Civic Intelligence

Allentown Economic Development Corporation

990 • Fiscal year 2018 • EIN 23-2101393

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 23, 2019

905 Harrision StAllentown, PA 18103

(610) 435-8890

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.18x

Higher debt load relative to assets than 42% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

3.34x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

12th percentile

-13%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

17th percentile

$130,224

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

51st percentile

2.7%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-23%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$29,169,004

Up $759,672 (+2.7%) from 2017

Net Assets

Down

$23,898,535

Down $882,501 (-3.6%) from 2017

Liabilities

Up

$5,270,469

Up $1,642,173 (+45%) from 2017

Revenue

Down

$1,577,103

Down $465,247 (-23%) from 2017

Expenses

Up

$1,775,878

Up $186,033 (+12%) from 2017

Net Income

Down

-$198,775

Down $651,280 (-144%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $28,741,447Liabilities 2011: $4,893,402Net Assets 2011: $23,848,0452011Assets 2012: $28,120,975Liabilities 2012: $4,556,644Net Assets 2012: $23,564,3312012Assets 2013: $28,691,295Liabilities 2013: $4,343,146Net Assets 2013: $24,348,1492013Assets 2014: $29,510,323Liabilities 2014: $4,378,588Net Assets 2014: $25,131,7352014Assets 2015: $27,910,115Liabilities 2015: $3,779,019Net Assets 2015: $24,131,0962015Assets 2016: $28,002,532Liabilities 2016: $3,674,001Net Assets 2016: $24,328,5312016Assets 2017: $28,409,332Liabilities 2017: $3,628,296Net Assets 2017: $24,781,0362017Assets 2018: $29,169,004Liabilities 2018: $5,270,469Net Assets 2018: $23,898,5352018Assets 2019: $28,589,201Liabilities 2019: $5,460,864Net Assets 2019: $23,128,3372019Assets 2020: $28,881,129Liabilities 2020: $5,716,438Net Assets 2020: $23,164,6912020Assets 2021: $28,611,870Liabilities 2021: $5,610,113Net Assets 2021: $23,001,7572021Assets 2022: $29,276,532Liabilities 2022: $5,519,440Net Assets 2022: $23,757,0922022Assets 2023: $14,594,861Liabilities 2023: $6,675,097Net Assets 2023: $7,919,7642023Assets 2024: $11,184,689Liabilities 2024: $3,715,333Net Assets 2024: $7,469,3562024

Highlighted filing

2018

Assets$29,169,004
Liabilities$5,270,469
Net Assets$23,898,535

Operations Trend

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

$5.0M$0-$5.0M-$10M-$15M-$20MRevenue 2011: $1,676,645Expenses 2011: $1,978,750Net Income 2011: -$302,1052011Expenses 2012: $1,648,3532012Expenses 2013: $1,491,8992013Revenue 2014: $2,391,678Expenses 2014: $1,608,092Net Income 2014: $783,5862014Revenue 2015: $686,645Expenses 2015: $1,687,284Net Income 2015: -$1,000,6392015Revenue 2016: $1,833,125Expenses 2016: $1,635,691Net Income 2016: $197,4342016Revenue 2017: $2,042,350Expenses 2017: $1,589,845Net Income 2017: $452,5052017Revenue 2018: $1,577,103Expenses 2018: $1,775,878Net Income 2018: -$198,7752018Revenue 2019: $982,360Expenses 2019: $1,752,558Net Income 2019: -$770,1982019Revenue 2020: $1,730,835Expenses 2020: $1,694,481Net Income 2020: $36,3542020Revenue 2021: $1,731,246Expenses 2021: $1,894,181Net Income 2021: -$162,9352021Revenue 2022: $2,229,356Expenses 2022: $1,882,934Net Income 2022: $346,4222022Revenue 2023: -$13,870,273Expenses 2023: $1,967,055Net Income 2023: -$15,837,3282023Revenue 2024: $1,706,842Expenses 2024: $2,157,250Net Income 2024: -$450,4082024

Highlighted filing

2018

Revenue$1,577,103
Expenses$1,775,878
Net Income-$198,775
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 23, 2019
Return Version
2017v2.3
Gross Receipts
$1,577,103
Mission and Program Overview

Mission

To proactively identify, encourage, manage and develop strategic business opportunities for the benefit of allentown, its citizens, and the lehigh valley.

To proactively identify, encourage, and develop business opportunities for the lehigh valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,988,445$25,534,700▲ $546,255
Savings and Temporary Cash Investments$2,029,009$2,005,284▼ $23,725
Other Notes and Loans Receivable, Net$1,145,108$1,472,160▲ $327,052
Cash and Non-Interest-Bearing Accounts$82,452$83,134▲ $682
Accounts Receivable$154,318$63,726▼ $90,592
Total Assets$28,409,332$29,169,004▲ $759,672
Other Assets Total$10,000$10,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,356,997$4,662,510▲ $1,305,513
Other Liabilities$0$454,000▲ $454,000
Escrow Account Liability$81,560$83,944▲ $2,384
Deferred Revenue$35,729$40,875▲ $5,146
Accounts Payable and Accrued Expenses$154,010$29,140▼ $124,870
Total Liabilities$3,628,296$5,270,469▲ $1,642,173
Net Assets / Fund Balance
Unrestricted Net Assets$22,366,813$21,578,958▼ $787,855
Permanently Rstr Net Assets$2,406,746$2,313,853▼ $92,893
Temporarily Rstr Net Assets$7,477$5,724▼ $1,753
Total Net Assets Fund Balance$24,781,036$23,898,535▼ $882,501
Total Liabilities and Net Assets / Fund Balance$28,409,332$29,169,004▲ $759,672

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,129,012$6,163,510$12,033,558
Land$364,199-$364,199
Equipment$41,489$150,683$192,172
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
R Scott UngerExecutive DirectorFT$113,827$16,397$130,224

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$25,000
Program Service Revenue
$1,501,050
Investment Income
$35,732
Other Revenue
$15,321
All Other Contributions
$20,000
Change in Net Assets
$-198,775

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,577,103
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$646,225
Total Revenue per Audited Statements
$2,223,328
Total Revenue per Form 990
$1,577,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,136,312
Salaries, Compensation, and Employee Benefits$639,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$394,996--$394,996
Other Salaries and Wages$255,317$124,713-$380,030
Occupancy$202,549$3,313-$205,862
Interest$135,144$2,468-$137,612
Current Officers, Directors, Trustees, and Key Employees$27,782$104,512-$132,294
Insurance$58,763$20,325-$79,088
Other Employee Benefits$43,571$27,639-$71,210
Fees for Services Legal-$40,720-$40,720
Fees for Services Other$128$39,950-$40,078
Payroll Taxes$21,394$16,536-$37,930
Pension Plan Contributions$12,669$5,433-$18,102
Other Expenses$3,000$14,514-$17,514
Fees for Services Accounting-$15,500-$15,500
Travel$4,626$1,957-$6,583
Office Expenses$273$4,495-$4,768
Advertising$108$4,617-$4,725
All Other Expenses$1,421$833-$2,254
Total Functional Expenses$1,348,353$427,525$0$1,775,878

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,422,103
Expenses per Audited Statements$1,775,878
Total Expenses per Form 990$1,775,878
Expenses Not Reported on Form 990$646,225
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Grant Proceeds$454,000
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is submitted to the treasurer for review. In addition, executive director & treasurer approved the document prior to submission

Form 990, Part VI, Section B, Line 12C

As per the conflict of interest policy that is signed by every board member, it is required that they disclose knowledge of a conflict to the board. This has to be disclosed prior to start of any consideration of the matter or as soon as one is aware of any potential, apparent, or actual conflict.

Form 990, Part VI, Section B, Line 15A

The bylaws of aedc establish a compensation committee that has general oversight of the organization's human resource plan. Specific duties include yearly evaluation of the chief executive of the organization. A competent salary survey shall be used to benchmark compensation for the position utilizing iedc salary survey and other studies. The committee meets independently of the chief executive to discuss performance relative to the position description. During these deliberations, the committee also considers input obtained from other board members, staff, professional advisors, grant recipients, and other informed community leaders.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Allentown Economic Development
EIN
23-2101393
Phone
6104358890
Address
905 HARRISION ST, ALLENTOWN, PA 18103

Signing Officer

Name
R Scott Unger
Title
Executive Director
Phone
6104358890
Signed
2019-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Scott Unger
Formed
1979
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
8
Volunteers
13

Preparer

Firm
Campbell Rappold & Yurasits Llp
Address
1033 S CEDAR CREST BLVD, ALLENTOWN, PA 18103-5443
Preparer
John R Zayaitz CPA
Phone
6104357489
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes were made to the oversight of the review of the financial statements.

Financial Statement Notes

PART X, LINE 2:

The corporation operates as a not-for-profit corporation in the commonwealth of pennsylvania and is exempt from federal income taxes under the provision of section 501 (c)(3) of the internal revenue code and none of its present or anticipated future activities are subject to unrelated business income. Therefore, no provision for income taxes has been made in the accompanying financial statements. Uncertain tax positions are evaluated in accordance with fasb asc 740-10. Fasb asc 740-10 clarifies the accounting for uncertainty in income taxes recognized in the corporation's financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Fasb asc 740-10 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, and disclosure. The corporation had no material unrecognized tax benefits or accrued interest or penalties. The corporation files income tax returns in the united states. The corporation's tax years june, 30, 2014 and forward remain open for examination by federal and state taxing authorities.

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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01577103
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt020325
IRS990/InsuranceGrp/ProgramServicesAmt058763
IRS990/InsuranceGrp/TotalAmt079088
IRS990/InterestGrp/ManagementAndGeneralAmt02468
IRS990/InterestGrp/ProgramServicesAmt0135144
IRS990/InterestGrp/TotalAmt0137612
IRS990/InvestmentIncomeGrp/ExclusionAmt035732
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035732
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06314193
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024988445
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025534700
IRS990/LandBldgEquipCostOrOtherBssAmt031848893
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROACTIVELY IDENTIFY, ENCOURAGE, MANAGE AND DEVELOP STRATEGIC BUSINESS OPPORTUNITIES FOR THE BENEFIT OF ALLENTOWN, ITS CITIZENS, AND THE LEHIGH VALLEY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03356997
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04662510
IRS990/NetAssetsOrFundBalancesBOYAmt024781036
IRS990/NetAssetsOrFundBalancesEOYAmt023898535
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03313
IRS990/OccupancyGrp/ProgramServicesAmt0202549
IRS990/OccupancyGrp/TotalAmt0205862
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04495
IRS990/OfficeExpensesGrp/ProgramServicesAmt0273
IRS990/OfficeExpensesGrp/TotalAmt04768
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010000
IRS990/OtherAssetsTotalGrp/EOYAmt010000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027639
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043571
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071210
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014514
IRS990/OtherExpensesGrp/ProgramServicesAmt079386
IRS990/OtherExpensesGrp/ProgramServicesAmt174447
IRS990/OtherExpensesGrp/ProgramServicesAmt232779
IRS990/OtherExpensesGrp/ProgramServicesAmt33000
IRS990/OtherExpensesGrp/TotalAmt079386
IRS990/OtherExpensesGrp/TotalAmt174447
IRS990/OtherExpensesGrp/TotalAmt232779
IRS990/OtherExpensesGrp/TotalAmt317514
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0454000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015321
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015321
IRS990/OtherRevenueTotalAmt015321
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0124713
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0255317
IRS990/OtherSalariesAndWagesGrp/TotalAmt0380030
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01145108
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01472160
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016536
IRS990/PayrollTaxesGrp/ProgramServicesAmt021394
IRS990/PayrollTaxesGrp/TotalAmt037930
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05433
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012669
IRS990/PensionPlanContributionsGrp/TotalAmt018102
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02406746
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02313853
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0R SCOTT UNGER
IRS990/PriorPeriodAdjustmentsAmt0-683726
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0PROPERTY MANAGEMENT
IRS990/ProgramServiceRevenueGrp/Desc1BUSINESS INCUBATION
IRS990/ProgramServiceRevenueGrp/Desc2LENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01064292
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1394478
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01064292
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1394478
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242280
IRS990/ProgSrvcAccomActy2Grp/Desc0DEVELOPMENT PROJECTS: DEVELOPMENT OF ACQUIRED PROPERTIES THAT WERE EITHER BLIGHTED OR UNDERUTILIZED. CREATE NEW JOBS AND FURTHER ECONOMIC DEVELOPMENT BY GETTING THESE PROPERTIES TO A SUSTAINABLE USE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt038183
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0INCUBATION: ENCOURAGING AND FOSTERING THE DEVELOPMENT OF ECONOMIC GROWTH THROUGH THE ESTABLISHMENT AND MAINTENANCE OF A SMALL BUSINESS INCUBATOR FACILITY WHERE NEW AND GROWING BUSINESSES OPERATE UNDER ONE ROOF WITH LOW COST RENTAL, SHARED SERVICES AND EQUIPMENT, AND ACCESS TO PROFESSIONAL, TECHNICAL AND FINANCIAL PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0473195
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0394478
IRS990/ProgSrvcAccomActyOtherGrp/Desc01) BUSINESS RETENTION & EXPANSION: PROGRAM TO RETAIN AND EXPAND BUSINESSES IN ORDER TO BRINGS JOBS AND DEVELOP THE CITY. 2) BUSINESS INCUBATION: PROGRAM FOR BUSINESS START-UPS WHERE CAPITAL ASSISTANCE, SHARED SERVICES, AND ENTREPRENEURIAL EDUCATION IS OFFERED.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0187539
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt057601
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0440963
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt090837
IRS990/PYOtherExpensesAmt01028821
IRS990/PYOtherRevenueAmt040771
IRS990/PYProgramServiceRevenueAmt01469779
IRS990/PYRevenuesLessExpensesAmt0452505
IRS990/PYSalariesCompEmpBnftPaidAmt0561024
IRS990/PYTotalExpensesAmt01589845
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02042350
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-198775
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01064292
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02029009
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02005284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt047500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0430963
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt047481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0182150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01051719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01759813
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029065
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt067937
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036722
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034861
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034307
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0202892
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07858831
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89660
IRS990ScheduleA/PublicSupportPY170Pct00.92750
IRS990ScheduleA/PublicSupportTotal170Amt01759813
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt047500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0430963
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt047481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0182150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01051719
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01759813
IRS990ScheduleA/TotalSupportAmt01962705
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt025129012
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06163510
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt019258964
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012033558
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0646225
IRS990ScheduleD/EquipmentGrp/BookValueAmt041489
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0150683
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0192172
IRS990ScheduleD/ExpensesNotReportedAmt0646225
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01775878
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt0364199
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0364199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0454000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE GRANT PROCEEDS
IRS990ScheduleD/PriorYearAdjustmentsAmt0646225
IRS990ScheduleD/RevenueNotReportedAmt0646225
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01577103
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION OPERATES AS A NOT-FOR-PROFIT CORPORATION IN THE COMMONWEALTH OF PENNSYLVANIA AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISION OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND NONE OF ITS PRESENT OR ANTICIPATED FUTURE ACTIVITIES ARE SUBJECT TO UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. UNCERTAIN TAX POSITIONS ARE EVALUATED IN ACCORDANCE WITH FASB ASC 740-10. FASB ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CORPORATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. FASB ASC 740-10 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. THE CORPORATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR ACCRUED INTEREST OR PENALTIES. THE CORPORATION FILES INCOME TAX RETURNS IN THE UNITED STATES. THE CORPORATION'S TAX YEARS JUNE, 30, 2014 AND FORWARD REMAIN OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025534700
IRS990ScheduleD/TotalExpensesPerForm990Amt01775878
IRS990ScheduleD/TotalLiabilityAmt0454000
IRS990ScheduleD/TotalRevenuePerForm990Amt01577103

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$3.72$7.47$1.71$2.16$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$6.68$7.92$13.9$1.97$15.8
2022Detailed filing. Detailed filing data is available for this year.$29.3$5.52$23.8$2.23$1.88$0.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$5.61$23.0$1.73$1.89$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$5.72$23.2$1.73$1.69$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$5.46$23.1$0.98$1.75$0.77
2018Detailed filing. Detailed filing data is available for this year.$29.2$5.27$23.9$1.58$1.78$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$3.63$24.8$2.04$1.59$0.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$3.67$24.3$1.83$1.64$0.20
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.9$3.78$24.1$0.69$1.69$1.00
2014Detailed filing. Detailed filing data is available for this year.$29.5$4.38$25.1$2.39$1.61$0.78
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$4.34$24.3$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$4.56$23.6$1.65
2011Summary only. Only limited summary data is available for this year.$28.7$4.89$23.8$1.68$1.98$0.30