Carnegie Community Development Corporation
- Assets
- $484.7k
- Revenue
- $106.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Carnegie, PA
- Founding
- 01/1994
- Data as of
- 04/2023
- EIN
- 25-1698524
Organization Overview
Carnegie Community Development Corporation is located in Carnegie, PA. The organization was established in 1994. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carnegie Community 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 04/2023, Carnegie Community Development Corporation generated $106.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $96.8k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carnegie Community Development Corporation has awarded 31 individual grants totaling $376,625. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CCDC IS A NON-PROFIT ORGANIZATION COMMITTED TO ENCOURAGING THE DEVELOPMENT AND GROWTH OF A VIBRANT, DIVERSE AND HEALTHY CARNEGIE COMMUNITY THROUGH ENHANCING THE HISTORIC BUSINESS DISTRICT, MARKETING ITS UNIQUE LOCATION, FOSTERING COLLABORATION AND OWNERSHIP AMONG THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ATTRACTION AND COMMUNITY DEVELOPMENT - TO ATTRACT NEW BUSINESS TO THE CARNEGIE BOROUGH, ASSIST EXISTING BUSINESSES TO ACCESS PROGRAMS AND RESOURCES TO ENHANCE THEIR CURRENT BUSINESS, ASSIST BUSINESSES IN EXPANSION, MAINTAIN A LIST OF AVAILABLE COMMERICAL PROPERTIES AND COORDINATE REAL ESTATE DEVELOPMENT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Kanto President | OfficerTrustee | 2 | $0 |
Larry Scott Vice Preside | OfficerTrustee | 2 | $0 |
Greg Mcguire Treasurer | OfficerTrustee | 2 | $0 |
Justin Dandoy Secretary | OfficerTrustee | 2 | $0 |
Karyn Rok Director | Trustee | 2 | $0 |
Bryan Martindale Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,378 |
| Total Program Service Revenue | $3,260 |
| 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 | $106,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,688 |
| 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. | $51,360 |
| Compensation of current officers, directors, key employees. | $15,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,152 |
| Office expenses | $2,571 |
| Information technology | $1,926 |
| Royalties | $0 |
| Occupancy | $5,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,873 |
| All other expenses | $0 |
| Total functional expenses | $96,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,354 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $203,320 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,674 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $484,674 |
| 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 | $484,674 |
Grants Awarded
Over the last fiscal year, Carnegie Community Development Corporation has awarded $25,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN LUTHERAN CHURCH PURPOSE: FOOD DISTRIBUTION | $10,500 |
CARNEGIE SALVATION ARMY PURPOSE: FOOD DISTRIBUTION | $15,000 |