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Massillon Development Foundation INC

Not tax-deductible

Massillon, OH501(c)(6)EIN 34-6529502Revenue $69K in FY2025

On file with the IRSmassillondevelopment.com50 North Ave Ne Ste 100, 44646-5510 · Massillon, OHTax-exempt since Jan 1952

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Economic growth and Development

88¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $60K a year · 41% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
255 mo
of spending, in cash
Looks good: 254.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69K
-20% vs prior year
Spent
$78K
To programs
88%
Net assets
$3.3M
By yearFY2020–FY2025
Revenue
$69K
FY2025▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$137K
FY2021$101K
FY2022$456K
FY2023$38K
FY2024$85K
FY2025$69K
Expenses
$78K
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$53K
FY2021$65K
FY2022$76K
FY2023$164K
FY2024$89K
FY2025$78K
Net assets
$3.3M
FY2025-0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.1M
FY2022$3.5M
FY2023$3.4M
FY2024$3.3M
FY2025$3.3M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1952.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $68K Management & general 12% · $9K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Lucas Murray
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Dave Hoffer
Treasurer
$0Pt VII · Sec A
Deborah Busby
Secretary/Ex
$0Pt VII · Sec A
Keith Nutter
Board Member
$0Pt VII · Sec A
John Eisenhut
Board Member
$0Pt VII · Sec A
Fred Horner
Board Member
$0Pt VII · Sec A
Joe Logan
Board Member
$0Pt VII · Sec A
See Massillon Development Foundation INC executive salaries →

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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

Empowers communities through economic growth and development initiatives.

Questions for Massillon Development Foundation INC

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Provided by the organization

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1 program · $68K · in their own filed words · FY2024
01

The massillon development foundation, inc. Recruits new industry to western stark county, helping companies create and maintain jobs for the people of the community, and offers prime real estate at reasonable costs.

$68Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $25K · 2023–2023
Cei Crane & RiggingFY2023$25,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$69K
Ln 12
Investment incomeLn 3$59K
Fees for servicesLn 2g$12K
Money outPt IX
$78K
Ln 25
Programscol B$68K
Managementcol C$9K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$3.4M
LiabilitiesLn 26$21K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$12K
Investment incomeLn 3$59K
Total revenueLn 12$69K
Assets in detailPt X, end of year
CashLn 1$94K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$416K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$3.4M
LiabilitiesLn 26$21K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$1.6M$1.6M
InvestmentsLn 11–13$417K$416K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$3.4M$3.4M
LiabilitiesLn 26$21K$21K
Net assetsLn 32$3.3M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9K$9K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$2K$2K
OccupancyLn 16$40K$32K$8K
TravelLn 17$45$45
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$13K$13K$250
All other expensesLn 24e$228$109$119
Total functional expensesLn 25$78K$68K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $69K$78K−$9K$3.3M 990 PDF
FY2024 $85K$89K−$4K$3.3M 990 PDF
FY2023 $38K$164K−$126K$3.4M 990 PDF
FY2022 $456K$76K$379K$3.5M 990 PDF
FY2021 $101K$65K$36K$3.1M 990 PDF
FY2020 $137K$53K$84K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $68,534 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $13,650$11,850
I-10 Investment incomePrior year $74,375$59,265
I-11 Other revenuePrior year −$2,659−$2,581
I-12 Total revenuePrior year $85,366$68,534
I-13 Grants and similar amounts paidPrior year $28,100$9,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $61,253$68,627
I-18 Total expensesPrior year $89,353$77,627
I-19 Revenue less expensesPrior year −$3,987−$9,093
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $68,534 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,850$11,850
VIII-3 Investment incomeRelated to mission $12,796 · Excluded from tax $46,469$59,265
VIII-5 RoyaltiesExcluded from tax $543$543
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$3,124−$3,124
VIII-12 Total revenueRelated to mission $24,646 · Excluded from tax $43,888$68,534
Part IX · Statement of functional expenses $77,627 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $9,000$9,000
IX-11b Legal feesPrograms $2,665$2,665
IX-11c Accounting feesPrograms $5,000$5,000
IX-11f Investment management feesPrograms $1,750$1,750
IX-16 OccupancyPrograms $32,000 · Management $8,000$40,000
IX-17 TravelPrograms $45$45
IX-19 Conferences, conventions and meetingsManagement $1,039$1,039
IX-23 InsurancePrograms $4,473$4,473
IX-24 Other expenses (24a–d)Programs $13,177 · Management $250$13,427
IX-24e All other expensesPrograms $109 · Management $119$228
IX-25 Total functional expensesPrograms $68,219 · Management $9,408 · Fundraising $0$77,627
Part X · Balance sheet $3,359,266 assets, 11 lines filed
Asset lines not itemized here account for $90,736; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $101,748$94,116
X-2 Savings and temporary cash investmentsStart of year $1,545,614$1,553,600
X-4 Accounts receivableStart of year −$50−$400
X-10c Land, buildings and equipment, netStart of year $1,205,078$1,205,078
X-12 Other securitiesStart of year $416,613$416,136
X-16 Total assetsStart of year $3,368,359$3,359,266
X-19 Deferred revenueStart of year $21,000$21,000
X-26 Total liabilitiesStart of year $21,000$21,000
X-27 Net assets without donor restrictionsStart of year $3,347,359$3,338,266
X-32 Total net assets or fund balancesStart of year $3,347,359$3,338,266
X-33 Total liabilities and net assetsStart of year $3,368,359$3,359,266
Part XI · Reconciliation of net assets $3,338,266 net assets at year end
XI-1 Total revenue$68,534
XI-2 Total expenses$77,627
XI-3 Revenue less expenses−$9,093
XI-4 Net assets at start of year$3,347,359
XI-10 Net assets at end of year$3,338,266

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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