Wayne Economic Development Corp
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Organization summary
Type of Nonprofit
Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.
Donations to this organization are not tax deductible.
Summary charts: organization finances over time
Revenue $3.09M (2024)
Expenses $1.36M (2024)
Total Assets $10.7M (2024)
Total Liabilities $6.76M (2024)
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 Dec.
2024
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$3,088,861
Expenses
$1,358,573
Net Income
$1,730,288
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $423,534 |
13.7%
|
| Program Services | $78,245 |
2.5%
|
| Investment Income | $5,277 |
0.2%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $23,824 |
0.8%
|
| Sales of Assets | $2,438,127 |
78.9%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $119,854 |
3.9%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $349,933 |
25.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $98,914 |
7.3%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,686,517 | |
| Total Liabilities | $6,761,539 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Troy Bystrom (Director) | $236,269 | $0 | $0 |
| Mary Beth Wood (Executive Director) | $110,038 | $0 | $3,626 |
| Mary Ellen Bentler (Director) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 13, 2025Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2023
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$560,360
Expenses
$1,146,995
Net Income
-$586,635
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $468,636 |
83.6%
|
| Program Services | $65,028 |
11.6%
|
| Investment Income | $26 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $21,229 |
3.8%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $5,441 |
1.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $194,860 |
17.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $84,932 |
7.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $12,074,723 | |
| Total Liabilities | $9,880,033 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Troy Bystrom (Director) | $93,661 | $0 | $0 |
| Mary Beth Wood (Executive Director) | $91,828 | $0 | $9,371 |
| Mary Ellen Bentler (Director) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 8, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$768,643
Expenses
$1,373,593
Net Income
-$604,950
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $653,820 |
85.1%
|
| Program Services | $94,773 |
12.3%
|
| Investment Income | $160 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $12,967 |
1.7%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $6,923 |
0.9%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $148,120 |
10.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $103,301 |
7.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,131,253 | |
| Total Liabilities | $7,349,928 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mary Beth Wood (Executive Director) | $85,738 | $0 | $14,382 |
| Troy Bystrom (Director) | $48,000 | $0 | $0 |
| Mary Ellen Bentler (Director) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 14, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$2,539,330
Expenses
$2,931,153
Net Income
-$391,823
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $2,409,113 |
94.9%
|
| Program Services | $99,862 |
3.9%
|
| Investment Income | $134 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $19,566 |
0.8%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $10,655 |
0.4%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $148,371 |
5.1%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $99,352 |
3.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,381,755 | |
| Total Liabilities | $6,995,480 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mary Beth Wood (Executive Director) | $82,440 | $0 | $15,531 |
| Troy Bystrom (Director) | $50,400 | $0 | $0 |
| Chaz Augello (Director) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 14, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$702,106
Expenses
$954,524
Net Income
-$252,418
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $647,880 |
92.3%
|
| Program Services | $20,841 |
3.0%
|
| Investment Income | $438 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $9,505 |
1.4%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $23,442 |
3.3%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $145,223 |
15.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $69,460 |
7.3%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,932,335 | |
| Total Liabilities | $7,154,242 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mary Beth Wood (Executive Di) | $82,271 | $0 | $12,552 |
| Troy Bystrom (Director) | $50,400 | $0 | $0 |
| Chaz Augello (Director) | $0 | $0 | $0 |
Document Links
990
Filed on Aug. 27, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$760,276
Expenses
$1,071,551
Net Income
-$311,275
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $691,468 |
90.9%
|
| Program Services | $28,928 |
3.8%
|
| Investment Income | $175 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $16,011 |
2.1%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $23,694 |
3.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $137,839 |
12.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $86,981 |
8.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,531,330 | |
| Total Liabilities | $6,500,819 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mary Beth Wood (Executive Di) | $76,177 | $0 | $13,662 |
| Troy Bystrom (Director) | $48,000 | $0 | $0 |
| Mary Ellen Bentler (Director) | $0 | $0 | $0 |
Document Links
990
Filed on July 13, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$612,560
Expenses
$999,860
Net Income
-$387,300
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $552,007 |
90.1%
|
| Program Services | $8,448 |
1.4%
|
| Investment Income | $190 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $17,363 |
2.8%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $34,552 |
5.6%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $135,311 |
13.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $74,363 |
7.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,697,209 | |
| Total Liabilities | $6,355,423 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mary Beth Wood (Executive Di) | $74,000 | $0 | $13,311 |
| Troy Bystrom (Director) | $48,000 | $0 | $0 |
| James Labar (Director) | $0 | $0 | $0 |
Document Links
990
Filed on June 17, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$956,140
Expenses
$754,934
Net Income
$201,206
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $335,233 |
35.1%
|
| Program Services | $238,055 |
24.9%
|
| Investment Income | $178 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $5,618 |
0.6%
|
| Sales of Assets | $167,855 |
17.6%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $209,201 |
21.9%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $151,954 |
20.1%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $54,253 |
7.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $11,566,562 | |
| Total Liabilities | $6,248,155 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mary Beth Wood (Executive Di) | $73,618 | $0 | $12,788 |
| Troy Bystrom (Director) | $65,548 | $0 | $0 |
| James Labar (Director) | $0 | $0 | $0 |
Document Links
990
Filed on June 14, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$257,490
Expenses
$758,963
Net Income
-$501,473
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $250,277 |
97.2%
|
| Program Services | $374,918 |
> 100%
|
| Investment Income | $115 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $1,522 |
0.6%
|
| Sales of Assets | -$373,574 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $4,232 |
1.6%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $66,266 |
8.7%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $36,044 |
4.7%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $11,341,572 | |
| Total Liabilities | $6,288,739 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Troy Bystrom (Director) | $98,140 | $0 | $0 |
| James Labar (Director) | $0 | $0 | $0 |
| David Hoff (Director) | $0 | $0 | $0 |
Document Links
990
Filed on May 12, 2017Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2015
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$1,684,711
Expenses
$637,402
Net Income
$1,047,309
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,171,910 |
69.6%
|
| Program Services | $507,167 |
30.1%
|
| Investment Income | $64 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $2,705 |
0.2%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $2,865 |
0.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $58,970 |
9.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $34,860 |
5.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $12,523,160 | |
| Total Liabilities | $6,968,854 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Troy Bystrom (Director) | $48,000 | $0 | $0 |
| James Labar (Director) | $0 | $0 | $0 |
| David Hoff (Director) | $0 | $0 | $0 |
Document Links
990
Filed on May 12, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2014
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$1,031,264
Expenses
$381,596
Net Income
$649,668
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $528,816 |
51.3%
|
| Program Services | $496,850 |
48.2%
|
| Investment Income | $50 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $3,793 |
0.4%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $1,755 |
0.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $59,109 |
15.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $34,759 |
9.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $11,617,798 | |
| Total Liabilities | $7,110,801 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Troy Bystrom (Director) | $48,000 | $0 | $0 |
| James Labar (Director) | $0 | $0 | $0 |
| David Hoff (Director) | $0 | $0 | $0 |
Document Links
990
Filed on May 13, 2015Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2013
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$906,824
Expenses
$340,211
Net Income
$566,613
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $609,741 |
67.2%
|
| Program Services | $285,387 |
31.5%
|
| Investment Income | $56 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $8,957 |
1.0%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $2,683 |
0.3%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $55,135 |
16.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $31,954 |
9.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $11,301,801 | |
| Total Liabilities | $7,444,472 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| James Labar (Director) | $0 | $0 | $0 |
| David Hoff (Director) | $0 | $0 | $0 |
| Jerome Theobald (Secretary) | $0 | $0 | $0 |
Document Links
990
Filed on May 13, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2012
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$860,689
Expenses
$202,279
Net Income
$658,410
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $788,980 |
91.7%
|
| Program Services | $0 | |
| Investment Income | $62 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $3,118 |
0.4%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $68,529 |
8.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $53,191 |
26.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $31,050 |
15.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $9,604,199 | |
| Total Liabilities | $6,307,826 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2011
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$486,128
Expenses
$187,091
Net Income
$299,037
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $478,980 |
98.5%
|
| Program Services | $0 | |
| Investment Income | $157 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $6,991 |
1.4%
|
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $51,249 |
27.4%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $30,000 |
16.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $8,772,569 | |
| Total Liabilities | $6,134,606 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
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
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
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
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
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
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
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
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
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
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
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
990
Primary tax return for a nonprofit’s activities, finances, and governance
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