Waynesboro Industrial Development Corp

Not tax-deductible

Waynesboro, PA501(c)(6)Mutual / membership EIN 25-1143060Revenue $37K in FY2024

On file with the IRS118 Walnut St Ste 111, 17268-1669 · Waynesboro, PATax-exempt since Dec 1964

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To acquire, own, improve, develop, mortgage, operate, lease, dispose of and otherwise deal with real and personal property in Waynesboro and Franklin County, Pennsylvania, which can appropriately and legally be used toward advancement of commercial, industrial, civic and general interest of Waynesboro and the Waynesboro Area; with the goal of promoting, attracting, stimulating, rehabilitating and revitalizing commerce, industry and manufacturing in this area.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
25¢ of each $1 spent went to programs.
Run by 17 volunteers.
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)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 deficit $12K a year · 46% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
25%
of spending
Concern: 25% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
869 mo
of spending, in cash
Looks good: 868.9 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
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37K
×23 vs prior year
Spent
$9K
To programs
25%
Net assets
$705K
By yearFY2020–FY2024
Revenue
$37K
FY2024▲ ×23
Tap a bar for its year
Revenue by fiscal year
FY2020$16K
FY2021$45K
FY2022$30K
FY2023$2K
FY2024$37K
Expenses
$9K
FY2024▼ -85%
Tap a bar for its year
Expenses by fiscal year
FY2020$7K
FY2021$56K
FY2022$58K
FY2023$59K
FY2024$9K
Net assets
$705K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$759K
FY2021$760K
FY2022$648K
FY2023$652K
FY2024$705K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1964.

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

Where the money goes

25 cents of each dollar spent went to programs.

Program services 25% · $2K Management & general 75% · $7K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Waynesboro Industrial Development Corp 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

Develops and manages property to boost local commerce, industry, and community interests.

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1 program · in their own filed words · FY2024
01

To acquire, own, improve, develop, mortgage, operate, lease, dispose of and otherwise deal with real and personal property in Waynesboro and Franklin County, Pennsylvania, which can appropriately and legally be used toward advancement of commercial, industrial, civic and general interest of Waynesboro and the Waynesboro Area; with the…

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 · this organization's grantmaking
Grants paid · 3 grants · $150K · 2021–2023
Mainstreet Waynesboro INCPA · FY2023$50,000
Mainstreet Waynesboro INCPA · FY2022$50,000
Mainstreet Waynesboro INCPA · FY2021$50,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$37K
Ln 12
Investment incomeLn 3$35K
Fees for servicesLn 2g$2K
Money outPt IX
$9K
Ln 25
Programscol B$2K
Managementcol C$7K
Owns and owesPt X
$705K
net assets · Ln 32
Cash and savingsLn 1–2$647K
Total assetsLn 16$705K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2K
Investment incomeLn 3$35K
Gains on assetsLn 7$4K
Total revenueLn 12$37K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$647K
Cash and savings togetherLn 1–2$647K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$57K
Total assetsLn 16$705K
LiabilitiesLn 26$0
Net assetsLn 32$705K
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$594K$647K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$652K$705K
LiabilitiesLn 26$0$0
Net assetsLn 32$652K$705K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$1K$1K
Legal feesLn 11b$0
Accounting feesLn 11c$595$595
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$600$600
Office expensesLn 13$70$70
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$688$688
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$997$387$610
All other expensesLn 24e$0
Total functional expensesLn 25$9K$2K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $37K$9K$28K$705K 990 PDF
FY2023 $2K$59K−$57K$652K 990 PDF
FY2022 $30K$58K−$28K$648K 990 PDF
FY2021 $45K$56K−$12K$760K 990 PDF
FY2020 $16K$7K$9K$759K 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 FY2024 990 (6 parts)
Part I · Summary $36,562 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,742$1,631
I-10 Investment incomePrior year −$182$34,931
I-11 Other revenue$0
I-12 Total revenuePrior year $1,560$36,562
I-13 Grants and similar amounts paidPrior year $50,000$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 $8,992$8,940
I-18 Total expensesPrior year $58,992$8,940
I-19 Revenue less expensesPrior year −$57,432$27,622
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $36,562 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,631$1,631
VIII-3 Investment incomeExcluded from tax $31,237$31,237
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,694$3,694
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,325 · Excluded from tax $31,237$36,562
Part IX · Statement of functional expenses $8,940 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $1,200$1,200
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $595$595
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $4,790$4,790
IX-12 Advertising and promotionPrograms $600$600
IX-13 Office expensesManagement $70$70
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $688$688
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $387 · Management $610$997
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,270 · Management $6,670 · Fundraising $0$8,940
Part X · Balance sheet $704,644 assets, 17 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $594,402$647,323
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $57,321$57,321
X-16 Total assetsStart of year $651,723$704,644
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $651,723$704,644
X-32 Total net assets or fund balancesStart of year $651,723$704,644
X-33 Total liabilities and net assetsStart of year $651,723$704,644
Part XI · Reconciliation of net assets $704,644 net assets at year end
XI-1 Total revenue$36,562
XI-2 Total expenses$8,940
XI-3 Revenue less expenses$27,622
XI-4 Net assets at start of year$651,723
XI-5 Net unrealized gains (losses) on investments$25,299
XI-10 Net assets at end of year$704,644

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

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