Nonprofit · EIN 35-1890802
ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA
Tax-exempt · RICHMOND, IN 47375
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $863,229 | $750,295 | $112,934 | $212,771 | $34,750 | $178,021 |
| December 31, 2023 | 990 | $826,276 | $733,886 | $92,390 | $131,868 | $6,150 | $125,718 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $862,856
- of which government grants
- $775,595
- Program service revenue
- $0
- Investment income
- $373
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $52,500
- Compensation of officers, directors and key employees
- $144,927
- Other salaries and wages
- $238,639
- Salaries, compensation and benefits (total)
- $478,661
- Professional fundraising fees
- $0
- Legal fees
- $17,120
- Occupancy
- $38,465
- Travel
- $16,269
- Program services (functional)
- $549,077
- Management and general (functional)
- $201,218
Balance sheet and other
- Total assets, start of year
- $131,868
- Total assets, end of year
- $212,771
- Total liabilities, end of year
- $34,750
- Net assets, end of year
- $178,021
- Gross receipts
- $863,229
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- IN
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 |
|---|---|---|---|---|
| VALERIE SHAFFER | PRESIDENT Officer | 40 | $129,958 | $14,968 |
| JIM KING | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JIM TANNER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRAD ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PEGGY CENOVA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE ZALESKI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KYLE TURNER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHAD BOLSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRILYN JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN FENNIMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE GADDIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTY VANDERBURGT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY FOSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE SHAFFER | PRESIDENT Officer | 40 | $126,173 | $14,473 |
| JIM KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM TANNER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRAD ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PEGGY CENOVA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE ZALESKI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KYLE TURNER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHAD BOLSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRILYN JOHNSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANN FENNIMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE GADDIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTY VANDERBURGT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY FOSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1919, RICHMOND, IN 47375-1919
- Principal officer (990 for 2024)
- VALERIE SHAFFER, 900 N E ST SUITE 100, RICHMOND, IN 47374
- Signed the 990
- VALERIE SHAFFER, PRESIDENT
- Phone
- (765) 983-4769
- Website
- WWW.WHYWAYNECOUNTY.COM
- Return prepared by
- BRADY WARE & SCHOENFELD INC
Mission
TO PROMOTE AND SUPPORT ECONOMIC DEVELOPMENT, GROWTH AND EXPANSION WITHIN THE WAYNE COUNTY, INDIANA AREA.
Program accomplishments
- PROMOTE AND SUPPORT ECONOMIC DEVELOPMENT, GROWTH AND EXPANSION WITHIN THE WAYNE COUNTY, INDIANA AREAExpenses $549,077 · grants $52,500
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
- 35-1890802
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $212,771
- Income (IRS master file)
- $863,229
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $863,229 | $750,295 | $212,771 | XML |
| 990 | December 2023 | $826,276 | $733,886 | $131,868 | XML |
| 990 | December 2022 | $724,293 | $658,969 | $96,102 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 35-1890802).
Questions about ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA
- What is the EIN of ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA is 35-1890802.
- Is ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA 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 ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA 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 ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA 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 ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA?
- The 990 for the year ended December 31, 2024 names VALERIE SHAFFER.
- Who are the officers and directors of ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $129,958 (VALERIE SHAFFER, PRESIDENT).
- How much revenue does ECONOMIC DEVELOPMENT CORPORATION OF WAYNE COUNTY INDIANA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $863,229, expenses of $750,295 and total assets of $212,771 at year end.
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