Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2013.
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.
Something off? Claim to add context
Who runs it and what they're paid
8 people listed on the 990; $58K paid to officers and key staff.
Charles Russell’s $58K as Executive Di is at the 5th percentile of top reported officer pay among 2832 $1–10M 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Charles Russell | $58,400 | $33,688 | — | — | — |
| Carolyn Dunn | — | — | — | $55,000 | $50,902 |
| Kathleen Norman | — | — | $54,500 | $36,500 | — |
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 Stafford County Economic Development INC 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
Boosts county growth by supporting businesses, engaging the community, and promoting the area.
Questions for Stafford County Economic Development INC
Your first name shows with your question. Stafford County Economic Development INC answers here, for everyone.
Construction and maintenance of a grocery store in ST. John to provide the local community and surrounding area with a grocery store that is affordable and convenient to the citizens of stafford county.
Administer housing programs to advance the availability of housing that is affordable for low and moderate income population. Manage three rental housing units. Administer and monitor the implementation of the moderate income housing program incentive for stafford county, which is used to incentivize private-owned development of…
Maintain a building for use as a business incubator to provide readily available space to start a business, and to provide education and support services to entrepreneurs.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $485K | $557K |
| InvestmentsLn 11–13 | $69K | $73K |
| Land, buildings, equipmentLn 10c | $5.2M | $5.4M |
| Total assetsLn 16 | $6.0M | $7.2M |
| LiabilitiesLn 26 | $1.9M | $1.7M |
| Net assetsLn 32 | $4.1M | $5.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $57K | $38K | $19K | |
| Other salaries and wagesLn 7 | $72K | $42K | $30K | |
| Pension plan contributionsLn 8 | $3K | $3K | ||
| Other employee benefitsLn 9 | $6K | $6K | ||
| Payroll taxesLn 10 | $10K | $10K | ||
| Accounting feesLn 11c | $12K | $12K | ||
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $2K | $2K | $452 | |
| Information technologyLn 14 | $7K | $6K | $806 | |
| TravelLn 17 | $7K | $7K | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | ||
| InterestLn 20 | $54K | $54K | ||
| Depreciation, depletion and amortizationLn 22 | $187K | $187K | ||
| InsuranceLn 23 | $22K | $20K | $2K | |
| Other expenses (24a–d)Ln 24 | $581K | $581K | ||
| All other expensesLn 24e | $42K | $38K | $4K | |
| Total functional expensesLn 25 | $1.1M | $981K | $87K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $2.4M | $1.1M | $1.3M | $5.4M | 990 PDF |
| FY2023Filed with the IRS Nov 12, 2024 | $1.4M | $768K | $668K | $4.1M | 990 PDF |
| FY2022Filed with the IRS Oct 16, 2023 | $1.1M | $523K | $544K | $3.4M | 990 PDF |
| FY2021Filed with the IRS Sep 19, 2022 | $1.2M | $402K | $756K | $2.9M | 990 PDF |
| FY2020Filed with the IRS Oct 4, 2021 | $637K | $601K | $36K | $2.2M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,395,143 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $2,395,143 across 7 lines filed
Part IX · Statement of functional expenses $1,068,104 across 16 lines filed
Part X · Balance sheet $7,159,933 assets, 12 lines filed
Part XI · Reconciliation of net assets $5,419,300 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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