Civic Intelligence

Elizabeth Area Development Corporation

EIN 25-1568746 • 501(c)3 • Elizabeth, PA

Profile

The Elizabeth Area Development Corporation (EADC) is a local 501c(3) non-profit organization working to revitalize historic downtown Elizabeth along the Monongahela River. EADC focuses on revitalization and business development though river recreation, arts, heritage historic preservation, and special event activities.

201 Second AveElizabeth, PA 15037

www.downtownelizabeth.conm

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

64th percentile

6.8%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Revenue Growth

18th percentile

-50%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$338,650

Up $41,851 (+14%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Up

$338,650

Up $41,851 (+14%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin82nd percentile

Revenue

Down

$83,461

Down $256,811 (-75%) from 2020

Expenses

Up

$57,339

Up $57 (+0.1%) from 2020

Net Income

Down

$26,122

Down $256,868 (-91%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

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

$400K$300K$200K$100K$0Assets 2020: $296,799Liabilities 2020: $0Net Assets 2020: $296,7992020Assets 2022: $338,650Liabilities 2022: $0Net Assets 2022: $338,6502022

Highlighted filing

2022

Assets$338,650
Liabilities$0
Net Assets$338,650
Open 2022 Filing

Operations Trend

Revenue Growth18th percentile

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

$400K$300K$200K$100K$0Revenue 2020: $340,272Expenses 2020: $57,282Net Income 2020: $282,9902020Revenue 2022: $83,461Expenses 2022: $57,339Net Income 2022: $26,1222022

Highlighted filing

2022

Revenue$83,461
Expenses$57,339
Net Income$26,122
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$338,650
Liabilities
$0
Net assets
$338,650
Revenue
$83,461
Expenses
$57,339
Net income
$26,122
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$0.83$0.57$0.26
2020Detailed filing. Detailed filing data is available for this year.$2.97$0.00$2.97$3.40$0.57$2.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 23, 2023
Return Version
2022v5.0
Gross Receipts
$83,461
Mission and Program Overview

Mission

The Elizabeth Area Development Corporation (EADC) is a local 501c(3) non-profit organization working to revitalize historic downtown Elizabeth along the Monongahela River. EADC focuses on revitalization and business development though river recreation, arts, heritage historic preservation, and special event activities.

Program Services

DescriptionGrantsExpenses
Walker Grant EADC received a $25000 grant from the Walker Foundation for the maintenance and upkeep of the cemetery. The Walker family was a prominent family owned a boat building company and were one of the most prominent Steamboat builders in the 1800's.$25,000$16,822
Plum Street Concert Series is a series of Summer concerts in downtown Elizabeth. EADC hosts this event which is the largest fund raiser.$0$8,169
Light up night - is the second largest fund raiser held in December.$0$2,549
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry RossPresident-$0--
Lynn MassaroSecretary-$0--
Lynn McHolmeTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Elizabeth Area Development Corporation
EIN
25-1568746
Phone
4128188186
Address
201 Second Ave, Elizabeth, PA 15037

Signing Officer

Name
Lynn McHolme
Title
Treasuer
Phone
4128188186
Signed
2023-03-23
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Donations;1270|Cemetery Repairs Walker Grant;16077|Minnifield Demolition andlandscape;18616|Light up Night Expense;1849^Total;37812^”

Raw XML Appendix151 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherExpensesTotalAmt037812
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The Elizabeth Area Development Corporation (EADC) is a local 501c(3) non-profit organization working to revitalize historic downtown Elizabeth along the Monongahela River. EADC focuses on revitalization and business development though river recreation, arts, heritage historic preservation, and special event activities.
IRS990EZ/PrintingPublicationsPostageAmt0971
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Walker Grant EADC received a $25000 grant from the Walker Foundation for the maintenance and upkeep of the cemetery. The Walker family was a prominent family owned a boat building company and were one of the most prominent Steamboat builders in the 1800's.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Plum Street Concert Series is a series of Summer concerts in downtown Elizabeth. EADC hosts this event which is the largest fund raiser.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Light up night - is the second largest fund raiser held in December.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt025000
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt18169
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt22549
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IRS990EZ/WebsiteAddressTxt0www.downtownelizabeth.conm
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt083461
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Donations;1270|Cemetery Repairs Walker Grant;16077|Minnifield Demolition andlandscape;18616|Light up Night Expense;1849^Total;37812^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Lynn McHolme
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasuer
ReturnHeader/BusinessOfficerGrp/PhoneNum04128188186
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELIZABETH AREA DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ELIZ
ReturnHeader/Filer/EIN0251568746
ReturnHeader/Filer/PhoneNum04128188186
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 Second Ave
ReturnHeader/Filer/USAddress/CityNm0Elizabeth
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015037
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-03-23T15:49:33-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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