Valley Shenango Economic Development Corporation

Organization Overview

Valley Shenango Economic Development Corporation is located in Sharon, PA. The organization was established in 2009. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Shenango Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Valley Shenango Economic Development Corporation generated $282.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $376.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS A PA NOT-FOR-PROFIT ECONOMIC DEVELOPMENT CORPORATION. ITS PURPOSE IS TO ATTRACT BUSINESS TO THE WINNER INDUSTRIAL PARK & TO RENOVATE THE FORMER WESTINGHOUSE PROPERTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEASING SPACE TO COMPANIES IN SHARON, PA TO HELP CREATE JOBS IN A DEPRESSED AREA


LEASING SPACE TO COMPANIES IN SHARON, PA TO HELP CREATE JOBS IN A DEPRESSED AREA


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Board, Officers & Key Employees

Name (title)Compensation
Clancy Atkinson
Chairman
$0
Charles Miller
Treasurer And Secretary
$0
Amy Atkinson
Director
$0
Brad Mantzell
Director
$0
Frank Gargiulo
Director
$0
Tom Roskos
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,813
All other contributions, gifts, grants, and similar amounts not included above$15,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$16,813
Total Program Service Revenue$265,970
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $282,783

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