Lehigh Valley Industrial Park Inc

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

EIN: 240859713 ✦ Bethlehem, PA ✦ Designated as a 501(c)(6)

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Overview

What is Lehigh Valley Industrial Park Inc?

Lehigh Valley Industrial Park Inc is a nonprofit organization situated in Bethlehem, Pennsylvania, with a focus on stimulating economic growth within the Lehigh Valley region. They achieve this by offering well-designed industrial parks and urban sites that attract a diverse range of industries, prioritizing job creation and enhancing the overall quality of life in the area. In the past year, they invested significantly in additional land development costs for Lehigh Valley Park VII, furthering their mission. The organization, with a modest workforce of three individuals, serves as a catalyst for creating jobs, expanding the regional tax base, and diversifying the local economy, ultimately promoting the economic vitality and improving the quality of life in the Lehigh Valley.


Official website here: www.lvip.org

Is Lehigh Valley Industrial Park Inc legitimate?

Lehigh Valley Industrial Park Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lehigh Valley Industrial Park Inc 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: $320,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,596

For more financial information, click here


Official website here: www.lvip.org

What is the mission statement of Lehigh Valley Industrial Park Inc?

Lehigh Valley Industrial Park Inc's mission is centered around fostering economic growth within its operational area. The organization achieves this by offering competitively designed industrial parks and urban sites, attracting a diverse range of industries. The primary focus is on job creation and enhancing the quality of life in the community. Lehigh Valley Industrial Park Inc strives to expand the regional tax base, diversify the local economy, and promote economic vitality, ultimately leading to an improved quality of life. In the past year, they made significant strides by investing $497,973 in additional land development costs for Lehigh Valley Park VII.


Official website here: www.lvip.org

Who is the CEO of Lehigh Valley Industrial Park Inc?

Kerry A Wrobel is the President, Secretary of Lehigh Valley Industrial Park Inc.


Official website here: www.lvip.org

What is the revenue of Lehigh Valley Industrial Park Inc?

Lehigh Valley Industrial Park Inc's revenue in 2023 was $2,268,782.


Official website here: www.lvip.org

Who are the executives of Lehigh Valley Industrial Park Inc and what are their salaries?

The average compensation at Lehigh Valley Industrial Park Inc during 2023 was $172,111. There are 3 employees and 23 volunteers at Lehigh Valley Industrial Park Inc.


Here are 25 key members and their salaries:


Kerry Wrobel (President, Secretary)
  • Compensation: $276,190
  • Related: $0
  • Other: $29,904
Jeffrey Feather (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gausling (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin C Gilchrist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
M Arif Fazil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Albarell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Nepereny (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jane Mckeever (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Barnette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John D Stanley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Heller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Baum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Bodnyk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Buck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Carr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Clasen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Reverend James Greenfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Silvia Hoffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Koplin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Magazzu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Marchozzi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Mcintyre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J William Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore Verrastro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Ryan (Director)
  • Compensation: $124,481
  • Related: $0
  • Other: $16,415


Official website here: www.lvip.org

Where can I find the form 990 for Lehigh Valley Industrial Park Inc?

Lehigh Valley Industrial Park Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lvip.org

Learn more at the official website: www.lvip.org

Mission Statement of Lehigh Valley Industrial Park Inc

Lehigh Valley Industrial Park Inc, a catalyst for economic growth, aims to serve its purpose by providing well-designed industrial parks and urban sites that are alluring to a diverse range of industries. The primary focus of this organization is on job creation and enhancing the quality of life within the Lehigh Valley. Its mission is to stimulate the regional tax base, diversify the local economy, and promote the economic vitality and improve the overall quality of life in the area. Lehigh Valley Industrial Park Inc has made significant strides in achieving its objectives, as evidenced by its investment of $497,973 in additional land development costs for Lehigh Valley Park VII, demonstrating its commitment to economic growth and job creation.

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Impact




October, 2024

Lehigh Valley Industrial Park Inc plays a significant role in driving economic growth in the Lehigh Valley region. By developing competitive and well-designed industrial parks and urban sites, the organization attracts a diverse range of industries, which directly contributes to job creation. This focus on expanding the local economy enhances the quality of life for residents.

With an impressive investment of nearly $500,000 in land development for Lehigh Valley Park VII, the organization demonstrates its commitment to fostering an environment that supports business development. Such investments not only expand the regional tax base but also create new employment opportunities, thereby providing a vital boost to the local economy.

In summary, Lehigh Valley Industrial Park Inc serves as a catalyst for economic development, promoting job creation and community improvement while enhancing the overall vitality of the region.




This information is meant to be a general summary of Lehigh Valley Industrial Park Inc. 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
$2,268,782 (2023)
Expenses
$1,426,986 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $496,583
  • Program Service Revenue: $1,000,000
  • Gross Receipts: $3,038,473

Assets and Liabilities:

  • Total Assets: $45,883,028
  • Total Liabilities: $229,646
  • Net Assets: $45,653,382

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LAND SALES

Revenue

$1,000,000

Organization Details

Founding Year

1959

Principal Officer

Kerry A Wrobel

Main Address

1720 SPILLMAN DRIVE 150, BETHLEHEM, PA, 180152253

NTEE Category

Code: S31 - Community improvement

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