Overview
What is Franklin County Area Development Corporation?
Franklin County Area Development Corporation (FCADC) is a nonprofit organization situated in Chambersburg, Pennsylvania. Its primary mission is to drive economic development in Franklin County, Pennsylvania, with a focus on formulating, implementing, and promoting strategies that enhance job opportunities. In 2022, the FCADC was actively involved in 17 development projects across the county, totaling approximately $110 million in new capital investments. These projects are projected to create or retain over 800 family-sustaining jobs. The organization also provided over $2.3 million in economic development assistance through its activities and the Franklin County Redevelopment Authority. Additionally, the FCADC hosted 14 events and supported 7 site location searches, further contributing to the county's economic growth.
Official website here: www.fcadc.com
Is Franklin County Area Development Corporation legitimate?
Franklin County Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Franklin County 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: $337,919
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,949
For more financial information, click here
Official website here: www.fcadc.com
What is the mission statement of Franklin County Area Development Corporation?
The Franklin County Area Development Corporation's mission is centered around promoting economic development strategies. They strive to formulate, implement, and advocate for these strategies within Franklin County, Pennsylvania, with a focus on enhancing job opportunities. During 2022, the corporation was involved in 17 development projects, contributing approximately $110 million in new capital investments and generating or retaining over 800 family-sustaining jobs. The corporation also offers economic development assistance and hosts events, as well as supporting site location searches, to further its mission.
Official website here: www.fcadc.com
Who is the CEO of Franklin County Area Development Corporation?
L Michael Ross is the President of Franklin County Area Development Corporation.
Official website here: www.fcadc.com
What is the revenue of Franklin County Area Development Corporation?
Franklin County Area Development Corporation's revenue in 2022 was $1,648,304.
Official website here: www.fcadc.com
Who are the executives of Franklin County Area Development Corporation and what are their salaries?
The average compensation at Franklin County Area Development Corporation during 2022 was $142,967. There are 4 employees and 21 volunteers at Franklin County Area Development Corporation.
Here are 16 key members and their salaries:
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- Compensation: $101,196
- Related: $0
- Other: $16,992
Official website here: www.fcadc.com
Where can I find the form 990 for Franklin County Area Development Corporation?
Franklin County Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fcadc.com
Learn more at the official website: www.fcadc.com
Mission Statement of Franklin County Area Development Corporation
The Franklin County Area Development Corporation (FCADC) is dedicated to promoting economic development strategies within Franklin County, Pennsylvania. Their mission encompasses formulating, implementing, and advocating for these strategies with the ultimate goal of enhancing job opportunities within the county. In essence, the FCADC aims to foster a conducive economic environment that encourages new investments and the creation or retention of family-sustaining jobs. During 2022, the FCADC was involved in 17 development projects across the county, resulting in approximately $110 million of new capital investments and the creation or retention of over 800 jobs. Furthermore, the FCADC, along with the administration of the Franklin County Redevelopment Authority, provided more than $2.3 million in economic development assistance. The organization also played an active role in hosting 14 events and supporting 7 site location searches, demonstrating their commitment to driving economic growth and development in Franklin County.
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Impact
October, 2024
Franklin County Area Development Corporation (FCADC) has made a significant impact on the economic landscape of Franklin County, Pennsylvania. In 2022 alone, FCADC was involved in 17 development projects, generating approximately $110 million in new capital investments. These efforts are set to create and retain over 800 family-sustaining jobs, bolstering the local economy and enhancing job opportunities for residents.
Through the management of the Franklin County Redevelopment Authority, FCADC facilitated more than $2.3 million in economic development assistance, demonstrating its commitment to fostering growth and revitalization in the community. Additionally, FCADC played an active role in community engagement by hosting 14 events and supporting seven site location searches, further highlighting its dedication to promoting economic development strategies that benefit Franklin County.
This information is meant to be a general summary of Franklin County 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $217,312
- Program Service Revenue: $1,261,176
- Gross Receipts: $2,384,386
Assets and Liabilities:
- Total Assets: $16,679,923
- Total Liabilities: $5,963,401
- Net Assets: $10,716,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,172,050
INTEREST INCOME
Revenue
$47,719
ADMINISTRATIVE FEES
Revenue
$41,407
Organization Details
Founding Year
1960
Phone
(717) 263-8282Principal Officer
L Michael Ross
Main Address
1900 WAYNE ROAD, CHAMBERSBURG, PA, 17202
Website
www.fcadc.comNTEE Category
Code: S31 - Community improvement
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