Potter County Educational Council Inc
- Assets
- $967.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Coudersport, PA
- Founding
- 04/1997
- Data as of
- 06/2024
- EIN
- 25-1762130
Organization Overview
Potter County Educational Council Inc is located in Coudersport, PA. The organization was established in 1997. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Potter County Educational Council Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potter County Educational Council 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 06/2024, Potter County Educational Council Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $842.7k during the year ending 06/2024. While expenses have increased by 3.7% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL COURSES TO DISPLACED WORKERS AND OTHER INDIVIDUALS INTERESTED IN POST SECONDARY EDUCATIONAL COURSES ON A NON-DISCRIMINATORY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Morley Chairman/president | Officer | 5 | $0 |
Al Haney Vice Chairman | Officer | 5 | $0 |
Nathan Jones Secretary | Officer | 5 | $0 |
Gary Buchsen Treasurer | Officer | 5 | $0 |
Kristin Kratzer Director | Trustee | 5 | $0 |
Robert Esch Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $813,358 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,410 |
| Total Program Service Revenue | $291,261 |
| Investment income | $5,137 |
| 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 | $1,156,808 |
| 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. | $78,021 |
| Compensation of current officers, directors, key employees. | $78,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,990 |
| Payroll taxes | $34,912 |
| 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 | $15,649 |
| Office expenses | $8,935 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,225 |
| Travel | $7,267 |
| 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 | $64,186 |
| Insurance | $11,328 |
| All other expenses | $71,896 |
| Total functional expenses | $842,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,341 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,954 |
| Prepaid expenses and deferred charges | $5,634 |
| Net Land, buildings, and equipment | $460,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,521 |
| Other assets | $0 |
| Total assets | $967,889 |
| Accounts payable and accrued expenses | $33,169 |
| 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 | $33,169 |
| Net assets without donor restrictions | $604,309 |
| Net assets with donor restrictions | $330,411 |
| 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 | $967,889 |