Greenville Reynolds Development Corp

Not tax-deductible

Greenville, PA501(c)(6)EIN 25-1456793Revenue $524K in FY2024

On file with the IRSgreenvillereynolds.com301 Arlington Dr, 16125-8214 · Greenville, PATax-exempt since Apr 1986

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Promote and develop industrial growth

Run by 9 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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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 $127K a year · 17% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$103K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$524K
-49% vs prior year
Spent
$842K
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$524K
FY2024▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$546K
FY2021$617K
FY2022$910K
FY2023$1.0M
FY2024$524K
Expenses
$842K
FY2024▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$882K
FY2021$847K
FY2022$859K
FY2023$835K
FY2024$842K
Net assets
$8.0M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.3M
FY2021$8.1M
FY2022$8.1M
FY2023$8.3M
FY2024$8.0M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1986.

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

Who runs it and what they're paid

12 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director/VP
$69,607Pt VII · Sec A
Assistant Treasurer
$21,953Pt VII · Sec A
Assistant Secretary
$11,080Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bradley R Gosser$69,607$65,968$52,983$76,729$53,223
Dora Swogger——$18,620$49,988—
Dora Richards$21,953$22,175———
Lisa Brickle$11,080$10,956$11,835$21,595—
Christina M Hovis————$17,770

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 and grows industrial businesses.

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1 program · in their own filed words · FY2024
01

Greenville reynolds development corporation promotes and develops industrial growth for the areas in and surrounding the greenville, pennsylvania community. All expenses are incurred for this purpose.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$524K
Ln 12
Fees for servicesLn 2g$501K
Other incomeLn 4–11$17K
Investment incomeLn 3$6K
Money outPt IX
$842K
Ln 25
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$9.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$501K
Investment incomeLn 3$6K
Other incomeLn 4–11$17K
Gains on assetsLn 7−$2K
Total revenueLn 12$524K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$37K
InvestmentsLn 11–13$954K
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$1.4M
Total assetsLn 16$9.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 514
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$509K$37K
InvestmentsLn 11–13$954K$954K
Land, buildings, equipmentLn 10c$6.8M$6.6M
Total assetsLn 16$9.4M$9.1M
LiabilitiesLn 26$1.0M$1.1M
Net assetsLn 32$8.3M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$114K
Pension plan contributionsLn 8$16K
Other employee benefitsLn 9$23K
Payroll taxesLn 10$20K
Legal feesLn 11b$960
Accounting feesLn 11c$11K
Advertising and promotionLn 12$4K
Office expensesLn 13$8K
Information technologyLn 14$641
InterestLn 20$61K
Depreciation, depletion and amortizationLn 22$287K
InsuranceLn 23$65K
Other expenses (24a–d)Ln 24$203K
All other expensesLn 24e$27K
Total functional expensesLn 25$842K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $524K$842K−$318K$8.0M 990 PDF
FY2023 $1.0M$835K$201K$8.3M 990 PDF
FY2022 $910K$859K$50K$8.1M 990 PDF
FY2021 $617K$847K−$230K$8.1M 990 PDF
FY2020 $546K$882K−$336K$8.3M 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 FY2024 990 (6 parts)
Part I · Summary $523,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $797,299$501,019
I-10 Investment incomePrior year $228,605$5,627
I-11 Other revenuePrior year $9,509$16,854
I-12 Total revenuePrior year $1,035,413$523,500
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $140,291$173,189
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $694,548$668,502
I-18 Total expensesPrior year $834,839$841,691
I-19 Revenue less expensesPrior year $200,574−$318,191
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $523,500 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $501,019$501,019
VIII-3 Investment incomeExcluded from tax $7,347$7,347
VIII-5 RoyaltiesExcluded from tax $10$10
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,720−$1,720
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,844$16,844
VIII-12 Total revenueRelated to mission $516,143 · Unrelated business $0 · Excluded from tax $7,357$523,500
Part IX · Statement of functional expenses $841,691 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$114,402
IX-8 Pension plan contributions$15,637
IX-9 Other employee benefits$23,434
IX-10 Payroll taxes$19,716
IX-11b Legal fees$960
IX-11c Accounting fees$10,674
IX-12 Advertising and promotion$4,409
IX-13 Office expenses$8,302
IX-14 Information technology$641
IX-20 Interest$61,129
IX-22 Depreciation, depletion and amortization$287,361
IX-23 Insurance$65,109
IX-24 Other expenses (24a–d)$202,822
IX-24e All other expenses$27,095
IX-25 Total functional expenses$841,691
Part X · Balance sheet $9,134,102 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $157,700$35,999
X-2 Savings and temporary cash investmentsStart of year $351,334$1,142
X-4 Accounts receivableStart of year $62,958$115,463
X-9 Prepaid expenses and deferred chargesStart of year $25,235$35,883
X-10c Land, buildings and equipment, netStart of year $6,782,779$6,569,556
X-12 Other securitiesStart of year $954,322$954,322
X-15 Other assetsStart of year $1,019,690$1,421,737
X-16 Total assetsStart of year $9,354,018$9,134,102
X-17 Accounts payable and accrued expensesStart of year $110,879$72,157
X-19 Deferred revenueStart of year $53,021$70,464
X-25 Other liabilitiesStart of year $0$50,000
X-26 Total liabilitiesStart of year $1,030,064$1,128,339
X-27 Net assets without donor restrictionsStart of year $8,323,954$8,005,763
X-32 Total net assets or fund balancesStart of year $8,323,954$8,005,763
X-33 Total liabilities and net assetsStart of year $9,354,018$9,134,102
Part XI · Reconciliation of net assets $8,005,763 net assets at year end
XI-1 Total revenue$523,500
XI-2 Total expenses$841,691
XI-3 Revenue less expenses−$318,191
XI-4 Net assets at start of year$8,323,954
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,005,763

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

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