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Nonprofiteer
← JOHNSTOWN AREA REGIONAL INDUSTRIES INC

Form 990 for tax year 2023

Filed by JOHNSTOWN AREA REGIONAL INDUSTRIES INC.

Totals

Total revenue
$1,838,203
Total expenses
$1,690,812
Contributions and grants received
$1,434,274
Grants paid
$0
Program service revenue
$329,411
Investment income
$74,518
Other revenue
$0
Total assets, end of year
$2,754,387
Total liabilities, end of year
$1,442,658
Net assets or fund balances, end of year
$1,311,729
Program services expenses (Part IX)
$1,633,136
Management and general expenses
$57,676
Fundraising expenses
$0
Program service expenses (Part III)
$1,633,136

Program services were 96.6% 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)

    $1,171,389

  • 1f · All other contributions, gifts and grants

    $262,885

  • 1g · Noncash contributions included above

    $45,385

  • 2a · Program service revenue: FEE FOR SERVICE INCOME

    total $207,360 · related or exempt $207,360

  • 2b · Program service revenue: SHOWCASE SPONSORSHIPS

    total $89,373 · related or exempt $89,373

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $31,920 · related or exempt $31,920

  • 2d · Program service revenue: SUBCRIPTION SERVICE IN

    total $758 · related or exempt $758

  • 3 · Investment income

    total $74,518 · excluded $74,518

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $355,877 · program services $217,068 · management and general $138,809

  • 7 · Other salaries and wages

    total $363,804 · program services $221,904 · management and general $141,900

  • 9 · Other employee benefits

    total $316,764 · program services $298,899 · management and general $17,865

  • 10 · Payroll taxes

    total $67,543 · program services $63,734 · management and general $3,809

  • 12 · Advertising and promotion

    total $6,482 · program services $1,840 · management and general $4,642

  • 16 · Occupancy

    total $47,606 · management and general $47,606

  • 17 · Travel

    total $96,207 · program services $90,059 · management and general $6,148

  • 20 · Interest

    total $7,446 · program services $7,300 · management and general $146

  • 22 · Depreciation, depletion and amortization

    total $6,039 · management and general $6,039

  • 23 · Insurance

    total $7,232 · management and general $7,232

  • 24a · Other expenses: GRANT EXPENSE

    total $265,870 · program services $265,870

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $45,498 · program services $33,886 · management and general $11,612

  • 24c · Other expenses: PROFESSIONAL SERVICES

    total $36,460 · program services $16,267 · management and general $20,193

  • 24d · Other expenses: SUPPLIES

    total $35,158 · program services $9,588 · management and general $25,570

  • 24e · All other expenses

    total $32,826 · program services $406,721 · management and general -$373,895

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $595,510 · end of year $809,299

  • 3 · Pledges and grants receivable

    beginning of year $209,571 · end of year $357,478

  • 4 · Accounts receivable

    beginning of year $397,777 · end of year $422,164

  • 7 · Other notes and loans receivable

    beginning of year $843,079 · end of year $1,079,978

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,655 · end of year $11,935

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

    $109,739

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

    $83,424

  • 10c · Land, buildings and equipment, net

    beginning of year $32,355 · end of year $26,315

  • 11 · Investments: publicly traded securities

    beginning of year $48,291 · end of year $47,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,515 · end of year $205,083

  • 23 · Secured mortgages and notes payable

    beginning of year $928,312 · end of year $1,237,575

  • 27 · Net assets without donor restrictions

    beginning of year $938,354 · end of year $1,065,278

  • 28 · Net assets with donor restrictions

    beginning of year $227,057 · end of year $246,451

Mission and programs · 2023

Mission

CREATE & MAINTAIN JOBS

  • DEFENSE PROCUREMENT- A COST SHARING GRANT TO PROVIDE MARKETING AND TECHNICAL ASSISTANCE IN SELLING GOODS AND SERVICES TO THE DEPARTMENT OF DEFENSE

    Expenses $398,421

  • WORKFORCE DEVELOPMENT TO PROVIDE FUNDING TO ENHANCE A SMALL BUSINESS'S WORKFORCE THROUGH CUSTOMIZED TRAINING PROGRAMS.

    Expenses $379,988

  • SBA MICROLOAN- JARI LENDS SMALL BUSINESS ADMINISTRATION (SBA) LOAN FUNDS TO AREA BUSINESSES TO HELP PROMOTE BUSINESS GROWTH. JARI USES GRANT FUNDING FROM THE SBA TO PROVIDE TECHNICAL ASSISTANCE TO MICROLOAN BORROWERS AND POTENTIAL BORROWERS.

    Expenses $454,895

  • Expenses $399,832 · Revenue $329,411

As filed on the 2023 return.

Listed in Part VII

  • Gregory Glosser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • William Locher

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • Adam Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Amy M Nielsen

    SECOND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • William Polacek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jeffrey Stopko

    FIRST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • Gregory Winger

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • John McKeegan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Matthew Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Christopher Overdorff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • William Caldwell

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Steven Nunez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • John Klein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Kyle Kunkle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Linda Thomson

    PRESIDENT, CEO

    Total calculated
    $199,138
    From this org
    $172,190
    From related orgs
    $0
    Other
    $26,948
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $172,190
    Bonus
    $0
    Other
    $0
    Deferred
    $16,000
    Nontaxable benefits
    $10,948
    Filer's total
    $199,138

  • Michele Clapper

    VICE PRESIDENT

    Total calculated
    $130,643
    From this org
    $102,160
    From related orgs
    $0
    Other
    $28,483
    Hours/week
    40 + 2 related

  • Brenda Fike

    CFO

    Total calculated
    $99,081
    From this org
    $81,527
    From related orgs
    $0
    Other
    $17,554
    Hours/week
    40 + 2 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

  • JOHNSTOWN INDUSTRIAL DEVELOPMENT C

    501(C)(3) · ECON DEVEL · PA

    Directly controlled by JARI

  • JARI GROWTH FUND INC

    501(C)(3) · ECON DEVEL · PA

    Directly controlled by JARI

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202443139349301819

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