrong (Secretary) $0 $0 $0
Robert Gormley (President) $0 $0 $0
Thomas Piche (Director) $0 $0 $0
Terry Buckley (Vice President) $0 $0 $0
Paul Smith (Director) $0 $0 $0
Terry Roche (Director) $0 $0 $0
Derek Davis (Director) $0 $0 $0
Mark Keddy (Director) $0 $0 $0
James W Wright (Director) $0 $0 $0
John Mchugh (2 Nd Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,232
Expenses
$770,207
Net Income
-$219,975
Net Assets
$7,257,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $258,270
46.9%
Program Services $400,815
72.8%
Investment Income -$108,853
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 $42,917
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,398,733
Total Liabilities $140,870
Net Assets $7,257,863

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$942,889
Expenses
$811,998
Net Income
$130,891
Net Assets
$7,477,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $294,982
31.3%
Program Services $582,349
61.8%
Investment Income $65,558
7.0%
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 $56,413
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,747,077
Total Liabilities $269,239
Net Assets $7,477,838

Document Links

Fiscal Year Ending Dec.
2010

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.
2009

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.
2008

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.
2007

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.
2006

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.
2005

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.
2003

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.
2002

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.
2001

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

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.

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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

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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.
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  • 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.
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