Pocono Mountains Industries Inc
- Assets
- $16.0m
- Revenue
- -$307.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Stroudsburg, PA
- Founding
- 06/1998
- Data as of
- 12/2022
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Troy Nauman Board Member | Trustee | 1 | $0 |
Zech Strauser Board Member | Trustee | 1 | $0 |
Patrick Briegel Board Member | Trustee | 1 | $0 |
Robert Weseloh Board Member | Trustee | 1 | $0 |
Dawn Hart Board Member | Trustee | 1 | $0 |
Gary Olson Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,345 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $963,727 |
| 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 | $977,072 |
| Total Program Service Revenue | $179,074 |
| Investment income | $317 |
| 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 | -$1,464,194 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$307,731 |
| 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 | $279,082 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,050 |
| Payroll taxes | $8,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,066 |
| Fees for services: Accounting | $13,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,839 |
| Advertising and promotion | $45,428 |
| Office expenses | $14,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,489 |
| Travel | $4,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,145 |
| Interest | $310,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,898 |
| Insurance | $23,153 |
| All other expenses | $0 |
| Total functional expenses | $1,567,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,290,448 |
| Savings and temporary cash investments | $387,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,200,710 |
| Inventories for sale or use | $10,838,429 |
| Prepaid expenses and deferred charges | $33,006 |
| Net Land, buildings, and equipment | $3,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,018,825 |
| Accounts payable and accrued expenses | $4,656,513 |
| Grants payable | $0 |
| Deferred revenue | $278,502 |
| 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 | $14,138,144 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,073,159 |
| Net assets without donor restrictions | -$3,054,334 |
| 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 | $16,018,825 |