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Susquehanna Industrial Development FY2021 filing

Shamokin Dam, PAUnknown exempt organization EIN 23-7006408Revenue −$5K in FY2021

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.

55¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · 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
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
219 mo
of spending, in cash
Looks good: 218.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.3% 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
−$5K
-137% vs prior year
Spent
$28K
To programs
55%
Net assets
$587K
By yearFY2020–FY2023
Revenue
−$5K
FY2021▼ -137%
Tap a bar for its year
Revenue by fiscal year
FY2020$13K
FY2021−$5K
FY2023$25
Expenses
$28K
FY2021▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$28K
FY2023$121
Net assets
$587K
FY2021▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$620K
FY2021$587K
FY2023$0

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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

55 cents of each dollar spent went to programs.

Program services 55% · $16K Management & general 45% · $13K

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.

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By the numbers

The FY2021 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
−$5K
Ln 12
Investment incomeLn 3$2K
Money outPt IX
$28K
Ln 25
Programscol B$16K
Managementcol C$13K
Owns and owesPt X
$587K
net assets · Ln 32
Cash and savingsLn 1–2$516K
Total assetsLn 16$589K
LiabilitiesLn 26$2K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2K
Total revenueLn 12−$5K
Assets in detailPt X, end of year
CashLn 1$312K
SavingsLn 2$204K
Cash and savings togetherLn 1–2$516K
InvestmentsLn 11–13$71K
Total assetsLn 16$589K
LiabilitiesLn 26$2K
Net assetsLn 32$587K
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 FY21End FY21
Cash and savingsLn 1–2$293K$516K
InvestmentsLn 11–13$70K$71K
Total assetsLn 16$620K$589K
LiabilitiesLn 26$0$2K
Net assetsLn 32$620K$587K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$550$550
Other fees for servicesLn 11g$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$23K$11K$12K
Total functional expensesLn 25$28K$16K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $25$121−$96$0 990 PDF
FY2022 Not on file
FY2021 Viewing −$5K$28K−$33K$587K 990 PDF
FY2020 $13K$69K−$56K$620K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary −$4,785 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,646$1,600
I-11 Other revenuePrior year $8,201−$6,385
I-12 Total revenuePrior year $12,847−$4,785
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 $69,207$28,311
I-18 Total expensesPrior year $69,207$28,311
I-19 Revenue less expensesPrior year −$56,360−$33,096
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 −$4,785 across 3 lines filed
Lines not itemized here account for −$9,969 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $1,600$1,600
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,584$3,584
VIII-12 Total revenueRelated to mission −$6,385 · Excluded from tax $1,600−$4,785
Part IX · Statement of functional expenses $28,311 across 4 lines filed
IX-11c Accounting feesManagement $550$550
IX-11g Other fees for servicesPrograms $2,170$2,170
IX-23 InsurancePrograms $2,631$2,631
IX-24 Other expenses (24a–d)Programs $10,705 · Management $12,255$22,960
IX-25 Total functional expensesPrograms $15,506 · Management $12,805 · Fundraising $0$28,311
Part X · Balance sheet $588,901 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $89,110$311,935
X-2 Savings and temporary cash investmentsStart of year $204,127$204,127
X-9 Prepaid expenses and deferred chargesStart of year $2,367$1,617
X-12 Other securitiesStart of year $70,000$71,222
X-16 Total assetsStart of year $620,169$588,901
X-17 Accounts payable and accrued expenses$1,828
X-26 Total liabilitiesStart of year $0$1,828
X-27 Net assets without donor restrictionsStart of year $620,169$587,073
X-32 Total net assets or fund balancesStart of year $620,169$587,073
X-33 Total liabilities and net assetsStart of year $620,169$588,901
Part XI · Reconciliation of net assets $587,073 net assets at year end
XI-1 Total revenue−$4,785
XI-2 Total expenses$28,311
XI-3 Revenue less expenses−$33,096
XI-4 Net assets at start of year$620,169
XI-10 Net assets at end of year$587,073

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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