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Nonprofiteer
← INDUSTRIAL PROPERTIES CORPORATION

Form 990 for tax year 2022

Filed by INDUSTRIAL PROPERTIES CORPORATION.

Totals

Total revenue
$42,968
Total expenses
$12,648
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$42,968
Other revenue
$0
Total assets, end of year
$2,290,519
Total liabilities, end of year
$250,714
Net assets or fund balances, end of year
$2,039,805
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.

  • 3 · Investment income

    total $42,968 · related or exempt $42,968

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,959

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $3,689

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $512,984 · end of year $495,930

  • 2 · Savings and temporary cash investments

    beginning of year $700,864 · end of year $960,636

  • 4 · Accounts receivable

    beginning of year $4,569 · end of year $445

  • 7 · Other notes and loans receivable

    beginning of year $1,048,330 · end of year $833,508

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,580 · end of year $32

  • 24 · Unsecured notes and loans payable

    beginning of year $250,682 · end of year $250,682

  • 27 · Net assets without donor restrictions

    beginning of year -$223,922 · end of year -$220,975

  • 28 · Net assets with donor restrictions

    beginning of year $2,233,407 · end of year $2,260,780

Mission and programs · 2022

Mission

PROMOTE INDUSTRIAL DEVELOPMENT OF LYCOMING COUNTY.

  • PROMOTE INDUSTRIAL DEVELOPMENT OF LYCOMING COUNTY.

As filed on the 2022 return.

Listed in Part VII

  • George E Logue Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jason C Fink

    PRESIDENT & SECRETARY

    Total calculated
    $167,024
    From this org
    $0
    From related orgs
    $129,147
    Other
    $37,877
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,147 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,229 related
    Nontaxable benefits
    $0 + $34,648 related
    Filer's total
    $0 + $167,024 related

  • Tony R Mussare

    COMMUNITY REP APPOINTMENT

    Total calculated
    $0
    Hours/week
    1

  • Dennis P Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian P Cozzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Irvin C L Gleason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert J Glunk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Richard Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gabriel A Sinicropi Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy J Eischeid

    VP/ CFO/TREASURER

    Total calculated
    $135,390
    From this org
    $0
    From related orgs
    $102,963
    Other
    $32,427
    Hours/week
    1 + 39 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

The filer's explanations (Part III)

PART I, LINE 3
THE WLCC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333199349311343

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