Terre Haute Area Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351529347 ✦ Terre haute, IN ✦ Designated as a 501(c)(4)

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Overview

What is Terre Haute Area Economic Development Corporation?

The Terre Haute Area Economic Development Corporation (THEDC) is a nonprofit organization situated in Terre Haute, Indiana, with a mission to foster business growth and attract new industries to the area. One of their significant achievements is aiding Saturn Petcare, a European private-label pet food producer, in expanding its manufacturing facility in Vigo County. This expansion will double the production capacity and add 50 new jobs. Additionally, THEDC assisted Steel Dynamics Inc. in completing a $231 million expansion project, which will retain 226 employees and create 84 new jobs. Moreover, they facilitated United Steel Supply's acquisition of a building for a new steel service center, generating approximately 20 new jobs. The organization also plays a role in updating the Metropolitan Transportation Plan for the Terre Haute Metropolitan Planning Organization.


Official website here: www.terrehauteedc.com

Is Terre Haute Area Economic Development Corporation legitimate?

Terre Haute Area Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Terre Haute Area Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $376,820
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,209

For more financial information, click here


Official website here: www.terrehauteedc.com

What is the mission statement of Terre Haute Area Economic Development Corporation?

The Terre Haute Area Economic Development Corporation's mission is to stimulate business growth and attract new industries to its region. They aim to achieve this by actively seeking out potential businesses and facilitating their establishment, ultimately fostering economic development and job creation. In the recent fiscal year, they successfully facilitated the expansion of Saturn Petcare, increasing the company's production capacity, and aided in the completion of Steel Dynamics' major expansion project. Their efforts have also led to the establishment of a new steel service center by United Steel Supply, creating additional employment opportunities.


Official website here: www.terrehauteedc.com

Who is the CEO of Terre Haute Area Economic Development Corporation?

Steve Witt is the Vice President of Terre Haute Area Economic Development Corporation.


Official website here: www.terrehauteedc.com

What is the revenue of Terre Haute Area Economic Development Corporation?

Terre Haute Area Economic Development Corporation's revenue in 2023 was $822,194.


Official website here: www.terrehauteedc.com

Who are the executives of Terre Haute Area Economic Development Corporation and what are their salaries?

The average compensation at Terre Haute Area Economic Development Corporation during 2023 was $111,406. There are 5 employees at Terre Haute Area Economic Development Corporation.


Here are 67 key members and their salaries:


Claudia Tanoos (Vice President)
  • Compensation: $80,332
  • Related: $0
  • Other: $55,392
Steve Witt (President)
  • Compensation: $168,440
  • Related: $0
  • Other: $72,656
Mr Jeff Hogue (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Daniel Egge (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr David Hannum (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Jennifer Isbell Scott (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mayor Duke Bennett (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Dave Pluckebaum (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Fred P'Pool (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Tim Dora (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Brian Dorsett (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Rick Burger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Brian Harris (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Casey Schroeppel (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Pat Carney (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Steve Danielson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Jamie Amodeo (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Norm Lowery (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Mark Unger (Chairman Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Mark Fuson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Lance Gassert (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr David Templeton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Matthew Johnson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Michael Goda (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Melvin Burks (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Larry Yargus (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Andy Hendricks (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Luke Terry (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Charles Thurston (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr David Baker (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Deborah Curtis (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Lea Anne Crooks (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Josh Zuerner (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Terry Mace (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Daniel Conley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Dan Gmelich (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Jim Nichols (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Kenny Depasse (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Greg Gibson (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Grant Bradley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Robert Coons (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Earl Elliott (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Brennan Randolph (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Andy Volkl (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Tom Denny (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Jihad Douglas (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Chad Bolin (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Heather Strohm (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Roberto Bohrer (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Tyler Dinkel (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Lee Matheson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Fredia Haviland (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Jay Rogers (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Neil Garrison (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Max Watson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Mark Casanova (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Bart Colwell (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Paul Thrift (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Scott Jaeger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Luciano Farias (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Steven Holman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Commissioner Mark Clinkenbeard (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Commissioner Mike Morris (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Commissioner Chris Switzer (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Chris Himsel (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Lisa Lee (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Leslie Beard (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.terrehauteedc.com

Where can I find the form 990 for Terre Haute Area Economic Development Corporation?

Terre Haute Area Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.terrehauteedc.com

Learn more at the official website: www.terrehauteedc.com

Mission Statement of Terre Haute Area Economic Development Corporation

The Terre Haute Area Economic Development Corporation, often abbreviated as THEDC, is dedicated to fostering business growth and attracting new industries to Terre Haute and Vigo County, Indiana. Its primary mission is to serve as a catalyst for economic development by promoting investment opportunities and creating a conducive business environment. The organization actively works towards attracting both local and international businesses, aiming to strengthen the local economy and create job opportunities for the community. By actively engaging with potential investors and providing necessary support, THEDC plays a pivotal role in driving economic growth and development in the region.

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Impact



October, 2024

The Terre Haute Area Economic Development Corporation plays a critical role in driving economic growth and attracting new businesses to Terre Haute and Vigo County, Indiana. Its efforts are evident through significant expansions by existing companies and the establishment of new facilities that enhance local employment and productivity.

One major success story is the planned expansion of Saturn Petcare, a leading player in the global pet food market. The company is set to invest $50 million to double its production capacity and establish a new freezer warehouse, creating 50 additional full-time jobs. This expansion not only underscores Saturn's commitment to growth but also reflects the increasing demand in the pet food sector, which is projected to soar to $163.7 billion by 2029.

Moreover, Steel Dynamics Incorporated is nearing completion of a substantial $231 million expansion project that adds 400,000 square feet to its existing facility in Vigo County. This project is expected to create 84 new jobs with a total annual payroll of $6.7 million while retaining a significant workforce. Historically, the Terre Haute Economic Development Corporation was instrumental in laying the groundwork for Steel Dynamics' success, a relationship that continues to flourish.

Additionally, United Steel Supply's recent acquisition of a building in Vigo County for a new steel service center exemplifies the ongoing investment interest in the area. This initiative will generate about 20 new jobs, further diversifying the local economy and supporting the existing manufacturing base.

Overall, the Terre Haute Area Economic Development Corporation's strategic initiatives not only revitalize the local economy but also foster community growth, ensuring a prosperous future for Terre Haute and Vigo County.



This information is meant to be a general summary of Terre Haute Area Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$822,194 (2023)
Expenses
$818,949 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,241
  • Program Service Revenue: $305,973
  • Gross Receipts: $822,194

Assets and Liabilities:

  • Total Assets: $897,489
  • Total Liabilities: $140,571
  • Net Assets: $756,918

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Marketing Services

Revenue

$250,000

Management Services

Revenue

$55,973

Organization Details

Founding Year

1965

Phone

(812) 234-2524

Principal Officer

Steve Witt

Main Address

900 Wabash Avenue 200, Terre Haute, IN, 47807

Website

www.terrehauteedc.com

NTEE Category

Code: S30 - Community improvement

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