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Watertown Industrial Center Local Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$689k (2023)

Expenses
$637k (2023)

Total Assets
$2.48M (2023)

Total Liabilities
$431k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$689,035
Expenses
$636,589
Net Income
$52,446
Net Assets
$2,050,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $665,275
96.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,760
3.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $121,403
19.1%
Assets/Debt
Total Assets $2,480,774
Total Liabilities $430,653
Net Assets $2,050,121
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Director Of Site Facilitie) $80,958 $0 $7,511
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Robert Cantwell Iii (Member) $0 $0 $0
Paul Warneck (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$689,579
Expenses
$592,464
Net Income
$97,115
Net Assets
$1,997,675
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,000
8.7%
Program Services $627,229
91.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,350
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $107,239
18.1%
Assets/Debt
Total Assets $2,665,450
Total Liabilities $667,775
Net Assets $1,997,675
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Director Of Site Facilitie) $75,373 $0 $2,264
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Robert Cantwell Iii (Member) $0 $0 $0
Paul Warneck (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$639,139
Expenses
$588,667
Net Income
$50,472
Net Assets
$1,900,560
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $621,674
97.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,465
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $100,709
17.1%
Assets/Debt
Total Assets $2,845,456
Total Liabilities $944,896
Net Assets $1,900,560
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Director Of Site Facilities) $75,395 $0 $2,210
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Robert Cantwell Iii (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0
Paul Warneck (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$628,161
Expenses
$602,953
Net Income
$25,208
Net Assets
$1,850,088
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $611,457
97.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,704
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $100,170
16.6%
Assets/Debt
Total Assets $3,026,072
Total Liabilities $1,175,984
Net Assets $1,850,088
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Executive Director) $71,025 $0 $2,130
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Robert Cantwell Iii (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$606,655
Expenses
$618,372
Net Income
-$11,717
Net Assets
$1,824,880
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $589,741
97.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,914
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $93,455
15.1%
Assets/Debt
Total Assets $3,165,649
Total Liabilities $1,340,769
Net Assets $1,824,880
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Executive Director) $69,678 $0 $2,033
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Robert Cantwell Iii (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0
Francis Murray (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$548,698
Expenses
$575,240
Net Income
-$26,542
Net Assets
$1,836,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $532,152
97.0%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,545
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $65,453
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $31,970
5.6%
Assets/Debt
Total Assets $2,973,915
Total Liabilities $1,137,318
Net Assets $1,836,597
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Executive Director) $65,453 $0 $1,959
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Carolyn Fitzpatrick (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0
Francis Murray (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$515,294
Expenses
$644,980
Net Income
-$129,686
Net Assets
$1,863,139
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $498,695
96.8%
Investment Income $0
Bond Proceeds $1
0.0%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,598
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $118,042
18.3%
Assets/Debt
Total Assets $2,995,085
Total Liabilities $1,131,946
Net Assets $1,863,139
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Executive Director) $63,322 $0 $1,800
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Carolyn Fitzpatrick (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0
Francis Murray (Me Mber) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$559,201
Expenses
$636,899
Net Income
-$77,698
Net Assets
$1,992,825
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $540,810
96.7%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,390
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $117,039
18.4%
Assets/Debt
Total Assets $3,254,308
Total Liabilities $1,261,483
Net Assets $1,992,825
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Executive Director) $61,708 $0 $1,800
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Mark Bellinger (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Carolyn Fitzpatrick (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0
Nickolas Darling (Past Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$519,462
Expenses
$601,226
Net Income
-$81,764
Net Assets
$2,070,523
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $499,502
96.2%
Investment Income $158
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,802
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $112,598
18.7%
Assets/Debt
Total Assets $3,445,222
Total Liabilities $1,374,699
Net Assets $2,070,523
Compensation
Key Employees and Officers Compensation Related Other
Billy Soluri (Executive Director) $62,965 $0 $1,800
Donald Rutherford (President) $0 $0 $0
J Paul Morgan (Vice President) $0 $0 $0
Nickolas Darling (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Carolyn Fitzpatrick (Member) $0 $0 $0
Kent Burto (Member) $0 $0 $0
Mark Bellinger (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$470,496
Expenses
$732,399
Net Income
-$261,903
Net Assets
$2,152,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $444,115
94.4%
Investment Income $40
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $26,341
5.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $157,067
21.4%
Assets/Debt
Total Assets $2,655,053
Total Liabilities $502,766
Net Assets $2,152,287
Compensation
Key Employees and Officers Compensation Related Other
Donald Wrutherford (President) $0 $0 $0
J Paul Morgan (Vice Preside) $0 $0 $0
Nickolas W Darling (Treasurer) $0 $0 $0
Michelle Capone (Secretary) $0 $0 $0
Carolyn D Fitzpatrick (Member) $0 $0 $0
Kent D Burto (Member) $0 $0 $0
Mark Bellinger (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$494,786
Expenses
$818,883
Net Income
-$324,097
Net Assets
$2,414,190
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $463,143
93.6%
Investment Income $1,923
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $29,720
6.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $28,645
3.5%
Assets/Debt
Total Assets $2,844,035
Total Liabilities $429,845
Net Assets $2,414,190

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$846,436
Expenses
$678,187
Net Income
$168,249
Net Assets
$2,738,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $250,000
29.5%
Program Services $490,824
58.0%
Investment Income $2,474
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $103,138
12.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,439,214
Total Liabilities $700,927
Net Assets $2,738,287

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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