Nonprofit · EIN 52-0885275
SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC
Tax-exempt · SALISBURY, MD 21803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $690,618 | $664,781 | $25,837 | $1,446,636 | $284,075 | $1,162,561 |
| August 31, 2024 | 990 | $2,352,646 | $2,319,725 | $32,921 | $1,781,157 | $644,433 | $1,136,724 |
| August 31, 2023 | 990 | $971,279 | $935,320 | $35,959 | $3,746,568 | $2,642,765 | $1,103,803 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $651,094
- of which government grants
- $307,936
- Program service revenue
- $33,587
- Investment income
- $5,937
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $9,491
- Compensation of officers, directors and key employees
- $190,054
- Other salaries and wages
- $4,290
- Salaries, compensation and benefits (total)
- $254,173
- Professional fundraising fees
- $0
- Accounting fees
- $8,000
- Occupancy
- $14,577
- Depreciation
- $639
- Program services (functional)
- $625,027
- Management and general (functional)
- $39,754
Balance sheet and other
- Total assets, start of year
- $1,781,157
- Total assets, end of year
- $1,446,636
- Total liabilities, end of year
- $284,075
- Net assets, end of year
- $1,162,561
- Land, buildings and equipment
- $876
- Net assets without donor restrictions
- $437,670
- Net assets with donor restrictions
- $724,891
- Gross receipts
- $690,618
- Employees
- 3
- Year formed
- 1968
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David J Ryan Jr | Executive Dir. Trustee or director, Officer | 40 | $166,428 | $4,993 |
| CHRISTOPHER ECCLESTON | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS HALL | Director Trustee or director | 1 | $0 | $0 |
| TONY NICHOLS | Director Trustee or director | 1 | $0 | $0 |
| DR DERREK DUNN | Director Trustee or director | 1 | $0 | $0 |
| MATTHEW POWELL | Director Trustee or director | 1 | $0 | $0 |
| KATHY BENNETT | Director Trustee or director | 1 | $0 | $0 |
| CHELSYE PHILLIPS-HUTTON | Director Trustee or director | 1 | $0 | $0 |
| MARCUS BEAL | Director Trustee or director | 1 | $0 | $0 |
| JOE HOLLOWAY | Director Trustee or director | 1 | $0 | $0 |
| CHRISTY WEER | President Trustee or director, Officer | 1 | $0 | $0 |
| RANDY TAYLOR | Director Trustee or director | 1 | $0 | $0 |
| MARK WELSH | Director Trustee or director | 1 | $0 | $0 |
| ELI MODLIN | Director Trustee or director | 1 | $0 | $0 |
| JIM WILLEY | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DWIGHT MILLER | Director Trustee or director | 1 | $0 |
| BOB CORE | Director Trustee or director | 1 | $0 |
| MARIA WALLER | Director Trustee or director | 1 | $0 |
| BAK PATEL | Director Trustee or director | 1 | $0 |
| HENRY HANNA III | Director Trustee or director | 1 | $0 |
| MONTY SAYLER | Director Trustee or director | 1 | $0 |
| JOHN STERN | Director Trustee or director | 1 | $0 |
| JENNIFER POULSEN | Director Trustee or director | 1 | $0 |
| RICHARD MORRIS | Director Trustee or director | 1 | $0 |
| TRENT PUSEY | Vice President Trustee or director, Officer | 1 | $0 |
| DAWN ADKINS-HARCUM | Director Trustee or director | 1 | $0 |
| CHRIS PERDUE | Director Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David J Ryan Jr | Executive Dir. Trustee or director, Officer | 40 | $162,169 | $4,865 |
| CHRISTOPHER ECCLESTON | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS HALL | Director Trustee or director | 1 | $0 | $0 |
| TONY NICHOLS | Director Trustee or director | 1 | $0 | $0 |
| DR DERREK DUNN | Director Trustee or director | 1 | $0 | $0 |
| MATTHEW POWELL | Director Trustee or director | 1 | $0 | $0 |
| KATHY BENNETT | Director Trustee or director | 1 | $0 | $0 |
| CHELSYE PHILLIPS-HUTTON | Director Trustee or director | 1 | $0 | $0 |
| MARCUS BEAL | Director Trustee or director | 1 | $0 | $0 |
| JOE HOLLOWAY | Director Trustee or director | 1 | $0 | $0 |
| CHRISTY WEER | President Trustee or director, Officer | 1 | $0 | $0 |
| RANDY TAYLOR | Director Trustee or director | 1 | $0 | $0 |
| MARK WELSH | Director Trustee or director | 1 | $0 | $0 |
| ELI MODLIN | Director Trustee or director | 1 | $0 | $0 |
| JIM WILLEY | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| DWIGHT MILLER | Director Trustee or director | 1 | $0 | $0 |
| BOB CORE | Director Trustee or director | 1 | $0 | $0 |
| MARIA WALLER | Director Trustee or director | 1 | $0 | $0 |
| BAK PATEL | Director Trustee or director | 1 | $0 | $0 |
| HENRY HANNA III | Director Trustee or director | 1 | $0 | $0 |
| MONTY SAYLER | Director Trustee or director | 1 | $0 | $0 |
| JOHN STERN | Director Trustee or director | 1 | $0 | $0 |
| JENNIFER POULSEN | Director Trustee or director | 1 | $0 | $0 |
| RICHARD MORRIS | Director Trustee or director | 1 | $0 | $0 |
| TRENT PUSEY | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| DAWN ADKINS-HARCUM | Director Trustee or director | 1 | $0 | $0 |
| CHRIS PERDUE | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David J Ryan Jr | Executive Dir. Trustee or director, Officer | 40 | $152,731 | $4,582 |
| CHRISTOPHER ECCLESTON | Director Trustee or director | 1 | $0 | $0 |
| CHRIS HALL | Director Trustee or director | 1 | $0 | $0 |
| TONY NICHOLS | President Trustee or director, Officer | 1 | $0 | $0 |
| DR DERREK DUNN | Director Trustee or director | 1 | $0 | $0 |
| MATTHEW POWELL | Director Trustee or director | 1 | $0 | $0 |
| KATHY BENNETT | Director Trustee or director | 1 | $0 | $0 |
| CHELSYE PHILLIPS-HUTTON | Director Trustee or director | 1 | $0 | $0 |
| MARCUS BEAL | Director Trustee or director | 1 | $0 | $0 |
| JOE HOLLOWAY | Director Trustee or director | 1 | $0 | $0 |
| CHRISTY WEER | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| JACK HEATH | Director Trustee or director | 1 | $0 | $0 |
| MARK WELSH | Director Trustee or director | 1 | $0 | $0 |
| ELI MODLIN | Director Trustee or director | 1 | $0 | $0 |
| JIM WILLEY | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| DWIGHT MILLER | Director Trustee or director | 1 | $0 | $0 |
| BOB CORE | Director Trustee or director | 1 | $0 | $0 |
| HENRY HANNA III | Director Trustee or director | 1 | $0 | $0 |
| MONTY SAYLER | Director Trustee or director | 1 | $0 | $0 |
| RICHARD MORRIS | Director Trustee or director | 1 | $0 | $0 |
| ED TOWNSEND | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| DAWN ADKINS-HARCUM | Director Trustee or director | 1 | $0 | $0 |
| CHRIS PERDUE | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4700, SALISBURY, MD 21803-4700
- In care of
- % SALI
- Principal officer (990 for 2024)
- David J Ryan Jr, PO Box 4700, Salisbury, MD 218034700
- Signed the 990
- David J Ryan Jr, Executive Director
- Phone
- (410) 749-1251
- Website
- swed.org
- Return prepared by
- Barbara H Haberstroh PA
Mission
RESPONSIBLE FOR THE ENHANCEMENT OF THE SOCIO-ECONOMIC ENVIRONMENT OF SALISBURY AND THE WICOMICO COUNTY REGION THROUGH THE PRESERVATION AND CREATION OF PRODUCTIVE EMPLOYMENT OPPORTUNITIES.
Program accomplishments
- Economic Development of Salisbury, Maryland AND LOCAL AREA.Expenses $625,027 · grants $9,491 · revenue $684,681
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 52-0885275
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,446,636
- Income (IRS master file)
- $690,618
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $690,618 | $664,781 | $1,446,636 | XML |
| 990 | August 2024 | $2,352,646 | $2,319,725 | $1,781,157 | XML |
| 990 | August 2023 | $971,279 | $935,320 | $3,746,568 | XML |
| 990 | August 2022 | $288,082 | $430,412 | $1,074,351 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | 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 52-0885275).
Questions about SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC
- What is the EIN of SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC is 52-0885275.
- Is SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1970.
- Are donations to SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SALISBURY WICOMICO ECONOMIC DEVELOPMENT 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 SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended August 31, 2025 names David J Ryan Jr.
- Who are the officers and directors of SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended August 31, 2025 lists 27 people; 1 received compensation from the organization, the highest $166,428 (David J Ryan Jr, Executive Dir.).
- How much revenue does SALISBURY WICOMICO ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $690,618, expenses of $664,781 and total assets of $1,446,636 at year end.
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