Bethlehem Economic Development Corp

Bethlehem Economic Development Corp Overview

Bethlehem Economic Development Corp is located in Bethlehem, PA. The organization was established in 1985. 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 12/2019, Bethlehem Economic Development Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Bethlehem Economic Development Corp generated $845.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $720.6k during the year ending 12/2019. While expenses have increased by 3.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ALL BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA, WITH AN EMPHASIS ON PROMOTING THE DEVELOPMENT OF MANUFACTURING, INDUSTRIAL, RESEARCH AND DEVELOPMENT ENTERPRISES; - TO COORDINATE A UNIFIED DOWNTOWN ORGANIZATION AND RETAIL STRATEGY; AND - TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL , STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL , REDEVELOPMENT AND IMPROVEMENT OF BUSINESS IN THE CITY OF BETHLEHEM, LEHIGH AND NORTHAMPTON COUNTIES, PENNSYLVANIA, ALL FOR THE PRIMARY PURPOSE OF COMBAT

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACQUIRE, HOLD, IMPROVE, DEVELOP AND DISPOSE OF REAL PROPERTY LOCATED IN THE CITY OF BETHLEHEM AND TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS.


TO PROVIDE AFFORDABLE RENTAL SPACES TO SMALL BUSINESSES AND TO CONTINUE TO SERVE AND ATTRACT SMALL COMPANIES WITHIN THE TECHNOLOGY INDUSTRY TO THE CITY OF BETHLEHEM.


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Bethlehem Economic Development Corp Board, Officers & Key Employees

Name (title)Compensation
Luke Cunningham
President
$0
Eric Evans
Treasurer
$0
Alicia Miller Karner
Executive Di
$0
Tony Hanna
Director
$0
Don Cunningham
Director
$0
Jane Long
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$843,701
Investment income $1,540
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 $845,241

Bethlehem Economic Development Corp Grants Recieved

Over the last fiscal year, we have identified 3 grants that Bethlehem Economic Development Corp has recieved totaling $340,072.

Awarding OrganizationAmount
Lehigh University

Bethlehem, PA

|

$320,072
St Lukes Hospital

Allentown, PA

PURPOSE: PROGRAM SUPPORT

$15,000
Lehigh Valley Economic Development Corporation

Bethlehem, PA

PURPOSE: KEYSTONE INNOVATION ZONE PRIMARY PARTNERSHIP

$5,000
View Grant Recipient Profile

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