Lehigh Valley Inter-Regional Networking & Connecting
- Assets
- $117.6k
- Revenue
- $355.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Bethlehem, PA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-2612358
Organization Overview
Lehigh Valley Inter-Regional Networking & Connecting is located in Bethlehem, PA. The organization was established in 2015. 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 12/2021, Lehigh Valley Inter-Regional Networking & Connecting employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh Valley Inter-Regional Networking & Connecting 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, Lehigh Valley Inter-Regional Networking & Connecting generated $355.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $336.5k during the year ending 12/2021. While expenses have increased by 16.7% 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
SUPPORTING EMPLOYERS IN THEIR EFFORTS TO ATTRACT AND RETAIN (CONTINUED ON SCHEDULE O) DIVERSE TALENT BY PROVIDING INFORMATION AND RESOURCES THROUGH PERSONAL AND PROFESSIONAL CONNECTIONS, EASING TRANSITION INTO THE LEHIGH VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCE RECRUITING AND RETENTION OF DIVERSE, SKILLED TALENT IN THE LEHIGH VALLEY BY OFFERING COMPREHENSIVE SERVICES FOR NEWLY RECRUITED EMPLOYEES AND THEIR FAMILIES, THUS IMPROVING EMPLOYEE SATISFACTION AND REDUCING EMPLOYEE TURNOVER AND THEREBY IMPROVING THE OVERALL EMPLOYMENT ENVIRONMENT AND QUALITY OF LIFE IN THE COMMUNITY.EDUCATE THE LEHIGH VALLEY REGION ON DIVERSITY AND INCLUSION AND BEST PRACTICES FOR RECRUITMENT AND RETENTION TO BUILD AN INCLUSIVE CULTURE WHERE DIVERSE TALENT CAN FLOURISH; THEREBY SUPPORTING FULL EMPLOYMENT IN THE REGION TO HELP RELIEVE AND REDUCE UNEMPLOYMENT.PROVIDE SERVICES AND SUPPORT FOR LOCAL AND REGIONAL NOT-FOR-PROFIT ORGANIZATIONS THAT REQUIRE ASSISTANCE WITH RECRUITMENT AND RETENTION, THROUGH A GIFTING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Cornelius President | Officer | 50 | $87,054 |
Edwin Taliaferro Treasurer | OfficerTrustee | 3 | $0 |
Ron Arnold Board Chair | Officer | 8 | $0 |
Scott Hanton Vice Chair/secretary | Officer | 3 | $0 |
Scott Blair Director | Trustee | 1 | $0 |
Dr Khanjan Mehta Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,433 |
| Total Program Service Revenue | $261,131 |
| Investment income | $0 |
| 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 | $355,564 |
| 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 | $254,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $7,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,846 |
| Advertising and promotion | $3,576 |
| Office expenses | $11,716 |
| Information technology | $13,666 |
| Royalties | $0 |
| Occupancy | $13,167 |
| Travel | $1,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240 |
| Insurance | $1,947 |
| All other expenses | $390 |
| Total functional expenses | $336,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,500 |
| 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 | $299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,593 |
| Accounts payable and accrued expenses | $1,992 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $21,992 |
| Net assets without donor restrictions | $90,601 |
| Net assets with donor restrictions | $5,000 |
| 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 | $117,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lehigh Valley Inter-Regional Networking & Connecting has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
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 |