Nonprofit · EIN 20-5413853
WEBSTER DEVELOPMENT FUND
Tax-exempt · SPRINGHILL, LA 71075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $0 | $69,069 | -$69,069 | $1,221,936 | $1,112,103 | $109,833 |
| December 31, 2024 | 990 | $0 | $43,842 | -$43,842 | $1,069,071 | $1,000,002 | $69,069 |
| December 31, 2023 | 990 | $0 | $51,250 | -$51,250 | $1,146,289 | $1,033,378 | $112,911 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $1,069,071
- Total assets, end of year
- $1,221,936
- Total liabilities, end of year
- $1,112,103
- Net assets, end of year
- $109,833
- Land, buildings and equipment
- $196,000
- Net assets without donor restrictions
- $109,833
- Gross receipts
- $0
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARETTIA PAYNE | Director Trustee or director | 2 | $0 |
| CHARLES PAYNE | President Officer | 2 | $0 |
| DENNIS MCMULLAN | Treasurer Officer | 2 | $0 |
| DEREK MELANCON | Exec Dir Key employee | 10 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARETTIA PAYNE | Director Trustee or director | 2 | $0 |
| CHARLES PAYNE | President Officer | 2 | $0 |
| DENNIS MCMULLAN | Treasurer Officer | 2 | $0 |
| DEREK MELANCON | Exec Dir Key employee | 10 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES L PAYNE | President Officer | 2 | $0 |
| DENNIS MCMULLAN | Board Member Trustee or director | 1 | $0 |
| MARETTIA PAYNE | Board Member Trustee or director | 1 | $0 |
| DEREK E MELANCON | Vol Executive Director Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 155, SPRINGHILL, LA 71075-0155
- In care of
- % DEREK MELANCON
- Principal officer (990 for 2025)
- Webster Development Fund, PO Box 155, Springhill, LA 71075
- Signed the 990
- DEREK MELANCON, Exec Dir
- Phone
- (318) 539-2122
Mission
To process mortgages for the Fuller Center of Webster, Inc. for low income families
Program accomplishments
- Collecte funds to contribute to the Fuller Center of Webster, inc To build low income housing and manage mortgages of the houosing for
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5413853
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $1,221,936
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $0 | $69,069 | $1,221,936 | XML |
| 990 | December 2024 | $0 | $43,842 | $1,069,071 | XML |
| 990 | December 2023 | $0 | $51,250 | $1,146,289 | XML |
| 990 | December 2022 | $0 | $50,814 | $1,208,231 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5413853).
Questions about WEBSTER DEVELOPMENT FUND
- What is the EIN of WEBSTER DEVELOPMENT FUND?
- The employer identification number (EIN) of WEBSTER DEVELOPMENT FUND is 20-5413853.
- Is WEBSTER DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to WEBSTER DEVELOPMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WEBSTER DEVELOPMENT FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WEBSTER DEVELOPMENT FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WEBSTER DEVELOPMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WEBSTER DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 names Webster Development Fund.
- Who are the officers and directors of WEBSTER DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does WEBSTER DEVELOPMENT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $0, expenses of $69,069 and total assets of $1,221,936 at year end.
Other nonprofits in SPRINGHILL
- SPRINGHILL MEDICAL SERVICES INC EIN 72-1479692 · last filed 990 for 2024
- LAMA ANIMAL RESCUE AND SUPPORT SERVICES EIN 85-1161706 · last filed 990 for 2024
- BELL OAKS INC EIN 72-0811669 · last filed 990 for 2025
- FULLER CENTER OF WEBSTER INC EIN 72-1193675 · last filed 990 for 2025
- WHO OF NORTH WEBSTER EIN 47-2484262 · last filed 990 for 2024
- WORD OF LIGHT FAITH MINISTRIES INC EIN 72-1417098 · last filed 990-EZ for 2024
- DORCHEAT ACRES WATER SYSTEM INC EIN 72-0816388 · last filed 990-EZ for 2024
- USW LOCAL UNION 554 EIN 72-0551672 · last filed 990-N for 2025