Civic Intelligence

Delaware County Economic Development Oversight Board

990 • Fiscal year 2015 • EIN 23-2607596

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 29, 2016

100 West 6th Street No 100Media, PA 19063

(610) 566-2225

Siviq Scores

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

Liabilities / Assets

49th percentile

0.08x

Higher debt load relative to assets than 49% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.14x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Net Margin

31st percentile

-1.1%

Higher net margin than 31% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

45th percentile

0.3%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

6.1%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,227,386

Up $4,269 (+0.3%) from 2014

Net Assets

Down

$1,127,863

Down $7,832 (-0.7%) from 2014

Liabilities

Up

$99,523

Up $12,101 (+14%) from 2014

Revenue

Up

$691,353

Up $39,877 (+6.1%) from 2014

Expenses

Up

$699,184

Up $1,645 (+0.2%) from 2014

Net Income

Up

-$7,831

Up $38,232 (+83%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,741,514Liabilities 2010: $164,585Net Assets 2010: $1,576,9292010Assets 2011: $1,280,214Liabilities 2011: $86,684Net Assets 2011: $1,193,5302011Assets 2012: $1,286,678Liabilities 2012: $89,992Net Assets 2012: $1,196,6862012Assets 2013: $1,275,730Liabilities 2013: $93,972Net Assets 2013: $1,181,7582013Assets 2014: $1,223,117Liabilities 2014: $87,422Net Assets 2014: $1,135,6952014Assets 2015: $1,227,386Liabilities 2015: $99,523Net Assets 2015: $1,127,8632015Assets 2016: $1,211,061Liabilities 2016: $89,190Net Assets 2016: $1,121,8712016Assets 2017: $1,215,682Liabilities 2017: $118,924Net Assets 2017: $1,096,7582017Assets 2018: $1,332,350Liabilities 2018: $95,948Net Assets 2018: $1,236,4022018Assets 2019: $1,055,119Liabilities 2019: $97,310Net Assets 2019: $957,8092019Assets 2020: $1,314,007Liabilities 2020: $110,860Net Assets 2020: $1,203,1472020Assets 2021: $2,255,958Liabilities 2021: $855,182Net Assets 2021: $1,400,7762021Assets 2022: $2,260,035Liabilities 2022: $519,071Net Assets 2022: $1,740,9642022Assets 2023: $2,413,297Liabilities 2023: $454,187Net Assets 2023: $1,959,1102023Assets 2024: $2,476,583Liabilities 2024: $337,803Net Assets 2024: $2,138,7802024

Highlighted filing

2015

Assets$1,227,386
Liabilities$99,523
Net Assets$1,127,863

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $791,7162010Expenses 2011: $1,000,4712011Expenses 2012: $689,0252012Revenue 2013: $664,503Expenses 2013: $679,431Net Income 2013: -$14,9282013Revenue 2014: $651,476Expenses 2014: $697,539Net Income 2014: -$46,0632014Revenue 2015: $691,353Expenses 2015: $699,184Net Income 2015: -$7,8312015Revenue 2016: $661,025Expenses 2016: $667,017Net Income 2016: -$5,9922016Revenue 2017: $665,914Expenses 2017: $691,027Net Income 2017: -$25,1132017Revenue 2018: $868,520Expenses 2018: $728,876Net Income 2018: $139,6442018Revenue 2019: $824,092Expenses 2019: $1,102,685Net Income 2019: -$278,5932019Revenue 2020: $12,649,452Expenses 2020: $12,404,114Net Income 2020: $245,3382020Revenue 2021: $10,697,300Expenses 2021: $10,499,671Net Income 2021: $197,6292021Revenue 2022: $1,728,811Expenses 2022: $1,388,623Net Income 2022: $340,1882022Revenue 2023: $1,242,055Expenses 2023: $940,532Net Income 2023: $301,5232023Revenue 2024: $1,261,433Expenses 2024: $1,081,762Net Income 2024: $179,6712024

Highlighted filing

2015

Revenue$691,353
Expenses$699,184
Net Income-$7,831
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 29, 2016
Return Version
2015v2.1
Gross Receipts
$691,353
Mission and Program Overview

Mission

To promote new business and assist existing businesses in delaware county, pa to create employment opportunities

To promote economic development in delaware county pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$540,772$568,778▲ $28,006
Accounts Receivable$94,371$0▼ $94,371
Prepaid Expenses and Deferred Charges$32,020$11,781▼ $20,239
Land, Buildings, and Equipment, Net$7,540$0▼ $7,540
Total Assets$1,223,117$1,227,386▲ $4,269
Other Assets Total$548,414$646,827▲ $98,413
Liabilities
Deferred Revenue$75,000$75,000→ $0
Accounts Payable and Accrued Expenses$12,173$24,274▲ $12,101
Other Liabilities$242$242→ $0
Escrow Account Liability$7$7→ $0
Total Liabilities$87,422$99,523▲ $12,101
Net Assets / Fund Balance
Unrestricted Net Assets$1,135,695$1,127,863▼ $7,832
Total Net Assets Fund Balance$1,135,695$1,127,863▼ $7,832
Total Liabilities and Net Assets / Fund Balance$1,223,117$1,227,386▲ $4,269

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$107,162$107,162
Other Assets Org$4,913--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank J Catania EsqChairman
Patrick V Larkin JrVice Chairman
J Adam Matlawski EsqBoard Member
Hon Mario J Civera JrAsst Secretary
Paul MullenAsst Treasurer
Hon Dominic a PileggiSecretary
W David Eckard IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$618,244
Investment Income
$5,534
Other Revenue
$67,575
Change in Net Assets
$-7,831

Audited Revenue Reconciliation

Revenue per Audited Statements
$691,353
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$691,353
Total Revenue per Form 990
$691,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$489,389
Other Expenses$209,795
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$169,085$143,801-$312,886
Other Employee Benefits$95,704$40,136-$135,840
Occupancy-$63,875-$63,875
Fees for Services Accounting-$43,500-$43,500
Fees for Services Other-$31,812-$31,812
Payroll Taxes$17,813$7,276-$25,089
Fees for Services Legal$15,609--$15,609
Pension Plan Contributions$11,058$4,516-$15,574
Insurance-$8,464-$8,464
Office Expenses$2,351$5,166-$7,517
All Other Expenses-$6,432-$6,432
Advertising$5,642--$5,642
Depreciation Depletion-$3,436-$3,436
Other Expenses$7,126$2,717-$2,717
Conferences and Meetings$602$1,543-$2,145
Total Functional Expenses$324,990$374,194$0$699,184

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$699,185
Total Expenses per Audited Statements$699,185
Total Expenses per Form 990$699,185
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Commonwealth of Pennsylvania$242
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 11

The executive director reviews form 990 before it is signed and sent to the irs

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

The conflict of interest is distributed annually to board members. They must sign and date the document (date of submission) stating that they are in compliance with the policy or explain why they are not in compliance.

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

The executive director is the director of commerce for delaware county and this is one of his many duties to run this organization. The director is paid by the county of delaware.

Form 990, Part VI, Section C, Line 19

Upon written request made to the management of the organization is the information then given.

Filing and Contact Details

Filer

Filer Name
Delaware County Economic Development
EIN
23-2607596
Phone
6105662225
Address
100 WEST 6TH STREET NO 100, MEDIA, PA 19063

Signing Officer

Name
J Patrick Killian
Title
Executive Director
Phone
6105662225
Signed
2016-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Patrick Killian
Formed
1990
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
0

Preparer

Firm
Leitzell & Economidis Pc
Address
323 WEST FRONT STREET, MEDIA, PA 19063
Preparer
Sterianne C Economidis
Phone
6105665450
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The executive committee of the board of directors oversees the audit of the financial statements and the selection of the independent auditor. The process which the committee follows has not changed in the last fiscal year.

Raw XML Appendix378 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.

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IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0107162
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0107162
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0699185
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0471704
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14046
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2166164
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34913
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM OTHER GOVERNMENTAL ENTITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LOAN RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OHTER CURRENT ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO COMMONWEALTH OF PENNSYLVANIA
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0691353
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0646827
IRS990ScheduleD/TotalExpensesPerForm990Amt0699185
IRS990ScheduleD/TotalLiabilityAmt0242
IRS990ScheduleD/TotalRevenuePerForm990Amt0691353
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0691353
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0699185
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR REVIEWS FORM 990 BEFORE IT IS SIGNED AND SENT TO THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST IS DISTRIBUTED ANNUALLY TO BOARD MEMBERS. THEY MUST SIGN AND DATE THE DOCUMENT (DATE OF SUBMISSION) STATING THAT THEY ARE IN COMPLIANCE WITH THE POLICY OR EXPLAIN WHY THEY ARE NOT IN COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR IS THE DIRECTOR OF COMMERCE FOR DELAWARE COUNTY AND THIS IS ONE OF HIS MANY DUTIES TO RUN THIS ORGANIZATION. THE DIRECTOR IS PAID BY THE COUNTY OF DELAWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN REQUEST MADE TO THE MANAGEMENT OF THE ORGANIZATION IS THE INFORMATION THEN GIVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS WHICH THE COMMITTEE FOLLOWS HAS NOT CHANGED IN THE LAST FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01223117
IRS990/TotalAssetsEOYAmt01227386
IRS990/TotalAssetsGrp/BOYAmt01223117
IRS990/TotalAssetsGrp/EOYAmt01227386
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0374194
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0324990
IRS990/TotalFunctionalExpensesGrp/TotalAmt0699184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087422
IRS990/TotalLiabilitiesEOYAmt099523
IRS990/TotalLiabilitiesGrp/BOYAmt087422
IRS990/TotalLiabilitiesGrp/EOYAmt099523
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01135695
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01127863
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0324990
IRS990/TotalProgramServiceRevenueAmt0618244
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0691353
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0691353
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01223117
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01227386
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01135695
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01127863
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 WEST 6TH STREET STE 100
IRS990/USAddress/CityNm0MEDIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019063
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0J PATRICK KILLIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06105662225
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DELAWARE COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OVERSIGHT BOARD
ReturnHeader/Filer/BusinessNameControlTxt0DELA
ReturnHeader/Filer/EIN0232607596
ReturnHeader/Filer/PhoneNum06105662225
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 WEST 6TH STREET NO 100
ReturnHeader/Filer/USAddress/CityNm0MEDIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019063
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0743068464
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEITZELL & ECONOMIDIS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0323 WEST FRONT STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEDIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019063
ReturnHeader/PreparerPersonGrp/PhoneNum06105665450
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STERIANNE C ECONOMIDIS
ReturnHeader/ReturnTs02016-10-07T12:36:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.48$0.34$2.14$1.26$1.08$0.18
2023Summary only. Only limited summary data is available for this year.$2.41$0.45$1.96$1.24$0.94$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.52$1.74$1.73$1.39$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.86$1.40$10.7$10.5$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.11$1.20$12.6$12.4$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.10$0.96$0.82$1.10$0.28
2018Summary only. Only limited summary data is available for this year.$1.33$0.10$1.24$0.87$0.73$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.12$1.10$0.67$0.69$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.09$1.12$0.66$0.67$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.10$1.13$0.69$0.70$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.09$1.14$0.65$0.70$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.28$0.09$1.18$0.66$0.68$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.09$1.20$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.09$1.19$1.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.16$1.58$0.79
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)4 • $1M-$5M nonprofits