Winchester Economic Development Corportation

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The mission of the wedc is to support existing businesses, attract new commercial ventures, and to promote sustainable growth utilizing environmentally sound strategies, for the purpose of improving tax base, employment, and offering a wider selection of services and products to the community of Winchester.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $74K a year · 51% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$279K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
+199% vs prior year
Spent
$87K
To programs
82%
Net assets
$775K
By yearFY2020–FY2024
Revenue
$44K
FY2024▲ +199%
Tap a bar for its year
Revenue by fiscal year
FY2020$328K
FY2021$308K
FY2022$22K
FY2023$15K
FY2024$44K
Expenses
$87K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$58K
FY2021$44K
FY2022$88K
FY2023$72K
FY2024$87K
Net assets
$775K
FY2024▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020$247K
FY2021$512K
FY2022$445K
FY2023$388K
FY2024$775K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $71K Management & general 18% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$32,170Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Jessica Wright-Moore’s $32K as Executive Director is at the 72nd percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Jessica Wright-Moore$32,170$15,864

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.

See Winchester Economic Development Corportation executive salaries →

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

Promotes sustainable business growth and attracts new ventures to improve the community.

Questions for Winchester Economic Development Corportation

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1 program · $71K · in their own filed words · FY2024
01

Economic development administration, U.S. Department of commerce.

$71Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$44K
Ln 12
Gifts and grantsLn 1h$42K
Investment incomeLn 3$2K
Money outPt IX
$87K
Ln 25
Programscol B$71K
Managementcol C$16K
Owns and owesPt X
$775K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$1.1M
LiabilitiesLn 26$279K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Government grantsLn 1e$33K
Investment incomeLn 3$2K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$81K
Other assetsLn 15$943K
Total assetsLn 16$1.1M
LiabilitiesLn 26$279K
Net assetsLn 32$775K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$68K$30K
Land, buildings, equipmentLn 10c$86K$81K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$279K$279K
Net assetsLn 32$818K$775K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$33K$24K$8K
Other fees for servicesLn 11g$13K$8K$5K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$407$407
TravelLn 17$466$466
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$14K$14K$125
Total functional expensesLn 25$87K$71K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS May 13, 2026 $44K$87K−$43K$775K 990 PDF
FY2023Filed with the IRS Nov 6, 2024 $15K$72K−$57K$388K 990 PDF
FY2022Filed with the IRS Aug 10, 2023 $22K$88K−$67K$445K 990 PDF
FY2021Filed with the IRS May 16, 2022 $308K$44K$264K$512K 990 PDF
FY2020Filed with the IRS May 17, 2021 $328K$58K$271K$247K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $43,928 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,950$41,801
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $11,725$2,127
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $14,675$43,928
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,864$32,531
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $55,754$54,176
I-18 Total expensesPrior year $71,618$86,707
I-19 Revenue less expensesPrior year −$56,943−$42,779
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $43,928 across 5 lines filed
VIII-1e Government grants$33,301
VIII-1f All other contributions, gifts and grants$8,500
VIII-1h Total contributions, gifts and grants$41,801
VIII-3 Investment incomeExcluded from tax $2,127$2,127
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,127$43,928
Part IX · Statement of functional expenses $86,707 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,128 · Management $8,403$32,531
IX-11g Other fees for servicesPrograms $7,912 · Management $5,377$13,289
IX-12 Advertising and promotionPrograms $2,657$2,657
IX-13 Office expensesManagement $407$407
IX-17 TravelManagement $466$466
IX-19 Conferences, conventions and meetingsManagement $1,041$1,041
IX-20 InterestPrograms $15,719$15,719
IX-22 Depreciation, depletion and amortizationPrograms $4,759$4,759
IX-23 InsurancePrograms $1,626$1,626
IX-24 Other expenses (24a–d)Programs $14,087 · Management $125$14,212
IX-25 Total functional expensesPrograms $70,888 · Management $15,819 · Fundraising $0$86,707
Part X · Balance sheet $1,054,226 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $18,442$30,422
X-2 Savings and temporary cash investmentsStart of year $50,000$0
X-10c Land, buildings and equipment, netStart of year $85,663$80,904
X-15 Other assetsStart of year $942,900$942,900
X-16 Total assetsStart of year $1,097,005$1,054,226
X-23 Secured mortgages and notes payableStart of year $279,174$279,174
X-26 Total liabilitiesStart of year $279,174$279,174
X-27 Net assets without donor restrictionsStart of year $817,831$775,052
X-32 Total net assets or fund balancesStart of year $817,831$775,052
X-33 Total liabilities and net assetsStart of year $1,097,005$1,054,226
Part XI · Reconciliation of net assets $775,052 net assets at year end
XI-1 Total revenue$43,928
XI-2 Total expenses$86,707
XI-3 Revenue less expenses−$42,779
XI-4 Net assets at start of year$817,831
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$775,052

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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