Civic Intelligence

Greater Erie Industrial Development Corporation

EIN 25-1046776 • 501(c)6 • Erie, PA

Profile

To aquire, develop, provide and operate business properties; buy, sell, lease, manage and operate lands and buildings; to erect, construct and remodel buildings, structures and equipment; to arrange for the construction and installation of utilities, roads, sewers, water and other facilities and services for the business properties and their related and cognate purposes.

5240 Knowledge ParkwayErie, PA 16510-4658

www.developerie.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.49x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

3.81x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2014

Net Margin

5th percentile

-23%

Higher net margin than 5% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

10th percentile

$143,677

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

501(c)6 • $25M-$50M nonprofits • Source year 2014

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-24%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$36,310,150

Up $4,686,710 (+15%) from 2013

Liabilities

Up

$17,887,039

Up $3,880,972 (+28%) from 2013

Net Assets

Up

$18,423,111

Up $805,738 (+4.6%) from 2013

Operations
Liabilities / Revenue96th percentileNet Margin5th percentile

Revenue

Down

$4,695,771

Down $1,461,003 (-24%) from 2013

Expenses

Up

$5,783,680

Up $7,276 (+0.1%) from 2013

Net Income

Down

-$1,087,909

Down $1,468,279 (-386%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2012: $30,969,419Liabilities 2012: $14,221,713Net Assets 2012: $16,747,7062012Assets 2013: $31,623,440Liabilities 2013: $14,006,067Net Assets 2013: $17,617,3732013Assets 2014: $36,310,150Liabilities 2014: $17,887,039Net Assets 2014: $18,423,1112014

Highlighted filing

2014

Assets$36,310,150
Liabilities$17,887,039
Net Assets$18,423,111
Open 2014 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $5,789,7302012Revenue 2013: $6,156,774Expenses 2013: $5,776,404Net Income 2013: $380,3702013Revenue 2014: $4,695,771Expenses 2014: $5,783,680Net Income 2014: -$1,087,9092014

Highlighted filing

2014

Revenue$4,695,771
Expenses$5,783,680
Net Income-$1,087,909
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,310,150
Liabilities
$17,887,039
Net assets
$18,423,111
Revenue
$4,695,771
Expenses
$5,783,680
Net income
-$1,087,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$36.3$17.9$18.4$4.70$5.78$1.09
2013Detailed filing. Detailed filing data is available for this year.$31.6$14.0$17.6$6.16$5.78$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$14.2$16.7$5.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 29, 2015
Return Version
2014v5.0
Gross Receipts
$4,695,771
Mission and Program Overview

Mission

To aquire, develop, provide and operate business properties; buy, sell, lease, manage and operate lands and buildings; to erect, construct and remodel buildings, structures and equipment; to arrange for the construction and installation of utilities, roads, sewers, water and other facilities and services for the business properties and their related and cognate purposes.

Acquire and develop industrial and commercial districts and acquire, improve, and lease certain land and buildings for the purpose of economic development within Erie County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,335,462$34,643,316▲ $5,307,854
Savings and Temporary Cash Investments$804,036$873,906▲ $69,870
Accounts Receivable$499,532$508,303▲ $8,771
Investments Program Related$489,297--
Prepaid Expenses and Deferred Charges$102,844$149,500▲ $46,656
Intangible Assets$145,176$134,825▼ $10,351
Pledges and Grants Receivable$20,696$0▼ $20,696
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Total Assets$31,623,440$36,310,150▲ $4,686,710
Other Assets Total$226,097--
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,954,826$13,890,906▲ $1,936,080
Accounts Payable and Accrued Expenses$319,653$2,048,543▲ $1,728,890
Unsecured Notes Loans Payable$1,205,108$1,475,109▲ $270,001
Other Liabilities$526,480$472,481▼ $53,999
Total Liabilities$14,006,067$17,887,039▲ $3,880,972
Net Assets / Fund Balance
Unrestricted Net Assets$17,617,373$18,423,111▲ $805,738
Total Net Assets Fund Balance$17,617,373$18,423,111▲ $805,738
Total Liabilities and Net Assets / Fund Balance$31,623,440$36,310,150▲ $4,686,710

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,234,260$22,795,950-
Land$6,409,056--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleOtherTotal
John ElliottFormer President and CEO$143,677$143,677
Mike LesniewskiCFO$139,655$139,655
Katrina SmithSenior VP, Acting CEO/president$116,088$116,088

Board Members and Trustees

NameTitle
Bob GlowackiChairman
Ralph FordVice-chairman
Joe SinnottCity of Erie Mayor/director
Kathy DahlkemperCounty Executive/director
Bill BucceriDirector
Bill DelucaDirector
Daryl TerellaDirector
David PascaleDirector
Jack MunchDirector
James McbrierDirector
Joe RaisainDirector
Martin MccormickDirector
Matthew ZonnoDirector
Randy RydzewskiDirector
Ray SammartinoDirector
Sharon KnollDirector
Tom HoffmanDirector
Matthew BaldwinSecretary
Eric MikovchTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
New Hope Capital PartnersConsulting8 STOCKTON AVENUE, New Hope, PA 18938$249,756
Macdonald Illig Jones & BrittonLegal Services100 STATE STREET, Erie, PA 16507$197,874
Revenue and Support

Revenue Composition

Contributions and Grants
$67,526
Program Service Revenue
$3,550,053
Investment Income
$391
Other Revenue
$1,077,801
Change in Net Assets
$-1,087,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,695,771
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,360,849
Total Revenue per Audited Statements
$3,334,922
Total Revenue per Form 990
$4,695,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,783,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,845,066
Fees for Services Legal---$290,173
Interest---$260,630
Fees for Services Other---$160,917
All Other Expenses---$81,270
Other Expenses---$67,526
Fees for Services Accounting---$12,300
Total Functional Expenses$0$0$0$5,783,680

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,783,680
Total Expenses per Audited Statements$5,783,680
Total Expenses per Form 990$5,783,680
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bob GlowackiBoard MemberBOB GLOWACKI IS THE OWNER OF GLOWACKI MANAGEMENT COMPANY, LLC WHICH HANDLES ALL BILLING, PAYMENT OF EXPENSES, MAINTENANCE, AND OTHER SERVICES FOR THE ORGANIZATION'S LEASED PROPERTIES. FEES ARE PAID TO THE NOTED COMPANY FOR THE MANAGEMENT OF THE PROPERTIES.No$135,347
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits on Projects$389,058
Security Deposits$83,423
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The Board receives a draft of the 990 to review. The Board approval of the return is documented in the Organization's minutes.”

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

“The organization discusses conflict of interest during interviews with new employees. Officers and directors are required to disclose any suspected conflict of interest annually, documented by signed statements.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

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

“Officers were compensated by a related organization, the Economic Development Corporation of Erie County.”

Filing and Contact Details

Filer

Filer Name
Greater Erie Industrial Development Corporation
EIN
25-1046776
Phone
8148996022
Address
5240 KNOWLEDGE PARKWAY, ERIE, PA 16510-4658

Signing Officer

Name
Katrina Smith
Title
Senior VP, Acting CEO
Phone
8148996022
Signed
2015-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katrina Smith
Formed
1958
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Firm
Felix & Gloekler Pc
Address
2306 PENINSULA DRIVE, ERIE, PA 16506
Preparer
Natalie Heberlein CPA
Phone
8148386095
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“No changes in the oversight process were made during the tax year.”

Form 990, Part XI, Line 8

“Prior period adjustments consist of restatements for Knowledge Park Buildings 1 and 3, to adjust for prior year property taxes, to adjust for prior year's Knowledge Park return of equity to PSU, and adjust for prior year's ground lease payables.”

Financial Statement Notes

Part X, Line 2:

“The Organization has adopted ASC 740-10 as of January 1, 2010. There was no impact to the Organization's financial statements as a result of the implementation of ASC 740-10.”

Raw XML AppendixShowing 400 of 564 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0319653
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02048543
IRS990/AccountsReceivableGrp/BOYAmt0499532
IRS990/AccountsReceivableGrp/EOYAmt0508303
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Acquire and develop industrial and commercial districts and acquire, improve, and lease certain land and buildings for the purpose of economic development within Erie County.
IRS990/AllOtherExpensesGrp/TotalAmt081270
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CFO
IRS990/BooksInCareOfDetail/PhoneNum08148996022
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05240 KNOWLEDGE PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0ERIE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd016510
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0300
IRS990/CashNonInterestBearingGrp/EOYAmt0300
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0249756
IRS990/ContractorCompensationGrp/CompensationAmt1197874
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt08 STOCKTON AVENUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1100 STATE STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NEW HOPE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1ERIE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd018938
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd116507
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0NEW HOPE CAPITAL PARTNERS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1MACDONALD ILLIG JONES & BRITTON
IRS990/ContractorCompensationGrp/ServicesDesc0CONSULTING
IRS990/ContractorCompensationGrp/ServicesDesc1LEGAL SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt067526
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0391
IRS990/CYOtherExpensesAmt05783680
IRS990/CYOtherRevenueAmt01077801
IRS990/CYProgramServiceRevenueAmt03550053
IRS990/CYRevenuesLessExpensesAmt0-1087909
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt05783680
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04695771
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt01845066
IRS990/Desc0DEVELOPMENT OF ECONOMIC/INDUSTRIAL PARKS IN ERIE COUNTY TO KEEP COMPANIES AND THE RELATED WORKFORCE IN ERIE COUNTY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt012300
IRS990/FeesForServicesLegalGrp/TotalAmt0290173
IRS990/FeesForServicesOtherGrp/TotalAmt0160917
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1914291
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2115446
IRS990/Form990PartVIISectionAGrp/PersonNm0BILL BUCCERI
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES MCBRIER
IRS990/Form990PartVIISectionAGrp/PersonNm2RALPH FORD
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW ZONNO
IRS990/Form990PartVIISectionAGrp/PersonNm4SHARON KNOLL
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID PASCALE
IRS990/Form990PartVIISectionAGrp/PersonNm6DARYL TERELLA
IRS990/Form990PartVIISectionAGrp/PersonNm7JOE RAISAIN
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW BALDWIN
IRS990/Form990PartVIISectionAGrp/PersonNm9ERIC MIKOVCH
IRS990/Form990PartVIISectionAGrp/PersonNm10RANDY RYDZEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm11RAY SAMMARTINO
IRS990/Form990PartVIISectionAGrp/PersonNm12BOB GLOWACKI
IRS990/Form990PartVIISectionAGrp/PersonNm13TOM HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14BILL DELUCA
IRS990/Form990PartVIISectionAGrp/PersonNm15JACK MUNCH
IRS990/Form990PartVIISectionAGrp/PersonNm16MARTIN MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm17KATHY DAHLKEMPER
IRS990/Form990PartVIISectionAGrp/PersonNm18JOE SINNOTT
IRS990/Form990PartVIISectionAGrp/PersonNm19KATRINA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm20MIKE LESNIEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm21JOHN ELLIOTT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
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/ReportableCompFromRltdOrgAmt19101797
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20139655
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21128231
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17COUNTY EXECUTIVE/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CITY OF ERIE MAYOR/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SENIOR VP, ACTING CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt21FORMER PRESIDENT AND CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01958
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt067526
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04695771
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0145176
IRS990/IntangibleAssetsGrp/EOYAmt0134825
IRS990/InterestGrp/TotalAmt0260630
IRS990/InvestmentIncomeGrp/ExclusionAmt0391
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0391
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0489297
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022795950
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029335462
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034643316
IRS990/LandBldgEquipCostOrOtherBssAmt057439266
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To aquire, develop, provide and operate business properties; buy, sell, lease, manage and operate land and buildings; to erect, construct and remodel buildings, structures and equipment; to arrange for the construction and installation of utilities, roads, sewers, water and other facilities and services for the business properties and their related and cognate purposes.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011954826
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013890906
IRS990/NetAssetsOrFundBalancesBOYAmt017617373
IRS990/NetAssetsOrFundBalancesEOYAmt018423111
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1360849
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0226097
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TENANT EXPENSES
IRS990/OtherExpensesGrp/Desc1ADMINISTRATION EXPENSES
IRS990/OtherExpensesGrp/Desc2KNOWLEDGE PARK RETURN O
IRS990/OtherExpensesGrp/Desc3REMEDIATION AND PROPERT
IRS990/OtherExpensesGrp/TotalAmt01393573
IRS990/OtherExpensesGrp/TotalAmt11246943
IRS990/OtherExpensesGrp/TotalAmt2425282
IRS990/OtherExpensesGrp/TotalAmt367526
IRS990/OtherLiabilitiesGrp/BOYAmt0526480
IRS990/OtherLiabilitiesGrp/EOYAmt0472481
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0Lawsuit Settlement
IRS990/OtherRevenueMiscGrp/Desc1Project Reimbursements
IRS990/OtherRevenueMiscGrp/Desc2Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0794597
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1278204
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt25000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0794597
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1278204
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt25000
IRS990/OtherRevenueTotalAmt01077801
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020696
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0102844
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0149500
IRS990/PrincipalOfficerNm0KATRINA SMITH
IRS990/PriorPeriodAdjustmentsAmt03254496
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0Lease Income/Tenant Re
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03550053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03550053
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02354502
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0154401
IRS990/PYOtherExpensesAmt05776404
IRS990/PYOtherRevenueAmt0333842
IRS990/PYProgramServiceRevenueAmt03314029
IRS990/PYRevenuesLessExpensesAmt0380370
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05776404
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06156774
IRS990/ReconcilationRevenueExpnssAmt0-1087909
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0804036
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0873906
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt028234260
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022795950
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt051030210
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05783680
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06409056
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt06409056
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1360849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1389058
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS ON PROJECTS
IRS990ScheduleD/RevenueNotReportedAmt0-1360849
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04695771
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted ASC 740-10 as of January 1, 2010. There was no impact to the Organization's financial statements as a result of the implementation of ASC 740-10.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034643316
IRS990ScheduleD/TotalExpensesPerForm990Amt05783680
IRS990ScheduleD/TotalLiabilityAmt0472481
IRS990ScheduleD/TotalRevenuePerForm990Amt04695771
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03334922
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05783680
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BOB GLOWACKI
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0135347
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BOB GLOWACKI IS THE OWNER OF GLOWACKI MANAGEMENT COMPANY, LLC WHICH HANDLES ALL BILLING, PAYMENT OF EXPENSES, MAINTENANCE, AND OTHER SERVICES FOR THE ORGANIZATION'S LEASED PROPERTIES. FEES ARE PAID TO THE NOTED COMPANY FOR THE MANAGEMENT OF THE PROPERTIES.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.