Tioga County Development Corporation

Not tax-deductible

Wellsboro, PA501(c)(6)EIN 25-1660990Revenue $726K in FY2024

On file with the IRSdeveloptioga.org33 Pearl St, 16901-1404 · Wellsboro, PATax-exempt since Sep 1994

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Assists in the economic Development of Tioga County.

98¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · 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
3 of 5
filings with a surplus
Average deficit $188K a year · 37% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$726K
+232% vs prior year
Spent
$501K
To programs
98%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$726K
FY2024▲ +232%
Tap a bar for its year
Revenue by fiscal year
FY2020$437K
FY2021$896K
FY2022$229K
FY2023$219K
FY2024$726K
Expenses
$501K
FY2024▲ +53%
Tap a bar for its year
Expenses by fiscal year
FY2020$204K
FY2021$638K
FY2022$1.8M
FY2023$328K
FY2024$501K
Net assets
$2.4M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.8M
FY2022$2.2M
FY2023$2.1M
FY2024$2.4M

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 Sep 1994.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $489K Management & general 1% · $5K Fundraising 1% · $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

17 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$66,162Pt VII · Sec A
2nd Vice Cha
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristin Hamilton$66,162$64,452$61,973$58,465$58,465

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.

See Tioga County Development Corporation 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 15aYes

Programs and updates

Boosts Tioga County's economy through development initiatives.

Questions for Tioga County Development Corporation

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Provided by the organization

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1 program · $489K · in their own filed words · FY2024
01

Assisted dozens of businesses in tioga county. Conducted the annual legislative breakfast. Conducted board retreat and annual meeting.

$489Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Group ReturnFY2024$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 24 grants · $420K · 2021–2021
Individual RecipientFY2021$30,000
Individual RecipientFY2021$30,000
Coach Stop LLCFY2021$25,000
Individual RecipientFY2021$25,000
Conspiracy Coffee Co & BakeryFY2021$25,000
Yorkholo Brewing CompanyFY2021$25,000
Night & Day CoffeeFY2021$20,000
Individual RecipientFY2021$20,000
Individual RecipientFY2021$20,000
A&j Hughes LimitedFY2021$20,000
Individual RecipientFY2021$20,000
Individual RecipientFY2021$20,000
Gas Light INCFY2021$20,000
Individual RecipientFY2021$15,000
Rusty Cannon Motel INCFY2021$15,000
Han-Roe Associates DBA Bear AssocFY2021$10,000
Dana's Diner LLCFY2021$10,000
Milestone Innovations INCFY2021$10,000
See all 24 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$726K
Ln 12
Fees for servicesLn 2g$529K
Gifts and grantsLn 1h$181K
Other incomeLn 4–11$16K
Money outPt IX
$501K
Ln 25
Programscol B$489K
Managementcol C$5K
Fundraisingcol D$7K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$348K
Total assetsLn 16$2.4M
LiabilitiesLn 26$27K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$181K
Government grantsLn 1e$150K
Fees for servicesLn 2g$529K
Other incomeLn 4–11$16K
Total revenueLn 12$726K
Assets in detailPt X, end of year
CashLn 1$248K
SavingsLn 2$99K
Cash and savings togetherLn 1–2$348K
Other assetsLn 15$107K
Total assetsLn 16$2.4M
LiabilitiesLn 26$27K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
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$772K$348K
Total assetsLn 16$2.5M$2.4M
LiabilitiesLn 26$355K$27K
Net assetsLn 32$2.1M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$194K$194K
Pay of current officers, directors and key staffLn 5$66K$66K
Other salaries and wagesLn 7$73K$66K$5K$2K
Other employee benefitsLn 9$45K$45K
Accounting feesLn 11c$35K$35K$500
Other fees for servicesLn 11g$28$28
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$19K$19K$250
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$15K$10K$5K
InterestLn 20$19K$19K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$17K$17K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$501K$489K$5K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $726K$501K$225K$2.4M 990 PDF
FY2023 $219K$328K−$109K$2.1M 990 PDF
FY2022 $229K$1.8M−$1.5M$2.2M 990 PDF
FY2021 $896K$638K$259K$3.8M 990 PDF
FY2020 $437K$204K$233K$3.5M 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 $726,263 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,000$181,030
I-9 Program service revenuePrior year $160,132$529,467
I-10 Investment income$0
I-11 Other revenuePrior year $26,872$15,766
I-12 Total revenuePrior year $219,004$726,263
I-13 Grants and similar amounts paid$193,878
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $175,245$183,558
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $152,824$123,804
I-18 Total expensesPrior year $328,069$501,240
I-19 Revenue less expensesPrior year −$109,065$225,023
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $726,263 across 6 lines filed
VIII-1e Government grants$149,730
VIII-1f All other contributions, gifts and grants$31,300
VIII-1h Total contributions, gifts and grants$181,030
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $529,467$529,467
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $15,766$15,766
VIII-12 Total revenueExcluded from tax $545,233$726,263
Part IX · Statement of functional expenses $501,240 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $193,878$193,878
IX-5 Pay of current officers, directors and key staffPrograms $66,162$66,162
IX-7 Other salaries and wagesPrograms $66,223 · Management $5,000 · Fundraising $1,500$72,723
IX-9 Other employee benefitsPrograms $44,673$44,673
IX-11c Accounting feesPrograms $34,687 · Fundraising $500$35,187
IX-11g Other fees for servicesPrograms $28$28
IX-12 Advertising and promotionPrograms $5,182$5,182
IX-13 Office expensesPrograms $18,859 · Fundraising $250$19,109
IX-17 TravelPrograms $7,957$7,957
IX-19 Conferences, conventions and meetingsPrograms $10,165 · Fundraising $5,000$15,165
IX-20 InterestPrograms $19,206$19,206
IX-23 InsurancePrograms $1,627$1,627
IX-24 Other expenses (24a–d)Programs $17,342$17,342
IX-24e All other expensesPrograms $3,001$3,001
IX-25 Total functional expensesPrograms $488,990 · Management $5,000 · Fundraising $7,250$501,240
Part X · Balance sheet $2,382,287 assets, 12 lines filed
Asset lines not itemized here account for $1,552,679; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $567,850$248,415
X-2 Savings and temporary cash investmentsStart of year $203,697$99,086
X-3 Pledges and grants receivableStart of year $193,805$374,835
X-15 Other assetsStart of year $110,037$107,272
X-16 Total assetsStart of year $2,485,864$2,382,287
X-17 Accounts payable and accrued expensesStart of year $104,820$10,019
X-25 Other liabilitiesStart of year $16,856$16,856
X-26 Total liabilitiesStart of year $355,475$26,875
X-27 Net assets without donor restrictionsStart of year $2,130,389$2,211,599
X-28 Net assets with donor restrictions$143,813
X-32 Total net assets or fund balancesStart of year $2,130,389$2,355,412
X-33 Total liabilities and net assetsStart of year $2,485,864$2,382,287
Part XI · Reconciliation of net assets $2,355,412 net assets at year end
XI-1 Total revenue$726,263
XI-2 Total expenses$501,240
XI-3 Revenue less expenses$225,023
XI-4 Net assets at start of year$2,130,389
XI-10 Net assets at end of year$2,355,412

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

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