Suburban Development Council Inc
- Assets
- $10.4m
- Revenue
- $494.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Collegeville, PA
- Founding
- 04/1986
- Data as of
- 06/2024
- EIN
- 23-2251320
Organization Overview
Suburban Development Council Inc is located in Collegeville, PA. The organization was established in 1986. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Suburban Development Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Suburban Development Council Inc generated $494.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $845.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Suburban Development Council Inc has awarded 30 individual grants totaling $1,372,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, AID, ASSIST, AND PROMOTE ECONOMIC GROWTH AND ACTIVITY IN THE MID-ATLANTIC REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, AID, ASSIST, AND PROMOTE ECONOMIC GROWTH AND ACTIVITY IN THE MID-ATLANTIC REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Lenzi Director & President | OfficerTrustee | 1 | $0 |
John A Bown Director & Vice President | OfficerTrustee | 1 | $0 |
Nicholas J Caramencio III Director & Treasurer | OfficerTrustee | 1 | $0 |
Joseph F Tornetta Director & Secretary | OfficerTrustee | 1 | $0 |
Richard B Young Director | Trustee | 1 | $0 |
John T Sasso Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $218,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $825,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $2,533 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,171 |
| All other expenses | $0 |
| Total functional expenses | $845,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $376,003 |
| 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 | $9,976,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,143 |
| Total assets | $10,360,821 |
| 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 | $390,000 |
| Total liabilities | $390,000 |
| Net assets without donor restrictions | $9,970,821 |
| Net assets with donor restrictions | $0 |
| 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 | $10,360,821 |
Grants Awarded
Over the last fiscal year, Suburban Development Council Inc has awarded $825,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
GATEWAY HOUSING GROUP PURPOSE: GENERAL OPERATING COSTS | $200,000 |
MANNA ON MAIN STREET PURPOSE: GENERAL OPERATING COSTS | $20,000 |
MARTHA'S CHOICE MARKETPLACE PURPOSE: GENERAL OPERATING COSTS | $20,000 |
MATTIE N DIXON COMMUNITY CUPBOARD PURPOSE: GENERAL OPERATING COSTS | $20,000 |
PATRICIAN SOCIETY OF CENTRAL NORRISTOWN PURPOSE: GENERAL OPERATING COSTS | $20,000 |
PHOENIXVILLE AREA COMMUNITY SERVICES PURPOSE: GENERAL OPERATING COSTS | $20,000 |