Clinton County Economic Partnership
- Assets
- $4.5m
- Revenue
- $270.6k
- Investments
- $3.5m
- Employees
- 2
- Location
- Lock Haven, PA
- Founding
- 11/1959
- Data as of
- 06/2022
- EIN
- 25-6067530
Organization Overview
Clinton County Economic Partnership is located in Lock Haven, PA. The organization was established in 1959. 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, Clinton County Economic Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton County Economic Partnership 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 06/2022, Clinton County Economic Partnership generated $270.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $326.9k during the year ending 06/2022. 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
TO FACILILITATE ECONOMIC DEVELOPMENT AND EXPANSION, JOB CREATION AND TO FOSTER A CLIMATE FOR GROWTH AND PROSPERITY IN CLINTON COUNTY, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE ECONOMIC EXPANSION AND DEVELOPMENT, JOB CREATION, AND TO FOSTER A CLIMATE FOR GROWTH AND PROSPERITY IN CLINTON COUNTY, PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Russo Chairman | OfficerTrustee | 5 | $0 |
Bill Garbrick Vice President | OfficerTrustee | 5 | $0 |
Michael Flanagan President & CEO | Officer | 5 | $0 |
Steve Stevenson Director | Trustee | 1 | $0 |
Darlene Weaver Director | Trustee | 1 | $0 |
Dan Harger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,867 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,202 |
| Total Program Service Revenue | $3,612 |
| Investment income | $1,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,077 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,611 |
| 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 | $170,348 |
| Pension plan accruals and contributions | $48,699 |
| Other employee benefits | $0 |
| Payroll taxes | $11,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,999 |
| Fees for services: Accounting | $23,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,140 |
| Advertising and promotion | $1,488 |
| Office expenses | $6,406 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,606 |
| Travel | $3,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,032 |
| Interest | $13,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,508 |
| Insurance | $7,882 |
| All other expenses | $2,862 |
| Total functional expenses | $326,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,062 |
| 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 | $79,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,537,105 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $4,545,472 |
| Accounts payable and accrued expenses | $1,537 |
| 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 | $1,199,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,693 |
| Total liabilities | $1,207,511 |
| Net assets without donor restrictions | $3,337,961 |
| 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 | $4,545,472 |
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|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
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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 |