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Nonprofiteer
← GREATER ALTOONA ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by GREATER ALTOONA ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$112,929
Total expenses
$124,780
Contributions and grants received
$109,767
Grants paid
$10,000
Program service revenue
$0
Investment income
$3,162
Other revenue
$0
Total assets, end of year
$216,834
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$216,834
Program services expenses (Part IX)
$121,316
Management and general expenses
$3,464
Fundraising expenses
$0
Program service expenses (Part III)
$121,316

Program services were 97.2% 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

    $109,767

  • 1g · Noncash contributions included above

    $109,767

  • 3 · Investment income

    total $3,162 · related or exempt $3,162

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 11b · Fees: legal

    total $565 · management and general $565

  • 23 · Insurance

    total $1,549 · program services $1,549

  • 24a · Other expenses: CONTRACTED SERVICES

    total $109,767 · program services $109,767

  • 24b · Other expenses: PROFESSIONAL FEES

    total $2,725 · management and general $2,725

  • 24c · Other expenses: REGISTRATION FEES

    total $150 · management and general $150

  • 24d · Other expenses: BANK FEES

    total $24 · management and general $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,012 · end of year $123,067

  • 3 · Pledges and grants receivable

    beginning of year $2,000 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $68,269 · end of year $53,085

  • 7 · Other notes and loans receivable

    beginning of year $56,404 · end of year $40,682

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

    $4,315

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

    $4,315

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $205,112 · end of year $199,834

  • 28 · Net assets with donor restrictions

    beginning of year $23,573 · end of year $17,000

Mission and programs · 2023

Mission

TO IMPLEMENT AND COMPLETE ACTIVITES NECESSARY FOR DEVELOPMENT OF A REVITALIZATION PLAN FOR THE CITY OF ALTOONA AND SURROUNDING COMMUNITIES.

Activities or mission (Part I)

ECONOMIC DEVELOPMENT WITHIN THE CITY OF ALTOONA.

  • ENTERPRISE ZONE, FACADE REHABILITATION, AND ECONOMIC DEVELOPMENT- TO IMPLEMENT AND COMPLETE THOSE ACTIVITIES NECESSARY FOR DEVELOPMENT OF A REVITALIZATION PLAN FOR THE CITY OF ALTOONA

    Expenses $121,316 · Grants $10,000

As filed on the 2023 return.

Listed in Part VII

  • Stephen McKnight

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Matt Fox

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • David Butterbaugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • La Vonne Falbo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Louisa Lobre-Riley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sherri McGregor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Moschella Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Pacifico

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Omar Strohm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diana White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Horell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Ron McConnell

    FIRST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Ann Benzel

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 May 2024
IRS schema version
2023v5.0
Source object
202441799349301414

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