Delaware County Industrial Development Corporation
- Assets
- $176.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Media, PA
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 23-6430313
Organization Overview
Delaware County Industrial Development Corporation is located in Media, PA. The organization was established in 1967. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Delaware County Industrial Development Corporation 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 12/2022, Delaware County Industrial Development Corporation generated $564.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $271.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE, ENCOURAGE AND DEVELOP INDUSTRIAL AND MANUFACTURING ENTERPRISES IN DELAWARE COUNTY, PA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick G Tomlison Chairman | 1 | $0 | |
David N Sciocchetti President | 1 | $0 | |
Francis J Catania ESQ Vice President | 1 | $0 | |
J Patrick Killian Secretary/treasurer | 1 | $0 | |
W David Eckard III Board Member | 1 | $0 | |
Joseph Mcginn Jr Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $564 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $564 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $271 |
| Total expenses | $271 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $176,049 |
| Other assets | $0 |
| Total assets | $176,049 |
| Total liabilities | $222,397 |
| Net assets or fund balances | -$46,348 |