Capital Region Economic Developement Corporation

Organization Overview

Capital Region Economic Developement Corporation is located in Harrisburg, PA. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Capital Region Economic Developement 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, Capital Region Economic Developement Corporation generated $947.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE CAPITAL REGION ECONOMIC DEVELOPMENT CORP. IS TO BE A CATALYST FOR POLICY CHANGE, FOR JOB CREATION AND FOR BUSINESS GROWTH IN CUMBERLAND, DAUPHIN AND PERRY COUNTIES THAT ENHANCES THE QUALITY OF LIFE IN OUR REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PERFORM AND PROMOTE ECONOMIC DEVELOPMENT IN SOUTH CENTRAL PENNSYLVANIA THROUGH FINANCING AND LOAN PROGRAMS, BUILDING AND SITE LOCATION, INTERNATIONAL EXPORT OPPORTUNITIES, REGIONAL INFRASTRUCTURE AND EXISTING BUSINESS RETENTION AND EXPANSION. DURING 2021, CREDC ORIGINATED 16 PROJECTS WITH LOANS, GRANTS AND TAX CREDITS THAT RESULTED IN APPROXIMATELY 42 MILLION IN PRIVATE INVESTMENT, 90 MILLION IN PUBLIC FUNDING AND CREATED OR RETAINED 2,200 JOBS IN SOUTH CENTRAL PENNSYLVANIA.


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Board, Officers & Key Employees

Name (title)Compensation
David Black Until 630
President
$0
Wade Becker
2nd Vice Cha
$0
Ryan Unger
President
$0
Katie Clarke
Treasurer
$0
Michael B Funck
Chair
$0
Benjamin C Dunlap Jr
Immediate Pa
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $150,860
All other contributions, gifts, grants, and similar amounts not included above$261,811
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$412,671
Total Program Service Revenue$428,275
Investment income $31,936
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $75,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $947,882

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Capital Region Economic Developement Corporation has recieved totaling $44,000.

Awarding OrganizationAmount
$39,000
Ppl Foundation

Allentown, PA

PURPOSE: PROGRAM SUPPORT

$5,000
View Grant Recipient Profile

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