Seda Cog Local Development Corp is located in Lewisburg, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seda Cog Local Development Corp 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 09/2021, Seda Cog Local Development Corp generated $334.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $235.3k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. 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
PROMOTE AND ASSIST IN THE GROWTH, ECONOMIC DEVELOPMENT, JOB DEVELOPMENT AND RETENTION OF SMALL BUSINESS CONCERNS LOCATED IN CENTRAL PENNSYLVANIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED IN SECURING SBA LOANS FOR NUMEROUS SMALL BUSINESS CONCERNS LOCATED IN CENTRAL PENNSYLVANIA WHICH ASSISTED AND PROMOTED ECONOMIC AND JOB DEVELOPMENT IN THE REGION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dennis Van Benthuysen Treasurer | OfficerTrustee | $0 | |
Mark Higgins 2nd Vice Pre | OfficerTrustee | $0 | |
Kevin P Kodish 1st Vice Pre | OfficerTrustee | $0 | |
Mark Partner President | OfficerTrustee | $0 | |
Larry Reisinger Secretary | OfficerTrustee | $0 | |
Preston Boop Director | Trustee | $0 |
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 | $334,666 |
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 | $334,666 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $153,007 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $31,997 |
Advertising and promotion | $0 |
Office expenses | $10,907 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,726 |
Travel | $224 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $905 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,650 |
Insurance | $7,392 |
All other expenses | $0 |
Total functional expenses | $235,257 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $234,035 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,808 |
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 | $52,942 |
Net Land, buildings, and equipment | $2,713 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $295,498 |
Accounts payable and accrued expenses | $64,444 |
Grants payable | $0 |
Deferred revenue | $52,981 |
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 | $3,995 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $121,420 |
Net assets without donor restrictions | $174,078 |
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 | $295,498 |
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