Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
63rd percentile
Faster revenue growth than 63% of similar nonprofits.
Assets
Up$754,709
Up $1,702 (+0.2%) from 2016
Net Assets
Down$598,130
Down $10,025 (-1.6%) from 2016
Liabilities
Up$156,579
Up $11,727 (+8.1%) from 2016
Revenue
Up$45,849
Up $3,224 (+7.6%) from 2016
Expenses
Up$56,241
Up $8,848 (+19%) from 2016
Net Income
Down-$10,392
Down $5,624 (-118%) from 2016
Lehigh valley economic investment corporation functions to finance the expansion and relocation of business within lehigh and northampton counties by acting as an intermediary between equitable owners and financial institutions and/or certain pennsylvania economic development financing programs and/or related entities including, but not limited to, the pennsylvania industrial development authority and the small business first fund.
Intermediary to help finance the expansion and relocation of businesses within lehigh county.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $685,397 | $687,232 | ▲ $1,835 |
| Other Notes and Loans Receivable, Net | $40,000 | $40,000 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $26,538 | $23,518 | ▼ $3,020 |
| Accounts Receivable | $250 | $3,137 | ▲ $2,887 |
| Prepaid Expenses and Deferred Charges | $822 | $822 | → $0 |
| Total Assets | $753,007 | $754,709 | ▲ $1,702 |
| Liabilities | |||
| Other Liabilities | $89,545 | $96,217 | ▲ $6,672 |
| Unsecured Notes Loans Payable | $55,307 | $54,107 | ▼ $1,200 |
| Accounts Payable and Accrued Expenses | - | $6,255 | - |
| Total Liabilities | $144,852 | $156,579 | ▲ $11,727 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $608,155 | $598,130 | ▼ $10,025 |
| Total Net Assets Fund Balance | $608,155 | $598,130 | ▼ $10,025 |
| Total Liabilities and Net Assets / Fund Balance | $753,007 | $754,709 | ▲ $1,702 |
| Name | Title |
|---|---|
| Harry Mcguirk | President |
| Keith Bachman | 2nd Vice President |
| Richard Hodgen | Vice President |
| Amy Hawley | Director |
| Annie Osika | Director |
| Denise Mccall | Director |
| Frank Smith | Director |
| Jason Engelhardt | Director |
| Raymond Suhocki | Director |
| Jim Stortz | Assistant Secretary |
| Chris Brown | Assistant Treasurer |
| James Gentile | Secretary |
| Chris Persichetti | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $56,241 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | - | $30,000 | - | $30,000 |
| Other Expenses | - | $12,851 | - | $12,851 |
| Fees for Services Legal | - | $7,274 | - | $7,274 |
| Fees for Services Accounting | - | $4,490 | - | $4,490 |
| Insurance | - | $1,315 | - | $1,315 |
| Fees for Services Other | - | $311 | - | $311 |
| Total Functional Expenses | $0 | $56,241 | $0 | $56,241 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $56,241 |
| Total Expenses per Audited Statements | $56,241 |
| Total Expenses per Form 990 | $56,241 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Pida Loan Liability | $89,178 |
| Accrued Expenses | $7,039 |
“Lehigh's economic advancement project, inc. Has a management agreement whereby lehigh valley economic development corporation is appointed as the management agent and administrator for leap.”
“A draft of the 990 is scanned and emailed to the board for review as soon as it provided to the organization by the accountants.”
“When potential conflicts of interests arise, personnel of the management entity are encouraged to disclose them to the vice president of economic development financing, prior to any transaction being consumated. Potential conflicts of interest in relations to board members and officers are to be disclosed to the executive committee of the leap board.”
“The organization makes its governing documents, financial statements, and 990 available upon request. The organization has a written conflict of interest policy available upon request.”
“Loan contingency gain 367.”
“The organization 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)(4) 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 organization's financial statements and prescribes a recognition threshold of more-than-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 organization had no material unrecognized tax benefits or accrued interest or penalties at december 31, 2017 and 2016. The organization files federal form 990, return of organizations exempt from tax, with the united states internal revenue service and with the bureau of charitable organizations in pennsylvania.”
“Loan contingency gain 367.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 6255 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 250 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 3137 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | INTERMEDIARY TO HELP FINANCE THE EXPANSION AND RELOCATION OF BUSINESSES WITHIN LEHIGH COUNTY. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JAIME WHALEN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6102666775 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2158 AVENUE C STE 200 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BETHLEHEM |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 18017 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 26538 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 23518 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 13500 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1856 |
| IRS990/CYOtherExpensesAmt | 0 | 56241 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 30493 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -10392 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 56241 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 45849 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | ACTS AS AN INTERMEDIARY TO HELP FINANCE THE EXPANSION AND RELOCATION OF BUSINESSES WITHIN LEHIGH COUNTY IN PENNSYLVANIA. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 4490 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 4490 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 7274 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 7274 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 30000 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 30000 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 311 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 311 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form1098CFiledInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form8899Filedind | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KEITH BACHMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CHRIS BROWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JASON ENGELHARDT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JAMES GENTILE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | AMY HAWLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RICHARD HODGEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DENISE MCCALL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | HARRY MCGUIRK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | CHRIS PERSICHETTI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | ANNIE OSIKA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | FRANK SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JIM STORTZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | RAYMOND SUHOCKI |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | 2ND VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | ASSISTANT TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | ASSISTANT SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1961 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GovernmentGrantsAmt | 0 | 13500 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 45849 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1315 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1315 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1856 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1856 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | PA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | LEHIGH'S ECONOMIC ADVANCEMENT PROJECT, INC. FUNCTIONS TO FINANCE THE EXPANSION AND RELOCATION OF BUSINESS WITHIN LEHIGH COUNTY BY ACTING AS AN INTERMEDIARY BETWEEN EQUITABLE OWNERS AND FINANCIAL INSTITUTIONS AND/OR CERTAIN PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING PROGRAMS AND/OR RELATED ENTITIES INCLUDING, BUT NOT LIMITED TO, THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY AND THE SMALL BUSINESS FIRST FUND. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 608155 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 598130 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 367 |
| IRS990/OtherExpensesGrp/Desc | 0 | FINANCING FEES TO LVEDC |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 12851 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 12851 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 89545 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 96217 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 40000 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 40000 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 822 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 822 |
| IRS990/PrincipalOfficerNm | 0 | CURT HOYAK |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICE/APPLICATION FE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | INCENTIVE FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | LOAN MAINTENANCE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 13262 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 12441 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 4790 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 13262 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 12441 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 4790 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 13500 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1860 |
| IRS990/PYOtherExpensesAmt | 0 | 47393 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 27265 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -4768 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 47393 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 42625 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -10392 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 30493 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 685397 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 687232 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 56241 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 89178 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 7039 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ACCRUED PIDA LOAN LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED EXPENSES |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 367 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 367 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 45849 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION 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)(4) 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 ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-THAN-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 ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR ACCRUED INTEREST OR PENALTIES AT DECEMBER 31, 2017 AND 2016. THE ORGANIZATION FILES FEDERAL FORM 990, RETURN OF ORGANIZATIONS EXEMPT FROM TAX, WITH THE UNITED STATES INTERNAL REVENUE SERVICE AND WITH THE BUREAU OF CHARITABLE ORGANIZATIONS IN PENNSYLVANIA. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | LOAN CONTINGENCY GAIN 367. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 56241 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 96217 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 45849 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 46216 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 56241 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | LEHIGH'S ECONOMIC ADVANCEMENT PROJECT, INC. HAS A MANAGEMENT AGREEMENT WHEREBY LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION IS APPOINTED AS THE MANAGEMENT AGENT AND ADMINISTRATOR FOR LEAP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A DRAFT OF THE 990 IS SCANNED AND EMAILED TO THE BOARD FOR REVIEW AS SOON AS IT PROVIDED TO THE ORGANIZATION BY THE ACCOUNTANTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | WHEN POTENTIAL CONFLICTS OF INTERESTS ARISE, PERSONNEL OF THE MANAGEMENT ENTITY ARE ENCOURAGED TO DISCLOSE THEM TO THE VICE PRESIDENT OF ECONOMIC DEVELOPMENT FINANCING, PRIOR TO ANY TRANSACTION BEING CONSUMATED. POTENTIAL CONFLICTS OF INTEREST IN RELATIONS TO BOARD MEMBERS AND OFFICERS ARE TO BE DISCLOSED TO THE EXECUTIVE COMMITTEE OF THE LEAP BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND 990 AVAILABLE UPON REQUEST. THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | LOAN CONTINGENCY GAIN 367. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | PA |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 753007 |
| IRS990/TotalAssetsEOYAmt | 0 | 754709 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 753007 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 754709 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 13500 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 56241 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 56241 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 144852 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 156579 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 144852 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 156579 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 608155 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 598130 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 30493 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 1856 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 30493 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 45849 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 13 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 753007 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 754709 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 608155 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 598130 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 55307 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 54107 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 2158 AVENUE C STE 200 |
| IRS990/USAddress/CityNm | 0 | BETHLEHEM |
| IRS990/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/USAddress/ZIPCd | 0 | 18017 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 13 |
| IRS990/VotingMembersIndependentCnt | 0 | 13 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CURT HOYAK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6102666775 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-08-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LEHIGH'S ECONOMIC ADVANCEMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | PROJECT INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LEHI |
| ReturnHeader/Filer/EIN | 0 | 236296874 |
| ReturnHeader/Filer/PhoneNum | 0 | 6102666775 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2158 AVENUE C NO 200 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BETHLEHEM |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 18017 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 0D3607FB9F607AD1F561058E37191842EA3672BC |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | E19ADDFD888E297685368446893C226A40ABF277 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 216.164.169.90 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-08-17 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 16:12:28 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 231386942 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CAMPBELL RAPPOLD & YURASITS LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1033 S CEDAR CREST BLVD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALLENTOWN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 181035443 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6104357489 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-08-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN R ZAYAITZ CPA |
| ReturnHeader/ReturnTs | 0 | 2018-09-11T13:27:06-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.