Greater Titusville Development Foundation
- Assets
- $106.6k
- Revenue
- $16.4k
- Investments
- $92.1k
- Employees
- 0
- Location
- Titusville, PA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5431878
Organization Overview
Greater Titusville Development Foundation is located in Titusville, 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. Greater Titusville Development Foundation 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, Greater Titusville Development Foundation generated $16.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.8%) each year. All expenses for the organization totaled $34.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Greater Titusville Development Foundation has awarded 18 individual grants totaling $156,772. 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
THE FOUNDATION WAS CREATED IN 2014 TO MEET THE NEED FOR A RESOURCE TO CONNECT COMMUNITY AND ECONOMIC DEVELOPMENT RELATED PROJECTS WITH PRIVATE FUNDING SOURCES AND DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED IN 2014 TO MEET THE NEED FOR A RESOURCE TO CONNECT COMMUNITY AND ECONOMIC DEVELOPMENT RELATED PROJECTS WITH PRIVATE FUNDING SOURCES AND DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci J N Middleton Treasurer | OfficerTrustee | 1 | $0 |
Renee Ewing Thompson Secretary | OfficerTrustee | 1 | $0 |
Walter E Funk Jr Vice President | OfficerTrustee | 1 | $0 |
Abigail Popescu President | OfficerTrustee | 1 | $0 |
Lorraine H Baker Director | Trustee | 0.5 | $0 |
Amy Ruot Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,848 |
| Total Program Service Revenue | $0 |
| Investment income | $414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,745 |
| Grants and other assistance to domestic individuals. | $7,375 |
| 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 | $15 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,271 |
| Fees for services: Other | $0 |
| Advertising and promotion | $439 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $673 |
| All other expenses | $0 |
| Total functional expenses | $34,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,090 |
| Savings and temporary cash investments | $371 |
| 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 | $92,103 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,564 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $106,564 |
| 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 | $106,564 |
Grants Awarded
Over the last fiscal year, Greater Titusville Development Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Titusville, PA PURPOSE: FACADE | $5,000 |
Titusville, PA PURPOSE: FACADE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Titusville Development Foundation has recieved totaling $1,081.
| Awarding Organization | Amount |
|---|---|
Five M Foundation Titusville, PA PURPOSE: FINANCIAL GIVING TO FURTHER DONEE'S EXEMPT PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
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 |