Columbia Economic Development Corporation
- Assets
- $34.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, PA
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 20-1464297
Organization Overview
Columbia Economic Development Corporation is located in Columbia, PA. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Columbia Economic Development Corporation 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, Columbia Economic Development Corporation generated $21.5k 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 (5.4%) each year. All expenses for the organization totaled $28.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ENSURING AND FACILITATING A HIGHER QUALITY OF LIFE FOR THE BOROUGH OF COLUMBIA, PENNSYLVANIA BY PROMOTING BUSINESS DEVELOPMENT AND EXPANSION WITHIN THE BOROUGH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Kloidt Jr Executive Di | 15 | $16,900 | |
Keith Lutz President | 1 | $0 | |
Mike Martinelli Secretary | 1 | $0 | |
Michael Reiner Treasurer | 1 | $0 | |
Ben Gorman Member | 1 | $0 | |
Tom Fleckenstein Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,454 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,225 |
| Other Revenue | $1,800 |
| Total Revenue | $21,479 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,900 |
| Professional fees and other payments to independent contractors | $4,851 |
| Occupancy, rent, utilities, and maintenance | $563 |
| Printing, publications, postage, and shipping | $429 |
| Other expenses | $5,651 |
| Total expenses | $28,394 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,574 |
| Other assets | $0 |
| Total assets | $34,574 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbia Economic Development Corporation has recieved totaling $16,544.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED GRANTS FOR GENERAL OPERATING SUPPORT. | $16,544 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Commission Of Fayette County Washington Court House, OH | $10,620,828 | $9,688,038 |
Downtown Cleveland Alliance Cleveland, OH | $4,884,612 | $9,424,862 |
New Jersey Community Development Corporation Inc Paterson, NJ | $38,005,348 | $12,337,768 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
Fifth Avenue Association Business Improvement District Inc New York, NY | $1,371,227 | $6,747,998 |
Lakeside Association Lakeside, OH | $18,007,265 | $9,409,090 |
Alloy Development Co Inc Cincinnati, OH | $4,726,609 | $7,810,614 |
Fifth Avenue Committee Incorporated Brooklyn, NY | $7,015,493 | $7,933,714 |