Nonprofit · EIN 24-6015814
WAYNE ECONOMIC DEVELOPMENT CORP
Tax-exempt · HONESDALE, PA 18431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,088,861 | $1,358,573 | $1,730,288 | $10,686,517 | $6,761,539 | $3,924,978 |
| December 31, 2023 | 990 | $560,360 | $1,146,995 | -$586,635 | $12,074,723 | $9,880,033 | $2,194,690 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $423,534
- of which government grants
- $345,200
- Membership dues
- $35,550
- Program service revenue
- $78,245
- Investment income
- $2,443,404
- Net gain from sales of assets
- $2,438,127
- Net income from fundraising events
- $23,824
- Other revenue
- $143,678
Expenses
- Grants and similar amounts paid
- $82,092
- Compensation of officers, directors and key employees
- $349,933
- Other salaries and wages
- $98,914
- Salaries, compensation and benefits (total)
- $478,317
- Professional fundraising fees
- $0
- Accounting fees
- $13,739
- Occupancy
- $64,145
- Travel
- $1,189
- Depreciation
- $279,100
Balance sheet and other
- Total assets, start of year
- $12,074,723
- Total assets, end of year
- $10,686,517
- Total liabilities, end of year
- $6,761,539
- Net assets, end of year
- $3,924,978
- Land, buildings and equipment
- $10,041,767
- Net assets without donor restrictions
- $3,908,401
- Net assets with donor restrictions
- $16,577
- Gross receipts
- $5,238,305
- Employees
- 3
- Year formed
- 1955
- State of legal domicile
- PA
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 |
|---|---|---|---|---|
| TROY BYSTROM | DIRECTOR Trustee or director | 1 | $236,269 | $0 |
| MARY BETH WOOD | EXECUTIVE DIRECTOR Officer | 40 | $110,038 | $3,626 |
| MARY ELLEN BENTLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BOCHNOVICH | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| BONNIE BOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES DONNELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINA DIEHL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY HERZOG | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMES LABAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES PETTINATO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG RICKARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALANA ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH SHINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WAYNE STEPHENS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUKE TURANO | DIRECTOR Trustee or director | 1 | $0 |
| LUCYANN VIERLING | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER WARGO | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL WOOD | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS SHERIDAN | DIRECTOR Trustee or director | 1 | $0 |
| TOM SUNICK | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN CHAPMAN | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL CARD | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY JAGGARS | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE FIRMSTONE | DIRECTOR Trustee or director | 1 | $0 |
| KATHERYNE HAIT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY BETH WOOD | EXECUTIVE DIRECTOR Officer | 40 | $91,828 | $9,371 |
| TROY BYSTROM | DIRECTOR Trustee or director | 1 | $93,661 | $0 |
| MARY ELLEN BENTLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER BOCHNOVICH | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| BONNIE BOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEWIS CRITELLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINA DIEHL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANTHONY HERZOG | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMES LABAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES PETTINATO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG RICKARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALANA ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH SHINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WAYNE STEPHENS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LUKE TURANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUCYANN VIERLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER WARGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS SHERIDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM SUNICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN CHAPMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL CARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIMOTHY JAGGARS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE FIRMSTONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 32 COMMERCIAL ST STE A, HONESDALE, PA 18431-1897
- In care of
- % JUSTIN TAYLOR
- Principal officer (990 for 2024)
- WAYNE STEPHENS, 1101 MAIN STREET, HONESDALE, PA 18431
- Signed the 990
- JUSTIN TAYLOR, EXECUTIVE DIRECTOR
- Phone
- (570) 253-5334
- Website
- wayneeconomic.com
- Return prepared by
- BRADLY T MURRAY CPA LLC
Mission
PROMOTION OF ECONOMIC DEVELOPMENT IN AND THROUGHOUT WAYNE COUNTY, PA
Program accomplishments
- PROMOTION OF ECONOMIC DEVELOPMENT IN AND THROUGHOUT WAYNE COUNTY, PAExpenses $1,358,573 · revenue $75,000
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
- 24-6015814
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,686,517
- Income (IRS master file)
- $5,238,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,088,861 | $1,358,573 | $10,686,517 | IRS |
| 990 | December 2023 | $560,360 | $1,146,995 | $12,074,723 | XML |
| 990 | December 2022 | $768,643 | $1,373,593 | $10,131,253 | 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 24-6015814).
Questions about WAYNE ECONOMIC DEVELOPMENT CORP
- What is the EIN of WAYNE ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of WAYNE ECONOMIC DEVELOPMENT CORP is 24-6015814.
- Is WAYNE ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1962.
- Are donations to WAYNE ECONOMIC DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WAYNE 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 WAYNE 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 WAYNE 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 WAYNE ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names WAYNE STEPHENS.
- Who are the officers and directors of WAYNE ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 26 people; 2 received compensation from the organization, the highest $236,269 (TROY BYSTROM, DIRECTOR).
- How much revenue does WAYNE ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,088,861, expenses of $1,358,573 and total assets of $10,686,517 at year end.
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