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Nonprofiteer
← STARK ECONOMIC DEVELOPMENT BOARD INC

Form 990 for tax year 2024

Filed by STARK ECONOMIC DEVELOPMENT BOARD INC.

Totals

Total revenue
$1,728,680
Total expenses
$2,205,236
Contributions and grants received
$1,545,184
Grants paid
$62,100
Program services expenses (Part IX)
$1,891,336
Management and general expenses
$255,304
Fundraising expenses
$58,596
Program service expenses (Part III)
$1,891,336

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WILLIAM SHIVERS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN BELDEN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH SCHAUER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JAMIE SLUTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRIS GOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRIS KABOTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER HUNT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVE KIRVEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GREG KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JACKIE STEWART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATT SAVAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOE DALEIDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOE MATUSZEWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN LANGELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN RICHARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JORDAN GREENWALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUG SIBILA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GERARD MASTROIANNI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHY SHULTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUG SCHWARZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BARBARA H BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHARLES HAMMONTREE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATT STERLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHAD ISLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHELLY BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICK HECKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PARA JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RENATO CAMACHO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICK L HULL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT GESSNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT MULLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK J SAMOLCZYK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANDREW GROVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SANDY UPPERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATT GREGORY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIM COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIM TIMKEN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIMOTHY CRONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIMOTHY SEIFERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TODD PUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM SHERER II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALAN HAROLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK SCHEFFLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TRACY DOWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RYAN STENGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY J HEALY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATT LEUENBERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROD MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LUCAS MURRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK VANDEGRIFT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD REGULA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RAY HEXAMER

    PRESIDENT & CEO

    Total calculated
    $239,012
    From this org
    $193,512
    From related orgs
    $0
    Other
    $45,500
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $160,542
    Bonus
    $30,000
    Other
    $2,970
    Deferred
    $15,000
    Nontaxable benefits
    $30,500
    Filer's total
    $239,012

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SEDB SPONSORS A SECTION 457(B) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE PRESIDENT AND CEO OF SEDB. NO CONTRIBUTIONS WERE ADDED TO THE PLAN DURING FY 24-25.
PART I, LINE 7:
SEDB OFFERS A BONUS TO THE PRESIDENT & CEO OF SEDB. PAYMENT IS BASED ON 4 KEY DRIVERS OF THE MISSION AND WORK OF SEDB. SEDB EXECUTIVE BOARD DETERMINES WHAT PERCENT OF THE GOALS/OBJECTIVES WERE ACHIEVED BY THE PRESIDENT/CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533189349301573

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