Area Development Foundation Inc
Promoting and assisting industrial and commercial developments in the mount vernon and Knox county area.
Key facts about Area Development Foundation Inc
- EIN
- 31-6041648
- Latest 990 filing
- Form 990, 2025
- Total assets
- $2,580,742
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$2.6M
+21.1% YoY
Revenue
$813K
-31.0% YoY
Net Investment Income
$118K
+260.6% YoY
Expenses
$529K
-18.4% YoY
About Area Development Foundation Inc
Based on IRS filings
Area Development Foundation Inc is a public charity, based in Mount Vernon, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.6M in total assets. Net investment income was $118K.
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Geographic Focus
Where this funder awards grants
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $15K (2019) to $15K (2020). In 2020 it reported $15K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,580,742 | $2,131,003 | $1,514,405 |
| Revenue | $813,146 | $1,177,947 | $565,367 |
| Expenses | $529,342 | $648,739 | $477,672 |
| Net Investment Income | $118,399 | $32,831 | $47,840 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
Leadership & Key People
Officers and directors from IRS filings
Area Development Foundation Inc is led by Bruce White, Chairman since 2024 (on filings since 2019); none of the 15 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce White
Chairman
Member at Large → Member, 2023
Member → Chairman, 2024
On filings since 2019
1 hr/week
No compensation reported
Gordon Yance
Member at Large
On filings since 2019
No compensation reported
Mark Ramser
Treasurer
On filings since 2019
5 hrs/week
No compensation reported
Ryan Shoemaker
Member
Member at Large → Member, 2023
On filings since 2019
No compensation reported
Teresa Bemiller
Member
Member at Large → Member, 2023
On filings since 2019
No compensation reported
Matt Starr
Member
Memebr at Large → Vice Chair, 2023
Vice Chair → Member, 2024
On filings since 2020
No compensation reported
Bill Buckley
Vice Chair
Member → Vice Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Greg Sands
Member
On filings since 2021
No compensation reported
Bill Hanna
Member
On filings since 2022
No compensation reported
Brian Huprich
Member
On filings since 2022
No compensation reported
Matt Wushinske
Member at Large
Member → Member at Large, 2023
On filings since 2022
No compensation reported
Michele Englebach
Member
On filings since 2022
No compensation reported
Gary Chapman
Member at Large
On filings since 2024
No compensation reported
Mark Hiner
Member at Large
On filings since 2024
No compensation reported
Todd Hawkins
Member at Large
On filings since 2024
No compensation reported
Former officers (19)
- Former: Adam Garn (2019–2023) — Chairman
- Former: Darrell Kick (2022–2023) — Member at Large
- Former: Jeffrey Gottke (2020–2022) — President
- Former: Jim Buchwald (2019–2021) — Member at Large
- Former: Renee McDaniel (2019–2021) — Member at Large
- Former: Rick Carfagna (2019–2021) — Member at Large
- Former: Vickie Sant (2019–2021) — Vice Chair
- Former: David Stuller (2020–2021) — Member at Large
- Former: Mitch Durbin (2020–2021) — Member at Large
- Former: Bruce Hawkins (2019–2020) — Member at Large
- Former: Clint Bailey (2019–2020) — Chairman
- Former: Joan Jones (2019–2020) — Member at Large
- Former: Korey Kidwell (2019–2020) — Secretary
- Former: Terry Divelbiss (2019–2020) — Member at Large
- Former: Dave Beck (2019) — Member at Large
- Former: Jeffry Harris (2019) — President
- Former: Paul Prater (2019) — Member at Large
- Former: Richard Hamlin (2019) — Member at Large
- Former: Richard Mavis (2019) — Memebr at Large
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Area Development Foundation Inc
How large is Area Development Foundation Inc?
Area Development Foundation Inc reported $2.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $813K.
Where does Area Development Foundation Inc operate?
Area Development Foundation Inc has awarded grants in Ohio.
What is Area Development Foundation Inc's EIN?
Area Development Foundation Inc's EIN (Employer Identification Number) is 31-6041648. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Area Development Foundation Inc by hand.
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