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Nonprofiteer
← PENNSYLVANIA ECONOMY LEAGUE INC

Form 990 for tax year 2022

Filed by PENNSYLVANIA ECONOMY LEAGUE INC.

Totals

Total revenue
$4,318,756
Total expenses
$3,903,549
Contributions and grants received
$3,215,815
Grants paid
$0
Program service revenue
$1,100,650
Investment income
$2,291
Other revenue
$0
Total assets, end of year
$2,565,314
Total liabilities, end of year
$1,919,406
Net assets or fund balances, end of year
$645,908
Program services expenses (Part IX)
$3,069,956
Management and general expenses
$637,765
Fundraising expenses
$195,828
Program service expenses (Part III)
$3,069,956

Program services were 78.6% 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)

    $368,506

  • 1f · All other contributions, gifts and grants

    $2,847,309

  • 2a · Program service revenue: CENTRAL PROJECT REV

    total $665,925 · related or exempt $665,925

  • 2b · Program service revenue: ELGP PROJECT REVENUE

    total $407,250 · related or exempt $407,250

  • 2c · Program service revenue: PELGP PROGRAM REVENUE

    total $27,475 · related or exempt $27,475

  • 3 · Investment income

    total $2,291 · excluded $2,291

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $231,647 · program services $111,220 · management and general $37,826 · fundraising $82,601

  • 7 · Other salaries and wages

    total $1,211,550 · program services $1,003,777 · management and general $181,493 · fundraising $26,280

  • 8 · Pension plan contributions

    total $36,289 · program services $29,183 · management and general $5,888 · fundraising $1,218

  • 9 · Other employee benefits

    total $94,071 · program services $71,991 · management and general $19,419 · fundraising $2,661

  • 10 · Payroll taxes

    total $120,599 · program services $95,536 · management and general $18,395 · fundraising $6,668

  • 11b · Fees: legal

    total $986 · management and general $986

  • 11c · Fees: accounting

    total $163,536 · program services $41,058 · management and general $121,777 · fundraising $701

  • 11g · Fees: other

    total $543,618 · program services $450,750 · management and general $56,653 · fundraising $36,215

  • 12 · Advertising and promotion

    total $14,546 · program services $9,311 · management and general $5,198 · fundraising $37

  • 13 · Office expenses

    total $65,062 · program services $35,664 · management and general $25,609 · fundraising $3,789

  • 14 · Information technology

    total $28,460 · program services $15,818 · management and general $11,120 · fundraising $1,522

  • 16 · Occupancy

    total $107,494 · program services $72,212 · management and general $28,367 · fundraising $6,915

  • 17 · Travel

    total $31,425 · program services $23,215 · management and general $7,608 · fundraising $602

  • 19 · Conferences, conventions and meetings

    total $64,193 · program services $11,207 · management and general $49,373 · fundraising $3,613

  • 22 · Depreciation, depletion and amortization

    total $9,824 · program services $2,453 · management and general $2,304 · fundraising $5,067

  • 23 · Insurance

    total $28,385 · program services $19,994 · management and general $6,827 · fundraising $1,564

  • 24a · Other expenses: SHARED EXPENSES

    total $789,569 · program services $730,219 · management and general $44,637 · fundraising $14,713

  • 24b · Other expenses: PROJECT AND EVENT EXP

    total $213,199 · program services $210,541 · management and general $2,658 · fundraising $0

  • 24c · Other expenses: RESEARCH TOOLS

    total $78,070 · program services $76,097 · management and general $1,973 · fundraising $0

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $22,162 · program services $22,162 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $48,864 · program services $37,548 · management and general $9,654 · fundraising $1,662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $740,819 · end of year $711,322

  • 2 · Savings and temporary cash investments

    beginning of year $913,562 · end of year $1,085,159

  • 3 · Pledges and grants receivable

    beginning of year $893,288 · end of year $559,100

  • 4 · Accounts receivable

    beginning of year $4,412 · end of year $75,587

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,800 · end of year $39,307

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

    $257,678

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

    $240,609

  • 10c · Land, buildings and equipment, net

    beginning of year $23,880 · end of year $17,069

  • 11 · Investments: publicly traded securities

    beginning of year $2,500 · end of year $2,500

  • 15 · Other assets

    beginning of year $11,206 · end of year $75,270

  • 17 · Accounts payable and accrued expenses

    beginning of year $290,187 · end of year $192,773

  • 19 · Deferred revenue

    beginning of year $127,173 · end of year $41,776

  • 24 · Unsecured notes and loans payable

    beginning of year $254,042 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,142,412 · end of year $1,684,857

  • 27 · Net assets without donor restrictions

    beginning of year -$1,046,875 · end of year -$497,730

  • 28 · Net assets with donor restrictions

    beginning of year $874,528 · end of year $1,143,638

Mission and programs · 2022

Mission

THE PENNSYLVANIA ECONOMY LEAGUE (PEL) IS AN INDEPENDENT NON-PROFIT PUBLIC POLICY RESEARCH AND DEVELOPMENT ORGANIZATION COMPRISED OF THREE LIMITED LIABILITY COMPANIES: PEL, SOUTHEASTERN PA, LLC, DBA ECONOMY LEAGUE OF GREATER PHILADELPHIA; SEE SCHEDULE O FOR CONTINUATIONTHE PENNSYLVANIA ECONOMY LEAGUE OF SOUTHWESTERN PA, LLC, DBA THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH; AND THE PENNSYLVANIA ECONOMY LEAGUE, CENTRAL PA, LLC. PEL'S MISSION IS TO PROVIDE INDEPENDENT RESEARCH ON EMERGING ISSUES IN ORDER TO STIMULATE PUBLIC AND PRIVATE ACTION AND TO MAKE PENNSYLVANIA A BETTER PLACE TO LIVE, WORK AND DO BUSINESS. ITS PURPOSE IS TO CREATE A KNOWLEDGEABLE CORPORATE AND CIVIC AUDIENCE TO HELP ENSURE THE ECONOMIC COMPETITIVENESS OF THE COMMONWEALTH AND ITS REGIONS.

Activities or mission (Part I)

THE PENNSYLVANIA ECONOMY LEAGUE ("PEL") IS AN INDEPENDENT NON-PROFIT PUBLIC POLICY RESEARCH ENTITY.

  • THE ECONOMY LEAGUE OF GREATER PHILADELPHIA FOSTERS EQUITABLE AND INCLUSIVE GROWTH IN GREATER PHILADELPHIA BY PRODUCING IMPACTFUL, NONPARTISAN RESEARCH, CONNECTING DIVERSE LEADERS, AND ADVANCING SHARED SOLUTIONS. THE ELGP IS OUR REGION'S INDEPENDENT THINK-AND-DO TANK, FOUNDED IN 1909 AS THE PHILADELPHIA BUREAU OF MUNICIPAL RESEARCH BY FORWARD-THINKING CIVIC LEADERS, UNITED BY THE BELIEF THAT BUSINESS HAS A CIVIC RESPONSIBILITY BEYOND PROFIT-MAKING, AND THAT IT IS THE CITIZENS BUSINESS TO ENSURE THAT LOCAL GOVERNMENT AND THE LOCAL ECONOMY WORK FOR ALL. SEE SCHEDULE O FOR CONTINUATION

    Expenses $1,647,411 · Revenue $407,250

  • THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH (PELGP), ALONG WITH OUR AFFILIATED ORGANIZATIONS: ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (ACCD OR THE CONFERENCE), PITTSBURGH REGIONAL ALLIANCE (PRA) AND GREATER PITTSBURGH CHAMBER OF COMMERCE (GPCC) - AND OUR REGIONAL INVESTOR COUNCIL PARTNERS, TOOK IMPORTANT STEPS TOWARD ACHIEVING THE VITAL, GLOBALLY COMPETITIVE REGION WE ALL WANT.SEE SCHEDULE O FOR CONTINUATION

    Expenses $858,999 · Revenue $27,475

  • CENTRAL PA: THE CONTINUING ISSUE OF LOCAL GOVERNMENT FINANCIAL DISTRESS REMAINED THE CENTER OF THE CENTRAL PA LLC'S RESEARCH, CIVIC LEADERSHIP EDUCATION, AND PROJECT AGENDAS DURING 2022. RISING INFLATION AND UNCERTAIN ECONOMIC REALITIES ONLY STRENGTHENED THE NEED TO FOCUS ON LOCAL GOVERNMENT FISCAL DISTRESS. SEE SCHEDULE O FOR CONTINUATION

    Expenses $563,546 · Revenue $665,925

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JEFF HORNSTEIN

    EXECUTIVE DIRECTOR

    Total calculated
    $231,647
    From this org
    $207,302
    From related orgs
    $0
    Other
    $24,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,302
    Bonus
    $25,000
    Other
    $0
    Deferred
    $11,162
    Nontaxable benefits
    $13,183
    Filer's total
    $231,647

  • DAVID BLUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELLIOT DINKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH DORMAN

    DIRECTOR (EXITED 07/22)

    Total calculated
    $0
    Hours/week
    1

  • PETER GROLLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STUART G HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RYAN MCGOWAN

    DIRECTOR (ENTERED 11/22)

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SNIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE STETLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRED CALLAHAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM RHODES

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JNELLE LAWRENCE

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $140,900
    From this org
    $116,302
    From related orgs
    $0
    Other
    $24,598
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR RECEIVED A BONUS OF $25,000 IN CALENDAR YEAR 2022. THE DEPUTY EXECUTIVE DIRECTOR RECEIVED A BONUS OF $7,000 IN CALENDAR YEAR 2022.

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349306312

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