Civic Intelligence

Somerset County Economic Development Council

990 • Fiscal year 2023 • EIN 25-6010909

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

62nd percentile

0.03x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

115%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

2nd percentile

-92%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$150,032

Down $1,772,560 (-92%) from 2022

Net Assets

Down

$145,885

Down $1,768,851 (-92%) from 2022

Liabilities

Down

$4,147

Down $3,709 (-47%) from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$1,541,086

Down $1,615,206 (-2179%) from 2022

Expenses

Up

$227,765

Up $202,989 (+819%) from 2022

Net Income

Down

-$1,768,851

Down $1,818,195 (-3685%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2023

Assets$150,032
Liabilities$4,147
Net Assets$145,885
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2023

Revenue-$1,541,086
Expenses$227,765
Net Income-$1,768,851
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$450
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$1,630,037$76,135▼ $1,553,902
Cash and Non-Interest-Bearing Accounts$220,282$71,135▼ $149,147
Other Notes and Loans Receivable, Net$67,634--
Prepaid Expenses and Deferred Charges$2,761$2,762▲ $1
Savings and Temporary Cash Investments$1,258--
Accounts Receivable$620--
Total Assets$1,922,592$150,032▼ $1,772,560
Liabilities
Accounts Payable and Accrued Expenses$7,856$4,147▼ $3,709
Total Liabilities$7,856$4,147▼ $3,709
Net Assets / Fund Balance
Net Assets With Donor Restrictions$219,968$219,968→ $0
Net Assets Without Donor Restrictions$1,694,768$-74,083▼ $1,768,851
Total Net Assets Fund Balance$1,914,736$145,885▼ $1,768,851
Total Liabilities and Net Assets / Fund Balance$1,922,592$150,032▼ $1,772,560

Asset Categories

AssetBook ValueDepreciationBasis
Land$76,135-$76,135
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Cassie MoonPresident
Brandon HillegasDirector
Chris BurtnerDirector
Colleen DawsonDirector
Gerald WalkerDirector
J C DanhiresDirector
Jeremy HooverDirector
Matthew LivingoodDirector
Ned KendallDirector
Pamela Tokar-ickesDirector
Ruston OgburnDirector
Steven BuncichSec/treas
Kathy BerkebileVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-1,541,086
Other Revenue
$0
Change in Net Assets
$-1,768,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$203,521
Other Expenses$24,244
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$203,521--$203,521
Fees for Services Accounting$4,358--$4,358
Insurance$3,396--$3,396
Occupancy$1,766--$1,766
Office Expenses$821--$821
Other Expenses$66--$66
All Other Expenses$2--$2
Total Functional Expenses$227,765$0$0$227,765
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jari Growth Fund IncJohnstown, PA501c3Dissolution Transfer$147,231
Jari Growth Fund IncJohnstown, PA501c3Dissolution Transfer-
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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, 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
Cassie Moon
Title
President
Phone
8142333687
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cassie Moon
Formed
1957
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Barnes Saly & Company Pc
Address
637 FERNDALE AVENUE SUITE 100, JOHNSTOWN, PA 15905-3999
Preparer
Carolyn a Graham 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, Page 2, Part III, Line 4D

“Economic development of somerset county, pennsylvana - to create jobs by”

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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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IRS990ScheduleI/RecipientTable/CashGrantAmt0147231
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt056290
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0LOAN RECEIVABLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DISSOLUTION TRANSFER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DISSOLUTION TRANSFER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0JARI GROWTH FUND INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1JARI GROWTH FUND INC
IRS990ScheduleI/RecipientTable/RecipientEIN0812565745
IRS990ScheduleI/RecipientTable/RecipientEIN1812565745
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0245 MARKET ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1245 MARKET ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0JOHNSTOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1JOHNSTOWN
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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/ExplanationTxt1ECONOMIC DEVELOPMENT OF SOMERSET COUNTY, PENNSYLVANA - TO CREATE JOBS BY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION HAS MEMBERS WHO PAY MEMBERSHIP FEES BASED ON TYPE OF ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS ARE ELECTED BY THE ORGANIZATION MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 IS PROVIDED TO THE COUNCIL OFFICES FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH 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/ExplanationTxt6GOVERNING DOCUMENTS AND FORMS 990 ARE AVAILABLE TO PUBLIC FOR REVIEW UPON REQUEST AT THE COUNCIL OFFICES IN SOMERSET, PA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01922592
IRS990/TotalAssetsEOYAmt0150032
IRS990/TotalAssetsGrp/BOYAmt01922592
IRS990/TotalAssetsGrp/EOYAmt0150032
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0227765
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227765
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07856
IRS990/TotalLiabilitiesEOYAmt04147
IRS990/TotalLiabilitiesGrp/BOYAmt07856
IRS990/TotalLiabilitiesGrp/EOYAmt04147
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01914736
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0145885
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-1541086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-1541086
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01922592
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0150032
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.SCEDC.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CASSIE MOON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08142333687
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERSET COUNTY ECONOMIC DEVELOPMEN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0256010909
ReturnHeader/Filer/PhoneNum08144459655
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 48
ReturnHeader/Filer/USAddress/CityNm0SOMERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364775872
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNES SALY & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0637 FERNDALE AVENUE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JOHNSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0159053999
ReturnHeader/PreparerPersonGrp/PhoneNum08142881544
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROLYN A GRAHAM CPA
ReturnHeader/ReturnTs02024-11-15T18:00:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$150,032
Liabilities
$4,147
Net assets
$145,885
Revenue
-$1,541,086
Expenses
$227,765
Net income
-$1,768,851
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