Fayette County Industrial Development Corp
Fayette County Industrial Development Corp is a public charity based in Connersville, Indiana. Its stated work is to develop and operate land and properties to create jobs and support economic development in Connersville and Fayette County, including through local manufacturing expansion.
Fayette County Industrial Development Corp at a glance
- Total assets
- $3,418,059
- -1.4% vs 2024
- Revenue (2025)
- $238,882
- -15.9% vs 2024
- Net investment income (2025)
- $57,411
- +22.7% vs 2024
- Expenses (2025)
- $285,165
- +10.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Fayette County Industrial Development Corp
- Contact
Mailing address: 410 N Central Ave, Connersville, IN 47331
Phone: (765) 827-1366
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fayette County Industrial Development Corp funds
How this funder distributes its grants
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
The stated geographic focus is Connersville and Fayette County, Indiana.
Grant Distribution by State
States
Cities
How Fayette County Industrial Development Corp gives
- Giving fell 59% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $15K (2022) to $493K (2020). In 2023 it made 21 grants totaling $202K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brian's Bistro and More LLC Connersville, IN | Covid Funding | $10,000 |
| Daniel Girls Farmhouse Restaurant Connersville, IN | Covid Funding | $10,000 |
| Day's Martial Arts Connersville, IN | Covid Funding | $10,000 |
| Foxycuts Connersville, IN | Covid Funding | $10,000 |
| Jacobs & Brichford LLC Connersville, IN | Covid Funding | $10,000 |
| John R Roberts DDS Connersville, IN | Covid Funding | $10,000 |
| Jonesy's LLC Connersville, IN | Covid Funding | $10,000 |
| Moore Precision Machining LLC Connersville, IN | Covid Funding | $10,000 |
| Papermoon Designs Connersville, IN | Covid Funding | $10,000 |
| Parts Pro Automotive & Performance LLC Connersville, IN | Covid Funding | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $3,418,059 | $238,882 | $285,165 | — | — | $57,411 |
| 2024 | $3,465,280 | $284,009 | $257,109 | — | — | $46,783 |
| 2023 | $3,435,997 | $374,996 | $501,663 | $201,876 | 21 | $10,127 |
| 2022 | $3,562,789 | $147,597 | $268,042 | $15,000 | 1 | $7,928 |
| 2021 | $3,687,831 | $352,780 | $553,239 | $215,000 | 21 | $20,239 |
| 2020 | $4,144,546 | $-3,082,532 | $863,008 | $492,954 | 27 | $-3,838,985 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated mission is to procure, develop, and operate land and properties to create job opportunities and foster economic development in Connersville and Fayette County. Its 2025 filing describes activities aimed at job growth for unemployed and economically disadvantaged people through local manufacturing expansion, and says it has assisted businesses in an industrial park and elsewhere in the county.
The website describes support for local businesses through resources such as workforce training connections and lower-interest revolving-fund loans for qualifying equipment purchases tied to job creation.
Grantmaking
The 2023 filing reports $201,876 in grants across 21 grants, an average of about $9,613 per grant. The 2024 and 2025 filings each report zero grants. No grantee names or grant amounts are provided in the available information.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists these officers and directors: Tom DeBaun, director; Jeremy Duncan, director; Chad Frank, director; Georgia Green, secretary; Hannah Hedgespeth, director; Derrick Mathews, treasurer; Diana Phillips, vice preside; Kay Riker-Peyton, director; Jim Spence, director; and Dale Strong, director.
Fayette County Industrial Development Corp is led by Richie Ware, President on every filing since 2020; none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richie Ware
President
On filings since 2020
10 hrs/week
No compensation reported
Chad Frank
Director
On filings since 2020
5 hrs/week
No compensation reported
Dale Strong
Director
On filings since 2020
5 hrs/week
No compensation reported
Jim Spence
Director
On filings since 2020
5 hrs/week
No compensation reported
Jeremy Duncan
Director
On filings since 2023
5 hrs/week
No compensation reported
Jason Troutwine
Director
On filings since 2024
5 hrs/week
No compensation reported
Hannah Hedgespeth
Director
New on the 2025 filing
5 hrs/week
No compensation reported
Kay Riker-Peyton
Director
New on the 2025 filing
5 hrs/week
No compensation reported
Tom Debaun
Director
New on the 2025 filing
5 hrs/week
No compensation reported
Derrick Mathews
Treasurer
On filings since 2020
10 hrs/week
No compensation reported
Georgia Green
Secretary
On filings since 2020
10 hrs/week
No compensation reported
Diana Phillips
Vice President
Director → Vice President, 2025
On filings since 2023
10 hrs/week
No compensation reported
Former officers (11)
- Former: Hannah Hedgsepeth (2020–2024) — Vice President
- Former: Kylie Foster (2023–2024) — Director
- Former: Sharon Cranfill (2024) — Director
- Former: Craig Kinyon (2020–2023) — Director
- Former: Pete Shaw (2020–2023) — Director
- Former: Scott Bevington (2022–2023) — Director
- Former: Chip Orben (2020–2022) — Director
- Former: Scott Collins (2020–2022) — Director
- Former: Mike Wenta (2020–2021) — Director
- Former: Tommy Williams Jr. (2020–2021) — Director
- Former: Gertrud Whitaker (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Fayette County Industrial Development Corp
How large is Fayette County Industrial Development Corp?
Fayette County Industrial Development Corp reported $3.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $239K.
What does Fayette County Industrial Development Corp fund?
The organization’s stated mission is to procure, develop, and operate land and properties to create job opportunities and foster economic development in Connersville and Fayette County. See mission & focus areas ↑
How do I apply for a grant from Fayette County Industrial Development Corp?
Fayette County Industrial Development Corp has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
Where does Fayette County Industrial Development Corp make grants?
The stated geographic focus is Connersville and Fayette County, Indiana.
What is Fayette County Industrial Development Corp's EIN?
Fayette County Industrial Development Corp's EIN (Employer Identification Number) is 35-1700892. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 23, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS August 21, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Fayette County Industrial Development Corp's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Fayette County Industrial Development Corp down — hundreds of funders to go?