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← WASHINGTON COUNTY COUNCIL ON ECONOMIC DEVELOPMENT

Form 990 for tax year 2024

Filed by WASHINGTON COUNTY COUNCIL ON ECONOMIC DEVELOPMENT.

Totals

Total revenue
$291,719
Total expenses
$782,557
Contributions and grants received
$66,320
Grants paid
$0
Program service revenue
$150,171
Investment income
$9,886
Other revenue
$65,342
Total assets, end of year
$4,942,573
Total liabilities, end of year
$1,025,673
Net assets or fund balances, end of year
$3,916,900
Program services expenses (Part IX)
$627,561
Management and general expenses
$154,996
Fundraising expenses
$0
Program service expenses (Part III)
$627,561

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $65,820

  • 1f · All other contributions, gifts and grants

    $500

  • 2a · Program service revenue: LOAN INTEREST

    total $150,171 · related or exempt $150,171

  • 3 · Investment income

    total $9,886 · excluded $9,886

  • 11a · Other revenue: OTHER INCOME

    total $65,342 · related or exempt $65,342

  • 11e · Other revenue, total

    $65,342

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,064 · program services $91,836 · management and general $7,228

  • 7 · Other salaries and wages

    total $139,627 · program services $139,627

  • 8 · Pension plan contributions

    total $40,228 · program services $14,159 · management and general $26,069

  • 9 · Other employee benefits

    total $70,945 · program services $41,015 · management and general $29,930

  • 10 · Payroll taxes

    total $27,003 · program services $22,463 · management and general $4,540

  • 11b · Fees: legal

    total $19,257 · program services $19,257

  • 11g · Fees: other

    total $34,464 · program services $18,036 · management and general $16,428

  • 12 · Advertising and promotion

    total $891 · program services $891

  • 13 · Office expenses

    total $17,245 · program services $15,058 · management and general $2,187

  • 16 · Occupancy

    total $18,503 · program services $10,584 · management and general $7,919

  • 17 · Travel

    total $23,688 · program services $23,688

  • 19 · Conferences, conventions and meetings

    total $8,398 · program services $7,947 · management and general $451

  • 20 · Interest

    total $6,532 · program services $6,532

  • 22 · Depreciation, depletion and amortization

    total $47,039 · program services $3,699 · management and general $43,340

  • 23 · Insurance

    total $7,726 · program services $421 · management and general $7,305

  • 24a · Other expenses: CREDIT LOSS EXPENSE

    total $204,629 · program services $204,629 · management and general $0

  • 24b · Other expenses: MISCELLANEOUS

    total $10,505 · program services $1,544 · management and general $8,961

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,813 · program services $6,175 · management and general $638

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,686,161 · end of year $2,434,823

  • 3 · Pledges and grants receivable

    beginning of year $105,239 · end of year $64,820

  • 7 · Other notes and loans receivable

    beginning of year $2,733,872 · end of year $2,301,605

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,779 · end of year $2,598

  • 10a · Land, buildings and equipment: cost or other basis

    $1,177,861

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,039,134

  • 10c · Land, buildings and equipment, net

    beginning of year $172,513 · end of year $138,727

  • 15 · Other assets

    beginning of year $16,860,035 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,369,225 · end of year $98,706

  • 23 · Secured mortgages and notes payable

    beginning of year $3,680,961 · end of year $926,967

  • 25 · Other liabilities

    beginning of year $19,445 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,359,968 · end of year $3,766,900

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $150,000

Mission and programs · 2024

Mission

WASHINGTON COUNTY COUNCIL ON ECONOMIC DEVELOPMENT (WCCED) IS DEDICATED TO A MISSION OF COMMUNITY ECONOMIC DEVELOPMENT.

  • SBA MICROLOAN PROGRAMS - LOANS TO ASSIST SMALL BUSINESSES WITH THE GOAL OF JOB CREATION. IRP AND CDFI LOAN PROGRAMS - GOVERNMENT ASSISTED LENDING TO QUALIFIED BUSINESSES. VARIOUS LOAN PROGRAMS INCLUDING: BENEDUM LOAN PROGRAM, MAIN STREET LOAN PROGRAM, AND ARC PROJECT. AT SEPTEMBER 30, 2025, THERE WERE MULTIPLE LOANS OUTSTANDING TO QUALIFYING BUSINESSES UNDER THESE PROGRAMS.

    Expenses $627,561 · Revenue $215,513

As filed on the 2024 return.

Listed in Part VII

  • Richard L White

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • J Lynn Dehaven

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Robert Griffin

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Marty Beichner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Nick Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Richard Sahar

    EXECUTIVE DIRECTOR

    Total calculated
    $96,978
    From this org
    $89,285
    From related orgs
    $0
    Other
    $7,693
    Hours/week
    40

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 August 2026
IRS schema version
2024v5.5
Source object
202612199349301706

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