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Nonprofiteer
← HUNTINGDON COUNTY BUSINESS & INDUSTRY INC

Form 990 for tax year 2023

Filed by HUNTINGDON COUNTY BUSINESS & INDUSTRY INC.

Totals

Total revenue
$268,848
Total expenses
$263,267
Contributions and grants received
$184,368
Grants paid
$0
Program service revenue
$62,643
Investment income
$21,837
Other revenue
$0
Total assets, end of year
$1,388,732
Total liabilities, end of year
$320,195
Net assets or fund balances, end of year
$1,068,537
Program services expenses (Part IX)
$150,468
Management and general expenses
$112,799
Fundraising expenses
$0
Program service expenses (Part III)
$150,468

Program services were 57.2% 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)

    $184,368

  • 2a · Program service revenue: FEES FOR SERVICES

    total $43,266 · related or exempt $43,266

  • 2b · Program service revenue: LOAN AND ADMIN FEES

    total $10,936 · related or exempt $10,936

  • 2c · Program service revenue: LOCAL CONRTRIBUTION

    total $8,441 · related or exempt $8,441

  • 3 · Investment income

    total $21,837 · related or exempt $21,837

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $188,458 · program services $115,148 · management and general $73,310

  • 12 · Advertising and promotion

    total $830 · program services $507 · management and general $323

  • 13 · Office expenses

    total $5,974 · program services $3,650 · management and general $2,324

  • 16 · Occupancy

    total $12,677 · program services $6,855 · management and general $5,822

  • 19 · Conferences, conventions and meetings

    total $6,594 · program services $3,122 · management and general $3,472

  • 20 · Interest

    total $6,620 · program services $2,626 · management and general $3,994

  • 22 · Depreciation, depletion and amortization

    total $11,942 · management and general $11,942

  • 23 · Insurance

    total $3,716 · management and general $3,716

  • 24a · Other expenses: GRANTS

    total $12,133 · program services $12,133

  • 24b · Other expenses: PROFESSIONAL SERVICES

    total $8,340 · program services $3,605 · management and general $4,735

  • 24c · Other expenses: REAL ESTATE TAXES

    total $3,148 · program services $1,924 · management and general $1,224

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $1,470 · program services $898 · management and general $572

  • 24e · All other expenses

    total $1,365 · management and general $1,365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $501,502 · end of year $341,505

  • 7 · Other notes and loans receivable

    beginning of year $415,418 · end of year $578,067

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

    $422,062

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

    $43,124

  • 10c · Land, buildings and equipment, net

    beginning of year $381,679 · end of year $378,938

  • 12 · Investments: other securities

    beginning of year $60,917 · end of year $62,582

  • 15 · Other assets

    beginning of year $54,708 · end of year $27,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,136 · end of year $8,334

  • 19 · Deferred revenue

    beginning of year $9,817 · end of year $12,001

  • 23 · Secured mortgages and notes payable

    beginning of year $75,697 · end of year $62,589

  • 25 · Other liabilities

    beginning of year $252,618 · end of year $237,271

  • 27 · Net assets without donor restrictions

    beginning of year $535,031 · end of year $511,322

  • 28 · Net assets with donor restrictions

    beginning of year $527,925 · end of year $557,215

Mission and programs · 2023

Mission

HUNTINGDON COUNTY BUSINESS AND INDUSTRY, INCORPORATED (CORPORATION) IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE COMMERCIAL, INDUSTRIAL, RECREATIONAL, EDUCATIONAL, AGRICULTURAL AND CIVIC INTERESTS OF THE COUNTY OF HUNTINGDON.

Activities or mission (Part I)

TO ATTRACT AND RETAIN EMPLOYERS IN HUNTINGDON COUNTY, PA

  • ENCOURAGE, PROMOTE, & FACILITATE FINANCIALLY THE ACQUISITION AND DEVELOPMENT OF REAL ESTATE

    Expenses $150,468 · Revenue $84,480

As filed on the 2023 return.

Listed in Part VII

  • Cory Sisto

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jinny Cooper

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Courtney Lang

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Clay McMath

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brendon Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Covert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Esposito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracey Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwendolyn Borger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Ulrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Jim Troha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Yoder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Cipar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennie Cramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Gardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Wessels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Burger

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.1
Source object
202442969349300944

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