Pottstown Area Industrial Development Inc
- Assets
- $129.4k
- Revenue
- $425.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Pottstown, PA
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 23-1878840
Organization Overview
Pottstown Area Industrial Development Inc is located in Pottstown, PA. The organization was established in 1982. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Pottstown Area Industrial Development Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pottstown Area Industrial Development Inc 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 12/2021, Pottstown Area Industrial Development Inc generated $425.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $472.8k during the year ending 12/2021. While expenses have increased by 14.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PAID'S MISSION IS TO DEVELOP, COORDINATE AND IMPLEMENT AN OVERALL ECONOMIC DEVELOPMENT STRATEGY FOR THE BOROUGH OF POTTSTOWN DESIGNED TO STIMULATE INVESTMENT WHICH WILL MAINTAIN AND ENHANCE THE TAX BASE; RETAIN AND CREATE JOB OPPORTUNITIES; AND RESTORE AND UTILIZE OR REMOVE UNDER-UTILIZED BUILDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF CORPORATION IS TO PROMOTE ECONOMIC INVESTMENT AND DEVELOPMENT IN THE BOROUGH OF POTTSTOWN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Lee-Clark Executive Dir/ Secretary | OfficerTrustee | 40 | $97,850 |
Rebecca Swanson Vice President | OfficerTrustee | 1 | $0 |
Stephen Rodriguez President | OfficerTrustee | 1 | $0 |
Eileen Dautrich Treasurer | OfficerTrustee | 1 | $0 |
Dave Kraybill Board Member | Trustee | 1 | $0 |
David Heffner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,314 |
| Total Program Service Revenue | $26,300 |
| Investment income | $28 |
| 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 | $425,642 |
| 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. | $158,451 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,168 |
| Payroll taxes | $12,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $440 |
| Fees for services: Accounting | $9,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,400 |
| Advertising and promotion | $45,357 |
| Office expenses | $2,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,721 |
| Interest | $0 |
| Payments to affiliates | $700 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,692 |
| All other expenses | $174,500 |
| Total functional expenses | $472,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,087 |
| Savings and temporary cash investments | $32,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,038 |
| Total assets | $129,368 |
| Accounts payable and accrued expenses | $0 |
| 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 | $26,014 |
| Total liabilities | $26,014 |
| Net assets without donor restrictions | $50,529 |
| Net assets with donor restrictions | $52,825 |
| 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 | $129,368 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pottstown Area Industrial Development Inc has recieved totaling $1,020.
| Awarding Organization | Amount |
|---|---|
Allstate Foundation Northbrook, IL PURPOSE: AGENT - INDIVIDUAL HH GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Center City Development Corporation Cincinnati, OH | $365,563,062 | $43,403,938 |
Gateway Economic Development Corporation Of Greater Cleveland Cleveland, OH | $401,423,840 | $30,122,951 |
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Capitol South Community Urban Redevelopment Corporation Columbus, OH | $40,052,734 | $27,422,003 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |