Form 990 for tax year 2023
Filed by PARTNERSHIP FOR ECONOMIC DEVELOPMENT OF YORK COUNTY INC.
Totals
- Total revenue
- $853,268
- Total expenses
- $1,003,354
- Contributions and grants received
- $835,777
- Grants paid
- $127,500
- Program service revenue
- $0
- Investment income
- $17,491
- Other revenue
- $0
- Total assets, end of year
- $3,028,543
- Total liabilities, end of year
- $2,217,386
- Net assets or fund balances, end of year
- $811,157
- Program services expenses (Part IX)
- $992,313
- Management and general expenses
- $11,041
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $992,313
Program services were 98.9% 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.
-
1e · Government grants (contributions)
$266,036
-
1f · All other contributions, gifts and grants
$569,741
-
3 · Investment income
total $17,491 · excluded $17,491
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $127,500 · program services $127,500
-
11a · Fees: management
total $100,000 · program services $100,000
-
11b · Fees: legal
total $9,342 · program services $9,342
-
11c · Fees: accounting
total $9,265 · management and general $9,265
-
11g · Fees: other
total $59,687 · program services $59,687
-
12 · Advertising and promotion
total $13,593 · program services $13,593
-
13 · Office expenses
total $2,976 · program services $2,850 · management and general $126
-
17 · Travel
total $3,164 · program services $3,164
-
20 · Interest
total $1,400 · management and general $1,400
-
24a · Other expenses: CODORUS BEAUTIFICATION
total $399,840 · program services $399,840
-
24b · Other expenses: YORK POST OFFICE
total $176,992 · program services $176,992
-
24c · Other expenses: HANOVER MARKET HOUSE
total $39,645 · program services $39,645
-
24d · Other expenses: YORKTOWNE HOTEL
total $25,000 · program services $25,000
-
24e · All other expenses
total $34,950 · program services $34,700 · management and general $250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,335,318 · end of year $2,802,551
-
3 · Pledges and grants receivable
beginning of year $28,408 · end of year $61,384
-
4 · Accounts receivable
end of year $13,500
-
7 · Other notes and loans receivable
beginning of year $11,250 · end of year $109,258
-
9 · Prepaid expenses and deferred charges
end of year $41,850
-
17 · Accounts payable and accrued expenses
beginning of year $33,488 · end of year $245,564
-
19 · Deferred revenue
beginning of year $230,245 · end of year $1,851,822
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $120,000
-
27 · Net assets without donor restrictions
beginning of year $961,243 · end of year $811,157
Mission and programs · 2023
Mission
TO STIMULATE INTEREST IN AND TO ASSIST IN THE PROMOTION OF PLANS THAT PROMOTE THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF YORK COUNTY, IN ORDER TO INCREASE THE FLOW OF WAGES AND INCOME INTO THE CHANNELS OF TRADE AND COMMERCE.
Activities or mission (Part I)
TO STIMULATE INTEREST IN AND TO ASSIST IN THE PROMOTION OF PLANS THAT PROMOTE THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF YORK COUNTY.
-
ACTED AS A FISCAL SPONSOR, PROVIDING ALMOST 400,000 OF SUPPORT TO THE CODORUS CREEK BEAUTIFICATION PROJECT WHICH FOCUSES ON RESTORING ACCESS TO THE CREEK SHORELINE, REDUCING FLOODING IMPACTS, PROVIDING INCREASED PUBLIC RECREATION AMENITIES, AND ENCOURAGING ECONCOMIC DEVELOPMENT.
Expenses $399,840
-
ACTED AS A FISCAL SPONSOR, PROVIDING OVER 2,000,000 OF SUPPORT TO PURCHASE THE FORMER YORK POST OFFICE FOR REDEVELOPMENT IN CONJUNCTION WITH THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF YORK.
Expenses $176,992
-
BLOOM EMPOWERMENT CENTER SUPPORTS SMALL BUSINESS FORMATION AND GROWTH THROUGH EDUCATION, MENTORING, GRANTS, AND LOANS.
Expenses $317,336 · Grants $97,000
-
ACTED AS A FISCAL SPONSOR, PROVIDING 22,500 OF SUPPORT TO THE YORK COUNTY ECONOMIC ALLIANCE TO FUND THE SERVICES OF AN ECONOMIC ECOSYSTEM BUILDER. ACTED AS A FISCAL SPONSOR, PROVIDING 25,000 OF SUPPORT TO ASSIST WITH THE REDEVELOPMENT OF THE YORKTOWNE HOTEL. ACTED AS A FISCAL SPONSOR, PROVIDING ALMOST 40,000 TO FUND A STUDY REGARDING IMPROVEMENTS TO THE HANOVER MARKET HOUSE. ADMINISTERED RESTART GRANT PROGRAM FOR COUNTY OF YORK WHICH DISTRIBUTED 8,000 TO SMALL BUSINESSES TO ASSIST WITH COVID-19 RECOVERY.
Expenses $98,145 · Grants $30,500
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kevin SchreiberKEVIN SCHREIBER
PRESIDENT
- Total calculated
- $302,754
- From this org
- $0
- From related orgs
- $270,728
- Other
- $32,026
- Hours/week
- 0.5 + 39.5 related
Schedule J breakdown matched by us
- Base
- not reported + $270,728 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $32,026 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $302,754 related
-
Nancy BarryNANCY BARRY
TREASURER
- Total calculated
- $176,814
- From this org
- $0
- From related orgs
- $148,988
- Other
- $27,826
- Hours/week
- 0.5 + 39.5 related
Schedule J breakdown matched by us
- Base
- not reported + $148,988 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $27,826 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $176,814 related
-
Silas ChamberlinSILAS CHAMBERLIN
VICE PRESIDE
- Total calculated
- $181,359
- From this org
- $0
- From related orgs
- $166,518
- Other
- $14,841
- Hours/week
- 0.5 + 39.5 related
Schedule J breakdown matched by us
- Base
- not reported + $166,518 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $14,841 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $181,359 related
-
Katie MahoneyKATIE MAHONEY
SECRETARY
- Total calculated
- $160,987
- From this org
- $0
- From related orgs
- $144,092
- Other
- $16,895
- Hours/week
- 0.5 + 39.5 related
Schedule J breakdown matched by us
- Base
- not reported + $144,092 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $16,895 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $160,987 related
-
Grace QuarteyGRACE QUARTEY
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 3.8 related
-
Jeffrey VermeulenJEFFREY VERMEULEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 5.05 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 3
- THE RELATED ORGANIZATION UTILIZES A GOVERNANCE COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OF GOVERNANCE COMMITTEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$22,500
ACTION PLAN AND PROG
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
6 · FACILITATE · PA
-
YORK COUNTY CHAMBER OF COMMERCE
6 · PROMOTE · PA
-
YORK COUNTY ECONOMIC DEVELOPMENT CO
6 · ECON DEV · PA
-
3 · IMPROVE · PA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202412489349301816
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