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Economic Development Properties Inc

  • Owensboro, KY
  • Tax-exempt since April 1960
  • EIN: 61-1105122

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 / Urban, Community Economic Development (NTEE)

Summary charts: organization finances over time

Revenue
$31.9k (2024)

Expenses
$21.4k (2024)

Total Assets
$40.3k (2024)

Total Liabilities
$13.1k (2024)

Source: Form 990 tax filings from 2011 to 2024

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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,949
Expenses
$21,417
Net Income
$10,532
Net Assets
$27,283
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31,949
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,334
Total Liabilities $13,051
Net Assets $27,283
Compensation
Key Employees and Officers Compensation Related Other
Nate Pagan (Director) $0 $0 $0
Janie Marksberry (Director) $0 $0 $0
Scott Mccain (Director) $0 $0 $0
Claude Bacon (President/Ceo) $0 $0 $0
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Document Links

990
Filed on May 5, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,804
Expenses
$131,275
Net Income
-$99,471
Net Assets
$16,751
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31,799
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,369
Total Liabilities $13,618
Net Assets $16,751
Compensation
Key Employees and Officers Compensation Related Other
Tom Watson (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Brittaney Johnson (President) $0 $0 $0
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Document Links

990
Filed on May 2, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,275
Expenses
$44,319
Net Income
-$12,044
Net Assets
$116,222
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $32,262
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $125,767
Total Liabilities $9,545
Net Assets $116,222
Compensation
Key Employees and Officers Compensation Related Other
Tom Watson (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Brittaney Johnson (President) $0 $0 $0
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Document Links

990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,730
Expenses
$58,748
Net Income
-$24,018
Net Assets
$128,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $34,717
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $137,211
Total Liabilities $8,945
Net Assets $128,266
Compensation
Key Employees and Officers Compensation Related Other
Tom Watson (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Brittaney Johnson (President) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 21, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$1,097,455
Expenses
$61,767
Net Income
-$1,159,222
Net Assets
$132,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $101
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,131,880
Net Inventory Sales $0
Other Revenue $34,324
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $134,856
Total Liabilities $2,530
Net Assets $132,326
Compensation
Key Employees and Officers Compensation Related Other
Tom Watson (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Brittaney Johnson (President) $0 $0 $0
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Document Links

990
Filed on May 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,344
Expenses
$90,385
Net Income
-$49,041
Net Assets
$1,291,548
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $19
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $41,325
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,298,981
Total Liabilities $7,433
Net Assets $1,291,548
Compensation
Key Employees and Officers Compensation Related Other
Tom Watson (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Brittaney Johnson (President) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 3, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,353
Expenses
$73,577
Net Income
-$32,224
Net Assets
$1,340,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $26
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $41,327
99.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,344,158
Total Liabilities $3,569
Net Assets $1,340,589
Compensation
Key Employees and Officers Compensation Related Other
Tom Watson (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Helen Mountjoy (Interim President) $0 $0 $0
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Document Links

990
Filed on Jan. 18, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,590
Expenses
$66,686
Net Income
-$25,096
Net Assets
$1,372,813
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $27
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $41,563
99.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,374,687
Total Liabilities $1,874
Net Assets $1,372,813
Compensation
Key Employees and Officers Compensation Related Other
Ron Payne (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Helen Mountjoy (Interim President) $0 $0 $0
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Document Links

990
Filed on Nov. 8, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,299
Expenses
$58,747
Net Income
-$15,448
Net Assets
$1,397,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $39
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $43,260
99.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,397,909
Total Liabilities $0
Net Assets $1,397,909
Compensation
Key Employees and Officers Compensation Related Other
Ron Payne (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Madison Silvert (President) $0 $0 $0
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990
Filed on May 12, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50,512
Expenses
$76,412
Net Income
-$25,900
Net Assets
$1,413,357
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $68
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $50,444
99.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,415,817
Total Liabilities $2,460
Net Assets $1,413,357
Compensation
Key Employees and Officers Compensation Related Other
Ron Payne (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Madison Silvert (President) $0 $0 $0
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Document Links

990
Filed on Feb. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,029
Expenses
$41,498
Net Income
$12,531
Net Assets
$1,439,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,235
4.1%
Program Services $0
Investment Income $69
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $51,725
95.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,441,836
Total Liabilities $2,579
Net Assets $1,439,257
Compensation
Key Employees and Officers Compensation Related Other
Ron Payne (Director) $0 $0 $0
Dean Stanley (Director) $0 $0 $0
Al Mattingly (Director) $0 $0 $0
Madison Silvert (President) $0 $0 $0
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Document Links

990
Filed on Feb. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,057,905
Expenses
$21,195
Net Income
$1,036,710
Net Assets
$1,426,726
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,005,000
95.0%
Program Services $0
Investment Income $73
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $52,832
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,430,462
Total Liabilities $3,736
Net Assets $1,426,726

Document Links

990
Filed on July 2, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$40,470
Expenses
$20,634
Net Income
$19,836
Net Assets
$390,017
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,500
95.1%
Investment Income $232
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,738
4.3%
Assets/Debt
Total Assets $391,517
Total Liabilities $1,500
Net Assets $390,017

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$44,450
Expenses
$14,635
Net Income
$29,815
Net Assets
$370,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,835
87.4%
Investment Income $3,258
7.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,357
5.3%
Assets/Debt
Total Assets $371,681
Total Liabilities $1,500
Net Assets $370,181

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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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Byline

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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