Pa Irc Network Foundation
- Assets
- $229.7k
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Williamsport, PA
- Founding
- 06/2015
- Data as of
- 09/2022
- EIN
- 47-3349280
Organization Overview
Pa Irc Network Foundation is located in Williamsport, 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 09/2022, PA Irc Network Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. PA Irc Network 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 09/2022, PA Irc Network Foundation generated $6.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $6.2m during the year ending 09/2022. While expenses have increased by 1.8% per year over the past 6 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 2017, PA Irc Network Foundation has awarded 75 individual grants totaling $44,496,391. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE COLLABORATION AMONG INDEPENDENT NOT FOR PROFIT ECONOMIC DEVELOPMENT SUBCONTRACTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE A FEDERAL AWARD THAT SUPPORTS THE COLLABORATION AMONG INDEPENDENT NOT FOR PROFIT ECONOMIC DEVELOPMENT SUBRECIPIENTS THAT PROVIDE SMALL AND MEDIUM SIZED MANUFACTURERS WITH COMPREHENSIVE TECHNICAL AND BUSINESS ASSISTANCE, SUCH AS IMPLEMENTATION OF COMMERCIALLY AVAILABLE PROCESS TECHNOLOGIES, CONTINUOUS PROCESS IMPROVEMENT, WORKFORCE DEVELOPMENT, INNOVATION, AND PRODUCT DEVELOPMENT.CONTINUED ON SCHEDULE O.PA MEP IS ENGAGED IN ADDITIONAL PROJECTS WITHIN THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM, INCLUDING DEVELOPING A TOYOTA KATA BUSINESS MODEL THAT CAN BE REPLICATED AT OTHER STATE MEP CENTERS, PILOTING ADVANCED MANUFACTURING TECHNOLOGIES WITHIN VARIOUS INDUSTRY SECTORS, COLLABORATING WITH MANUFACTURING USA INSTITUTES (E.G., ADVANCED ROBOTICS IN MANUFACTURING INSTITUTE, AMERICA MAKES, CESMII, AND OTHERS), AND OTHER RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rikki Riegner Executive Director/ceo | Officer | 36 | $119,235 |
David Blain CPA Chairperson | OfficerTrustee | 1 | $0 |
Heidi Mckenna Vice Chairperson | OfficerTrustee | 1 | $0 |
John Thigpen Treasurer | OfficerTrustee | 1 | $0 |
Michael Lehman Secretary | OfficerTrustee | 1 | $0 |
Ray Yeager Treasurer (until 09/2021) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,193,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,193,749 |
| Total Program Service Revenue | $0 |
| Investment income | $49 |
| 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 | $6,193,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,858,868 |
| 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. | $126,815 |
| Compensation of current officers, directors, key employees. | $126,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,856 |
| Pension plan accruals and contributions | $6,969 |
| Other employee benefits | $5,818 |
| Payroll taxes | $13,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,113 |
| Advertising and promotion | $0 |
| Office expenses | $8,046 |
| Information technology | $2,851 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,783 |
| All other expenses | $0 |
| Total functional expenses | $6,178,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,431 |
| Pledges and grants receivable | $154,237 |
| 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 | $229,668 |
| Accounts payable and accrued expenses | $155,588 |
| 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 | $155,588 |
| Net assets without donor restrictions | $74,080 |
| 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 | $229,668 |
Grants Awarded
Over the last fiscal year, Pa Irc Network Foundation has awarded $5,857,729 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, NEAP/CARES | $1,429,940 |
Pittsburgh, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, MEP KATA IN A BOX, NEAP/CARES, AMTS PROGRAM | $1,277,669 |
York, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, NEAP/CARES | $779,714 |
Erie, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, NEAP/CARES | $747,693 |
Allentown, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, NEAP/CARES | $625,628 |
Wilkes Barre, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, NEAP/CARES | $543,211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |