Greater Easton Development Partnership
- Assets
- $6.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Easton, PA
- Founding
- 04/1993
- Data as of
- 03/2023
- EIN
- 23-2660344
Organization Overview
Greater Easton Development Partnership is located in Easton, PA. The organization was established in 1993. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Greater Easton Development Partnership employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Easton Development Partnership 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 03/2023, Greater Easton Development Partnership generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $3.6m during the year ending 03/2023. While expenses have increased by 12.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER EASTON DEVELOPMENT PARTNERSHIP (GEDP) IS A VOLUNTEER DRIVEN, NON-PROFIT ENTITY THAT COLLABORATES TO NURTURE EASTONS ECONOMIC WELL-BEING AND CULTURAL VIBRANCY.WE STRIVE TOWARDS MAKING EASTON A NATIONAL MODEL OF A LIVABLE AND WELCOMING SMALL CITY.
THE HISTORIC WEST WARD IS A COLORFUL, SAFE AND DESIRABLE NEIGHBORHOOD FULLY INTEGRATED INTO EASTONS VIBRANT URBAN FABRIC. RESIDENTS HAVE DIRECT AND AFFORDABLE ACCESS TO EXCELLENT EDUCATION AND TRAINING OPPORTUNITIES, LOCAL JOBS AND SUPPORT SERVICES. NEIGHBORHOOD AMENITIES ARE CONNECTED BY A SYSTEM OF IMPROVED SIDEWALKS, BICYCLE ROUTES AND TREE-LINES STREETS. THE WEST WARD'S CHERISHED PARKS AND OPEN SPACES HOST MANY OF THE COMMUNITY'S UNIQUE EVENTS AND ART INSTALLATIONS THAT DRAW VISITORS AND SHOWCASE LOCAL CREATIVITY
MAIN STREET PROMOTES BUSINESS RECRUITMENT AND RETENTION, ASSISTS WITH BUSINESS MARKETING AND PROMOTION, COORDINATES SPECIAL EVENTS, AND BOOSTS DOWNTOWN BEAUTIFICATION EFFORTS. IT ALSO ADMINISTERS THE FAADE GRANT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Mast Executive Director | 60 | $100,000 | |
Andrew Po Director | Trustee | 5 | $0 |
Bill Strickland Director | Trustee | 5 | $0 |
Chaz Hampton Secretary | OfficerTrustee | 5 | $0 |
David O'connel Director | Trustee | 5 | $0 |
David Piperato Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50 |
| Related organizations | $0 |
| Government grants | $959,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $805,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,764,547 |
| Total Program Service Revenue | $1,119,575 |
| Investment income | $693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $239,441 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,564 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,231,235 |
| 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. | $103,461 |
| Compensation of current officers, directors, key employees. | $20,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $715,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,913 |
| Payroll taxes | $69,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $64,120 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,845 |
| Advertising and promotion | $0 |
| Office expenses | $71,902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $321,004 |
| Insurance | $50,901 |
| All other expenses | $587,191 |
| Total functional expenses | $3,642,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $316,524 |
| Accounts receivable, net | $408,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $199,664 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,188 |
| Net Land, buildings, and equipment | $5,203,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,009 |
| Total assets | $6,764,757 |
| Accounts payable and accrued expenses | $280,516 |
| 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 | $971,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $992,415 |
| Total liabilities | $2,244,698 |
| Net assets without donor restrictions | $2,919,679 |
| Net assets with donor restrictions | $1,600,380 |
| 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 | $6,764,757 |
Grants Awarded
Over the last fiscal year, Greater Easton Development Partnership has awarded $39,576 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PAL REALTY PURPOSE: FACADE RENOV. | $9,825 |
133 NORTHAMPTONLLC PURPOSE: FACADE RENOV. | $9,815 |
HUNTINGTON REALTY PURPOSE: FACADE RENOV. | $9,936 |
ONE 6 FLATS PURPOSE: FACADE RENOV. | $10,000 |