Overview
What is Beaver County Corporation For Economic Development?
Beaver County Corporation for Economic Development (CED) is a nonprofit organization situated in Beaver, Pennsylvania, specifically at 250 Insurance Street 300. Its primary mission is to stimulate economic growth in Beaver County by aiding in the development of industrial parks and facilities, and by providing financing for value-added companies. This is achieved by assisting in the creation of sites and structures in strategic locations, operating or accessing financing programs, and undertaking special initiatives that significantly impact the community. Currently, CED manages several industrial parks and facilities, including Aliquippa Industrial Park, Monaca Commerce Center, 1200 Airport Road, Westgate Business Park, Creekside Springs, and 1317 7th Ave. The organization's activities encompass land improvements, property taxes, and other costs associated with site development and operation. As of now, the nonprofit employs a team of five individuals.
Official website here: www.beavercountyced.org
Is Beaver County Corporation For Economic Development legitimate?
Beaver County Corporation For Economic Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Beaver County Corporation For Economic Development 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: $137,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.beavercountyced.org
What is the mission statement of Beaver County Corporation For Economic Development?
The Beaver County Corporation for Economic Development's mission is to stimulate job creation and attract private investment within the organization's purview. This is achieved by aiding in or managing the development of strategic locations for value-added companies, operating or facilitating financing programs for such companies, and undertaking special initiatives that significantly impact the community. In essence, the corporation's goal is to contribute to the economic growth of the community by supporting businesses and implementing initiatives that have a substantial positive impact.
Official website here: www.beavercountyced.org
Who is the CEO of Beaver County Corporation For Economic Development?
Lewis Villotti is the Chair of Beaver County Corporation For Economic Development.
Official website here: www.beavercountyced.org
What is the revenue of Beaver County Corporation For Economic Development?
Beaver County Corporation For Economic Development's revenue in 2023 was $750,100.
Official website here: www.beavercountyced.org
Who are the executives of Beaver County Corporation For Economic Development and what are their salaries?
The average compensation at Beaver County Corporation For Economic Development during 2023 was $27,584. There are 5 employees and 14 volunteers at Beaver County Corporation For Economic Development.
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- Compensation: $132,310
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- Other: $36,417
Official website here: www.beavercountyced.org
Where can I find the form 990 for Beaver County Corporation For Economic Development?
Beaver County Corporation For Economic Development's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.beavercountyced.org
Learn more at the official website: www.beavercountyced.org
Mission Statement of Beaver County Corporation For Economic Development
Beaver County Corporation for Economic Development, often abbreviated as CED, is committed to promoting job creation and attracting private investment within Beaver County. To achieve this mission, CED undertakes several key activities. Firstly, it assists in or directly manages the development of strategic locations for value-added companies, constructing or improving sites and structures that cater to these businesses. Secondly, CED operates or facilitates access to financing programs for these value-added companies, providing them with the necessary financial support to establish or expand their operations. Lastly, CED engages in special initiatives that have a significant community impact, aiming to contribute positively to the overall development and welfare of Beaver County. In essence, CED's mission is to stimulate economic growth and development in Beaver County by supporting businesses and implementing initiatives that yield a substantial impact on the community.
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Impact
October, 2024
The Beaver County Corporation for Economic Development plays a critical role in fostering economic growth and revitalization in Beaver County, Pennsylvania. By focusing on job creation and attracting private investment, it enhances the local economy through strategic initiatives.
One of the key impacts of the Corporation is its development of industrial parks and facilities, such as the Aliquippa Industrial Park and Monaca Commerce Center. These locations are designed to attract value-added companies, providing them with suitable sites and structures that facilitate expansion and innovation.
Additionally, the Corporation operates financing programs that support these businesses, alleviating some of the financial burdens associated with starting or expanding operations. This financial assistance is crucial for encouraging entrepreneurs to invest in the area, ultimately leading to more job opportunities for residents.
Through these efforts, the Corporation significantly influences community improvement, creating a more vibrant economic landscape. The dedication to undertaking special initiatives with a notable community impact further cements its importance as a catalyst for sustainable growth in Beaver County. Overall, its focused actions contribute to strengthening the economic foundation of the region.
This information is meant to be a general summary of Beaver County Corporation For Economic Development. 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 2023.
- Investment Income: $47,911
- Program Service Revenue: $388,173
- Gross Receipts: $1,160,009
Assets and Liabilities:
- Total Assets: $31,351,175
- Total Liabilities: $2,018,129
- Net Assets: $29,333,046
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON CAPITAL LE
Revenue
$179,040
OTHER PROGRAM SERVICE
Revenue
$106,092
PROJECT ADMINISTRATION
Revenue
$50,000
BCIDA CONTRACT FEES
Revenue
$35,000
LOAN FEES
Revenue
$18,041
Organization Details
Founding Year
1983
Phone
(724) 728-8610Principal Officer
Lewis Villotti
Main Address
250 INSURANCE STREET 300, BEAVER, PA, 15009
Website
www.beavercountyced.orgNTEE Category
Code: S30 - Community improvement
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