Berwick Industrial Development Association Incorporated
- Assets
- $12.6m
- Revenue
- $628.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Berwick, PA
- Founding
- 11/1959
- Data as of
- 04/2022
- EIN
- 24-0861693
Organization Overview
Berwick Industrial Development Association Incorporated is located in Berwick, PA. The organization was established in 1959. 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. As of 04/2022, Berwick Industrial Development Association Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berwick Industrial Development Association Incorporated 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 04/2022, Berwick Industrial Development Association Incorporated generated $628.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $335.5k during the year ending 04/2022. While expenses have increased by 2.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BERWICK INDUSTRIAL DEVELOPMENT ASSOCIATION ("BIDA")IS COMMITTED TO IMPROVING THE ECONOMY OF THE REGION THROUGH MARKETING AND MANAGING ITS INDUSTRIAL ASSETS, THE RETENTION, EXPANSION, RECRUITMENT OF BUSINESS AND INDUSTRY; AND CONTRIBUTING TO COMMUNITY REVITALIZATION EFFORTS. BIDA WILL COLLABORATE WITH PRIVATE, PUBLIC AND COMMUNITY GROUPS AND ORGANIZATIONS TO ACHIEVE THIS MISSION AND THROUGH THESE PARTNERSHIP EFFORTS WILL WORK TOWARD BETTERING THE QUALITY OF LIFE OF THE CITIZENS OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIDA FOSTERS BUSINESS AND ECONOMIC GROWTH IN ITS SERVICE AREA BY OPERATING AN INDUSTRIAL COMPLEX IN WHICH BUSINESSES CAN OPERATE AND BY FOSTERING BUSINESS THROUGH ADVOCACY IN OBTAINING GOVERNMENT GRANTS AND LOW INTEREST RATE LOANS FOR COMMERICAL ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly O'brien Executive Director | Officer | 40 | $74,476 |
Dan Mcgann President | OfficerTrustee | 1 | $0 |
Joseph Siecko Vice President | OfficerTrustee | 1 | $0 |
Matthew Repasky 2nd Vice President | OfficerTrustee | 1 | $0 |
Ralph Pollock Asst Secretary | OfficerTrustee | 1 | $0 |
Ralph Gitz Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Don E Bower Paving / Concrete | 4/29/16 | $397,244 |
Howard Organization Inc Electrical | 4/29/16 | $108,723 |
G&m Crawford Inc Water Line Install | 4/29/16 | $205,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,450 |
| Investment income | $88,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $313,831 |
| Net Gain/Loss on Asset Sales | $108,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,921 |
| 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. | $89,537 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,220 |
| Pension plan accruals and contributions | $2,351 |
| Other employee benefits | $5,926 |
| Payroll taxes | $14,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,953 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,134 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,312 |
| Office expenses | $28,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,850 |
| All other expenses | $0 |
| Total functional expenses | $335,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $2,934,386 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $246,035 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $106,482 |
| Net Land, buildings, and equipment | $7,571,191 |
| Investments—publicly traded securities | $1,679,781 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,649,189 |
| Accounts payable and accrued expenses | $48,654 |
| Grants payable | $0 |
| Deferred revenue | $7,700 |
| 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 | $246,035 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $302,389 |
| Net assets without donor restrictions | $12,346,800 |
| 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 | $12,649,189 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Berwick Industrial Development Association Incorporated has recieved totaling $10,425.
| Awarding Organization | Amount |
|---|---|
United Way Of Wyoming Valley Wilkes Barre, PA PURPOSE: PROGRAM OPERATING COSTS | $10,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |