Civic Intelligence

York County Economic Development Corporation

990 • Fiscal year 2019 • EIN 23-1544682

Jan 01, 2019 to Dec 31, 2019 • Filed on May 14, 2020

144 Roosevelt Avenue Suite 100York, PA 17401

(717) 846-8879

Siviq Scores

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

Liabilities / Assets

77th percentile

0.47x

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

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

2.79x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Net Margin

82nd percentile

17%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

31st percentile

$196,349

Higher top officer pay than 31% of similar nonprofits.

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

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Asset Growth

2nd percentile

-25%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

9.5%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$5,007,718

Down $1,632,199 (-25%) from 2018

Net Assets

Up

$2,675,199

Up $141,398 (+5.6%) from 2018

Liabilities

Down

$2,332,519

Down $1,773,597 (-43%) from 2018

Revenue

Up

$837,334

Up $72,580 (+9.5%) from 2018

Expenses

Down

$695,936

Down $733,375 (-51%) from 2018

Net Income

Up

$141,398

Up $805,955 (+121%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $10,874,004Liabilities 2010: $5,931,231Net Assets 2010: $4,942,7732010Assets 2011: $9,941,232Liabilities 2011: $5,238,321Net Assets 2011: $4,702,9112011Assets 2012: $10,190,359Liabilities 2012: $5,800,157Net Assets 2012: $4,390,2022012Assets 2013: $9,542,911Liabilities 2013: $5,440,509Net Assets 2013: $4,102,4022013Assets 2014: $8,974,456Liabilities 2014: $5,132,597Net Assets 2014: $3,841,8592014Assets 2015: $11,335,613Liabilities 2015: $7,737,279Net Assets 2015: $3,598,3342015Assets 2016: $10,637,943Liabilities 2016: $7,276,712Net Assets 2016: $3,361,2312016Assets 2017: $9,891,182Liabilities 2017: $6,692,824Net Assets 2017: $3,198,3582017Assets 2018: $6,639,917Liabilities 2018: $4,106,116Net Assets 2018: $2,533,8012018Assets 2019: $5,007,718Liabilities 2019: $2,332,519Net Assets 2019: $2,675,1992019Assets 2020: $3,268,741Liabilities 2020: $611,084Net Assets 2020: $2,657,6572020Assets 2021: $3,039,476Liabilities 2021: $421,973Net Assets 2021: $2,617,5032021Assets 2022: $4,317,112Liabilities 2022: $1,793,553Net Assets 2022: $2,523,5592022Assets 2023: $4,011,144Liabilities 2023: $1,508,867Net Assets 2023: $2,502,2772023Assets 2024: $3,701,687Liabilities 2024: $804,836Net Assets 2024: $2,896,8512024

Highlighted filing

2019

Assets$5,007,718
Liabilities$2,332,519
Net Assets$2,675,199

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,701,2342010Expenses 2011: $2,272,4042011Expenses 2012: $922,9652012Revenue 2013: $475,793Expenses 2013: $763,593Net Income 2013: -$287,8002013Revenue 2014: $467,542Expenses 2014: $728,085Net Income 2014: -$260,5432014Revenue 2015: $533,751Expenses 2015: $777,276Net Income 2015: -$243,5252015Revenue 2016: $513,816Expenses 2016: $750,919Net Income 2016: -$237,1032016Revenue 2017: $595,484Expenses 2017: $758,357Net Income 2017: -$162,8732017Revenue 2018: $764,754Expenses 2018: $1,429,311Net Income 2018: -$664,5572018Revenue 2019: $837,334Expenses 2019: $695,936Net Income 2019: $141,3982019Revenue 2020: $432,344Expenses 2020: $449,886Net Income 2020: -$17,5422020Revenue 2021: $402,126Expenses 2021: $442,280Net Income 2021: -$40,1542021Revenue 2022: $350,179Expenses 2022: $444,123Net Income 2022: -$93,9442022Revenue 2023: $507,986Expenses 2023: $529,268Net Income 2023: -$21,2822023Revenue 2024: $958,147Expenses 2024: $563,573Net Income 2024: $394,5742024

Highlighted filing

2019

Revenue$837,334
Expenses$695,936
Net Income$141,398
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 14, 2020
Return Version
2019v5.0
Gross Receipts
$837,334
Mission and Program Overview

Mission

York county economic development corporation is engaged in the promotion of industrial and economic development throughout york county.

Promotion of industrial and economic development throughout york county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,361,713$2,245,530▼ $116,183
Savings and Temporary Cash Investments$976,006$457,449▼ $518,557
Prepaid Expenses and Deferred Charges$25,159$22,744▼ $2,415
Accounts Receivable$7,865$16,355▲ $8,490
Pledges and Grants Receivable$150,000$5,201▼ $144,799
Other Notes and Loans Receivable, Net$5,000--
Total Assets$6,639,917$5,007,718▼ $1,632,199
Other Assets Total$3,114,174$2,260,439▼ $853,735
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,855,622$2,260,439▼ $1,595,183
Accounts Payable and Accrued Expenses$173,516$44,428▼ $129,088
Other Liabilities$20,136$17,636▼ $2,500
Deferred Revenue$56,842$10,016▼ $46,826
Total Liabilities$4,106,116$2,332,519▼ $1,773,597
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,533,801$2,675,199▲ $141,398
Total Net Assets Fund Balance$2,533,801$2,675,199▲ $141,398
Total Liabilities and Net Assets / Fund Balance$6,639,917$5,007,718▼ $1,632,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,245,530$3,104,922$5,350,452
Other Assets Org$2,260,439--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kevin SchreiberPresident &PT$196,349$196,349
Silas ChamberlinVP, Ec. & CoPT$130,540$130,540
Nancy BarryVP, Operatio-$130,450$130,450
Revenue and Support

Revenue Composition

Contributions and Grants
$368,201
Program Service Revenue
$463,250
Investment Income
$5,883
Other Revenue
$0
Change in Net Assets
$141,398

Audited Revenue Reconciliation

Revenue per Audited Statements
$837,334
Total Revenue per Audited Statements
$837,334
Total Revenue per Form 990
$837,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$695,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$261,898
Depreciation Depletion---$225,831
Fees for Services Other---$29,387
Insurance---$17,984
Fees for Services Accounting---$12,250
Interest---$8,287
Office Expenses---$4,565
Fees for Services Legal---$3,045
Other Expenses---$2,488
Total Functional Expenses$0$0$0$695,936

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$695,936
Total Expenses per Audited Statements$695,936
Total Expenses per Form 990$695,936
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
Tenant Security Deposits$17,636
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The sole member of the corporation is the york county economic alliance.

Form 990, Page 6, Part VI, Line 7A

The york county economic alliance elects the board members of the organization.

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to the board of directors for final approval. The finance committee performs a review of form 990 before final approval and will make recommendations to the board before being filed.

Form 990, Page 6, Part VI, Line 12C

New board members are provided with a copy of the ycedc's conflict of interest policy. If there is an issue that appears to present a conflict, the ycedc's management will discuss with legal counsel for a determination. If legal counsel believes there is any possibility of a conflict of interest, that board member will abstain from any votes related to the issue.

Form 990, Page 6, Part VI, Line 15A

All compensation is paid out of the related organization (ycea) and is reviewed and approved by the ycea's governance committee. They are provided with industry compensation surveys, and, in the case of the president and ceo, they also evaluate compensation levels of other community non-profit ceo's.

Form 990, Page 6, Part VI, Line 15B

All compensation is paid out of the related organization (ycea) and is reviewed and approved by the ycea's governance committee. They are provided with industry compensation surveys, and, in the case of the president and ceo, they also evaluate compensation levels of other community non-profit ceo's.

Form 990, Page 6, Part VI, Line 19

The organization makes the governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
York County Economic Development
EIN
23-1544682
Phone
7178468879
Address
144 ROOSEVELT AVENUE SUITE 100, YORK, PA 17401

Signing Officer

Name
Kevin Schreiber
Title
President & CEO
Phone
7178468879
Signed
2020-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Schreiber
Formed
1958
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
20

Preparer

Firm
Brown Schultz Sheridan & Fritz
Address
195 STOCK STREET STE 311, HANOVER, PA 17331
Preparer
Wanda K Lynn CPA
Phone
7176377300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference 88,552

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is incorporated under the laws of the commonwealth of pennsylvania as a nonprofit organization. The organization has elected under provisions of internal revenue code section 501(c)(6) and state income tax statutes to be excluded from taxes on exempt funciton income. Therefore, no provision is made for taxes on income.

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 88,552

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP, EC. & CO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP, OPERATIO
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE CHAIR
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0YORK COUNTY ECONOMIC DEVELOPMENT CORPORATION IS ENGAGED IN THE PROMOTION OF INDUSTRIAL AND ECONOMIC DEVELOPMENT THROUGHOUT YORK COUNTY.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OfficeExpensesGrp/TotalAmt04565
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
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IRS990/OtherAssetsTotalGrp/BOYAmt03114174
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IRS990/OtherExpensesGrp/Desc0GRANT EXP - ENGINEERING
IRS990/OtherExpensesGrp/Desc1LOAN AND BANK FEES
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IRS990/OtherExpensesGrp/TotalAmt12488
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05201
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IRS990/PrincipalOfficerNm0KEVIN SCHREIBER
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SHARED USER SERVICE
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0343835
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1112374
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27041
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27041
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0837334
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA AS A NONPROFIT ORGANIZATION. THE ORGANIZATION HAS ELECTED UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(6) AND STATE INCOME TAX STATUTES TO BE EXCLUDED FROM TAXES ON EXEMPT FUNCITON INCOME. THEREFORE, NO PROVISION IS MADE FOR TAXES ON INCOME.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 88,552
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02260439
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IRS990ScheduleD/TotalLiabilityAmt017636
IRS990ScheduleD/TotalRevenuePerForm990Amt0837334
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN SCHREIBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0196349
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE RELATED ORGANIZATION UTILIZES A GOVERNANCE COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR GOVERNANCE COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE CORPORATION IS THE YORK COUNTY ECONOMIC ALLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE YORK COUNTY ECONOMIC ALLIANCE ELECTS THE BOARD MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. THE FINANCE COMMITTEE PERFORMS A REVIEW OF FORM 990 BEFORE FINAL APPROVAL AND WILL MAKE RECOMMENDATIONS TO THE BOARD BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEW BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE YCEDC'S CONFLICT OF INTEREST POLICY. IF THERE IS AN ISSUE THAT APPEARS TO PRESENT A CONFLICT, THE YCEDC'S MANAGEMENT WILL DISCUSS WITH LEGAL COUNSEL FOR A DETERMINATION. IF LEGAL COUNSEL BELIEVES THERE IS ANY POSSIBILITY OF A CONFLICT OF INTEREST, THAT BOARD MEMBER WILL ABSTAIN FROM ANY VOTES RELATED TO THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL COMPENSATION IS PAID OUT OF THE RELATED ORGANIZATION (YCEA) AND IS REVIEWED AND APPROVED BY THE YCEA'S GOVERNANCE COMMITTEE. THEY ARE PROVIDED WITH INDUSTRY COMPENSATION SURVEYS, AND, IN THE CASE OF THE PRESIDENT AND CEO, THEY ALSO EVALUATE COMPENSATION LEVELS OF OTHER COMMUNITY NON-PROFIT CEO'S.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.70$0.80$2.90$0.96$0.56$0.39
2023Detailed filing. Detailed filing data is available for this year.$4.01$1.51$2.50$0.51$0.53$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.32$1.79$2.52$0.35$0.44$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.04$0.42$2.62$0.40$0.44$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.27$0.61$2.66$0.43$0.45$0.02
2019Detailed filing. Detailed filing data is available for this year.$5.01$2.33$2.68$0.84$0.70$0.14
2018Detailed filing. Detailed filing data is available for this year.$6.64$4.11$2.53$0.76$1.43$0.66
2017Detailed filing. Detailed filing data is available for this year.$9.89$6.69$3.20$0.60$0.76$0.16
2016Detailed filing. Detailed filing data is available for this year.$10.6$7.28$3.36$0.51$0.75$0.24
2015Detailed filing. Detailed filing data is available for this year.$11.3$7.74$3.60$0.53$0.78$0.24
2014Detailed filing. Detailed filing data is available for this year.$8.97$5.13$3.84$0.47$0.73$0.26
2013Summary only. Only limited summary data is available for this year.$9.54$5.44$4.10$0.48$0.76$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$5.80$4.39$0.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$5.24$4.70$2.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$5.93$4.94$2.70
Peer Organizations

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