Delaware County Economic Development

Not tax-deductible

Media, PA501(c)(4)EIN 23-2607596

To promote economic development in delaware county pennsylvania.

75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $253K a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $67K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$338K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+2% vs prior year
Spent
$1.1M
To programs
75%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +2%
Revenue by fiscal year
FY2020$12.6M
FY2021$10.7M
FY2022$1.7M
FY2023$1.2M
FY2024$1.3M
Expenses
$1.1M
FY2024▲ +15%
Expenses by fiscal year
FY2020$12.4M
FY2021$10.5M
FY2022$1.4M
FY2023$941K
FY2024$1.1M
Net assets
$2.1M
FY2024▲ +9%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.7M
FY2023$2.0M
FY2024$2.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $814K Management & general 25% · $268K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
See Delaware County Economic Development executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes economic growth and opportunity in Delaware County, Pennsylvania.

Provided by the organization

This section is blank until Delaware County Economic Development claims this page.

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1 program service account for $814K of program spending, described in the organization's own filed words · FY2024.
01

To promote new business and assist existing businesses in delaware county, pa to create employment opportunities

$814Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$67K
Grants paid · 1 grant · $9.4M · 2021–2021
See Attached ScheduleFY2021$9,373,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$998K
Fees for servicesLn 2g$161K
Investment incomeLn 3$102K
Money outPt IX
$1.1M
Ln 25
Programscol B$814K
Managementcol C$268K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.5M
LiabilitiesLn 26$338K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$998K
Government grantsLn 1e$998K
Fees for servicesLn 2g$161K
Investment incomeLn 3$102K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$34K
Other assetsLn 15$233K
Total assetsLn 16$2.5M
LiabilitiesLn 26$338K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.1M$2.2M
Land, buildings, equipmentLn 10c$0$34K
Total assetsLn 16$2.4M$2.5M
LiabilitiesLn 26$454K$338K
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$392K$392K
Pension plan contributionsLn 8$13K$13K
Other employee benefitsLn 9$115K$115K
Payroll taxesLn 10$33K$33K
Legal feesLn 11b$31K$25K$7K
Accounting feesLn 11c$67K$67K
Other fees for servicesLn 11g$93K$47K$47K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$7K$7K
Information technologyLn 14$36K$36K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$245K$189K$56K
All other expensesLn 24e$20K$20K
Total functional expensesLn 25$1.1M$814K$268K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.1M$180K$2.1M 990 PDF
FY2023 $1.2M$941K$302K$2.0M 990 PDF
FY2022 $1.7M$1.4M$340K$1.7M 990 PDF
FY2021 $10.7M$10.5M$198K$1.4M 990 PDF
FY2020 $12.6M$12.4M$245K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,261,433 across 5 lines filed
VIII-1e Government grants$998,420
VIII-1h Total contributions, gifts and grants$998,420
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $160,691$160,691
VIII-3 Investment incomeExcluded from tax $102,322$102,322
VIII-12 Total revenueRelated to mission $160,691 · Unrelated business $0 · Excluded from tax $102,322$1,261,433
Part IX · Statement of functional expenses $1,081,762 across 16 lines filed
IX-7 Other salaries and wagesPrograms $392,070$392,070
IX-8 Pension plan contributionsPrograms $12,854$12,854
IX-9 Other employee benefitsPrograms $114,984$114,984
IX-10 Payroll taxesPrograms $33,493$33,493
IX-11b Legal feesPrograms $24,670 · Management $6,620$31,290
IX-11c Accounting feesManagement $67,100$67,100
IX-11g Other fees for servicesPrograms $46,544 · Management $46,602$93,146
IX-12 Advertising and promotionManagement $4,555$4,555
IX-13 Office expensesManagement $7,053$7,053
IX-14 Information technologyManagement $36,302$36,302
IX-17 TravelManagement $4,702$4,702
IX-19 Conferences, conventions and meetingsManagement $8,686$8,686
IX-22 Depreciation, depletion and amortizationManagement $5,758$5,758
IX-23 InsuranceManagement $5,375$5,375
IX-24 Other expenses (24a–d)Programs $189,103 · Management $55,768$244,871
IX-24e All other expensesManagement $19,523$19,523
IX-25 Total functional expensesPrograms $813,718 · Management $268,044 · Fundraising $0$1,081,762
Part X · Balance sheet $2,476,583 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,134,570$2,189,309
X-9 Prepaid expenses and deferred chargesStart of year $15,314$19,976
X-10c Land, buildings and equipment, netStart of year $0$33,847
X-15 Other assetsStart of year $263,413$233,451
X-16 Total assetsStart of year $2,413,297$2,476,583
X-17 Accounts payable and accrued expensesStart of year $90,567$60,507
X-19 Deferred revenueStart of year $363,620$277,296
X-26 Total liabilitiesStart of year $454,187$337,803
X-27 Net assets without donor restrictionsStart of year $1,959,110$2,138,780
X-32 Total net assets or fund balancesStart of year $1,959,110$2,138,780
X-33 Total liabilities and net assetsStart of year $2,413,297$2,476,583
Part XI · Reconciliation of net assets $2,138,780 net assets at year end
XI-1 Total revenue$1,261,433
XI-2 Total expenses$1,081,762
XI-3 Revenue less expenses$179,671
XI-4 Net assets at start of year$1,959,110
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,138,780

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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