Civic Intelligence

Berks County Industrial Development Foundation

990 • Fiscal year 2018 • EIN 46-3176664

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 08, 2019

Organization ProfileN/A
633 Court Street Rm/Ste FL 14Reading, PA 19601

(610) 478-6341

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$175,199

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

29th percentile

-2.9%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

46%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$9,584,108

Down $282,596 (-2.9%) from 2017

Net Assets

Down

$9,584,108

Down $282,596 (-2.9%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin99th percentile

Revenue

Up

$1,038,883

Up $327,296 (+46%) from 2017

Expenses

Down

$33,735

Down $3,964 (-11%) from 2017

Net Income

Up

$1,005,148

Up $331,260 (+49%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$15M$10M$5.0M$0Assets 2014: $9,610,119Liabilities 2014: $0Net Assets 2014: $9,610,1192014Assets 2015: $9,161,065Liabilities 2015: $0Net Assets 2015: $9,161,0652015Assets 2016: $9,366,936Liabilities 2016: $0Net Assets 2016: $9,366,9362016Assets 2017: $9,866,704Liabilities 2017: $0Net Assets 2017: $9,866,7042017Assets 2018: $9,584,108Liabilities 2018: $0Net Assets 2018: $9,584,1082018Assets 2019: $10,320,400Liabilities 2019: $0Net Assets 2019: $10,320,4002019Assets 2020: $9,528,820Liabilities 2020: $0Net Assets 2020: $9,528,8202020Assets 2021: $10,494,210Liabilities 2021: $0Net Assets 2021: $10,494,2102021Assets 2022: $9,497,760Liabilities 2022: $0Net Assets 2022: $9,497,7602022Assets 2023: $11,873,835Liabilities 2023: $0Net Assets 2023: $11,873,8352023Assets 2024: $12,129,713Liabilities 2024: $0Net Assets 2024: $12,129,7132024

Highlighted filing

2018

Assets$9,584,108
Liabilities$0
Net Assets$9,584,108
Open 2018 Filing

Operations Trend

Revenue Growth87th percentile

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

$10M$5.0M$0Revenue 2014: $9,670,914Expenses 2014: $22,939Net Income 2014: $9,647,9752014Revenue 2015: $178,139Expenses 2015: $45,873Net Income 2015: $132,2662015Revenue 2016: $286,588Expenses 2016: $48,961Net Income 2016: $237,6272016Revenue 2017: $711,587Expenses 2017: $37,699Net Income 2017: $673,8882017Revenue 2018: $1,038,883Expenses 2018: $33,735Net Income 2018: $1,005,1482018Revenue 2019: $526,950Expenses 2019: $34,367Net Income 2019: $492,5832019Revenue 2020: $531,425Expenses 2020: $33,613Net Income 2020: $497,8122020Revenue 2021: $1,616,459Expenses 2021: $40,955Net Income 2021: $1,575,5042021Revenue 2022: $636,968Expenses 2022: $41,842Net Income 2022: $595,1262022Revenue 2023: $622,328Expenses 2023: $42,473Net Income 2023: $579,8552023Revenue 2024: $1,241,185Expenses 2024: $40,457Net Income 2024: $1,200,7282024

Highlighted filing

2018

Revenue$1,038,883
Expenses$33,735
Net Income$1,005,148
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 8, 2019
Return Version
2018v3.1
Gross Receipts
$1,038,883
Mission and Program Overview

Mission

The primary purpose of the foundation is to invest the cash assets of the berks county industrial development authority (berksida) and coordinate resources available for the effective economic development of the county of berks, pennsylvania.

The primary purpose of the foundation is invest the cash assets of the berks county industrial development authority (bcida) and coordinate resources available for the effective economic development of the county of berks, pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,865,481$9,582,583▼ $282,898
Savings and Temporary Cash Investments$1,223$1,225▲ $2
Prepaid Expenses and Deferred Charges-$300-
Total Assets$9,866,704$9,584,108▼ $282,596
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$9,866,704$9,584,108▼ $282,596
Total Net Assets Fund Balance$9,866,704$9,584,108▼ $282,596
Total Liabilities and Net Assets / Fund Balance$9,866,704$9,584,108▼ $282,596
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleOtherTotal
Tom MckeonExecutive Di$175,199$175,199

Board Members and Trustees

NameTitle
Ken W SeidelPresident
Tom MckeonExecutive Director
James a Adams1st Vice Pre
Rebecca M Wingenroth2nd Vice Pre
Eric W JenkinsSecretary
Joseph M Eways IiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,038,883
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,005,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,735
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
Fees for Service Investment Mgmnt Fees$29,035--$29,035
Fees for Services Accounting$4,075--$4,075
Insurance-$420-$420
Other Expenses$205--$205
Total Functional Expenses$33,315$420$0$33,735
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
Lobbying 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
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“There is one class of members.”

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

“The members of the foundation are the five persons at any time serving as members of the board of bcida.”

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

“There is one class of members. Each member is entitled to cast one vote for the directors of the foundation at the annual meeting, as described more fully in the bylaws, provided such member is present in person to cast such vote. Members may not vote by proxy.”

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

“A copy of the full 990 is emailed to each member of the board of directors for review. If revisions are made, an updated full copy is emailed. Approval from each member of the board of directors is received at the board meeting.”

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

“The policy is provided to each member of the board of directors and the executive director for their review with the agenda for december's meetings. At the december meetings, each member of the board of directors and executive director execute the annual statement acknowledging receipt of the policy, with an indication the policy has been read, understood, and followed.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Berks County Industrial Development
EIN
46-3176664
Phone
6104786341
Address
633 COURT STREET RM/STE FL 14, READING, PA 19601

Signing Officer

Name
Joseph M Eways Ii
Title
President
Phone
6104786341
Signed
2019-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph M Eways Ii
Formed
2007
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
William G Koch & Associates
Address
2650 WESTVIEW DR, WYOMISSING, PA 19610-1187
Preparer
Christopher a Spang
Phone
6106789700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The primary purpose of the foundation is invest the cash assets of the berks county industrial development authority (bcida) and coordinate resources available for the effective economic development of the county of berks, pennsylvania.”

Form 990, Part XI, Line 9

“Transfer from bcida 1,905,985 transfer to bcida -1,506,025 total 399,960”

Raw XML Appendix389 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY PURPOSE OF THE FOUNDATION IS INVEST THE CASH ASSETS OF THE BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (BCIDA) AND COORDINATE RESOURCES AVAILABLE FOR THE EFFECTIVE ECONOMIC DEVELOPMENT OF THE COUNTY OF BERKS, PENNSYLVANIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS ONE CLASS OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE FOUNDATION ARE THE FIVE PERSONS AT ANY TIME SERVING AS MEMBERS OF THE BOARD OF BCIDA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS ONE CLASS OF MEMBERS. EACH MEMBER IS ENTITLED TO CAST ONE VOTE FOR THE DIRECTORS OF THE FOUNDATION AT THE ANNUAL MEETING, AS DESCRIBED MORE FULLY IN THE BYLAWS, PROVIDED SUCH MEMBER IS PRESENT IN PERSON TO CAST SUCH VOTE. MEMBERS MAY NOT VOTE BY PROXY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FULL 990 IS EMAILED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW. IF REVISIONS ARE MADE, AN UPDATED FULL COPY IS EMAILED. APPROVAL FROM EACH MEMBER OF THE BOARD OF DIRECTORS IS RECEIVED AT THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE POLICY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR FOR THEIR REVIEW WITH THE AGENDA FOR DECEMBER'S MEETINGS. AT THE DECEMBER MEETINGS, EACH MEMBER OF THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR EXECUTE THE ANNUAL STATEMENT ACKNOWLEDGING RECEIPT OF THE POLICY, WITH AN INDICATION THE POLICY HAS BEEN READ, UNDERSTOOD, AND FOLLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSFER FROM BCIDA 1,905,985 TRANSFER TO BCIDA -1,506,025 TOTAL 399,960
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 7B
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
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IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11905985
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BERKS COUNTY INDUSTRIAL DEVELOPMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1BERKS COUNTY INDUSTRIAL DEVELOPMENT
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IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt09584108
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IRS990/TotalAssetsGrp/EOYAmt09584108
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0420
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt033315
IRS990/TotalFunctionalExpensesGrp/TotalAmt033735
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09866704
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09584108
IRS990/TotalOtherCompensationAmt041893
IRS990/TotalProgramServiceExpensesAmt033315
IRS990/TotalProgramServiceRevenueAmt01038883
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01038883
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01038883
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09584108
IRS990/TotReportableCompRltdOrgAmt0133306
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09866704
IRS990/UnrestrictedNetAssetsGrp/EOYAmt09584108
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0633 COURT ST 14TH FLOOR
IRS990/USAddress/CityNm0READING
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019601
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH M EWAYS II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06104786341
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BERKS COUNTY INDUSTRIAL DEVELOPMENT
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ReturnHeader/Filer/PhoneNum06104786341
ReturnHeader/Filer/USAddress/AddressLine1Txt0633 COURT STREET RM/STE FL 14
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.192.3.137
ReturnHeader/FilingSecurityInformation/IPDt02019-04-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:59:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232641012
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAM G KOCH & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02650 WESTVIEW DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WYOMISSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0196101187
ReturnHeader/PreparerPersonGrp/PhoneNum06106789700
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER A SPANG
ReturnHeader/ReturnTs02019-04-11T17:59:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,584,108
Liabilities
$0
Net assets
$9,584,108
Revenue
$1,038,883
Expenses
$33,735
Net income
$1,005,148
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$1.24$0.04$1.20
2023Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$0.62$0.04$0.58
2022Detailed filing. Detailed filing data is available for this year.$9.50$0.00$9.50$0.64$0.04$0.60
2021Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$1.62$0.04$1.58
2020Detailed filing. Detailed filing data is available for this year.$9.53$0.00$9.53$0.53$0.03$0.50
2019Detailed filing. Detailed filing data is available for this year.$10.3$0.00$10.3$0.53$0.03$0.49
2018Detailed filing. Detailed filing data is available for this year.$9.58$0.00$9.58$1.04$0.03$1.01
2017Detailed filing. Detailed filing data is available for this year.$9.87$0.00$9.87$0.71$0.04$0.67
2016Detailed filing. Detailed filing data is available for this year.$9.37$0.00$9.37$0.29$0.05$0.24
2015Detailed filing. Detailed filing data is available for this year.$9.16$0.00$9.16$0.18$0.05$0.13
2014Detailed filing. Detailed filing data is available for this year.$9.61$0.00$9.61$9.67$0.02$9.65