Form 990 for tax year 2024
Filed by INDUSTRIAL PROPERTIES CORPORATION.
Totals
- Total revenue
- $90,610
- Total expenses
- $12,524
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $89,143
- Other revenue
- $1,467
- Total assets, end of year
- $2,428,883
- Total liabilities, end of year
- $250,932
- Net assets or fund balances, end of year
- $2,177,951
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
3 · Investment income
total $89,143 · related or exempt $48,535 · excluded $40,608
-
11a · Other revenue: OTHER REVENUE
total $1,467 · related or exempt $1,467
-
11e · Other revenue, total
$1,467
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $1,714
-
11c · Fees: accounting
total $8,810
-
24a · Other expenses: BAD DEBT
total $2,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $577,543 · end of year $619,298
-
2 · Savings and temporary cash investments
beginning of year $776,479 · end of year $675,768
-
4 · Accounts receivable
beginning of year $427 · end of year $843
-
7 · Other notes and loans receivable
beginning of year $996,100 · end of year $1,132,974
-
17 · Accounts payable and accrued expenses
end of year $248
-
24 · Unsecured notes and loans payable
beginning of year $250,684 · end of year $250,684
-
27 · Net assets without donor restrictions
beginning of year -$201,947 · end of year -$170,396
-
28 · Net assets with donor restrictions
beginning of year $2,301,812 · end of year $2,348,347
Mission and programs · 2024
Mission
PROMOTE INDUSTRIAL DEVELOPMENT OF LYCOMING COUNTY
-
PROMOTE INDUSTRIAL DEVELOPMENT OF LYCOMING COUNTY.
-
PROMOTE INDUSTRIAL DEVELOPMENT OF LYCOMING COUNTY.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JASON C FINK
PRESIDENT/SE
- Total calculated
- $185,347
- From this org
- $0
- From related orgs
- $142,346
- Other
- $43,001
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $142,346 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $7,117 related
- Nontaxable benefits
- not reported + $35,884 related
- Filer's total
- not reported + $185,347 related
-
BO HORNBERGER
VP/CFO/TREAS
- Total calculated
- $130,323
- From this org
- $0
- From related orgs
- $90,462
- Other
- $39,861
- Hours/week
- 1 + 39 related
-
GEORGE E LOGUE JR
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
GABRIEL A SINICROPIE JR
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
-
PATRICIA JACKSON-GEHRIS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT METZGER
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. 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)
- SCHEDULE J, PAGE 1, 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.
-
FOUNDATION OF THE WILLIAMSPORT LYCOMING CHAMBER
501C3 · EDUCATIONA · PA
Directly controlled by CHAMBER
-
ECONOMIC AND COMMUNITY GROWTH CORPORATION OF LYCOMING COUNTY
501C3 · DEVELOPMEN · PA
Directly controlled by CHAMBER
-
WILLIAMSPORTLYCOMING CHAMBER OF COMMERCE
501C6 · PROMOTE · PA
Directly controlled by NA
-
501C2 · MANAGEMENT · PA
Directly controlled by CHAMBER
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543039349300319
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