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EIN 47-5380096

Mount Vernon Development Company

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mount Vernon
State
Ohio
Year formed
2015
Most recent tax filings
2020-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Notice
This nonprofit is terminated or no longer active
Mount Vernon Development Company may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
To support civic renovation efforts in Mount Vernon, Ohio, and in doing so, lessen the burdens of government, and to receive donations consistent with the purposes of the corporation. Receive donations to support civic renovations in Mount Vernon, Ohi...
Total revenues
$22,143
2020
Total expenses
$5,851,981
2020
Total assets
$0
2020
Num. employees
0
2019

Program areas at Mount Vernon Development Company

The Mount Vernon Development Company has been active in the acquisition of properties in downtown Mount Vernon that were in a state of disrepair. Some upgrades to those properties have been completed and others are presently underway. In addition, the Mount Vernon Development Company acquired dilapidated properties and constructed four parking areas adjacent to downtown on those properties. Having parking available is critical to the long-term viability of downtown Mount Vernon. These lots are available to the public and will also be utilized by the following organizations which recently renovated properties in downtown Mount Vernon: knox community hospital, Mount Vernon nazarene university, and kenyon college. Having employees and students located in downtown Mount Vernon brings consumers to a formerly inactive downtown. The work and investments of the Mount Vernon Development Company have resulted in a significant economic impact to the city of Mount Vernon and its regrowth.
This income was used to support community economic Development efforts

Grants made by Mount Vernon Development Company

GranteeGrant descriptionAmount
Kenyon CollegeTo Address Community Economic Development Strategies in Mount Vernon, Ohio Consistent With the Mission of the Organization$2,066,206
Knox County FoundationTo Address Community Economic Development Strategies in Mount Vernon, Ohio Consistent With the Mission of the Organization$1,343,931
Knox County FoundationTo Address Community Economic Development Strategies in Mount Vernon, Ohio Consistent With the Mission of the Organization$255,750

Personnel at Mount Vernon Development Company

NameTitleCompensation
Kim RosePresident$0

Financials for Mount Vernon Development Company

RevenuesFYE 12/2020
Total grants, contributions, etc.$0
Investment income and dividends$22,143
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$22,143

Form 990s for Mount Vernon Development Company

Fiscal year endingDate received by IRSFormPDF link
2020-122021-06-17990PFView PDF
2019-122021-02-19990View PDF
2018-122019-11-01990View PDF
2017-122018-08-23990View PDF
2016-122017-10-18990View PDF
...and 1 more Form 990

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Data update history
May 12, 2022
Posted financials
Added Form 990PF for fiscal year 2020
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
March 29, 2021
Used new vendors
Identified 3 new vendors, including , , and
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
January 22, 2020
Updated personnel
Identified 5 new personnel
Nonprofit Types
Social advocacy organizationsBusiness and community development organizations
Issues
Human servicesCommunity improvementEconomic development
Characteristics
State / local levelNo full-time employeesTerminated
General information
Address
PO Box 469
Mount Vernon, OH 43050
Metro area
Columbus, OH
County
Knox County, OH
Phone
(740) 392-4940
IRS details
EIN
47-5380096
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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