Form 990 for tax year 2022
Filed by ECONOMIC GROWTH CONNECTION OF WESTMORELAND.
Totals
- Total revenue
- $3,019,666
- Total expenses
- $958,339
- Contributions and grants received
- $2,170,854
- Grants paid
- $0
- Program service revenue
- $170,750
- Investment income
- $25,891
- Other revenue
- $652,171
- Total assets, end of year
- $20,902,241
- Total liabilities, end of year
- $4,161,868
- Net assets or fund balances, end of year
- $16,740,373
- Program services expenses (Part IX)
- $660,793
- Management and general expenses
- $200,664
- Fundraising expenses
- $96,882
- Program service expenses (Part III)
- $660,793
Program services were 69.0% 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
$2,170,854
-
2a · Program service revenue: LOAN & APPLICATION FEES
total $63,222 · unrelated business $0 · excluded $0
-
2b · Program service revenue: LOAN PROGRAM REVENUE
total $2,528 · unrelated business $0 · excluded $0
-
2c · Program service revenue: WPPSEF CONTRACT SERVICES
total $105,000 · unrelated business $0 · excluded $0
-
3 · Investment income
total $25,891 · unrelated business $0 · excluded $25,891
-
6a · Gross rents
real property $622,116
-
6b · Less rental expenses
real property $530,243
-
6c · Rental income or loss
real property $91,873
-
6d · Net rental income or loss
total $91,873 · excluded $91,873
-
8a · Fundraising events: gross income
$28,950
-
8b · Fundraising events: direct expenses
$22,332
-
8c · Net income from fundraising events
total $6,618 · unrelated business $0 · excluded $6,618
-
11a · Other revenue: MISCELLANEOUS
total $3,680 · related or exempt $0 · unrelated business $0 · excluded $3,680
-
11b · Other revenue: LIGONIER ARMORY LOAN FORGIVENESS
total $550,000 · related or exempt $550,000 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$553,680
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $215,658 · program services $129,395 · management and general $47,443 · fundraising $38,820
-
7 · Other salaries and wages
total $259,212 · program services $187,548 · management and general $39,414 · fundraising $32,250
-
8 · Pension plan contributions
total $32,012 · program services $19,205 · management and general $7,041 · fundraising $5,766
-
9 · Other employee benefits
total $71,564 · program services $40,795 · management and general $18,535 · fundraising $12,234
-
10 · Payroll taxes
total $28,041 · program services $16,824 · management and general $6,170 · fundraising $5,047
-
11a · Fees: management
total $17,146 · program services $5,896 · management and general $11,250 · fundraising $0
-
11b · Fees: legal
total $24,314 · program services $21,397 · management and general $2,917 · fundraising $0
-
11c · Fees: accounting
total $16,900 · program services $14,196 · management and general $2,704 · fundraising $0
-
11g · Fees: other
total $20,459 · program services $20,459 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $4,899 · program services $4,409 · management and general $490 · fundraising $0
-
13 · Office expenses
total $21,133 · program services $14,781 · management and general $5,184 · fundraising $1,168
-
16 · Occupancy
total $15,592 · program services $13,097 · management and general $2,495 · fundraising $0
-
17 · Travel
total $10,175 · program services $8,757 · management and general $1,418 · fundraising $0
-
19 · Conferences, conventions and meetings
total $4,030 · program services $4,030 · management and general $0 · fundraising $0
-
20 · Interest
total $26,733 · program services $26,733 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $74,769 · program services $54,748 · management and general $20,021 · fundraising $0
-
23 · Insurance
total $23,774 · program services $19,970 · management and general $3,804 · fundraising $0
-
24a · Other expenses: BANK FEES
total $6,252 · program services $2,626 · management and general $3,376 · fundraising $250
-
24b · Other expenses: LIGONIER ARMORY
total $4,832 · program services $4,832 · management and general $0 · fundraising $0
-
24c · Other expenses: WORKFORCE ACTIVITIES
total $11,877 · program services $11,877 · management and general $0 · fundraising $0
-
24d · Other expenses: MEALS & ENTERTAINMENT
total $6,165 · program services $0 · management and general $6,165 · fundraising $0
-
24e · All other expenses
total $62,802 · program services $39,218 · management and general $22,237 · fundraising $1,347
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,456,686 · end of year $1,434,438
-
2 · Savings and temporary cash investments
beginning of year $610,282 · end of year $2,649,515
-
4 · Accounts receivable
beginning of year $198,848 · end of year $929,522
-
7 · Other notes and loans receivable
beginning of year $492,257 · end of year $379,371
-
8 · Inventories for sale or use
beginning of year $102,238 · end of year $102,238
-
9 · Prepaid expenses and deferred charges
beginning of year $17,026 · end of year $24,577
-
10a · Land, buildings and equipment: cost or other basis
$19,826,823
-
10b · Land, buildings and equipment: accumulated depreciation
$4,444,243
-
10c · Land, buildings and equipment, net
beginning of year $12,353,810 · end of year $15,382,580
-
17 · Accounts payable and accrued expenses
beginning of year $599,186 · end of year $457,815
-
19 · Deferred revenue
end of year $3,500
-
23 · Secured mortgages and notes payable
beginning of year $2,952,915 · end of year $3,638,553
-
25 · Other liabilities
beginning of year $0 · end of year $62,000
-
27 · Net assets without donor restrictions
beginning of year $13,054,940 · end of year $15,060,319
-
28 · Net assets with donor restrictions
beginning of year $1,624,106 · end of year $1,680,054
Mission and programs · 2022
Mission
BUSINESS LEADERSHIP AND FINANCING - PROVIDE THE BUSINESS SECTOR LEADERSHIP TO DEVELOP BUSINESS OPPORTUNITIES AND FINANCING THAT CREATES AND RETAINS QUALITY JOBS IN WESTMORELAND COUNTY AND THE REGION. AS A LEADER, AND IN PARTNERSHIP WITH OTHERS,EGCW PROVIDES SUPPORT TO COUNTY COMPANIES TO HELP GROW & PROSPER.
-
FINANCING ASSISTANCE IDENTIFY POTENTIAL SOURCES OF FUNDING AT THE LOCAL, STATE AND FEDERAL LEVELS AND STRUCTURING PROJECTS TO OBTAIN THE GREATEST AMOUNT OF LOW COST FINANCING. EGCW FACILITATES THE PROCESS FROM DUE DILIGENCE THROUGH CLOSING.
Expenses $562,334 · Revenue $720,750
-
WORKFORCE DEVELOPMENT WORK COLLABORATIVELY WITH SCHOOL DISTRICTS, HIGHER EDUCATION, ECONOMIC DEVELOPMENT AND INDUSTRY PARTNERS TO DISCOVER AND IMPLEMENT NEW SOLUTIONS TO BETTER ALIGN EDUCATION WITH THE NEEDS OF REGIONAL EMPLOYMENT CLUSTERS.
Expenses $98,459
As filed on the 2022 return.
Listed in Part VII
-
James L SmithJAMES L SMITH
PRESIDENT/CEO
- Total calculated
- $188,270
- From this org
- $158,461
- From related orgs
- $0
- Other
- $29,809
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $158,461 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,450 related
- Nontaxable benefits
- $0 + $18,359 related
- Filer's total
- $0 + $188,270 related
-
George AppGEORGE APP
ACCOUNTANT
- Total calculated
- $74,236
- From this org
- $57,197
- From related orgs
- $0
- Other
- $17,039
- Hours/week
- 40
-
Kevin JansmaKEVIN JANSMA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Peter CooperPETER COOPER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Michael PaulyMICHAEL PAULY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jason RigoneJASON RIGONE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Chad AmondCHAD AMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don ClairDON CLAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce CornaBRUCE CORNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason CornaJASON CORNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mary FingerDR MARY FINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa FrederickLISA FREDERICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Robert GregersonDR ROBERT GREGERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristen KaibKRISTEN KAIB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcy KarasekMARCY KARASEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ed KilkearyED KILKEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John P KlineJOHN P KLINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy KukovichNANCY KUKOVICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ralph LiberatoreRALPH LIBERATORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Robert MayfieldDR ROBERT MAYFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyle MetsgerKYLE METSGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter MoorheadWALTER MOORHEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David OmatickDAVID OMATICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick PfughNICK PFUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gennaro Piraino JrDR GENNARO PIRAINO JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul PuleoPAUL PULEO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy RoadmanRANDY ROADMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim SammaroneJIM SAMMARONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SmailMARK SMAIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kevin SniderDR KEVIN SNIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John SphonJOHN SPHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tuesday StanleyDR TUESDAY STANLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott TarabekSCOTT TARABEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fr Paul TaylorFR PAUL TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacey WinfieldSTACEY WINFIELD
DIRECTOR
- 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. 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
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.
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.
-
WEST PENN POWER SUSTAINABLE ENERGY
501(c)(3) · Sustainable Energy · PA
Directly controlled by NA
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.
-
NK DEVELOPMENT LLC
TO ACQUIRE AND DEVELOP REAL ESTATE · PA · assets $0
Directly controlled by ECONOMIC GROWTH CONNECTION OF WESTMORELAND
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302689349301405
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