Form 990 for tax year 2024
Filed by CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $2,975,471
- Total expenses
- $2,902,961
- Contributions and grants received
- $2,609,383
- Grants paid
- $0
- Program service revenue
- $205,060
- Investment income
- $32,598
- Other revenue
- $128,430
- Total assets, end of year
- $3,845,783
- Total liabilities, end of year
- $2,024,187
- Net assets or fund balances, end of year
- $1,821,596
- Program services expenses (Part IX)
- $2,726,217
- Management and general expenses
- $176,744
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,726,217
Program services were 93.9% 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)
$2,581,633
-
1f · All other contributions, gifts and grants
$27,750
-
2a · Program service revenue: FACILITY RENTAL INCOME
total $205,060 · related or exempt $205,060
-
3 · Investment income
total $32,598 · excluded $32,598
-
6a · Gross rents
real property $17,433
-
6b · Less rental expenses
real property $30,928
-
6c · Rental income or loss
real property -$13,495
-
6d · Net rental income or loss
total -$13,495 · excluded -$13,495
-
11a · Other revenue: PA CATALYST FUND
total $141,875 · excluded $141,875
-
11b · Other revenue: OTHER INCOME
total $50 · excluded $50
-
11e · Other revenue, total
$141,925
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $108,000 · management and general $108,000
-
11c · Fees: accounting
total $20,377 · management and general $20,377
-
12 · Advertising and promotion
total $22,500 · management and general $22,500
-
13 · Office expenses
total $1,058 · management and general $1,058
-
22 · Depreciation, depletion and amortization
total $99,506 · program services $99,506
-
23 · Insurance
total $39,927 · program services $26,618 · management and general $13,309
-
24a · Other expenses: PROGRAM MANAGEMENT
total $2,581,633 · program services $2,581,633
-
24b · Other expenses: BUILDING MAINTENANCE
total $25,650 · program services $14,150 · management and general $11,500
-
24c · Other expenses: BUILDING MANAGEMENT
total $4,310 · program services $4,310
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $216,729 · end of year $1,182,805
-
2 · Savings and temporary cash investments
beginning of year $1,029,917 · end of year $220,742
-
4 · Accounts receivable
beginning of year $492,354 · end of year $871,643
-
9 · Prepaid expenses and deferred charges
beginning of year $14,839 · end of year $16,003
-
10a · Land, buildings and equipment: cost or other basis
$3,417,966
-
10b · Land, buildings and equipment: accumulated depreciation
$1,863,376
-
10c · Land, buildings and equipment, net
beginning of year $1,520,981 · end of year $1,554,590
-
17 · Accounts payable and accrued expenses
beginning of year $527,233 · end of year $806,356
-
19 · Deferred revenue
beginning of year $998,501 · end of year $1,217,831
-
27 · Net assets without donor restrictions
beginning of year $1,704,560 · end of year $1,628,973
-
28 · Net assets with donor restrictions
beginning of year $44,526 · end of year $192,623
Mission and programs · 2024
Mission
ENGAGING IN TRAINING AND EDUCATIONAL ACTIVITIES PERTAINING TO ECONOMIC DEVELOPMENT. SERVICES INCLUDE EFFORTS TO RETAIN AND EXPAND BUSINESSES, WORKFORCE ETC. AND ALSO TO IMPROVE ECONOMIC CONDITIONS IN ECONOMICALLY DISTRESSED AREAS.
Activities or mission (Part I)
ENGAGING IN TRAINING AND EDUCATIONAL ACTIVITIES PERTAINING TO ECONOMIC DEVELOPMENT. SERVICES INCLUDE EFFORTS TO RETAIN AND EXPAND BUSINESSES, WORKFORCE ETC. AND ALSO TO IMPROVE ECONOMIC CONDITIONS IN ECONOMICALLY DEPRESSED AREAS.
-
THE FOUNDATION PARTNERS PRIMARILY WITH THE CHESTER COUNTY WORKFORCE INVESTMENT BOARD TO PROVIDE INDUSTRY FOCUSED WORKFORCE TRAINING, EDUCATION AND ASSISTANCE TO BUSINESSES AND INDIVIDUALS. INDUSTRY FOCUS GROUPS ACTIVE THIS YEAR INCLUDED INFORMATION TECHNOLOGY, HEALTHCARE, AGRICULTURE, MANUFACTURING, TRAINING, AND ENERGY.
Expenses $2,581,633
-
RENTAL FACILITY PROGRAM - THE FOUNDATION RENTS SPACE TO AN AFFILIATED TAX EXEMPT ORGANIZATION WHICH IT RENTS TO HELP ACCOMPLISH ITS TAX EXEMPT PURPOSE.
Expenses $144,584 · Revenue $205,060
As filed on the 2024 return.
Listed in Part VII
-
Bill StedmanBILL STEDMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael J HankinMICHAEL J HANKIN
FIRST VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr R Lorraine BernotskyDR R LORRAINE BERNOTSKY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Arthur A Bernardon AiaARTHUR A BERNARDON AIA
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Conrad M OlieCONRAD M OLIE
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Edward J BreinerEDWARD J BREINER
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 0.3
-
Edwin A Brownley JrEDWIN A BROWNLEY JR
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
F William BogleF WILLIAM BOGLE
DIRECTOR EMERTIUS
- Total calculated
- $0
- Hours/week
- 0.3
-
Frank A PilieroFRANK A PILIERO
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Hanno SprangerHANNO SPRANGER
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Jim ReadingJIM READING
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
John C Snyder EsquireJOHN C SNYDER ESQUIRE
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Josh MaxwellJOSH MAXWELL
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Marian D MoskowitzMARIAN D MOSKOWITZ
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 0.3
-
Eric RoeERIC ROE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Nancy R CorsonNANCY R CORSON
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
R Stanley SchuckR STANLEY SCHUCK
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert F Fischer CPAROBERT F FISCHER CPA
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Roger N Huggins EsquireROGER N HUGGINS ESQUIRE
HONORARY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Tim PhelpsTIM PHELPS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
A Steven KrugA STEVEN KRUG
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Albert D FullerALBERT D FULLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Anand SolankiANAND SOLANKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Annette F FavoriteANNETTE F FAVORITE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Bill HostetterBILL HOSTETTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Colin J NeillDR COLIN J NEILL
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Dwayne WaltonDWAYNE WALTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Gail B Dooley LPN CdpGAIL B DOOLEY LPN CDP
EX-OFFICIO IP CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
George Fiore EdDGEORGE FIORE EDD
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Greg NewellGREG NEWELL
EX-OFFICIO IP CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Greg VietriGREG VIETRI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Gregory ReavesGREGORY REAVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
James E TurnerJAMES E TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jeanette RomanJEANETTE ROMAN
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Joyce ChesterJOYCE CHESTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Joshua SnyderJOSHUA SNYDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Laura ManionLAURA MANION
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Lisa Van EssLISA VAN ESS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Louis B Kupperman EsquireLOUIS B KUPPERMAN ESQUIRE
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Matt AdamsMATT ADAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael A Dehaven CPAMICHAEL A DEHAVEN CPA
GOVERNMENTAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael A BrayMICHAEL A BRAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
Miguel BaptistaMIGUEL BAPTISTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael CappellettiMICHAEL CAPPELLETTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Nabila SajidNABILA SAJID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Paul TruskolaskiPAUL TRUSKOLASKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Perry BentleyPERRY BENTLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Rachel RobertsRACHEL ROBERTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Steve FiggattSTEVE FIGGATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Sue WatrasSUE WATRAS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Theo NotarasTHEO NOTARAS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Thomas J BurkeTHOMAS J BURKE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
W Patrick Scott EsquireW PATRICK SCOTT ESQUIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
W Todd PohligW TODD POHLIG
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.3
-
Helen J Esbenshade EsquireHELEN J ESBENSHADE ESQUIRE
SOLICITOR FOR CCEDC
- Total calculated
- $0
- Hours/week
- 0.3
-
Richard Frazier EsquireRICHARD FRAZIER ESQUIRE
SOLICITOR FOR CCEDF
- Total calculated
- $0
- Hours/week
- 0.3
-
Craig A Styer EsquireCRAIG A STYER ESQUIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Fawn CollingwoodFAWN COLLINGWOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Marta Yera CroninDR MARTA YERA CRONIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
David DilworthDAVID DILWORTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Eileen PerpigliaEILEEN PERPIGLIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Kara RahnKARA RAHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Jane TangJANE TANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Joseph E BrionJOSEPH E BRION
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Carolina DigiorgioCAROLINA DIGIORGIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Sue NarducciSUE NARDUCCI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Bettina Tweardy Riveros JDBETTINA TWEARDY RIVEROS JD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Geoffrey SheehanGEOFFREY SHEEHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Erik T WalschburgerERIK T WALSCHBURGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Andrea YoundtANDREA YOUNDT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Gary SmithGARY SMITH
CEO
- Total calculated
- $236,855
- From this org
- $0
- From related orgs
- $205,468
- Other
- $31,387
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $0 + $205,468 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $31,387 related
- Filer's total
- $0 + $236,855 related
-
James HammondJAMES HAMMOND
VP OF FINANCE
- Total calculated
- $129,364
- From this org
- $0
- From related orgs
- $103,020
- Other
- $26,344
- Hours/week
- 10
-
Michael GrigalonisMICHAEL GRIGALONIS
COO
- Total calculated
- $215,503
- From this org
- $0
- From related orgs
- $186,266
- Other
- $29,237
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $0 + $186,266 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $29,237 related
- Filer's total
- $0 + $215,503 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
None.
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
The filer's explanations (Part III)
- SCHDULE J PART I LINE 3
- RELATED ORGANIZATION USES A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD.
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.
-
SOUTHEASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA
501(C) 6 · SERVES AS A CERTIFIED DEVELOPMENT CORPORATION TO FOSTER COMMERCIAL GROWTH · PA
-
CHESTER COUNTY ECONOMIC DEVELOPMENT COUNCIL
501(C) 6 · PROVIDES FUNDING ASSISTANCE THROUGH LOW-INTEREST STATE FINANCING PROGRAMS · PA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513239349301751
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