Form 990 for tax year 2023
Filed by SHENANGO VALLEY ENTERPRISE ZONE CORPORATION.
Totals
- Total revenue
- $209,384
- Total expenses
- $73,861
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $61,560
- Investment income
- $128,620
- Other revenue
- $19,204
- Total assets, end of year
- $4,435,933
- Total liabilities, end of year
- $2,090
- Net assets or fund balances, end of year
- $4,433,843
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: LOAN INTEREST
total $61,021 · related or exempt $61,021
-
2b · Program service revenue: LOAN FEES & PENALTIES
total $539 · related or exempt $539
-
3 · Investment income
total $128,620 · excluded $128,620
-
11a · Other revenue: BAD DEBT RECOVERY
total $19,204 · related or exempt $19,204
-
11e · Other revenue, total
$19,204
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $5,740
-
11c · Fees: accounting
total $8,116
-
11g · Fees: other
total $38,049
-
13 · Office expenses
total $90
-
23 · Insurance
total $1,624
-
24a · Other expenses: BAD DEBT EXPENSE
total $20,030
-
24b · Other expenses: GENERAL ADMINISTRATION
total $212
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,019 · end of year $16,298
-
2 · Savings and temporary cash investments
beginning of year $2,047,555 · end of year $1,853,620
-
5 · Loans and receivables from officers and key people
beginning of year $60,667 · end of year $166,749
-
7 · Other notes and loans receivable
beginning of year $1,176,592 · end of year $1,345,363
-
9 · Prepaid expenses and deferred charges
beginning of year $1,350 · end of year $1,360
-
12 · Investments: other securities
beginning of year $1,000,000 · end of year $1,052,543
-
17 · Accounts payable and accrued expenses
beginning of year $10,864 · end of year $2,090
-
27 · Net assets without donor restrictions
beginning of year $4,298,319 · end of year $4,433,843
Mission and programs · 2023
Mission
TO STIMULATE THE EXPANSION OF BUSINESS AND INDUSTRY WITHIN DESIGNED ENTERPRISE ZONE AREAS OF MERCER COUNTY FOR THE PURPOSE OF CREATING OR RETAINING JOBS BY PROVIDING FINANCIAL ASSISTANCE TO BUSINESSES WITHIN THE ENTERPRISE ZONE VIA LOW INTEREST RATE LOANS. THE LOANS TO BUSINESSES MUST SERVE A PUBLIC PURPOSE. ALL LOANS MUST PRIMARILY PROMOTE THE HEALTH, SAFETY, OR WELFARE OF THE PUBLIC AT LARGE, AND PROVIDE OVERALL BENEFIT TO THE CITIZENS OF THE COMMUNITY.
Activities or mission (Part I)
TO PROMOTE PUBLIC/PRIVATE RELATIONSHIPS, ATTRACT GRANTS AND PROVIDE ASSISTANCE TO SMALL BUSINESSES.
-
TO PROVIDE LOANS TO SMALL BUSINESSES WHICH TOTALED $835,000 IN NEW LOANS FOR THE YEAR ENDING JUNE 30, 2024.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brent A WardBRENT A WARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Daniel GraceninDANIEL GRACENIN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Alex J KovachALEX J KOVACH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Bradley R GosserBRADLEY R GOSSER
VICE PRESIDENT/ EXECUTIVE
- Total calculated
- $0
- Hours/week
- 1
-
Eugene PacsiEUGENE PACSI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hiro FujitaHIRO FUJITA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marc BuskirkMARC BUSKIRK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William ModerWILLIAM MODER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken RobersonKEN ROBERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David StabileDAVID STABILE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ellen PardeeELLEN PARDEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy CoxeJEREMY COXE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason UreyJASON UREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David GrandeDAVID GRANDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert DonatelliROBERT DONATELLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert FiscusROBERT FISCUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary GullaGARY GULLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Molly BundrantMOLLY BUNDRANT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carl SizerCARL SIZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
W Benjamin PrescottW BENJAMIN PRESCOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael NiddelMICHAEL NIDDEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Terrence CrumbyTERRENCE CRUMBY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Selma Sanders - WestSELMA SANDERS - WEST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Darla MarchantDARLA MARCHANT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James CardamonJAMES CARDAMON
LOAN COORDINATOR
- Total calculated
- $15,363
- From this org
- $15,363
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
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
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349302874
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