Civic Intelligence

Somerset County Economic Development Council

990 • Fiscal year 2017 • EIN 25-6010909

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileWWW.SCEDC.NET
PO Box 48Somerset, PA 15501

(814) 445-9655

Siviq Scores

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

Liabilities / Assets

37th percentile

0.10x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.76x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

81st percentile

15%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

33rd percentile

0.3%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Revenue Growth

94th percentile

43%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$2,082,876

Up $90,608 (+4.5%) from 2016

Net Assets

Up

$1,883,823

Up $39,332 (+2.1%) from 2016

Liabilities

Up

$199,053

Up $51,276 (+35%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin81st percentile

Revenue

Up

$263,221

Up $124,748 (+90%) from 2016

Expenses

Up

$223,890

Up $47,900 (+27%) from 2016

Net Income

Up

$39,331

Up $76,848 (+205%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,651,696Liabilities 2012: $492,751Net Assets 2012: $2,158,9452012Assets 2013: $2,496,624Liabilities 2013: $453,989Net Assets 2013: $2,042,6352013Assets 2014: $2,091,724Liabilities 2014: $182,222Net Assets 2014: $1,909,5022014Assets 2015: $2,069,678Liabilities 2015: $187,670Net Assets 2015: $1,882,0082015Assets 2016: $1,992,268Liabilities 2016: $147,777Net Assets 2016: $1,844,4912016Assets 2017: $2,082,876Liabilities 2017: $199,053Net Assets 2017: $1,883,8232017Assets 2018: $1,941,473Liabilities 2018: $67,655Net Assets 2018: $1,873,8182018Assets 2019: $1,900,689Liabilities 2019: $49,810Net Assets 2019: $1,850,8792019Assets 2020: $1,877,290Liabilities 2020: $36,957Net Assets 2020: $1,840,3332020Assets 2021: $1,874,127Liabilities 2021: $8,735Net Assets 2021: $1,865,3922021Assets 2022: $1,922,592Liabilities 2022: $7,856Net Assets 2022: $1,914,7362022Assets 2023: $150,032Liabilities 2023: $4,147Net Assets 2023: $145,8852023Assets 2024: $144,130Liabilities 2024: $4,190Net Assets 2024: $139,9402024

Highlighted filing

2017

Assets$2,082,876
Liabilities$199,053
Net Assets$1,883,823
Open 2017 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.0M$0-$1.0M-$2.0MExpenses 2012: $232,8072012Revenue 2013: $125,490Expenses 2013: $241,800Net Income 2013: -$116,3102013Revenue 2014: $63,784Expenses 2014: $196,917Net Income 2014: -$133,1332014Revenue 2015: $128,212Expenses 2015: $155,706Net Income 2015: -$27,4942015Revenue 2016: $138,473Expenses 2016: $175,990Net Income 2016: -$37,5172016Revenue 2017: $263,221Expenses 2017: $223,890Net Income 2017: $39,3312017Revenue 2018: $285,266Expenses 2018: $295,271Net Income 2018: -$10,0052018Revenue 2019: $128,100Expenses 2019: $151,039Net Income 2019: -$22,9392019Revenue 2020: $157,341Expenses 2020: $167,887Net Income 2020: -$10,5462020Revenue 2021: $93,709Expenses 2021: $68,650Net Income 2021: $25,0592021Revenue 2022: $74,120Expenses 2022: $24,776Net Income 2022: $49,3442022Revenue 2023: -$1,541,086Expenses 2023: $227,765Net Income 2023: -$1,768,8512023Revenue 2024: $0Expenses 2024: $5,945Net Income 2024: -$5,9452024

Highlighted filing

2017

Revenue$263,221
Expenses$223,890
Net Income$39,331
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$273,761
Mission and Program Overview

Mission

The organization was created for the economic development of somerset county, pennsylvania, with it's mission to promote industrial, commercial and retail growth in the county by recruiting and assisting new firms to locate in the county, while helping existing companies to retain or expand employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,643,617$1,632,037▼ $11,580
Cash and Non-Interest-Bearing Accounts$80,105$188,180▲ $108,075
Savings and Temporary Cash Investments$227,109$168,929▼ $58,180
Other Notes and Loans Receivable, Net$30,100$85,959▲ $55,859
Prepaid Expenses and Deferred Charges$2,392$4,038▲ $1,646
Receivables From Officers Etc$8,325$3,113▼ $5,212
Accounts Receivable$620$620→ $0
Total Assets$1,992,268$2,082,876▲ $90,608
Liabilities
Deferred Revenue$132,493$183,689▲ $51,196
Accounts Payable and Accrued Expenses$6,545$9,919▲ $3,374
Other Liabilities$8,739$5,445▼ $3,294
Total Liabilities$147,777$199,053▲ $51,276
Net Assets / Fund Balance
Unrestricted Net Assets$1,708,116$1,698,425▼ $9,691
Permanently Rstr Net Assets$136,375$185,398▲ $49,023
Total Net Assets Fund Balance$1,844,491$1,883,823▲ $39,332
Total Liabilities and Net Assets / Fund Balance$1,992,268$2,082,876▲ $90,608

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,632,037-$1,632,037
Equipment-$66,474$66,474
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
James ZimmermanPresident
Bill UhligDirector
Cassie MoonDirector
Chris BurtnerDirector
G Henry CookDirector
Gerald WalkerDirector
Holly VaughnDirector
James YoderDirector
Jeff LatuchDirector
John P VatavukDirector
Linda OesterDirector
Mark AlbrightDirector
Steven BuncichDirector
Thomas BoydDirector
Walter AsonevichDirector
Gary Bentz1st Vice Pre
Jon Wahl2nd Vice Pre
Julie KregerAsst Secret/
Ruston OgburnSecretary
Gerald LentzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,487
Program Service Revenue
$1,688
Investment Income
$68,920
Other Revenue
$2,126
Change in Net Assets
$39,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,660
Other Expenses$81,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$104,846--$104,846
Fees for Services Accounting$24,890--$24,890
Other Employee Benefits$24,533--$24,533
Payroll Taxes$10,244--$10,244
Office Expenses$6,773--$6,773
Occupancy$5,982--$5,982
Travel$5,464--$5,464
Insurance$4,406--$4,406
Other Expenses$3,489--$3,489
Pension Plan Contributions$3,037--$3,037
All Other Expenses$2,615--$2,615
Conferences and Meetings$1,792--$1,792
Depreciation Depletion$1,042--$1,042
Total Functional Expenses$223,890$0$0$223,890
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
Jeff Latuch - Tailgatez LLCDirector/loanLoan RecipientNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$8,325$3,113▼ $5,212
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Funds/interest Due to Dced$5,445
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 6

“Organization has members who pay membership fees based on type of entity.”

Form 990, Page 6, Part VI, Line 7A

“Directors are elected by the organization membership”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is provided to the council offices for review and approval prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Each officer/director/employee is given a copy of the code of ethics which includes the conflict of interest policy. The code of ethics requires conflicts of interest to be disclosed by the respective officer/director/employee and prohibits such individual from participating in deliberations and voting on actions concerning such matter. The disclosure shall be made part of the minutes of the organization. The policy calls for disciplinary action if required conflict of interest disclosure is not made.”

Form 990, Page 6, Part VI, Line 18

“Governing documents and forms 990 are available to public for review upon request at the council offices in somerset, pa”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Somerset County Economic Developmen
EIN
25-6010909
Phone
8144459655
Address
PO BOX 48, SOMERSET, PA 15501

Signing Officer

Name
Joshua Boland
Title
Executive Director
Phone
8144459655
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Boland
Formed
1957
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
3

Preparer

Firm
Barnes Saly & Company Pc
Address
637 FERNDALE AVENUE SUITE 100, JOHNSTOWN, PA 15905-3999
Preparer
Michelle P Moon CPA
Phone
8142881544
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization was created for the economic development of somerset county, pennsylvania, with it's mission to promote industrial, commercial and retail growth in the county by recruiting and assisting new firms to locate in the county, while helping existing companies to retain or expand employment.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 1”

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST SECRET/
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01957
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt068494
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt0173787
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt079034
IRS990/GrossReceiptsAmt0273761
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt020
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt04406
IRS990/InvestmentIncomeGrp/ExclusionAmt0426
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0426
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01643617
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01632037
IRS990/LandBldgEquipCostOrOtherBssAmt01698511
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010540
IRS990/LoanOutstandingInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt016700
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION WAS CREATED FOR THE ECONOMIC DEVELOPMENT OF SOMERSET COUNTY, PENNSYLVANIA, WITH IT'S MISSION TO PROMOTE INDUSTRIAL, COMMERCIAL AND RETAIL GROWTH IN THE COUNTY BY RECRUITING AND ASSISTING NEW FIRMS TO LOCATE IN THE COUNTY, WHILE HELPING EXISTING COMPANIES TO RETAIN OR EXPAND EMPLOYMENT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01844491
IRS990/NetAssetsOrFundBalancesEOYAmt01883823
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt068494
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt05982
IRS990/OccupancyGrp/TotalAmt05982
IRS990/OfficeExpensesGrp/ProgramServicesAmt06773
IRS990/OfficeExpensesGrp/TotalAmt06773
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024533
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024533
IRS990/OtherExpensesGrp/Desc0SMALL EQUIPMENT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt013177
IRS990/OtherExpensesGrp/ProgramServicesAmt16228
IRS990/OtherExpensesGrp/ProgramServicesAmt25372
IRS990/OtherExpensesGrp/ProgramServicesAmt33489
IRS990/OtherExpensesGrp/TotalAmt013177
IRS990/OtherExpensesGrp/TotalAmt16228
IRS990/OtherExpensesGrp/TotalAmt25372
IRS990/OtherExpensesGrp/TotalAmt33489
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt08739
IRS990/OtherLiabilitiesGrp/EOYAmt05445
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02126
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02126
IRS990/OtherRevenueTotalAmt02126
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104846
IRS990/OtherSalariesAndWagesGrp/TotalAmt0104846
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt030100
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt085959
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt010244
IRS990/PayrollTaxesGrp/TotalAmt010244
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03037
IRS990/PensionPlanContributionsGrp/TotalAmt03037
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0136375
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0185398
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02392
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04038
IRS990/PrincipalOfficerNm0JOSHUA BOLAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MICRO-REV LOAN FUND INT/FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01688
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0131516
IRS990/PYInvestmentIncomeAmt095
IRS990/PYOtherExpensesAmt085324
IRS990/PYOtherRevenueAmt04645
IRS990/PYProgramServiceRevenueAmt02217
IRS990/PYRevenuesLessExpensesAmt0-37517
IRS990/PYSalariesCompEmpBnftPaidAmt090666
IRS990/PYTotalExpensesAmt0175990
IRS990/PYTotalRevenueAmt0138473
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt08325
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt03113
IRS990/ReconcilationRevenueExpnssAmt039331
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0227109
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0168929
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066474
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066474
IRS990ScheduleD/LandGrp/BookValueAmt01632037
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01632037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GRANT FUNDS/INTEREST DUE TO DCED
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01632037
IRS990ScheduleD/TotalLiabilityAmt05445
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JEFF LATUCH - TAILGATEZ LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR/LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LOAN RECIPIENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01868
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11245
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0BUSINESS MICRO REVOLVING LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1TOURISM MICRO REVOLVING LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt015000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt110000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JEFF LATUCHTAILGATEZ LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JEFF LATUCH TAILGATEZ LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt03113
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS CREATED FOR THE ECONOMIC DEVELOPMENT OF SOMERSET COUNTY, PENNSYLVANIA, WITH IT'S MISSION TO PROMOTE INDUSTRIAL, COMMERCIAL AND RETAIL GROWTH IN THE COUNTY BY RECRUITING AND ASSISTING NEW FIRMS TO LOCATE IN THE COUNTY, WHILE HELPING EXISTING COMPANIES TO RETAIN OR EXPAND EMPLOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS MEMBERS WHO PAY MEMBERSHIP FEES BASED ON TYPE OF ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE ELECTED BY THE ORGANIZATION MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS PROVIDED TO THE COUNCIL OFFICES FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH OFFICER/DIRECTOR/EMPLOYEE IS GIVEN A COPY OF THE CODE OF ETHICS WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. THE CODE OF ETHICS REQUIRES CONFLICTS OF INTEREST TO BE DISCLOSED BY THE RESPECTIVE OFFICER/DIRECTOR/EMPLOYEE AND PROHIBITS SUCH INDIVIDUAL FROM PARTICIPATING IN DELIBERATIONS AND VOTING ON ACTIONS CONCERNING SUCH MATTER. THE DISCLOSURE SHALL BE MADE PART OF THE MINUTES OF THE ORGANIZATION. THE POLICY CALLS FOR DISCIPLINARY ACTION IF REQUIRED CONFLICT OF INTEREST DISCLOSURE IS NOT MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FORMS 990 ARE AVAILABLE TO PUBLIC FOR REVIEW UPON REQUEST AT THE COUNCIL OFFICES IN SOMERSET, PA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01992268
IRS990/TotalAssetsEOYAmt02082876
IRS990/TotalAssetsGrp/BOYAmt01992268
IRS990/TotalAssetsGrp/EOYAmt02082876
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,082,876
Liabilities
$199,053
Net assets
$1,883,823
Revenue
$263,221
Expenses
$223,890
Net income
$39,331
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$1.54$0.23$1.77
2022Detailed filing. Detailed filing data is available for this year.$1.92$0.01$1.91$0.07$0.02$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.01$1.87$0.09$0.07$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.88$0.04$1.84$0.16$0.17$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.90$0.05$1.85$0.13$0.15$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.94$0.07$1.87$0.29$0.30$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.20$1.88$0.26$0.22$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.99$0.15$1.84$0.14$0.18$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.07$0.19$1.88$0.13$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.18$1.91$0.06$0.20$0.13
2013Detailed filing. Detailed filing data is available for this year.$2.50$0.45$2.04$0.13$0.24$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.49$2.16$0.23