Lansdowne Economic Development Corporation

Tax-deductible

Lansdowne, PA501(c)(3)Community DevelopmentEIN 23-2976596Revenue $364K in FY2024

On file with the IRSlansdownesfuture.org32 E Baltimore Ave, 19050-2202 · Lansdowne, PATax-exempt since Nov 2004Publicly supported charity — 170(b)(1)(A)(vi)

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The Lansdowne Economic Development corp. Encourages activity and growth in the borough of Lansdowne by fostering partnerships with businesses, residents, and consumers to create a flourishing, inclusive, creative and welcoming community.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Run by 10 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
2 of 5
filings with a surplus
Average surplus $20K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$184K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
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
$364K
+7% vs prior year
Spent
$366K
To programs
53%
Net assets
$139K
By yearFY2020–FY2024
Revenue
$364K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$214K
FY2021$368K
FY2022$328K
FY2023$340K
FY2024$364K
Expenses
$366K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$196K
FY2021$237K
FY2022$358K
FY2023$354K
FY2024$366K
Net assets
$139K
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$54K
FY2021$185K
FY2022$155K
FY2023$141K
FY2024$139K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2004.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $193K Management & general 47% · $173K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Deborah Brodeur’s $65K as Executive Di is at the 42nd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Deborah Brodeur$65,147$70,075$62,318

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Fosters partnerships to encourage economic activity and growth, creating a flourishing community.

Provided by the organization

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2 programs · $122K · in their own filed words · FY2024
01

Promoted economic activity within lansdowne borough through increasing the number and diversity of retail businesses, reducing storefront vacancies, attracting commercial development and by promoting the borough to its residents and visitors from surrounding communities.

$122Kprogram expense
02

Through local events and sponsorships, promote the lansdowne business district.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$29K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$364K
Ln 12
Gifts and grantsLn 1h$332K
Fees for servicesLn 2g$33K
Investment incomeLn 3$6
Money outPt IX
$366K
Ln 25
Programscol B$193K
Managementcol C$173K
Owns and owesPt X
$139K
net assets · Ln 32
Cash and savingsLn 1–2$65K
Total assetsLn 16$323K
LiabilitiesLn 26$184K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$332K
Government grantsLn 1e$230K
Fees for servicesLn 2g$33K
Investment incomeLn 3$6
Total revenueLn 12$364K
Assets in detailPt X, end of year
CashLn 1$65K
Cash and savings togetherLn 1–2$65K
Land, buildings, equipmentLn 10c$95K
Other assetsLn 15$163K
Total assetsLn 16$323K
LiabilitiesLn 26$184K
Net assetsLn 32$139K
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$55K$65K
Land, buildings, equipmentLn 10c$109K$95K
Total assetsLn 16$342K$323K
LiabilitiesLn 26$201K$184K
Net assetsLn 32$141K$139K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$147K$37K$111K
Pension plan contributionsLn 8$678$678
Payroll taxesLn 10$12K$3K$10K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$55K$48K$8K
Advertising and promotionLn 12$6K$5K$1K
Office expensesLn 13$6K$4K$2K
OccupancyLn 16$61K$61K
Conferences, conventions and meetingsLn 19$262$236$26
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$17K$1K$15K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$48K$35K$13K
All other expensesLn 24e$3K$317$3K
Total functional expensesLn 25$366K$193K$173K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $364K$366K−$2K$139K 990 PDF
FY2023 $340K$354K−$14K$141K 990 PDF
FY2022 $328K$358K−$30K$155K 990 PDF
FY2021 $368K$237K$131K$185K 990 PDF
FY2020 $214K$196K$17K$54K 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 (6 parts)
Part I · Summary $364,461 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $298,951$331,509
I-9 Program service revenuePrior year $40,656$32,946
I-10 Investment incomePrior year $5$6
I-11 Other revenue$0
I-12 Total revenuePrior year $339,612$364,461
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $158,881$160,257
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $194,641$205,841
I-18 Total expensesPrior year $353,522$366,098
I-19 Revenue less expensesPrior year −$13,910−$1,637
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $364,461 across 7 lines filed
VIII-1b Membership dues$95,277
VIII-1e Government grants$229,537
VIII-1f All other contributions, gifts and grants$6,695
VIII-1h Total contributions, gifts and grants$331,509
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,946$32,946
VIII-3 Investment incomeRelated to mission $6$6
VIII-12 Total revenueRelated to mission $32,952$364,461
Part IX · Statement of functional expenses $366,098 across 14 lines filed
IX-7 Other salaries and wagesPrograms $36,563 · Management $110,681$147,244
IX-8 Pension plan contributionsManagement $678$678
IX-10 Payroll taxesPrograms $2,736 · Management $9,599$12,335
IX-11c Accounting feesManagement $5,851$5,851
IX-11g Other fees for servicesPrograms $47,602 · Management $7,833$55,435
IX-12 Advertising and promotionPrograms $4,786 · Management $1,103$5,889
IX-13 Office expensesPrograms $4,257 · Management $1,529$5,786
IX-16 OccupancyPrograms $60,651$60,651
IX-19 Conferences, conventions and meetingsPrograms $236 · Management $26$262
IX-20 InterestManagement $1,063$1,063
IX-22 Depreciation, depletion and amortizationPrograms $1,137 · Management $15,450$16,587
IX-23 InsuranceManagement $2,592$2,592
IX-24 Other expenses (24a–d)Programs $35,026 · Management $13,398$48,424
IX-24e All other expensesPrograms $317 · Management $2,984$3,301
IX-25 Total functional expensesPrograms $193,311 · Management $172,787 · Fundraising $0$366,098
Part X · Balance sheet $323,169 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $54,730$64,645
X-10c Land, buildings and equipment, netStart of year $108,909$95,139
X-15 Other assetsStart of year $178,176$163,385
X-16 Total assetsStart of year $341,815$323,169
X-17 Accounts payable and accrued expensesStart of year $4,148$4,403
X-24 Unsecured notes and loans payableStart of year $192,029$173,890
X-25 Other liabilitiesStart of year $5,037$5,913
X-26 Total liabilitiesStart of year $201,214$184,206
X-27 Net assets without donor restrictionsStart of year $140,601$138,963
X-32 Total net assets or fund balancesStart of year $140,601$138,963
X-33 Total liabilities and net assetsStart of year $341,815$323,169
Part XI · Reconciliation of net assets $138,963 net assets at year end
XI-1 Total revenue$364,461
XI-2 Total expenses$366,098
XI-3 Revenue less expenses−$1,637
XI-4 Net assets at start of year$140,601
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$138,963

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

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