Small Public Charity

WESTFIELD ECONOMIC DEVELOPMENT FOUNDATION INC

WESTFIELD ECONOMIC DEVELOPMENT FOUNDATION INC is a Small Public Charity headquartered in Westfield, IN. Financial data from the 2024 filing: $11K revenue, $773 expenses, $85K total assets. 3 publicly reported grants to this organization, totaling roughly $629K, appear in IRS filings.

EIN: 262259201 Westfield, IN Single Organization Support NTEE: S11 Latest filing: 2024
Total Revenue$11K
Total Expenses$773
Total Assets$85K
Grant Records3
Funding Total$629K
Filing Years2020–2024

Mission

Westfield Economic Development Foundation's primary purpose is to promote economic development in Westfield, Indiana, by creating a vision for the community, supporting market-driven development plans, fostering partnerships between private investors and local government, and generating high-quality jobs. The organization educates leaders, empowers volunteers, raises funds, and conducts outreach to attract investment, all in furtherance of its charitable purpose to lessen the burdens of government and improve the local economy in alignment with Section 501(c)(3).

Where $100 goes at Westfield Economic Development Foundation Inc

How Westfield Economic Development Foundation Inc divides every $100 it spends, from its own Form 990-EZ filings, averaged across 7 years.

$99 Programs the work itself
$1 Everything else operations and overhead

Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.

Inside the $99 for programs

$99
During the year, the organization maintained liability insurance necessary to support its mission of promoting economic development in Westfield
All program spending
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Source: Form 990-EZ filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Treasurer Jamie Goetz Mills
Vice President Jenell Fairman
Secretary Jennifer Hendren
President Randy Zentz

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$33,700 1 grant
Unspecified
$595,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $11K $773 $85K
2023 $12K $799 $74K
2022 $12K $748 $63K
2021 $12K $6K $52K
2020 $206K $849K $46K

Between 2020 and 2024, reported annual revenue declined from $206K to $11K (-95%), with total assets most recently reported at $85K.

Interactive year-over-year charts and full filing details available with membership.

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