Civic Intelligence

South Eastern Economic Development Company of Pennsylvania

990 • Fiscal year 2017 • EIN 22-2490679

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 09, 2018

Organization ProfileWWW.SEEDCOPA.COM
737 Constitution DriveExton, PA 19341

(610) 458-5700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.24x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.33x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

84th percentile

17%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

12th percentile

-9.0%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

18%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$2,253,654

Down $221,788 (-9.0%) from 2016

Net Assets

Up

$1,714,583

Up $282,245 (+20%) from 2016

Liabilities

Down

$539,071

Down $504,033 (-48%) from 2016

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin84th percentile

Revenue

Up

$1,646,309

Up $249,557 (+18%) from 2016

Expenses

Down

$1,364,064

Down $50,255 (-3.6%) from 2016

Net Income

Up

$282,245

Up $299,812 (+1707%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2011: $135,135,608Liabilities 2011: $134,984,570Net Assets 2011: $151,0382011Assets 2012: $149,586,039Liabilities 2012: $149,260,990Net Assets 2012: $325,0492012Assets 2013: $153,174,157Liabilities 2013: $152,256,692Net Assets 2013: $917,4652013Assets 2014: $160,362,470Liabilities 2014: $159,127,744Net Assets 2014: $1,234,7262014Assets 2015: $1,812,486Liabilities 2015: $362,581Net Assets 2015: $1,449,9052015Assets 2016: $2,475,442Liabilities 2016: $1,043,104Net Assets 2016: $1,432,3382016Assets 2017: $2,253,654Liabilities 2017: $539,071Net Assets 2017: $1,714,5832017Assets 2018: $2,280,033Liabilities 2018: $219,744Net Assets 2018: $2,060,2892018Assets 2019: $2,316,988Liabilities 2019: $265,941Net Assets 2019: $2,051,0472019Assets 2020: $2,885,740Liabilities 2020: $353,457Net Assets 2020: $2,532,2832020Assets 2021: $3,531,785Liabilities 2021: $771,990Net Assets 2021: $2,759,7952021Assets 2022: $4,125,560Liabilities 2022: $1,153,022Net Assets 2022: $2,972,5382022Assets 2023: $4,280,310Liabilities 2023: $1,325,155Net Assets 2023: $2,955,1552023

Highlighted filing

2017

Assets$2,253,654
Liabilities$539,071
Net Assets$1,714,583
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,703,128Expenses 2011: $1,659,423Net Income 2011: $43,7052011Expenses 2012: $1,818,4022012Expenses 2013: $1,489,4482013Revenue 2014: $1,747,317Expenses 2014: $1,430,056Net Income 2014: $317,2612014Revenue 2015: $1,981,772Expenses 2015: $1,766,593Net Income 2015: $215,1792015Revenue 2016: $1,396,752Expenses 2016: $1,414,319Net Income 2016: -$17,5672016Revenue 2017: $1,646,309Expenses 2017: $1,364,064Net Income 2017: $282,2452017Revenue 2018: $1,733,461Expenses 2018: $1,387,755Net Income 2018: $345,7062018Revenue 2019: $1,320,527Expenses 2019: $1,329,769Net Income 2019: -$9,2422019Revenue 2020: $1,830,848Expenses 2020: $1,349,612Net Income 2020: $481,2362020Revenue 2021: $1,614,452Expenses 2021: $1,386,940Net Income 2021: $227,5122021Revenue 2022: $1,651,017Expenses 2022: $1,438,274Net Income 2022: $212,7432022Revenue 2023: $1,638,016Expenses 2023: $1,655,399Net Income 2023: -$17,3832023

Highlighted filing

2017

Revenue$1,646,309
Expenses$1,364,064
Net Income$282,245
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 9, 2018
Return Version
2016v3.0
Gross Receipts
$1,646,309
Mission and Program Overview

Mission

Foster the industrial and commercial growth of southeastern pennsylvania by providing financing available through the u.s. Small business administration loan programs to new, expanded and rehabilitated industrial and commercial projects.

Foster the industrial and commercial growth of southeastern pa

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,851,434$1,393,166▼ $458,268
Other Notes and Loans Receivable, Net$530,208$751,835▲ $221,627
Accounts Receivable$67,886$78,478▲ $10,592
Prepaid Expenses and Deferred Charges$12,004$11,541▼ $463
Land, Buildings, and Equipment, Net$2,482$0▼ $2,482
Total Assets$2,475,442$2,253,654▼ $221,788
Other Assets Total$11,428$18,634▲ $7,206
Liabilities
Other Liabilities$751,794$481,293▼ $270,501
Escrow Account Liability$202,306$0▼ $202,306
Accounts Payable and Accrued Expenses$89,004$57,778▼ $31,226
Total Liabilities$1,043,104$539,071▼ $504,033
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,011,235$1,349,436▲ $338,201
Unrestricted Net Assets$421,103$365,147▼ $55,956
Total Net Assets Fund Balance$1,432,338$1,714,583▲ $282,245
Total Liabilities and Net Assets / Fund Balance$2,475,442$2,253,654▼ $221,788

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$43,028$43,028
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
F William BogleChairman
Edward J BreinerFirst Vice Chairman
Andrew StumpBoard Member
Bill StedmanBoard Member
Charles KochkaBoard Member
Deborah Spranger EsqBoard Member
Greg NewellBoard Member
James G ReadingBoard Member
Julie SommeseBoard Member
Kenneth GodduBoard Member
Kristen LadowBoard Member
Mark RupsisBoard Member
Michael CappellettiBoard Member
Michael J HankinBoard Member
Ralph CicaleseBoard Member
Ray H OttBoard Member
Richard GraverBoard Member
Richard StiebritzBoard Member
Roger N Huggins EsqBoard Member
Stacey ValentBoard Member
Michael GrigalonisCOO/assistant Director
Gary SmithExecutive Director
Sherwood RobbinsManaging Director
John BuckheitCFO
Craig a Styer EsqSecretary
Marian D MoskowitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,636,096
Investment Income
$10,213
Other Revenue
$0
Change in Net Assets
$282,245

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,646,309
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,646,309
Total Revenue per Form 990
$1,646,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,289,064
Grants and Similar Amounts Paid$75,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$83,078
Grants to Domestic Orgs---$75,000
Other Expenses---$26,449
Travel---$15,632
Fees for Services Accounting---$14,830
Fees for Services Legal---$11,713
Office Expenses---$9,109
Occupancy---$2,700
Depreciation Depletion---$2,483
Total Functional Expenses$0$0$0$1,364,064

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,364,064
Total Expenses per Audited Statements$1,364,064
Total Expenses per Form 990$1,364,064
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chester County Economic Development CouncilExton, PA501(c)6Economic Development in Chester County, Pa$75,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Revenues - Pa Ssbci Funds$404,082
Unearned Deposits$47,500
Unearned Revenues - Other$29,711
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization at all times has at least 9 individual members and does not exceed 25 invidual members.”

Form 990, Part VI, Section A, Line 7A

“Each member is entitled to cast one vote at any election of the directors of the organization.”

Form 990, Part VI, Section B, Line 11B

“Final 990 is reviewed by cfo to ensure accuracy and consistency with audited financial statements. Subsequently it is distributed to the executive committee of the board of directors and is reviewed with and approved by them at one of their monthly meetings prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy is reviewed annually by the executive committee and approved by the board.”

Form 990, Part VI, Section C, Line 19

“These documents are made available to the public only upon direct request to the organization”

Filing and Contact Details

Filer

Filer Name
South Eastern Economic Development
EIN
22-2490679
Phone
6104585700
Address
737 CONSTITUTION DRIVE, EXTON, PA 19341

Signing Officer

Name
John Buckheit
Title
CFO
Phone
6104585700
Signed
2018-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Smith
Formed
1983
Legal Domicile
Pa
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
0

Preparer

Firm
Maillie Llp
Address
624 WILLOWBROOK LANE, WEST CHESTER, PA 19382
Preparer
Craig S Springer CPA
Phone
6106964353
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2

“The board of directors oversees the audit and is involved in the selection of the independent auditors.”

Financial Statement Notes

PART IV, LINE 2B:

“Funds held in escrow include insurance proceeds as stipulated by escrow and loan agreements. Funds will be released at the discretion of the sba.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2FIRST VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22COO/ASSISTANT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25MANAGING DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantAmt075000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt075000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01646309
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt010213
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010213
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt043028
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02482
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt043028
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FOSTER THE INDUSTRIAL AND COMMERCIAL GROWTH OF SOUTHEASTERN PENNSYLVANIA BY PROVIDING FINANCING AVAILABLE THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION LOAN PROGRAMS TO NEW, EXPANDED AND REHABILITATED INDUSTRIAL AND COMMERCIAL PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01432338
IRS990/NetAssetsOrFundBalancesEOYAmt01714583
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02700
IRS990/OfficeExpensesGrp/TotalAmt09109
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011428
IRS990/OtherAssetsTotalGrp/EOYAmt018634
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2COMPUTER SERVICES
IRS990/OtherExpensesGrp/Desc3REFERRAL FEES
IRS990/OtherExpensesGrp/TotalAmt01035152
IRS990/OtherExpensesGrp/TotalAmt156718
IRS990/OtherExpensesGrp/TotalAmt231200
IRS990/OtherExpensesGrp/TotalAmt326449
IRS990/OtherLiabilitiesGrp/BOYAmt0751794
IRS990/OtherLiabilitiesGrp/EOYAmt0481293
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0530208
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0751835
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012004
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011541
IRS990/PrincipalOfficerNm0GARY SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/BusinessCd3561000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1SSBCI LOAN REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc3SBA PROGRAM FEES/INT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0956890
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1344241
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2283119
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt351846
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0956890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1344241
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2283119
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt351846
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0100000
IRS990/PYInvestmentIncomeAmt09917
IRS990/PYOtherExpensesAmt01314319
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01386835
IRS990/PYRevenuesLessExpensesAmt0-17567
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01414319
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01396752
IRS990/ReconcilationRevenueExpnssAmt0282245
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01636096
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043028
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043028
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01364064
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1404082
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt229711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUES - PA SSBCI FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNEARNED REVENUES - OTHER
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01646309
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS HELD IN ESCROW INCLUDE INSURANCE PROCEEDS AS STIPULATED BY ESCROW AND LOAN AGREEMENTS. FUNDS WILL BE RELEASED AT THE DISCRETION OF THE SBA.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01364064
IRS990ScheduleD/TotalLiabilityAmt0481293
IRS990ScheduleD/TotalRevenuePerForm990Amt01646309
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01646309
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01364064
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt075000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)6
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT IN CHESTER COUNTY, PA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHESTER COUNTY ECONOMIC DEVELOPMENT COUNCIL
IRS990ScheduleI/RecipientTable/RecipientEIN0231576225

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,253,654
Liabilities
$539,071
Net assets
$1,714,583
Revenue
$1,646,309
Expenses
$1,364,064
Net income
$282,245
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.28$1.33$2.96$1.64$1.66$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$1.15$2.97$1.65$1.44$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.77$2.76$1.61$1.39$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.35$2.53$1.83$1.35$0.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.27$2.05$1.32$1.33$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.22$2.06$1.73$1.39$0.35
2017Detailed filing. Detailed filing data is available for this year.$2.25$0.54$1.71$1.65$1.36$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.48$1.04$1.43$1.40$1.41$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.36$1.45$1.98$1.77$0.22
2014Summary only. Only limited summary data is available for this year.$160$159$1.23$1.75$1.43$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$152$0.92$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$149$0.33$1.82
2011Summary only. Only limited summary data is available for this year.$135$135$0.15$1.70$1.66$0.04