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Nonprofiteer
← PARTNERSHIP FOR ECONOMIC DEVELOPMENT OF YORK COUNTY INC

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 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 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 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 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 Quartey

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.8 related
  • Jeffrey 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 September 2024
IRS schema version
2023v5.0
Source object
202412489349301816

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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