Civic Intelligence

Schuylkill Economic Development Corporation

990 • Fiscal year 2013 • EIN 23-1412034

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 15, 2014

Union Station - One Progress Circle17901

(570) 622-1943

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.08x

Higher debt load relative to assets than 33% of similar nonprofits.

2013 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

71st percentile

1.85x

Higher debt load relative to revenue than 71% of similar nonprofits.

2013 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2013

Net Margin

18th percentile

-7.1%

Higher net margin than 18% of similar nonprofits.

2013 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

65th percentile

$179,962

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 23.4% of source-year revenue.

2013 filings • $10M-$25M nonprofits • Source year 2013

Asset Growth

28th percentile

-1.8%

Faster asset growth than 28% of similar nonprofits.

2013 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$17,682,658

Down $330,130 (-1.8%) from 2012

Net Assets

Down

$16,260,960

Down $54,599 (-0.3%) from 2012

Liabilities

Down

$1,421,698

Down $275,531 (-16%) from 2012

Revenue

$767,955

No earlier filing loaded for comparison.

Expenses

Up

$822,554

Up $201,833 (+33%) from 2012

Net Income

-$54,599

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $18,061,177Liabilities 2010: $1,595,143Net Assets 2010: $16,466,0342010Assets 2011: $17,881,826Liabilities 2011: $1,599,493Net Assets 2011: $16,282,3332011Assets 2012: $18,012,788Liabilities 2012: $1,697,229Net Assets 2012: $16,315,5592012Assets 2013: $17,682,658Liabilities 2013: $1,421,698Net Assets 2013: $16,260,9602013Assets 2014: $17,179,290Liabilities 2014: $1,293,983Net Assets 2014: $15,885,3072014Assets 2015: $17,721,182Liabilities 2015: $1,747,171Net Assets 2015: $15,974,0112015Assets 2016: $17,215,534Liabilities 2016: $1,363,153Net Assets 2016: $15,852,3812016Assets 2017: $17,648,006Liabilities 2017: $1,345,509Net Assets 2017: $16,302,4972017Assets 2018: $21,287,681Liabilities 2018: $4,607,761Net Assets 2018: $16,679,9202018Assets 2020: $24,936,172Liabilities 2020: $6,967,453Net Assets 2020: $17,968,7192020Assets 2021: $20,135,730Liabilities 2021: $1,039,111Net Assets 2021: $19,096,6192021Assets 2022: $18,989,230Liabilities 2022: $1,379,523Net Assets 2022: $17,609,7072022Assets 2023: $19,995,725Liabilities 2023: $1,743,449Net Assets 2023: $18,252,2762023Assets 2024: $20,731,906Liabilities 2024: $2,008,429Net Assets 2024: $18,723,4772024

Highlighted filing

2013

Assets$17,682,658
Liabilities$1,421,698
Net Assets$16,260,960

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $873,1732010Expenses 2011: $1,016,5862011Expenses 2012: $620,7212012Revenue 2013: $767,955Expenses 2013: $822,554Net Income 2013: -$54,5992013Revenue 2014: $504,508Expenses 2014: $880,161Net Income 2014: -$375,6532014Revenue 2015: $335,074Expenses 2015: $621,129Net Income 2015: -$286,0552015Revenue 2016: $499,520Expenses 2016: $624,984Net Income 2016: -$125,4642016Revenue 2017: $842,643Expenses 2017: $629,092Net Income 2017: $213,5512017Revenue 2018: $784,820Expenses 2018: $723,306Net Income 2018: $61,5142018Revenue 2020: $653,891Expenses 2020: $663,565Net Income 2020: -$9,6742020Revenue 2021: $1,700,806Expenses 2021: $671,393Net Income 2021: $1,029,4132021Revenue 2022: $581,326Expenses 2022: $712,943Net Income 2022: -$131,6172022Revenue 2023: $639,525Expenses 2023: $892,122Net Income 2023: -$252,5972023Revenue 2024: $706,258Expenses 2024: $887,704Net Income 2024: -$181,4462024

Highlighted filing

2013

Revenue$767,955
Expenses$822,554
Net Income-$54,599
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 15, 2014
Return Version
2013v3.1
Gross Receipts
$767,955
Mission and Program Overview

Mission

Promoted industrial development in schuylkill county, pa through land development, contruction of shell buildings, low-interest loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$10,327,323$10,478,026▲ $150,703
Investments in Publicly Traded Securities$3,858,209$3,503,684▼ $354,525
Other Notes and Loans Receivable, Net$2,422,716$2,009,066▼ $413,650
Land, Buildings, and Equipment, Net$46,070$713,464▲ $667,394
Savings and Temporary Cash Investments$390,621$601,877▲ $211,256
Accounts Receivable$707,931$376,341▼ $331,590
Cash and Non-Interest-Bearing Accounts$120$200▲ $80
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$18,012,788$17,682,658▼ $330,130
Other Assets Total$259,798$0▼ $259,798
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,123,073$1,123,073→ $0
Other Liabilities$279,229$283,174▲ $3,945
Deferred Revenue$234,999--
Accounts Payable and Accrued Expenses$59,928$15,451▼ $44,477
Total Liabilities$1,697,229$1,421,698▼ $275,531
Net Assets / Fund Balance
Unrestricted Net Assets$16,315,559$16,260,960▼ $54,599
Total Net Assets Fund Balance$16,315,559$16,260,960▼ $54,599
Total Liabilities and Net Assets / Fund Balance$18,012,788$17,682,658▼ $330,130

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$557,568-$557,568
Equipment$155,896$93,192$249,088
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank ZukasPresident & CEOPT$140,332$39,630$179,962
Brian HansburyVice Pres.-marketingFT$53,817$7,294$61,111
Letitia ResierAsst SecretaryFT$40,267$13,854$54,121
Gerald HeffnerVice Pres. MarketingFT$8,403$1,117$9,520
Revenue and Support

Revenue Composition

Contributions and Grants
$274,582
Program Service Revenue
$101,530
Investment Income
$374,776
Other Revenue
$17,067
All Other Contributions
$8,654
Change in Net Assets
$-54,599

Audited Revenue Reconciliation

Revenue per Audited Statements
$767,955
Total Revenue per Audited Statements
$767,955
Total Revenue per Form 990
$767,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$507,639
Salaries, Compensation, and Employee Benefits$314,915
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$111,025$123,391-$234,416
Occupancy-$45,252-$45,252
Other Employee Benefits$13,661$16,036-$29,697
Depreciation Depletion$25,728--$25,728
Insurance$23,095--$23,095
Fees for Service Investment Mgmnt Fees-$21,552-$21,552
All Other Expenses$6,989$12,625-$19,614
Payroll Taxes$8,687$10,198-$18,885
Travel$7,677$9,014-$16,691
Pension Plan Contributions$7,416$8,706-$16,122
Advertising$16,035--$16,035
Interest-$16,001-$16,001
Other Salaries and Wages$3,949$11,846-$15,795
Other Expenses$11,652$18,750-$11,652
Fees for Services Other-$11,512-$11,512
Office Expenses-$6,868-$6,868
Total Functional Expenses$485,827$336,727$0$822,554

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$822,554
Total Expenses per Audited Statements$822,554
Total Expenses per Form 990$822,554
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joseph SchlitzerBoard MemberSedco InsuranceNo$21,989

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$238,457
Deposits$43,000
Accrued Payroll Taxes$1,717
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

Sedco utilizes an executive committee made up of elected officers (5) and board members (15) to manage operations of the corporation. All members of the executive committee are briefed on the annual audit and form 990 receive a copy of the same for review and comment.an audit committee made up of 3 members of the executive committee meets with the corporation's auditors to review a "draft" audit report in advance of finalizing the audit. Each member of the audit committee has legal, business and financial credentials.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy is distributed to all members (56) of the board of directors at the annual reorganization meeting in january.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Sedco established a staff incentive compensation program in 1993 with the most recent modification to the program taking place in 2007. The compensation committee include 5 members including the chairman, treasurer, immediate past chairman and two executive committee members appointed by the chair. The committee follows the above referenced program in making its recommendations.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

EIN
23-1412034
Phone
5706221943

Signing Officer

Name
Frank Zukas
Title
President & CEO
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1952
Legal Domicile
Pa
Voting Board Members
57
Independent Board Members
56
Employees
5

Preparer

Preparer
Richard PitcavageCPA
Phone
5706225010
Raw XML AppendixShowing 400 of 409 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt059928
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015451
IRS990/AccountsReceivableGrp/BOYAmt0707931
IRS990/AccountsReceivableGrp/EOYAmt0376341
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTED INDUSTRIAL DEVELOPMENT IN SCHUYLKILL COUNTY, PA THROUGH LAND DEVELOPMENT, CONTRUCTION OF SHELL BUILDINGS, LOW-INTEREST LOANS
IRS990/AdvertisingGrp/ProgramServicesAmt016035
IRS990/AdvertisingGrp/TotalAmt016035
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt08654
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt012625
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06989
IRS990/AllOtherExpensesGrp/TotalAmt019614
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0FRANK ZUKAS
IRS990/BooksInCareOfDetail/PhoneNum05706221943
IRS990/BooksInCareOfDetail/USAddress/AddressLine10ONE PROGRESS CIRCLE SUITE 200
IRS990/BooksInCareOfDetail/USAddress/City0POTTSVILLE
IRS990/BooksInCareOfDetail/USAddress/State0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode017901
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0120
IRS990/CashNonInterestBearingGrp/EOYAmt0200
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0123391
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0111025
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0234416
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0274582
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0374776
IRS990/CYOtherExpensesAmt0507639
IRS990/CYOtherRevenueAmt017067
IRS990/CYProgramServiceRevenueAmt0101530
IRS990/CYRevenuesLessExpensesAmt0-54599
IRS990/CYSalariesCompEmpBnftPaidAmt0314915
IRS990/CYTotalExpensesAmt0822554
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0767955
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0234999
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt025728
IRS990/DepreciationDepletionGrp/TotalAmt025728
IRS990/Desc0SEDCO PROVIDED ADMINISTRATIVE SERVICES TO THE GREATER TAMAQUA INDUSTRIAL DEVELOPMENT ENTERPRISE AND THE SCHUYLKILL COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY. IN ADDITION, SEDCO CHARGES A SERVICE FEE TO COMPANIES WHO UTILIZE THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY LOAN PROGRAM.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt0485827
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt011512
IRS990/FeesForServicesOtherGrp/TotalAmt011512
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt021552
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt021552
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt033.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt039630
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt113854
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt21117
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt37294
IRS990/Form990PartVIISectionAGrp/PersonNm0FRANK ZUKAS
IRS990/Form990PartVIISectionAGrp/PersonNm1LETITIA RESIER
IRS990/Form990PartVIISectionAGrp/PersonNm2GERALD HEFFNER
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIAN HANSBURY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0140332
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140267
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28403
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt353817
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRES. MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRES.-MARKETING
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt057
IRS990/GovernmentGrantsAmt0265928
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0767955
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt056
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt023095
IRS990/InsuranceGrp/TotalAmt023095
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt016001
IRS990/InterestGrp/TotalAmt016001
IRS990/InventoriesForSaleOrUseGrp/BOYAmt010327323
IRS990/InventoriesForSaleOrUseGrp/EOYAmt010478026
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0374776
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0374776
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03858209
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03503684
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt093192
IRS990/LandBldgEquipBasisNetGrp/BOYAmt046070
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0713464
IRS990/LandBldgEquipCostOrOtherBssAmt0806656
IRS990/LegalDomicileStateCd0PA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0true
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTED INDUSTRIAL DEVELOPMENT IN SCHUYLKILL COUNTY, PA THROUGH LAND DEVELOPMENT, CONTRUCTION OF SHELL BUILDINGS, LOW-INTEREST LOANS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01123073
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01123073
IRS990/NetAssetsOrFundBalancesBOYAmt016315559
IRS990/NetAssetsOrFundBalancesEOYAmt016260960
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt045252
IRS990/OccupancyGrp/TotalAmt045252
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06868
IRS990/OfficeExpensesGrp/TotalAmt06868
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0259798
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016036
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013661
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029697
IRS990/OtherExpensesGrp/Desc0GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc3PROPERTY MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024976
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118750
IRS990/OtherExpensesGrp/ProgramServicesAmt0249913
IRS990/OtherExpensesGrp/ProgramServicesAmt111652
IRS990/OtherExpensesGrp/TotalAmt0249913
IRS990/OtherExpensesGrp/TotalAmt124976
IRS990/OtherExpensesGrp/TotalAmt218750
IRS990/OtherExpensesGrp/TotalAmt311652
IRS990/OtherLiabilitiesGrp/BOYAmt0279229
IRS990/OtherLiabilitiesGrp/EOYAmt0283174
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt017067
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017067
IRS990/OtherRevenueTotalAmt017067
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011846
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03949
IRS990/OtherSalariesAndWagesGrp/TotalAmt015795
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02422716
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02009066
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010198
IRS990/PayrollTaxesGrp/ProgramServicesAmt08687
IRS990/PayrollTaxesGrp/TotalAmt018885
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08706
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07416
IRS990/PensionPlanContributionsGrp/TotalAmt016122
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE & ADMIN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0101530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0101530
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0105003
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0382060
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0310742
IRS990/PYOtherRevenueAmt086248
IRS990/PYProgramServiceRevenueAmt080636
IRS990/PYRevenuesLessExpensesAmt033226
IRS990/PYSalariesCompEmpBnftPaidAmt0309979
IRS990/PYTotalExpensesAmt0620721
IRS990/PYTotalRevenueAmt0653947
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-54599
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt069122
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0390621
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0601877
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0155896
IRS990ScheduleD/EquipmentGrp/DepreciationAmt093192
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0249088
IRS990ScheduleD/ExpensesSubtotalAmt0822554
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0557568
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0557568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01717
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt143000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2238457
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LINE OF CREDIT
IRS990ScheduleD/RevenueSubtotalAmt0767955
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0713464
IRS990ScheduleD/TotalExpensesPerForm990Amt0822554
IRS990ScheduleD/TotalLiabilityAmt0283174
IRS990ScheduleD/TotalRevenuePerForm990Amt0767955
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0767955
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0822554
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140332
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt039630
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANK ZUKAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0179962
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOSEPH SCHLITZER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt021989
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEDCO INSURANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0468544
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0632088
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JIM MILLER - BUSINESS LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0468544
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEDCO UTILIZES AN EXECUTIVE COMMITTEE MADE UP OF ELECTED OFFICERS (5) AND BOARD MEMBERS (15) TO MANAGE OPERATIONS OF THE CORPORATION. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE BRIEFED ON THE ANNUAL AUDIT AND FORM 990 RECEIVE A COPY OF THE SAME FOR REVIEW AND COMMENT.AN AUDIT COMMITTEE MADE UP OF 3 MEMBERS OF THE EXECUTIVE COMMITTEE MEETS WITH THE CORPORATION'S AUDITORS TO REVIEW A "DRAFT" AUDIT REPORT IN ADVANCE OF FINALIZING THE AUDIT. EACH MEMBER OF THE AUDIT COMMITTEE HAS LEGAL, BUSINESS AND FINANCIAL CREDENTIALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL MEMBERS (56) OF THE BOARD OF DIRECTORS AT THE ANNUAL REORGANIZATION MEETING IN JANUARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEDCO ESTABLISHED A STAFF INCENTIVE COMPENSATION PROGRAM IN 1993 WITH THE MOST RECENT MODIFICATION TO THE PROGRAM TAKING PLACE IN 2007. THE COMPENSATION COMMITTEE INCLUDE 5 MEMBERS INCLUDING THE CHAIRMAN, TREASURER, IMMEDIATE PAST CHAIRMAN AND TWO EXECUTIVE COMMITTEE MEMBERS APPOINTED BY THE CHAIR. THE COMMITTEE FOLLOWS THE ABOVE REFERENCED PROGRAM IN MAKING ITS RECOMMENDATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018012788
IRS990/TotalAssetsEOYAmt017682658
IRS990/TotalAssetsGrp/BOYAmt018012788
IRS990/TotalAssetsGrp/EOYAmt017682658
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0274582
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0336727
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0485827
IRS990/TotalFunctionalExpensesGrp/TotalAmt0822554
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01697229
IRS990/TotalLiabilitiesEOYAmt01421698
IRS990/TotalLiabilitiesGrp/BOYAmt01697229
IRS990/TotalLiabilitiesGrp/EOYAmt01421698
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016315559
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016260960
IRS990/TotalOtherCompensationAmt061895
IRS990/TotalProgramServiceExpensesAmt0485827
IRS990/TotalProgramServiceRevenueAmt0101530
IRS990/TotalReportableCompFromOrgAmt0242819
IRS990/TotalRevenueGrp/ExclusionAmt017067
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0476306
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0767955
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018012788
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017682658
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt09014
IRS990/TravelGrp/ProgramServicesAmt07677
IRS990/TravelGrp/TotalAmt016691
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016315559
IRS990/UnrestrictedNetAssetsGrp/EOYAmt016260960
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt057
IRS990/VotingMembersIndependentCnt056
IRS990/WebsiteAddressTxt0WWW.SED-CO.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK ZUKAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10SCHUYLKILL ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine20CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SCHU
ReturnHeader/Filer/EIN0231412034
ReturnHeader/Filer/PhoneNum05706221943
ReturnHeader/Filer/USAddress/AddressLine10UNION STATION - ONE PROGRESS CIRCLE
ReturnHeader/Filer/USAddress/City0POTTSVILLE
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode017901
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Jones & CoPC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10110 N 2nd St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Pottsville

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$2.01$18.7$0.71$0.89$0.18
2023Detailed filing. Detailed filing data is available for this year.$20.0$1.74$18.3$0.64$0.89$0.25
2022Detailed filing. Detailed filing data is available for this year.$19.0$1.38$17.6$0.58$0.71$0.13
2021Detailed filing. Detailed filing data is available for this year.$20.1$1.04$19.1$1.70$0.67$1.03
2020Detailed filing. Detailed filing data is available for this year.$24.9$6.97$18.0$0.65$0.66$0.01
2018Detailed filing. Detailed filing data is available for this year.$21.3$4.61$16.7$0.78$0.72$0.06
2017Detailed filing. Detailed filing data is available for this year.$17.6$1.35$16.3$0.84$0.63$0.21
2016Detailed filing. Detailed filing data is available for this year.$17.2$1.36$15.9$0.50$0.62$0.13
2015Detailed filing. Detailed filing data is available for this year.$17.7$1.75$16.0$0.34$0.62$0.29
2014Detailed filing. Detailed filing data is available for this year.$17.2$1.29$15.9$0.50$0.88$0.38
2013Detailed filing. Detailed filing data is available for this year.$17.7$1.42$16.3$0.77$0.82$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$1.70$16.3$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$1.60$16.3$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$1.60$16.5$0.87