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Nonprofiteer
← CUMBERLAND AREA ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by CUMBERLAND AREA ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$3,992,452
Total expenses
$2,158,450
Contributions and grants received
$3,275,410
Grants paid
$0
Program service revenue
$618,324
Investment income
$71,977
Other revenue
$26,741
Total assets, end of year
$8,678,549
Total liabilities, end of year
$1,564,055
Net assets or fund balances, end of year
$7,114,494
Program services expenses (Part IX)
$2,036,351
Management and general expenses
$104,339
Fundraising expenses
$17,760
Program service expenses (Part III)
$2,036,351

Program services were 94.3% 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)

    $3,200,410

  • 1f · All other contributions, gifts and grants

    $75,000

  • 2a · Program service revenue: ECONOMIC DEVELOPMENT

    total $444,012 · related or exempt $444,012

  • 2b · Program service revenue: TOURISM REVENUE

    total $120,335 · related or exempt $120,335

  • 2c · Program service revenue: LOAN REVENUE

    total $20,450 · related or exempt $20,450

  • 2d · Program service revenue: ADVERTISING REVENUE

    total $18,527 · unrelated business $18,527

  • 2e · Program service revenue: IDA REVENUE

    total $15,000 · related or exempt $15,000

  • 3 · Investment income

    total $71,977 · excluded $71,977

  • 8a · Fundraising events: gross income

    $37,855

  • 8b · Fundraising events: direct expenses

    $13,005

  • 8c · Net income from fundraising events

    total $24,850 · excluded $24,850

  • 11a · Other revenue: OTHER REVENUE

    total $1,891 · related or exempt $1,891

  • 11e · Other revenue, total

    $1,891

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $76,495 · program services $58,633 · management and general $14,036 · fundraising $3,826

  • 7 · Other salaries and wages

    total $649,809 · program services $613,355 · management and general $33,595 · fundraising $2,859

  • 9 · Other employee benefits

    total $94,525 · program services $84,439 · management and general $8,441 · fundraising $1,645

  • 10 · Payroll taxes

    total $57,099 · program services $51,007 · management and general $5,099 · fundraising $993

  • 11b · Fees: legal

    total $4,984 · program services $4,452 · management and general $445 · fundraising $87

  • 11c · Fees: accounting

    total $48,389 · program services $43,226 · management and general $4,321 · fundraising $842

  • 11g · Fees: other

    total $171,800 · program services $153,470 · management and general $15,342 · fundraising $2,988

  • 12 · Advertising and promotion

    total $751,657 · program services $737,902 · management and general $11,500 · fundraising $2,255

  • 13 · Office expenses

    total $127,893 · program services $120,221 · management and general $6,419 · fundraising $1,253

  • 16 · Occupancy

    total $43,383 · program services $38,749 · management and general $3,870 · fundraising $764

  • 17 · Travel

    total $8,808 · program services $7,868 · management and general $787 · fundraising $153

  • 20 · Interest

    total $13,833 · program services $13,833

  • 22 · Depreciation, depletion and amortization

    total $5,566 · program services $4,987 · management and general $484 · fundraising $95

  • 23 · Insurance

    total $8,316 · program services $8,316

  • 24a · Other expenses: ASSET PRODUCTION DEVELOP

    total $47,141 · program services $47,141

  • 24b · Other expenses: DEFENSE GROUP

    total $21,952 · program services $21,952

  • 24c · Other expenses: MEMBERSHIPS & DUES

    total $11,136 · program services $11,136

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $8,162 · program services $8,162

  • 24e · All other expenses

    total $7,502 · program services $7,502

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,277,240 · end of year $4,255,239

  • 4 · Accounts receivable

    beginning of year $548,359 · end of year $1,282,169

  • 7 · Other notes and loans receivable

    beginning of year $1,283,045 · end of year $1,048,010

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,098 · end of year $75,207

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

    $144,571

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

    $134,916

  • 10c · Land, buildings and equipment, net

    beginning of year $15,221 · end of year $9,655

  • 15 · Other assets

    beginning of year $1,925,581 · end of year $2,008,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $133,106 · end of year $143,914

  • 18 · Grants payable

    beginning of year $140,382 · end of year $114,801

  • 19 · Deferred revenue

    beginning of year $28,604 · end of year $324

  • 23 · Secured mortgages and notes payable

    beginning of year $1,388,243 · end of year $1,174,750

  • 25 · Other liabilities

    beginning of year $130,717 · end of year $130,266

  • 27 · Net assets without donor restrictions

    beginning of year $5,280,492 · end of year $7,114,494

Mission and programs · 2022

Mission

TO PRESERVE, FACILITATE, PROMOTE AND FOSTER ECONOMIC DEVELOPMENT WITHIN CUMBERLAND COUNTY AND THE SURROUNDING REGIONS, BY PROVIDING INTEGRATED ECONOMIC DEVELOPMENT AND TOURISM MARKETING SERVICES TO, AND ON BEHALF OF, THE CITIZENS OF THE COUNTY, THE SOUTH CENTRAL PENNSYLVANIA REGION, AND THE COMMONWEALTH OF PENNSYLVANIA.

  • TOURISM OPERATIONS SERVE TO MARKET CUMBERLAND COUNTY AS A VISITOR DESTINATION AND WORKS CLOSELY WITH SCORES OF ACTIVE LODGING ESTABLISHMENTS, OTHER ATTRACTIONS, RESTAURANTS, AND SERVICES TO PRESENT SEVERAL SPECIFIC TOURISM THEMES TO TARGET AUDIENCES IN CONSUMER, GROUP TOUR, AND SMALL MEETING MARKETS. TOURISM EFFORTS HAVE GENERATED THOUSANDS OF LEADS AS A RESULT OF DIRECT MARKETING EFFORTS AND INCREASED WEBSITE VISITATION.

    Expenses $545,048 · Revenue $120,335

  • ECONOMIC DEVELOPMENT EFFORTS BENEFITED THE JOB CLIMATE & ECONOMIC HEALTH OF THE CITIZENS OF CUMBERLAND COUNTY,PENNSYLVANIA THROUGH PROGRAMS, CONSULTING SERVICES, OUTREACH, FINANCING ACTIVITIES AND EDUCATIONAL WORKSHOPS. KEY INDUSTRIES TARGETED INCLUDE MANUFACTURING, LOGISTICS, AGRICULTURE, TECHNOLOGY, AND PROFESSIONAL SERVICES. SCORES OF BUSINESSES WERE SERVED ACROSS 33 MUNICIPALITIES THROUGHOUT THE COUNTY.

    Expenses $1,459,806 · Revenue $476,482

  • OTHER PROGRAM SERVICES

    Expenses $31,497

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

Listed in Part VII

  • Crystal Quintin

    CHAIRWOMEN

    Total calculated
    $0
    Hours/week
    1

  • Michael Shaull

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Cox

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gary Eichelberger

    DELEGATE COM

    Total calculated
    $0
    Hours/week
    1

  • Vincent T Difilippo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jean Foschi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amey Sgrignoli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Tuckey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Isch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don Kibler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Rampulla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Reimer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jamie Keener

    FORMER CEO

    Total calculated
    $26,171
    From this org
    $25,401
    From related orgs
    $0
    Other
    $770
    Hours/week
    40

  • Shireen Farr

    FORMER COO

    Total calculated
    $7,696
    From this org
    $6,710
    From related orgs
    $0
    Other
    $986
    Hours/week
    40

  • Mary Breaithwaite

    DIRECTOR OF

    Total calculated
    $42,628
    From this org
    $41,953
    From related orgs
    $0
    Other
    $675
    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.

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.

  • REAL ESTATE COLLABORATIVE LLC

    DEVELOPMEN · PA

    Directly controlled by CAEDC

  • REC TELLC

    DEVELOPMEN · PA

    Directly controlled by REC LLC

Provenance

Return type
form_990
Tax year
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202311179349300146

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