Keystone Development Center Inc
- Assets
- $263.6k
- Revenue
- $419.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Ephrata, PA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 25-1832121
Organization Overview
Keystone Development Center Inc is located in Ephrata, PA. The organization was established in 2019. 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 12/2021, Keystone Development Center Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keystone Development Center Inc 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 12/2021, Keystone Development Center Inc generated $419.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $372.8k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TECHNICAL AND RESEARCH ASSISTANCE TO GROUPS WHO WISH TO ORGANIZE AS COOPERATIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TECHNICAL AND RESEARCH ASSISTANCE TO COOPERATIVELY OWNED BUSINESSES, AS WELL AS EDUCATIONAL PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret R Fogarty End 1221 Executive Director | Officer | 40 | $94,196 |
William Walker Start 1221 President / Act. Exec. Dir. | OfficerTrustee | 1 | $0 |
Rebecca Savoie Vice President | OfficerTrustee | 1 | $0 |
Dami Odetola Treasurer | OfficerTrustee | 1 | $0 |
Charlotte Davis Sectretary | OfficerTrustee | 1 | $0 |
Ashlee Dugan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $402,925 |
| 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 | $403,725 |
| Total Program Service Revenue | $15,174 |
| Investment income | $300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $419,199 |
| 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. | $98,583 |
| Compensation of current officers, directors, key employees. | $19,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,816 |
| Payroll taxes | $21,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,570 |
| Fees for services: Accounting | $5,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,862 |
| Advertising and promotion | $1,896 |
| Office expenses | $4,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,110 |
| Travel | $2,284 |
| 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 | $7,020 |
| All other expenses | $0 |
| Total functional expenses | $372,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $170,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,722 |
| 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 | $1,030 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530 |
| Total assets | $263,624 |
| Accounts payable and accrued expenses | $30,799 |
| 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 | $0 |
| Total liabilities | $30,799 |
| Net assets without donor restrictions | $232,825 |
| 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 | $263,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |