Pocono Mountains Industries Inc
- Assets
- $19.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Stroudsburg, PA
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 23-2810924
Organization Overview
Pocono Mountains Industries Inc is located in Stroudsburg, PA. The organization was established in 1998. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Pocono Mountains Industries 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 12/2021, Pocono Mountains Industries Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.4% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 24.7% 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
INDUSTRIAL DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND DEVELOP INDUSTRIAL AND ECONOMIC WELFARE OF THE POCONO MOUNTAINS AREA OF NORTHEASTERN PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Leonard Executive Director | Officer | 40 | $75,261 |
Gary Olson Chairman | Officer | 1 | $0 |
Robert Hay Vice Chairman | Officer | 1 | $0 |
Paul Canevari Secretary | Officer | 1 | $0 |
Russell Scott III Treasurer | Officer | 1 | $0 |
Richard Mutchler Asst. Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,345,874 |
| 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 | $5,354,674 |
| Total Program Service Revenue | $168,387 |
| Investment income | $1,809 |
| 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 | $222,655 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,747,525 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,464 |
| Payroll taxes | $2,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,450 |
| Fees for services: Accounting | $19,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,435 |
| Advertising and promotion | $83,116 |
| Office expenses | $9,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,736 |
| Travel | $2,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $377 |
| Interest | $485,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,114 |
| Insurance | $28,099 |
| All other expenses | $0 |
| Total functional expenses | $2,887,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $549,279 |
| Savings and temporary cash investments | $107,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,786,911 |
| Inventories for sale or use | $14,222,493 |
| Prepaid expenses and deferred charges | $18,003 |
| Net Land, buildings, and equipment | $2,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,805,187 |
| Accounts payable and accrued expenses | $4,250,402 |
| 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 | $16,733,729 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,984,131 |
| Net assets without donor restrictions | -$1,178,944 |
| 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 | $19,805,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Produce Marketing Association Newark, DE | $26,319,073 | $9,750,513 |
Mechanical Contractors Association Of America Inc Rockville, MD | $31,715,254 | $22,083,810 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |