Winchester Economic Development Corportation FY2020 filing

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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.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0316421) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
5¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
5%
of spending
5% of spending went to programs.
Pt IX · Ln 25 · col B
19.2 mo
of spending, in cash
19.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$378K
60% of total assets
Liabilities are 60% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$328K
Spent
$58K
To programs
5%
Net assets
$247K
By yearFY2020–FY2024
Revenue
$328K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$328K
FY2021$308K
FY2022$22K
FY2023$15K
FY2024$44K
Expenses
$58K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$58K
FY2021$44K
FY2022$88K
FY2023$72K
FY2024$87K
Net assets
$247K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$247K
FY2021$512K
FY2022$445K
FY2023$388K
FY2024$775K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

5 cents of each dollar spent went to programs.

Program services 5% · $3K Management & general 95% · $55K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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.

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1 program · $3K · in their own filed words · FY2020
01

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

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0316421) · Dispute this line
$3Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$328K
Ln 12
Gifts and grantsLn 1h$328K
Money outPt IX
$58K
Ln 25
Programscol B$3K
Managementcol C$55K
Owns and owesPt X
$247K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$625K
LiabilitiesLn 26$378K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$328K
Total revenueLn 12$328K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Land, buildings, equipmentLn 10c$533K
Total assetsLn 16$625K
LiabilitiesLn 26$378K
Net assetsLn 32$247K
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 FY20End FY20
Cash and savingsLn 1–2$23K$92K
Land, buildings, equipmentLn 10c$0$533K
Total assetsLn 16$28K$625K
LiabilitiesLn 26$51K$378K
Net assetsLn 32−$23K$247K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$44K$44K
Advertising and promotionLn 12$625$625
Office expensesLn 13$381$381
InterestLn 20$8K$8K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$58K$3K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled with the IRS May 17, 2021 $328K$58K$271K$247K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $328,070 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,910$328,070
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $30,910$328,070
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,262$57,556
I-18 Total expensesPrior year $48,262$57,556
I-19 Revenue less expensesPrior year −$17,352$270,514
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 $328,070 across 3 lines filed
VIII-1f All other contributions, gifts and grants$328,070
VIII-1h Total contributions, gifts and grants$328,070
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$328,070
Part IX · Statement of functional expenses $57,556 across 6 lines filed
IX-11g Other fees for servicesManagement $43,578$43,578
IX-12 Advertising and promotionPrograms $625$625
IX-13 Office expensesManagement $381$381
IX-20 InterestManagement $8,435$8,435
IX-23 InsurancePrograms $2,414$2,414
IX-24 Other expenses (24a–d)Management $2,123$2,123
IX-25 Total functional expensesPrograms $3,039 · Management $54,517 · Fundraising $0$57,556
Part X · Balance sheet $624,921 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $22,678$92,016
X-10c Land, buildings and equipment, netStart of year $0$532,905
X-15 Other assetsStart of year $5,000$0
X-16 Total assetsStart of year $27,678$624,921
X-17 Accounts payable and accrued expensesStart of year $500$500
X-23 Secured mortgages and notes payableStart of year $50,653$377,382
X-26 Total liabilitiesStart of year $51,153$377,882
X-27 Net assets without donor restrictionsStart of year −$23,475$247,039
X-32 Total net assets or fund balancesStart of year −$23,475$247,039
X-33 Total liabilities and net assetsStart of year $27,678$624,921
Part XI · Reconciliation of net assets $247,039 net assets at year end
XI-1 Total revenue$328,070
XI-2 Total expenses$57,556
XI-3 Revenue less expenses$270,514
XI-4 Net assets at start of year−$23,475
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$247,039

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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