Civic Intelligence

Shippensburg Area Development Corporation

990EZ • Fiscal year 2021 • EIN 23-7177887

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 18, 2022

Organization ProfileWWW.SHIPPENSBURG.ORG/SADCO
53 West King StreetShippensburg, PA 17257

(717) 532-5509

Siviq Scores

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

Liabilities / Assets

89th percentile

0.44x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

7.07x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

6th percentile

-76%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

26th percentile

-6.4%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-28%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$340,910

Down $23,145 (-6.4%) from 2020

Net Assets

Down

$192,493

Down $16,018 (-7.7%) from 2020

Liabilities

Down

$148,417

Down $7,127 (-4.6%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

Down

$21,000

Down $8,150 (-28%) from 2020

Expenses

Up

$37,018

Up $6,409 (+21%) from 2020

Net Income

Down

-$16,018

Down $14,559 (-998%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$600K$400K$200K$0Assets 2011: $433,714Liabilities 2011: $220,550Net Assets 2011: $213,1642011Assets 2012: $427,699Liabilities 2012: $220,550Net Assets 2012: $207,1492012Assets 2013: $420,996Liabilities 2013: $220,550Net Assets 2013: $200,4462013Assets 2014: $416,402Liabilities 2014: $195,368Net Assets 2014: $221,0342014Assets 2015: $411,427Liabilities 2015: $189,033Net Assets 2015: $222,3942015Assets 2016: $392,806Liabilities 2016: $182,572Net Assets 2016: $210,2342016Assets 2017: $388,705Liabilities 2017: $175,429Net Assets 2017: $213,2762017Assets 2018: $374,009Liabilities 2018: $168,704Net Assets 2018: $205,3052018Assets 2019: $372,365Liabilities 2019: $162,395Net Assets 2019: $209,9702019Assets 2020: $364,055Liabilities 2020: $155,544Net Assets 2020: $208,5112020Assets 2021: $340,910Liabilities 2021: $148,417Net Assets 2021: $192,4932021Assets 2022: $232,594Liabilities 2022: $0Net Assets 2022: $232,5942022Assets 2023: $228,984Liabilities 2023: $0Net Assets 2023: $228,9842023Assets 2024: $218,582Liabilities 2024: $0Net Assets 2024: $218,5822024

Highlighted filing

2021

Assets$340,910
Liabilities$148,417
Net Assets$192,493
Open 2021 Filing

Operations Trend

Revenue Growth21st percentile

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

$60K$40K$20K$0-$20KRevenue 2011: $27,478Expenses 2011: $42,037Net Income 2011: -$14,5592011Revenue 2012: $29,842Expenses 2012: $35,857Net Income 2012: -$6,0152012Revenue 2013: $32,369Expenses 2013: $47,304Net Income 2013: -$14,9352013Revenue 2014: $52,310Expenses 2014: $31,722Net Income 2014: $20,5882014Revenue 2015: $35,352Expenses 2015: $33,992Net Income 2015: $1,3602015Revenue 2016: $31,652Expenses 2016: $43,812Net Income 2016: -$12,1602016Revenue 2017: $36,139Expenses 2017: $33,097Net Income 2017: $3,0422017Revenue 2018: $35,725Expenses 2018: $43,696Net Income 2018: -$7,9712018Revenue 2019: $41,346Expenses 2019: $36,681Net Income 2019: $4,6652019Revenue 2020: $29,150Expenses 2020: $30,609Net Income 2020: -$1,4592020Revenue 2021: $21,000Expenses 2021: $37,018Net Income 2021: -$16,0182021Revenue 2022: $50,350Expenses 2022: $10,249Net Income 2022: $40,1012022Revenue 2023: $0Expenses 2023: $3,610Net Income 2023: -$3,6102023Revenue 2024: $830Expenses 2024: $11,232Net Income 2024: -$10,4022024

Highlighted filing

2021

Revenue$21,000
Expenses$37,018
Net Income-$16,018
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 18, 2022
Return Version
2021v4.2
Gross Receipts
$21,000
Mission and Program Overview

Mission

Shippensburg area development corporation works closely with the borough of shippensburg and surrounding townships to develop and expand industrial business in the community.

Program Services

DescriptionGrantsExpenses
SHIPPENSBURG AREA DEVELOPMENT CORPORATION WORKS CLOSELY WITH THE BOROUGH OF SHIPPENSBURG AND SURROUNDING TOWNSHIPS TO DEVELOP AND EXPAND INDUSTRIAL BUSINESS IN THE COMMUNITY.$0$0
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICKEY NYEPresident-$0--
PHILIP FAGUEVice President-$0--
STEVE OLDTTreasurer-$0--
DUAINE COLLIERDirector-$0--
DONALD FRYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Shippensburg Area Development
EIN
23-7177887
Phone
7175325509
Address
53 WEST KING STREET, SHIPPENSBURG, PA 17257

Signing Officer

Name
Stephen C Oldt
Title
Treasurer
Phone
7175325509
Signed
2022-04-18
Discuss with paid preparer
Yes

Preparer

Firm
Boyer & Ritter LLC
Address
1137 KENNEBEC DRIVE, CHAMBERSBURG, PA 17201
Preparer
Edward J Straley CPA
Phone
7172647456
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: rental income. Amount: 21,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: interest. Amount: 3,046. Description: insurance. Amount: 3,655. Description: taxes. Amount: 4,556. Description: depreciation. Amount: 11,214. Description: miscellaneous. Amount: 682. Description: supplies. Amount: 52. Description: bank fees. Amount: 914. Total to form 990-ez, line 16: 24,119.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: joint venture investment. Beg. Of year amount: 130,000. End of year amount: 130,000.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: note payable. Beg. Of year amount: 155,544. End of year amount: 148,417.”

Raw XML Appendix130 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEPHEN C OLDT TREASURER
IRS990EZ/BooksInCareOfDetail/PhoneNum01715325509
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt053 WEST KING STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SHIPPENSBURG
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd017257
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt039434
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt027502
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-16018
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01125
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0364055
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0340910
IRS990EZ/GrossReceiptsAmt021000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt0194621
IRS990EZ/LandAndBuildingsGrp/EOYAmt0183408
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingOtherDesc0MODIFIED CASH
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0208511
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0192493
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0208511
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0192493
IRS990EZ/OccupancyRentUtltsAndMaintAmt011774
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICKEY NYE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PHILIP FAGUE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2STEVE OLDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DUAINE COLLIER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DONALD FRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0130000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0130000
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt024119
IRS990EZ/OtherRevenueTotalAmt021000
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0SHIPPENSBURG AREA DEVELOPMENT CORPORATION WORKS CLOSELY WITH THE BOROUGH OF SHIPPENSBURG AND SURROUNDING TOWNSHIPS TO DEVELOP AND EXPAND INDUSTRIAL BUSINESS IN THE COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SHIPPENSBURG AREA DEVELOPMENT CORPORATION WORKS CLOSELY WITH THE BOROUGH OF SHIPPENSBURG AND SURROUNDING TOWNSHIPS TO DEVELOP AND EXPAND INDUSTRIAL BUSINESS IN THE COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0155544
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0148417
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt037018
IRS990EZ/TotalRevenueAmt021000
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.SHIPPENSBURG.ORG/SADCO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: RENTAL INCOME. AMOUNT: 21,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INTEREST. AMOUNT: 3,046. DESCRIPTION: INSURANCE. AMOUNT: 3,655. DESCRIPTION: TAXES. AMOUNT: 4,556. DESCRIPTION: DEPRECIATION. AMOUNT: 11,214. DESCRIPTION: MISCELLANEOUS. AMOUNT: 682. DESCRIPTION: SUPPLIES. AMOUNT: 52. DESCRIPTION: BANK FEES. AMOUNT: 914. TOTAL TO FORM 990-EZ, LINE 16: 24,119.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: JOINT VENTURE INVESTMENT. BEG. OF YEAR AMOUNT: 130,000. END OF YEAR AMOUNT: 130,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: NOTE PAYABLE. BEG. OF YEAR AMOUNT: 155,544. END OF YEAR AMOUNT: 148,417.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN C OLDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07175325509
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHIPPENSBURG AREA DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SHIP
ReturnHeader/Filer/EIN0237177887
ReturnHeader/Filer/PhoneNum07175325509
ReturnHeader/Filer/USAddress/AddressLine1Txt053 WEST KING STREET
ReturnHeader/Filer/USAddress/CityNm0SHIPPENSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017257
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0231311005
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOYER & RITTER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01137 KENNEBEC DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAMBERSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd017201
ReturnHeader/PreparerPersonGrp/PhoneNum07172647456
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD J STRALEY CPA
ReturnHeader/ReturnTs02022-05-02T07:25:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLDT
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$340,910
Liabilities
$148,417
Net assets
$192,493
Revenue
$21,000
Expenses
$37,018
Net income
-$16,018
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.00$2.19$0.01$0.11$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.00$2.29$0.00$0.04$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.00$2.33$0.50$0.10$0.40
2021Detailed filing. Detailed filing data is available for this year.$3.41$1.48$1.92$0.21$0.37$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$1.56$2.09$0.29$0.31$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.72$1.62$2.10$0.41$0.37$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.74$1.69$2.05$0.36$0.44$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$1.75$2.13$0.36$0.33$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.93$1.83$2.10$0.32$0.44$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.11$1.89$2.22$0.35$0.34$0.01
2014Detailed filing. Detailed filing data is available for this year.$4.16$1.95$2.21$0.52$0.32$0.21
2013Detailed filing. Detailed filing data is available for this year.$4.21$2.21$2.00$0.32$0.47$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$2.21$2.07$0.30$0.36$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$2.21$2.13$0.27$0.42$0.15