Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1955.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
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
20 people listed on the 990.
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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
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Promotes economic expansion and community revitalization through financing and participation in development projects.
Questions for Greater Berks Development Fund
Your first name shows with your question. Greater Berks Development Fund answers here, for everyone.
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The fund grants real estate and machinery & equipment-related loans and assists in other economic and industrial-type lending to aid and promote the economic and industrial expansion in reading & berks county.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.4M | $3.2M |
| InvestmentsLn 11–13 | $10.8M | $9.1M |
| Land, buildings, equipmentLn 10c | $16.5M | $15.8M |
| Total assetsLn 16 | $39.6M | $36.0M |
| LiabilitiesLn 26 | $22.6M | $19.6M |
| Net assetsLn 32 | $17.0M | $16.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $308K | $165K | $143K | |
| Other salaries and wagesLn 7 | $216K | $130K | $86K | |
| Pension plan contributionsLn 8 | $17K | $10K | $7K | |
| Other employee benefitsLn 9 | $13K | $4K | $9K | |
| Payroll taxesLn 10 | $46K | $25K | $20K | |
| Management feesLn 11a | $74K | $74K | ||
| Legal feesLn 11b | $8K | $8K | ||
| Accounting feesLn 11c | $24K | $24K | ||
| Office expensesLn 13 | $8K | $8K | ||
| OccupancyLn 16 | $60K | $60K | ||
| InterestLn 20 | $203K | $203K | ||
| Other expenses (24a–d)Ln 24 | $2.2M | $2.1M | $83K | |
| All other expensesLn 24e | $586 | $586 | ||
| Total functional expensesLn 25 | $3.2M | $2.6M | $524K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $4.8M | $3.8M | $982K | $19.2M | 990 PDF |
| FY2024 | $4.9M | $3.8M | $1.1M | $18.5M | 990 PDF |
| FY2023 | $3.4M | $3.3M | $118K | $17.5M | 990 PDF |
| FY2022 Viewing | $4.6M | $3.2M | $1.4M | $16.4M | 990 PDF |
| FY2021 | $9.7M | $9.0M | $685K | $17.0M | 990 PDF |
| FY2020 | $7.9M | $4.6M | $3.3M | $14.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $4,581,165 revenue, 12 lines filed
Part VI · Governance 17 of 19 board members independent, 1 to look at
Part VIII · Statement of revenue $4,581,165 across 7 lines filed
Part IX · Statement of functional expenses $3,168,289 across 13 lines filed
Part X · Balance sheet $36,026,079 assets, 15 lines filed
Part XI · Reconciliation of net assets $16,404,839 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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