Fulton Industrial Development Assn Inc
- Assets
- $3.6m
- Revenue
- $85.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mcconnellsburg, PA
- Founding
- 02/1964
- Data as of
- 11/2022
- EIN
- 23-6296091
Organization Overview
Fulton Industrial Development Assn Inc is located in Mcconnellsburg, PA. The organization was established in 1964. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulton Industrial Development Assn 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 11/2022, Fulton Industrial Development Assn Inc generated $85.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $114.0k during the year ending 11/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST LOCAL COMPANIES IN OBTAINING LOW INTEREST FINANCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE FOR LOCAL COMPANIES TO OBTAIN LOW INTEREST FINANCING.
ASSISTANCE FOR LOCAL COMPANIES TO OBTAIN LOW INTEREST FINANCING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Washabaugh IV President | OfficerTrustee | 2 | $0 |
Jeramy Culler Vice Preside | OfficerTrustee | 1 | $0 |
Paul Johnston Executive Di | OfficerTrustee | 2 | $0 |
Wendy Melius Secretary | OfficerTrustee | 2 | $0 |
Rick Strait Treasurer | OfficerTrustee | 2 | $0 |
Walt Barmont Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,343 |
| 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 | $14,343 |
| Total Program Service Revenue | $71,520 |
| Investment income | $0 |
| 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 | $85,863 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540 |
| Advertising and promotion | $0 |
| Office expenses | $12 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,001 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,700 |
| Insurance | $16,486 |
| All other expenses | $0 |
| Total functional expenses | $114,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,277,678 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $263,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,585,141 |
| Accounts payable and accrued expenses | $307,381 |
| 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 | $916,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,223,941 |
| Net assets without donor restrictions | $2,361,200 |
| 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 | $3,585,141 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fulton Industrial Development Assn Inc has recieved totaling $19,709.
| Awarding Organization | Amount |
|---|---|
Alleghenies Planning And Development Commission Altoona, PA PURPOSE: VARIOUS | $19,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
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 |