Nonprofit · EIN 46-3947749
EASTON ECONOMIC DEVELOPMENT CORPORATION
Also known as EEDC
Tax-exempt · EASTON, MD 21601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $318,408 | $336,450 | -$18,042 | $179,470 | $94,068 | $85,402 |
| December 31, 2024 | 990 | $576,464 | $580,007 | -$3,543 | $226,227 | $122,783 | $103,444 |
| December 31, 2023 | 990 | $644,606 | $582,307 | $62,299 | $210,402 | $103,415 | $106,987 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $318,379
- of which government grants
- $273,754
- Program service revenue
- $0
- Investment income
- $29
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $59,459
- Salaries, compensation and benefits (total)
- $158,422
- Professional fundraising fees
- $0
- Accounting fees
- $10,936
- Occupancy
- $1,125
- Travel
- $8,005
- Depreciation
- $2,722
- Program services (functional)
- $289,919
- Management and general (functional)
- $46,531
Balance sheet and other
- Total assets, start of year
- $226,227
- Total assets, end of year
- $179,470
- Total liabilities, end of year
- $94,068
- Net assets, end of year
- $85,402
- Land, buildings and equipment
- $9,349
- Net assets without donor restrictions
- $85,402
- Gross receipts
- $318,408
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- MD
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 |
|---|---|---|---|
| ANTHONY KERN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| HERBERT MILLER | CHAIRMAN EMERITUS Trustee or director | 20 | $0 |
| LLOYD L SCOTT BEATTY JR | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW PETERS | DIRECTOR Trustee or director | 1 | $0 |
| PETER HYMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| RON ENGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| TED BAUTZ | BOARD MEMBER Trustee or director | 3 | $0 |
| HOLLY DEKARSKE | EXECUTIVE DIRECTOR Trustee or director | 40 | $0 |
| MARY ELLEN CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM MARVEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIA FOXWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK GUNSALLUS III | TREASURER Trustee or director, Officer | 1 | $0 |
| TOM KLEIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KURT FUCHS | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA MUMBULO | SECRETARY Trustee or director, Officer | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAUREEN CURRY | BOARD MEMBER Trustee or director | 1 | $0 |
| MEGAN COOK | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY KERN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| HERBERT MILLER | CHAIRMAN EMERITUS Trustee or director | 20 | $0 |
| LLOYD L SCOTT BEATTY JR | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW PETERS | DIRECTOR Trustee or director | 1 | $0 |
| PETER HYMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| RON ENGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| TED BAUTZ | BOARD MEMBER Trustee or director | 3 | $0 |
| MARY ELLEN CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM MARVEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIA FOXWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK GUNSALLUS III | TREASURER Trustee or director, Officer | 1 | $0 |
| TOM KLEIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KURT FUCHS | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA MUMBULO | SECRETARY Trustee or director, Officer | 1 | $0 |
| MAUREEN CURRY | BOARD MEMBER Trustee or director | 1 | $0 |
| MEGAN COOK | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY KERN | SECRETARY Trustee or director, Officer | 1 | $0 |
| HERBERT MILLER | CHAIRMAN EMERITUS Trustee or director | 20 | $0 |
| LLOYD L SCOTT BEATTY JR | CHAIRMAN Trustee or director | 1 | $0 |
| MATTHEW PETERS | TREASURER Trustee or director, Officer | 1 | $0 |
| PETER HYMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| RON ENGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| TED BAUTZ | BOARD MEMBER Trustee or director | 3 | $0 |
| MARY ELLEN CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| LAUREN CATTERTON | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIA FOXWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK GUNSALLUS III | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM KLEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DOUGLAS DOUG S WALKER | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA MUMBULO | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| MAUREEN CURRY | BOARD MEMBER Trustee or director | 1 | $0 |
| MEGAN COOK | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11 S HARRISON STREET SUITE 201, EASTON, MD 21601-3042
- In care of
- % TRACY WARD
- Principal officer (990 for 2025)
- FRANK GUNSALLUS, 11 S HARRISON ST 201, EASTON, MD 21601
- Signed the 990
- FRANK GUNSALLUS, TREASURER
- Phone
- (410) 690-7348
- Website
- WWW.EASTONEDC.COM
- Return prepared by
- BSC GROUP LLC
Mission
TO DRIVE ECONOMIC VITALITY, SMART REDEVELOPMENT, AND BUSINESS FORMATION TO FOSTER A HEALTHY QUALITY OF LIFE FOR ALL GENERATIONS
Program accomplishments
- PROGRAM SERVICES TO FOSTER A HEALTHY QUALITY OF LIFE FOR ALL GENERATIONS.REVENUE ABOVE INCLUDES GRANT INCOME.Expenses $289,919 · revenue $318,379
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 | Check at the IRS |
IRS record
- EIN
- 46-3947749
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $179,470
- Income (IRS master file)
- $318,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $318,408 | $336,450 | $179,470 | IRS |
| 990 | December 2024 | $576,464 | $580,007 | $226,227 | IRS |
| 990 | December 2023 | $644,606 | $582,307 | $210,402 | XML |
| 990 | December 2022 | $530,958 | $560,982 | $166,601 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | 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 46-3947749).
Questions about EASTON ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of EASTON ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of EASTON ECONOMIC DEVELOPMENT CORPORATION is 46-3947749.
- Is EASTON ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to EASTON ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EASTON ECONOMIC 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 EASTON ECONOMIC DEVELOPMENT CORPORATION 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 EASTON ECONOMIC DEVELOPMENT CORPORATION 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 EASTON ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names FRANK GUNSALLUS.
- Who are the officers and directors of EASTON ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does EASTON ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $318,408, expenses of $336,450 and total assets of $179,470 at year end.
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All nonprofits in EASTON · Maryland · Community improvement and capacity building