Overview
What is Berks County Industrial Development Foundation?
Berks County Industrial Development Foundation is a nonprofit organization situated in Reading, Pennsylvania. Its primary mission is to manage and invest the cash assets of the Berks County Industrial Development Authority (BerksIDA) to optimize returns, ultimately benefiting BerksIDA's operations. The foundation's main objective is to foster effective economic growth within Berks County, Pennsylvania, by coordinating and utilizing available resources. This entails investing funds and leveraging resources to drive economic development within the county.
Is Berks County Industrial Development Foundation legitimate?
Berks County Industrial Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berks County Industrial Development Foundation 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
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What is the mission statement of Berks County Industrial Development Foundation?
The Berks County Industrial Development Foundation's primary purpose is to invest the cash assets of the Berks County Industrial Development Authority (BerksIDA) and coordinate resources available for the effective economic development of Berks County, Pennsylvania. Their mission involves investing BerksIDA's funds to achieve the best return prudently possible to benefit BerksIDA's operations. The foundation aims to facilitate economic growth in the county by strategically coordinating available resources.
Who is the CEO of Berks County Industrial Development Foundation?
Jeremy Zaborowski is the President of Berks County Industrial Development Foundation.
What is the revenue of Berks County Industrial Development Foundation?
Berks County Industrial Development Foundation's revenue in 2022 was $636,968.
Who are the executives of Berks County Industrial Development Foundation and what are their salaries?
There 5 volunteers at Berks County Industrial Development Foundation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $144,059
- Other: $40,075
Where can I find the form 990 for Berks County Industrial Development Foundation?
Berks County Industrial Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Berks County Industrial Development Foundation
The Berks County Industrial Development Foundation's primary purpose is to invest the cash assets of the Berks County Industrial Development Authority (BerksIDA) and coordinate resources available for the effective economic development of Berks County, Pennsylvania. This mission is aimed at obtaining the best return prudently possible to benefit BerksIDA's operations. In essence, the foundation serves as a financial vehicle and resource coordinator, working towards the prosperous economic growth of the county.
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Impact
October, 2024
The Berks County Industrial Development Foundation plays a crucial role in fostering economic development within Berks County, Pennsylvania. By strategically investing funds and coordinating various resources, the foundation effectively supports initiatives aimed at enhancing the local economy. Its focus on maximizing returns from the cash assets of the Berks County Industrial Development Authority (BERKSIDA) ensures that the economic interests of the community are prioritized.
Through these investments, the foundation not only nurtures business growth but also encourages community improvement, leading to job creation, increased profitability for local businesses, and an overall uplift in the economic landscape of Berks County. By aligning financial resources with the region's development needs, the foundation significantly contributes to creating a robust and sustainable economy for the residents of Berks County.
This information is meant to be a general summary of Berks County Industrial Development Foundation. 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.
- Program Service Revenue: $636,968
- Gross Receipts: $636,968
Assets and Liabilities:
- Total Assets: $9,497,760
- Total Liabilities: $0
- Net Assets: $9,497,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT INCOME
Revenue
$636,968
Organization Details
Founding Year
2007
Phone
(610) 478-6330Principal Officer
Jeremy Zaborowski
Main Address
633 COURT ST 14TH FLOOR, READING, PA, 19601
NTEE Category
Code: S11 - Community improvement
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