Pennsylvania Tourism Signing Trust
- Assets
- $17.7m
- Revenue
- $1.9m
- Investments
- $12.4m
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 02/1986
- Data as of
- 08/2021
- EIN
- 23-6797678
Organization Overview
Pennsylvania Tourism Signing Trust is located in Harrisburg, PA. The organization was established in 1986. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Tourism Signing Trust 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 08/2021, Pennsylvania Tourism Signing Trust generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.7m during the year ending 08/2021. 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
LOGO SIGNING PROGRAM FOR THE BENEFIT OF THE PENNSYLVANIA DEPARTMENT OF TRANSPORTATION AND THE TRAVELING PUBLIC IN PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGN PROGRAM. COLLECT PAYMENTS TO PAY COSTS TO MARKET, DESIGN, AND CONSTRUCT HIGHWAY SIGNS TO BENEFIT PENNSYLVANIA MOTORISTS. FINAL TITLE TO SIGNS RESTS WITH BENEFICIARY, PENNDOT.
BUILD ATTRACTION SIGNS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Wegner Executive Director | Officer | 2 | $0 |
Wendy Brumbaugh Member | Trustee | 2 | $0 |
Ted Leonard Member | Trustee | 2 | $0 |
David Mull Member | Trustee | 2 | $0 |
Jim Vlasach Member | Trustee | 2 | $0 |
Mark Morath Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Woodfield Financial Services Llc Financial | 8/30/21 | $589,864 |
Power Contracting Company Construction | 8/30/21 | $126,389 |
Rpm Signs And Lighting Construction | 8/30/21 | $694,650 |
Bruce & Merrilees Electric Co Construction | 8/30/21 | $330,361 |
Financial Statements
| 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 | $1,613,221 |
| Investment income | $233,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,909,333 |
| 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 | $431,392 |
| Fees for services: Legal | $17,855 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,169,828 |
| Advertising and promotion | $0 |
| Office expenses | $10,570 |
| Information technology | $4,793 |
| Royalties | $0 |
| Occupancy | $29,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $70,046 |
| All other expenses | $599 |
| Total functional expenses | $1,745,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,526,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,108 |
| 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 | $35,504 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,579,638 |
| Investments—other securities | $12,401,042 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,498 |
| Total assets | $17,727,667 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $511,057 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $511,057 |
| Net assets without donor restrictions | $17,216,610 |
| 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 | $17,727,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tompkins Consolidated Area Transit Inc Ithaca, NY | $39,345,124 | $21,152,302 |
Alliance For Nonprofit Resources Butler, PA | $4,248,358 | $13,136,816 |
Institute For Transportation And Development Policy New York, NY | $4,433,460 | $8,870,568 |
Community Transit Of Delaware County Norwood, PA | $5,687,535 | $12,312,310 |
Transitcenter Inc New York, NY | $83,620,564 | $6,464,249 |
West Virginia Public Transit Association Inc Charleston, WV | $114,713 | $1,722,468 |
Clay Senior And Community Services Inc Clay, WV | $687,187 | $2,205,176 |
Western Maryland Scenic Railroad Development Corp Cumberland, MD | $4,819,096 | $2,322,862 |
Transportation Management Association Of Chester County Malvern, PA | $653,536 | $1,801,768 |
Pennsylvania Tourism Signing Trust Harrisburg, PA | $17,727,667 | $1,909,333 |
Bike Pittsburgh Inc Pittsburgh, PA | $1,178,661 | $1,193,188 |
Susquehanna Regional Transportation Partnership Inc York, PA | $1,638 | $1,348,298 |