Civic Intelligence

Schuylkill Economic Development Corporation

990 • Fiscal year 2021 • EIN 23-1412034

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 05, 2022

Organization ProfileWWW.SED-CO.COM

View Organization Page

Union Station - One Progress CirclePottsville, PA 17901

(570) 622-1943

Siviq Scores

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

Liabilities / Assets

34th percentile

0.05x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.61x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Net Margin

83rd percentile

61%

Higher net margin than 83% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

4th percentile

-19%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

160%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$20,135,730

Down $4,800,442 (-19%) from 2020

Net Assets

Up

$19,096,619

Up $1,127,900 (+6.3%) from 2020

Liabilities

Down

$1,039,111

Down $5,928,342 (-85%) from 2020

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin83rd percentile

Revenue

Up

$1,700,806

Up $1,046,915 (+160%) from 2020

Expenses

Up

$671,393

Up $7,828 (+1.2%) from 2020

Net Income

Up

$1,029,413

Up $1,039,087 (+10741%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

2021

Assets$20,135,730
Liabilities$1,039,111
Net Assets$19,096,619
Open 2021 Filing

Operations Trend

Revenue Growth89th percentile

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

2021

Revenue$1,700,806
Expenses$671,393
Net Income$1,029,413
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 5, 2022
Return Version
2021v4.0
Gross Receipts
$13,097,869
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
Investments in Publicly Traded Securities$6,718,092$8,980,123▲ $2,262,031
Inventories for Sale or Use$16,863,913$7,797,737▼ $9,066,176
Other Notes and Loans Receivable, Net$13,385$1,979,032▲ $1,965,647
Savings and Temporary Cash Investments$767,849$885,456▲ $117,607
Land, Buildings, and Equipment, Net$513,049$470,898▼ $42,151
Accounts Receivable$59,684$22,284▼ $37,400
Cash and Non-Interest-Bearing Accounts$200$200→ $0
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$24,936,172$20,135,730▼ $4,800,442
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,617,479--
Unsecured Notes Loans Payable$1,028,199$928,037▼ $100,162
Accounts Payable and Accrued Expenses$320,989$60,171▼ $260,818
Other Liabilities$786$50,903▲ $50,117
Total Liabilities$6,967,453$1,039,111▼ $5,928,342
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,968,719$19,096,619▲ $1,127,900
Total Net Assets Fund Balance$17,968,719$19,096,619▲ $1,127,900
Total Liabilities and Net Assets / Fund Balance$24,936,172$20,135,730▼ $4,800,442

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$436,762$120,806$557,568
Other Land Buildings$34,136$143,751$177,887
Equipment-$24,277$24,277
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank ZukasPresident & CEOFT$193,856$35,256$229,112
Letitia ResierAsst SecretaryFT$66,422$14,138$80,560

Board Members and Trustees

NameTitle
Karen KenderdineChairman
Christine VerdierSecretary
Kirk FanelliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$451,024
Program Service Revenue
$94,814
Investment Income
$751,831
Other Revenue
$403,137
All Other Contributions
$200,000
Change in Net Assets
$1,029,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,700,806
Total Revenue per Audited Statements
$1,700,806
Total Revenue per Form 990
$1,700,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$378,099
Salaries, Compensation, and Employee Benefits$293,294
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$110,883$136,054-$246,937
Occupancy-$77,596-$77,596
Fees for Services Other-$57,915-$57,915
Fees for Service Investment Mgmnt Fees-$36,187-$36,187
Depreciation Depletion-$30,420-$30,420
Insurance$24,819--$24,819
Fees for Services Accounting-$17,454-$17,454
Payroll Taxes$7,861$9,228-$17,089
Pension Plan Contributions$7,692$9,030-$16,722
All Other Expenses$6,419$7,886-$14,305
Advertising$14,290--$14,290
Other Employee Benefits$5,771$6,775-$12,546
Office Expenses-$10,302-$10,302
Payment Travel Entrtnmnt Publicly Ofcl$3,678$4,317-$7,995
Other Expenses$20,505$6,469-$6,469
Interest-$2,975-$2,975
Fees for Services Legal-$69-$69
Total Functional Expenses$258,716$412,677$0$671,393

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$671,393
Total Expenses per Audited Statements$671,393
Total Expenses per Form 990$671,393
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kirk FanelliBoard MemberConstruction ContractNo$13,549

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
Sales Agreement Deposits$50,000
Accrued Payroll Taxes$903
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
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 2013. 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

Filer Name
Schuylkill Economic Development
EIN
23-1412034
Phone
5706221943
Address
UNION STATION - ONE PROGRESS CIRCLE, POTTSVILLE, PA 17901

Signing Officer

Name
Frank Zukas
Title
President & CEO
Signed
2022-07-05
Discuss with paid preparer
Yes

Organization Details

Formed
1952
Legal Domicile
Pa
Voting Board Members
63
Independent Board Members
63
Employees
2

Preparer

Firm
Jones & CoPC
Address
110 N 2nd St, Pottsville, PA 17901
Preparer
Richard PitcavageCPA
Phone
5706225010
Raw XML AppendixShowing 400 of 421 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/BOYAmt0320989
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt060171
IRS990/AccountsReceivableGrp/BOYAmt059684
IRS990/AccountsReceivableGrp/EOYAmt022284
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTED INDUSTRIAL DEVELOPMENT IN SCHUYLKILL COUNTY, PA THROUGH LAND DEVELOPMENT, CONTRUCTION OF SHELL BUILDINGS, LOW-INTEREST LOANS
IRS990/AdvertisingGrp/ProgramServicesAmt014290
IRS990/AdvertisingGrp/TotalAmt014290
IRS990/AllOtherContributionsAmt0200000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07886
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06419
IRS990/AllOtherExpensesGrp/TotalAmt014305
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0FRANK ZUKAS
IRS990/BooksInCareOfDetail/PhoneNum05706221943
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE PROGRESS CIRCLE SUITE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0POTTSVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd017901
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0200
IRS990/CashNonInterestBearingGrp/EOYAmt0200
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0136054
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0110883
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0246937
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt09421688
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0451024
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0751831
IRS990/CYOtherExpensesAmt0378099
IRS990/CYOtherRevenueAmt0403137
IRS990/CYProgramServiceRevenueAmt094814
IRS990/CYRevenuesLessExpensesAmt01029413
IRS990/CYSalariesCompEmpBnftPaidAmt0293294
IRS990/CYTotalExpensesAmt0671393
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01700806
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt030420
IRS990/DepreciationDepletionGrp/TotalAmt030420
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/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0258716
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017454
IRS990/FeesForServicesAccountingGrp/TotalAmt017454
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt069
IRS990/FeesForServicesLegalGrp/TotalAmt069
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt057915
IRS990/FeesForServicesOtherGrp/TotalAmt057915
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt036187
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt036187
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/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt035256
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt114138
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0FRANK ZUKAS
IRS990/Form990PartVIISectionAGrp/PersonNm1LETITIA RESIER
IRS990/Form990PartVIISectionAGrp/PersonNm2KAREN KENDERDINE
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTINE VERDIER
IRS990/Form990PartVIISectionAGrp/PersonNm4KIRK FANELLI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0193856
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt166422
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt04752
IRS990/GainOrLossGrp/SecuritiesAmt0511670
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt063
IRS990/GovernmentGrantsAmt0251024
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt024468
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02467329
IRS990/GrossReceiptsAmt013097869
IRS990/GrossSalesOfInventoryAmt09820500
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt063
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt024819
IRS990/InsuranceGrp/TotalAmt024819
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt02975
IRS990/InterestGrp/TotalAmt02975
IRS990/InventoriesForSaleOrUseGrp/BOYAmt016863913
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07797737
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0235409
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0235409
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06718092
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08980123
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0288834
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0513049
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0470898
IRS990/LandBldgEquipCostOrOtherBssAmt0759732
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt019716
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01955659
IRS990/LoanOutstandingInd0false
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/BOYAmt05617479
IRS990/NetAssetsOrFundBalancesBOYAmt017968719
IRS990/NetAssetsOrFundBalancesEOYAmt019096619
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0516422
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0516422
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0398812
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0398812
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt098487
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt017968719
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019096619
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt077596
IRS990/OccupancyGrp/TotalAmt077596
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010302
IRS990/OfficeExpensesGrp/TotalAmt010302
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06775
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05771
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012546
IRS990/OtherExpensesGrp/Desc0GRANT EXPENSES
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2AUTO EXPENSE
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06469
IRS990/OtherExpensesGrp/ProgramServicesAmt029522
IRS990/OtherExpensesGrp/ProgramServicesAmt127276
IRS990/OtherExpensesGrp/ProgramServicesAmt220505
IRS990/OtherExpensesGrp/TotalAmt029522
IRS990/OtherExpensesGrp/TotalAmt127276
IRS990/OtherExpensesGrp/TotalAmt220505
IRS990/OtherExpensesGrp/TotalAmt36469
IRS990/OtherLiabilitiesGrp/BOYAmt0786
IRS990/OtherLiabilitiesGrp/EOYAmt050903
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04325
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04325
IRS990/OtherRevenueTotalAmt04325
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013385
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01979032
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09228
IRS990/PayrollTaxesGrp/ProgramServicesAmt07861
IRS990/PayrollTaxesGrp/TotalAmt017089
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09030
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07692
IRS990/PensionPlanContributionsGrp/TotalAmt016722
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCME EXEMPT PURPS
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE & ADMIN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041133
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt153681
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153681
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0128195
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0391013
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt04317
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt03678
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt07995
IRS990/PYOtherExpensesAmt0327449
IRS990/PYOtherRevenueAmt018389
IRS990/PYProgramServiceRevenueAmt0116294
IRS990/PYRevenuesLessExpensesAmt0-9674
IRS990/PYSalariesCompEmpBnftPaidAmt0336116
IRS990/PYTotalExpensesAmt0663565
IRS990/PYTotalRevenueAmt0653891
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01029413
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0767849
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0885456
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024277
IRS990ScheduleD/ExpensesSubtotalAmt0671393
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0436762
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0120806
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0557568
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt034136
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0143751
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0177887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES AGREEMENT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01700806
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0470898
IRS990ScheduleD/TotalExpensesPerForm990Amt0671393
IRS990ScheduleD/TotalLiabilityAmt050903
IRS990ScheduleD/TotalRevenuePerForm990Amt01700806
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01700806
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0671393
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0193856
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt035256
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANK ZUKAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0229112
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KIRK FANELLI
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt013549
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSTRUCTION CONTRACT
IRS990/ScheduleORequiredInd0true
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 2013. 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024936172
IRS990/TotalAssetsEOYAmt020135730
IRS990/TotalAssetsGrp/BOYAmt024936172
IRS990/TotalAssetsGrp/EOYAmt020135730
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0451024
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0412677
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0258716
IRS990/TotalFunctionalExpensesGrp/TotalAmt0671393
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06967453
IRS990/TotalLiabilitiesEOYAmt01039111
IRS990/TotalLiabilitiesGrp/BOYAmt06967453
IRS990/TotalLiabilitiesGrp/EOYAmt01039111
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017968719
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt019096619
IRS990/TotalOtherCompensationAmt049394
IRS990/TotalProgramServiceExpensesAmt0258716
IRS990/TotalProgramServiceRevenueAmt094814
IRS990/TotalReportableCompFromOrgAmt0260278
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01249782
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01700806
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024936172
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020135730
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01028199
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0928037
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0UNION STATION - ONE PROGRESS CIRCLE
IRS990/USAddress/CityNm0POTTSVILLE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017901
IRS990/VotingMembersGoverningBodyCnt063
IRS990/VotingMembersIndependentCnt063
IRS990/WebsiteAddressTxt0WWW.SED-CO.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK ZUKAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHUYLKILL ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SCHU

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$20,135,730
Liabilities
$1,039,111
Net assets
$19,096,619
Revenue
$1,700,806
Expenses
$671,393
Net income
$1,029,413
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