Wayne Economic Development Corp FY2023 filing
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Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).
Promotes economic development throughout Wayne County, Pennsylvania. For fiscal year 2023 it reported $560K in revenue, $1.1M in expenses, and $2.2M in net assets.Pt I
- Type
- Business league / trade association · Nonprofit
- Location
- Honesdale, PA
- Website
- wayneeconomic.com
- Filings
- 5 on file (2020–2023)
This section is blank until Wayne Economic Development Corp claims this page.
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What Funders Ask
Will my donation be tax-deductible?
WARNINGNo — not deductible
IRS records this as a A business league, chamber of commerce, or trade association. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →
Can I donate to this org right now?
GOODNo revocation on IRS record
This EIN does not appear on the IRS auto-revocation list. See detail →
Is this organization up to date?
GOODFiled FY2024 (typical filing lag)
Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →
Is it receiving grants from reputable foundations?
GOOD1 funder — Ben Franklin Technology Partners of Northeastern Pennsylvania INC
1 distinct foundation funder(s) on file, $8K received in the most recent year with grants. See detail →
How is the money spent?
CRITICAL0% to programs
0% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →
What's its financial size and trend?
NEUTRAL$1–10M · ↓ -27% vs prior year
Revenue band $1–10M, -27% versus the prior filing year (down). See detail →
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Troy Bystrom | $236,269 | $93,661 | $48,000 | $50,400 | $50,400 |
| Mary Beth Wood | $110,038 | $91,828 | $85,738 | $82,440 | $82,271 |
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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Where the work happens
Promotion of economic development in and throughout wayne county, pa
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Statement of Revenue
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Overhead ratio | 0% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -27% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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