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Lansdowne Economic Development Corporation FY2020 filing

Tax-deductible

Lansdowne, PA501(c)(3)Community Development EIN 23-2976596Revenue $214K in FY2020Latest return filed Jul 7, 2025

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.
5¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
5%
of spending
Concern: 5% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
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
$31K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$214K
Spent
$196K
To programs
5%
Net assets
$54K
By yearFY2020–FY2024
Revenue
$214K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$214K
FY2021$368K
FY2022$328K
FY2023$340K
FY2024$364K
Expenses
$196K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$196K
FY2021$237K
FY2022$358K
FY2023$354K
FY2024$366K
Net assets
$54K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$54K
FY2021$185K
FY2022$155K
FY2023$141K
FY2024$139K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

5 cents of each dollar spent went to programs.

Program services 5% · $10K Management & general 93% · $183K Fundraising 2% · $3K

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

8 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
Deborah Brodeur
Executive Di
$62,318Pt VII · Sec A
Laureen Carlin
Vice Chair
$0Pt VII · Sec A
Richard McKie
Chair - Mark
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
William Brown
Property Man
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Williams
Arts - Chair
$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.

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Provided by the organization

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2 programs · $9K · in their own filed words · FY2020
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.

$9Kprogram 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
The Foundation for Delaware CountyFY2024$29K
Total grants receivedfrom 1 funder$29K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$214K
Ln 12
Gifts and grantsLn 1h$199K
Fees for servicesLn 2g$15K
Money outPt IX
$196K
Ln 25
Programscol B$10K
Managementcol C$183K
Fundraisingcol D$3K
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$85K
LiabilitiesLn 26$31K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$199K
Government grantsLn 1e$150K
Fees for servicesLn 2g$15K
Total revenueLn 12$214K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$78K
Other assetsLn 15$3K
Total assetsLn 16$85K
LiabilitiesLn 26$31K
Net assetsLn 32$54K
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 FY20End FY20
Cash and savingsLn 1–2$12K$4K
Land, buildings, equipmentLn 10c$81K$78K
Total assetsLn 16$96K$85K
LiabilitiesLn 26$59K$31K
Net assetsLn 32$37K$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$99K$99K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$5K$389$5K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$3K$857$3K
Information technologyLn 14$3K$3K
OccupancyLn 16$30K$30K
TravelLn 17$227$45$182
Conferences, conventions and meetingsLn 19$81$52$29
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$28K$6K$22K
All other expensesLn 24e$648$648
Total functional expensesLn 25$196K$10K$183K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 7, 2025 $364K$366K−$2K$139K 990 PDF
FY2023Filed with the IRS Aug 6, 2024 $340K$354K−$14K$141K 990 PDF
FY2022Filed with the IRS Oct 24, 2023 $328K$358K−$30K$155K 990 PDF
FY2021Filed with the IRS Nov 23, 2022 $368K$237K$131K$185K 990 PDF
FY2020 ViewingFiled with the IRS Aug 25, 2021 $214K$196K$17K$54K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $213,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $189,503$198,937
I-9 Program service revenuePrior year $36,952$14,770
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $226,455$213,707
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $108,046$108,397
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $144,815$87,892
I-18 Total expensesPrior year $252,861$196,289
I-19 Revenue less expensesPrior year −$26,406$17,418
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $213,707 across 6 lines filed
VIII-1b Membership dues$41,641
VIII-1e Government grants$150,317
VIII-1f All other contributions, gifts and grants$6,979
VIII-1h Total contributions, gifts and grants$198,937
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,770$14,770
VIII-12 Total revenueRelated to mission $14,770$213,707
Part IX · Statement of functional expenses $196,289 across 16 lines filed
IX-7 Other salaries and wagesManagement $98,762$98,762
IX-8 Pension plan contributionsManagement $1,800$1,800
IX-10 Payroll taxesManagement $7,835$7,835
IX-11c Accounting feesManagement $5,840$5,840
IX-11g Other fees for servicesPrograms $389 · Management $4,962$5,351
IX-12 Advertising and promotionPrograms $3,171$3,171
IX-13 Office expensesPrograms $857 · Management $2,585$3,442
IX-14 Information technologyFundraising $3,286$3,286
IX-16 OccupancyManagement $30,000$30,000
IX-17 TravelPrograms $45 · Management $182$227
IX-19 Conferences, conventions and meetingsPrograms $52 · Management $29$81
IX-20 InterestManagement $1,248$1,248
IX-22 Depreciation, depletion and amortizationManagement $4,616$4,616
IX-23 InsuranceManagement $1,665$1,665
IX-24 Other expenses (24a–d)Programs $5,842 · Management $22,475$28,317
IX-24e All other expensesManagement $648$648
IX-25 Total functional expensesPrograms $10,356 · Management $182,647 · Fundraising $3,286$196,289
Part X · Balance sheet $85,180 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $12,142$4,103
X-10c Land, buildings and equipment, netStart of year $80,806$78,277
X-15 Other assetsStart of year $2,800$2,800
X-16 Total assetsStart of year $95,748$85,180
X-17 Accounts payable and accrued expensesStart of year $7,825$7,984
X-24 Unsecured notes and loans payableStart of year $48,000$20,300
X-25 Other liabilitiesStart of year $3,371$2,926
X-26 Total liabilitiesStart of year $59,196$31,210
X-27 Net assets without donor restrictionsStart of year $36,552$53,970
X-32 Total net assets or fund balancesStart of year $36,552$53,970
X-33 Total liabilities and net assetsStart of year $95,748$85,180
Part XI · Reconciliation of net assets $53,970 net assets at year end
XI-1 Total revenue$213,707
XI-2 Total expenses$196,289
XI-3 Revenue less expenses$17,418
XI-4 Net assets at start of year$36,552
XI-10 Net assets at end of year$53,970

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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