Lehigh Valley Industrial Park Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Kerry Wrobel
President, Secretary
$254,558
David Nepereny
Asst. Treasurer
$0
Curtis Barnette
Asst. Secretary
$0
Jeffrey Feather
Chairman Emeritus
$0
Michael Gausling
Chairman
$0
Scott Fainor
Asst. Treasurer
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lehigh Valley Industrial Park Inc has recieved totaling $260,000.

Awarding OrganizationAmount
Lehigh Valley Community Foundation

Allentown, PA

PURPOSE: COMMUNITY DEVELOPMENT

$260,000
View Grant Recipient Profile

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