Wayne Economic Development Corp
WAYNE ECONOMIC DEVELOPMENT CORP is based in Honesdale, Pennsylvania, and its stated mission is to promote economic development in and throughout Wayne County. Its 2024 filing identifies it as a public charity. The organization administers the Wayne County Economic Growth Fund on behalf of the County Commissioners, providing grants intended to support business development, economic growth, and job creation in the county.
Key facts about Wayne Economic Development Corp
In short: Wayne Economic Development Corp gave $82K across 15 grants in 2024 (avg $5K), mostly in Pennsylvania. 100% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.
- EIN
- 24-6015814
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $82,092
- Grants made (2024)
- 15
- Average grant
- $5,473
- Median grant
- $5,000
- New grantees (estimate)
- 100% first-time grantees (15 of 15, 2024)
- Total assets
- $10,686,517
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
- How to apply
- The program information says to contact WEDCO as soon as possible about a project. Full details ↓
Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Quick answers about Wayne Economic Development Corp
How much does Wayne Economic Development Corp give each year?
Wayne Economic Development Corp gave $82K across 15 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $65K across 10 grants.
What is Wayne Economic Development Corp's typical grant size?
Wayne Economic Development Corp's median grant in 2024 was $5,000, and its average grant was $5,473, across 15 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from Wayne Economic Development Corp that year got $5K on average.
Where does Wayne Economic Development Corp give grants?
Wayne Economic Development Corp gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Honesdale, PA (9 grants), Lake Ariel, PA (2 grants) and Waymart, PA (2 grants).
Does Wayne Economic Development Corp give general operating support?
Not in 2024: none of the 15 grants with a stated purpose on Wayne Economic Development Corp's 2024 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Economic Growth Grant" (15 grants).
Who are Wayne Economic Development Corp's largest grantees?
Wayne Economic Development Corp's largest 2024 grantees include Stoney Field HLDGS LLC ($10,000), 652 Auto Repair ($7,092) and Flourish Esthetics & Hair ($5,000), according to its 2024 IRS Form 990 filing. Together they received 27% of its itemized 2024 grant dollars.
Is Wayne Economic Development Corp open to new grantees?
100%
first-time grantees, 2024
In 2024, 15 of 15 grantees (100%) were first-time recipients. First grants averaged $5K. How we count
Estimate from itemized grant lists in IRS Form 990 filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Wayne Economic Development Corp
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Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$10.7M
-11.5% YoY
Annual Giving
$82K
+26.3% YoY
Grant Count
15
+50.0% YoY
Avg Grant Size
$5K
-15.8% YoY
Mission & Focus Areas
The organization states its mission as the “promotion of economic development in and throughout Wayne County, PA.” Its Economic Growth Fund offers grants to registered, for-profit businesses located in Wayne County for eligible projects such as land or building acquisition, construction, renovation, machinery and equipment, or working capital. The program requires a private match and job creation.
Grantmaking
In filing year 2024, WEDCO reported 15 grants totaling $82,092. Grants ranged from $5,000 to $10,000, with a median of $5,000. The listed recipients are Pennsylvania businesses; the largest reported awards included:
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Geographic Focus
Where this funder awards grants
The Economic Growth Fund is for registered, for-profit businesses located in Wayne County, Pennsylvania. All grant dollars reported for 2024 went to recipients in Pennsylvania.
Grant Distribution by State
Share of all 15 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $10,686,517 | $3,088,861 | $1,358,573 | $82,092 (15) |
| 2023 | $12,074,723 | $560,360 | $1,146,995 | $65,000 (10) |
| 2022 | $10,131,253 | $768,643 | $1,373,593 | $215,446 (19) |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,686,517 | $12,074,723 | $10,131,253 |
| Revenue | $3,088,861 | $560,360 | $768,643 |
| Expenses | $1,358,573 | $1,146,995 | $1,373,593 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,443,404 | $26 | $160 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| STONEY FIELD HLDGS LLC Honesdale, PA | ECONOMIC GROWTH GRANT | $10,000 |
| 652 AUTO REPAIR Honesdale, PA | ECONOMIC GROWTH GRANT | $7,092 |
| FLOURISH ESTHETICS & HAIR Prompton, PA | ECONOMIC GROWTH GRANT | $5,000 |
| SUNLESS GLOW LLC Honesdale, PA | ECONOMIC GROWTH GRANT | $5,000 |
| ALL COUNTY TAX RESOLUTION Lake Ariel, PA | ECONOMIC GROWTH GRANT | $5,000 |
| 2 U AUTO DETAILING Honesdale, PA | ECONOMIC GROWTH GRANT | $5,000 |
| TICKED OFF LLC Lake Ariel, PA | ECONOMIC GROWTH GRANT | $5,000 |
| ROBINSON LAND SERVICE Waymart, PA | ECONOMIC GROWTH GRANT | $5,000 |
| MOUNT PLEASANT HERBARY Honesdale, PA | ECONOMIC GROWTH GRANT | $5,000 |
| JAG CULINARY LLC Honesdale, PA | ECONOMIC GROWTH GRANT | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Mary Beth Wood as executive director. It also lists Troy Bystrom, Mary Ellen Bentler, Bonnie Bond, James Donnelly, James Labar, and James Pettinato as directors; Peter Bochnovich as vice president; Tina Diehl as treasurer; and Anthony Herzog as secretary.
Wayne Economic Development Corp is led by Mary Beth Wood, Executive Director since 2021 (on filings since 2020); 2 of 26 officers listed in 2024 are compensated.
Officers on the 2024 filing
Mary Beth Wood
Executive Director
Executive Di → Executive Director, 2021
On filings since 2020
40 hrs/week
$82K (2020) → $110K (2024)
Wayne Stephens
President
Vice President → President, 2021
On filings since 2020
2 hrs/week
No compensation reported
Troy Bystrom
Director
On filings since 2020
1 hr/week
$50K (2020) → $236K (2024)
Alana Roberts
Director
On filings since 2020
1 hr/week
No compensation reported
Bonnie Bond
Director
On filings since 2020
1 hr/week
No compensation reported
Brian Smith
Director
On filings since 2020
1 hr/week
No compensation reported
Craig Rickard
Director
On filings since 2020
1 hr/week
No compensation reported
James Labar
Director
On filings since 2020
1 hr/week
No compensation reported
James Pettinato
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Wargo
Director
On filings since 2020
1 hr/week
No compensation reported
Kenneth Shino
Director
On filings since 2020
1 hr/week
No compensation reported
Lucyann Vierling
Director
On filings since 2020
1 hr/week
No compensation reported
Luke Turano
Director
On filings since 2020
1 hr/week
No compensation reported
Mary Ellen Bentler
Director
On filings since 2020
1 hr/week
No compensation reported
Michael Wood
Director
On filings since 2020
1 hr/week
No compensation reported
Brian Chapman
Director
On filings since 2022
1 hr/week
No compensation reported
Daniel Card
Director
On filings since 2022
1 hr/week
No compensation reported
Thomas Sheridan
Director
On filings since 2022
1 hr/week
No compensation reported
Timothy Jaggars
Director
On filings since 2022
1 hr/week
No compensation reported
Tom Sunick
Director
On filings since 2022
1 hr/week
No compensation reported
Michelle Firmstone
Director
On filings since 2023
1 hr/week
No compensation reported
James Donnelly
Director
New on the 2024 filing
1 hr/week
No compensation reported
Katheryne Hait
Director
New on the 2024 filing
1 hr/week
No compensation reported
Anthony Herzog
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Peter Bochnovich
Vice President
Treasurer → Vice President, 2021
On filings since 2020
2 hrs/week
No compensation reported
Tina Diehl
Treasurer
Director → Treasurer, 2021
On filings since 2020
2 hrs/week
No compensation reported
Former officers (7)
- Former: Lewis Critelli (2020–2023) — Director
- Former: David Good (2020–2022) — Director
- Former: Rudy Schemitz (2020–2022) — Director
- Former: Steve Clark (2020–2022) — Director
- Former: David Raven (2021–2022) — Director
- Former: Chaz Augello (2020–2021) — Director
- Former: Dave Raven (2020) — Director
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.
Compensation Overview
From 2024 IRS filing
Contact
Mailing address: 32 Commercial Street Ste Suite A, Honesdale, PA 18431
Phone: (570) 253-5334
Website: https://wayneeconomic.com
Frequently Asked Questions
What does Wayne Economic Development Corp fund?
The organization states its mission as the “promotion of economic development in and throughout Wayne County, PA.” Its Economic Growth Fund offers grants to registered, for-profit businesses located in Wayne County for eligible projects such as land or building acquisition, construction, renovation, machinery and equipment, or working capital. The program requires a private match and job creation.
How do I apply for a grant from Wayne Economic Development Corp?
The program information says to contact WEDCO as soon as possible about a project. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Wayne Economic Development Corp's EIN?
Wayne Economic Development Corp's EIN (Employer Identification Number) is 24-6015814. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.