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The Foundation Of The Economic Development Company Of Lancaster

County

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

EIN: 474317726 ✦ Lancaster, PA ✦ Designated as a 501(c)(3)

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Overview

What is The Foundation Of The Economic Development Company Of Lancaster?

The Foundation of the Economic Development Company of Lancaster, located at 115 EAST KING STREET, LANCASTER, PA, 17062, is a nonprofit organization dedicated to improving the economic vitality of Lancaster County and its surrounding region. This is achieved through the Center for Regional Analysis, which provides data-driven economic insights to both business and community leaders. The Center conducts rigorous research and analysis, collaborating with higher education and the private sector, to inform decisions that support sustainable growth. The Foundation's mission is to enhance the economic well-being of the community by pooling resources, capital, and government support for select, measurable, and sustainable growth.

Is The Foundation Of The Economic Development Company Of Lancaster legitimate?

The Foundation Of The Economic Development Company Of Lancaster is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The Economic Development Company Of Lancaster 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

For more financial information, click here

What is the mission statement of The Foundation Of The Economic Development Company Of Lancaster?

The Foundation of the Economic Development Company of Lancaster's mission is to enhance the economic well-being of a specified community by strategically bringing together business resources, capital, and government for selective, measurable, and sustainable growth. This organization strives to make a significant impact on the economy by facilitating collaborations that lead to sustainable growth. To achieve this, they establish platforms like the Center for Regional Analysis, which provides data-driven economic insights to inform decisions made by business and community leaders, ultimately supporting the economic prosperity and vitality of the community and the region. The center conducts thorough research and analysis, leveraging a team of trained professionals and collaborations with higher education and the private sector.

Who is the CEO of The Foundation Of The Economic Development Company Of Lancaster?

Lisa Riggs is the President of The Foundation Of The Economic Development Company Of Lancaster.

What is the revenue of The Foundation Of The Economic Development Company Of Lancaster?

The Foundation Of The Economic Development Company Of Lancaster's revenue in 2022 was $207,619.

Who are the executives of The Foundation Of The Economic Development Company Of Lancaster and what are their salaries?

There 9 volunteers at The Foundation Of The Economic Development Company Of Lancaster.


Here are 11 key members and their salaries:


Lisa Riggs (President)
  • Compensation: $0
  • Related: $200,907
  • Other: $24,918
Lyle D Hosler (Vice Preside)
  • Compensation: $0
  • Related: $106,158
  • Other: $20,050
Robert Beard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey S Bleacher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy A Clair (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark C Fitzgerald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James R Hoehn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett D Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert M Krasne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Martin (Board Vice C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kendra D Mcguire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Foundation Of The Economic Development Company Of Lancaster?

The Foundation Of The Economic Development Company Of Lancaster's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Foundation Of The Economic Development Company Of Lancaster

The Foundation of the Economic Development Company of Lancaster, with a mission to enhance the economic well-being of its community, accomplishes this goal by bringing together business resources, capital, and government for selective, measurable, and sustainable growth. This organization strives to improve the economic health of Lancaster County by acting as a bridge between various sectors, promoting strategic and sustainable growth.

To achieve this mission, The Foundation established the Center for Regional Analysis. This center serves as a vital resource, providing data-driven economic insights to both business and community leaders. By conducting rigorous, objective research and analysis, the Center for Regional Analysis aims to inform decisions that support the economic well-being and vitality of Lancaster County and the surrounding region. Through collaborations with higher education and the private sector, the Center for Regional Analysis plays a pivotal role in shaping the economic future of the community.

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Impact




October, 2024

The Foundation of the Economic Development Company of Lancaster significantly impacts the economic landscape of Lancaster County by enhancing the well-being of the community through strategic collaboration. By uniting business resources, capital, and government entities, it fosters selective, measurable, and sustainable growth.

One of its key initiatives, the Center for Regional Analysis, plays a crucial role in this mission. It generates data-driven economic insights that inform the decisions of both business leaders and community stakeholders. Through rigorous and objective research conducted by a team of professionals, the Center delivers valuable information that supports policies and strategies aimed at economic vitality.

The Foundation's efforts contribute to a thriving local economy, empowering businesses to make informed decisions, driving innovation, and fostering an environment conducive to growth. Its focus on collaboration with higher education and the private sector further strengthens its impact, ensuring that the community can effectively navigate economic challenges and opportunities. Overall, The Foundation of the Economic Development Company of Lancaster serves as a vital catalyst for economic improvement and long-term community prosperity.




This information is meant to be a general summary of The Foundation Of The Economic Development Company Of Lancaster. 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
$207,619 (2022)
Expenses
$260,240 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,569
  • Program Service Revenue: $186,050
  • Gross Receipts: $208,249

Assets and Liabilities:

  • Total Assets: $981,654
  • Total Liabilities: $14,614
  • Net Assets: $967,040

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Programs

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

PROJECT FEES

Revenue

$186,050

Organization Details

Founding Year

2015

Principal Officer

Lisa Riggs

Main Address

115 EAST KING STREET, LANCASTER, PA, 17062

NTEE Category

Code: S30 - Community improvement

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