Lehigh Valley Industrial Park Inc is located in Bethlehem, PA. The organization was established in 1961. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2019, Lehigh Valley Industrial Park Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Lehigh Valley Industrial Park Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.1% each year . All expenses for the organization totaled $2.7m during the year ending 06/2020. While expenses have increased by 27.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CATALYST FOR ECONOMIC GROWTH WITHIN THE LEHIGH VALLEY BY PROVIDING COMPETITIVE, WELL-DESIGNED INDUSTRIAL PARKS AND URBAN SITES THAT ARE ATTRACTIVE TO A DIVERSE GROUP OF INDUSTRIES, WITH EMPHASIS ON JOB CREATION AND ENHANCING THE QUALITY OF LIFE IN THE LEHIGH VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COMPETITIVE, WELL-DESIGNED INDUSTRIAL PARKS THAT ARE ATTRACTIVE TO A DIVERSE GROUP OF INDUSTRIES, WITH THE EMPHASIS ON JOB CREATION AND ENHANCING THE QUALITY OF LIFE IN THE LEHIGH VALLEY. MAJOR ACCOMPLISHMENT FOR THE YEAR INCLUDE INVESTMENT OF $1,307,311 IN ADDITIONAL LAND DEVELOPMENT COSTS FOR LEHIGH VALLEY PARK VII, THE SALE OF 46.40 ACRES OF LAND FOR $12,000,000 WITH A COST OF SALE ALLOCATION OF $5,336,115 AND CONSTRUCTION OF A 40,000 SQUARE FOOT FLEX INDUSTRIAL BUILDING AT A COST OF $5,110,985.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kerry Wrobel President, Secretary | OfficerTrustee | 40 | $254,558 |
David Nepereny Asst. Treasurer | OfficerTrustee | 3 | $0 |
Curtis Barnette Asst. Secretary | OfficerTrustee | 3 | $0 |
Jeffrey Feather Chairman Emeritus | OfficerTrustee | 4 | $0 |
Michael Gausling Chairman | OfficerTrustee | 5 | $0 |
Scott Fainor Asst. Treasurer | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $322,768 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $158,263 |
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 | $4,015,772 |
Statement of Expenses | |
---|---|
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. | $293,586 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $151,507 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $17,471 |
Payroll taxes | $24,523 |
Fees for services: Management | $0 |
Fees for services: Legal | $22,422 |
Fees for services: Accounting | $34,450 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,187 |
Advertising and promotion | $8,193 |
Office expenses | $25,536 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,845 |
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 | $3,337 |
Insurance | $28,236 |
All other expenses | $0 |
Total functional expenses | $2,657,527 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $818,330 |
Savings and temporary cash investments | $21,595,530 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $91,549 |
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 | $11,827 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,008,630 |
Total assets | $40,551,324 |
Accounts payable and accrued expenses | $234,931 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $45,500 |
Total liabilities | $280,431 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $40,270,893 |
Over the last fiscal year, we have identified 1 grants that Lehigh Valley Industrial Park Inc has recieved totaling $260,000.
Awarding Organization | Amount |
---|---|
Lehigh Valley Community Foundation Allentown, PA PURPOSE: COMMUNITY DEVELOPMENT | $260,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $23,297,099 | $21,456,678 |
Columbus Downtown Development Corporation Columbus, OH | $182,459,839 | $20,346,983 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $8,485,398 | $9,681,050 |
Wright Brothers Institute Inc Dayton, OH | $11,248,999 | $11,333,135 |
East Baltimore Development Inc Baltimore, MD | $60,346,855 | $8,629,342 |
Ridc Regional Growth Fund Pittsburgh, PA | $35,182,259 | $7,330,520 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $105,208,880 | $2,390,014 |
Greater Cincinnati Convention & Visitors Bureau Inc Cincinnati, OH | $5,729,711 | $9,894,359 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $7,109,092 | $5,259,727 |
Alleghenies Planning And Development Commission Altoona, PA | $18,621,233 | $8,604,095 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Structured Employment Economic Development Corporation New York, NY | $2,220,740 | $7,904,107 |