Economic Development Council Of Northeastern Pennsylvania
- Assets
- $11.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Pittston, PA
- Founding
- 08/1965
- Data as of
- 06/2022
- EIN
- 23-1652755
Organization Overview
Economic Development Council Of Northeastern Pennsylvania, operating under the name Northeastern Penna Alliance, is located in Pittston, PA. The organization was established in 1965. 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. As of 06/2022, Northeastern Penna Alliance employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeastern Penna Alliance is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Northeastern Penna Alliance generated $4.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDCNP IS A REGIONAL MULTI COUNTY ECONOMIC DEVELOPMENT AGENCY PROVIDING LEADERSHIP, PLANNING, EXPERTISE & SERVICES TO REGIONAL & LOCAL GOVERNMENTS, BUSINESSES & INDIVIDUALS THROUGH COLLABORATIONS & PARTNERSHIPS TO ENHANCE THE ECONOMIC DEVELOPMENT IN THE AREA. EDCNP'S PROGRAMS & SERVICES ADD VALUE TO THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT-DURING THE PAST YEAR EDCNP CLOSED 53 LOANS FOR A TOTAL OF $12,394,650 AND LEVERAGED $24,267,130 IN PRIVATE/ PUBLIC FINANCING. EDCNP'S DEVELOPMENT ASSISTANCE RESULTED IN 374 JOBS BEING RETAINED OR CREATED. 84 ENTREPRENEURS AND SMALL BUSINESSES WERE COUNSELED. EDCNP ASSISTED 54 BUSINESSES IN VARIOUS ASPECTS OF EXPORTING AND ACQUIRED 8 NEW CLIENTS. COMPANIES REPORTED 171 EXPORT ACTIONS AND 25 CLIENTS REPORTED $113,007,920 IN EXPORT SALES AND 1017 JOBS BEING RETAINED OR CREATED. EDCNP PROMOTED "BRINGING THE WORLD TO PA" WHICH WAS HOSTED BY PA'S AUTHORIZED TRADE REPRESENTATIVES HIGHLIGHTING INTERNATIONAL MARKETS, TRENDS, AND INDUSTRY SECTORS. EDCNP ALSO OFFERED FIVE EDUCATIONAL WEBINARS AND PARTNERED TO HOST EVENTS PROMOTING THE PENNSYLVANIA GLOBAL ACCESS PROGRAM. EDCNP ASSISTED COMPANIES WITH RECEIVING PRIME CONTRACT AWARDS TOTALING $301,378,902 & STATE/LOCAL GOVERNMENT AWARDS TOTALING $2,601,389 WHICH IN TOTAL SUPPORTED 452 JOBS. EDCNP CONDUCTED 78 INITIAL COUNSELING SESSIONS WITH AREA BUSINESSES AND 3,516 FOLLOW-UP SESSIONS.
ECONOMIC & COMMUNITY DEVELOPMENT-DURING THE PAST YEAR EDCNP OPERATED THE NONPROFIT ASSISTANCE AND RESEARCH/INFORMATION CENTERS, THE BLUE RIBBON TASK FORCE, MAINTAINED THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES (CEDS) PLAN, ADMINISTERED STARTUP NEPA (AN ANGEL INVESTMENT FUND), PROVIDED ECONOMIC IMPACT MODELING SERVICES, BUSINESS RETENTION SERVICES, OFFERED GRANT SEEKING AND WRITING SERVICES AND ASSISTED CLIENTS WITH DEVELOPING COMMUNITY FINANCING OPTIONS (LOANS, TAX CREDITS, GRANTS) FOR PROJECTS.
PLANNING & GOVERNMENT-DURING THE PAST YEAR EDCNP PROVIDED COMPREHENSIVE TRANSPORTATION PLANNING, GOVERNMENT & COMMUNITY DEVELOPMENT SUPPORT, GIS AND RESEARCH ASSISTANCE WITHIN THE REGION. THE TRANSPORTATION SERVICES DIVISION MAINTAINS THE TRANSPORTATION IMPROVEMENT PROGRAM (TIP) AND THE LONG RANGE TRANSPORTATION PLAN FOR THE NEPA METROPOLITAN PLANNING ORGANIZATION (MPO). DURING THE PAST YEAR, EDCNP CONTINUED DEVELOPING AN UPDATE OF THE REGION'S TRANSPORTATION IMPROVEMENT PROGRAM (2023 - 2026 TIP), PROVIDED INFRASTRUCTURE ASSET MAPPING AND GIS SUPPORT, COMPLETED A PARKING, TRAFFIC CIRCULATION AND COMPLETE STREETS ANALYSIS FOR MILFORD BOROUGH, AND MANAGED THE LOCAL TECHNICAL ASSISTANCE PROGRAM (LTAP) WHICH PROVIDES TECHNICAL TRAINING FOR ELECTED AND MUNICIPAL OFFICIALS AND ROAD MAINTENANCE CREWS. STAFF ALSO SUCCESSFULLY SECURED $3 MILLION IN CONGRESSIONAL APPROPRIATIONS FUNDING TOWARD THE RECONSTRUCTION OF THE COLUMBIA ARCH STREET BRIDGE IN SCHUYLKILL COUNTY. IN COORDINATION WITH FOUR OTHER ADJOINING MPO PLANNING AREAS, EDCNP IS PARTICIPATING IN THE DEVELOPMENT OF THE EASTERN PENNSYLVANIA FREIGHT ALLIANCE PLAN. EDCNP ALSO COLLECTED HIGHWAY PERFORMANCE MONITORING SYSTEM (HPMS) DATA ON THE EXTENT, CONDITION, PERFORMANCE, USE AND OPERATING CHARACTERISTICS OF THE REGION'S HIGHWAYS AT OVER 90 LOCATIONS WITHIN THE NEPA MPO REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery K Box President & CEO | OfficerTrustee | 40 | $159,302 |
George Halcovage Treasurer | OfficerTrustee | 1 | $0 |
Mary Beth Wood 1st Vice Board Chairperson | OfficerTrustee | 1 | $0 |
Alex Stark Assistant Secretary | OfficerTrustee | 1 | $0 |
Philip Condron Past Board Chairperson | OfficerTrustee | 1 | $0 |
William Kerstetter Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,088 |
| Noncash contributions included in lines 1a–1f | $4,835 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,475 |
| Total Program Service Revenue | $3,801,809 |
| Investment income | $239 |
| 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 | $4,038,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,813,426 |
| Pension plan accruals and contributions | $138,263 |
| Other employee benefits | $490,230 |
| Payroll taxes | $143,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,158 |
| Fees for services: Accounting | $22,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,408 |
| Office expenses | $107,596 |
| Information technology | $37,928 |
| Royalties | $0 |
| Occupancy | $66,038 |
| Travel | $21,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,423 |
| Interest | $53,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,617 |
| Insurance | $30,291 |
| All other expenses | $18,348 |
| Total functional expenses | $3,693,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,960 |
| Savings and temporary cash investments | $2,977,651 |
| Pledges and grants receivable | $83,650 |
| Accounts receivable, net | $1,162,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,674,290 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,533 |
| Net Land, buildings, and equipment | $625,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,608,438 |
| Accounts payable and accrued expenses | $372,492 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,526,907 |
| Total liabilities | $2,899,399 |
| Net assets without donor restrictions | $1,685,860 |
| Net assets with donor restrictions | $7,023,179 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,608,438 |