Nonprofit · EIN 23-7313309
FOSTORIA ECONOMIC DEVELOPMENT CORP
Tax-exempt · FOSTORIA, OH 44830
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $370,328 | $385,056 | -$14,728 | $292,886 | $130,668 | $162,218 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $243,737
- of which government grants
- $178,737
- Program service revenue
- $120,194
- Investment income
- $5,287
- Other revenue
- $1,110
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,275
- Other salaries and wages
- $148,737
- Salaries, compensation and benefits (total)
- $325,377
- Professional fundraising fees
- $0
- Accounting fees
- $465
- Occupancy
- $12,000
- Travel
- $711
- Depreciation
- $3,260
- Program services (functional)
- $358,662
- Management and general (functional)
- $26,394
Balance sheet and other
- Total assets, start of year
- $306,392
- Total assets, end of year
- $292,886
- Total liabilities, end of year
- $130,668
- Net assets, end of year
- $162,218
- Land, buildings and equipment
- $14,922
- Net assets without donor restrictions
- $162,218
- Gross receipts
- $370,328
- Employees
- 4
- Year formed
- 1982
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 |
|---|---|---|---|
| MARK BAKER | TREASURER Trustee or director, Officer | 1 | $0 |
| RONALD L BURNS | AT LARGE Trustee or director | 1 | $0 |
| GREG CASSIDY | CITY REP Trustee or director | 1 | $0 |
| LEONARD CLOUSE | AT LARGE Trustee or director | 1 | $0 |
| DON MENNEL | MAYOR Trustee or director | 1 | $0 |
| FORD MENNEL | IMM PAST CHA Trustee or director | 1 | $0 |
| BRIDGETT MUNDY | AT LARGE Trustee or director | 1 | $0 |
| BROOK PIPER | AT LARGE Trustee or director | 1 | $0 |
| AMY PREBLE | SECRETARY Trustee or director, Officer | 1 | $0 |
| TOM REINEKE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOHN SCHULD | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 342 PERRY ST, FOSTORIA, OH 44830-2148
- Principal officer (990 for 2024)
- TOM REINEKE, 342 PERRY STREET, FOSTORIA, OH 44830
- Signed the 990
- GREGORY ALLEN, EXECUTIVE DIRECTOR
- Return prepared by
- FRUTH & COMPANY PLL CPA'S
Mission
ATTRACTING NEW BUSINESS ENTERPRISES.
Program accomplishments
- PROMOTION OF INDUSTRIAL AND COMMERCIAL GROWTH AND DEVELOPMENT WITHIN THE FOSTORIA METRO AREA.Expenses $358,662 · revenue $120,194
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
- 23-7313309
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $292,886
- Income (IRS master file)
- $370,328
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $443,302 | $399,484 | $306,392 | IRS |
| 990 | December 2022 | $294,702 | $360,028 | $259,506 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FOSTORIA ECONOMIC DEVELOPMENT CORP
- What is the EIN of FOSTORIA ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of FOSTORIA ECONOMIC DEVELOPMENT CORP is 23-7313309.
- Is FOSTORIA ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1974.
- Are donations to FOSTORIA ECONOMIC DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FOSTORIA ECONOMIC DEVELOPMENT CORP 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 FOSTORIA ECONOMIC DEVELOPMENT CORP 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 FOSTORIA ECONOMIC DEVELOPMENT CORP 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 FOSTORIA ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names TOM REINEKE.
- Who are the officers and directors of FOSTORIA ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does FOSTORIA ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $370,328, expenses of $385,056 and total assets of $292,886 at year end.
Other nonprofits in FOSTORIA
- GOOD SHEPHERD HOME EIN 34-4451089 · last filed 990 for 2024
- GEARY FAMILY YMCA OF FOSTORIA EIN 34-4439890 · last filed 990 for 2025
- GREATER FOSTORIA COMMUNITY FOUNDATION INC EIN 34-1946282 · last filed 990 for 2025
- FOSTORIA LEARNING CENTER INC EIN 46-3336356 · last filed 990 for 2024
- H O P E IN FOSTORIA EIN 84-1914785 · last filed 990 for 2025
- IMAGINE FOR YOUTH FOUNDATION INC EIN 46-5325813 · last filed 990 for 2025
- SANDUSKY VALLEY DOMESTIC VIOLENCE SHELTER INC EIN 34-1376773 · last filed 990 for 2024
- FOSTORIA LODGE NO 1567 LOYAL ORDER OF MOOSE EIN 34-4292700 · last filed 990 for 2026