Civic Intelligence

Fostoria Economic Development Corp

EIN 23-7313309 • 501(c)4 • Fostoria, OH

Profile

Attracting new business enterprises.

342 Perry StreetFostoria, OH 44830-2215

www.fostoriaedc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.45x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.35x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

38th percentile

-4.0%

Higher net margin than 38% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

66th percentile

6.2%

Faster asset growth than 66% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$292,886

Down $13,506 (-4.4%) from 2023

Liabilities

Up

$130,668

Up $822 (+0.6%) from 2023

Net Assets

Down

$162,218

Down $14,328 (-8.1%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin38th percentile

Revenue

Down

$370,328

Down $72,974 (-16%) from 2023

Expenses

Down

$385,056

Down $14,428 (-3.6%) from 2023

Net Income

Down

-$14,728

Down $58,546 (-134%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2012: $252,022Liabilities 2012: $1,344Net Assets 2012: $250,6782012Assets 2013: $234,950Liabilities 2013: $340Net Assets 2013: $234,6102013Assets 2014: $216,759Liabilities 2014: $1,927Net Assets 2014: $214,8322014Assets 2015: $236,286Liabilities 2015: $1,819Net Assets 2015: $234,4672015Assets 2016: $187,894Liabilities 2016: $6,377Net Assets 2016: $181,5172016Assets 2017: $188,727Liabilities 2017: $12,856Net Assets 2017: $175,8712017Assets 2018: $189,546Liabilities 2018: $11,081Net Assets 2018: $178,4652018Assets 2019: $208,550Liabilities 2019: $14,410Net Assets 2019: $194,1402019Assets 2020: $330,414Liabilities 2020: $137,119Net Assets 2020: $193,2952020Assets 2021: $335,981Liabilities 2021: $139,765Net Assets 2021: $196,2162021Assets 2022: $259,506Liabilities 2022: $128,615Net Assets 2022: $130,8912022Assets 2023: $306,392Liabilities 2023: $129,846Net Assets 2023: $176,5462023Assets 2024: $292,886Liabilities 2024: $130,668Net Assets 2024: $162,2182024

Highlighted filing

2024

Assets$292,886
Liabilities$130,668
Net Assets$162,218
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2012: $199,6112012Revenue 2013: $169,023Expenses 2013: $175,491Net Income 2013: -$6,4682013Revenue 2014: $154,253Expenses 2014: $173,923Net Income 2014: -$19,6702014Revenue 2015: $163,758Expenses 2015: $144,123Net Income 2015: $19,6352015Revenue 2016: $339,836Expenses 2016: $392,790Net Income 2016: -$52,9542016Revenue 2017: $183,218Expenses 2017: $188,863Net Income 2017: -$5,6452017Revenue 2018: $221,512Expenses 2018: $218,919Net Income 2018: $2,5932018Revenue 2019: $288,871Expenses 2019: $273,197Net Income 2019: $15,6742019Revenue 2020: $262,649Expenses 2020: $261,818Net Income 2020: $8312020Revenue 2021: $256,572Expenses 2021: $253,651Net Income 2021: $2,9212021Revenue 2022: $294,702Expenses 2022: $360,028Net Income 2022: -$65,3262022Revenue 2023: $443,302Expenses 2023: $399,484Net Income 2023: $43,8182023Revenue 2024: $370,328Expenses 2024: $385,056Net Income 2024: -$14,7282024

Highlighted filing

2024

Revenue$370,328
Expenses$385,056
Net Income-$14,728
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$292,886
Liabilities
$130,668
Net assets
$162,218
Revenue
$370,328
Expenses
$385,056
Net income
-$14,728
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.93$1.31$1.62$3.70$3.85$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.06$1.30$1.77$4.43$3.99$0.44
2022Detailed filing. Detailed filing data is available for this year.$2.60$1.29$1.31$2.95$3.60$0.65
2021Detailed filing. Detailed filing data is available for this year.$3.36$1.40$1.96$2.57$2.54$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.30$1.37$1.93$2.63$2.62$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.09$0.14$1.94$2.89$2.73$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.90$0.11$1.78$2.22$2.19$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.89$0.13$1.76$1.83$1.89$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.06$1.82$3.40$3.93$0.53
2015Detailed filing. Detailed filing data is available for this year.$2.36$0.02$2.34$1.64$1.44$0.20
2014Detailed filing. Detailed filing data is available for this year.$2.17$0.02$2.15$1.54$1.74$0.20
2013Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$1.69$1.75$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.01$2.51$2.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.0
Gross Receipts
$370,328
Mission and Program Overview

Mission

Attracting new business enterprises.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$136,193$216,143▲ $79,950
Cash and Non-Interest-Bearing Accounts$122,800$50,924▼ $71,876
Land, Buildings, and Equipment, Net$18,182$14,922▼ $3,260
Accounts Receivable$27,647$9,338▼ $18,309
Prepaid Expenses and Deferred Charges$1,570$1,559▼ $11
Total Assets$306,392$292,886▼ $13,506
Liabilities
Other Liabilities$122,700$122,700→ $0
Accounts Payable and Accrued Expenses$7,146$7,968▲ $822
Total Liabilities$129,846$130,668▲ $822
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$176,546$162,218▼ $14,328
Total Net Assets Fund Balance$176,546$162,218▼ $14,328
Total Liabilities and Net Assets / Fund Balance$306,392$292,886▼ $13,506

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,922$81,350$96,272
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Tom ReinekeChairman
John SchuldVice-chair
Bridgett MundyAt Large
Brook PiperAt Large
Leonard ClouseAt Large
Ronald L BurnsAt Large
Greg CassidyCity Rep
Ford MennelImm Past CHA
Don MennelMayor
Amy PrebleSecretary
Mark BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$243,737
Program Service Revenue
$120,194
Investment Income
$5,287
Other Revenue
$1,110
All Other Contributions
$65,000
Change in Net Assets
$-14,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$325,377
Other Expenses$59,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$132,387$16,350-$148,737
Current Officers, Directors, Trustees, and Key Employees$146,275--$146,275
Payroll Taxes$22,174$1,251-$23,425
Other Expenses$16,991--$16,991
Occupancy$6,000$6,000-$12,000
Advertising$9,220--$9,220
Other Employee Benefits$6,940--$6,940
Interest$5,775--$5,775
Office Expenses$3,961$561-$4,522
Conferences and Meetings$3,518$316-$3,834
Depreciation Depletion$3,260--$3,260
Insurance$1,450$1,451-$2,901
Travel$711--$711
Fees for Services Accounting-$465-$465
Total Functional Expenses$358,662$26,394$0$385,056
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl Loan$122,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is provided to the executive director and to one executive board member for review and approval prior to filing the return.”

Form 990, Page 6, Part VI, Line 12C

“All executive board members sign an "executive board confidentiality and conlict of interest agreement". Per the agreement the member is required to disclose all potential conflicts of interest. The policy provides details for the process of disclosing a conflict and the steps to be taken should a conflict of interest arise.”

Form 990, Page 6, Part VI, Line 19

“Governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fostoria Economic Development Corp
EIN
23-7313309
Address
342 PERRY STREET, FOSTORIA, OH 44830-2215
Doing Business As
Fedc

Signing Officer

Name
Gregory Allen
Title
Executive Director
Signed
2025-10-27

Organization Details

Principal Officer
Tom Reineke
Formed
1982
Voting Board Members
11
Independent Board Members
11
Employees
4

Preparer

Firm
FRUTH & COMPANY PLL CPA'S
Address
P O BOX 854, FOSTORIA, OH 44830-0854
Preparer
Chris P Chalfin CPA
Phone
4194358541
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc2SMALL BUSINESS SUMMIT
IRS990/ProgramServiceRevenueGrp/Desc3PATRON MEMBERSHIPS
IRS990/ProgramServiceRevenueGrp/Desc4ASSOCIATE MEMBERSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041820
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126917
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt39416
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt48054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126917
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39416
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt48054
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IRS990/PYContributionsGrantsAmt0330169
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01070
IRS990/PYOtherExpensesAmt048930
IRS990/PYOtherRevenueAmt01081
IRS990/PYProgramServiceRevenueAmt0110982
IRS990/PYRevenuesLessExpensesAmt043818
IRS990/PYSalariesCompEmpBnftPaidAmt0350554
IRS990/PYTotalExpensesAmt0399484
IRS990/PYTotalRevenueAmt0443302
IRS990/ReconcilationRevenueExpnssAmt0-14728
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0120194
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0136193
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0216143
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014922
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt081350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt096272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0122700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA EIDL LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014922
IRS990ScheduleD/TotalLiabilityAmt0122700
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR AND TO ONE EXECUTIVE BOARD MEMBER FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL EXECUTIVE BOARD MEMBERS SIGN AN "EXECUTIVE BOARD CONFIDENTIALITY AND CONLICT OF INTEREST AGREEMENT". PER THE AGREEMENT THE MEMBER IS REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. THE POLICY PROVIDES DETAILS FOR THE PROCESS OF DISCLOSING A CONFLICT AND THE STEPS TO BE TAKEN SHOULD A CONFLICT OF INTEREST ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0306392
IRS990/TotalAssetsEOYAmt0292886
IRS990/TotalAssetsGrp/BOYAmt0306392
IRS990/TotalAssetsGrp/EOYAmt0292886
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0243737
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026394
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0358662
IRS990/TotalFunctionalExpensesGrp/TotalAmt0385056
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0129846
IRS990/TotalLiabilitiesEOYAmt0130668
IRS990/TotalLiabilitiesGrp/BOYAmt0129846
IRS990/TotalLiabilitiesGrp/EOYAmt0130668
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0176546
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0162218
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt012812
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt012812
IRS990/TotalProgramServiceExpensesAmt0358662
IRS990/TotalProgramServiceRevenueAmt0120194
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0126591
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0370328
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0306392
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0292886
IRS990/TravelGrp/ProgramServicesAmt0711
IRS990/TravelGrp/TotalAmt0711
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0342 PERRY STREET
IRS990/USAddress/CityNm0FOSTORIA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044830
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.FOSTORIAEDC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY ALLEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOSTORIA ECONOMIC DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0FOST
ReturnHeader/Filer/EIN0237313309
ReturnHeader/Filer/USAddress/AddressLine1Txt0342 PERRY STREET
ReturnHeader/Filer/USAddress/CityNm0FOSTORIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0448302215
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341323165
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRUTH & COMPANY PLL CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 854
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOSTORIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0448300854
ReturnHeader/PreparerPersonGrp/PhoneNum04194358541
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS P CHALFIN CPA
ReturnHeader/ReturnTs02025-11-13T13:50:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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