Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1974.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
12 people listed on the 990; $130K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Renee Smith | $185,500 | $130,000 | $98,430 | $93,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Attracts new businesses to create jobs and boost the local economy.
Questions for Fostoria Economic Development Corp
Your first name shows with your question. Fostoria Economic Development Corp answers here, for everyone.
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Promotion of industrial and commercial growth and development within the fostoria metro area.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $305K | $234K |
| Land, buildings, equipmentLn 10c | $13K | $11K |
| Total assetsLn 16 | $336K | $260K |
| LiabilitiesLn 26 | $140K | $129K |
| Net assetsLn 32 | $196K | $131K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $130K | $130K | ||
| Other salaries and wagesLn 7 | $142K | $125K | $17K | |
| Payroll taxesLn 10 | $27K | $25K | $2K | |
| Accounting feesLn 11c | $1K | $1K | ||
| Advertising and promotionLn 12 | $22K | $22K | ||
| Office expensesLn 13 | $5K | $5K | $420 | |
| OccupancyLn 16 | $14K | $8K | $6K | |
| TravelLn 17 | $721 | $721 | ||
| Conferences, conventions and meetingsLn 19 | $2K | $1K | $198 | |
| InterestLn 20 | $866 | $866 | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $3K | $1K | $1K | |
| Other expenses (24a–d)Ln 24 | $11K | $11K | ||
| Total functional expensesLn 25 | $360K | $332K | $28K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $370K | $385K | −$15K | $162K | 990 PDF |
| FY2023 | $443K | $399K | $44K | $177K | 990 PDF |
| FY2022 Viewing | $295K | $360K | −$65K | $131K | 990 PDF |
| FY2021 | $257K | $254K | $3K | $196K | 990 PDF |
| FY2020 | $263K | $262K | $831 | $193K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $294,702 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 3 to look at
Part VIII · Statement of revenue $294,702 across 7 lines filed
Part IX · Statement of functional expenses $360,028 across 13 lines filed
Part X · Balance sheet $259,506 assets, 12 lines filed
Part XI · Reconciliation of net assets $130,891 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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