Civic Intelligence

Schuylkill Economic Development Corporation

990 • Fiscal year 2022 • EIN 23-1412034

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 27, 2023

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

41st percentile

0.07x

Higher debt load relative to assets than 41% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

2.37x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

69th percentile

$249,931

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 43.0% of source-year revenue.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Asset Growth

25th percentile

-5.7%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-66%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$18,989,230

Down $1,146,500 (-5.7%) from 2021

Net Assets

Down

$17,609,707

Down $1,486,912 (-7.8%) from 2021

Liabilities

Up

$1,379,523

Up $340,412 (+33%) from 2021

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin13th percentile

Revenue

Down

$581,326

Down $1,119,480 (-66%) from 2021

Expenses

Up

$712,943

Up $41,550 (+6.2%) from 2021

Net Income

Down

-$131,617

Down $1,161,030 (-113%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2022

Assets$18,989,230
Liabilities$1,379,523
Net Assets$17,609,707
Open 2022 Filing

Operations Trend

Revenue Growth5th 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

2022

Revenue$581,326
Expenses$712,943
Net Income-$131,617
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 27, 2023
Return Version
2022v5.0
Gross Receipts
$1,981,768
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$7,797,737$7,893,277▲ $95,540
Investments in Publicly Traded Securities$8,980,123$7,684,849▼ $1,295,274
Other Notes and Loans Receivable, Net$1,979,032$1,674,955▼ $304,077
Savings and Temporary Cash Investments$885,456$1,239,149▲ $353,693
Land, Buildings, and Equipment, Net$470,898$445,373▼ $25,525
Accounts Receivable$22,284$41,427▲ $19,143
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$20,135,730$18,989,230▼ $1,146,500
Other Assets Total-$10,000-
Liabilities
Unsecured Notes Loans Payable$928,037$919,602▼ $8,435
Other Liabilities$50,903$437,885▲ $386,982
Accounts Payable and Accrued Expenses$60,171$22,036▼ $38,135
Total Liabilities$1,039,111$1,379,523▲ $340,412
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,096,619$17,609,707▼ $1,486,912
Total Net Assets Fund Balance$19,096,619$17,609,707▼ $1,486,912
Total Liabilities and Net Assets / Fund Balance$20,135,730$18,989,230▼ $1,146,500

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$422,822$134,746$557,568
Other Land Buildings$22,551$160,314$182,865
Equipment-$24,277$24,277
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank ZukasPresident & CEOFT$205,303$44,628$249,931
Letitia ResierAsst SecretaryFT$74,665$15,118$89,783

Board Members and Trustees

NameTitle
Karen KenderdineChairman
Christine VerdierSecretary
Kirk FanelliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$238,549
Program Service Revenue
$188,223
Investment Income
$151,787
Other Revenue
$2,767
Change in Net Assets
$-131,617

Audited Revenue Reconciliation

Revenue per Audited Statements
$581,326
Total Revenue per Audited Statements
$581,326
Total Revenue per Form 990
$581,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$379,487
Salaries, Compensation, and Employee Benefits$333,456
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$106,758$98,545-$205,303
Other Salaries and Wages$18,666$55,999-$74,665
Occupancy-$55,701-$55,701
Fees for Services Other-$54,033-$54,033
Fees for Service Investment Mgmnt Fees-$37,014-$37,014
Depreciation Depletion-$30,503-$30,503
Payroll Taxes$8,347$9,798-$18,145
Fees for Services Accounting-$18,102-$18,102
Other Employee Benefits$8,234$9,665-$17,899
Pension Plan Contributions$8,024$9,420-$17,444
Insurance$16,972--$16,972
Advertising$12,919--$12,919
All Other Expenses$1,867$9,854-$11,721
Office Expenses-$11,333-$11,333
Travel$4,668$5,480-$10,148
Other Expenses$14,327$6,399-$6,399
Fees for Services Legal-$693-$693
Total Functional Expenses$300,404$412,539$0$712,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$712,943
Total Expenses per Audited Statements$712,943
Total Expenses per Form 990$712,943
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

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$437,205
Accrued Payroll Taxes$680
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, Section B, Line 11B

“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, Section B, Line 12C

“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, Section B, Line 15B

“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, Section C, Line 19

“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
2023-07-27
Discuss with paid preparer
Yes

Organization Details

Formed
1952
Legal Domicile
Pa
Voting Board Members
62
Independent Board Members
62
Employees
2

Preparer

Firm
Jones & CoPC
Address
110 N 2nd St, Pottsville, PA 17901
Preparer
Richard PitcavageCPA
Phone
5706225010
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IRS990/OtherLiabilitiesGrp/EOYAmt0437885
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02767
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02767
IRS990/OtherRevenueTotalAmt02767
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt055999
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt018666
IRS990/OtherSalariesAndWagesGrp/TotalAmt074665
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01979032
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01674955
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09798
IRS990/PayrollTaxesGrp/ProgramServicesAmt08347
IRS990/PayrollTaxesGrp/TotalAmt018145
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09420
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08024
IRS990/PensionPlanContributionsGrp/TotalAmt017444
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCME EXEMPT PURPS
IRS990/ProgramServiceRevenueGrp/Desc1RIGHT OF WAY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE & ADMIN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039409
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt196408
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt252406
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039409
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt196408
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252406
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0451024
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0751831
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0378099
IRS990/PYOtherRevenueAmt0403137
IRS990/PYProgramServiceRevenueAmt094814
IRS990/PYRevenuesLessExpensesAmt01029413
IRS990/PYSalariesCompEmpBnftPaidAmt0293294
IRS990/PYTotalExpensesAmt0671393
IRS990/PYTotalRevenueAmt01700806
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-131617
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0885456
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01239149
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024277
IRS990ScheduleD/ExpensesSubtotalAmt0712943
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0422822
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0134746
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0557568
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022551
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0160314
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0182865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0680
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1437205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES AGREEMENT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0581326
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0445373
IRS990ScheduleD/TotalExpensesPerForm990Amt0712943
IRS990ScheduleD/TotalLiabilityAmt0437885
IRS990ScheduleD/TotalRevenuePerForm990Amt0581326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0581326
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0712943
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0205303
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt044628
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRANK ZUKAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0249931
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020135730
IRS990/TotalAssetsEOYAmt018989230
IRS990/TotalAssetsGrp/BOYAmt020135730
IRS990/TotalAssetsGrp/EOYAmt018989230
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0238549
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0412539
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300404
IRS990/TotalFunctionalExpensesGrp/TotalAmt0712943
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01039111
IRS990/TotalLiabilitiesEOYAmt01379523
IRS990/TotalLiabilitiesGrp/BOYAmt01039111
IRS990/TotalLiabilitiesGrp/EOYAmt01379523
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt019096619
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017609707
IRS990/TotalOtherCompensationAmt059746
IRS990/TotalProgramServiceExpensesAmt0300404
IRS990/TotalProgramServiceRevenueAmt0188223
IRS990/TotalReportableCompFromOrgAmt0279968
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0342777
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0581326
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020135730
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018989230
IRS990/TravelGrp/ManagementAndGeneralAmt05480
IRS990/TravelGrp/ProgramServicesAmt04668
IRS990/TravelGrp/TotalAmt010148
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0928037
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0919602
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0UNION STATION - ONE PROGRESS CIRCLE
IRS990/USAddress/CityNm0POTTSVILLE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017901
IRS990/VotingMembersGoverningBodyCnt062
IRS990/VotingMembersIndependentCnt062
IRS990/WebsiteAddressTxt0WWW.SED-CO.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK ZUKAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHUYLKILL ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SCHU
ReturnHeader/Filer/EIN0231412034
ReturnHeader/Filer/PhoneNum05706221943
ReturnHeader/Filer/USAddress/AddressLine1Txt0UNION STATION - ONE PROGRESS CIRCLE
ReturnHeader/Filer/USAddress/CityNm0POTTSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017901
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232746883

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$18,989,230
Liabilities
$1,379,523
Net assets
$17,609,707
Revenue
$581,326
Expenses
$712,943
Net income
-$131,617
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