Shippensburg Area Development Corp
- Assets
- $340.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shippensburg, PA
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 23-7177887
Organization Overview
Shippensburg Area Development Corp is located in Shippensburg, PA. The organization was established in 1972. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Shippensburg Area Development Corp 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, Shippensburg Area Development Corp generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $37.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SHIPPENSBURG AREA DEVELOPMENT CORPORATION WORKS CLOSELY WITH THE BOROUGH OF SHIPPENSBURG AND SURROUNDING TOWNSHIPS TO DEVELOP AND EXPAND INDUSTRIAL BUSINESS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickey Nye President | 3 | $0 | |
Steve Oldt Treasurer | 3 | $0 | |
Duaine Collier Director | 1 | $0 | |
Philip Fague Vice President | 3 | $0 | |
Donald Fry Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $21,000 |
| Total Revenue | $21,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,125 |
| Occupancy, rent, utilities, and maintenance | $11,774 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,119 |
| Total expenses | $37,018 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,502 |
| Other assets | $0 |
| Total assets | $340,910 |
| Total liabilities | $148,417 |
| Net assets or fund balances | $192,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Commission Of Fayette County Washington Court House, OH | $10,620,828 | $9,688,038 |
Downtown Cleveland Alliance Cleveland, OH | $4,884,612 | $9,424,862 |
New Jersey Community Development Corporation Inc Paterson, NJ | $38,005,348 | $12,337,768 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
Fifth Avenue Association Business Improvement District Inc New York, NY | $1,371,227 | $6,747,998 |
Lakeside Association Lakeside, OH | $18,007,265 | $9,409,090 |
Alloy Development Co Inc Cincinnati, OH | $4,726,609 | $7,810,614 |
Fifth Avenue Committee Incorporated Brooklyn, NY | $7,015,493 | $7,933,714 |