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Lebanon Valley Economic Development Corporation

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

EIN: 251874441 ✦ Lebanon, PA ✦ Designated as a 501(c)(3)

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Overview

What is Lebanon Valley Economic Development Corporation?

The Lebanon Valley Economic Development Corporation, situated in Lebanon, Pennsylvania, is a nonprofit organization dedicated to stimulating economic growth in the area. Their primary mission involves conducting comprehensive studies on economic development, identifying suitable commercial land sites, and facilitating their development to attract businesses. This nonprofit also focuses on revitalizing the local business sector, engaging in industrial solicitation as a continuous endeavor. With a team of five employees, they work tirelessly to enhance the economic landscape of Lebanon Valley.


Official website here: www.lvedc.org

Is Lebanon Valley Economic Development Corporation legitimate?

Lebanon Valley Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lebanon Valley Economic 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: $114,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,982

For more financial information, click here


Official website here: www.lvedc.org

What is the mission statement of Lebanon Valley Economic Development Corporation?

The Lebanon Valley Economic Development Corporation is dedicated to continually studying economic development, identifying suitable sites, and spearheading their development. This is done with the aim of attracting businesses, thereby revitalizing the local business sector. Furthermore, the organization engages in industrial solicitation as part of its ongoing effort to stimulate economic growth. In addition, they develop commercial land sites to invite businesses into the area, thereby bolstering the local economy.


Official website here: www.lvedc.org

Who is the CEO of Lebanon Valley Economic Development Corporation?

Susan Eberly is the Director of Lebanon Valley Economic Development Corporation.


Official website here: www.lvedc.org

What is the revenue of Lebanon Valley Economic Development Corporation?

Lebanon Valley Economic Development Corporation's revenue in 2022 was $419,353.


Official website here: www.lvedc.org

Who are the executives of Lebanon Valley Economic Development Corporation and what are their salaries?

The average compensation at Lebanon Valley Economic Development Corporation during 2022 was $32,230. There are 5 employees at Lebanon Valley Economic Development Corporation.


Here are 18 key members and their salaries:


George Soukas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Eberly (President)
  • Compensation: $106,870
  • Related: $0
  • Other: $27,876
Michael Battistelli (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry D Bowman (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Ansel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Kercher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leon Zimmerman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Kauffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Sterner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Funk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Kocher (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Chamberlain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Heasley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Judd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Lundberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Malda (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Suders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rafael Torres (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lvedc.org

Where can I find the form 990 for Lebanon Valley Economic Development Corporation?

Lebanon Valley Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lvedc.org

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

Mission Statement of Lebanon Valley Economic Development Corporation

The Lebanon Valley Economic Development Corporation is committed to driving continuous research and development in economic growth, focusing on site identification and commercial land development. Their primary objective is to revitalize the local business sector, attracting new businesses to the area. By engaging in industrial solicitation and site development, the corporation aims to stimulate economic growth and foster a thriving business environment. In essence, the Lebanon Valley Economic Development Corporation serves as a catalyst for transforming the local economy, making it an attractive destination for businesses.

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Impact




October, 2024

Lebanon Valley Economic Development Corporation plays a vital role in enhancing the economic landscape of the Lebanon area. By focusing on the study of economic development, they identify and develop commercial land sites that attract businesses to the region. This proactive approach not only increases the availability of business opportunities but also revitalizes the local business sector, fostering growth and sustainability within the community. Their mission to continually study economic development ensures that Lebanon remains competitive and appealing to new industries, contributing to overall community improvement and economic vitality.




This information is meant to be a general summary of Lebanon Valley Economic 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
$419,353 (2022)
Expenses
$311,912 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,327
  • Program Service Revenue: $95,843
  • Gross Receipts: $639,504

Assets and Liabilities:

  • Total Assets: $6,705,296
  • Total Liabilities: $11,151
  • Net Assets: $6,694,145

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Programs

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

LOAN FEES / INCENTIVES

Revenue

$67,869

ADMINISTRATIVE FEES

Revenue

$16,038

INTEREST ON REVOLVING

Revenue

$11,936

Organization Details

Founding Year

1957

Principal Officer

Susan Eberly

Main Address

16 LEBANON VALLEY PARKWAY, LEBANON, PA, 17042

NTEE Category

Code: S30 - Community improvement

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