Overview
What is Northumberland County Industrial Development Authority?
Northumberland County Industrial Development Authority (NCIDA) is a nonprofit organization based in Sunbury, Pennsylvania, specifically at 399 South Fifth Street. Their primary mission is to oversee and manage industrial development policies and activities for the county. NCIDA plays a crucial role in assisting with site selection and development, marketing, and financial packaging for industrial firms. They act as a conduit for industrial revenue bonds and manage the County Industrial Revolving Loan Fund, providing financial support for industrial growth. This year, they have not completed any program, but their focus remains on collecting outstanding receivables to ensure the continuity of their operations.
Is Northumberland County Industrial Development Authority legitimate?
Northumberland County Industrial Development Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northumberland County Industrial Development Authority 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.
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What is the mission statement of Northumberland County Industrial Development Authority?
The Northumberland County Industrial Development Authority (NCIDA) serves as the primary entity overseeing and coordinating industrial development policies and activities within the county. Its primary responsibilities include assisting in site selection and development, providing marketing support, and offering financial packaging aid for industrial firms. Furthermore, NCIDA acts as a conduit for industrial revenue bonds and manages the County Industrial Revolving Loan Fund. The organization's main focus is on facilitating industrial growth and development within the county. Currently, its efforts are centered on collecting outstanding receivables.
Who is the CEO of Northumberland County Industrial Development Authority?
Ned Sodrick is the Chairman of Northumberland County Industrial Development Authority.
What is the revenue of Northumberland County Industrial Development Authority?
Northumberland County Industrial Development Authority's revenue in 2021 was $6,568.
Who are the executives of Northumberland County Industrial Development Authority and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Northumberland County Industrial Development Authority?
Northumberland County Industrial Development Authority's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Northumberland County Industrial Development Authority
The Northumberland County Industrial Development Authority (NCIDA) plays a crucial role in overseeing and coordinating industrial development policies and activities within the county. Their mission is multifaceted, encompassing several key responsibilities. Firstly, NCIDA assists in the selection and development of industrial sites, utilizing its expertise to attract and support industrial firms. Secondly, the organization is involved in marketing these sites to potential investors and businesses. Thirdly, NCIDA provides financial packaging services for these firms, helping them secure the necessary funds for their projects. Additionally, NCIDA serves as a conduit for industrial revenue bonds, a financial tool often used in industrial development projects. Lastly, the authority manages the County Industrial Revolving Loan Fund, providing financial assistance to eligible industrial firms. In essence, NCIDA's mission is to foster industrial growth and development within the county, offering a range of services to support industrial firms.
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Impact
October, 2024
The Northumberland County Industrial Development Authority (NCIDA) plays a crucial role in promoting industrial growth and development within the county. By overseeing and coordinating industrial development policies and activities, NCIDA enhances the overall economic landscape of the region.
One of the key impacts of NCIDA is its assistance in site selection and development for industrial firms, which is vital for attracting new businesses and supporting existing ones. The authority also engages in marketing and financial packaging, helping to streamline the process for firms looking to establish or expand their operations in Northumberland County.
Additionally, NCIDA acts as a conduit for industrial revenue bonds, providing essential financing options that can facilitate large-scale industrial projects. Through the management of the County Industrial Revolving Loan Fund, the authority offers financial support that encourages growth and revitalization in the industrial sector.
Despite having no completed programs this year, NCIDA remains focused on enhancing the region's economic viability by prioritizing the collection of outstanding receivables, ensuring that resources are effectively managed and utilized for future initiatives. Overall, NCIDA's efforts contribute significantly to community improvement and the long-term economic health of Northumberland County.
This information is meant to be a general summary of Northumberland County Industrial Development Authority. 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 2021.
- Investment Income: $1,568
- Program Service Revenue: $5,000
- Gross Receipts: $6,568
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1972
Phone
(570) 988-4279Principal Officer
Ned Sodrick
Main Address
399 South Fifth Street, Sunbury, PA, 17801
NTEE Category
Code: S31 - Community improvement
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