Northeastern Pennsylvania Industrial Resource Center Inc
- Assets
- $7.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Wilkes Barre, PA
- Founding
- 01/1989
- Data as of
- 06/2021
- EIN
- 23-2512293
Organization Overview
Northeastern Pennsylvania Industrial Resource Center Inc is located in Wilkes Barre, PA. The organization was established in 1989. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Northeastern Pennsylvania Industrial Resource Center Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeastern Pennsylvania Industrial Resource Center 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 06/2021, Northeastern Pennsylvania Industrial Resource Center Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. 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
SEE ADDITIONAL INFORMATION (STATEMENT # 1)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION AND IMPLEMENTATION OF STRATEGIES TO ENHANCE AND MODERNIZE THE MANUFACTURING BASE IN NORTHEASTERN PENNSYLVANIA. NEPIRC PROVIDES CUSTOMIZED, ON-SITE DELIVERY SERVICES THAT HELP MANUFACTURES IDENTIFY, LEARN, AND ADOPT MODERN TECHNOLOGIES AND PHILOSOPHIES GEARED TOWARD ECONOMIC GROWTH AND A STRENTHENED LABOR BASE. NEPIRC'S SERVICE REGION INCLUDES TIOGA, BRADFORD, SUSQUEHANNA, SULLIVAN, WYOMING, WAYNE, LACKAWANNA, COLUMBIA, LUZERNE, MONROE, AND PIKE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Esoda Executive Director | Officer | 40 | $181,425 |
Drew Mackie CFO | 40 | $128,053 | |
Dale Parmenteri VP Of Operations | 40 | $116,301 | |
Bruce Daniels President | OfficerTrustee | 1 | $0 |
William Cockerill Treasurer | OfficerTrustee | 1 | $0 |
Garry Hartman 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 | $1,298,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,298,611 |
| Total Program Service Revenue | $544,562 |
| Investment income | $296,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,056 |
| 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 | $2,178,639 |
| 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. | $181,425 |
| Compensation of current officers, directors, key employees. | $181,425 |
| Compensation to disqualified persons | $1,081,403 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $106,026 |
| Other employee benefits | $136,499 |
| Payroll taxes | $102,338 |
| Fees for services: Management | $8,891 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,738 |
| Advertising and promotion | $41,668 |
| Office expenses | $34,165 |
| Information technology | $33,183 |
| Royalties | $0 |
| Occupancy | $73,744 |
| Travel | $38,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,727 |
| Insurance | $34,143 |
| All other expenses | $0 |
| Total functional expenses | $2,242,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,543 |
| Savings and temporary cash investments | $513,808 |
| Pledges and grants receivable | $129,085 |
| Accounts receivable, net | $511,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $368,811 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,591 |
| Net Land, buildings, and equipment | $766,475 |
| Investments—publicly traded securities | $4,988,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,573 |
| Total assets | $7,646,355 |
| Accounts payable and accrued expenses | $191,563 |
| Grants payable | $0 |
| Deferred revenue | $312,400 |
| 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 | $1,750 |
| Total liabilities | $505,713 |
| Net assets without donor restrictions | $6,298,032 |
| Net assets with donor restrictions | $842,610 |
| 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 | $7,646,355 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northeastern Pennsylvania Industrial Resource Center Inc has recieved totaling $543,211.
| Awarding Organization | Amount |
|---|---|
Pa Irc Network Foundation Williamsport, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, NEAP/CARES | $543,211 |
Endowment Analysis
| Beg. Balance | $750,000 |
| Ending Balance | $750,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |