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Susquehanna Industrial Development FY2020 filing

Shamokin Dam, PAUnknown exempt organizationEIN 23-7006408Revenue $13K in FY2020

On file with the IRS2859 N Susquehanna Trail · Shamokin Dam, PA

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To promote economic growth throughout the central Susquehanna valley region by stimulating, influencing, and facilitating new public and private investment and to undertake business ventures, which may be beyond the capabilities of the private sector.

34¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $30K a year · 1107% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
34%
of spending
Concern: 34% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
51 mo
of spending, in cash
Looks good: 50.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13K
Spent
$69K
To programs
34%
Net assets
$620K
By yearFY2020–FY2023
Revenue
$13K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$13K
FY2021−$5K
FY2023$25
Expenses
$69K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$28K
FY2023$121
Net assets
$620K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$620K
FY2021$587K
FY2023$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

34 cents of each dollar spent went to programs.

Program services 34% · $24K Management & general 66% · $46K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Tom Crissinger
Board Member
$0Pt VII · Sec A
Larry Eckstine
Board Member
$0Pt VII · Sec A
Robert Grayston
Board Member
$0Pt VII · Sec A
David Herbert
Board Member
$0Pt VII · Sec A
Erica Mulberger
Board Member
$0Pt VII · Sec A
David Persing
Board Member
$0Pt VII · Sec A
Justin Ross
Board Member
$0Pt VII · Sec A
Robert Zimmerman
Board Member
$0Pt VII · Sec A
See Susquehanna Industrial 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

Drives economic growth by attracting and facilitating public and private investment in the Central Susquehanna Valley.

Questions for Susquehanna Industrial Development

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$13K
Ln 12
Other incomeLn 4–11$8K
Investment incomeLn 3$5K
Money outPt IX
$69K
Ln 25
Programscol B$24K
Managementcol C$46K
Owns and owesPt X
$620K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$620K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5K
Other incomeLn 4–11$8K
Total revenueLn 12$13K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$204K
Cash and savings togetherLn 1–2$293K
InvestmentsLn 11–13$70K
Total assetsLn 16$620K
LiabilitiesLn 26$0
Net assetsLn 32$620K
OperationsPt I, VI
EmployeesI 50
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$17K$293K
InvestmentsLn 11–13$404K$70K
Total assetsLn 16$677K$620K
LiabilitiesLn 26$675$0
Net assetsLn 32$677K$620K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$220$220
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$55K$10K$45K
Total functional expensesLn 25$69K$24K$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $25$121−$96$0 990 PDF
FY2022 Not on file
FY2021 −$5K$28K−$33K$587K 990 PDF
FY2020 Viewing $13K$69K−$56K$620K 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 FY2020 990 (6 parts)
Part I · Summary $12,847 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,524$4,646
I-11 Other revenuePrior year −$724,914$8,201
I-12 Total revenuePrior year −$715,390$12,847
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $71,101$69,207
I-18 Total expensesPrior year $71,101$69,207
I-19 Revenue less expensesPrior year −$786,491−$56,360
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $12,847 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $4,646$4,646
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,201$8,201
VIII-12 Total revenueRelated to mission $8,201 · Excluded from tax $4,646$12,847
Part IX · Statement of functional expenses $69,207 across 5 lines filed
IX-11c Accounting feesManagement $220$220
IX-11g Other fees for servicesPrograms $9,633$9,633
IX-12 Advertising and promotionPrograms $1,544$1,544
IX-23 InsurancePrograms $2,525$2,525
IX-24 Other expenses (24a–d)Programs $9,941 · Management $45,344$55,285
IX-25 Total functional expensesPrograms $23,643 · Management $45,564 · Fundraising $0$69,207
Part X · Balance sheet $620,169 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $12,549$89,110
X-2 Savings and temporary cash investmentsStart of year $4,127$204,127
X-8 Inventories for sale or useStart of year $254,565$254,565
X-9 Prepaid expenses and deferred chargesStart of year $2,267$2,367
X-12 Other securitiesStart of year $403,696$70,000
X-16 Total assetsStart of year $677,204$620,169
X-26 Total liabilitiesStart of year $675$0
X-27 Net assets without donor restrictionsStart of year $676,529$620,169
X-32 Total net assets or fund balancesStart of year $676,529$620,169
X-33 Total liabilities and net assetsStart of year $677,204$620,169
Part XI · Reconciliation of net assets $620,169 net assets at year end
XI-1 Total revenue$12,847
XI-2 Total expenses$69,207
XI-3 Revenue less expenses−$56,360
XI-4 Net assets at start of year$676,529
XI-10 Net assets at end of year$620,169

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

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