Civic Intelligence

Institute for Economic Development Inc.

990EZ • Fiscal year 2015 • EIN 23-2843207

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.CHESTERYES.COM
1350 Edgmont Avenue Ste 1300Chester, PA 19013

(610) 447-6252

Siviq Scores

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

Liabilities / Assets

88th percentile

0.43x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

0.78x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

52nd percentile

4.1%

Higher net margin than 52% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

88th percentile

71%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

87%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$284,085

Up $118,382 (+71%) from 2014

Net Assets

$162,741

No earlier filing loaded for comparison.

Liabilities

Up

$121,344

Up $112,083 (+1210%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin52nd percentile

Revenue

Up

$155,003

Up $72,314 (+87%) from 2014

Expenses

Down

$148,704

Down $15,365 (-9.4%) from 2014

Net Income

Up

$6,299

Up $87,679 (+108%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $270,021Liabilities 2011: $8,789Net Assets 2011: $261,2322011Assets 2012: $312,356Liabilities 2012: $20,000Net Assets 2012: $292,3562012Assets 2013: $259,980Liabilities 2013: $22,158Net Assets 2013: $237,8222013Assets 2014: $165,703Liabilities 2014: $9,2612014Assets 2015: $284,085Liabilities 2015: $121,344Net Assets 2015: $162,7412015Assets 2016: $329,622Liabilities 2016: $156,685Net Assets 2016: $172,9372016Assets 2017: $227,677Liabilities 2017: $94,223Net Assets 2017: $133,4542017Assets 2018: $202,546Liabilities 2018: $0Net Assets 2018: $202,5462018Assets 2019: $289,967Liabilities 2019: $11,489Net Assets 2019: $278,4782019Assets 2020: $585,223Liabilities 2020: $59,265Net Assets 2020: $525,9582020Assets 2021: $856,102Liabilities 2021: $8,314Net Assets 2021: $847,7882021Assets 2022: $1,642,197Liabilities 2022: $66,632Net Assets 2022: $1,575,5652022Assets 2023: $1,642,013Liabilities 2023: $406,126Net Assets 2023: $1,235,8872023Assets 2025: $1,701,013Liabilities 2025: $102,476Net Assets 2025: $1,598,5372025

Highlighted filing

2015

Assets$284,085
Liabilities$121,344
Net Assets$162,741
Open 2015 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $192,6652011Revenue 2012: $191,856Expenses 2012: $160,732Net Income 2012: $31,1242012Revenue 2013: $82,729Expenses 2013: $137,263Net Income 2013: -$54,5342013Revenue 2014: $82,689Expenses 2014: $164,069Net Income 2014: -$81,3802014Revenue 2015: $155,003Expenses 2015: $148,704Net Income 2015: $6,2992015Revenue 2016: $392,827Expenses 2016: $382,630Net Income 2016: $10,1972016Revenue 2017: $207,985Expenses 2017: $247,468Net Income 2017: -$39,4832017Revenue 2018: $239,035Expenses 2018: $237,790Net Income 2018: $1,2452018Revenue 2019: $304,794Expenses 2019: $228,862Net Income 2019: $75,9322019Revenue 2020: $657,766Expenses 2020: $410,286Net Income 2020: $247,4802020Revenue 2021: $732,750Expenses 2021: $410,920Net Income 2021: $321,8302021Revenue 2022: $960,990Expenses 2022: $233,213Net Income 2022: $727,7772022Revenue 2023: $889,100Expenses 2023: $1,228,778Net Income 2023: -$339,6782023Revenue 2025: $272,889Expenses 2025: $207,587Net Income 2025: $65,3022025

Highlighted filing

2015

Revenue$155,003
Expenses$148,704
Net Income$6,299
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$155,003
Mission and Program Overview

Mission

The institute for economic development, dba riverfront alliance of delaware county (radc), is a consortium of private sector corporations and non-profit institutions that have come together to develop and implement programs and activities designed to counter the social and economic conditions that result from disinvestment in this community. Within this broad context, radc is specifically committed to undertaking a targeted mix of innovative economic development programs and activities focused on the physical, economic and social revitalization of the city of chester.

The institute for economic development, inc. ("ied") is a consortium of private sector corporations and non-profit institutions that have come together to develop and implement programs and activities designed to counter the social and economic conditions that result from disinvestment and community deterioration in distressed communities. Within this broad context, ied is specifically committed to undertaking a targeted mix of innovative economic development programs and activities focused on the physical, economic and social revitalization of the city of chester.

Program Services

DescriptionGrantsExpenses
THE INSTITUTE FOR ECONOMIC DEVELOPMENT, INC. ("IED") IS A CONSORTIUM OF PRIVATE SECTOR CORPORATIONS AND NON-PROFIT INSTITUTIONS THAT HAVE COME TOGETHER TO DEVELOP AND IMPLEMENT PROGRAMS AND ACTIVITIES DESIGNED TO COUNTER THE SOCIAL AND ECONOMIC CONDITIONS THAT RESULT FROM DISINVESTMENT AND COMMUNITY DETERIORATION IN DISTRESSED COMMUNITIES. WITHIN THIS BROAD CONTEXT, IED IS SPECIFICALLY COMMITTED TO UNDERTAKING A TARGETED MIX OF INNOVATIVE ECONOMIC DEVELOPMENT PROGRAMS AND ACTIVITIES FOCUSED ON THE PHYSICAL, ECONOMIC AND SOCIAL REVITALIZATION OF THE CITY OF CHESTER.$4,160$148,704
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK H DAMBLYChairman - Trustee-$0--
JOAN K RICHARDSVice Chair - Trustee-$0--
GERALD MILLERTreasurer - Trustee-$0--
RON BAUMANNSecretary - Trustee-$0--
ROBERT J BRUCETrustee-$0--
CHRISTOPHER F BUCCINITrustee-$0--
JAMES T HARRISTrustee-$0--
CHRISTINE HOWZETrustee-$0--
ADAM KALINERTrustee-$0--
JOE MCGINNTrustee-$0--
DAN MURPHYTrustee-$0--
JEROME S PARKER PH DTrustee-$0--
VINCE DEL ROSSITrustee-$0--
THOMAS A SHOEMAKERTrustee-$0--
JEFFREY WARMANNTrustee-$0--
ROBERT WILLERTTrustee-$0--
RUSSELL WILLIAMSTrustee-$0--
MICHAEL J MCGEE CAEExecutive DirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Institute for Economic Development
EIN
23-2843207
In Care Of
% MICHAEL J MCGEE C/O CKHS
Phone
6104476252
Address
1350 EDGMONT AVENUE STE 1300, CHESTER, PA 19013

Signing Officer

Name
Michael Mcgee
Title
Executive Director
Phone
9738989494
Signed
2016-05-12
Discuss with paid preparer
Yes

Preparer

Firm
WithumSmithBrown PC
Address
465 South St Ste 200, Morristown, NJ 07960-6497
Preparer
Scott J Mariani
Phone
9738989494
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 8

“Description:MISCELLANEOUS REVENUE Amount:4900”

Form 990EZ Part I Line 16

“Description:INSURANCE Amount:3373”

Form 990EZ Part I Line 16

“Description:GRANT WRITING Amount:1925”

Form 990EZ Part I Line 16

“Description:BANK CHARGES Amount:536”

Form 990EZ Part I Line 16

“Description:CONSULTING FEES Amount:4292”

Form 990EZ Part I Line 16

“Description:ADMINISTRATIVE FEES Amount:3273”

Form 990EZ Part I Line 16

“Description:ADVERTISING Amount:4650”

Form 990EZ Part I Line 16

“Description:PURCHASED SERVICES Amount:114695”

Form 990EZ Part I Line 16

“Description:OTHER EXPENSES Amount:250”

Form 990EZ Part II Line 26

“Description:DEFERRED REVENUE BOY Amount:EOY Amount:96205”

Form 990EZ Part II Line 26

“Description:DUE TO THIRD PARTY BOY Amount:9261 EOY Amount:24165”

Raw XML Appendix274 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK H DAMBLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOAN K RICHARDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GERALD MILLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RON BAUMANN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ROBERT J BRUCE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CHRISTOPHER F BUCCINI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JAMES T HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7CHRISTINE HOWZE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11JEROME S PARKER PH D
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm13THOMAS A SHOEMAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm14JEFFREY WARMANN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm15ROBERT WILLERT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm16RUSSELL WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm17MICHAEL J MCGEE CAE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN - TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR - TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER - TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY - TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7TRUSTEE
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt097660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt082500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt082500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt088000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt077000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0427660
IRS990ScheduleA/TotalSupportAmt0428242
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:MISCELLANEOUS REVENUE Amount:4900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:INSURANCE Amount:3373
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:GRANT WRITING Amount:1925
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:BANK CHARGES Amount:536
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:CONSULTING FEES Amount:4292
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description:ADMINISTRATIVE FEES Amount:3273
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description:ADVERTISING Amount:4650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description:PURCHASED SERVICES Amount:114695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Description:OTHER EXPENSES Amount:250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Description:DEFERRED REVENUE BOY Amount:EOY Amount:96205
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Description:DUE TO THIRD PARTY BOY Amount:9261 EOY Amount:24165
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART I LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990EZ PART II LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990EZ PART II LINE 26
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL MCGEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09738989494
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSTITUTE FOR ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0232843207
ReturnHeader/Filer/InCareOfNm0% MICHAEL J MCGEE C/O CKHS
ReturnHeader/Filer/PhoneNum06104476252
ReturnHeader/Filer/USAddress/AddressLine1Txt01350 EDGMONT AVENUE STE 1300
ReturnHeader/Filer/USAddress/CityNm0CHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019013
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WithumSmithBrown PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0465 South St Ste 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Morristown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0079606497
ReturnHeader/PreparerPersonGrp/PhoneNum09738989494
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott J Mariani
ReturnHeader/ReturnTs02016-05-13T09:42:05-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$284,085
Liabilities
$121,344
Net assets
$162,741
Revenue
$155,003
Expenses
$148,704
Net income
$6,299
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.10$1.60$0.27$0.21$0.07
2023Summary only. Only limited summary data is available for this year.$1.64$0.41$1.24$0.89$1.23$0.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.07$1.58$0.96$0.23$0.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.01$0.85$0.73$0.41$0.32
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.06$0.53$0.66$0.41$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.01$0.28$0.30$0.23$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$0.24$0.24$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.09$0.13$0.21$0.25$0.04
2016Summary only. Only limited summary data is available for this year.$0.33$0.16$0.17$0.39$0.38$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.12$0.16$0.16$0.15$0.01
2014Summary only. Only limited summary data is available for this year.$0.17$0.01$0.08$0.16$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.02$0.24$0.08$0.14$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.02$0.29$0.19$0.16$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.01$0.26$0.19