Delaware County Economic Development Corporation
To promote new business and assist existing businesses in Delaware county, pa to create employment opportunities
Delaware County Economic Development Corporation at a glance
- Total assets
- $2,476,583
- +2.6% vs 2023
- Revenue (2024)
- $1,261,433
- +1.6% vs 2023
- Net investment income (2024)
- $102,322
- +125.2% vs 2023
- Expenses (2024)
- $1,081,762
- +15.0% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Delaware County Economic Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was $5M or more: 1 grant of 1 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $9.4M (2021) to $11.7M (2020). In 2021 it made 1 grant totaling $9.4M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule | The organization was a passthrough agency of cares act money received from the local government to be granted to small businesses and not for profits in Delaware county during the government shut down. | $9,373,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,476,583 | $1,261,433 | $1,081,762 | — | — | $102,322 |
| 2023 | $2,413,297 | $1,242,055 | $940,532 | — | — | $45,446 |
| 2022 | $2,260,035 | $1,728,811 | $1,388,623 | — | — | $2,139 |
| 2021 | $2,255,958 | $10,697,300 | $10,499,671 | $9,373,500 | 1 | $335 |
| 2020 | $1,314,007 | $12,649,452 | $12,404,114 | $11,712,557 | Total only | $2,032 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Delaware County Economic Development Corporation
Based on IRS filings
Delaware County Economic Development Corporation is a public charity, based in Media, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. Net investment income was $102K.
Leadership & Key People
Officers and directors from IRS filings
Delaware County Economic Development Corporation is led by Elaine Paul Schaefer, Chairperson since 2023 (on filings since 2021); none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elaine Paul Schaefer
Chairperson
Board Member → Chairperson, 2023
On filings since 2021
2 hrs/week
No compensation reported
James Harper Jr.
Secretary
Board Member → Secretary, 2024
On filings since 2020
2 hrs/week
No compensation reported
Sean Harold McIntosh
Treasurer
Board Member → Treasurer, 2021
On filings since 2020
2 hrs/week
No compensation reported
Anthony Lusi
Assistant Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Jamal O. Johnson
Vice Chairman
On filings since 2021
2 hrs/week
No compensation reported
Peter Rykard
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Frances M. Sheehan
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Christine A. Reuther
Vice Chairman
New on the 2024 filing
2 hrs/week
No compensation reported
Mathhew D. McGlaughlin
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (5)
- Former: Bill Moran (2020–2022) — Board Member
- Former: Rachel Ezzell Berry (2020–2022) — Chairwoman
- Former: Colleen P. Morrone (2020) — Board Member
- Former: Paul Mullen (2020) — Chairman
- Former: Russell Carlson (2020) — Vice Chairman
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Delaware County Economic Development Corporation
How large is Delaware County Economic Development Corporation?
Delaware County Economic Development Corporation reported $2.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.3M.
What is Delaware County Economic Development Corporation's EIN?
Delaware County Economic Development Corporation's EIN (Employer Identification Number) is 23-2607596. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 26, 2022)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Delaware County Economic Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Delaware County Economic Development Corporation down — hundreds of funders to go?