Powell Development Corporation
Organization exists to advance, encourage, and promote industrial and commerical development in the city of powell.
Powell Development Corporation at a glance
In short: Powell Development Corporation gave $530K across 8 grants in 2025 (avg $66K), mostly in Ohio. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $530,398
- +76.6% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $66,300
- +32.4% vs 2024
- Median grant
- $15,250
- Total assets
- $1,666,278
- -12.9% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Powell Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was CSD Powell LLC ($376K). Together the top 8 received $530K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 18 grants of 22 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $5K (2022) to $530K (2025). In 2025 it made 8 grants totaling $530K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CSD Powell LLC Powell, OH | Business Development | $376,000 |
| Nocterra Brewing Company LLC Sunbury, OH | Business Development | $73,855 |
| Kimberly's Diamond Corner LLC Powell, OH | Business Development | $18,187 |
| CSD Powell RG LLC Powell, OH | Business Development | $18,000 |
| Sun Restaurant Inc DBA Espresso 22 Powell, OH | Business Development | $12,500 |
| Dream Catcher Hospitality LLC DBA the Locust Table Powell, OH | Business Development | $12,190 |
| McClurg Properties LLC Powell, OH | Business Development | $11,701 |
| Liberty 88 LLC Columbus, OH | Business Development | $7,965 |
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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 | $1,666,278 | $830,390 | $781,840 | $530,398 | 8 | $19,698 |
| 2024 | $1,913,978 | $876,691 | $608,895 | $300,404 | 6 | $26,691 |
| 2023 | $1,942,432 | $678,344 | $93,276 | — | — | $18,344 |
| 2022 | $471,314 | $361,050 | $57,157 | $4,884 | Total only | — |
| 2021 | $166,921 | $27,500 | $99,413 | $66,004 | 8 | — |
| 2020 | $238,834 | $306,100 | $163,051 | $132,922 | 15 | — |
| 2019 | $95,785 | $26,572 | $63,735 | — | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Powell Development Corporation
Based on IRS filings
Powell Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Powell, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 8 grants totaling $530K. Net investment income was $20K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Powell Development Corporation is led by Jim Hrivnak, Chairman since 2021 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jim Hrivnak
Chairman
Chariman → Chairman, 2021
On filings since 2019
1 hr/week
No compensation reported
Andrew White
Secretary
City Manager → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Nicole Scott
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Tom Counts
Mayor
On filings since 2024
1 hr/week
No compensation reported
Former officers (6)
- Former: Daniel Swartwout (2023) — Mayor
- Former: Brian Lorenz (2019–2022) — City Council
- Former: Don Emerick (2019–2022) — Member
- Former: Mike Linehan (2019–2020) — Treasurer
- Former: Dave Betz (2019) — Secretary
- Former: Karen Sybert (2019) — Finance Director
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 Powell Development Corporation
How much does Powell Development Corporation give each year?
Powell Development Corporation gave $530K across 8 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $300K across 6 grants.
What is Powell Development Corporation's typical grant size?
Powell Development Corporation's median grant in 2025 was $15,250, and its average grant was $66,300, across 8 grants on its 2025 IRS Form 990.
Where does Powell Development Corporation give grants?
Powell Development Corporation gives mostly in Ohio: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Powell, OH (6 grants).
Does Powell Development Corporation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Powell Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Business Development" (8 grants).
Who are Powell Development Corporation's largest grantees?
Powell Development Corporation's largest 2025 grantees include CSD Powell LLC ($376,000), Nocterra Brewing Company LLC ($73,855) and Kimberly's Diamond Corner LLC ($18,187), according to its 2025 IRS Form 990. Together they received 88% of its itemized 2025 grant dollars.
How large is Powell Development Corporation?
Powell Development Corporation reported $1.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $830K.
What is Powell Development Corporation?
Powell Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Powell, OH. It holds $1.7M in total assets as of 2025.
What is Powell Development Corporation's EIN?
Powell Development Corporation's EIN (Employer Identification Number) is 27-2904588. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 29, 2022)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 4, 2026)
- Added Form 990-EZ for fiscal year 2019 (received by the IRS November 16, 2020)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- IRS filings on file for fiscal years 2020–2024
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