Civic Intelligence

Bensalem Economic Development Corporation

990 • Fiscal year 2013 • EIN 75-2977069

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 09, 2014

Organization ProfileWWW.BENSALEM-EDC.COM
2400 Byberry Road19020

(215) 633-3681

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

48th percentile

0.00x

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

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

21st percentile

-9.8%

Higher net margin than 21% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

76th percentile

$26,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Asset Growth

32nd percentile

-5.6%

Faster asset growth than 32% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$172,207

Down $10,149 (-5.6%) from 2012

Net Assets

Down

$172,207

Down $10,149 (-5.6%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin21st percentile

Revenue

$103,319

No earlier filing loaded for comparison.

Expenses

Up

$113,468

Up $16,445 (+17%) from 2012

Net Income

-$10,149

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$1.5M$1.0M$500K$0Assets 2010: $175,214Liabilities 2010: $0Net Assets 2010: $175,2142010Assets 2011: $174,994Liabilities 2011: $0Net Assets 2011: $174,9942011Assets 2012: $182,356Liabilities 2012: $0Net Assets 2012: $182,3562012Assets 2013: $172,207Liabilities 2013: $0Net Assets 2013: $172,2072013Assets 2014: $1,018,925Liabilities 2014: $0Net Assets 2014: $1,018,9252014Assets 2015: $996,975Liabilities 2015: $0Net Assets 2015: $996,9752015Assets 2016: $974,728Liabilities 2016: $0Net Assets 2016: $974,7282016Assets 2017: $1,077,868Liabilities 2017: $0Net Assets 2017: $1,077,8682017Assets 2018: $1,111,149Liabilities 2018: $0Net Assets 2018: $1,111,1492018Assets 2019: $1,232,304Liabilities 2019: $0Net Assets 2019: $1,232,3042019Assets 2020: $1,295,132Liabilities 2020: $0Net Assets 2020: $1,295,1322020Assets 2021: $1,488,681Liabilities 2021: $0Net Assets 2021: $1,488,6812021Assets 2022: $1,189,026Liabilities 2022: $0Net Assets 2022: $1,189,0262022Assets 2023: $1,269,196Liabilities 2023: $0Net Assets 2023: $1,269,1962023Assets 2024: $1,323,907Liabilities 2024: $0Net Assets 2024: $1,323,9072024

Highlighted filing

2013

Assets$172,207
Liabilities$0
Net Assets$172,207
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $100,8472010Expenses 2011: $90,1792011Expenses 2012: $97,0232012Revenue 2013: $103,319Expenses 2013: $113,468Net Income 2013: -$10,1492013Revenue 2014: $982,411Expenses 2014: $135,693Net Income 2014: $846,7182014Revenue 2015: $58,375Expenses 2015: $80,325Net Income 2015: -$21,9502015Revenue 2016: $69,916Expenses 2016: $92,163Net Income 2016: -$22,2472016Revenue 2017: $190,872Expenses 2017: $87,732Net Income 2017: $103,1402017Revenue 2018: $141,725Expenses 2018: $108,444Net Income 2018: $33,2812018Revenue 2019: $83,621Expenses 2019: $78,659Net Income 2019: $4,9622019Revenue 2020: $12,232Expenses 2020: $41,866Net Income 2020: -$29,6342020Revenue 2021: $108,269Expenses 2021: $77,399Net Income 2021: $30,8702021Revenue 2022: $47,921Expenses 2022: $111,486Net Income 2022: -$63,5652022Revenue 2023: $153,842Expenses 2023: $167,532Net Income 2023: -$13,6902023Revenue 2024: $152,640Expenses 2024: $180,186Net Income 2024: -$27,5462024

Highlighted filing

2013

Revenue$103,319
Expenses$113,468
Net Income-$10,149
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 9, 2014
Return Version
2013v3.0
Gross Receipts
$126,145
Mission and Program Overview

Mission

To facilitate business working with government in a friendly environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$182,356$172,207▼ $10,149
Cap Stk Tr Prin Current Funds$182,356$172,207▼ $10,149
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$182,356$172,207▼ $10,149
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$182,356$172,207▼ $10,149
Total Liabilities and Net Assets / Fund Balance$182,356$172,207▼ $10,149
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
George FloccoExecutive DirectorPT$26,000$26,000

Board Members and Trustees

NameTitle
Alwyn GouglerChairman
Greg MasonSr. Vice Chairman
Art SoudersBoard of Director
Bob BraubitzBoard of Director
Frank MacomberBoard of Director
Jim HumphreysBoard of Director
John GrossiBoard of Director
Matt EtzrodtBoard of Director
Richard Adami SrBoard of Director
Paul GiordanoSecretary
Leo WesolowskiTreasury
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$77,337
Investment Income
$1,157
Other Revenue
$24,825
Change in Net Assets
$-10,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,144
Salaries, Compensation, and Employee Benefits$28,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$26,000
Insurance---$6,302
Other Expenses---$5,305
Fees for Services Legal---$2,930
Conferences and Meetings---$2,909
Advertising---$2,500
Payroll Taxes---$2,324
Office Expenses---$1,240
Fees for Services Accounting---$950
Fees for Services Other---$926
All Other Expenses---$200
Total Functional Expenses$0$0$0$113,468
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,595
Fundraising Direct Expenses$22,826
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$47,595$47,595$3,275$44,320
Total Events$47,595$47,595$22,826$24,769
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section B, Line 11

“Upon receipt of the prepared tax return all board members will have the right to inspect and review the return prior to submission with the appropriate taxing authorities.”

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

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b.) has read and understands the policy, c.) has agreed to comply with the policy, and d.) understands the origanization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section B, Line 15A

“The origination deliberated salary compensation for george flocco at a monthly board meeting. While no salary comparision was performed. The amount of compensation agreed upon for mr. Flocco was deemed adequate for the duties he performs.”

Form 990, Part VI, Section C, Line 19

“The organization has made its governing documents available for public inspection by making them accessible through request. The organization does not currently have a written conflict of interest policy. The organization has no financial reporting requirement. All financial information is included with the township of bensalem's financial statements and can be provided upon request.”

Filing and Contact Details

Filer

EIN
75-2977069
Phone
2156333681

Signing Officer

Name
Alwyn Gougler
Title
Chairman
Phone
2153222199
Signed
2014-04-09

Organization Details

Principal Officer
Alwyn Gougler
Formed
2001
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Preparer
James D Keiser Iii
Phone
2157852600
Raw XML Appendix336 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURY
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON RECEIPT OF THE PREPARED TAX RETURN ALL BOARD MEMBERS WILL HAVE THE RIGHT TO INSPECT AND REVIEW THE RETURN PRIOR TO SUBMISSION WITH THE APPROPRIATE TAXING AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B.) HAS READ AND UNDERSTANDS THE POLICY, C.) HAS AGREED TO COMPLY WITH THE POLICY, AND D.) UNDERSTANDS THE ORIGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORIGINATION DELIBERATED SALARY COMPENSATION FOR GEORGE FLOCCO AT A MONTHLY BOARD MEETING. WHILE NO SALARY COMPARISION WAS PERFORMED. THE AMOUNT OF COMPENSATION AGREED UPON FOR MR. FLOCCO WAS DEEMED ADEQUATE FOR THE DUTIES HE PERFORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS MADE ITS GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION BY MAKING THEM ACCESSIBLE THROUGH REQUEST. THE ORGANIZATION DOES NOT CURRENTLY HAVE A WRITTEN CONFLICT OF INTEREST POLICY. THE ORGANIZATION HAS NO FINANCIAL REPORTING REQUIREMENT. ALL FINANCIAL INFORMATION IS INCLUDED WITH THE TOWNSHIP OF BENSALEM'S FINANCIAL STATEMENTS AND CAN BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0182356
IRS990/TotalAssetsEOYAmt0172207
IRS990/TotalAssetsGrp/BOYAmt0182356
IRS990/TotalAssetsGrp/EOYAmt0172207
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0113468
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0182356
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0172207
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt077337
IRS990/TotalReportableCompFromOrgAmt026000
IRS990/TotalRevenueGrp/ExclusionAmt024769
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078550
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0103319
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0182356
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0172207
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine104339 OLD LINCOLN HIGHWAY
IRS990/USAddress/City0TREVOSE
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode019053
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTP://WWW.BENSALEM-EDC.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ALWYN GOUGLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02153222199
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-09
ReturnHeader/Filer/BusinessName/BusinessNameLine10BENSALEM ECONOMIC DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BENS
ReturnHeader/Filer/EIN0752977069
ReturnHeader/Filer/PhoneNum02156333681
ReturnHeader/Filer/USAddress/AddressLine102400 BYBERRY ROAD
ReturnHeader/Filer/USAddress/City0BENSALEM
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019020
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233099625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10GIORDANO & ASSOC CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10ONE NORTH WILSON AVENUE-SUITE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0BRISTOL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode019007
ReturnHeader/PreparerPersonGrp/PhoneNum02157852600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES D KEISER III
ReturnHeader/ReturnTs02014-04-09T13:59:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$172,207
Liabilities
$0
Net assets
$172,207
Revenue
$103,319
Expenses
$113,468
Net income
-$10,149
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$0.15$0.18$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.00$1.27$0.15$0.17$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.05$0.11$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.11$0.08$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.01$0.04$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.08$0.08$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.00$1.11$0.14$0.11$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.19$0.09$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.07$0.09$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.06$0.08$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.98$0.14$0.85
2013Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.10$0.11$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.10