Nonprofit · EIN 34-1476938
STARK ECONOMIC DEVELOPMENT BOARD INC
Tax-exempt · CANTON, OH 44702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,728,680 | $2,205,236 | -$476,556 | $4,239,277 | $677,033 | $3,562,244 |
| June 30, 2024 | 990 | $3,350,050 | $2,260,828 | $1,089,222 | $4,718,596 | $679,796 | $4,038,800 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,545,184
- of which government grants
- $477,600
- Program service revenue
- $69,600
- Investment income
- $73,409
- Net rental income
- $25,869
- Other revenue
- $40,487
Expenses
- Grants and similar amounts paid
- $62,100
- Compensation of officers, directors and key employees
- $260,058
- Other salaries and wages
- $665,805
- Salaries, compensation and benefits (total)
- $1,171,928
- Professional fundraising fees
- $0
- Legal fees
- $1,524
- Accounting fees
- $20,365
- Occupancy
- $38,668
- Travel
- $34,853
- Depreciation
- $19,458
- Program services (functional)
- $1,891,336
- Management and general (functional)
- $255,304
- Fundraising (functional)
- $58,596
Balance sheet and other
- Total assets, start of year
- $4,718,596
- Total assets, end of year
- $4,239,277
- Total liabilities, end of year
- $677,033
- Net assets, end of year
- $3,562,244
- Land, buildings and equipment
- $283,442
- Net assets without donor restrictions
- $1,804,820
- Net assets with donor restrictions
- $1,757,424
- Gross receipts
- $1,728,680
- Employees
- 10
- Volunteers
- 51
- Year formed
- 1985
- State of legal domicile
- OH
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAY HEXAMER | PRESIDENT & CEO Officer | 35 | $193,512 | $45,500 |
| WILLIAM SHIVERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN BELDEN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOSEPH SCHAUER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE SLUTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS GOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS KABOTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER HUNT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVE KIRVEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GREG KING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACKIE STEWART | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT SAVAGE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE DALEIDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE MATUSZEWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN LANGELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
37 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RICHARD | DIRECTOR Trustee or director | 2 | $0 |
| JORDAN GREENWALD | DIRECTOR Trustee or director | 2 | $0 |
| DOUG SIBILA | DIRECTOR Trustee or director | 2 | $0 |
| GERARD MASTROIANNI | DIRECTOR Trustee or director | 2 | $0 |
| KATHY SHULTZ | DIRECTOR Trustee or director | 2 | $0 |
| DOUG SCHWARZ | DIRECTOR Trustee or director | 2 | $0 |
| BARBARA H BENNETT | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES HAMMONTREE | DIRECTOR Trustee or director | 2 | $0 |
| MATT STERLING | DIRECTOR Trustee or director | 2 | $0 |
| CHAD ISLER | DIRECTOR Trustee or director | 2 | $0 |
| SHELLY BROWN | DIRECTOR Trustee or director | 2 | $0 |
| MICK HECKMAN | DIRECTOR Trustee or director | 2 | $0 |
| PARA JONES | DIRECTOR Trustee or director | 2 | $0 |
| RENATO CAMACHO | DIRECTOR Trustee or director | 2 | $0 |
| RICK L HULL | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT GESSNER | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT MULLEN | DIRECTOR Trustee or director | 2 | $0 |
| MARK J SAMOLCZYK | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW GROVE | DIRECTOR Trustee or director | 2 | $0 |
| SANDY UPPERMAN | DIRECTOR Trustee or director | 2 | $0 |
| MATT GREGORY | DIRECTOR Trustee or director | 2 | $0 |
| TIM COLLINS | DIRECTOR Trustee or director | 2 | $0 |
| TIM TIMKEN JR | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY CRONE | DIRECTOR Trustee or director | 2 | $0 |
| TIMOTHY SEIFERT | DIRECTOR Trustee or director | 2 | $0 |
| TODD PUGH | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM SHERER II | DIRECTOR Trustee or director | 2 | $0 |
| ALAN HAROLD | DIRECTOR Trustee or director | 2 | $0 |
| MARK SCHEFFLER | DIRECTOR Trustee or director | 2 | $0 |
| TRACY DOWE | DIRECTOR Trustee or director | 2 | $0 |
| RYAN STENGER | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY J HEALY | DIRECTOR Trustee or director | 2 | $0 |
| MATT LEUENBERGER | DIRECTOR Trustee or director | 2 | $0 |
| ROD MOORE | DIRECTOR Trustee or director | 2 | $0 |
| LUCAS MURRAY | DIRECTOR Trustee or director | 2 | $0 |
| MARK VANDEGRIFT | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD REGULA | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 53 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAY HEXAMER | PRESIDENT & CEO Officer | 35 | $197,581 | $42,750 |
| WILLIAM SHIVERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN BELDEN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOSEPH SCHAUER | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE SLUTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRUCE M SOARES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS GOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS KABOTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER HUNT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVE KIRVEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DICK MAGGIORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDY ZIEGLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILL COOK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GREG KING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACKIE STEWART | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANET WEIR CREIGHTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT SAVAGE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE DALEIDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE MATUSZEWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN LANGELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN RICHARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JORDAN GREENWALD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG SIBILA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GERARD MASTROIANNI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHY SHULTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG SCHWARZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA H BENNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES HAMMONTREE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD BELDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT STERLING | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT T WARBURTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHAD ISLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHELLY BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICK HECKMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PARA JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RENATO CAMACHO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICK L HULL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT GESSNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT MULLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK J SAMOLCZYK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW GROVE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SANDY UPPERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS E CECCONI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT GREGORY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM COLLINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM TIMKEN JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY CRONE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY MALONEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIMOTHY SEIFERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TODD PUGH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM SHERER II | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK SCHEFFLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN STENGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 3RD ST SE STE 310, CANTON, OH 44702-1100
- Principal officer (990 for 2024)
- STEPHEN MACKENZIE, 400 3RD STREET SE 310, CANTON, OH 44702
- Signed the 990
- STEPHEN MACKENZIE, PRESIDENT & CEO
- Phone
- (330) 453-5900
- Website
- WWW.STARKCOOHIO.COM
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
WE STRENGTHEN STARK COUNTY BY DRIVING BUSINESS GROWTH AND LEADING ITS ECONOMIC TRANSFORMATION.
Program accomplishments
- THE STARK ECONOMIC DEVELOPMENT BOARD, INC. IS AN ORGANIZATION WHOSE PURPOSE IS TO ATTRACT, EXPAND AND RETAIN BUSINESS INVESTMENTS IN STARK COUNTY, OHIO. SEDB IS A CONDUIT TO FUNDING SOURCES FOR BUSINESSES THROUGH THE STARK COUNTY PORT AUTHORITY AND AS THE LOCAL TEAM NEO/JOBS OHIO PARTNER.Expenses $1,891,336 · grants $62,100 · revenue $69,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1476938
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Assets (IRS master file)
- $4,239,277
- Income (IRS master file)
- $1,728,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,728,680 | $2,205,236 | $4,239,277 | IRS |
| 990 | June 2024 | $3,350,050 | $2,260,828 | $4,718,596 | XML |
| 990 | June 2023 | $1,169,229 | $1,752,044 | $3,682,250 | IRS |
| 990 | June 2022 | $872,768 | $1,295,041 | $3,590,351 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 34-1476938).
Questions about STARK ECONOMIC DEVELOPMENT BOARD INC
- What is the EIN of STARK ECONOMIC DEVELOPMENT BOARD INC?
- The employer identification number (EIN) of STARK ECONOMIC DEVELOPMENT BOARD INC is 34-1476938.
- Is STARK ECONOMIC DEVELOPMENT BOARD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to STARK ECONOMIC DEVELOPMENT BOARD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STARK ECONOMIC DEVELOPMENT BOARD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STARK ECONOMIC DEVELOPMENT BOARD INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STARK ECONOMIC DEVELOPMENT BOARD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of STARK ECONOMIC DEVELOPMENT BOARD INC?
- The 990 for the year ended June 30, 2025 names STEPHEN MACKENZIE.
- Who are the officers and directors of STARK ECONOMIC DEVELOPMENT BOARD INC?
- The 990 for the year ended June 30, 2025 lists 52 people; 1 received compensation from the organization, the highest $193,512 (RAY HEXAMER, PRESIDENT & CEO).
- How much revenue does STARK ECONOMIC DEVELOPMENT BOARD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,728,680, expenses of $2,205,236 and total assets of $4,239,277 at year end.
Other nonprofits in CANTON
- COMMUNITY BUILDING PARTNERSHIP OF STARK COUNTY INC EIN 45-1560552 · last filed 990 for 2024
- DOWNTOWN CANTON PARTNERSHIP INC EIN 92-0842157 · last filed 990 for 2025
- DOWNTOWN CANTON SPECIAL IMPROVEMENT DISTRICT INC EIN 34-1859179 · last filed 990 for 2025
- LEMMON FOUNDATION INC EIN 87-3896134 · last filed 990 for 2024
- HILLS & DALES HOME OWNERS ASSOCIATION EIN 11-3664892 · last filed 990 for 2025
- STARK COUNTY REGIONAL PLANNING COMMISSION SERVICES INC EIN 34-1878856 · last filed 990 for 2026
- WOMENS IMPACT INC EIN 32-0384984 · last filed 990-EZ for 2025
- DCLB CORP EIN 34-1870788 · last filed 990 for 2025
All nonprofits in CANTON · Ohio · Community improvement and capacity building