Civic Intelligence

South Eastern Economic Development Company of Pennsylvania

990 • Fiscal year 2021 • EIN 22-2490679

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 08, 2022

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

61st percentile

0.22x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.48x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

58th percentile

14%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-12%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$3,531,785

Up $646,045 (+22%) from 2020

Net Assets

Up

$2,759,795

Up $227,512 (+9.0%) from 2020

Liabilities

Up

$771,990

Up $418,533 (+118%) from 2020

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin58th percentile

Revenue

Down

$1,614,452

Down $216,396 (-12%) from 2020

Expenses

Up

$1,386,940

Up $37,328 (+2.8%) from 2020

Net Income

Down

$227,512

Down $253,724 (-53%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2021

Assets$3,531,785
Liabilities$771,990
Net Assets$2,759,795
Open 2021 Filing

Operations Trend

Revenue Growth17th 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

2021

Revenue$1,614,452
Expenses$1,386,940
Net Income$227,512
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 8, 2022
Return Version
2020v4.2
Gross Receipts
$1,614,452
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
Other Notes and Loans Receivable, Net$1,784,527$1,906,330▲ $121,803
Cash and Non-Interest-Bearing Accounts$1,046,231$1,539,312▲ $493,081
Accounts Receivable$37,328$61,280▲ $23,952
Prepaid Expenses and Deferred Charges$7,699$8,521▲ $822
Land, Buildings, and Equipment, Net$1,984$2,450▲ $466
Total Assets$2,885,740$3,531,785▲ $646,045
Other Assets Total$7,971$13,892▲ $5,921
Liabilities
Other Liabilities$200,338$468,232▲ $267,894
Accounts Payable and Accrued Expenses$153,119$303,758▲ $150,639
Total Liabilities$353,457$771,990▲ $418,533
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,956,252$2,055,967▲ $99,715
Net Assets Without Donor Restrictions$576,031$703,828▲ $127,797
Total Net Assets Fund Balance$2,532,283$2,759,795▲ $227,512
Total Liabilities and Net Assets / Fund Balance$2,885,740$3,531,785▲ $646,045

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,450$44,403$46,853
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
Marian D MoskowitzChair
Craig S Styer EsqVice Chair
Betsy NiedziejkoBoard Member
Gary VarneyBoard Member
Geoff SheehanBoard Member
Greg NewellBoard Member
Greg OlsonBoard Member
Holly GraverBoard Member
Jon SwearerBoard Member
Joseph CalabroBoard Member
Mark CohenBoard Member
Michael StephanoBoard Member
Terry GrierBoard Member
Michael GrigalonisCOO/assistant Director
Gary SmithExecutive Director
Sherwood RobbinsManaging Director
John BuckheitCFO
Michael HankinSecretary
Bill StedmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,607,395
Investment Income
$7,057
Other Revenue
$0
Change in Net Assets
$227,512

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,614,452
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,614,452
Total Revenue per Form 990
$1,614,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,301,940
Grants and Similar Amounts Paid$85,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$985,921
Fees for Services Other---$175,035
Grants to Domestic Orgs---$85,000
Advertising---$43,482
Information Technology---$30,304
Fees for Services Accounting---$20,644
Insurance---$8,324
Interest---$6,777
Office Expenses---$4,789
Travel---$3,676
Occupancy---$2,700
Other Expenses---$1,782
Depreciation Depletion---$688
Fees for Services Legal---$357
Total Functional Expenses$0$0$0$1,386,940

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,386,940
Total Expenses per Audited Statements$1,386,940
Total Expenses per Form 990$1,386,940
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)(6)Economic Development in Chester County, Pa$50,000
Lehigh Valley Economic Development CouncilBethlehem, PA501(c)(3)Economic Development in Lehigh Valley, Pa$35,000
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
Noncurrent Portion of Lt Debt$316,522
Unearned Deposits$132,524
Unearned Revenues - Other$19,186
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 35% controlled entity
No
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 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 advisory group 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
2022-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Smith
Formed
1983
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Referral fees 35,970. Incentive fees 119,483. Consulting fees 320. Loan processing and service fees 19,262.”

Form 990, Part XII, Line 2

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

Raw XML AppendixShowing 400 of 525 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt085000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt085000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01614452
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt030304
IRS990/InsuranceGrp/TotalAmt08324
IRS990/InterestGrp/TotalAmt06777
IRS990/InvestmentIncomeGrp/ExclusionAmt07057
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07057
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt044403
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01984
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02450
IRS990/LandBldgEquipCostOrOtherBssAmt046853
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/NetAssetsOrFundBalancesBOYAmt02532283
IRS990/NetAssetsOrFundBalancesEOYAmt02759795
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0576031
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0703828
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02700
IRS990/OfficeExpensesGrp/TotalAmt04789
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07971
IRS990/OtherAssetsTotalGrp/EOYAmt013892
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1EDUCATION AND SEMINARS
IRS990/OtherExpensesGrp/Desc2BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/TotalAmt011985
IRS990/OtherExpensesGrp/TotalAmt15476
IRS990/OtherExpensesGrp/TotalAmt21782
IRS990/OtherLiabilitiesGrp/BOYAmt0200338
IRS990/OtherLiabilitiesGrp/EOYAmt0468232
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01784527
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01906330
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07699
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08521
IRS990/PrincipalOfficerNm0GARY SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/BusinessCd3561000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2SSBCI LOAN REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3SBA PROGRAM FEES/INTER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0838817
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1594001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2116117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt358460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0838817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1594001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2116117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt358460
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0125500
IRS990/PYInvestmentIncomeAmt08173
IRS990/PYOtherExpensesAmt01224112
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01822675
IRS990/PYRevenuesLessExpensesAmt0481236
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01349612
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01830848
IRS990/ReconcilationRevenueExpnssAmt0227512
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01607395
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044403
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046853
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01386940
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0132524
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2316522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUES - OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NONCURRENT PORTION OF LT DEBT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01614452
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02450
IRS990ScheduleD/TotalExpensesPerForm990Amt01386940
IRS990ScheduleD/TotalLiabilityAmt0468232
IRS990ScheduleD/TotalRevenuePerForm990Amt01614452
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01614452
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01386940
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/CashGrantAmt135000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT IN CHESTER COUNTY, PA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC DEVELOPMENT IN LEHIGH VALLEY, PA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHESTER COUNTY ECONOMIC DEVELOPMENT COUNCIL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LEHIGH VALLEY ECONOMIC DEVELOPMENT COUNCIL
IRS990ScheduleI/RecipientTable/RecipientEIN0231576225
IRS990ScheduleI/RecipientTable/RecipientEIN1232798276
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0737 CONSTITUTION DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12158 AVENUE C SUITE 100
IRS990ScheduleI/RecipientTable/USAddress/CityNm0EXTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BETHLEHEM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019341
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd118017
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ADVISORY GROUP PROPOSES THE GRANT AMOUNT IN CONJUNCTION WITH ANNUAL BUDGET PROCESS, THE BOARD OF DIRECTORS APPROVES THE GRANT AND THE CFO MONITORS THE USE OF FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AT ALL TIMES HAS AT LEAST 9 INDIVIDUAL MEMBERS AND DOES NOT EXCEED 25 INVIDUAL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER IS ENTITLED TO CAST ONE VOTE AT ANY ELECTION OF THE DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINAL 990 IS REVIEWED BY CFO TO ENSURE ACCURACY AND CONSISTENCY WITH AUDITED FINANCIAL STATEMENTS. SUBSEQUENTLY IT IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND IS REVIEWED WITH AND APPROVED BY THEM AT ONE OF THEIR MONTHLY MEETINGS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE ADVISORY GROUP AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ONLY UPON DIRECT REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REFERRAL FEES 35,970. INCENTIVE FEES 119,483. CONSULTING FEES 320. LOAN PROCESSING AND SERVICE FEES 19,262.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS OVERSEES THE AUDIT AND IS INVOLVED IN THE SELECTION OF THE INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CHESTER COUNTY ECONOMIC DEVELOPMENT COUNCIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0232978513
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1231576225
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,531,785
Liabilities
$771,990
Net assets
$2,759,795
Revenue
$1,614,452
Expenses
$1,386,940
Net income
$227,512
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
2021Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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