TERRE HAUTE AREA ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

TERRE HAUTE AREA ECONOMIC DEVELOPMENT CORPORATION

EIN 35-1529347 · Homeowners & Tenants Associations (L50)

What they do

to Promote Business Growth and Attract New Business and Industry to Terre Haute and Vigo County, Indiana.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders55 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.42%of revenue went to mission work88.8% of expenses · Program services

$96.18spent for every $100 of revenueRevenue covered expenses this year.

10.76%of revenue went to management and office costs11.2% of expenses

$1.30in assets for every $1 spent this yearSome assets cannot be spent right away.

67.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $209,223 for STEVE WITT (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$803,805

Mission workProgram services$686,60785.42% of revenue88.8% of expenses

ManagementOffice and general costs$86,48710.76% of revenue11.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$30,7113.82% of revenueShown in gray on the chart

Total expenses$773,09496.18% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.8% mission · 11.2% management · 0.0% fundraisingTotal expenses: 96.18% of revenue

2023Expense mix: 90.4% mission · 9.6% management · 0.0% fundraisingTotal expenses: 92.77% of revenue

2022Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 99.61% of revenue

2021Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 87.43% of revenue

2020Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 89.58% of revenue

Money in and money out

Revenue$803,805

Expenses$773,094

Annual surplus $30,711 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$686,607 · 88.8% of expenses

Management and office costs$86,487 · 11.2% of expenses

See all reported dollar amounts

Revenue$803,805

Expenses$773,094

Assets$1,005,188

Income$803,805

Contributions$538,256

Mission work (program services)$686,607

Grants given$22,691

Average grant$22,691

Management and general$86,487

Accounting fees$19,532

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEVE WITTPRESIDENT · 40 hrs/week $209,223Base $142,190 · Other $67,033

CLAUDIA TANOOSVICE PRESIDENT · 40 hrs/week $137,413Base $86,191 · Other $51,222

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (55)

STEVE WITTPRESIDENT

CLAUDIA TANOOSVICE PRESIDENT

MR STEVE DANIELSONMEMBER

MR LARRY YARGUSMEMBER

MR LUKE TERRYMEMBER

MR MARK FUSONMEMBER

MR MARK UNGERPAST CHAIRMAN

MR MATTHEW VAN HOSENMEMBER

MR MELVIN BURKSMEMBER

MR NORM D LOWERYMEMBER

MR PAUL THRIFTMEMBER

MR PETE GODAMEMBER

MR ROB RIGGINSMEMBER

MR ROBERT COONSMEMBER

MR ROBERTO BOHRERVICE CHAIRMAN

MS LESLIE BEARDMEMBER

MR STEVEN HOLMANMEMBER

MR TERRY MACEMEMBER

MR TIM DORAMEMBER

MR TOM DENNYMEMBER

MR TYLER DINKELMEMBER

MRS JENNIFER ISBELL SCOTTMEMBER

MS CASEY SCHROEPPELMEMBER

MS CASSIE HOGGATTMEMBER

MS ELLIE CALDWELLMEMBER

MS JASMINE LOWSMEMBER

MS KAREN DYERMEMBER

MS KRISTIN CRAIGMEMBER

MR DAN GMELICHMEMBER

COMMISSIONER CHRIS SWITZERMEMBER

DR CHRISTOPHER HIMSELMEMBER

DR LEA ANNE CROOKSMEMBER

DR MICHAEL GODARDMEMBER

MAYOR BRANDON SAKBUNMEMBER

MR ANDY HENDRICKSMEMBER

MR ANDY VOLKLMEMBER

MR BART COLWELLMEMBER

MR BRENNAN RANDOLPHMEMBER

MR BRIAN DORSETTMEMBER

MR CLAY SPANGLERMEMBER

MR CORY R LOCKEBILLMEMBER

MR CRAIG MASCHINOMEMBER

MR LUCIANO FARIASMEMBER

MR DAVE PLUCKEBAUMMEMBER

MR DAVID BAKERCHAIRMAN ELECT

MR DAVID TEMPLETONSECRETARY/TREASURER

MR GREG GIBSONCHAIRMAN

MR JAMIE AMODEOMEMBER

MR JEFF HOGUEMEMBER

MR JIM NICHOLSMEMBER

MR JOHN COLLETTMEMBER

MR JORDAN ORWIGMEMBER

MR JUSTIN JENKINSMEMBER

MR KENNY DEPASSEMEMBER

MR LANCE GASSERTMEMBER

About this charity

Recognized since: January 1984
Location: 900 WABASH AVE STE 200, TERRE HAUTE, IN 47807-3246
County: Vigo
In care of: Steve Witt
Primary officer: Steve Witt, President

How to reach them

WebsiteVisit the charity’s website Emailinfo@terrehauteedc.com Phone(812) 234-2524

Filing and classification

Latest tax year: 2024
Tax period began: May 1, 2024
Return type: 990
Tax preparer: SACKRIDER & COMPANY INC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Grant-giving organization: Yes