Nonprofit · EIN 81-4958212
ECONOMIC ACTION GROUP INC
Tax-exempt · YOUNGSTOWN, OH 44503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $510,073 | $423,796 | $86,277 | $391,554 | $50,901 | $340,653 |
| December 31, 2023 | 990 | $216,350 | $288,724 | -$72,374 | $272,212 | $17,836 | $254,376 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $430,320
- Program service revenue
- $73,964
- Investment income
- $4,666
- Other revenue
- $1,123
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $234,030
- Salaries, compensation and benefits (total)
- $272,371
- Professional fundraising fees
- $0
- Legal fees
- $405
- Accounting fees
- $7,835
- Occupancy
- $20,000
- Travel
- $9,951
- Depreciation
- $479
- Program services (functional)
- $322,086
- Management and general (functional)
- $101,710
Balance sheet and other
- Total assets, start of year
- $272,212
- Total assets, end of year
- $391,554
- Total liabilities, end of year
- $50,901
- Net assets, end of year
- $340,653
- Land, buildings and equipment
- $39,724
- Net assets without donor restrictions
- $310,653
- Net assets with donor restrictions
- $30,000
- Gross receipts
- $510,073
- Employees
- 19
- Year formed
- 2013
- State of legal domicile
- OH
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL HOMICK JR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TERESA MILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| ANTHONY TREVENA | BOARD MEMBER Trustee or director | 1 | $0 |
| TYLER WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBORA FLORA | VICE PRESIDE Officer | 1 | $0 |
| JAMES SUTMAN | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEROME FRANKLIN | SECRETARY Trustee or director | 5 | $0 |
| PAUL HOMICK JR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| TERESA MILLER | BOARD MEMBER Trustee or director | 5 | $0 |
| ANTHONY TREVENA | BOARD MEMBER Trustee or director | 5 | $0 |
| TYLER WILLIAMS | BOARD MEMBER Trustee or director | 5 | $0 |
| DEBORA FLORA | VICE PRESIDE Officer | 5 | $0 |
| JAMES SUTMAN | TREASURER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 100 E FEDERAL ST STE 422, YOUNGSTOWN, OH 44503-1810
- In care of
- % NICHOLAS CHRETIEN
- Principal officer (990 for 2024)
- PAUL HOMICK JR, 100 E FEDERAL ST STE 422, YOUNGSTOWN, OH 44503
- Signed the 990
- PAUL HOMICK JR, PRESIDENT
- Phone
- (234) 228-9696
- Website
- WWW.EAGWORKS.ORG
- Return prepared by
- BODINE AND COMPANY LLC
Mission
TO SOLIDIFY AND ACCELERATE DOWNTOWN YOUNGSTOWN'S RESURGENCE AS A CENTER OF EMPLOYMENT, HIGHER EDUCATION, GOVERNMENT SERVICES & CULTURE, AND TO SERVE AS A CATALYST FOR OVERALL ECONOMIC DEVELOPMENT IN THE MAHONING VALLEY.
Program accomplishments
- TO SOLIDIFY AND ACCELERATE DOWNTOWN YOUNGSTOWN'S RESURGANCE AS A CENTER OF EMPLOYMENT, HIGHER EDUCATION, GOVERNMENT SERVICES, & CULTURE, AND TO SERVE AS A CATALYST FOR OVERALL ECONOMIC DEVELOPMENT IN THE MAHONING VALLEY.Expenses $322,086 · revenue $505,407
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4958212
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $391,554
- Income (IRS master file)
- $510,073
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $510,073 | $423,796 | $391,554 | XML |
| 990 | December 2023 | $216,350 | $288,724 | $272,212 | XML |
| 990 | December 2022 | $331,319 | $157,161 | $350,090 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 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 81-4958212).
Questions about ECONOMIC ACTION GROUP INC
- What is the EIN of ECONOMIC ACTION GROUP INC?
- The employer identification number (EIN) of ECONOMIC ACTION GROUP INC is 81-4958212.
- Is ECONOMIC ACTION GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to ECONOMIC ACTION GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC ACTION GROUP 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 ECONOMIC ACTION GROUP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC ACTION GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ECONOMIC ACTION GROUP INC?
- The 990 for the year ended December 31, 2024 names PAUL HOMICK JR.
- Who are the officers and directors of ECONOMIC ACTION GROUP INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC ACTION GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $510,073, expenses of $423,796 and total assets of $391,554 at year end.
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