Nonprofit · EIN 51-0344804
LAUREL REDEVELOPMENT CORPORATION
Tax-exempt · LAUREL, DE 19956
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $65,785 | $87,566 | -$21,781 | $5,395,274 | $2,505,597 | $2,889,677 |
| June 30, 2024 | 990 | $100,146 | $83,467 | $16,679 | $4,742,885 | $1,829,539 | $2,913,346 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $35,900
- of which government grants
- $5,000
- Program service revenue
- $0
- Investment income
- $21,370
- Net rental income
- $8,125
- Net gain from sales of assets
- -$16,818
- Other revenue
- $8,515
Expenses
- Grants and similar amounts paid
- $3,965
- Compensation of officers, directors and key employees
- $75,000
- Other salaries and wages
- $5,311
- Salaries, compensation and benefits (total)
- $86,600
- Professional fundraising fees
- $0
- Accounting fees
- $4,990
- Occupancy
- $13,804
- Depreciation
- $1,776
- Program services (functional)
- $87,566
Balance sheet and other
- Total assets, start of year
- $4,742,885
- Total assets, end of year
- $5,395,274
- Total liabilities, end of year
- $2,505,597
- Net assets, end of year
- $2,889,677
- Land, buildings and equipment
- $1,105,569
- Gross receipts
- $730,514
- Employees
- 1
- Volunteers
- 9
- Year formed
- 1992
- State of legal domicile
- DE
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 |
|---|---|---|---|
| BRIAN SHANNON | EXECUTIVE DI Trustee or director | 40 | $75,000 |
| EDWARD L FOWLER | DIRECTOR Trustee or director | – | $0 |
| ANN LEE | SECRETARY Trustee or director, Officer | – | $0 |
| EDWARD LEWANDOWSKI | DIRECTOR Trustee or director | – | $0 |
| BILL MCGOWAN | DIRECTOR Trustee or director | – | $0 |
| BARRY MORRISON | PRESIDENT Trustee or director, Officer | 10 | $0 |
| MATT PARKER | DIRECTOR Trustee or director | – | $0 |
| H DONOVAN PHILLIPS | VICE-PRESIDE Trustee or director, Officer | – | $0 |
| MELINDA TINGLE | DIRECTOR Trustee or director | – | $0 |
| ARTEZ WEST | DIRECTOR Trustee or director | – | $0 |
| ROBERT WHEATLEY | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN SHANNON | EXECUTIVE DI Trustee or director | 40 | $75,000 |
| EDWARD L FOWLER | DIRECTOR Trustee or director | – | $0 |
| ANN LEE | SECRETARY Trustee or director, Officer | – | $0 |
| EDWARD LEWANDOWSKI | DIRECTOR Trustee or director | – | $0 |
| BILL MCGOWAN | DIRECTOR Trustee or director | – | $0 |
| BARRY MORRISON | PRESIDENT Trustee or director, Officer | – | $0 |
| MATT PARKER | DIRECTOR Trustee or director | – | $0 |
| H DONOVAN PHILLIPS | VICE-PRESIDE Trustee or director, Officer | – | $0 |
| MELINDA TINGLE | DIRECTOR Trustee or director | – | $0 |
| ARTEZ WEST | DIRECTOR Trustee or director | – | $0 |
| ROBERT WHEATLEY | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 333, LAUREL, DE 19956-0333
- Principal officer (990 for 2024)
- BARRY MORRISON, PO BOX 333, LAUREL, DE 19956
- Signed the 990
- BARRY MORRISON, PRESIDENT
- Phone
- (302) 875-0601
- Website
- WWW.LAURELREDEVELOPMENT.COM
- Return prepared by
- LANK JOHNSON & TULL CPAS
Mission
REVITALIZING DOWNTOWN LAUREL, DE
Program accomplishments
- THE CORPORATION HAS ACQUIRED SEVERAL PROPERTIES IN DOWNTOWN LAUREL FOR THE PURPOSE OF REHABILITATING THE TOWN OF LAUREL. THE EXPENSES INCURRED RELATE TO THESE PROPERTIES. THE PROPERTIES ARE THEN RENTED TO NEW BUSINESSES, THUS REVITALIZING PART OF DOWNTOWN LAUREL.Expenses $87,566 · grants $3,965
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
- 51-0344804
- 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
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $5,395,274
- Income (IRS master file)
- $730,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $65,785 | $87,566 | $5,395,274 | XML |
| 990 | June 2024 | $100,146 | $83,467 | $4,742,885 | XML |
| 990 | June 2023 | $534,965 | $288,060 | $4,073,949 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 51-0344804).
Questions about LAUREL REDEVELOPMENT CORPORATION
- What is the EIN of LAUREL REDEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LAUREL REDEVELOPMENT CORPORATION is 51-0344804.
- Is LAUREL REDEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LAUREL REDEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUREL REDEVELOPMENT 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 LAUREL REDEVELOPMENT 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 LAUREL REDEVELOPMENT 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 LAUREL REDEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names BARRY MORRISON.
- Who are the officers and directors of LAUREL REDEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $75,000 (BRIAN SHANNON, EXECUTIVE DI).
- How much revenue does LAUREL REDEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $65,785, expenses of $87,566 and total assets of $5,395,274 at year end.
Other nonprofits in LAUREL
- RETEMP DEVELOPMENT CENTER INC EIN 31-1763077 · last filed 990-EZ for 2025
- RURITAN NATIONAL CORP EIN 51-0278848 · last filed 990-N for 2025
- LAUREL WOMENS CIVIC CLUB EIN 84-4544354 · last filed 990-N for 2025
- LAUREL FIRE DEPARTMENT INC EIN 51-0229597 · last filed 990 for 2025
- LAUREL DISTRICT LIBRARY COMMISSION EIN 23-7397230 · last filed 990 for 2025
- BETTER HOMES OF LAUREL II INC EIN 51-0264515 · last filed 990 for 2026
- LAUREL SENIOR CENTER EIN 51-0109323 · last filed 990 for 2025
- AMERICAN LEGION EIN 51-0076956 · last filed 990 for 2025
All nonprofits in LAUREL · Delaware · Community improvement and capacity building