OEDA Finances

 

OEDA’s financial operations are guided by a commitment to transparency, accountability, and sound fiscal management. Established as a 501(c)(6) nonprofit organization by IRS determination in 2006, OEDA adheres to all regulatory requirements, including the annual filing of Form 990, which is publicly available for review. Financial oversight is provided by the Finance Committee, chaired by the Treasurer, which ensures alignment with the organization’s mission and strategic goals. The committee oversees the preparation and monitoring of OEDA’s annual budget and reviews fiscal policies to ensure best practices in financial stewardship. This rigorous approach to financial management supports OEDA’s sustainability and its ability to advance economic development initiatives across Ohio.

FINANCE COMMITTEEFINANCIAL DOCUMENTS

Finance Committee

 

The Finance Committee oversees OEDA’s financial operations, ensuring transparency, accountability, and alignment with the organization’s strategic goals. Chaired by the Treasurer and supported by members of the Board of Directors, the committee is responsible for developing and reviewing fiscal policies, preparing and monitoring budgets, and ensuring sound financial practices. The Finance Committee plays a critical role in maintaining the financial health and sustainability of OEDA, enabling the organization to effectively support economic development efforts across Ohio.

Finance Committee
Maribeth Burns

Maribeth Burns

Treasurer & Committee Chair

President
Wayne Economic Development Council
Wooster, OH

Glenda Bumgarner, Ph.D

Glenda Bumgarner, Ph.D

Member

President & CEO
Appalachian Partnership, Inc. & Affiliates
Logan, OH

Nathan Cahall

Nathan Cahall

Member

Assistant City Manager, City of Middletown, OH
Executive Director, City of Middletown Port Authority
(2024-2025)

Renee Ligon

Renee Ligon

Member

Managing Director of Partnerships & Engagement
Team NEO
Cleveland, OH

Thomas Winston

Thomas Winston

Ex-Officio

President
Toledo/Lucas County Port Authority
Toledo, OH

David Zak

David Zak

Ex-Officio

Economic Development Director
City of Medina
Medina, OH

Financial Documents

 

OEDA provides transparency in its financial operations through key publicly available documents. The organization’s annual IRS Form 990, which details OEDA’s income, expenses, and overall financial health, is available for review as required for 501(c)(6) nonprofit organizations. Additionally, OEDA’s determination letter from the IRS confirming its 501(c)(6) status is available to verify its compliance and nonprofit designation. These documents demonstrate OEDA’s adherence to legal and financial regulations while ensuring accountability to its members and stakeholders. For further inquiries about OEDA’s financial structure or documentation, members are encouraged to reach out directly.

IRS Form 990

OEDA files an annual IRS Form 990 as required for 501(c)(6) nonprofit organizations. This publicly available document provides transparency by detailing OEDA’s income, expenses, and overall financial activities, ensuring accountability to members and stakeholders.

IRS Determination Letter

OEDA’s 501(c)(6) determination letter from the IRS, issued in 2006, confirms its status as a nonprofit organization dedicated to advancing economic development. This document verifies OEDA’s compliance with federal regulations and its eligibility for nonprofit designation.

Contact Us

 

Have  a question or comment? Not sure who to talk to? Fill out the form and we’ll see that it gets to the right place.

Or if you’d prefer, reach out to our staff directly.

David Zak, President & CEO
dzak@ohioeda.com
419.912.1150 (cell)

Mark Barbash, Director
Ohio Economic Development Institute
mbarbash@ohioeda.com
419.774.7599 (cell)

Sharon Erichsen, Membership Director
serichsen@bennett-management-llc.com
866.986.4041 x103 (office)

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