Blades Economic Development Corporation

Nanticoke River Marine Park

Blades, DE
Tax-exempt since June 1999
EIN: 51-0362437

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Type of Nonprofit

Designated as a 501(c)(3) 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 / Economic Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$191k (2024)

Expenses

$179k (2024)

Total Assets

$1.05M (2024)

Total Liabilities

$2.8k (2024)

Source: Form 990 tax filings from 2011 to 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 June
2024

Revenue

$190,730

Expenses

$178,708

Net Income

$12,022

Net Assets

$1,042,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,840	3.6%
Program Services	$164,475	86.2%
Investment Income	$8	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,250	8.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$3,157	1.7%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$35,288	19.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,045,290
Total Liabilities	$2,803
Net Assets	$1,042,487

Compensation

Key Employees and Officers	Compensation	Related	Other
Ed Cranston (Dockmaster)	$19,200	$0	$0
Dave Smith (Assistant Dockmaster)	$10,530	$0	$0
Dale Libby (Groundskeeper)	$5,558	$0	$0

990

Filed on Nov. 5, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$171,104

Expenses

$169,564

Net Income

$1,540

Net Assets

$1,021,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,165	3.6%
Program Services	$148,630	86.9%
Investment Income	$6	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$12,849	7.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$3,454	2.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$43,275	25.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,026,549
Total Liabilities	$4,875
Net Assets	$1,021,674

Compensation

Key Employees and Officers	Compensation	Related	Other
Ed Cranston (Dockmaster)	$0	$0	$0
Ed Goodwin (Groundskeeper)	$0	$0	$0
Dave Smith (Asst Dockmaster)	$0	$0	$0
Dale Libby (Groundskeeper)	$0	$0	$0

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990

Filed on Aug. 28, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$162,496

Expenses

$295,220

Net Income

-$132,724

Net Assets

$1,023,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,375	3.9%
Program Services	$134,132	82.5%
Investment Income	$2	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,455	10.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$5,532	3.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$20,340	6.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,925	8.1%

Assets/Debt
Total Assets	$1,028,177
Total Liabilities	$4,364
Net Assets	$1,023,813

Compensation

Key Employees and Officers	Compensation	Related	Other
Ed Goodwin (Groundskeeper)	$0	$0	$0
Dave Smith (Asst Dockmaster)	$0	$0	$0

990

Filed on Nov. 2, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$169,337

Expenses

$434,548

Net Income

-$265,211

Net Assets

$1,168,956

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,965	3.5%
Program Services	$142,998	84.4%
Investment Income	$11	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$15,825	9.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$4,538	2.7%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$31,657	7.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,168,956
Total Liabilities	$0
Net Assets	$1,168,956

Compensation

Key Employees and Officers	Compensation	Related	Other
Ed Goodwin (Groundskeeper)	$8,113	$0	$0

990

Filed on Dec. 8, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$150,075

Expenses

$403,251

Net Income

-$253,176

Net Assets

$1,429,767

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,365	4.2%
Program Services	$125,924	83.9%
Investment Income	$4,009	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,185	6.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$4,592	3.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$32,244	8.0%

Assets/Debt
Total Assets	$1,434,167
Total Liabilities	$4,400
Net Assets	$1,429,767

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sturgis (President)	$0	$0	$0
Donald Martin (Vice President)	$0	$0	$0
Jay Armiger (Treasurer)	$0	$0	$0
Carlisle Windley (Secretary)	$0	$0	$0

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990

Filed on Nov. 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending June
2019

Revenue

$135,197

Expenses

$415,525

Net Income

-$280,328

Net Assets

$1,696,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$14,125	10.4%
Program Services	$103,786	76.8%
Investment Income	$396	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$11,435	8.5%
Net Fundraising	$0
Sales of Assets	$1,115	0.8%
Net Inventory Sales	$4,340	3.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,786	6.4%

Assets/Debt
Total Assets	$1,700,957
Total Liabilities	$4,339
Net Assets	$1,696,618

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Revenue

$148,648

Expenses

$419,514

Net Income

-$270,866

Net Assets

$1,981,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$775	0.5%
Program Services	$113,760	76.5%
Investment Income	$195	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$23,360	15.7%
Net Fundraising	$0
Sales of Assets	$5,756	3.9%
Net Inventory Sales	$4,802	3.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,729	4.9%

Assets/Debt
Total Assets	$1,986,561
Total Liabilities	$5,102
Net Assets	$1,981,459

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2017

Revenue

$144,400

Expenses

$412,535

Net Income

-$268,135

Net Assets

$2,252,092

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$675	0.5%
Program Services	$111,259	77.0%
Investment Income	$183	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$26,800	18.6%
Net Fundraising	$0
Sales of Assets	$500	0.3%
Net Inventory Sales	$4,983	3.5%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,680	5.7%

Assets/Debt
Total Assets	$2,255,150
Total Liabilities	$3,058
Net Assets	$2,252,092

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$114,960

Expenses

$404,336

Net Income

-$289,376

Net Assets

$2,221,308

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$700	0.6%
Program Services	$94,709	82.4%
Investment Income	$207	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$14,010	12.2%
Net Fundraising	$0
Sales of Assets	$1,000	0.9%
Net Inventory Sales	$4,334	3.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,164	6.2%

Assets/Debt
Total Assets	$2,225,038
Total Liabilities	$3,730
Net Assets	$2,221,308

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$107,926

Expenses

$395,372

Net Income

-$287,446

Net Assets

$2,510,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$875	0.8%
Program Services	$91,002	84.3%
Investment Income	$253	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$13,300	12.3%
Net Fundraising	$0
Sales of Assets	$150	0.1%
Net Inventory Sales	$2,346	2.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,485	6.2%

Assets/Debt
Total Assets	$2,513,836
Total Liabilities	$3,260
Net Assets	$2,510,576

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$98,751

Expenses

$409,033

Net Income

-$310,282

Net Assets

$2,763,183

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$760	0.8%
Program Services	$84,385	85.5%
Investment Income	$180	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$13,048	13.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$378	0.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,480	5.0%

Assets/Debt
Total Assets	$2,768,064
Total Liabilities	$4,881
Net Assets	$2,763,183

Compensation

Key Employees and Officers	Compensation	Related	Other
William T Biscoe (President)	$0	$0	$0
Merrill Mitchell (Vice Preside)	$0	$0	$0
Robert Hutton (Treasurer)	$0	$0	$0
C Bryan Bennett (Secretary)	$0	$0	$0

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990

Filed on Nov. 11, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending June
2013

Revenue

$128,217

Expenses

$408,930

Net Income

-$280,713

Net Assets

$3,073,465

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$800	0.6%
Program Services	$96,246	75.1%
Investment Income	$238	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$13,525	10.5%
Net Fundraising	$0
Sales of Assets	$15,359	12.0%
Net Inventory Sales	$2,049	1.6%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,200	4.7%

Assets/Debt
Total Assets	$3,076,021
Total Liabilities	$2,556
Net Assets	$3,073,465

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$125,014

Expenses

$397,721

Net Income

-$272,707

Net Assets

$3,354,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$775	0.6%
Program Services	$100,706	80.6%
Investment Income	$684	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$15,114	12.1%
Net Fundraising	$0
Sales of Assets	$8	0.0%
Net Inventory Sales	$7,727	6.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,200	4.8%

Assets/Debt
Total Assets	$3,355,720
Total Liabilities	$1,544
Net Assets	$3,354,176

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$144,630

Expenses

$389,143

Net Income

-$244,513

Net Assets

$3,626,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$850	0.6%
Program Services	$116,560	80.6%
Investment Income	$1,194	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,100	11.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$9,926	6.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,200	4.9%

Assets/Debt
Total Assets	$3,628,864
Total Liabilities	$1,981
Net Assets	$3,626,883

PDF

About This Data

What Is 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.

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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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Blades Economic Development Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $191k (2024)

Expenses $179k (2024)

Total Assets $1.05M (2024)

Total Liabilities $2.8k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2022

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2021

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2019

Extracted Financial Data

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990

Fiscal Year Ending June 2018

Extracted Financial Data

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No Document Links

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2014

Extracted Financial Data

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Compensation

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2011

Revenue

$191k (2024)

Expenses

$179k (2024)

Total Assets

$1.05M (2024)

Total Liabilities

$2.8k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending June
2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002