Form 990 for tax year 2023
Filed by ALIQULPPA ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $137,369
- Total expenses
- $727,357
- Contributions and grants received
- $136,569
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $200
- Other revenue
- $600
- Total assets, end of year
- $898,632
- Total liabilities, end of year
- $3,737
- Net assets or fund balances, end of year
- $894,895
- Program services expenses (Part IX)
- $556,049
- Management and general expenses
- $171,308
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $556,049
Program services were 76.4% 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)
$136,569
-
7a · Gross sales of assets other than inventory
other assets $200
-
7c · Gain or loss
other assets $200
-
7d · Net gain or loss
total $200 · related or exempt $200
-
11a · Other revenue: Miscellaneous
total $600 · related or exempt $600
-
11e · Other revenue, total
$600
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $78,000 · management and general $78,000
-
11a · Fees: management
total $49,998 · management and general $49,998
-
11b · Fees: legal
total $14,667 · management and general $14,667
-
11c · Fees: accounting
total $13,067 · management and general $13,067
-
11g · Fees: other
total $110,184 · program services $108,124 · management and general $2,060
-
12 · Advertising and promotion
total $1,500 · management and general $1,500
-
13 · Office expenses
total $5,642 · management and general $5,642
-
14 · Information technology
total $250 · management and general $250
-
16 · Occupancy
total $3,000 · management and general $3,000
-
23 · Insurance
total $2,153 · management and general $2,153
-
24a · Other expenses: Property Holding Costs
total $28,671 · program services $28,671
-
24b · Other expenses: Housing Rehab Costs
total $56,454 · program services $56,454
-
24c · Other expenses: Downtown Revitalization
total $362,800 · program services $362,800
-
24e · All other expenses
total $971 · management and general $971
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $535,331 · end of year $562,546
-
3 · Pledges and grants receivable
beginning of year $500,000
-
4 · Accounts receivable
beginning of year $124,434
-
9 · Prepaid expenses and deferred charges
beginning of year $250 · end of year $4,000
-
13 · Investments: program-related
beginning of year $329,639 · end of year $331,836
-
15 · Other assets
beginning of year $250 · end of year $250
-
17 · Accounts payable and accrued expenses
beginning of year $5,021 · end of year -$750
-
25 · Other liabilities
end of year $4,487
-
27 · Net assets without donor restrictions
beginning of year $356,892 · end of year $392,924
-
28 · Net assets with donor restrictions
beginning of year $1,127,991 · end of year $501,971
Mission and programs · 2023
Mission
To create economic development opportunities and to improve the general welfare of the City of Aliquippa.
-
The purpose for which the Aliquippa Economic Development Coporation was formed is to create economic development opportunities and to improve the general welfare of the City of Aliquippa by assisting in the development and expansion of industrial, commercial, and business sites, structures, and facilities; removing blight; supporting the development of neighborhoods; and supporting social, educational, and public safety initiatives, and of which that either create or retain employment opportunities or improve the quality of life for residents and businesses located in or willing to locate in the City of Aliquippa.
Expenses $556,049 · Grants $136,570
As filed on the 2023 return.
Listed in Part VII
-
Cynthia Gormley
Executive Director
- Total calculated
- $78,000
- From this org
- $78,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Amber Green
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vinny Lima
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dwan Walker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Samuel Gill
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Donald Walker III
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Bridget Wysocki
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Emanual Panos
Vice Chairman
- 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
- 9 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402899349301875
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