Partnership For Economic Development Of York County Inc
- Assets
- $3.0m
- Revenue
- $853.3k
- Investments
- $0.0
- Employees
- 0
- Location
- York, PA
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 23-2768349
Organization Overview
Partnership For Economic Development Of York County Inc is located in York, PA. The organization was established in 1996. 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. This organization is the central organization for a national or regional group of organizations. Partnership For Economic Development Of York County 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 12/2023, Partnership For Economic Development Of York County Inc generated $853.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.4% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 58.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE INTEREST IN AND TO ASSIST IN THE PROMOTION OF PLANS THAT PROMOTE THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF YORK COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTED AS A FISCAL SPONSOR, PROVIDING ALMOST 400,000 OF SUPPORT TO THE CODORUS CREEK BEAUTIFICATION PROJECT WHICH FOCUSES ON RESTORING ACCESS TO THE CREEK SHORELINE, REDUCING FLOODING IMPACTS, PROVIDING INCREASED PUBLIC RECREATION AMENITIES, AND ENCOURAGING ECONCOMIC DEVELOPMENT.
ACTED AS A FISCAL SPONSOR, PROVIDING 22,500 OF SUPPORT TO THE YORK COUNTY ECONOMIC ALLIANCE TO FUND THE SERVICES OF AN ECONOMIC ECOSYSTEM BUILDER. ACTED AS A FISCAL SPONSOR, PROVIDING 25,000 OF SUPPORT TO ASSIST WITH THE REDEVELOPMENT OF THE YORKTOWNE HOTEL. ACTED AS A FISCAL SPONSOR, PROVIDING ALMOST 40,000 TO FUND A STUDY REGARDING IMPROVEMENTS TO THE HANOVER MARKET HOUSE. ADMINISTERED RESTART GRANT PROGRAM FOR COUNTY OF YORK WHICH DISTRIBUTED 8,000 TO SMALL BUSINESSES TO ASSIST WITH COVID-19 RECOVERY.
ACTED AS A FISCAL SPONSOR, PROVIDING OVER 2,000,000 OF SUPPORT TO PURCHASE THE FORMER YORK POST OFFICE FOR REDEVELOPMENT IN CONJUNCTION WITH THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF YORK.
BLOOM EMPOWERMENT CENTER SUPPORTS SMALL BUSINESS FORMATION AND GROWTH THROUGH EDUCATION, MENTORING, GRANTS, AND LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Schreiber President | OfficerTrustee | 0.5 | $0 |
Nancy Barry Treasurer | OfficerTrustee | 0.5 | $0 |
Silas Chamberlin Vice Preside | OfficerTrustee | 0.5 | $0 |
Katie Mahoney Secretary | OfficerTrustee | 0.5 | $0 |
Grace Quartey Member | Trustee | 0.5 | $0 |
Jeffrey Vermeulen Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $835,777 |
| Total Program Service Revenue | $0 |
| Investment income | $17,491 |
| 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 | $853,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,500 |
| 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 | $100,000 |
| Fees for services: Legal | $9,342 |
| Fees for services: Accounting | $9,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,687 |
| Advertising and promotion | $13,593 |
| Office expenses | $2,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $34,950 |
| Total functional expenses | $1,003,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,802,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,384 |
| Accounts receivable, net | $13,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $109,258 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,850 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,028,543 |
| Accounts payable and accrued expenses | $245,564 |
| Grants payable | $0 |
| Deferred revenue | $1,851,822 |
| 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 | $120,000 |
| Other liabilities | $0 |
| Total liabilities | $2,217,386 |
| Net assets without donor restrictions | $811,157 |
| 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 | $3,028,543 |