Civic Intelligence

South Eastern Economic Development Company of Pennsylvania

990 • Fiscal year 2022 • EIN 22-2490679

Oct 01, 2021 to Sep 30, 2022 • Filed on Mar 14, 2023

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

67th percentile

0.28x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.70x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

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

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

2.3%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$4,125,560

Up $593,775 (+17%) from 2021

Net Assets

Up

$2,972,538

Up $212,743 (+7.7%) from 2021

Liabilities

Up

$1,153,022

Up $381,032 (+49%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin71st percentile

Revenue

Up

$1,651,017

Up $36,565 (+2.3%) from 2021

Expenses

Up

$1,438,274

Up $51,334 (+3.7%) from 2021

Net Income

Down

$212,743

Down $14,769 (-6.5%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2022

Assets$4,125,560
Liabilities$1,153,022
Net Assets$2,972,538
Open 2022 Filing

Operations Trend

Revenue Growth37th 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

2022

Revenue$1,651,017
Expenses$1,438,274
Net Income$212,743
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Mar 14, 2023
Return Version
2021v4.2
Gross Receipts
$1,651,017
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$1,906,330$2,514,402▲ $608,072
Cash and Non-Interest-Bearing Accounts$1,539,312$1,497,741▼ $41,571
Accounts Receivable$61,280$45,797▼ $15,483
Prepaid Expenses and Deferred Charges$8,521$5,636▼ $2,885
Land, Buildings, and Equipment, Net$2,450$2,885▲ $435
Total Assets$3,531,785$4,125,560▲ $593,775
Other Assets Total$13,892$59,099▲ $45,207
Liabilities
Other Liabilities$468,232$995,547▲ $527,315
Accounts Payable and Accrued Expenses$303,758$157,475▼ $146,283
Total Liabilities$771,990$1,153,022▲ $381,032
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,055,967$2,150,661▲ $94,694
Net Assets Without Donor Restrictions$703,828$821,877▲ $118,049
Total Net Assets Fund Balance$2,759,795$2,972,538▲ $212,743
Total Liabilities and Net Assets / Fund Balance$3,531,785$4,125,560▲ $593,775

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,885$45,277$48,162
Compensation and Service Providers
Top Officer Pay26th percentile

Board Members and Trustees

NameTitle
Craig S Styer EsqChair
Bill StedmanVice 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
R Lorraine BernostskySecretary
Michael HankinTreasurer
Jim HammondVP of Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,645,948
Investment Income
$5,069
Other Revenue
$0
Change in Net Assets
$212,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,651,017
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,651,017
Total Revenue per Form 990
$1,651,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,318,274
Grants and Similar Amounts Paid$120,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$1,006,456
Fees for Services Other---$135,255
Grants to Domestic Orgs---$120,000
Advertising---$53,274
Information Technology---$32,054
Fees for Services Accounting---$21,251
Interest---$13,930
Insurance---$8,959
Travel---$7,698
Office Expenses---$5,143
Other Expenses---$4,811
Fees for Services Legal---$2,550
Depreciation Depletion---$874
Total Functional Expenses$0$0$0$1,438,274

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,438,274
Total Expenses per Audited Statements$1,438,274
Total Expenses per Form 990$1,438,274
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$100,000
Lehigh Valley Economic Development CouncilBethlehem, PA501(c)(3)Economic Development in Lehigh Valley, Pa$20,000
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$695,313
Unearned Revenues - Other$161,359
Unearned Deposits$138,875
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 vp of finance 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
Jim Hammond
Title
VP of Finance
Phone
6104585700
Signed
2023-03-14
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 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 530 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/TitleTxt15COO/ASSISTANT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt0120000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0120000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01651017
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt032054
IRS990/InsuranceGrp/TotalAmt08959
IRS990/InterestGrp/TotalAmt013930
IRS990/InvestmentIncomeGrp/ExclusionAmt05069
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05069
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt045277
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02450
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02885
IRS990/LandBldgEquipCostOrOtherBssAmt048162
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/NetAssetsOrFundBalancesBOYAmt02759795
IRS990/NetAssetsOrFundBalancesEOYAmt02972538
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0703828
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0821877
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt05143
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013892
IRS990/OtherAssetsTotalGrp/EOYAmt059099
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1EDUCATION AND SEMINARS
IRS990/OtherExpensesGrp/Desc2BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/TotalAmt015323
IRS990/OtherExpensesGrp/TotalAmt110696
IRS990/OtherExpensesGrp/TotalAmt24811
IRS990/OtherLiabilitiesGrp/BOYAmt0468232
IRS990/OtherLiabilitiesGrp/EOYAmt0995547
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01906330
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02514402
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08521
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05636
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/RelatedOrExemptFuncIncomeAmt0905834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1553934
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2114625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt371555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0905834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1553934
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2114625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt371555
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt085000
IRS990/PYInvestmentIncomeAmt07057
IRS990/PYOtherExpensesAmt01301940
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01607395
IRS990/PYRevenuesLessExpensesAmt0227512
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01386940
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01614452
IRS990/ReconcilationRevenueExpnssAmt0212743
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01645948
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048162
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01438274
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0138875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1161359
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2695313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUES - OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NONCURRENT PORTION OF LT DEBT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01651017
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02885
IRS990ScheduleD/TotalExpensesPerForm990Amt01438274
IRS990ScheduleD/TotalLiabilityAmt0995547
IRS990ScheduleD/TotalRevenuePerForm990Amt01651017
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01651017
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01438274
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
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 VP OF FINANCE 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 VP OF FINANCE 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/ExplanationTxt5THE 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 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

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,125,560
Liabilities
$1,153,022
Net assets
$2,972,538
Revenue
$1,651,017
Expenses
$1,438,274
Net income
$212,743
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
2022Detailed filing. Detailed filing data is available for this year.$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
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