Altoona-Blair County Development Corporation

Organization Overview

Altoona-Blair County Development Corporation is located in Altoona, PA. The organization was established in 1999. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Altoona-Blair County Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altoona-Blair County Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Altoona-Blair County Development Corporation generated $33.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $6.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CONTINUED FUNCTIONING AS A VECHICLE TO PROVIDE FINANCING,ETC FOR INDUSTRY AND EMPLOYMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTINUED FUNCTIONING AS A VECHICLE TO PROVIDE FINANCING,ETC. FOR INDUSTRIAL AND EMPLOYMENT EXPANSION IN THE AREA


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Board, Officers & Key Employees

Name (title)Compensation
Ron Mcconnel
Chairmain
$0
Mark Ritchey
2nd Vice Chair
$0
Ann Benzel
1st Vice Chair
$0
Mike Settimio
Secretary
$0
Troy Campbell
Treasurer
$0
Joseph Sheetz
Secretary/assistant Treasu
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,960,668
All other contributions, gifts, grants, and similar amounts not included above$80,495
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,041,163
Total Program Service Revenue$0
Investment income $458,582
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,521,591
Net Gain/Loss on Asset Sales $22,379,235
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $33,416,279

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Altoona-Blair County Development Corporation has recieved totaling $94,183.

Awarding OrganizationAmount
$94,183
View Grant Recipient Profile

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