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EIN 39-1288135

Middleton Area Development Corporation

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Middleton
State
Wisconsin
Year formed
1978
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Middleton Area Development Corporation facilitates economic development in the city by providing loans to local businesses. Our goal is to encourage businesses to either stay or expand in Middleton, and create new job opportunities. All loans are offered at standard rates and require repayment based on a monthly payment schedule. We also rent the airport terminal building back to the airport operations company Morey Airplane Company.
Total revenues
$238,622
2023
Total expenses
$54,024
2023
Total assets
$4,803,228
2023
Num. employees
0
2023

Program areas at Middleton Area Development Corporation

We loan money to appropriate local businesses as an incentive to keep them in Middleton, or to expand in Middleton and create new jobs. All loans are at standard rates and are repaid based on a monthly payment schedule.
We rent the airport terminal building back to the airport operations company (morey airplane company)

Personnel at Middleton Area Development Corporation

NameTitleCompensation
Kevin MahaneyPresident$0
Todd PassiniSecretary$0
Jeff ZwettlerVice President$0
Deanna PorterTreasurer$0
Andrew LewisSecretary$0
...and 1 more key personnel

Financials for Middleton Area Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$96,892
Investment income and dividends$122,098
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$19,632
Total revenues$238,622

Form 990s for Middleton Area Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-20990View PDF
2022-122023-04-11990View PDF
2021-122022-04-23990View PDF
2020-122021-04-16990View PDF
2019-122020-12-12990View PDF
...and 10 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 12, 2023
Updated personnel
Identified 2 new personnel
June 9, 2023
Used new vendors
Identified 1 new vendor, including
July 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelNo full-time employees
General information
Address
PO Box 620185
Middleton, WI 53562
Metro area
Madison, WI
County
Dane County, WI
Website URL
madcwi.com/ 
Phone
(608) 770-2265
IRS details
EIN
39-1288135
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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