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← FOUNDATION OF ECONOMIC DEVELOPMENT COMPANY OF LANCASTER C

Form 990 for tax year 2024

Filed by FOUNDATION OF ECONOMIC DEVELOPMENT COMPANY OF LANCASTER C.

Totals

Total revenue
$149,605
Total expenses
$237,086
Contributions and grants received
$50,000
Grants paid
$0
Program service revenue
$68,500
Investment income
$31,105
Other revenue
$0
Total assets, end of year
$795,863
Total liabilities, end of year
$44,918
Net assets or fund balances, end of year
$750,945
Program services expenses (Part IX)
$204,058
Management and general expenses
$27,573
Fundraising expenses
$5,455
Program service expenses (Part III)
$204,058

Program services were 86.1% 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.

  • 1f · All other contributions, gifts and grants

    $50,000

  • 2a · Program service revenue: PROJECT FEES

    total $56,500 · related or exempt $56,500

  • 2b · Program service revenue: SPONSORSHIPS

    total $12,000 · related or exempt $12,000

  • 3 · Investment income

    total $31,105 · excluded $31,105

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,562 · management and general $1,562

  • 11c · Fees: accounting

    total $2,010 · management and general $2,010

  • 11g · Fees: other

    total $38,709 · program services $34,231 · management and general $869 · fundraising $3,609

  • 12 · Advertising and promotion

    total $90 · program services $82 · management and general $7 · fundraising $1

  • 13 · Office expenses

    total $931 · program services $83 · management and general $847 · fundraising $1

  • 14 · Information technology

    total $6,546 · program services $3,495 · management and general $3,015 · fundraising $36

  • 16 · Occupancy

    total $6,624 · program services $6,027 · management and general $530 · fundraising $67

  • 17 · Travel

    total $298 · program services $298

  • 19 · Conferences, conventions and meetings

    total $609 · program services $609

  • 22 · Depreciation, depletion and amortization

    total $203 · program services $184 · management and general $17 · fundraising $2

  • 23 · Insurance

    total $2,805 · management and general $2,805

  • 24a · Other expenses: ADMINISTRATION FEES

    total $173,892 · program services $158,242 · management and general $13,911 · fundraising $1,739

  • 24b · Other expenses: TRAINING AND DEVELOPMENT

    total $2,000 · management and general $2,000

  • 24c · Other expenses: SUBSCRIPTION/PUBLICATION

    total $807 · program services $807

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $859,457 · end of year $780,113

  • 4 · Accounts receivable

    end of year $15,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $877

  • 10a · Land, buildings and equipment: cost or other basis

    $5,622

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,622

  • 10c · Land, buildings and equipment, net

    beginning of year $203

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,111 · end of year $44,918

  • 27 · Net assets without donor restrictions

    beginning of year $368,998 · end of year $435,575

  • 28 · Net assets with donor restrictions

    beginning of year $469,428 · end of year $315,370

Mission and programs · 2024

Mission

ENHANCE THE ECONOMIC WELL-BEING OF LANCASTER COUNTY BY BRINGING TOGETHER BUSINESS RESOURCES, CAPITAL AND GOVERNMENT FOR SELECTIVE, MEASURABLE AND SUSTAINABLE GROWTH.

Activities or mission (Part I)

ENHANCE THE ECONOMIC WELL-BEING OF THE COMMUNITY BY BRINGING TOGETHER BUSINESS RESOURCES, CAPITAL AND GOVERNMENT FOR SELECTIVE, MEASUREABLE AND SUSTAINABLE GROWTH.

  • THE FOUNDATION OF THE ECONOMIC DEVELOPMENT COMPANY OF LANCASTER COUNTY ESTABLISHED THE CENTER FOR REGIONAL ANALYSIS. THE CENTER FOR REGIONAL ANALYSIS DELIVERS DATA-DRIVEN ECONOMIC INSIGHTS THAT INFORM DECISIONS BY BUSINESS AND COMMUNITY LEADERS TO SUPPORT THE ECONOMIC WELL- BEING AND VITALITY OF LANCASTER COUNTY AND THE REGION. RIGOROUS OBJECTIVE RESEARCH IS CONDUCTED.

    Expenses $204,058 · Revenue $68,500

As filed on the 2024 return.

Listed in Part VII

  • EZRA ROTHMAN

    PRESIDENT

    Total calculated
    $165,625
    From this org
    $0
    From related orgs
    $141,891
    Other
    $23,734
    Hours/week
    2.6 + 32.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $141,891 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $20,500 related
    Nontaxable benefits
    not reported + $3,234 related
    Filer's total
    not reported + $165,625 related

  • JOHN BIEMILLER

    VICE PRESIDE

    Total calculated
    $130,564
    From this org
    $0
    From related orgs
    $122,464
    Other
    $8,100

  • TROY A CLAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS DREW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JORDAN FARRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRETT D JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LIZ MARTIN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KENDRA D MCGUIRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CURTIS J MYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHELLE RONDINELLI

    BOARD VICE C

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHANE ZIMMERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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
2024
Filed
22 June 2025
IRS schema version
2024v5.0
Source object
202541769349300744

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