Overview
What is Schuylkill Economic Development Corporation?
The Schuylkill Economic Development Corporation, located in Pottsville, Pennsylvania, serves as a catalyst for industrial growth in Schuylkill County. Based at Union Station - One Progress Circle, the organization offers administrative services to the Greater Tamaqua Industrial Development Enterprise and the Schuylkill County Industrial Development Authority. In addition, they charge a service fee to companies utilizing the Pennsylvania Industrial Development Authority loan program. The primary mission of Schuylkill Economic Development Corporation is to promote industrial development in the region, achieving this through land development, construction of shell buildings, and providing low-interest loans. With a small team of just two dedicated individuals, they remain an integral part of driving economic progress in Schuylkill County, Pennsylvania.
Official website here: www.sed-co.com
Is Schuylkill Economic Development Corporation legitimate?
Schuylkill Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Schuylkill Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $205,303
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,665
For more financial information, click here
Official website here: www.sed-co.com
What is the mission statement of Schuylkill Economic Development Corporation?
The Schuylkill Economic Development Corporation's mission is centered around promoting industrial development in its area of operation. They achieve this by engaging in land development, constructing shell buildings, and offering low-interest loans. This organization plays a significant role in supporting industrial growth by providing administrative services to various development enterprises. Additionally, the corporation charges a service fee to companies that utilize the Pennsylvania Industrial Development Authority loan program.
Official website here: www.sed-co.com
Who is the CEO of Schuylkill Economic Development Corporation?
Kirk Fanelli is the Treasurer of Schuylkill Economic Development Corporation. The CEO's salary of Schuylkill Economic Development Corporation is $205,303 and their total compensation is $249,931.
Official website here: www.sed-co.com
What is the revenue of Schuylkill Economic Development Corporation?
Schuylkill Economic Development Corporation's revenue in 2022 was $581,326.
Official website here: www.sed-co.com
Who are the executives of Schuylkill Economic Development Corporation and what are their salaries?
The average compensation at Schuylkill Economic Development Corporation during 2022 was $139,984. There are 2 employees at Schuylkill Economic Development Corporation.
Here are 5 key members and their salaries (Schuylkill Economic Development Corporation's CEO's salary is $205,303 and their total compensation is $249,931):
- Compensation: $205,303
- Related: $0
- Other: $44,628
- Compensation: $74,665
- Related: $0
- Other: $15,118
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sed-co.com
Where can I find the form 990 for Schuylkill Economic Development Corporation?
Schuylkill Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sed-co.com
Learn more at the official website: www.sed-co.com
Mission Statement of Schuylkill Economic Development Corporation
Schuylkill Economic Development Corporation, abbreviated as SEDCO, is committed to fostering industrial development in Schuylkill County, Pennsylvania. They achieve this mission by engaging in land development, constructing shell buildings, and offering low-interest loans. This strategic approach aims to attract and support businesses, thereby promoting economic growth in the region. In addition to these primary activities, SEDCO also provides administrative services to entities such as the Greater Tamaqua Industrial Development Enterprise and the Schuylkill County Industrial Development Authority. Furthermore, the corporation charges a service fee to companies that utilize the Pennsylvania Industrial Development Authority loan program. By taking on these roles, SEDCO plays a significant part in driving industrial development and economic growth in Schuylkill County.
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Impact
October, 2024
Schuylkill Economic Development Corporation (SEDCO) significantly impacts the industrial landscape of Schuylkill County, PA, by fostering economic growth and community improvement. Through strategic land development initiatives, SEDCO facilitates the construction of shell buildings, providing essential infrastructure for businesses to thrive.
Additionally, the organization offers low-interest loans, making it easier for companies to access the capital needed for expansion or new ventures. By serving as an administrative resource for both the Greater Tamaqua Industrial Development Enterprise and the Schuylkill County Industrial Development Authority, SEDCO enhances collaboration and efficiency in promoting industrial development within the region. Overall, SEDCO plays a vital role in bolstering the local economy, creating jobs, and drawing new investments to Schuylkill County.
This information is meant to be a general summary of Schuylkill Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $151,787
- Program Service Revenue: $188,223
- Gross Receipts: $1,981,768
Assets and Liabilities:
- Total Assets: $18,989,230
- Total Liabilities: $1,379,523
- Net Assets: $17,609,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCME EXEMPT PURPS
Revenue
$39,409
RIGHT OF WAY INCOME
Revenue
$96,408
SERVICE & ADMIN FEES
Revenue
$52,406
Organization Details
Founding Year
1952
Phone
(570) 622-1943Principal Officer
Kirk Fanelli
Main Address
UNION STATION - ONE PROGRESS CIRCLE, POTTSVILLE, PA, 17901
Website
www.sed-co.comNTEE Category
Code: S30 - Community improvement
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