Huntingdon County Business & Industry Inc
- Assets
- $1.4m
- Revenue
- $340.5k
- Investments
- $60.7k
- Employees
- 3
- Location
- Huntingdon, PA
- Founding
- 02/1984
- Data as of
- 12/2021
- EIN
- 25-1419571
Organization Overview
Huntingdon County Business & Industry Inc is located in Huntingdon, PA. The organization was established in 1984. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Huntingdon County Business & Industry Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntingdon County Business & Industry Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Huntingdon County Business & Industry Inc generated $340.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $235.1k during the year ending 12/2021. While expenses have increased by 2.9% 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
TO ATTRACT AND RETAIN EMPLOYERS IN HUNTINGDON COUNTY, PA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE, PROMOTE, & FACILITATE FINANCIALLY THE ACQUISITION AND DEVELOPMENT OF REAL ESTATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Sisto President | OfficerTrustee | 1 | $0 |
Jinny Cooper Vice President | OfficerTrustee | 1 | $0 |
Courtney Lang Treasurer | OfficerTrustee | 1 | $0 |
Clay Mcmath Secretary | OfficerTrustee | 1 | $0 |
Scott Ulrich Director | Trustee | 1 | $0 |
Dr Jim Troha Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $258,733 |
| 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 | $258,733 |
| Total Program Service Revenue | $51,106 |
| Investment income | $16,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,452 |
| 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 | $171,992 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,972 |
| Office expenses | $1,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,401 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,627 |
| Interest | $7,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,148 |
| Insurance | $3,964 |
| All other expenses | $239 |
| Total functional expenses | $235,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,337 |
| 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 | $456,842 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $393,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,723 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,185 |
| Total assets | $1,424,708 |
| Accounts payable and accrued expenses | $20,800 |
| Grants payable | $0 |
| Deferred revenue | $7,029 |
| 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 | $84,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,466 |
| Total liabilities | $374,838 |
| Net assets without donor restrictions | $543,860 |
| Net assets with donor restrictions | $506,010 |
| 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 | $1,424,708 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Huntingdon County Business & Industry Inc has recieved totaling $90,425.
| Awarding Organization | Amount |
|---|---|
Alleghenies Planning And Development Commission Altoona, PA PURPOSE: VARIOUS | $90,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Opportunities Inc New York, NY | $41,857,908 | $87,797,672 |
Mdrc New York, NY | $143,919,606 | $93,136,568 |
1199 Seiu League Training And Upgrading Fund New York, NY | $42,542,566 | $63,487,129 |
Jevs Human Services Philadelphia, PA | $77,364,523 | $72,235,566 |
Philadelphia Works Inc Philadelphia, PA | $19,624,768 | $60,435,334 |
Common Ground Management Corporation New York, NY | $34,376,983 | $41,849,859 |
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Buffalo And Erie County Workforce Development Consortium Inc Buffalo, NY | $1,944,049 | $11,546,333 |