York County Economic Alliance
- Assets
- $4.4m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 28
- Location
- York, PA
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-3777710
Organization Overview
York County Economic Alliance is located in York, PA. The organization was established in 2012. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, York County Economic Alliance employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. York County Economic Alliance 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 12/2021, York County Economic Alliance generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $9.2m during the year ending 12/2021. While expenses have increased by 22.2% 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.
Since 2021, York County Economic Alliance has awarded 211 individual grants totaling $6,400,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YCEA DRIVES YORK COUNTY'S ECONOMIC GROWTH BY LEVERAGING THE COLLABORATION, RESOURCES, AND EXPERTISE NEEDED TO CREATE SUSTAINABLE PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YCEA HAS DEVELOPED PROGRAMS FOR BUSINESS RETENTION AND EXPANSION THROUGH A STATEWIDE ECONOMIC DEVELOPMENT TOOL FOCUSED SOLELY ON BUSINESS RETENTION AND JOB CREATION; BUSINESS AND PROJECT FINANCING INCLUDING MARKETING, PACKAGING, AND ADMINISTERING FEDERAL, STATE, AND LOCAL FUNDING PROGRAMS AND GRANTS; AND BUSINESS ATTRACTION INCLUDING SITE SELECTION AND INFRASTRUCTURE ASSISTANCE, ECONOMIC/DEMOGRAPHIC RESEARCH, LOCAL/REGIONAL/STATE NETWORKING. YCEA IS ABLE TO ATTRACT BUSINESS WITH SUCH PROGRAMS AS WORKFORCE DEVELOPMENT.
YCEA GIVES ACCESS TO MORE THAN 1,000 BUSINESSES REPRESENTING OVER 50,000 EMPLOYEES. MEMBERSHIP SERVICES HELP PROMOTE THE BUSINESS COMMUNITY AND SUPPORT MEMBERS TO ACHIEVE ECONOMIC DEVELOPMENT. MORE THAN 34 EVENTS ARE OFFERED ANNUALLY. YCEA ALLOWS MEMBERS TO MARKET THEIR ORGANIZTION TO AN EXTENSIVE RANGE OF OVER 700 BUSINESS CATEGORIES THROUGHOUT THE REGION. THERE ARE MANY WAYS FOR MEMBERS TO PROMOTE THEIR BUSINESS. THROUGH THE PARTNERSHIP CAMPAIGN, MEMBERS MAY PURCHASE SPONSORSHIPS TO MARKET THEIR BUSINESS. MEMBERS ALSO MAY PROMOTE THEIR BUSINESS THROUGH VARIOUS PUBLICATIONS. YCEA GIVES MEMBERS A VOICE TO BE HEARD ON ISSUES FACING SMALL AND LARGE BUSINESSES. THE BUSINESS ADVOCACY COMMITTEE WORKS ON MEMBERS' BEHALF TO TAKE ACTION ON LEGISLATIVE AND EDUCATION ISSUES THAT AFFECT YCEA MEMBERS. OUR BUSINESS ADVOCACY NETWORK CONNECTS MEMBERS WITH ELECTED OFFICIALS AT THE FEDERAL, STATE, AND LOCAL LEVELS. MEMBERS HAVE THE OPPORTUNITY TO NETWORK THROUGH LUNCHEONS, TRIPS, AND THE ECONOMICS CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Vermeulen Vice-Chair/s | OfficerTrustee | 5 | $0 |
William T Yanavitch II Chair | OfficerTrustee | 5 | $0 |
Kevin Schreiber President & | Officer | 30 | $0 |
Nancy Barry Vp, Operatio | Officer | 30 | $0 |
Abe Amoros Director | Trustee | 0.5 | $0 |
Michael J Black Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $566,435 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,825,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,528,973 |
| Total Program Service Revenue | $695,869 |
| Investment income | $101,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $224,079 |
| Net Income from Fundraising Events | $121,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,671,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,460,000 |
| 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. | $390,292 |
| Compensation of current officers, directors, key employees. | $390,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,181,906 |
| Pension plan accruals and contributions | $79,963 |
| Other employee benefits | $145,308 |
| Payroll taxes | $117,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,087 |
| Fees for services: Accounting | $16,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,498 |
| Fees for services: Other | $855 |
| Advertising and promotion | $9,408 |
| Office expenses | $71,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,768 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,084 |
| Interest | $1,234 |
| Payments to affiliates | $93,030 |
| Depreciation, depletion, and amortization | $3,074 |
| Insurance | $22,665 |
| All other expenses | $13,640 |
| Total functional expenses | $9,195,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,470,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,911 |
| 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 | $32,763 |
| Net Land, buildings, and equipment | $2,341 |
| Investments—publicly traded securities | $1,673,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,783 |
| Total assets | $4,435,375 |
| Accounts payable and accrued expenses | $143,099 |
| Grants payable | $0 |
| Deferred revenue | $1,184,673 |
| 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 | $377,345 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,783 |
| Total liabilities | $1,900,900 |
| Net assets without donor restrictions | $2,534,475 |
| 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 | $4,435,375 |
Grants Awarded
Over the last fiscal year, York County Economic Alliance has awarded $6,400,000 in support to 211 organizations.
| Grant Recipient | Amount |
|---|---|
SPRINGWOOD HOSPITALITY IV LPHOMEWOOD SUITES YORK PURPOSE: YORK COUNTY CHIRP & | $50,000 |
CENTRAL PA EQUITIES 22 LLCTRU BY HILTON YORK PURPOSE: YORK COUNTY CHIRP & | $50,000 |
4 JAYBIRDS INCDUTCH COUNTRY RESTAURANT PURPOSE: YORK COUNTY CHIRP & | $50,000 |
HERITAGE HILLS BUSINESSES LIMITED PHERITAGE HILLS RESORT PURPOSE: YORK COUNTY CHIRP & | $50,000 |
ALGEJA INCCRIMSON AMERICAN GRILL PURPOSE: YORK COUNTY CHIRP & | $50,000 |
HANOVER PARTNERS LTDHAMPTON INN PURPOSE: YORK COUNTY CHIRP & | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that York County Economic Alliance has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Southcentral Workforce Investment Board Harrisburg, PA PURPOSE: DCED ENGAGE GRANT | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |