Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 31-1573317

WOODWARD DEVELOPMENT CORPORATION

Tax-exempt · MOUNT VERNON, OH 43050

Financials

$245K$711K2023$1.4M$943K2024
Revenue Expenses · by fiscal year end
Financials of WOODWARD DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,433,461$942,644$490,817$17,118,992$258,753$16,860,239
December 31, 2023990$244,564$711,272-$466,708$17,828,511$26,727$17,801,784
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$259,180
Program service revenue
$886,382
Investment income
$146
Net rental income
$280,371
Other revenue
$287,753

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$280,806
Program services (functional)
$280,806
Management and general (functional)
$661,838

Balance sheet and other

Total assets, start of year
$17,828,511
Total assets, end of year
$17,118,992
Total liabilities, end of year
$258,753
Net assets, end of year
$16,860,239
Land, buildings and equipment
$16,912,695
Net assets without donor restrictions
$16,860,239
Gross receipts
$1,433,461
Employees
0
Volunteers
25
Year formed
1998
State of legal domicile
OH

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.

NameTitleHours / weekCompensation
LARRY GRINDLECHAIR
Trustee or director, Officer
15$0
MAUREEN BUCHWALDVICE-CHAIR
Trustee or director, Officer
0$0
CHARLES KINDELSECRETARY
Trustee or director, Officer
0$0
SUSAN RAMSERTRUSTEE
Trustee or director
0$0
ANN LAUDEMANTRUSTEE
Trustee or director
0$0
BARRY LESTERTRUSTEE
Trustee or director
0$0
DAVID STULLERTRUSTEE
Trustee or director
15$0
JAY NIXONTRUSTEE
Trustee or director
0$0
LAURA WEBSTERTRUSTEE
Trustee or director
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
LARRY GRINDLECHAIR
Trustee or director, Officer
15$0
MAUREEN BUCHWALDVICE-CHAIR
Trustee or director, Officer
0$0
CHARLES KINDELSECRETARY
Trustee or director, Officer
0$0
SUSAN RAMSERTRUSTEE
Trustee or director
0$0
ANN LAUDEMANTRUSTEE
Trustee or director
0$0
BARRY LESTERTRUSTEE
Trustee or director
0$0
DAVID STULLERTRUSTEE
Trustee or director
10$0

Address and contacts

Address (IRS master file)
107 S MAIN ST, MOUNT VERNON, OH 43050-3323
In care of
% LARRY J GRINDLE
Principal officer (990 for 2024)
LARRY GRINDLE, 107 S MAIN STREET, MOUNT VERNON, OH 43050
Signed the 990
LARRY GRINDLE, CHAIR
Phone
(740) 397-5262
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

TO SUPPORT THE PERFORMING ARTS AND THE HERITAGE OF KNOX COUNTY BEGINNING WITH THE RENOVATION, RESTORATION AND OPERATION OF THE WOODWARD OPERA HOUSE AND TO ENGAGE IN ANY LAWFUL ART OR ACTIVITY PERMITTED UNDER THE OHIO REVISED CODE SECTION 1702.1 TO 1202.87 INCLUSIVE.

990 for the year ended December 31, 2024

Program accomplishments

  • CREATED A COMMUNITY AND INSTITUTIONAL PARTNERSHIP THAT FORMED THE BASIS OF FUNDING A DOWNTOWN HISTORIC PRESERVATION AND ECONOMIC DEVELOPMENT PROGRAM FOR THE RESTORATION OF THE 2ND OLDEST THEATER IN THE UNITED STATES - THE WOODWARD OPERA HOUSE CIR 1851.
    Expenses $280,806 · revenue $886,382
  • INITIATED A MULTI-MILLION DOLLAR RESTORATION PROJECTED FOR THE 2ND OLDEST THEATER IN THE UNITED STATES - THE WOODWARD OPERA HOUSE CIR 1851, THAT WILL HOUSE A HEALTHY LOCAL FOODS INITIATIVE STORE AND CAFE IN A FOOD DEFICIENT NEIGHBORHOOD AS WELL AS ARTS AND CONFERENCE SPACE TO SUPPORT THE WOODWARD ARTS AND COMMUNITY DEVELOPMENT INITIATIVE.
  • INITIATED A MULTI-MILLION DOLLAR RESTORATION PROJECT FOR THE 1885 C.G. COOPER BUILDING THAT WILL HOUSE A HEALTHY LOCAL FOODS INITIATIVE COMMUNITY KITCHEN PROCESSING FACILITY IN A FOOD DEFICIENT NEIGHBORHOOD AS WELL AS ARTS AND CONFERENCE SPACE TO SUPPORT THE WOODWARD ARTS AND COMMUNITY DEVELOPMENT INITIATIVE.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1573317
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
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$17,118,992
Income (IRS master file)
$1,433,461

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,433,461$942,644$17,118,992IRS
990December 2023$244,564$711,272$17,828,511XML
990December 2022$312,242$300,289$17,860,799IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 31-1573317).

Questions about WOODWARD DEVELOPMENT CORPORATION

What is the EIN of WOODWARD DEVELOPMENT CORPORATION?
The employer identification number (EIN) of WOODWARD DEVELOPMENT CORPORATION is 31-1573317.
Is WOODWARD DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to WOODWARD DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WOODWARD DEVELOPMENT 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 WOODWARD DEVELOPMENT 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 WOODWARD DEVELOPMENT 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 WOODWARD DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names LARRY GRINDLE.
Who are the officers and directors of WOODWARD DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does WOODWARD DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,433,461, expenses of $942,644 and total assets of $17,118,992 at year end.

Other nonprofits in MOUNT VERNON

All nonprofits in MOUNT VERNON · Ohio · Arts, culture and humanities