EIN 35-1789121

Fulton Economic Development Corporation

Name: Fulton Economic Development Corporation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Rochester

State

Indiana

Year formed

2010

Most recent tax filings

2023-12-01

NTEE code, primary

S30: Economic Development

Description

Fulton Economic Development Corporation (FEDCO) collaborates with city and county governments, schools, and local businesses to foster a supportive environment for success. The organization drives economic prosperity and growth throughout Fulton County, Indiana, by facilitating the start, relocation, and expansion of businesses. FEDCO engages with stakeholders to address economic and community development concerns while creating impactful programs that generate jobs, enhance career development opportunities, and improve the overall quality of life in the community.

Total revenues

$707,523

2023

Total expenses

$726,887

2023

Total assets

$1,822,082

2023

Num. employees

2023

Program areas at Fulton Economic Development Corporation

To assist in the Development and expansion of small business and industry in Fulton county, Indiana in order to reduce unemployment and under-employment.

Who funds Fulton Economic Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Northern Indiana Community Foundation (NICF)	2022-12	Splash Pad/new Court	$24,500
AmazonSmile Foundation	2022-12	General Support	$5

Personnel at Fulton Economic Development Corporation

Name	Title	Compensation	Date of data
Michael C. Ladd	Director	$64,167	2024-12-10
Terry Lee	Past Executive Director	$69,800	2021-12-31
Tiffany Futrell	Past Former Director	$51,448	2023-12-31
Michelle Million	Secretary and Treasurer	$0	2024-12-10
Jason Grube	President	$0	2024-12-10
...and 2 more key personnel

Financials for Fulton Economic Development Corporation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$691,963	$700,233	-1.2%
Program services	$8,557	$7,550	13.3%
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$5,832	$5,760	1.2%
Net gain from sale of non-inventory assets	$0	$21,684	-100%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$1,171	$85	1277.6%
Total revenues	$707,523	$735,312	-3.8%

Form 990s for Fulton Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-10-03	990	View PDF
2022-12	2023-11-13	990	View PDF
2021-12	2022-10-12	990	View PDF
2020-12	2021-08-25	990	View PDF
2019-12	2020-10-23	990	View PDF
...and 7 more Form 990s

Organizations like Fulton Economic Development Corporation

Organization	Type	Location	Revenue
Orange County Economic Development Corporation	501(c)(3)	French Lick, IN	$383,919
Southern Maine Finance Agency	501(c)(3)	Biddeford, ME	$719,081
Kodiak Economic Development Corporation	501(c)(3)	Kodiak, AK	$270,259
Long Island Development Corporation	501(c)(3)	Hauppauge, NY	$623,735
New North	501(c)(3)	Green Bay, WI	$1,851,408
Main South Community Development Corporation	501(c)(3)	Worcester, MA	$3,070,612
Bridgeport Economic Development Corporation	501(c)(3)	Bridgeport, CT	$347,886
Thurston Economic Development Council Center for Business and Innovation	501(c)(3)	Lacey, WA	$1,866,030
Wind River Development Fund	501(c)(3)	Fort Washakie, WY	$1,672,965
Greater Waukegan Development Coalition	501(c)(3)	Waukegan, IL	$746,640

Data update history

December 5, 2024

Updated personnel

Identified 4 new personnel

December 2, 2024

Posted financials

Added Form 990 for fiscal year 2023

February 3, 2024

Received grants

Identified 1 new grant, including a grant for $24,500 from Northern Indiana Community Foundation (NICF)

January 3, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 2, 2024

Updated personnel

Identified 6 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 822 Main St; Rochester, IN 46975
County: Fulton County, IN
Website URL: fultondevelopment.org/
Phone: (574) 223-3326

IRS details

EIN: 35-1789121
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2010
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S30: Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Fulton Economic Development Corporation

Program areas at Fulton Economic Development Corporation

Who funds Fulton Economic Development Corporation

Personnel at Fulton Economic Development Corporation

Financials for Fulton Economic Development Corporation

Form 990s for Fulton Economic Development Corporation

Organizations like Fulton Economic Development Corporation

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