Mifflin County Industrial Development Corp

Not tax-deductible

Lewistown, PA501(c)(6)EIN 25-6081475

To promote the growth of employment and income in mifflin county

Run by 39 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · 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
5 of 5
filings with a surplus
Average surplus $727K a year · 34% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$103K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 27.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$820K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-13% vs prior year
Spent
$1.4M
Net assets
$9.0M
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▼ -13%
Revenue by fiscal year
FY2020$1.6M
FY2021$3.0M
FY2022$1.8M
FY2023$2.3M
FY2024$2.0M
Expenses
$1.4M
FY2024▼ -10%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.4M
FY2023$1.6M
FY2024$1.4M
Net assets
$9.0M
FY2024▲ +20%
Net assets by fiscal year
FY2020$6.1M
FY2021$7.7M
FY2022$6.9M
FY2023$7.6M
FY2024$9.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1957.

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

Who runs it and what they're paid

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

Part VII, Section A · reportable compensation
President
$103,000Pt VII · Sec A
$0Pt VII · Sec A
First Vice Chair
$0Pt VII · Sec A
Second Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Nick Felice$103,000$100,000$88,795$84,514$82,626

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 Mifflin County Industrial Development Corp executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Helps Mifflin County residents find jobs and increase their earnings.

Provided by the organization

This section is blank until Mifflin County Industrial Development Corp claims this page.

Know this organization? Claim it to add your story

1 program service, described in the organization's own filed words · FY2024.
01

Mcidc is responsible, when requested, for assisting primarily industrial companies to start, expand or relocate to mifflin county by providing financing opportunities and facilities such as mcidc plaza, mcidc business center, mifflin county industrial park, and other suitable buildings and sites.

Pt IX · col B

Run this program? Claim this org to tell your story

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 · 2 grants · $10K · 2020–2020

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$155K
Other incomeLn 4–11$59K
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$9.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$9.9M
LiabilitiesLn 26$820K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Government grantsLn 1e$46K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$155K
Other incomeLn 4–11$59K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.3M
Land, buildings, equipmentLn 10c$6.2M
Other assetsLn 15$59K
Total assetsLn 16$9.9M
LiabilitiesLn 26$820K
Net assetsLn 32$9.0M
OperationsPt I, VI
EmployeesI 59
VolunteersI 639
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 FY24End FY24
Cash and savingsLn 1–2$3.6M$3.3M
Land, buildings, equipmentLn 10c$5.9M$6.2M
Total assetsLn 16$10.1M$9.9M
LiabilitiesLn 26$2.5M$820K
Net assetsLn 32$7.6M$9.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K
Pay of current officers, directors and key staffLn 5$121K
Other salaries and wagesLn 7$161K
Pension plan contributionsLn 8$9K
Other employee benefitsLn 9$26K
Payroll taxesLn 10$26K
Legal feesLn 11b$17K
Accounting feesLn 11c$24K
Other fees for servicesLn 11g$44K
Advertising and promotionLn 12$33K
Office expensesLn 13$14K
OccupancyLn 16$178K
TravelLn 17$2K
InterestLn 20$9K
Depreciation, depletion and amortizationLn 22$495K
InsuranceLn 23$213K
Other expenses (24a–d)Ln 24$31K
All other expensesLn 24e$124
Total functional expensesLn 25$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$1.4M$569K$9.0M 990 PDF
FY2023 $2.3M$1.6M$696K$7.6M 990 PDF
FY2022 $1.8M$1.4M$410K$6.9M 990 PDF
FY2021 $3.0M$1.4M$1.7M$7.7M 990 PDF
FY2020 $1.6M$1.3M$291K$6.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (4 parts)
Part VIII · Statement of revenue $1,985,062 across 6 lines filed
VIII-1e Government grants$46,117
VIII-1h Total contributions, gifts and grants$46,117
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,725,750$1,725,750
VIII-3 Investment incomeExcluded from tax $154,521$154,521
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $58,674$58,674
VIII-12 Total revenueRelated to mission $1,725,750 · Unrelated business $0 · Excluded from tax $213,195$1,985,062
Part IX · Statement of functional expenses $1,415,713 across 18 lines filed
IX-1 Grants to domestic organizations$14,926
IX-5 Pay of current officers, directors and key staff$121,441
IX-7 Other salaries and wages$160,508
IX-8 Pension plan contributions$8,961
IX-9 Other employee benefits$25,963
IX-10 Payroll taxes$25,807
IX-11b Legal fees$16,640
IX-11c Accounting fees$24,050
IX-11g Other fees for services$43,815
IX-12 Advertising and promotion$32,760
IX-13 Office expenses$13,778
IX-16 Occupancy$178,023
IX-17 Travel$1,804
IX-20 Interest$8,532
IX-22 Depreciation, depletion and amortization$494,709
IX-23 Insurance$212,637
IX-24 Other expenses (24a–d)$31,235
IX-24e All other expenses$124
IX-25 Total functional expenses$1,415,713
Part X · Balance sheet $9,867,670 assets, 16 lines filed
Asset lines not itemized here account for $190,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $3,612,423$3,281,926
X-3 Pledges and grants receivableStart of year $34,157$0
X-4 Accounts receivableStart of year $179,873$12,966
X-8 Inventories for sale or useStart of year $127,738$127,738
X-9 Prepaid expenses and deferred chargesStart of year $1,687$9,758
X-10c Land, buildings and equipment, netStart of year $5,871,904$6,186,324
X-15 Other assetsStart of year $58,958$58,958
X-16 Total assetsStart of year $10,076,740$9,867,670
X-17 Accounts payable and accrued expensesStart of year $936,764$181,590
X-19 Deferred revenueStart of year $24,489$19,457
X-24 Unsecured notes and loans payableStart of year $135,632$117,303
X-25 Other liabilitiesStart of year $1,291,140$379,511
X-26 Total liabilitiesStart of year $2,514,264$820,205
X-27 Net assets without donor restrictionsStart of year $7,562,476$9,047,465
X-32 Total net assets or fund balancesStart of year $7,562,476$9,047,465
X-33 Total liabilities and net assetsStart of year $10,076,740$9,867,670
Part XI · Reconciliation of net assets $9,047,465 net assets at year end
XI-1 Total revenue$1,985,062
XI-2 Total expenses$1,415,713
XI-3 Revenue less expenses$569,349
XI-4 Net assets at start of year$7,562,476
XI-9 Other changes in net assets$915,640
XI-10 Net assets at end of year$9,047,465

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.