Allegheny Ridge Corporation
- Assets
- $785.2k
- Revenue
- $421.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Altoona, PA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 25-1689484
Organization Overview
Allegheny Ridge Corporation is located in Altoona, PA. The organization was established in 1994. 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 06/2022, Allegheny Ridge Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegheny Ridge 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 06/2022, Allegheny Ridge Corporation generated $421.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $356.6k during the year ending 06/2022. While expenses have increased by 4.4% 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
DEVELOP TOURISM IN THE ALLEGHENY RIDGE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND PLANNING STUDIES TO DEVELOP TOURISM AND TO DEVELOP PROGRAMS AND SITES WHICH INTERPRET THE HISTORY AND HERITAGE OF THE ALLEGHENY RIDGE AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Stager President | Officer | 0.5 | $0 |
Astride Mclanahan Vice President | Officer | 0.5 | $0 |
Richard Scholton Treasurer/secretary | Officer | 0.5 | $0 |
Donnie Rhodes Director | Trustee | 0.2 | $0 |
Richard Burket Director | Trustee | 0.2 | $0 |
Doug Bosley Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $418,493 |
| 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 | $418,493 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $421,538 |
| 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 | $145,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,988 |
| Payroll taxes | $12,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,404 |
| Office expenses | $16,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,239 |
| Travel | $12,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,366 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $356,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,532 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $151,797 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $23,300 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,248 |
| Net Land, buildings, and equipment | $502,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $65,600 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $785,212 |
| Accounts payable and accrued expenses | $109,522 |
| Grants payable | $0 |
| Deferred revenue | $30,456 |
| 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 | $40,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,978 |
| Net assets without donor restrictions | $605,234 |
| 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 | $785,212 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Allegheny Ridge Corporation has recieved totaling $5,196.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $5,196 |
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 |