Boone County Economic Development Corporation
Public records raise at least one point you should look into before giving.
What it says it does
TO PROMOTE ECONOMIC DEVELOPMENT IN BOONE COUNTY.
- Income
- $759,251
- Spending
- $539,858
- Employees
- 5
- Volunteers
- 7
- Highest pay
- $101,700, ceo
Source: Form 990 for the year ending December 31, 2025, 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 December 31, 2025, 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 December 31, 2025, 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 (3)
- THE BOONE COUNTY ECONOMIC DEVELOPMENT CORPORATION (BOONE EDC) WORKS TO PROMOTE SUSTAINABLE ECONOMIC GROWTH AND IMPROVE QUALITY OF LIFE IN BOONE COUNTY, INDIANA. THIS PROGRAM FOCUSES ON BUSINESS ATTRACTION, SITE DEVELOPMENT, AND STRATEGIC PARTNERSHIPS TO EXPAND THE LOCAL TAX BASE AND CREATE JOBS.SERVICES ARE PROVIDED YEAR-ROUND TO THE RESIDENTS AND BUSINESSES OF BOONE COUNTY. IN 2025, BOONE EDC SUPPORTED MULTIPLE ECONOMIC DEVELOPMENT PROJECTS BY PROVIDING SITE SELECTION ASSISTANCE, DEMOGRAPHIC AND WORKFORCE DATA, AND COORDINATION WITH LOCAL, REGIONAL, AND STATE PARTNERS. THESE EFFORTS CONTRIBUTED TO BUSINESS INVESTMENT, JOB CREATION, AND CONTINUED ECONOMIC VITALITY ACROSS THE COUNTY.
- THE BUSINESS RETENTION & EXPANSION PROGRAM IS DESIGNED TO SUPPORT EXISTING BOONE COUNTY EMPLOYERS BY IDENTIFYING THEIR NEEDS, ADDRESSING CHALLENGES, AND HELPING THEM GROW.IN 2025, BOONE EDC CONDUCTED 35 BR&E VISITS WITH LOCAL COMPANIES REPRESENTING OVER 600 EMPLOYEES. THESE VISITS WERE CONDUCTED THROUGHOUT THE YEAR AND PROVIDED DIRECT ENGAGEMENT WITH EMPLOYERS TO ASSESS WORKFORCE NEEDS, INFRASTRUCTURE CONCERNS, AND EXPANSION OPPORTUNITIES. BOONE EDC CONNECTED BUSINESSES TO RESOURCES, TECHNICAL ASSISTANCE, AND PARTNER ORGANIZATIONS TO HELP RETAIN JOBS AND ENCOURAGE REINVESTMENT IN THE COMMUNITY.ADDITIONALLY, BOONE EDC ADMINISTERS A MICROLOAN PROGRAM TO SUPPORT SMALL BUSINESS GROWTH AND ENTREPRENEURSHIP. THIS PROGRAM PROVIDES ACCESS TO CAPITAL FOR LOCAL BUSINESSES, HELPING THEM START, EXPAND, AND STABILIZE OPERATIONS WITHIN BOONE COUNTY.
- WORKFORCE DEVELOPMENT: THROUGHOUT 2025, BOONE EDC COLLABORATED WITH LOCAL SCHOOLS, TRAINING PROVIDERS, AND EMPLOYERS TO SUPPORT WORKFORCE INITATIVES, CAREER AWARENESSS, AND TALENT DEVELOPMENT. ACTIVITIES INCLUDED HOSTING AND PARTICIPATING IN WORKFORCE-RELATED EVENTS, FACILITATING EMPLOYER ENGAGEMENT WITH EDUCATION PARTNERS, AND PROMOTING CAREER PATHWAYS TO STUDENTS AND JOB SEEKERS ACROSS BOONE COUNTY. THESE EFFORTS SERVED THE BROADER COMMUNITY AND HELPED ALIGN WORKFORCE SKILLS WITH CURRENT AND FUTURE EMPLOYER NEEDS.
Source: Form 990 for the year ending December 31, 2025, 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 October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2011 for not filing returns for three years, and reinstated on May 15, 2011.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 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.