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Nonprofit · EIN 52-0737260

HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC

Tax-exempt · HAGERSTOWN, MD 21740

Financials

$213K$139K2023$312K$144K2024
Revenue Expenses · by fiscal year end
Financials of HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$311,574$143,713$167,861$10,878,079$5,833$10,872,246
May 31, 2024990$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.

NameTitleHours / weekCompensation
GREGORY I SNOOKPRESIDENT/CEO
Trustee or director, Officer, Highest-paid employee
20$90,000
THOMAS C NEWCOMERVICE PRESIDENT
Trustee or director, Officer
1$0
ANDREW G HOFFMANTREASURER
Trustee or director, Officer
1$0
WAYNE E ALTER JRDIRECTOR
Trustee or director
1$0
DONALD L HOFFMANDIRECTOR
Trustee or director
1$0
JOHN W LEAGUEDIRECTOR
Trustee or director
1$0
ALFRED E MARTINASST TREASURER
Trustee or director, Officer
1$0
JAMES R STOJAKDIRECTOR
Trustee or director
1$0
RONALD Z SULCHEKDIRECTOR
Trustee or director
1$0
JAMES KERCHEVALASST SECRETARY
Trustee or director, Officer
1$0
JOHN LATIMER IVDIRECTOR
Trustee or director
1$0
ANDREW SARGENTDIRECTOR
Trustee or director, Institutional trustee
1$0
DR JIM KLAUBERDIRECTOR
Trustee or director
1$0
JULIE ROHMDIRECTOR
Trustee or director
1$0
ANDREW SERAFINISECRETARY
Trustee or director, Officer
1$0
990 for the year ended May 31, 2024: 15 people
NameTitleHours / weekCompensation
GREGORY I SNOOKPRESIDENT/CEO
Trustee or director, Officer, Highest-paid employee
20$93,750
THOMAS C NEWCOMERVICE PRESIDENT
Trustee or director, Officer
1$0
ANDREW G HOFFMANTREASURER
Trustee or director, Officer
1$0
WAYNE E ALTER JRDIRECTOR
Trustee or director
1$0
LEROY R BURTNERSECRETARY
Trustee or director, Officer
1$0
DONALD L HOFFMANDIRECTOR
Trustee or director
1$0
JOHN W LEAGUEDIRECTOR
Trustee or director
1$0
ALFRED E MARTINASST TREASURER
Trustee or director, Officer
1$0
JAMES R STOJAKDIRECTOR
Trustee or director
1$0
RONALD Z SULCHEKDIRECTOR
Trustee or director
1$0
JAMES KERCHEVALASST SECRETARY
Trustee or director, Officer
1$0
JOHN LATIMER IVDIRECTOR
Trustee or director
1$0
ANDREW SARGENTDIRECTOR
Trustee or director, Institutional trustee
1$0
DR JIM KLAUBERDIRECTOR
Trustee or director
1$0
JULIE ROHMDIRECTOR
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.

990 for the year ended May 31, 2025

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 yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 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

FormYear endedRevenueExpensesAssetsReturn
990May 2025$311,574$143,713$10,878,079XML
990May 2024$213,145$139,137$10,445,038XML
990May 2023$161,794$166,296$10,047,331IRS
990May 2022–––IRS
990May 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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