Lehigh Valley Economic Investment Corporation

Organization Overview

Lehigh Valley Economic Investment Corporation is located in Bethlehem, PA. The organization was established in 1962. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Lehigh Valley Economic Investment Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Lehigh Valley Economic Investment Corporation generated $76.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $66.9k during the year ending 12/2021. While expenses have increased by 6.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AN ECONOMIC DEVELOPMENT AGENCY CERTIFIED THROUGH THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPLMENT AND FUNCTIONS TO FINANCE THE EXPANSION AND/OR RELOCATION OF BUSINESSES WITHIN LEHIGH AND NORTHAMPTON COUNTIES BY ACTING AS AN INTERMEDIARY BETWEEN EQUITABLE OWNERS, FINANCIAL INSTITUTIONS AND/OR THE COMMONWEALTH OF PENNSYLVANIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACTS AS AN INTERMEDIARY TO HELP FINANCE THE EXPANSION AND RELOCATION OF BUSINESSES WITHIN LEHIGH AND NORTHAMPTON COUNTIES IN PENNSYLVANIA.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher J Brown
President
$0
Michael W Adams
Secretary
$0
Brian Cook
Vice President
$0
Keith Bachman
Assistant Treasurer
$0
Chris Persichetti
Treasurer
$0
Amy Hawley
Assistant Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $27,000
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$27,000
Total Program Service Revenue$42,062
Investment income $6,507
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 $76,669

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