Downtown Greensburg Development Corp

Private foundation · Grantmaker Greensburg, IN EIN: 35-1653453

Downtown Greensburg Development Corp is a private foundation, based in Greensburg, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $751K in total assets. In 2024, it awarded 2 grants totaling $7K. Net investment income was $74K.

Key facts about Downtown Greensburg Development Corp

In short: Downtown Greensburg Development Corp gave $7K across 2 grants in 2024 (avg $3K), mostly in Indiana. Source: 2024 IRS Form 990-PF.

EIN
35-1653453
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$6,975
Grants made (2024)
2
Average grant
$3,488
Median grant
$3,488
Total assets
$751,365
Primary geography
Indiana (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$751K

+9.3% YoY

Annual Giving

$7K

-73.7% YoY

Grant Count

2

-60.0% YoY

Avg Grant Size

$3K

-34.3% YoY

Under IRS private-foundation payout rules, Downtown Greensburg Development Corp reported a distributable amount of $44K for 2024 — the minimum it must pay out in qualifying distributions.

How Downtown Greensburg Development Corp gives

  • Giving fell 89% from 2021 to 2024. Method
  • In 2024 it paid out 21% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

States

Cities

GreensburgRichmondVersailles

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K5 grants2019 8 grants2020 6 grants2021 4 grants2022 5 grants2023 2 grants2024

From 2019 to 2024, annual grant giving ranged from $7K (2024) to $62K (2021). In 2024 it made 2 grants totaling $7K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

SAS Far East LLC: $5KSAS Far East LLC$5KJulie Weber: $2KJulie Weber$2K

The largest 2024 recipient was SAS Far East LLC ($5K). Together the top 2 received $7K.

Grant Size Distribution

25 grants across all recorded years

25<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 25 grants of 25 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
SAS Far East LLC Richmond, INBusiness Development$4,850
Julie Weber Greensburg, INBusiness Development$2,125

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$751,365$687,570$668,904
Revenue$73,686$47,993$61,880
Expenses$9,891$29,327$57,381
Qualifying Distributions$9,185$28,721$55,960
Net Investment Income$73,686$47,993$61,880
Distributable Amount$43,573$38,926$41,075

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 23, 2020)
  2. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Downtown Greensburg Development Corp is led by John Nieman, President since 2023 (on filings since 2019); none of the 8 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • John Nieman

    President

    Director → President, 2023

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Mark Burkert

    Director

    President → Vice President, 2020

    Vice President → Director, 2023

    On filings since 2019

    1 hr/week

    No compensation reported

  • Ronda Peetz

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Julie Weber

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Bob Blankman

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Bonnie Holaday

    Secretary

    Director → Secretary, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Judy Curd

    Treasurer

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Dick Glaser

    Vice President

    Director → Vice President, 2023

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (6)
  • Former: Karen Buening (2019–2023) — Director
  • Former: Leslie Thackery (2019–2023) — Director
  • Former: Melanie Maxwell (2019–2023) — Director
  • Former: Jonathan Speer (2019–2021) — Director
  • Former: Drew Young (2020–2021) — Director
  • Former: Matthew Bailey (2019–2020) — Director

Data from IRS Form 990 filings, 2019–2024. "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 Downtown Greensburg Development Corp

How much does Downtown Greensburg Development Corp give each year?

Downtown Greensburg Development Corp gave $7K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 5 grants.

How large is Downtown Greensburg Development Corp?

Downtown Greensburg Development Corp reported $751K in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $44K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Downtown Greensburg Development Corp operate?

Downtown Greensburg Development Corp has awarded grants in Indiana.

What is Downtown Greensburg Development Corp's EIN?

Downtown Greensburg Development Corp's EIN (Employer Identification Number) is 35-1653453. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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