Shippensburg Area Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237177887 ✦ Shippensburg, PA ✦ Designated as a 501(c)(6)

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Overview

What is Shippensburg Area Development Corporation?

Shippensburg Area Development Corporation is a nonprofit organization situated in Shippensburg, Pennsylvania. Its primary mission is to stimulate interest in the industrial and economic development of the borough of Shippensburg, extending its efforts to the neighboring towns in Cumberland and Franklin counties, in the Commonwealth of Pennsylvania. To achieve this goal, the corporation engages in commercial property rental activities, acting as a catalyst for industrial growth and business expansion within the region. The organization collaborates closely with the local authority to ensure the success of its projects and contribute positively to the community's prosperity.

Is Shippensburg Area Development Corporation legitimate?

Shippensburg Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Shippensburg Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Shippensburg Area Development Corporation?

The Shippensburg Area Development Corporation's mission is to foster interest in the industrial and economic development within its scope. Working in close collaboration with the borough of Shippensburg and surrounding townships, this corporation aims to build and expand industrial businesses in the counties of Cumberland and Franklin, Pennsylvania. Their activities primarily involve the operation of commercial property rental, with the ultimate goal of stimulating economic growth and development in the area.

Who is the CEO of Shippensburg Area Development Corporation?

Stephen C Oldt is the President of Shippensburg Area Development Corporation.

What is the revenue of Shippensburg Area Development Corporation?

Shippensburg Area Development Corporation's revenue in 2022 was $50,350.

Who are the executives of Shippensburg Area Development Corporation and what are their salaries?

There 5 volunteers at Shippensburg Area Development Corporation.


Here are 5 key members and their salaries:


Mickey Nye (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Fague (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Oldt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duaine Collier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Fry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Shippensburg Area Development Corporation?

Shippensburg Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Shippensburg Area Development Corporation

Shippensburg Area Development Corporation, abbreviated as SADCorp, is an organization dedicated to fostering interest in the industrial and economic development of its local area. This nonprofit works in close collaboration with the Borough of Shippensburg and surrounding townships in the counties of Cumberland and Franklin, Commonwealth of Pennsylvania. SADCorp's mission is to develop and expand industrial business within this region, aiming to stimulate economic growth and development. This is achieved through the operation of commercial property rental activities, providing a platform for businesses to thrive and contribute to the local economy. The corporation plays a crucial role in driving the industrial and economic growth of the area, ultimately benefiting the community as a whole.

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Impact




October, 2024

Shippensburg Area Development Corporation actively stimulates interest in industrial and economic development within the Borough of Shippensburg. Its operations focus on the rental of commercial properties, facilitating opportunities for businesses to establish and expand in the area. By collaborating closely with the Borough of Shippensburg and surrounding townships, the organization plays a vital role in fostering industrial growth and innovation within Cumberland and Franklin counties. This concerted effort not only enhances the local economy but also contributes to community improvement, creating a more vibrant and sustainable environment for residents and businesses alike.




This information is meant to be a general summary of Shippensburg Area 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.

Revenue
$50,350 (2022)
Expenses
$10,249 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $51,600
  • Gross Receipts: $252,095

Assets and Liabilities:

  • Total Assets: $232,594
  • Total Liabilities: $0
  • Net Assets: $232,594

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Organization Details

Founding Year

1968

Principal Officer

Stephen C Oldt

Main Address

PO BOX 541, SHIPPENSBURG, PA, 17257

NTEE Category

Code: S31 - Community improvement

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