Civic Intelligence

Berks County Industrial Development Foundation

990 • Fiscal year 2022 • EIN 46-3176664

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 28, 2023

Organization ProfileN/A
633 Court St 14th FloorReading, PA 19601

(610) 478-6330

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.00x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$184,134

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

20th percentile

-9.5%

Faster asset growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-61%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$9,497,760

Down $996,450 (-9.5%) from 2021

Net Assets

Down

$9,497,760

Down $996,450 (-9.5%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin98th percentile

Revenue

Down

$636,968

Down $979,491 (-61%) from 2021

Expenses

Up

$41,842

Up $887 (+2.2%) from 2021

Net Income

Down

$595,126

Down $980,378 (-62%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2022

Assets$9,497,760
Liabilities$0
Net Assets$9,497,760
Open 2022 Filing

Operations Trend

Revenue Growth5th 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

2022

Revenue$636,968
Expenses$41,842
Net Income$595,126
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 28, 2023
Return Version
2022v5.0
Gross Receipts
$636,968
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.

To invest funds & coordinate resources for effective economic development of county of berks, pa

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,492,731$9,496,622▼ $996,109
Savings and Temporary Cash Investments$1,177$836▼ $341
Prepaid Expenses and Deferred Charges$302$302→ $0
Total Assets$10,494,210$9,497,760▼ $996,450
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,494,210$9,497,760▼ $996,450
Total Net Assets Fund Balance$10,494,210$9,497,760▼ $996,450
Total Liabilities and Net Assets / Fund Balance$10,494,210$9,497,760▼ $996,450
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Eric W JenkinsPresident
Jeremy ZaborowskiExecutive Director
Terri C Lampe Melcher1st VP, Assist. Secretary/treasurer
James a Adams2nd VP, Assist. Secretary/treasurer
Kirsten S DeysherSecretary, Assistant Treasurer
Robert F FirelyTreasurer, Assistant Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$636,968
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$595,126

Audited Revenue Reconciliation

Revenue per Audited Statements
$636,968
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,199,576
Total Revenue per Audited Statements
$-1,562,608
Total Revenue per Form 990
$636,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,842
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$30,486--$30,486
Fees for Services Accounting$9,750--$9,750
Insurance$1,606--$1,606
Total Functional Expenses$41,842$0$0$41,842

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,842
Total Expenses per Audited Statements$41,842
Total Expenses per Form 990$41,842
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
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
Backup withholding compliance
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“There is one class of members as described in the bylaws.”

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section A, 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, Part VI, Section B, Line 11B

“The board reviews and approves the 990 prior to filing.”

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

“The conflict of interest policy is provided to each member of the board of directors, and the executive director for their review of 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, Part VI, Section C, Line 18

“The documents are available upon request.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Berks County Industrial Development
EIN
46-3176664
Phone
6104786330
Address
633 COURT ST 14TH FLOOR, READING, PA 19601

Signing Officer

Name
Jeremy Zaborowski
Title
Executive Director
Phone
6104786330
Signed
2023-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Zaborowski
Formed
2007
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Herbein Company Inc
Address
2763 CENTURY BOULEVARD, READING, PA 19610
Preparer
Linda S Himeback CPA
Phone
6103781175
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer from berksida 608,000.”

Raw XML AppendixShowing 400 of 413 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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt011250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt028825
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEREMY ZABOROWSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0184134
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS ONE CLASS OF MEMBERS AS DESCRIBED IN THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE FOUNDATION ARE THE FIVE PERSONS AT ANY TIME SERVING AS MEMBERS OF THE BOARD OF BERKSIDA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE 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/ExplanationTxt3THE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE DIRECTOR FOR THEIR REVIEW OF 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/ExplanationTxt5THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSFER FROM BERKSIDA 608,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0READING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0608000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt010494210
IRS990/TotalAssetsGrp/EOYAmt09497760
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt041842
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09497760
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IRS990/TotalProgramServiceExpensesAmt041842
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0636968
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09497760
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/ZIPCd019601
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEREMY ZABOROWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06104786330
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BERKS COUNTY INDUSTRIAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BERK
ReturnHeader/Filer/EIN0463176664
ReturnHeader/Filer/PhoneNum06104786330
ReturnHeader/Filer/USAddress/AddressLine1Txt0633 COURT ST 14TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0READING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019601
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232415973
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HERBEIN COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02763 CENTURY BOULEVARD

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,497,760
Liabilities
$0
Net assets
$9,497,760
Revenue
$636,968
Expenses
$41,842
Net income
$595,126
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