Mission
TO FURTHER ECONOMIC DEVELOPMENT,PRINCIPALLY WITHIN ANY AND ALL COUNTIES LOCATED IN NORTH CENTRAL INDIANA AND SOUTHWEST MICHIGAN.
Public Charity
BUSINESS DEVELOPMENT CORPORATION
Based in SOUTH BEND, IN, BUSINESS DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $1.1M in revenue, $783K in expenses, $6.7M in total assets for fiscal year 2025. Imperigo tracks 16 reported grants from this foundation totaling approximately $163K.
EIN: 351548607
SOUTH BEND, IN
Latest filing: 2025
Total Revenue$1.1M
Total Expenses$783K
Total Assets$6.7M
Grants Given16
Grant Total$163K
Filing Years2021–2025
Where $100 goes at Business Development Corporation
How Business Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$75
Programs
the work itself
$25
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $75 for programs
$75
Economic development
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
EDUCATION PROGRAMS
$15,000
SUPPORT PROGRAM
$15,000
CAPITAL COACHING
$15,000
OTHERS
$6,500
OTHERS
$7,500
Showing up to 5 of 16 total records — full history available with membership.
Officers & Directors
DIRECTOR
Alan Steele
DIRECTOR
Bryan Olund
PRESIDENT
Carrie Kosac
PRESIDENT/CO
Elizabeth J Wittling
DIRECTOR
Heather Obermeyer
DIRECTOR
Jill Scicchitano
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.1M | $783K | $6.7M |
| 2024 | $1.0M | $672K | $6.5M |
| 2023 | $888K | $620K | $6.0M |
| 2022 | $816K | $699K | $4.8M |
| 2021 | $872K | $612K | $5.1M |
Between 2021 and 2025, reported annual revenue grew from $872K to $1.1M (+26%), with total assets most recently reported at $6.7M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in IN, MI.
INMI
Full geographic grant map with state-by-state breakdown available with membership.