Nonprofit · EIN 34-1476938
STARK ECONOMIC DEVELOPMENT BOARD INC
Tax-exempt · CANTON, OH 44702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,728,680 | $2,205,236 | -$476,556 | $4,239,277 | $677,033 | $3,562,244 |
| June 30, 2024 | 990 | $3,350,050 | $2,260,828 | $1,089,222 | $4,718,596 | $679,796 | $4,038,800 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,545,184
- of which government grants
- $477,600
- Program service revenue
- $69,600
- Investment income
- $73,409
- Net rental income
- $25,869
- Other revenue
- $40,487
Expenses
- Grants and similar amounts paid
- $62,100
- Compensation of officers, directors and key employees
- $260,058
- Other salaries and wages
- $665,805
- Salaries, compensation and benefits (total)
- $1,171,928
- Professional fundraising fees
- $0
- Legal fees
- $1,524
- Accounting fees
- $20,365
- Occupancy
- $38,668
- Travel
- $34,853
- Depreciation
- $19,458
- Program services (functional)
- $1,891,336
- Management and general (functional)
- $255,304
- Fundraising (functional)
- $58,596
Balance sheet and other
- Total assets, start of year
- $4,718,596
- Total assets, end of year
- $4,239,277
- Total liabilities, end of year
- $677,033
- Net assets, end of year
- $3,562,244
- Land, buildings and equipment
- $283,442
- Net assets without donor restrictions
- $1,804,820
- Net assets with donor restrictions
- $1,757,424
- Gross receipts
- $1,728,680
- Employees
- 10
- Volunteers
- 51
- Year formed
- 1985
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAY HEXAMER | PRESIDENT & CEO Officer | 35 | $193,512 | $45,500 |
| WILLIAM SHIVERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN BELDEN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOSEPH SCHAUER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE SLUTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS GOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS KABOTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER HUNT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVE KIRVEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GREG KING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACKIE STEWART | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT SAVAGE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE DALEIDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE MATUSZEWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN LANGELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
37 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RICHARD | DIRECTOR Trustee or director | 2 | $0 |
| JORDAN GREENWALD | DIRECTOR Trustee or director | 2 | $0 |
| DOUG SIBILA | DIRECTOR Trustee or director | 2 | $0 |
| GERARD MASTROIANNI | DIRECTOR Trustee or director | 2 | $0 |
| KATHY SHULTZ | DIRECTOR Trustee or director | 2 | $0 |
| DOUG SCHWARZ | DIRECTOR Trustee or director | 2 | $0 |
| BARBARA H BENNETT | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES HAMMONTREE | DIRECTOR Trustee or director | 2 | $0 |
| MATT STERLING | DIRECTOR Trustee or director | 2 | $0 |
| CHAD ISLER | DIRECTOR Trustee or director | 2 | $0 |
| SHELLY BROWN | DIRECTOR Trustee or director | 2 | $0 |
| MICK HECKMAN | DIRECTOR Trustee or director | 2 | $0 |
| PARA JONES | DIRECTOR Trustee or director | 2 | $0 |
| RENATO CAMACHO | DIRECTOR Trustee or director | 2 | $0 |
| RICK L HULL | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT GESSNER | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT MULLEN | DIRECTOR Trustee or director | 2 | $0 |
| MARK J SAMOLCZYK | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW GROVE | DIRECTOR Trustee or director | 2 | $0 |
| SANDY UPPERMAN | DIRECTOR Trustee or director | 2 | $0 |
| MATT GREGORY | DIRECTOR Trustee or director | 2 | $0 |
| TIM COLLINS | DIRECTOR Trustee or director | 2 | $0 |
| TIM TIMKEN JR | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY CRONE | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY SEIFERT | DIRECTOR Trustee or director | 2 | $0 |
| TODD PUGH | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM SHERER II | DIRECTOR Trustee or director | 2 | $0 |
| ALAN HAROLD | DIRECTOR Trustee or director | 2 | $0 |
| MARK SCHEFFLER | DIRECTOR Trustee or director | 2 | $0 |
| TRACY DOWE | DIRECTOR Trustee or director | 2 | $0 |
| RYAN STENGER | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY J HEALY | DIRECTOR Trustee or director | 2 | $0 |
| MATT LEUENBERGER | DIRECTOR Trustee or director | 2 | $0 |
| ROD MOORE | DIRECTOR Trustee or director | 2 | $0 |
| LUCAS MURRAY | DIRECTOR Trustee or director | 2 | $0 |
| MARK VANDEGRIFT | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD REGULA | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 53 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAY HEXAMER | PRESIDENT & CEO Officer | 35 | $197,581 | $42,750 |
| WILLIAM SHIVERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN BELDEN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOSEPH SCHAUER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE SLUTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE M SOARES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS GOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS KABOTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER HUNT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVE KIRVEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DICK MAGGIORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDY ZIEGLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILL COOK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GREG KING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACKIE STEWART | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANET WEIR CREIGHTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT SAVAGE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE DALEIDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE MATUSZEWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN LANGELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN RICHARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JORDAN GREENWALD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG SIBILA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GERARD MASTROIANNI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHY SHULTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG SCHWARZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA H BENNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES HAMMONTREE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD BELDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT STERLING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT T WARBURTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHAD ISLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHELLY BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICK HECKMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PARA JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RENATO CAMACHO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICK L HULL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT GESSNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT MULLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK J SAMOLCZYK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW GROVE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SANDY UPPERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS E CECCONI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT GREGORY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM COLLINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM TIMKEN JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY CRONE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY MALONEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY SEIFERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TODD PUGH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM SHERER II | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK SCHEFFLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN STENGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 3RD ST SE STE 310, CANTON, OH 44702-1100
- Principal officer (990 for 2024)
- STEPHEN MACKENZIE, 400 3RD STREET SE 310, CANTON, OH 44702
- Signed the 990
- STEPHEN MACKENZIE, PRESIDENT & CEO
- Phone
- (330) 453-5900
- Website
- WWW.STARKCOOHIO.COM
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
WE STRENGTHEN STARK COUNTY BY DRIVING BUSINESS GROWTH AND LEADING ITS ECONOMIC TRANSFORMATION.
Program accomplishments
- THE STARK ECONOMIC DEVELOPMENT BOARD, INC. IS AN ORGANIZATION WHOSE PURPOSE IS TO ATTRACT, EXPAND AND RETAIN BUSINESS INVESTMENTS IN STARK COUNTY, OHIO. SEDB IS A CONDUIT TO FUNDING SOURCES FOR BUSINESSES THROUGH THE STARK COUNTY PORT AUTHORITY AND AS THE LOCAL TEAM NEO/JOBS OHIO PARTNER.Expenses $1,891,336 · grants $62,100 · revenue $69,600
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1476938
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Assets (IRS master file)
- $4,239,277
- Income (IRS master file)
- $1,728,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,728,680 | $2,205,236 | $4,239,277 | IRS |
| 990 | June 2024 | $3,350,050 | $2,260,828 | $4,718,596 | XML |
| 990 | June 2023 | $1,169,229 | $1,752,044 | $3,682,250 | IRS |
| 990 | June 2022 | $872,768 | $1,295,041 | $3,590,351 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 STARK ECONOMIC DEVELOPMENT BOARD INC
- What is the EIN of STARK ECONOMIC DEVELOPMENT BOARD INC?
- The employer identification number (EIN) of STARK ECONOMIC DEVELOPMENT BOARD INC is 34-1476938.
- Is STARK ECONOMIC DEVELOPMENT BOARD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to STARK ECONOMIC DEVELOPMENT BOARD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STARK ECONOMIC DEVELOPMENT BOARD 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 STARK ECONOMIC DEVELOPMENT BOARD INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STARK ECONOMIC DEVELOPMENT BOARD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of STARK ECONOMIC DEVELOPMENT BOARD INC?
- The 990 for the year ended June 30, 2025 names STEPHEN MACKENZIE.
- Who are the officers and directors of STARK ECONOMIC DEVELOPMENT BOARD INC?
- The 990 for the year ended June 30, 2025 lists 52 people; 1 received compensation from the organization, the highest $193,512 (RAY HEXAMER, PRESIDENT & CEO).
- How much revenue does STARK ECONOMIC DEVELOPMENT BOARD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,728,680, expenses of $2,205,236 and total assets of $4,239,277 at year end.
Other nonprofits in CANTON
- COMMUNITY BUILDING PARTNERSHIP OF STARK COUNTY INC EIN 45-1560552 · last filed 990 for 2024
- DOWNTOWN CANTON PARTNERSHIP INC EIN 92-0842157 · last filed 990 for 2025
- DOWNTOWN CANTON SPECIAL IMPROVEMENT DISTRICT INC EIN 34-1859179 · last filed 990 for 2025
- LEMMON FOUNDATION INC EIN 87-3896134 · last filed 990 for 2024
- HILLS & DALES HOME OWNERS ASSOCIATION EIN 11-3664892 · last filed 990 for 2025
- STARK COUNTY REGIONAL PLANNING COMMISSION SERVICES INC EIN 34-1878856 · last filed 990 for 2026
- WOMENS IMPACT INC EIN 32-0384984 · last filed 990-EZ for 2025
- DCLB CORP EIN 34-1870788 · last filed 990 for 2025
All nonprofits in CANTON · Ohio · Community improvement and capacity building