Stark Economic Development Board Inc
We strengthen Stark county by driving business growth and leading its economic transformation.
Stark Economic Development Board Inc at a glance
In short: Stark Economic Development Board Inc gave $62K across 1 grant in 2025 (avg $62K), mostly in Ohio. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $62,100
- +3.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $62,100
- +3.5% vs 2024
- Median grant
- $62,100
- Total assets
- $4,239,277
- -10.2% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Stark Economic Development Board Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Team Neo Foundation ($62K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was in the $50–100K range: 6 grants of 8 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Stark Economic Development Board Inc gives
- Giving fell 44% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $60K (2019) to $180K (2021). In 2025 it made 1 grant totaling $62K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Team Neo Foundation Cleveland, OH | Attract and Expand Northeast Ohio | $62,100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,239,277 | $1,728,680 | $2,205,236 | $62,100 | 1 | $73,409 |
| 2024 | $4,718,596 | $3,350,050 | $2,260,828 | $60,000 | 1 | $92,622 |
| 2023 | $3,682,250 | $1,169,229 | $1,752,044 | $60,000 | 1 | $29,178 |
| 2022 | $3,590,351 | $872,768 | $1,295,041 | $110,000 | 2 | $36,190 |
| 2021 | $4,016,090 | $2,811,607 | $1,318,996 | $180,000 | 3 | $3,931 |
| 2020 | $2,650,734 | $1,710,822 | $1,603,132 | $60,000 | 1 | $17,420 |
| 2019 | $2,535,944 | $1,258,272 | $978,347 | $60,000 | 1 | $13,046 |
About Stark Economic Development Board Inc
Based on IRS filings
Stark Economic Development Board Inc is a public charity focused on Community Improvement & Capacity Building, based in Canton, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.2M in total assets. In 2025, it awarded 1 grant totaling $62K. Net investment income was $73K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Stark Economic Development Board Inc is led by Ray Hexamer, President & CEO on every filing since 2019; 1 of 52 officers listed in 2025 is compensated.
Officers on the 2025 filing
Ray Hexamer
President & CEO
On filings since 2019
35 hrs/week
$138K (2019) → $194K (2025)
Brian Belden
Chairman
Secretary → Chairman, 2024
On filings since 2019
2 hrs/week
No compensation reported
Barbara H. Bennett
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Chad Isler
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Charles Hammontree
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Chris Kaboth
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Christopher Hunt
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Dave Kirven
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Doug Schwarz
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Gerard Mastroianni
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Jackie Stewart
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Jordan Greenwald
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Mark J. Samolczyk
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Mark Scheffler
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Matt Gregory
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Matt Sterling
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Para Jones
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Renato Camacho
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Richard Regula
Director
Trustee → Director, 2025
On filings since 2019
2 hrs/week
No compensation reported
Rick L. Hull
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Robert Gessner
Director
Chairman → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Ryan Stenger
Director
Trustree → Trustee, 2021
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Timothy Seifert
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Todd Pugh
Director
Trustee → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Chris Goff
Director
Trustee → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
John Langell
Director
Trustee → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Matt Savage
Director
Trustee → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Shelly Brown
Director
Trustee → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Tim Collins
Director
Trustee → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Timothy Crone
Director
Trustee → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Doug Sibila
Director
Trustee → Director, 2024
On filings since 2022
2 hrs/week
No compensation reported
Joe Matuszewski
Director
Trustee → Director, 2024
On filings since 2022
2 hrs/week
No compensation reported
Sandy Upperman
Director
Trustee → Director, 2024
On filings since 2022
2 hrs/week
No compensation reported
Tim Timken Jr.
Director
Trustee → Director, 2024
On filings since 2022
2 hrs/week
No compensation reported
Mick Heckman
Director
Trustee → Director, 2024
On filings since 2023
2 hrs/week
No compensation reported
Andrew Grove
Director
On filings since 2024
2 hrs/week
No compensation reported
Greg King
Director
On filings since 2024
2 hrs/week
No compensation reported
Jamie Slutz
Director
On filings since 2024
2 hrs/week
No compensation reported
Joe Daleiden
Director
On filings since 2024
2 hrs/week
No compensation reported
John Richard
Director
On filings since 2024
2 hrs/week
No compensation reported
Kathy Shultz
Director
On filings since 2024
2 hrs/week
No compensation reported
Robert Mullen
Director
On filings since 2024
2 hrs/week
No compensation reported
William Sherer II
Director
On filings since 2024
2 hrs/week
No compensation reported
Alan Harold
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Anthony J. Healy
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Lucas Murray
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Mark Vandegrift
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Matt Leuenberger
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Rod Moore
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Tracy Dowe
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Joseph Schauer
Vice Chairman
Trustee → Vice Chairman, 2024
On filings since 2019
2 hrs/week
No compensation reported
William Shivers
Treasurer
Trustee → Past Chairman, 2020
Past Chairman → Treasurer, 2022
On filings since 2019
2 hrs/week
No compensation reported
Former officers (61)
- Former: Bruce M. Soares (2019–2024) — Director
- Former: Scott T. Warburton (2019–2024) — Director
- Former: Thomas E. Cecconi (2019–2024) — Director
- Former: Timothy Maloney (2019–2024) — Director
- Former: Dick Maggiore (2020–2024) — Director
- Former: Bill Cook (2022–2024) — Director
- Former: Andy Ziegler (2023–2024) — Director
- Former: Brad Belden (2023–2024) — Director
- Former: Janet Weir Creighton (2023–2024) — Director
- Former: Alan Andreani (2019–2023) — Trustee
- Former: Christopher Remark (2019–2023) — Trustee
- Former: Karen Brenneman (2019–2023) — Trustee
- Former: Kathy Catazaro-Perry (2019–2023) — Trustee
- Former: Keith Dylewski (2019–2023) — Trustee
- Former: Mandwell Patterson (2019–2023) — Trustee
- Former: Thomas Bernabei (2019–2023) — Trustee
- Former: William Cook (2019–2023) — Trustee
- Former: Wj Timken Jr. (2019–2023) — Trustee
- Former: Allen Green (2021–2023) — Trustee
- Former: Brian Harakal (2021–2023) — Trustee
- Former: Justin McCarty (2021–2023) — Trustee
- Former: Mike Hoffman (2021–2023) — Trustee
- Former: Ralph Lee (2021–2023) — Trustee
- Former: Eric Dellapina (2022–2023) — Trustee
- Former: Jerry Durieux (2022–2023) — Trustee
- Former: John Fether (2022–2023) — Trustee
- Former: Chris Thomazin (2023) — Trustee
- Former: Joe Gerzina (2019–2022) — Trustee
- Former: Amanda Sterling (2021–2022) — Trustee
- Former: Bill Smith (2021–2022) — Trustee
- Former: Taylor Romar (2021–2022) — Trustee
- Former: Barb Bennett (2022) — Trustee
- Former: Chris Hunt (2022) — Trustee
- Former: Chris Remark (2022) — Trustee
- Former: Gerrad Mastroianni (2022) — Trustee
- Former: Joe Schauer (2022) — Trustee
- Former: M. Shelly Brown (2022) — Trustee
- Former: Ren Camacho (2022) — Trustee
- Former: Tim Crone (2022) — Trustee
- Former: Tim Maloney (2022) — Trustee
- Former: Tim Seifert (2022) — Trustee
- Former: Tom Bernabei (2022) — Trustee
- Former: Tom Cecconi (2022) — Trustee
- Former: Douglas J. Sibila (2019–2021) — Trustee
- Former: Nick Lopick (2019–2021) — Trustee
- Former: Scott Goodspeed (2019–2021) — Trustee
- Former: Timothy M. Burke (2019–2021) — Treasurer
- Former: Tom Botzman (2021) — Trustee
- Former: Dennis A. Nash (2019–2020) — Trustee
- Former: Geoff Karcher (2019–2020) — Trustee
- Former: Jay A. Gershen (2019–2020) — Emeritus
- Former: Richard Merriman (2019–2020) — Trustee
- Former: Theodore F. Walter (2019–2020) — Trustee
- Former: Garrett Kloots (2020) — Trustee
- Former: Joe Feltas (2020) — Trustee
- Former: Joe Halter (2020) — Emeritus
- Former: Jacquie Knight (2019) — Trustee
- Former: Joseph Halter (2019) — Emeritus Trustee
- Former: Paul Hiltz (2019) — Trustee
- Former: Richard B. McQueen (2019) — Trustee
- Former: Richard Maggiore (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $194K, to Ray Hexamer (President & CEO).
Frequently asked questions about Stark Economic Development Board Inc
How much does Stark Economic Development Board Inc give each year?
Stark Economic Development Board Inc gave $62K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $60K across 1 grant.
How large is Stark Economic Development Board Inc?
Stark Economic Development Board Inc reported $4.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.7M.
What is Stark Economic Development Board Inc?
Stark Economic Development Board Inc is a public charity focused on Community Improvement & Capacity Building, based in Canton, OH. It holds $4.2M in total assets as of 2025.
Where does Stark Economic Development Board Inc operate?
Stark Economic Development Board Inc has awarded grants in Ohio.
What is Stark Economic Development Board Inc's EIN?
Stark Economic Development Board Inc's EIN (Employer Identification Number) is 34-1476938. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS January 28, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 4, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 22, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2019–2025
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