To drive Economic vitality, smart redevelopment, and business formation to foster a healthy quality of life for all generations

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
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
2 of 6
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$94K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
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
$318K
-45% vs prior year
Spent
$336K
To programs
86%
Net assets
$85K
By yearFY2020–FY2025
Revenue
$318K
FY2025▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2020$321K
FY2021$593K
FY2022$531K
FY2023$645K
FY2024$576K
FY2025$318K
Expenses
$336K
FY2025▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$380K
FY2021$537K
FY2022$561K
FY2023$582K
FY2024$580K
FY2025$336K
Net assets
$85K
FY2025▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$19K
FY2021$75K
FY2022$45K
FY2023$107K
FY2024$103K
FY2025$85K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2015.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $290K Management & general 14% · $47K

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

17 people listed on the 990.

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

Tracy Ward’s $121K as Former Executive Director is at the 82nd percentile of top reported officer pay among 1709 $100K–1M 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

NameFY2021FY2020
Tracy Ward$121,143$118,242

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 Easton Economic Development Corporation 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 15aYes

Programs and updates

Drives economic growth, smart redevelopment, and business creation for lasting community well-being.

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Provided by the organization

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1 program · $290K · in their own filed words · FY2025
01

Program services to foster a healthy quality of life for all GENERATIONS.REVENUE above includes grant income.

$290Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Gifts and grantsLn 1h$318K
Investment incomeLn 3$29
Money outPt IX
$336K
Ln 25
Programscol B$290K
Managementcol C$47K
Owns and owesPt X
$85K
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$179K
LiabilitiesLn 26$94K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$318K
Government grantsLn 1e$274K
Investment incomeLn 3$29
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$147K
Cash and savings togetherLn 1–2$147K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$179K
LiabilitiesLn 26$94K
Net assetsLn 32$85K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$172K$147K
Land, buildings, equipmentLn 10c$10K$9K
Total assetsLn 16$226K$179K
LiabilitiesLn 26$123K$94K
Net assetsLn 32$103K$85K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$59K$48K$12K
Pay of disqualified personsLn 6$86K$69K$17K
Payroll taxesLn 10$13K$10K$3K
Management feesLn 11a$2K$2K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$16K$16K
OccupancyLn 16$1K$900$225
TravelLn 17$8K$6K$2K
Depreciation, depletion and amortizationLn 22$3K$3K$71
InsuranceLn 23$1K$1K$273
Other expenses (24a–d)Ln 24$135K$134K$2K
All other expensesLn 24e$406$325$81
Total functional expensesLn 25$336K$290K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $318K$336K−$18K$85K 990 PDF
FY2024Filed with the IRS Nov 5, 2025 $576K$580K−$4K$103K 990 PDF
FY2023Filed with the IRS Oct 29, 2024 $645K$582K$62K$107K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $531K$561K−$30K$45K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $593K$537K$56K$75K 990 PDF
FY2020Filed with the IRS Feb 3, 2022 $321K$380K−$59K$19K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $318,408 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $575,348$318,379
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,116$29
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $576,464$318,408
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 $271,915$158,422
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $308,092$178,028
I-18 Total expensesPrior year $580,007$336,450
I-19 Revenue less expensesPrior year −$3,543−$18,042
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $318,408 across 5 lines filed
VIII-1e Government grants$273,754
VIII-1f All other contributions, gifts and grants$44,625
VIII-1h Total contributions, gifts and grants$318,379
VIII-3 Investment incomeExcluded from tax $29$29
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $29$318,408
Part IX · Statement of functional expenses $336,450 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $47,567 · Management $11,892$59,459
IX-6 Pay of disqualified personsPrograms $68,783 · Management $17,195$85,978
IX-10 Payroll taxesPrograms $10,388 · Management $2,597$12,985
IX-11a Management feesPrograms $1,700$1,700
IX-11c Accounting feesManagement $10,936$10,936
IX-12 Advertising and promotionPrograms $16,472$16,472
IX-16 OccupancyPrograms $900 · Management $225$1,125
IX-17 TravelPrograms $6,404 · Management $1,601$8,005
IX-22 Depreciation, depletion and amortizationPrograms $2,651 · Management $71$2,722
IX-23 InsurancePrograms $1,090 · Management $273$1,363
IX-24 Other expenses (24a–d)Programs $133,639 · Management $1,660$135,299
IX-24e All other expensesPrograms $325 · Management $81$406
IX-25 Total functional expensesPrograms $289,919 · Management $46,531 · Fundraising $0$336,450
Part X · Balance sheet $179,470 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $172,232$147,381
X-9 Prepaid expenses and deferred chargesStart of year $13,424$13,240
X-10c Land, buildings and equipment, netStart of year $10,171$9,349
X-14 Intangible assetsStart of year $11,400$9,500
X-16 Total assetsStart of year $226,227$179,470
X-17 Accounts payable and accrued expensesStart of year $7,498$2,461
X-19 Deferred revenueStart of year $104,335$82,757
X-26 Total liabilitiesStart of year $122,783$94,068
X-27 Net assets without donor restrictionsStart of year $103,444$85,402
X-32 Total net assets or fund balancesStart of year $103,444$85,402
X-33 Total liabilities and net assetsStart of year $226,227$179,470
Part XI · Reconciliation of net assets $85,402 net assets at year end
XI-1 Total revenue$318,408
XI-2 Total expenses$336,450
XI-3 Revenue less expenses−$18,042
XI-4 Net assets at start of year$103,444
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$85,402

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

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