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Nonprofiteer
← HARRISBURG ECONOMIC DEVELOPMENTCORPORATION

Form 990 for tax year 2025

Filed by HARRISBURG ECONOMIC DEVELOPMENTCORPORATION.

Totals

Total revenue
$182,450
Total expenses
$295,445
Contributions and grants received
$105,250
Grants paid
$190,622
Program service revenue
$0
Investment income
$91,447
Other revenue
-$14,247
Total assets, end of year
$498,114
Total liabilities, end of year
$268,920
Net assets or fund balances, end of year
$229,194
Program services expenses (Part IX)
$278,973
Management and general expenses
$16,472
Fundraising expenses
$0
Program service expenses (Part III)
$278,973

Program services were 94.4% 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.

  • 1f · All other contributions, gifts and grants

    $105,250

  • 3 · Investment income

    total $5,773 · excluded $5,773

  • 6a · Gross rents

    real property $31,800

  • 6b · Less rental expenses

    real property $46,047

  • 6c · Rental income or loss

    real property -$14,247

  • 6d · Net rental income or loss

    total -$14,247 · excluded -$14,247

  • 7a · Gross sales of assets other than inventory

    other assets $190,622

  • 7b · Less cost or other basis and sales expenses

    other assets $104,948

  • 7c · Gain or loss

    other assets $85,674

  • 7d · Net gain or loss

    total $85,674 · excluded $85,674

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,622 · program services $190,622

  • 11c · Fees: accounting

    total $3,186 · management and general $3,186

  • 12 · Advertising and promotion

    total $3,478 · management and general $3,478

  • 13 · Office expenses

    total $3,491 · management and general $3,491

  • 16 · Occupancy

    total $1,575 · management and general $1,575

  • 22 · Depreciation, depletion and amortization

    total $380 · management and general $380

  • 23 · Insurance

    total $3,907 · management and general $3,907

  • 24a · Other expenses: OTHER CONTRACTED EXPENS

    total $88,351 · program services $88,351

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $110 · management and general $110

  • 24e · All other expenses

    total $345 · management and general $345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,698 · end of year $181,520

  • 4 · Accounts receivable

    beginning of year $1,354

  • 10a · Land, buildings and equipment: cost or other basis

    $390,785

  • 10b · Land, buildings and equipment: accumulated depreciation

    $74,191

  • 10c · Land, buildings and equipment, net

    beginning of year $435,053 · end of year $316,594

  • 25 · Other liabilities

    beginning of year $291,916 · end of year $268,920

  • 27 · Net assets without donor restrictions

    beginning of year $342,189 · end of year $229,194

Mission and programs · 2025

Mission

TO CREATE NEW POSSIBILITIES FOR COMMUNITY GROWTH

  • ACTIVITIES AND EVENTS HELD TO ENHANCE THE LIFESTYLE WITHIN OUR GROWING COMMUNITY BOTH COMMERCIALLY AND RESIDENTIALLY.

    Expenses $278,973 · Grants $190,622

As filed on the 2025 return.

Listed in Part VII

  • Marcus Mahlen

    HEDC CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Leap Chear

    HEDC VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cory Van Maanen

    HEDC TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ashley Mayland

    HEDC BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Meyer

    HEDC BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Rasmussen

    HEDC BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Mantz

    HEDC BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tina Heeren

    HEDC BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Erickson

    HEDC BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amanda Mack

    HEDC BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2025
Filed
13 February 2026
IRS schema version
2025v4.0
Source object
202610599349300726

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