Civic Intelligence

Lehigh Valley Economic Development Corporation (Lvedc)

990 • Fiscal year 2016 • EIN 23-2798276

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 20, 2017

Organization Profilewww.lehighvalley.org

View Organization Page

2158 Avenue C Suite 200Bethlehem, PA 18017

(610) 266-6775

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.20x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.19x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

41st percentile

-0.2%

Higher net margin than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

91st percentile

$222,253

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-4.0%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

2.3%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$2,679,446

Down $112,789 (-4.0%) from 2015

Net Assets

Up

$2,143,859

Up $119,289 (+5.9%) from 2015

Liabilities

Down

$535,587

Down $232,078 (-30%) from 2015

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin41st percentile

Revenue

Up

$2,892,411

Up $64,371 (+2.3%) from 2015

Expenses

Up

$2,899,431

Up $150,724 (+5.5%) from 2015

Net Income

Down

-$7,020

Down $86,353 (-109%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,653,179Liabilities 2010: $616,181Net Assets 2010: $2,036,9982010Assets 2011: $2,741,645Liabilities 2011: $644,443Net Assets 2011: $2,097,2022011Assets 2012: $3,192,420Liabilities 2012: $979,876Net Assets 2012: $2,212,5442012Assets 2013: $3,036,268Liabilities 2013: $999,701Net Assets 2013: $2,036,5672013Assets 2014: $3,585,633Liabilities 2014: $1,649,544Net Assets 2014: $1,936,0892014Assets 2015: $2,792,235Liabilities 2015: $767,665Net Assets 2015: $2,024,5702015Assets 2016: $2,679,446Liabilities 2016: $535,587Net Assets 2016: $2,143,8592016Assets 2017: $2,612,625Liabilities 2017: $587,604Net Assets 2017: $2,025,0212017Assets 2018: $2,441,280Liabilities 2018: $349,569Net Assets 2018: $2,091,7112018Assets 2019: $2,409,923Liabilities 2019: $220,007Net Assets 2019: $2,189,9162019Assets 2020: $2,734,506Liabilities 2020: $445,619Net Assets 2020: $2,288,8872020Assets 2021: $3,898,442Liabilities 2021: $573,929Net Assets 2021: $3,324,5132021Assets 2022: $6,009,502Liabilities 2022: $2,546,535Net Assets 2022: $3,462,9672022Assets 2023: $6,107,133Liabilities 2023: $2,425,730Net Assets 2023: $3,681,4032023Assets 2024: $5,938,614Liabilities 2024: $2,266,563Net Assets 2024: $3,672,0512024

Highlighted filing

2016

Assets$2,679,446
Liabilities$535,587
Net Assets$2,143,859
Open 2016 Filing

Operations Trend

Revenue Growth49th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,643,8382010Revenue 2011: $2,809,067Expenses 2011: $2,748,863Net Income 2011: $60,2042011Expenses 2012: $3,250,8832012Revenue 2013: $3,767,617Expenses 2013: $3,943,594Net Income 2013: -$175,9772013Revenue 2014: $4,435,470Expenses 2014: $4,535,948Net Income 2014: -$100,4782014Revenue 2015: $2,828,040Expenses 2015: $2,748,707Net Income 2015: $79,3332015Revenue 2016: $2,892,411Expenses 2016: $2,899,431Net Income 2016: -$7,0202016Revenue 2017: $3,092,468Expenses 2017: $3,211,306Net Income 2017: -$118,8382017Revenue 2018: $3,051,975Expenses 2018: $2,985,285Net Income 2018: $66,6902018Revenue 2019: $3,085,817Expenses 2019: $2,987,612Net Income 2019: $98,2052019Revenue 2020: $4,906,265Expenses 2020: $4,807,294Net Income 2020: $98,9712020Revenue 2021: $6,020,924Expenses 2021: $4,985,298Net Income 2021: $1,035,6262021Revenue 2022: $3,199,006Expenses 2022: $3,060,552Net Income 2022: $138,4542022Revenue 2023: $3,329,962Expenses 2023: $3,111,526Net Income 2023: $218,4362023Revenue 2024: $3,337,616Expenses 2024: $3,346,968Net Income 2024: -$9,3522024

Highlighted filing

2016

Revenue$2,892,411
Expenses$2,899,431
Net Income-$7,020
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 20, 2017
Return Version
2016v3.0
Gross Receipts
$2,892,411
Mission and Program Overview

Mission

The mission of the lehigh valley economic development corporation is to market the economic assets of the lehigh valley and to create partnerships to support the recruitment, growth, and retention of employers and the creation of jobs for people of all skill and education levels.

Lehigh Valley Economic Development Corporation's mission is to promote economic prosperity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,111,343$1,158,317▲ $46,974
Cash and Non-Interest-Bearing Accounts$1,001,127$808,543▼ $192,584
Accounts Receivable$393,479$448,189▲ $54,710
Other Notes and Loans Receivable, Net$140,355$121,356▼ $18,999
Land, Buildings, and Equipment, Net$117,288$92,581▼ $24,707
Prepaid Expenses and Deferred Charges$18,941$39,358▲ $20,417
Total Assets$2,792,235$2,679,446▼ $112,789
Other Assets Total$9,702$11,102▲ $1,400
Liabilities
Accounts Payable and Accrued Expenses$271,654$242,965▼ $28,689
Unsecured Notes Loans Payable$200,000$200,000→ $0
Escrow Account Liability$50,000$55,000▲ $5,000
Other Liabilities$21,162$24,622▲ $3,460
Deferred Revenue$224,849$13,000▼ $211,849
Total Liabilities$767,665$535,587▼ $232,078
Net Assets / Fund Balance
Unrestricted Net Assets$1,331,653$1,892,657▲ $561,004
Temporarily Rstr Net Assets$692,917$251,202▼ $441,715
Total Net Assets Fund Balance$2,024,570$2,143,859▲ $119,289
Total Liabilities and Net Assets / Fund Balance$2,792,235$2,679,446▼ $112,789

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$92,581$279,359$371,940
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald T CunninghamPresident, CEOFT$173,537$48,716$222,253

Board Members and Trustees

NameTitle
Stephen C KalamarChairman
Jane P LongVice Chairman
Andrew HinesBoard Member
Anne BaumBoard Member
Barry WentzelBoard Member
Cindy FeinbergBoard Member
Dan McCarthyBoard Member
Donald BernhardBoard Member
Dr Bryon GrigsbyBoard Member
Edward C DoughertyBoard Member
Gary KinseyBoard Member
Gregory DudkinBoard Member
HOn Ed PawlowskiBoard Member
Hon Brad OsborneBoard Member
Hon John A BrownBoard Member
Hon Robert DonchezBoard Member
Hon Sal Panto JrBoard Member
Hon Seth VaughnBoard Member
Hon Tom MullerBoard Member
Joel FagerstromBoard Member
John L NespoliBoard Member
Lauren GoffBoard Member
Luke R CunninghamBoard Member
Mark JobesBoard Member
Michael StershicBoard Member
Patricia JohnsonBoard Member
Philip M SchenkelBoard Member
R Scott UngerBoard Member
Sally HandlonBoard Member
T Anthony IannelliBoard Member
Tom GarrityBoard Member
Wade WatsonBoard Member
Dr Mark EricksonSecretary
Michael Giglertreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,357,597
Program Service Revenue
$524,645
Investment Income
$10,144
Other Revenue
$25
All Other Contributions
$689,617
Change in Net Assets
$-7,020

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported Amount
Other Non Cash Contri Table$39,417
Total Noncash Contributions$39,417

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,892,411
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,892,411
Total Revenue per Form 990
$2,892,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,534,695
Other Expenses$1,329,736
Total Fundraising Expense$52,735
Grants and Similar Amounts Paid$35,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$685,803$242,453$14,269$942,525
Advertising$275,597$19,255$9,719$304,571
Current Officers, Directors, Trustees, and Key Employees$103,051$173,514$20,023$296,588
Occupancy-$149,066-$149,066
Office Expenses$59,106$66,295-$125,401
Other Employee Benefits$73,687$46,531$4,029$124,247
Fees for Services Other$54,209$57,133-$111,342
Payroll Taxes$67,447$31,479$2,229$101,155
Pension Plan Contributions$47,182$20,937$2,061$70,180
Travel$37,067$13,550$405$51,022
Grants to Domestic Orgs$35,000--$35,000
Depreciation Depletion-$29,683-$29,683
Conferences and Meetings$16,610$11,498-$28,108
Insurance-$22,798-$22,798
Other Expenses$15,262$3,890-$19,152
Fees for Services Accounting-$13,614-$13,614
Fees for Services Legal$1,482$6,395-$7,877
Total Functional Expenses$1,937,070$909,626$52,735$2,899,431

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,899,431
Total Expenses per Audited Statements$2,899,431
Total Expenses per Form 990$2,899,431
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bethlehem Economic Development CorporationBethlehem, PA501(c)3Keystone Innovation Zone Project and Marketing and Development Internship Pr$10,000
Greater Easton Development PartnershipEaston, PA501(c)3Downtown Easton Marketing Initiative and Entrepreneurial Support$10,000
Greater Lehigh Valley Chamber of Commerce FoundationAllentown, PA501(c)3Allentownh and Bethlehem Marketing Initiative$10,000
Allentown Economic Development CorporationAllentown, PA501(c)3Incubator Client Consulting Entrepreneurial Project$5,000
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compensated absences$24,622
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
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 A, line 6

“The Corporation has five classes of membership, businesses in the area of operations, financial institutions, government organizations, community organizations, and individuals. There are approximately 178 paying members including 35 Board Members.”

Form 990, Part VI, Section A, line 7A

“In addition to elected and ex officio Directors, the Chairperson may, with the approval of the Board, appoint not more than five (5) additional Directors, giving consideration to the needs and best interests of the Corporation. Such appointed Directors shall serve until the sooner of the next election of Directors, or until the election of a new Chairperson. In addition to the elected and ex officio Directors, the Chairperson may, with the approval of the Board, appoint to the Board of Directors one or more Directors Emeritus, who shall serve at the pleasure of the Chairperson. Directors Emeritus shall be non-voting members of the Board, who may attend and speak at Board meetings and provide such other advice and assistance to the Corporation as shall be appropriate.”

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

“A copy of the Form 990 is provided to the Corporation's governing body for review and approval.”

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

“Potential conflicts of interest are monitored regularly during executive committee meetings.”

Form 990, Part VI, Section B, line 15

“The CEO's salary is approved by the Executive Committee.”

Form 990, Part VI, Section C, line 18

“Lehigh Valley Economic Development Corporation's Form 1023 and Forms 990 are available to the public upon request. They are also available on the internet through a third party provider.”

Form 990, Part VI, Section C, line 19

“Lehigh Valley Economic Development Corporation's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lehigh Valley Economic
EIN
23-2798276
Phone
6102666775
Address
2158 Avenue C Suite 200, Bethlehem, PA 18017

Signing Officer

Name
Donald T Cunningham Jr
Title
CEO - President
Phone
6102666775
Signed
2017-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald T Cunningham Jr
Formed
1995
Legal Domicile
Pa
Voting Board Members
35
Independent Board Members
35
Employees
21
Volunteers
0

Preparer

Firm
Riley and Company Inc
Address
1290 North 9th Street, Stroudsburg, PA 18360
Preparer
Scott A Miller CPA CFE CVA
Phone
5704240667
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No change in oversight process for its financial statements or selection process for an independent accountant.”

Financial Statement Notes

Part IV, Line 2B:

“Escrow held in lieu of environmental liability coverage.”

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt340
IRS990/Form990PartVIISectionAGrp/PersonNm0Anne Baum
IRS990/Form990PartVIISectionAGrp/PersonNm1Donald Bernhard
IRS990/Form990PartVIISectionAGrp/PersonNm2Hon John A Brown
IRS990/Form990PartVIISectionAGrp/PersonNm3Luke R Cunningham
IRS990/Form990PartVIISectionAGrp/PersonNm4Hon Robert Donchez
IRS990/Form990PartVIISectionAGrp/PersonNm5Edward C Dougherty
IRS990/Form990PartVIISectionAGrp/PersonNm6Gregory Dudkin
IRS990/Form990PartVIISectionAGrp/PersonNm7Joel Fagerstrom
IRS990/Form990PartVIISectionAGrp/PersonNm8Cindy Feinberg
IRS990/Form990PartVIISectionAGrp/PersonNm9Tom Garrity
IRS990/Form990PartVIISectionAGrp/PersonNm10Dr Bryon Grigsby
IRS990/Form990PartVIISectionAGrp/PersonNm11Lauren Goff
IRS990/Form990PartVIISectionAGrp/PersonNm12Sally Handlon
IRS990/Form990PartVIISectionAGrp/PersonNm13Andrew Hines
IRS990/Form990PartVIISectionAGrp/PersonNm14T Anthony Iannelli
IRS990/Form990PartVIISectionAGrp/PersonNm15Mark Jobes
IRS990/Form990PartVIISectionAGrp/PersonNm16Patricia Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm17Gary Kinsey
IRS990/Form990PartVIISectionAGrp/PersonNm18Dan McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm19Hon Tom Muller
IRS990/Form990PartVIISectionAGrp/PersonNm20John L Nespoli
IRS990/Form990PartVIISectionAGrp/PersonNm21Hon Brad Osborne
IRS990/Form990PartVIISectionAGrp/PersonNm22Hon Sal Panto Jr
IRS990/Form990PartVIISectionAGrp/PersonNm23HOn Ed Pawlowski
IRS990/Form990PartVIISectionAGrp/PersonNm24Philip M Schenkel
IRS990/Form990PartVIISectionAGrp/PersonNm25Michael Stershic
IRS990/Form990PartVIISectionAGrp/PersonNm26R Scott Unger
IRS990/Form990PartVIISectionAGrp/PersonNm27Hon Seth Vaughn
IRS990/Form990PartVIISectionAGrp/PersonNm28Wade Watson
IRS990/Form990PartVIISectionAGrp/PersonNm29Barry Wentzel
IRS990/Form990PartVIISectionAGrp/PersonNm30Donald T Cunningham
IRS990/Form990PartVIISectionAGrp/PersonNm31Dr Mark Erickson
IRS990/Form990PartVIISectionAGrp/PersonNm32Michael Gigler
IRS990/Form990PartVIISectionAGrp/PersonNm33Stephen C Kalamar
IRS990/Form990PartVIISectionAGrp/PersonNm34Jane P Long
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30193537
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt26Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt27Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt28Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt29Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt30President, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt31Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt32treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt33Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt34Vice Chairman
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt035000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of Lehigh Valley Economic Development Corporation (LVEDC) is to market the economic assets of the Lehigh Valley and to serve as a regional shared services and resource center to help businesses to come, grow, and start here.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt02143859
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt039417
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0149066
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt066295
IRS990/OfficeExpensesGrp/ProgramServicesAmt059106
IRS990/OfficeExpensesGrp/TotalAmt0125401
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09702
IRS990/OtherAssetsTotalGrp/EOYAmt011102
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04029

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,679,446
Liabilities
$535,587
Net assets
$2,143,859
Revenue
$2,892,411
Expenses
$2,899,431
Net income
-$7,020
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.94$2.27$3.67$3.34$3.35$0.01
2023Detailed filing. Detailed filing data is available for this year.$6.11$2.43$3.68$3.33$3.11$0.22
2022Detailed filing. Detailed filing data is available for this year.$6.01$2.55$3.46$3.20$3.06$0.14
2021Detailed filing. Detailed filing data is available for this year.$3.90$0.57$3.32$6.02$4.99$1.04
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.45$2.29$4.91$4.81$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.41$0.22$2.19$3.09$2.99$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.44$0.35$2.09$3.05$2.99$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.61$0.59$2.03$3.09$3.21$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.68$0.54$2.14$2.89$2.90$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.79$0.77$2.02$2.83$2.75$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.59$1.65$1.94$4.44$4.54$0.10
2013Detailed filing. Detailed filing data is available for this year.$3.04$1.00$2.04$3.77$3.94$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.98$2.21$3.25
2011Summary only. Only limited summary data is available for this year.$2.74$0.64$2.10$2.81$2.75$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.62$2.04$2.64