Form 990 for tax year 2023
Filed by POTTSTOWN AREA INDUSTRIAL DEVELOPMENT INC.
Totals
- Total revenue
- $556,772
- Total expenses
- $524,769
- Contributions and grants received
- $544,944
- Grants paid
- $0
- Program service revenue
- $10,936
- Investment income
- $892
- Other revenue
- $0
- Total assets, end of year
- $118,553
- Total liabilities, end of year
- $26,014
- Net assets or fund balances, end of year
- $92,539
- Program services expenses (Part IX)
- $457,399
- Management and general expenses
- $67,370
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $457,399
Program services were 87.2% 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.
-
1e · Government grants (contributions)
$288,284
-
1f · All other contributions, gifts and grants
$256,660
-
2a · Program service revenue: FEES FOR SERVICE
total $10,936 · related or exempt $10,936
-
3 · Investment income
total $892 · excluded $892
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $127,472 · program services $127,472
-
6 · Compensation of disqualified persons
total $78,445 · program services $78,445
-
9 · Other employee benefits
total $24,096 · program services $24,096
-
10 · Payroll taxes
total $16,286 · program services $16,286
-
11b · Fees: legal
total $6 · management and general $6
-
11c · Fees: accounting
total $14,716 · management and general $14,716
-
11g · Fees: other
total $93,253 · program services $42,877 · management and general $50,376
-
12 · Advertising and promotion
total $44,111 · program services $44,111
-
13 · Office expenses
total $9,706 · program services $9,706
-
14 · Information technology
total $866 · program services $866
-
19 · Conferences, conventions and meetings
total $6,765 · program services $6,765
-
21 · Payments to affiliates
total $991 · program services $991
-
23 · Insurance
total $2,272 · management and general $2,272
-
24a · Other expenses: GRANT EXPENSES
total $105,784 · program services $105,784
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $39,975 · end of year $39,346
-
2 · Savings and temporary cash investments
beginning of year $2,261 · end of year $32,017
-
10a · Land, buildings and equipment: cost or other basis
$903
-
10b · Land, buildings and equipment: accumulated depreciation
$903
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $44,314 · end of year $47,190
-
25 · Other liabilities
beginning of year $26,014 · end of year $26,014
-
27 · Net assets without donor restrictions
beginning of year $35,775 · end of year -$43,515
-
28 · Net assets with donor restrictions
beginning of year $24,761 · end of year $136,054
Mission and programs · 2023
Mission
THE PURPOSE OF THIS ORGANIZATION IS TO HELP DEVELOP, PROMOTE, ENCOURAGE AND PROTECT THE ECONOMIC WELFARE OF THE GREATER POTTSTOWN AREA OF MONTGOMERY COUNTY, PENNSYLVANIA
Activities or mission (Part I)
PAID'S MISSION IS TO DEVELOP, COORDINATE AND IMPLEMENT AN OVERALL ECONOMIC DEVELOPMENT STRATEGY FOR THE BOROUGH OF POTTSTOWN DESIGNED TO STIMULATE INVESTMENT WHICH WILL MAINTAIN AND ENHANCE THE TAX BASE; RETAIN AND CREATE JOB OPPORTUNITIES; AND RESTORE AND UTILIZE OR REMOVE UNDER-UTILIZED BUILDINGS.
-
THE PURPOSE OF CORPORATION IS TO PROMOTE ECONOMIC INVESTMENT AND DEVELOPMENT IN THE BOROUGH OF POTTSTOWN.
Expenses $457,399 · Revenue $10,936
As filed on the 2023 return.
Listed in Part VII
-
Margaret Lee-ClarkMARGARET LEE-CLARK
EXECUTIVE DIR/ SECRETARY
- Total calculated
- $127,472
- From this org
- $103,237
- From related orgs
- $0
- Other
- $24,235
- Hours/week
- 40
-
Justin KellerJUSTIN KELLER
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Swanson Until523REBECCA SWANSON UNTIL523
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Stephen RodriguezSTEPHEN RODRIGUEZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Aliyah Stranger Start1123ALIYAH STRANGER START1123
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Eileen DautrichEILEEN DAUTRICH
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jamie OttavianoJAMIE OTTAVIANO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa LightcapLISA LIGHTCAP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John JonesJOHN JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David HeffnerDAVID HEFFNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard NewellRICHARD NEWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Therol Dix Until1223THEROL DIX UNTIL1223
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dave KraybillDAVE KRAYBILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rick WoodRICK WOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John A Bown IIIJOHN A BOWN III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jon CohnJON COHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel GlennonDANIEL GLENNON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Celeste Schwartz Start1223CELESTE SCHWARTZ START1223
BOARD MEMBER
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422209349301757
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