Marshall Area Economic Development
Also known as Maeda
Marshall Area Economic Development reported $119.3 million in revenue and $107.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.93 went to program services, $0.07 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.9% of the total. Government grants made up 99.4%. The highest compensation it reported for one person was $187,811 (PRINCIPAL). 1 person received more than $100,000 in reportable compensation. Revenue rose 15407% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $107MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $119MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.9% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.1% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.9% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 99.4% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $187,811 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.17% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 1 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 33.9 | 18.8 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseTourism promotions: this program is designed to promote the Marshall Area to attract visitors to stay, shop, dine, and enjoy our historic community and events
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRINCIPAL Officer, 40.00 hrs/week | $182,341 | $0 | $5,470 | $187,811 |
1 people received more than $100,000 in reportable compensation from Marshall Area Economic Development (Part VII, line 2). Compensation of current officers, directors and key employees totaled $182K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 517
Private foundation grants it received
1 private foundation reported grants to Marshall Area Economic Development totaling $5,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Marshall Area Economic Development's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Marshall Area Economic Development, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Marshall Area Economic Development spent in FY2025, $99.93 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- National Arbor Day FoundationLincoln, NE · revenue $112M · programs 68.4% · FY2025
- New York Botanical GardenBronx, NY · revenue $125M · programs 78.8% · FY2025
- Sierra Club FoundationOakland, CA · revenue $108M · programs 85.7% · 2024
- Vermont Energy Investment CorporationWinooski, VT · revenue $131M · programs 94.9% · 2024
- Thanksgiving Point InstituteLehi, UT · revenue $100M · programs 86.3% · FY2025
Questions people ask
How much of Marshall Area Economic Development's spending goes to programs?
In the fiscal year ending June 30, 2025, Marshall Area Economic Development reported that 99.9% of its $107.5 million in expenses went to program services, 0.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Marshall Area Economic Development pay its top executive?
The largest total compensation Marshall Area Economic Development reported for one person in the fiscal year ending June 30, 2025 was $187,811, for the role of PRINCIPAL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Marshall Area Economic Development get its money?
Of $119.3 million in revenue in the fiscal year ending June 30, 2025, 99.9% came from contributions and grants (including 99.4% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Marshall Area Economic Development a registered charity?
The IRS lists EIN 46-1516144 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611359349307826 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349316674 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349312276 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320469349301767 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220619349301122 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140159349301139 · read the filing
All filings for EIN 46-1516144: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.