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.
Wayne Economic Development Corp at a glance
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.
- Annual giving (2024)
- $82,092
- +26.3% vs 2023
- Grants made (2024)
- 15
- +50.0% vs 2023
- Average grant
- $5,473
- -15.8% vs 2023
- Median grant
- $5,000
- Total assets
- $10,686,517
- -11.5% vs 2023
- New grantees (estimate)
- 100% first-time grantees (15 of 15, 2024; small sample)
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Wayne Economic Development Corp
- How to Apply
-
The program information says to contact WEDCO as soon as possible about a project.
- Contact
Mailing address: 32 Commercial Street Ste Suite A, Honesdale, PA 18431
Phone: (570) 253-5334
Website: https://wayneeconomic.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Wayne Economic Development Corp funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Stoney Field HLDGS LLC ($10K). Together the top 10 received $57K.
Grant Size Distribution
70 grants across all recorded years
The most common grant size was under $50K: 66 grants of 70 (94%).
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 2024 grant dollars across all 15 itemized grants.
States
Cities
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. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $65K (2023) to $1.9M (2021). In 2024 it made 15 grants totaling $82K.
Grants by year
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 |
Ready to take the next step with Wayne Economic Development Corp?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $10,686,517 | $3,088,861 | $1,358,573 | $82,092 | 15 | $2,443,404 |
| 2023 | $12,074,723 | $560,360 | $1,146,995 | $65,000 | 10 | $26 |
| 2022 | $10,131,253 | $768,643 | $1,373,593 | $215,446 | 19 | $160 |
| 2021 | $10,381,755 | $2,539,330 | $2,931,153 | $1,870,906 | 26 | $134 |
| 2020 | $10,932,335 | $702,106 | $954,524 | — | — | $438 |
| 2019 | $10,531,330 | $760,276 | $1,071,551 | — | — | $175 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
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:
The Economic Growth Fund generally offers grants of up to $5,000 for eligible projects not related to loan application fees, or up to $10,000 for eligible loan fees. Projects with significant economic development impact may be eligible for more than $10,000, subject to County approval. Applicants must be registered, for-profit businesses located in Wayne County. The program excludes, among others, nonprofits, government-owned entities, businesses with outstanding local or county tax bills, and speculative businesses. Project costs cannot be incurred more than 30 days before contacting WEDCO or applying.
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 2019); 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 2019
40 hrs/week
$76K (2019) → $110K (2024)
Wayne Stephens
President
Vice President → President, 2021
On filings since 2019
2 hrs/week
No compensation reported
Troy Bystrom
Director
On filings since 2019
1 hr/week
$48K (2019) → $236K (2024)
Alana Roberts
Director
On filings since 2019
1 hr/week
No compensation reported
Brian Chapman
Director
On filings since 2019
1 hr/week
No compensation reported
Brian Smith
Director
On filings since 2019
1 hr/week
No compensation reported
Craig Rickard
Director
On filings since 2019
1 hr/week
No compensation reported
Daniel Card
Director
On filings since 2019
1 hr/week
No compensation reported
James Pettinato
Director
On filings since 2019
1 hr/week
No compensation reported
Kenneth Shino
Director
On filings since 2019
1 hr/week
No compensation reported
Lucyann Vierling
Director
On filings since 2019
1 hr/week
No compensation reported
Luke Turano
Director
On filings since 2019
1 hr/week
No compensation reported
Mary Ellen Bentler
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Wood
Director
On filings since 2019
1 hr/week
No compensation reported
Bonnie Bond
Director
On filings since 2020
1 hr/week
No compensation reported
James Labar
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Wargo
Director
On filings since 2020
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 2019
2 hrs/week
No compensation reported
Peter Bochnovich
Vice President
Treasurer → Vice President, 2021
On filings since 2019
2 hrs/week
No compensation reported
Tina Diehl
Treasurer
Director → Treasurer, 2021
On filings since 2019
2 hrs/week
No compensation reported
Former officers (9)
- Former: Lewis Critelli (2019–2023) — Director
- Former: David Good (2019–2022) — Director
- Former: Rudy Schemitz (2019–2022) — Director
- Former: Steve Clark (2019–2022) — Director
- Former: David Raven (2021–2022) — Director
- Former: Chaz Augello (2020–2021) — Director
- Former: Dave Raven (2019–2020) — Director
- Former: Anthony Manzione (2019) — Director
- Former: Eric Smith (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "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
The highest reported compensation on the 2024 filing was $236K, to Troy Bystrom (Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions 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. 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. 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 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 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. Together they received 27% of its itemized 2024 grant dollars.
How large is Wayne Economic Development Corp?
Wayne Economic Development Corp reported $10.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.1M.
What does Wayne Economic Development Corp fund?
The organization states its mission as the “promotion of economic development in and throughout Wayne County, PA.” See mission & focus areas ↑
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 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 12, 2020)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Pennsylvania
Pennsylvania Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Wayne Economic Development Corp's focus areas in our free grants database
Similar Funders
Similar funders in Pennsylvania
The Pittsburgh Foundation
Pittsburgh, PA
The Pittsburgh Foundation funds nonprofits working in basic needs, equity and social justice, environmental action, arts and culture, and economic mobility, with most opportunities for organizations in Allegheny County or primarily serving its residents. Its 2024 grants had a median amount of about $18,600, though awards varied widely. The profile does not state whether it accepts unsolicited requests.
Assets
$1.5B
Grants
1,132
Total Given
$64.0M
The William Penn Foundation
Philadelphia, PA
The William Penn Foundation funds arts and culture, children and families, civic participation, the environment and public spaces, and workforce training, primarily in the Philadelphia region. Its 2024 median grant was $50,000, though awards varied widely. It accepts unsolicited requests through limited open applications and invites letters of inquiry from public charities.
Assets
$3.4B
Grants
1,027
Total Given
$148.8M
Dick's Sporting Goods Foundation
Coraopolis, PA
DICK’S Sporting Goods Foundation primarily funds youth sports participation in under-resourced communities, including equipment, registration costs and facilities, and also supports outdoor access and education. Its 2025 grants ranged from $626 to $2.5 million, with a median of $5,000, and Sports Matter funding has reached all 50 states. Sports Matter opportunities are by invitation only; the foundation says 501(c)(3) grant requests should be submitted in writing.
Assets
$34.5M
Grants
964
Total Given
$18.0M
Hillman Family Foundations
Pittsburgh, PA
The 18 independently operated foundations support projects in areas such as arts and culture, health, education, economic development, and community improvement, with a preference for Pittsburgh and southwestern Pennsylvania; each foundation has its own geographic focus. In 2024, grants ranged from $75 to $5 million, with a median of $20,000. The 2024 filing says unsolicited requests are accepted, beginning with a brief letter of intent through the online portal.
Assets
$1.9B
Grants
814
Total Given
$88.8M
Pidc Financing Corporation
Philadelphia, PA
PIDC Financing Corporation administers Pennsylvania business loans for real estate, leasehold improvements, and equipment, as well as partner-funded grants for Philadelphia economic, cultural, civic, historical, storefront, and stormwater projects. Its 2024 filing reports no grants, so no typical giving level is stated; grant partners select recipients, and the profile does not state whether unsolicited requests are accepted.
Assets
$6.7M
Grants
774
Total Given
$16.4M
The Philadelphia Foundation
Philadelphia, PA
The Philadelphia Foundation supports economic mobility and other community needs through grants to nonprofits, including workforce development, direct services, and initiatives addressing urgent regional challenges. In 2024, its median grant was $25,500, and its primary service area is Greater Philadelphia; whether it accepts unsolicited requests is not stated.
Assets
$704.6M
Grants
715
Total Given
$39.1M
More similar funders
More Funders in Pennsylvania
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Wayne Economic Development Corp'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.
Wayne Economic Development Corp down — hundreds of funders to go?