2025-11-14T07:13:13-06:00 2025-06-30 340677006 MALONEY NOVOTNY LLC 4774 MUNSON STREET NW SUITE 402 CANTON OH 447183634 990 2024-07-01 341476938 STARK ECONOMIC DEVELOPMENT BOARD INC STAR 3304535900 400 3RD STREET SE 310 CANTON OH 44702 STEPHEN MACKENZIE PRESIDENT & CEO 3304535900 2025-11-12 1 0 MATTHEW J BANJO P01260593 3309669400 2024 2025-03-06 01:10:19Z STEPHEN MACKENZIE 400 3RD STREET SE 310 CANTON OH 44702 1728680 0 X WWW.STARKCOOHIO.COM X 1985 OH TO STRENGTHEN STARK COUNTY BY DRIVING BUSINESS GROWTH AND LEADING ECONOMIC TRANSFORMATION. 51 51 10 51 0 0 3175474 1545184 69600 69600 92622 73409 12354 40487 3350050 1728680 60000 62100 0 0 1044423 1171928 0 0 58596 1156405 971208 2260828 2205236 1089222 -476556 4718596 4239277 679796 677033 4038800 3562244 WE STRENGTHEN STARK COUNTY BY DRIVING BUSINESS GROWTH AND LEADING ITS ECONOMIC TRANSFORMATION. 0 0 1891336 62100 69600 THE STARK ECONOMIC DEVELOPMENT BOARD, INC. IS AN ORGANIZATION WHOSE PURPOSE IS TO ATTRACT, EXPAND AND RETAIN BUSINESS INVESTMENTS IN STARK COUNTY, OHIO. SEDB IS A CONDUIT TO FUNDING SOURCES FOR BUSINESSES THROUGH THE STARK COUNTY PORT AUTHORITY AND AS THE LOCAL TEAM NEO/JOBS OHIO PARTNER. 1891336 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 51 51 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X MICHELLE WARD 3304535900 400 3RD STREET SE SUITE 310 CANTON OH 44702 WILLIAM SHIVERS TREASURER 2.00 X X 0 0 0 BRIAN BELDEN CHAIRMAN 2.00 X X 0 0 0 JOSEPH SCHAUER VICE CHAIRMAN 2.00 X X 0 0 0 JAMIE SLUTZ DIRECTOR 2.00 X 0 0 0 CHRIS GOFF DIRECTOR 2.00 X 0 0 0 CHRIS KABOTH DIRECTOR 2.00 X 0 0 0 CHRISTOPHER HUNT DIRECTOR 2.00 X 0 0 0 DAVE KIRVEN DIRECTOR 2.00 X 0 0 0 GREG KING DIRECTOR 2.00 X 0 0 0 JACKIE STEWART DIRECTOR 2.00 X 0 0 0 MATT SAVAGE DIRECTOR 2.00 X 0 0 0 JOE DALEIDEN DIRECTOR 2.00 X 0 0 0 JOE MATUSZEWSKI DIRECTOR 2.00 X 0 0 0 JOHN LANGELL DIRECTOR 2.00 X 0 0 0 JOHN RICHARD DIRECTOR 2.00 X 0 0 0 JORDAN GREENWALD DIRECTOR 2.00 X 0 0 0 DOUG SIBILA DIRECTOR 2.00 X 0 0 0 GERARD MASTROIANNI DIRECTOR 2.00 X 0 0 0 KATHY SHULTZ DIRECTOR 2.00 X 0 0 0 DOUG SCHWARZ DIRECTOR 2.00 X 0 0 0 BARBARA H BENNETT DIRECTOR 2.00 X 0 0 0 CHARLES HAMMONTREE DIRECTOR 2.00 X 0 0 0 MATT STERLING DIRECTOR 2.00 X 0 0 0 CHAD ISLER DIRECTOR 2.00 X 0 0 0 SHELLY BROWN DIRECTOR 2.00 X 0 0 0 MICK HECKMAN DIRECTOR 2.00 X 0 0 0 PARA JONES DIRECTOR 2.00 X 0 0 0 RENATO CAMACHO DIRECTOR 2.00 X 0 0 0 RICK L HULL DIRECTOR 2.00 X 0 0 0 ROBERT GESSNER DIRECTOR 2.00 X 0 0 0 ROBERT MULLEN DIRECTOR 2.00 X 0 0 0 MARK J SAMOLCZYK DIRECTOR 2.00 X 0 0 0 ANDREW GROVE DIRECTOR 2.00 X 0 0 0 SANDY UPPERMAN DIRECTOR 2.00 X 0 0 0 MATT GREGORY DIRECTOR 2.00 X 0 0 0 TIM COLLINS DIRECTOR 2.00 X 0 0 0 TIM TIMKEN JR DIRECTOR 2.00 X 0 0 0 TIMOTHY CRONE DIRECTOR 2.00 X 0 0 0 TIMOTHY SEIFERT DIRECTOR 2.00 X 0 0 0 TODD PUGH DIRECTOR 2.00 X 0 0 0 WILLIAM SHERER II DIRECTOR 2.00 X 0 0 0 ALAN HAROLD DIRECTOR 2.00 X 0 0 0 MARK SCHEFFLER DIRECTOR 2.00 X 0 0 0 TRACY DOWE DIRECTOR 2.00 X 0 0 0 RYAN STENGER DIRECTOR 2.00 X 0 0 0 ANTHONY J HEALY DIRECTOR 2.00 X 0 0 0 MATT LEUENBERGER DIRECTOR 2.00 X 0 0 0 ROD MOORE DIRECTOR 2.00 X 0 0 0 LUCAS MURRAY DIRECTOR 2.00 X 0 0 0 MARK VANDEGRIFT DIRECTOR 2.00 X 0 0 0 RICHARD REGULA DIRECTOR 2.00 X 0 0 0 RAY HEXAMER PRESIDENT & CEO 35.00 X 193512 0 45500 193512 0 45500 1 0 1 0 TODD J HAWKE 9318 PAULDING ST NW MASSILLON OH 44646 CONSULTING 120000 1 477600 1067584 1545184 PROJECT INCOME 561000 69600 69600 69600 73409 73409 25869 0 25869 25869 25869 MISCELLANEOUS INCOME 900099 14618 14618 14618 1728680 69600 0 113896 62100 62100 260058 221623 25432 13003 665805 574494 58021 33290 56492 45307 8360 2825 121130 97148 17926 6056 68443 59762 5259 3422 1524 1524 20365 17365 3000 86863 46125 40738 29806 16282 13524 25716 20254 5462 38668 32224 6444 34853 15675 19178 6413 5852 561 493 493 19458 19458 13729 10983 2746 PROJECT EXPENSES 650377 645160 5217 REPAIRS & MAINTENANCE 15986 13322 2664 UNCOLLECTIBLE PLEDGES 15750 15750 SUBSCRIPTIONS & DUES 5105 4270 835 6102 3390 2712 2205236 1891336 255304 58596 31400 138143 1950549 1794217 1803499 1391829 0 24425 20314 29398 6614456 6331014 298178 283442 17957 0 596699 577823 4718596 4239277 53705 26076 0 38750 14177 10120 611914 602087 679796 677033 X 1555658 1804820 2483142 1757424 4038800 3562244 4718596 4239277 -476556 0 X 0 1 X 1 0 X 2727057 772183 1057309 3175474 1545184 9277207 2727057 772183 1057309 3175474 1545184 9277207 975813 8301394 9391 14986 35428 99811 73409 233025 5159 6892 5165 14618 31834 9542066 328400 0.87000 0.90110 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 5,159. 2022 AMOUNT: $ 6,892. 2023 AMOUNT: $ 5,165. 2024 AMOUNT: $ 14,618. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225880 225880 973253 973253 0 30000 6000 24000 5385323 5351761 33562 283442 RIGHT OF USE ASSET 577823 577823 LEASE LIABILITIES 602087 602087 X 1728680 0 1728680 0 1728680 2205236 0 2205236 0 2205236 PART X, LINE 2: FEDERAL INCOME TAXES STARK ECONOMIC DEVELOPMENT BOARD, INC. QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX. SEDB BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. 1 TEAM NEO FOUNDATION 1111 SUPERIOR AVE SUITE 1600 CLEVELAND OH 44115 341885407 501(C)(3) 62100 0 ATTRACT AND EXPAND NORTHEAST OHIO 1 PART I, LINE 2: THE PRESIDENT AND CEO OF SEDB REVIEWS THE BUDGET OF THE GRANTEE TO ENSURE THAT THE FUNDS WILL BE USED FOR THE INTENDED PURPOSES. X 0 1 0 0 0 0 0 1 0 RAY HEXAMER PRESIDENT & CEO 160542 0 30000 0 2970 0 15000 0 30500 0 239012 0 0 0 PART I, LINE 4B SEDB SPONSORS A SECTION 457(B) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE PRESIDENT AND CEO OF SEDB. NO CONTRIBUTIONS WERE ADDED TO THE PLAN DURING FY 24-25. PART I, LINE 7: SEDB OFFERS A BONUS TO THE PRESIDENT & CEO OF SEDB. PAYMENT IS BASED ON 4 KEY DRIVERS OF THE MISSION AND WORK OF SEDB. SEDB EXECUTIVE BOARD DETERMINES WHAT PERCENT OF THE GOALS/OBJECTIVES WERE ACHIEVED BY THE PRESIDENT/CEO. FORM 990, PART 1, LINE 6 THE VOLUNTEERS ARE SOLELY COMPRISED OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 GERARD MASTROIANNI AND DOUG SCHWARZ - BUSINESS RELATIONSHIP RYAN STENGER AND W.J. TIMKEN, JR. - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION ARE ALL PERSONS APPOINTED OR ELECTED AS DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND CEO REVIEWS ALL QUESTIONS AND COMPLETES A VERIFICATION TO THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. SHOULD A CONFLICT ARISE, THE INDIVIDUAL IS ASKED TO ABSTAIN FROM VOTING ON ANY ISSUES RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 PER SEDB'S PERSONNEL MANUAL, SALARIES ARE REVIEWED AT THE END OF THE FISCAL YEAR AND ARE DETERMINED BY THE PRESIDENT AND CEO BASED ON BUDGET ALLOCATIONS AND THE SALARY FRAMEWORK APPROVED BY THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. THE SALARY FOR THE PRESIDENT AND CEO IS APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ALL FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.