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Nonprofiteer
← CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY

Form 990 for tax year 2024

Filed by CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY.

Totals

Total revenue
$40,925
Total expenses
$79,453
Contributions and grants received
$0
Grants paid
$71,228
Program service revenue
$24,982
Investment income
$15,943
Other revenue
$0
Total assets, end of year
$896,582
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$896,582
Program services expenses (Part IX)
$78,750
Management and general expenses
$703
Fundraising expenses
$0
Program service expenses (Part III)
$78,750

Program services were 99.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $24,982 · related or exempt $24,982

  • 3 · Investment income

    total $15,943 · related or exempt $15,943

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $71,228 · program services $71,228

  • 11c · Fees: accounting

    total $5,150 · program services $4,635 · management and general $515

  • 11g · Fees: other

    total $1,200 · program services $1,200

  • 23 · Insurance

    total $1,220 · program services $1,098 · management and general $122

  • 24a · Other expenses: MEMBERSHIP DUES/BSC

    total $655 · program services $589 · management and general $66

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,736 · end of year $9,319

  • 2 · Savings and temporary cash investments

    beginning of year $321,899 · end of year $221,225

  • 7 · Other notes and loans receivable

    beginning of year $405,475 · end of year $666,038

  • 27 · Net assets without donor restrictions

    beginning of year $935,110 · end of year $896,582

Mission and programs · 2024

Mission

COMMUNITY INDUSTRIAL DEVELOPMENT - THE COMPANY PROVIDES FUNDING IN THE FORM OF LOANS TO NEW OR EXISTING BUSINESS OWNERS IN VARIOUS INDUSTRIES LOCATED IN THE CITY OF CARBONDALE (LACKAWANNA COUNTY), PENNSYLVANIA.

  • COMMUNITY INDUSTRIAL DEVELOPMENT - THE COMPANY PROVIDES FUNDING IN THE FORM OF LOANS TO NEW OR EXISTING BUSINESS OWNERS IN VARIOUS INDUSTRIES LOCATED IN THE CITY OF CARBONDALE (LACKAWANNA COUNTY), PENNSYLVANIA.

    Revenue $24,982

  • COMMUNITY INDUSTRIAL DEVELOPMENT - THE COMPANY PROVIDES FUNDING IN THE FORM OF LOANS TO NEW OR EXISTING BUSINESS OWNERS IN VARIOUS INDUSTRIES LOCATED IN THE CITY OF CARBONDALE (LACKAWANNA COUNTY), PENNSYLVANIA.

    Expenses $78,750 · Grants $71,228

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Colgan

    DIRECTOR

    Total calculated
    $0

  • Jeffrey W Nepa Esquire

    DIRECTOR

    Total calculated
    $0

  • Donald Hoyle

    PRESIDENT

    Total calculated
    $0

  • John Kuna

    TREASURER

    Total calculated
    $0

  • John Wiedman

    SECRETARY

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
27 July 2025
IRS schema version
2024v5.0
Source object
202532199349300843

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