Nonprofit · EIN 52-0737260
HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC
Tax-exempt · HAGERSTOWN, MD 21740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $311,574 | $143,713 | $167,861 | $10,878,079 | $5,833 | $10,872,246 |
| May 31, 2024 | 990 | $213,145 | $139,137 | $74,008 | $10,445,038 | $5,833 | $10,439,205 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $265,933
- Net rental income
- $30,641
- Other revenue
- $45,641
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $90,000
- Salaries, compensation and benefits (total)
- $96,952
- Professional fundraising fees
- $0
- Accounting fees
- $8,452
- Occupancy
- $6,000
- Depreciation
- $487
Balance sheet and other
- Total assets, start of year
- $10,445,038
- Total assets, end of year
- $10,878,079
- Total liabilities, end of year
- $5,833
- Net assets, end of year
- $10,872,246
- Land, buildings and equipment
- $4,428
- Publicly traded securities
- $3,887,557
- Net assets without donor restrictions
- $10,872,246
- Gross receipts
- $311,574
- Employees
- 1
- Year formed
- 1960
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY I SNOOK | PRESIDENT/CEO Trustee or director, Officer, Highest-paid employee | 20 | $90,000 |
| THOMAS C NEWCOMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANDREW G HOFFMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| WAYNE E ALTER JR | DIRECTOR Trustee or director | 1 | $0 |
| DONALD L HOFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN W LEAGUE | DIRECTOR Trustee or director | 1 | $0 |
| ALFRED E MARTIN | ASST TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES R STOJAK | DIRECTOR Trustee or director | 1 | $0 |
| RONALD Z SULCHEK | DIRECTOR Trustee or director | 1 | $0 |
| JAMES KERCHEVAL | ASST SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN LATIMER IV | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW SARGENT | DIRECTOR Trustee or director, Institutional trustee | 1 | $0 |
| DR JIM KLAUBER | DIRECTOR Trustee or director | 1 | $0 |
| JULIE ROHM | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW SERAFINI | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended May 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY I SNOOK | PRESIDENT/CEO Trustee or director, Officer, Highest-paid employee | 20 | $93,750 |
| THOMAS C NEWCOMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANDREW G HOFFMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| WAYNE E ALTER JR | DIRECTOR Trustee or director | 1 | $0 |
| LEROY R BURTNER | SECRETARY Trustee or director, Officer | 1 | $0 |
| DONALD L HOFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN W LEAGUE | DIRECTOR Trustee or director | 1 | $0 |
| ALFRED E MARTIN | ASST TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES R STOJAK | DIRECTOR Trustee or director | 1 | $0 |
| RONALD Z SULCHEK | DIRECTOR Trustee or director | 1 | $0 |
| JAMES KERCHEVAL | ASST SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN LATIMER IV | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW SARGENT | DIRECTOR Trustee or director, Institutional trustee | 1 | $0 |
| DR JIM KLAUBER | DIRECTOR Trustee or director | 1 | $0 |
| JULIE ROHM | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 S POTOMAC ST, HAGERSTOWN, MD 21740-5512
- Principal officer (990 for 2024)
- GREGORY SNOOK, 1 SOUTH POTOMAC STREET, HAGERSTOWN, MD 21740
- Signed the 990
- GREGORY SNOOK, PRESIDENTCEO
- Phone
- (301) 739-2015
- Return prepared by
- NYT CPAS
Mission
ECONOMIC DEVELOPMENT WITHIN WASHINGTON COUNTY, MARYLAND WITH REVITALIZATION OF DOWNTOWN HAGERSTOWN IN ORDER TO PROVIDE A BETTER QUALITY OF LIFE FOR ALL.
Program accomplishments
- THE ORGANIZATION DEVELOPS REAL ESTATE FOR THE PURPOSE OF ENHANCING ECONOMIC AND COMMUNITY DEVELOPMENT FOR BUSINESS AND INDUSTRIAL EXPANSION IN WASHINGTON COUNTY, MARYLAND.
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0737260
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1963
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,878,079
- Income (IRS master file)
- $311,574
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $311,574 | $143,713 | $10,878,079 | XML |
| 990 | May 2024 | $213,145 | $139,137 | $10,445,038 | XML |
| 990 | May 2023 | $161,794 | $166,296 | $10,047,331 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | 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 52-0737260).
Questions about HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC
- What is the EIN of HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC?
- The employer identification number (EIN) of HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC is 52-0737260.
- Is HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1963.
- Are donations to HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION 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 HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC?
- The 990 for the year ended May 31, 2025 names GREGORY SNOOK.
- Who are the officers and directors of HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC?
- The 990 for the year ended May 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $90,000 (GREGORY I SNOOK, PRESIDENT/CEO).
- How much revenue does HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $311,574, expenses of $143,713 and total assets of $10,878,079 at year end.
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