Tioga County Development Corporation

Organization Overview

Tioga County Development Corporation, operating under the name Develop Tioga, is located in Wellsboro, PA. The organization was established in 1994. 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. As of 12/2022, Develop Tioga employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Develop Tioga 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 12/2022, Develop Tioga generated $228.8k 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 (11.3%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Develop Tioga has awarded 24 individual grants totaling $420,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSISTS IN THE ECONOMIC DEVELOPMENT OF TIOGA COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSISTED DOZENS OF BUSINESSES IN TIOGA COUNTY. CONDUCTED THE ANNUAL LEGISLATIVE BREAKFAST. CONDUCTED BOARD RETREAT AND ANNUAL MEETING.


SALARY ALLOCATION FOR THEIR EXECUTIVE DIRECTOR.


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Board, Officers & Key Employees

Name (title)Compensation
Kristin Hamilton
Executive Di
$61,973
Diana Barnes
Board Member
$0
Roger C Bunn
Board Member
$0
Dr Brenda Freeman
Board Member
$0
Janie Hilfiger
Board Member
$0
Sam Rotella Jr
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $19,453
All other contributions, gifts, grants, and similar amounts not included above$32,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$51,453
Total Program Service Revenue$120,528
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 $228,806

Grants Awarded

Over the last fiscal year, Tioga County Development Corporation has awarded $420,000 in support to 24 organizations.

Grant RecipientAmount

OLD WELLSBORO INN

|

|

$10,000

GAS LIGHT INC

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|

$20,000

WELLSBORO HOTEL COMPANY

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|

$10,000

PD RESTAURANT

|

|

$20,000

A&J HUGHES LIMITED

|

|

$20,000

TWIN STREAMS GROUP LLC

|

|

$10,000
View Grant Profile

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