Overview

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Est.

1985

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

990 file icon
2025
990 file icon
2024
990 file icon
2023
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AI Summary

STARK ECONOMIC DEVELOPMENT BOARD INC is a rural development nonprofit focused on strengthening Stark County by driving business growth and leading economic transformation. In filing year 2025, it reported an operating budget of $2.1M and total revenue of $1.7M, with major support from TIMKEN FOUNDATION OF CANTON, STARK COMMUNITY FOUNDATION, and AULTMAN HEALTH FOUNDATION.

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Mission Statement

TO STRENGTHEN STARK COUNTY BY DRIVING BUSINESS GROWTH AND LEADING ECONOMIC TRANSFORMATION.

Cause Areas

1
Rural development
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Financials

2025
Revenues
$1.7M
Expenses
$2.2M
Net Income:
-$476.6K
Assets
$4.2M
Liabilities
$677K
Net Assets:
+$3.6M

Financial Trends

2025
Operating Budget
$2.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
TIMKEN FOUNDATION OF CANTON
Canton, OH, US
$2M
2%
STARK COMMUNITY FOUNDATION
Canton, OH, US
$1.8M
2%
Logo for "AULTMAN HEALTH FOUNDATION"
AULTMAN HEALTH FOUNDATION
Canton, OH, US
$600K
9%

Grants Received

2024
Total No. of Grants
9
Median grant size
$41K
Largest grant received
$342K

Board & Team

R
Ray Hexamer
Board Member
W
William Shivers
Board Member
J
Jamie Slutz
Board Member
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  • 12 historic 990s & financials
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Frequently Asked Questions

What is STARK ECONOMIC DEVELOPMENT BOARD INC’s budget?
In 2025, STARK ECONOMIC DEVELOPMENT BOARD INC reported an annual operating budget of around $2.1 million. More detailed financial information is available to registered users.
What causes does STARK ECONOMIC DEVELOPMENT BOARD INC support?
STARK ECONOMIC DEVELOPMENT BOARD INC supports work in Rural development.
Where does STARK ECONOMIC DEVELOPMENT BOARD INC operate?
STARK ECONOMIC DEVELOPMENT BOARD INC is headquartered in Canton, OH.
Who funded STARK ECONOMIC DEVELOPMENT BOARD INC recently?
In 2025, STARK ECONOMIC DEVELOPMENT BOARD INC received grants from TIMKEN FOUNDATION OF CANTON, AMERICAN ONLINE GIVING FOUNDATION INC, and STARK COMMUNITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant STARK ECONOMIC DEVELOPMENT BOARD INC received in 2024?
The largest grant to STARK ECONOMIC DEVELOPMENT BOARD INC in 2024 exceeds $342 thousand.
What is STARK ECONOMIC DEVELOPMENT BOARD INC’s reliance on government grants?
STARK ECONOMIC DEVELOPMENT BOARD INC relied on government grants for more than 25% of their total revenue in 2025.