Form 990 for tax year 2024
Filed by SOMERSET COUNTY ECONOMIC DEVELOPMENT COUNCIL.
Totals
- Total revenue
- $0
- Total expenses
- $5,945
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $144,130
- Total liabilities, end of year
- $4,190
- Net assets or fund balances, end of year
- $139,940
- Program services expenses (Part IX)
- $5,945
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% 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.
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $1,670 · program services $1,670
-
13 · Office expenses
total $239 · program services $239
-
16 · Occupancy
total $493 · program services $493
-
23 · Insurance
total $3,468 · program services $3,468
-
24a · Other expenses: EXPENSES:OFFICE EXPENSE:B
total $75 · program services $75
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $71,135 · end of year $65,233
-
9 · Prepaid expenses and deferred charges
beginning of year $2,762 · end of year $2,762
-
10a · Land, buildings and equipment: cost or other basis
$76,135
-
10c · Land, buildings and equipment, net
beginning of year $76,135 · end of year $76,135
-
17 · Accounts payable and accrued expenses
beginning of year $4,147 · end of year $4,190
-
27 · Net assets without donor restrictions
beginning of year -$74,083 · end of year -$80,028
-
28 · Net assets with donor restrictions
beginning of year $219,968 · end of year $219,968
Mission and programs · 2024
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.
-
ECONOMIC DEVELOPMENT OF SOMERSET COUNTY, PENNSYLVANA - TO CREATE JOBS BY PROVIDING THE DEVELOPMENT AND SALE OF INDUSTRIAL/BUSINESS PARK LAND AND TO PROMOTE BUSINESS RELOCATION TO SOMERSET COUNTY, ASSISTING BUSINESSES TO OBTAIN FINANCING AND OPERATING A MICRO-REVOLVING LOAN FUND FOR NEW BUSINESSES AS WELL AS ASSISTING BUSINESSES TO RETAIN OR EXPAND EMPLOYMENT.
-
ECONOMIC DEVELOPMENT OF SOMERSET COUNTY, PENNSYLVANA - TO CREATE JOBS BY
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kathy BerkebileKATHY BERKEBILE
VICE PRESIDE
- Total calculated
- $0
-
Steven BuncichSTEVEN BUNCICH
SEC/TREAS
- Total calculated
- $0
-
Chris BurtnerCHRIS BURTNER
DIRECTOR
- Total calculated
- $0
-
J C DanhiresJ C DANHIRES
DIRECTOR
- Total calculated
- $0
-
Colleen DawsonCOLLEEN DAWSON
DIRECTOR
- Total calculated
- $0
-
Brandon HillegasBRANDON HILLEGAS
DIRECTOR
- Total calculated
- $0
-
Jeremy HooverJEREMY HOOVER
DIRECTOR
- Total calculated
- $0
-
Ned KendallNED KENDALL
DIRECTOR
- Total calculated
- $0
-
Matthew LivingoodMATTHEW LIVINGOOD
DIRECTOR
- Total calculated
- $0
-
Cassie MoonCASSIE MOON
PRESIDENT
- Total calculated
- $0
-
Ruston OgburnRUSTON OGBURN
DIRECTOR
- Total calculated
- $0
-
Pamela Tokar-IckesPAMELA TOKAR-ICKES
DIRECTOR
- Total calculated
- $0
-
Gerald WalkerGERALD WALKER
DIRECTOR
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503219349312890
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