Nonprofit · EIN 51-0362437
BLADES ECONOMIC DEVELOPMENT CORPORATION
Also known as NANTICOKE RIVER MARINE PARK
Tax-exempt · BLADES, DE 19973
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $212,123 | $198,083 | $14,040 | $1,066,862 | $3,725 | $1,063,137 |
| June 30, 2024 | 990 | $190,730 | $178,708 | $12,022 | $1,045,290 | $2,803 | $1,042,487 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $30,225
- of which government grants
- $29,000
- Membership dues
- $1,225
- Program service revenue
- $163,818
- Investment income
- $5
- Net rental income
- $12,500
- Net income from sales of inventory
- $5,575
- Tax-exempt bond proceeds
- $5
- Other revenue
- $18,075
Expenses
- Grants and similar amounts paid
- $400
- Compensation of officers, directors and key employees
- $40,277
- Salaries, compensation and benefits (total)
- $43,359
- Professional fundraising fees
- $0
- Legal fees
- $4,130
- Accounting fees
- $2,235
- Occupancy
- $40,526
- Depreciation
- $30,925
- Program services (functional)
- $163,992
- Management and general (functional)
- $34,091
Balance sheet and other
- Total assets, start of year
- $1,045,290
- Total assets, end of year
- $1,066,862
- Total liabilities, end of year
- $3,725
- Net assets, end of year
- $1,063,137
- Land, buildings and equipment
- $793,565
- Gross receipts
- $249,295
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1994
- 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 |
|---|---|---|---|
| Ed Cranston | Dockmaster Key employee, Highest-paid employee | 40 | $18,400 |
| Dave Smith | Assistant Dockmaster Key employee | 20 | $13,380 |
| Dale Libby | Groundskeeper Key employee | 10 | $8,496 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ed Cranston | Dockmaster Key employee, Highest-paid employee | 40 | $19,200 |
| Dave Smith | Assistant Dockmaster Key employee | 20 | $10,530 |
| Dale Libby | Groundskeeper Key employee | 10 | $5,558 |
Address and contacts
- Address (IRS master file)
- 26 N MARKET ST, BLADES, DE 19973-3900
- In care of
- % JAY ARMIGER
- Principal officer (990 for 2024)
- JAY ARMIGER, 26 N MARKET ST, BLADES, DE 199733900
- Signed the 990
- JAY, ARMIGER
- Phone
- (302) 745-6649
Mission
TO DEVELOP THE ECONOMY AND PROPERTIES IN THE TOWN OF BLADES
Program accomplishments
- TO DEVELOP THE ECONOMY AND PROPERTIES IN THE TOWN OF BLADES DEExpenses $163,992 · revenue $163,818
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
- 51-0362437
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $1,066,862
- Income (IRS master file)
- $249,295
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $212,123 | $198,083 | $1,066,862 | XML |
| 990 | June 2024 | $190,730 | $178,708 | $1,045,290 | XML |
| 990 | June 2023 | $171,104 | $169,564 | $1,026,549 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 51-0362437).
Questions about BLADES ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of BLADES ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BLADES ECONOMIC DEVELOPMENT CORPORATION is 51-0362437.
- Is BLADES ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to BLADES ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLADES 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 BLADES 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 BLADES 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 BLADES ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names JAY ARMIGER.
- Who are the officers and directors of BLADES ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 3 received compensation from the organization, the highest $18,400 (Ed Cranston, Dockmaster).
- How much revenue does BLADES ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $212,123, expenses of $198,083 and total assets of $1,066,862 at year end.
Other nonprofits in BLADES
- BLADES VOLUNTEER FIRE COMPANY EIN 51-1148671 · last filed 990 for 2025
All nonprofits in BLADES · Delaware · Community improvement and capacity building