Economic & Community Growth Corporation Of Lycoming County
- Assets
- $67.3k
- Revenue
- $44.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsport, PA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3480562
Organization Overview
Economic & Community Growth Corporation Of Lycoming County is located in Williamsport, PA. The organization was established in 2014. 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. Economic & Community Growth Corporation Of Lycoming County 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 12/2021, Economic & Community Growth Corporation Of Lycoming County generated $44.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $39.4k during the year ending 12/2021. While expenses have increased by 14.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE ECONOMIC AND COMMUNITY DEVELOPMENT OF WILLIAMSPORT AND LYCOMING COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILLIAMSPORT YOUNG PROFESSIONALS PROGRAM EDUCATES YOUNG PROFESSIONALS ABOUT THEIR COMMUNITY AND MOTIVATES THEM TO BECOME ACTIVE IN THEIR COMMUNITY.
THE TECHNOLOGY FUTURES OF NORTH CENTRAL PA (TECH FUTURES) IS UNITED UNDER A SHARED VISION FOR TECHNOLOGY ADVANCEMENT AND ECONOMIC DEVELOPMENT. ITS FOCUS IS TO BRING TOGETHER COMPANIES, GOVERNMENT, EDUCATORS, STUDENTS, AND PARENTS WHO HAVE A VITAL INTEREST IN KNOWING ABOUT TECHNOLOGY INNOVATIONS IN THE REGION AS WELL AS BUSINESS AND CAREER OPPORTUNITIES. THE GUIDING PRINCIPLES ARE INNOVATION, ENTREPRENEURSHIP, MENTORING, COLLABORATIVE EFFORTS, RECOGNITION, AND EDUCATION.
DURING 2020, WLCC, ECGC AND IPC, IN PARTNERSHIP WITH LYCOMING COUNTY AND THE FIRST COMMUNITY FOUNDATION PARTNERSHIP OF PENNSYLVANIA (FCFP), ESTABLISHED A GRANT AND LOAN PROGRAM TO ASSIST FORPROFIT SMALL BUSINESSES WITH ANNUAL REVENUES NOT EXCEEDING $3,000,000 THAT WERE SEVERELY IMPACTED BY THE COVID-19 PANDEMIC. THE PROGRAM MONIES WERE MADE AVAILABLE IN A COMBINATION OF GRANTS AND LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Davie Jane Gilmour Chair | OfficerTrustee | 1 | $0 |
John R Houser Immediate Past Chair | OfficerTrustee | 1 | $0 |
Bruce A Smithgall Vice Chair | OfficerTrustee | 1 | $0 |
Philip H Johnson Treasurer | OfficerTrustee | 1 | $0 |
Jason C Fink President/ceo/secretary | OfficerTrustee | 1 | $0 |
Andree P Phillips Education Committee Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,565 |
| Total Program Service Revenue | $0 |
| Investment income | $252 |
| 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 | $44,817 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $4,923 |
| Advertising and promotion | $0 |
| Office expenses | $465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $39,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,323 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,323 |
| Accounts payable and accrued expenses | $2,889 |
| 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 | $13 |
| Total liabilities | $2,902 |
| Net assets without donor restrictions | $52,537 |
| Net assets with donor restrictions | $11,884 |
| 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 | $67,323 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic & Community Growth Corporation Of Lycoming County has recieved totaling $74,000.
| Awarding Organization | Amount |
|---|---|
First Community Foundation Partnership Of Pennsylvania Williamsport, PA PURPOSE: SMALL BUSINESS ASSISTANCE PROGRAMS - STRATEGIC GRANT PER COMMITTEE | $74,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |