Albion Economic Development Corporation
Public records raise at least one point you should look into before giving.
What it says it does
ORGANIZATION'S MISSION IS TO PROMOTE DEVELOPMENT IN THE ALBION TRADE AREA BY LOANING FUNDS OR FURNISHING SITES AND BUILDINGS FOR INDUSTRIES INTERESTED IN LOCATING IN ALBION AND ITS TRADE TERRITORY.
- Income
- $368,921
- Spending
- $108,033
- Employees
- 0
Source: Form 990 for the year ending March 31, 2026, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending March 31, 2026, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending March 31, 2026, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- THE ALBION ECONOMIC DEVELOPMENT CORPORATION (AEDC) IS FOCUSED ON ECONOMIC AND CIVIC DEVELOPMENT IN THE ALBION, NE AREA. DURING THE FISCAL YEAR ENDED MARCH 31, 2025, IT GAVE A LAND GRANT TO BOONE BEGINNINGS FOR THE DEVELOPMENT OF A NON-PROFIT CHILD CARE FACILITY. IT ALSO PROVIDED CASH GRANTS TO BOONE BEGINNINGS FOR SAID FACILITY AND A CASH GRANT TO THE BOONE COUNTY AGRICULUTURAL EDUCATION CENTER FOR THE FAIRGROUNDS PROJECT. FUTURE PROJECTS IN DEVELOPMENT INCLUDE AFFORDABLE HOUSING DEVELOPMENTS, WHICH ARE IN PROGRESS. SEVERAL GRANTS WERE ALSO GIVEN FOR INFRASTRUCE DEVELOPMENT AND DOWNTOWN IMPROVEMENTS.
Source: Form 990 for the year ending March 31, 2026, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending March 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2005.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.