Form 990 for tax year 2022
Filed by CHESTER COUNTY ECONOMIC DEVELOPMENT COUNCIL.
Totals
- Total revenue
- $4,816,221
- Total expenses
- $4,107,528
- Contributions and grants received
- $1,899,102
- Grants paid
- $0
- Program service revenue
- $2,876,962
- Investment income
- $29,148
- Other revenue
- $11,009
- Total assets, end of year
- $13,364,084
- Total liabilities, end of year
- $10,167,666
- Net assets or fund balances, end of year
- $3,196,418
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $4,107,528
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.
-
1c · Fundraising events
$134,720
-
1d · Related organizations
$127,000
-
1e · Government grants (contributions)
$1,391,983
-
1f · All other contributions, gifts and grants
$245,399
-
2a · Program service revenue: MANAGEMENT FEES
total $1,292,577 · related or exempt $1,292,577
-
2b · Program service revenue: SETTLEMENT FEES
total $1,070,599 · related or exempt $1,070,599
-
2c · Program service revenue: CONTRACT REVENUE
total $498,326 · related or exempt $498,326
-
2d · Program service revenue: OTHER INCOME
total $11,957 · related or exempt $11,957
-
2e · Program service revenue: MEETINGS AND EVENTS
total $3,503 · related or exempt $3,503
-
3 · Investment income
total $29,148 · excluded $29,148
-
6a · Gross rents
real property $13,150
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $13,150
-
6d · Net rental income or loss
total $13,150 · related or exempt $13,150
-
8a · Fundraising events: gross income
$113,600
-
8a · Fundraising events: contributions included on line 1c
$134,720
-
8b · Fundraising events: direct expenses
$115,741
-
8c · Net income from fundraising events
total -$2,141 · excluded -$2,141
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,437,425
-
8 · Pension plan contributions
total $66,239
-
9 · Other employee benefits
total $291,753
-
10 · Payroll taxes
total $186,857
-
11b · Fees: legal
total $7,745
-
11c · Fees: accounting
total $34,879
-
12 · Advertising and promotion
total $40,939
-
13 · Office expenses
total $52,373
-
17 · Travel
total $36,721
-
20 · Interest
total $685
-
22 · Depreciation, depletion and amortization
total $6,114
-
23 · Insurance
total $17,151
-
24a · Other expenses: GRANT AND CONTRACT
total $561,260
-
24b · Other expenses: RENT
total $223,670
-
24c · Other expenses: MAINTENANCE AND BUILDIN
total $86,378
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $33,060
-
24e · All other expenses
total $24,279
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,265,970 · end of year $994,316
-
2 · Savings and temporary cash investments
beginning of year $404,143 · end of year $605,415
-
3 · Pledges and grants receivable
beginning of year $132,019 · end of year $220,661
-
4 · Accounts receivable
beginning of year $207,075 · end of year $263,801
-
7 · Other notes and loans receivable
beginning of year $2,893,065 · end of year $4,404,879
-
9 · Prepaid expenses and deferred charges
beginning of year $10,012 · end of year $17,856
-
10a · Land, buildings and equipment: cost or other basis
$288,877
-
10b · Land, buildings and equipment: accumulated depreciation
$276,531
-
10c · Land, buildings and equipment, net
beginning of year $14,124 · end of year $12,346
-
15 · Other assets
beginning of year $216,246 · end of year $6,844,810
-
17 · Accounts payable and accrued expenses
beginning of year $341,136 · end of year $410,356
-
19 · Deferred revenue
beginning of year $148,139 · end of year $5,611,093
-
23 · Secured mortgages and notes payable
beginning of year $2,165,654 · end of year $3,391,037
-
25 · Other liabilities
beginning of year $0 · end of year $755,180
-
27 · Net assets without donor restrictions
beginning of year $2,487,725 · end of year $3,196,418
Mission and programs · 2022
Mission
TO FOSTER ECONOMIC GROWTH IN CHESTER COUNTY, PA BY PROVIDING MEANS TO LOW INTEREST FINANCING FOR NEW AND EXISTING BUSINESSES, SITE SELECTION ASSISTANCE, GRANT MANAGEMENT AND OTHER SERVICES.
-
VARIOUS LOW-INTEREST STATE FINANCING PROGRAMS TO QUALIFIED BUSINESSES
Expenses $4,107,528 · Grants $561,260 · Revenue $2,890,112
As filed on the 2022 return.
Listed in Part VII
-
Craig A Styer EsquireCRAIG A STYER ESQUIRE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Bill StedmanBILL STEDMAN
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael J HankinMICHAEL J HANKIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr R Lorraine BernotskyDR R LORRAINE BERNOTSKY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Arthur A Bernardon AiaARTHUR A BERNARDON AIA
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Conrad M OlieCONRAD M OLIE
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward J BreinerEDWARD J BREINER
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 0.5
-
Edwin A Brownley JrEDWIN A BROWNLEY JR
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
F William BogleF WILLIAM BOGLE
DIRECTOR EMERTIUS
- Total calculated
- $0
- Hours/week
- 0.5
-
Frank A PilieroFRANK A PILIERO
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hanno SprangerHANNO SPRANGER
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim ReadingJIM READING
DIRECTOR EMERTIUS
- Total calculated
- $0
- Hours/week
- 0.5
-
John C Snyder EsquireJOHN C SNYDER ESQUIRE
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Josh MaxwellJOSH MAXWELL
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Marian D MoskowitzMARIAN D MOSKOWITZ
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle KichlineMICHELLE KICHLINE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy R CorsonNANCY R CORSON
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
R Stanley SchuckR STANLEY SCHUCK
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert F Fischer CPAROBERT F FISCHER CPA
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Roger N Huggins EsquireROGER N HUGGINS ESQUIRE
DIRECTOR EMERTIUS
- Total calculated
- $0
- Hours/week
- 0.5
-
Tim PhelpsTIM PHELPS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
A Steven KrugA STEVEN KRUG
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Albert D FullerALBERT D FULLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Anand SolankiANAND SOLANKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Annette F FavoriteANNETTE F FAVORITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill HostetterBILL HOSTETTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bobby KagelBOBBY KAGEL
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian N O'Leary AicpBRIAN N O'LEARY AICP
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Diane M Disney PhDDIANE M DISNEY PHD
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Colin J NeillDR COLIN J NEILL
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Dwayne WaltonDWAYNE WALTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Gail B Dooley LPN CdpGAIL B DOOLEY LPN CDP
EX-OFFICIO IP CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
George Fiore EdDGEORGE FIORE EDD
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Greg NewellGREG NEWELL
EX-OFFICIO IP CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Greg VietriGREG VIETRI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory ReavesGREGORY REAVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
James E TurnerJAMES E TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeanette RomanJEANETTE ROMAN
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John J CameroJOHN J CAMERO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Joyce ChesterJOYCE CHESTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathy GormanKATHY GORMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura ManionLAURA MANION
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Lisa Van EssLISA VAN ESS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Louis B Kupperman EsquireLOUIS B KUPPERMAN ESQUIRE
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark DavisMARK DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt AdamsMATT ADAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael A Dehaven CPAMICHAEL A DEHAVEN CPA
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael F Merlie EsquireMICHAEL F MERLIE ESQUIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael J KellyMICHAEL J KELLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael LongMICHAEL LONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael A BrayMICHAEL A BRAY
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Miguel BaptistaMIGUEL BAPTISTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael CappellettiMICHAEL CAPPELLETTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nabila SajidNABILA SAJID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul TruskolaskiPAUL TRUSKOLASKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Perry BentleyPERRY BENTLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Phillip EastmanPHILLIP EASTMAN
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel RobertsRACHEL ROBERTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sassan Hejazi PhDSASSAN HEJAZI PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve FiggattSTEVE FIGGATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sue WatrasSUE WATRAS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Theo NotarasTHEO NOTARAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas J BurkeTHOMAS J BURKE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
W Patrick Scott EsquireW PATRICK SCOTT ESQUIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
W Todd PohligW TODD POHLIG
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
Craig AdlerCRAIG ADLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Christoper BeneventoCHRISTOPER BENEVENTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Marian McGorry PhDMARIAN MCGORRY PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria O'ConnellMARIA O'CONNELL
WDB CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sue SpringsteenSUE SPRINGSTEEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Helen J Esbenshade EsquireHELEN J ESBENSHADE ESQUIRE
SOLICITOR FOR CCEDC
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard Frazier EsquireRICHARD FRAZIER ESQUIRE
SOLICITOR FOR CCEDF
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike GrigalonisMIKE GRIGALONIS
COO
- Total calculated
- $189,343
- From this org
- $162,250
- From related orgs
- $0
- Other
- $27,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,250
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,093
- Filer's total
- $189,343
-
Gary SmithGARY SMITH
CEO
- Total calculated
- $219,154
- From this org
- $188,000
- From related orgs
- $0
- Other
- $31,154
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,154
- Filer's total
- $219,154
-
Chris McHenryCHRIS MCHENRY
VP, DEVEL. FINANCE
- Total calculated
- $151,704
- From this org
- $118,850
- From related orgs
- $0
- Other
- $32,854
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $118,850
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,854
- Filer's total
- $151,704
-
Sherwood RobbinsSHERWOOD ROBBINS
DIRECTOR LOAN PROGRAM
- Total calculated
- $195,910
- From this org
- $173,724
- From related orgs
- $0
- Other
- $22,186
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,724
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,186
- Filer's total
- $195,910
-
Mary Frances McGarrityMARY FRANCES MCGARRITY
BUSINESS DEVELOPMENT DIRECTOR
- Total calculated
- $149,337
- From this org
- $132,996
- From related orgs
- $0
- Other
- $16,341
- 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. 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 · Compensation committee
- 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
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.
-
SOUTH EASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA
501 (C) 6 · SERVES AS A CERTIFIED DEVELOPMENT CORPORATION TO FOSTER COMMERCIAL GROWTH · PA
-
CHESTER COUNTY ECONCOMIC DEVELOPMENT FOUNDATION
501 (C) 3 · ENGAGING IN EDUCATIONAL ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT · PA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202440169349305019
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