Butler Economic Development Corporation
- Assets
- $214.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Butler, PA
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 25-1867893
Organization Overview
Butler Economic Development Corporation is located in Butler, PA. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butler Economic 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 12/2023, Butler Economic Development Corporation generated $7.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $25.7k during the year ending 12/2023. While expenses have increased by 16.0% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
BUTLER ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED TO PROMOTE LOCAL ECONOMIC DEVELOPMENT AND FURTHER SOCIAL WELFARE THROUGH STRATEGIC PLACEMENT AND SUBSIDIZED OPERATION OF BUSINESS INCUBATORS AND MULTI-OCCUPANCY BUILDINGS THAT WILL PROVIDE START-UP AND EMERGING COMPANIES WITH OPERATING SPACE AND MANAGEMENT TECHNICAL ASSISTANCE. THE BUILDINGS WILL ALSO BE MADE AVAILABLE TO AGENCIES/ORGANIZATIONS THAT SERVE BOTH THE ENTREPRENEUR AND THE EMPLOYEE WHO WILL BE INVOLVED IN THESE BUILDINGS. THESE FACILITIES WILL BE PLACED IN TARGETED AREAS OF LOW TO MODERATE INCOME AND BROWNFIELD REDEVELOPMENT AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mccarrier President | 0.25 | $0 | |
Nicholas Neupauer Director | 0.25 | $0 | |
Scott Docherty Treasurer | 0.25 | $0 | |
Robi Lombardo Director | 0.25 | $0 | |
Mark Gordon Secretary | 0.25 | $0 | |
Dan Santoro Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $103 |
| Total Revenue | $7,626 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $585 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5 |
| Other expenses | $5,088 |
| Total expenses | $25,678 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $214,663 |
| Other assets | $0 |
| Total assets | $214,663 |
| Total liabilities | $977 |
| Net assets or fund balances | $213,686 |