Can Do Inc
- Assets
- $88.1m
- Revenue
- $19.9m
- Investments
- $1.9m
- Employees
- 22
- Location
- Hazleton, PA
- Founding
- 02/1959
- Data as of
- 06/2022
- EIN
- 23-6296551
Organization Overview
Can Do Inc is located in Hazleton, PA. The organization was established in 1959. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Can Do Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Can Do Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Can Do Inc generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $10.4m during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN THE GREATER HAZLETON AREA THROUGH THE CREATION OF EMPLOYMENT OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER HAZLETON COMMUNITY AREA NEW DEVELOPMENT ORGANIZATION, INC ("CAN DO") WAS ESTABLISHED IN 1956 TO SECURE NEW JOB OPPORTUNITIES AND TO PROMOTE AND ATTRACT THE ESTABLISHMENT OF NEW BUSINESSES FOR RESIDENTS OF THE GREATER HAZLETON AREA AND SURROUNDING COMMUNITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph F Lettiere President & | OfficerTrustee | 40 | $199,587 |
Patricia Gendler CPA Assistant Se | Officer | 40 | $159,331 |
Greg Kurtz Assistant Se | Officer | 40 | $123,517 |
John E Schwear Jr Secretary | OfficerTrustee | 2 | $0 |
Charles Burkhardt Chairman | OfficerTrustee | 2 | $0 |
Ken Okrepkie Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jvi Inc Construction | 6/29/22 | $2,364,663 |
Greater Hazleton Joint Sewer Utilities | 6/29/22 | $313,577 |
T Platek Contractors Construction | 6/29/22 | $360,718 |
Hazleton City Authority Utilities | 6/29/22 | $545,536 |
Kriger Construction Construction | 6/29/22 | $1,983,652 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,753,461 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,782,941 |
| Total Program Service Revenue | $8,108,683 |
| Investment income | -$307,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,309,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,938,198 |
| 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 | $1,315,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $388,699 |
| Payroll taxes | $94,997 |
| Fees for services: Management | $0 |
| 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 | $204,805 |
| Advertising and promotion | $81,570 |
| Office expenses | $24,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $731,818 |
| Travel | $38,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $402,908 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $208,728 |
| All other expenses | $1,986,715 |
| Total functional expenses | $10,358,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,186,976 |
| Pledges and grants receivable | $1,062,655 |
| Accounts receivable, net | $899,212 |
| 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 | $152,934 |
| Net Land, buildings, and equipment | $32,383,833 |
| Investments—publicly traded securities | $2,845,083 |
| Investments—other securities | $1,871,864 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,717,474 |
| Total assets | $88,120,031 |
| Accounts payable and accrued expenses | $3,263,651 |
| Grants payable | $0 |
| Deferred revenue | $22,829 |
| 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 | $13,649,290 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,202,270 |
| Total liabilities | $18,138,040 |
| Net assets without donor restrictions | $69,981,991 |
| 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 | $88,120,031 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Can Do Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Paul And Lisa Deangelo Family Founation Fort Lauderdale, FL PURPOSE: GENERAL FUND PURPOSE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |