Penn Northwest Development Corporation
- Assets
- $3.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Hermitage, PA
- Founding
- 12/1985
- Data as of
- 06/2023
- EIN
- 25-1515795
Organization Overview
Penn Northwest Development Corporation is located in Hermitage, PA. The organization was established in 1985. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Penn Northwest Development Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Northwest Development Corporation 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 06/2023, Penn Northwest Development Corporation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 4 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO FACILITATE THE CREATION OF JOBS BY PROMOTING, FINANCING, AND ENCOURAGING ECONOMIC DEVELOPMENT THROUGH THE COOPERATIVE EFFORTS OF THE PUBLIC AND PRIVATE SECTORS, THEREBY IMPROVING THE QUALITY OF LIFE IN MERCER COUNTY AND WESTERN PENNSYLVANIA. PENN-NORTHWEST SHALL BE THE LEAD ECONOMIC DEVELOPMENT ORGANIZATION IN MERCER COUNTY REPRESENTING THE COUNTY IN ALL ECONOMIC DEVELOPMENT MATTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE STRIVE TO: 1. ATTRACT NEW BUSINESSES TO MERCER COUNTY THAT WILL MAKE CAPITAL INVESTMENT IN PROPERTY AND WILL CREATE REAL FAMILY-WAGE SUSTAINING JOBS.2. TO PROVIDE EDUCATIONAL, BUSINESS DEVELOPMENT, AND EXPANSION OPPORTUNITIES FOR LOCAL INDUSTRY TO GROW AND PROSPER3. TO SERVE AS AN ADVOCATE FOR INFRASTRUCTURE/SITES DEVELOPMENT IMPROVEMENTS THROUGHOUT THE COUNTY THAT BETTER POSITION THE COUNTY TO ATTRACT INVESTMENT AND JOB CREATION.4. TO FOSTER A GOOD WORKING RELATIONSHIP WITH LOCAL, STATE, AND FEDERAL ELECTED OFFICIALS.5. TO PROVIDE HIGH-QUALITY CUSTOMER SERVICE TO OUR MEMBERS AND VALUE IN EXCHANGE FOR THEIR MEMBERSHIP DUES.6. TO CONTROL COSTS AND EXPENSES7. TO GROW NEW FUNDING SOURCES TO INCREASE OPERATING FLEXIBILITY AND MAKE PNDC LESS DEPENDENT ON GOVERNMENT FUNDING SOURCES.8. TO MAXIMIZE CURRENT FUNDING SOURCES.9. TO USE TECHNOLOGY TO MAKE COMMUNICATION A FOUNDATIONAL CORE COMPETENCY.10. TO BECOME A MORE EFFECTIVE MARKETING COMPANY BY DEVELOPMENT AND USE OF A COMPREHENSIVE CORPORATE MARKETING PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kalmanek Board Member | Trustee | 0.2 | $0 |
John Thigpen Immediate Past Chair | OfficerTrustee | 1.5 | $0 |
Robert Rogalski Board Member | Trustee | 0.2 | $0 |
Zachary Lenhart Board Member | Trustee | 0.2 | $0 |
Stacey Glenn Board Member | Trustee | 0.2 | $0 |
Mark Hudson Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,000 |
| Related organizations | $0 |
| Government grants | $796,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,112,124 |
| Total Program Service Revenue | $263,006 |
| Investment income | $11,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,568 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,416,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $579,495 |
| 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. | $135,030 |
| Compensation of current officers, directors, key employees. | $40,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,850 |
| Pension plan accruals and contributions | $11,312 |
| Other employee benefits | $28,095 |
| Payroll taxes | $29,812 |
| Fees for services: Management | $5,804 |
| Fees for services: Legal | $9,134 |
| Fees for services: Accounting | $27,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,197 |
| Advertising and promotion | $40,312 |
| Office expenses | $0 |
| Information technology | $45,090 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,220 |
| Interest | $1,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,697 |
| All other expenses | $41,795 |
| Total functional expenses | $1,387,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,086 |
| Savings and temporary cash investments | $648,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $947,856 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,177,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $100,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,368,532 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $195,890 |
| 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 | $200,601 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $396,491 |
| Net assets without donor restrictions | $2,972,041 |
| 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 | $3,368,532 |
Grants Awarded
Over the last fiscal year, Penn Northwest Development Corporation has awarded $579,495 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMPLIANCE ENVIRONMENTAL SERVICE PURPOSE: ENVIRONMENTAL ASSESSMENT AND CLEAN-UP | $40,004 |
DJS VENTURES INC PURPOSE: ENVIRONMENTAL ASSESSMENT AND CLEAN-UP | $36,250 |
NLMK USA PURPOSE: RAIL FREIGHT ASSISTANCE | $503,241 |