Nonprofit · EIN 02-0474842
WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC
Tax-exempt · WOLFEBORO, NH 03894
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $269,573 | $194,954 | $74,619 | $2,217,886 | $1,084,977 | $1,132,909 |
| December 31, 2023 | 990 | $581,662 | $658,803 | -$77,141 | $1,857,711 | $788,670 | $1,069,041 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $136,849
- Program service revenue
- $129,259
- Investment income
- $28
- Other revenue
- $3,437
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $23,833
- Other salaries and wages
- $24,145
- Salaries, compensation and benefits (total)
- $99,353
- Professional fundraising fees
- $0
- Legal fees
- $7,313
- Accounting fees
- $23,724
- Occupancy
- $7,645
- Program services (functional)
- $39,362
- Management and general (functional)
- $155,592
Balance sheet and other
- Total assets, start of year
- $1,846,960
- Total assets, end of year
- $2,217,886
- Total liabilities, end of year
- $1,084,977
- Net assets, end of year
- $1,132,909
- Net assets without donor restrictions
- $189,141
- Net assets with donor restrictions
- $943,768
- Gross receipts
- $269,573
- Employees
- 2
- Volunteers
- 5
- Year formed
- 1993
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John Terrill Jr | executive director Officer | 40 | $23,833 | $47,567 |
| Daniel Osetek | president Trustee or director | 2 | $0 | $0 |
| Bruce Woodruff | vice president Trustee or director | 2 | $0 | $0 |
| John Libby | treasurer Trustee or director | 2 | $0 | $0 |
| Debra Golder | secretary Trustee or director | 2 | $0 | $0 |
| Kathy Fairman | director Trustee or director | 2 | $0 | $0 |
| Laura Colbath | director Trustee or director | 2 | $0 | $0 |
| Jami Bourdeau | director Trustee or director | 2 | $0 | $0 |
| Monika O'Clair | director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN TERRILL JR | EXECUTIVE DIRECTOR Officer | 40 | $21,667 | $43,333 |
| DENISE ROY PALMER | FORMER EXECUTIVE DIRECTOR Officer | 40 | $3,456 | $0 |
| DANIEL OSETEK | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE WOODRUFF | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JOHN LIBBY | TREASUER Trustee or director, Officer | 2 | $0 | $0 |
| DEBRA GOLDER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KATHY FAIRMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAURA COLBATH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMI BOURDEAU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MONIKA O'CLAIR | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 VARNEY RD, WOLFEBORO, NH 03894-4351
- Principal officer (990 for 2024)
- John S TerrillJr, PO Box 641, Wolfeboro, NH 03894
- Signed the 990
- John S TerrillJr, executive director
- Phone
- (603) 569-4216
- Return prepared by
- Chris B Sawyer LLC
Mission
FOUNDED FOR THE SOLE PURPOSE OF PROMOTING ECONOMIC GROWTH IN THE EASTERN LAKES REGION
Program accomplishments
- WEDCO IS A 501(c) 3 OPERATING IN SOUTHERN CARROLL AND NORTHERN STRAFFORD COUNTIES WITH A STATED MISSION TO ADVISE, FINANCE AND PROMOTE THE SMALL BUSINESS ECONOMY IN THE EASTERN LAKES REGION OF NEW HAMPSHIRE. WE FINANCE THOSE THAT MAY NOT MEET THE STANDARDS OF LARGER FINANCIAL INSTITUTIONS FOCUSING ON CHARACTER, CAPACITY TO REPAY AND CLARITY OF THE BUSINESS PLAN, WEDCO STRIVES TO ENSURE SUSTAINABILITY OF OUR FUNDING SOURCES WHILE WORKING WITH THE OFTEN FINANCIALLY UNDERSERVED. WE ARE COMMITTED TO BUSINESS ADVISING FOR ALL SMALL BUSINESS ENTREPENEURS. TOO MANY GREAT IDEAS FAIL BECAUSE OF LACK OF BUSINESS ACUMEN. WE CONNECT OUR CLIENTS AT NO EXPENSE TO THE RESOURCES THEY NEED FOR LONG TERM SUCCESSExpenses $39,362 · grants $127,275 · revenue $269,574
- WE ALSO WORK WITH COMMUNITY PARTNERS TO HELP LOW TO MODERATE INCOME INDIVIDUALS ACIEVE THEIR GOALS THROUGH TECHNICAL ASSISTANCE PROGRAMS DESIGNED TO BUILD MORE BUSINESS EDUCATED ENTREPRENEURS. OUR PROMOTION OF THE SMALL BUSINESS ECONOMY OF THE EASTERN LAKES REGION HELPS BRING ECONOMIC STABILITY WHERE IT IS NEEDED MOST. WHEN ONE BUSINESS DOES WELL, A NEIGHBORING BUSINESS MAY DO WELL. WHEN ONE BUSINESS STRUGGLES, A NEIGHBORING BUSINESS MAY STRUGGLE. WORKING IN CONJUNCTION WITH REGIONAL ECONOMIC DEVELOPMENT COMMITTEES AND MUNICIPALITIES WILL HELP BUILD A MORE BUSINESS FRIENDLY ENVIROMENT WHICH IN TURN WILL LEAD TO A HEALTHY SMALL BUSINESS ECONOMY0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0474842
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $2,217,886
- Income (IRS master file)
- $269,573
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $269,573 | $194,954 | $2,217,886 | XML |
| 990 | December 2023 | $581,662 | $658,803 | $1,857,711 | XML |
| 990 | December 2022 | $255,575 | $265,269 | $1,587,028 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0474842).
Questions about WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC
- What is the EIN of WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC is 02-0474842.
- Is WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names John S TerrillJr.
- Who are the officers and directors of WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $23,833 (John Terrill Jr, executive director).
- How much revenue does WENTWORTH ECONOMIC DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $269,573, expenses of $194,954 and total assets of $2,217,886 at year end.
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