Nonprofit · EIN 14-1582348
EASTERN FINANCE CORPORATION
Tax-exempt · MEDIA, PA 19063
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $229,363 | $143,588 | $85,775 | $1,252,181 | $8,398 | $1,243,783 |
| December 31, 2023 | 990 | $154,091 | $124,961 | $29,130 | $1,092,180 | $16,000 | $1,076,180 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $165,122
- Investment income
- $64,241
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $33,400
- Salaries, compensation and benefits (total)
- $33,400
- Professional fundraising fees
- $0
- Accounting fees
- $2,650
Balance sheet and other
- Total assets, start of year
- $1,092,180
- Total assets, end of year
- $1,252,181
- Total liabilities, end of year
- $8,398
- Net assets, end of year
- $1,243,783
- Publicly traded securities
- $1,151,850
- Net assets without donor restrictions
- $1,243,783
- Gross receipts
- $229,363
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1976
- State of legal domicile
- NY
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 |
|---|---|---|---|
| Ed Nelling | Executive Director Trustee or director, Officer | 4 | $20,000 |
| Jon Fulkerson | VP Finance Trustee or director, Officer | 2 | $12,000 |
| Larry Fauver | Chairman of the Trustees Trustee or director, Officer | 0 | $0 |
| Marc Lipson | President Trustee or director, Officer | 0 | $0 |
| Kathleen Kahle | VP Planning Trustee or director, Officer | 0 | $0 |
| Clifton Green | VP Program Trustee or director, Officer | 0 | $0 |
| Andy Puckett | VP Program Elect Trustee or director, Officer | 0 | $0 |
| Matthew Gustafson | director Trustee or director | 0 | $0 |
| Kristi Minnick | director Trustee or director | 0 | $0 |
| Scott Yonker | director Trustee or director | 0 | $0 |
| Tracy Wang | director Trustee or director | 0 | $0 |
| Ivalina Kalcheva | director Trustee or director | 0 | $0 |
| Michael Pagano | Co-Editor, Financial Revie Trustee or director, Officer | 0 | $0 |
| Tina Yang | Co-Editor, Financial Revie Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ed Nelling | Executive Director Trustee or director, Officer | 4 | $20,000 |
| Jon Fulkerson | VP Finance Trustee or director, Officer | 2 | $12,000 |
| April Knill | Chairman of the Trustees Trustee or director, Officer | 0 | $0 |
| Larry Fauver | President Trustee or director, Officer | 0 | $0 |
| Marc Lipson | VP Planning Trustee or director, Officer | 0 | $0 |
| Kathleen Kahle | VP Program Trustee or director, Officer | 0 | $0 |
| Clifton Green | VP, Program Elect Trustee or director, Officer | 0 | $0 |
| Nicole Boyson | director Trustee or director | 0 | $0 |
| Matthew Gustafson | director Trustee or director | 0 | $0 |
| Adam Reed | director Trustee or director | 0 | $0 |
| Tracy Wang | director Trustee or director | 0 | $0 |
| Ivalina Kalcheva | director Trustee or director | 0 | $0 |
| Veronika Krepely Pool | director Trustee or director | 0 | $0 |
| Michael Pagano | Co-Editor, Financial Revie Trustee or director, Officer | 0 | $0 |
| Tina Yang | Co-Editor, Financial Revie Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1243 HUNT CLUB LN, MEDIA, PA 19063-2033
- In care of
- % DAVID R LANGE
- Principal officer (990 for 2024)
- Dr Edward Nelling, 1243 Hunt Club Lane, Media, PA 19063
- Signed the 990
- Dr Edward Nelling, Executive Director
- Phone
- (215) 895-2117
- Website
- http://easternfinance.org
- Return prepared by
- PARKER GILL EISEN & STEVENSON PC
Mission
The purpose shall be to foster professional interest in finance through meetings, publications, and other activities.
Program accomplishments
- Annual academic scholarly conference
- Quarterly publication of The Financial Review mailed to members and libraries.
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
- 14-1582348
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,252,181
- Income (IRS master file)
- $229,363
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $229,363 | $143,588 | $1,252,181 | XML |
| 990 | December 2023 | $154,091 | $124,961 | $1,092,180 | XML |
| 990 | December 2022 | $176,304 | $209,511 | $952,902 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 14-1582348).
Questions about EASTERN FINANCE CORPORATION
- What is the EIN of EASTERN FINANCE CORPORATION?
- The employer identification number (EIN) of EASTERN FINANCE CORPORATION is 14-1582348.
- Is EASTERN FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1977.
- Are donations to EASTERN FINANCE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EASTERN FINANCE CORPORATION 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 EASTERN FINANCE CORPORATION 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 EASTERN FINANCE CORPORATION 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 EASTERN FINANCE CORPORATION?
- The 990 for the year ended December 31, 2024 names Dr Edward Nelling.
- Who are the officers and directors of EASTERN FINANCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $20,000 (Ed Nelling, Executive Director).
- How much revenue does EASTERN FINANCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $229,363, expenses of $143,588 and total assets of $1,252,181 at year end.
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