BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION

Address
10 EAST CHURCH STREET
BETHLEHEM, PA 18018
Contact
Phone: +1 (610) 865-7056
Nonprofit
NTEE: S30 - Economic Development
EIN: 23-2211627

Mission

THE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO ENHANCE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA. - THE CORPORATION IS FORMED TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 (OR CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). ITS PURPOSE SHALL BE TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL, STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNIN
 20162015201420122011
Basic features of the organization
Year of formation1982
Subsection code03
PF filing required0    
Metropolitan statistical area0240
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees210  
Personnel
Brong, David
TitleTREASURERTREASURERTREASURER  
Name of key/compensated personDAVID BRONGDAVID BRONGDAVID BRONG  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Cunningham, Don
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personDON CUNNINGHAMDON CUNNINGHAMDON CUNNINGHAM  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Cunningham, Luke
TitlePRESIDENTPRESIDENTPRESIDENT  
Name of key/compensated personLUKE CUNNINGHAMLUKE CUNNINGHAMLUKE CUNNINGHAM  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Donchez, Robert
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personROBERT DONCHEZROBERT DONCHEZROBERT DONCHEZ  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Hanna, Tony
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personTONY HANNATONY HANNATONY HANNA  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Kalamar, Steven
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personSTEVEN KALAMARSTEVEN KALAMARSTEVEN KALAMAR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Karner, Alicia
TitleEXECUTIVE DIEXECUTIVE DIEXECUTIVE DI  
Name of key/compensated personALICIA MILLER KARNERALICIA MILLER KARNERALICIA MILLER KARNER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Kochard, Dale
Title  DIRECTOR  
Name of key/compensated person  DALE KOCHARD  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  5.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Reynolds, Willie
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personWILLIE REYNOLDSWILLIE REYNOLDSWILLIE REYNOLDS  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org  5.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Washington, Adrienne
TitleDIRECTORDIRECTOR   
Name of key/compensated personADRIENNE WASHINGTONADRIENNE WASHINGTON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO ENHANCE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA. - THE CORPORATION IS FORMED TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 (OR CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). ITS PURPOSE SHALL BE TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL, STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNINTHE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO ENHANCE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA. - THE CORPORATION IS FORMED TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 (OR CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). ITS PURPOSE SHALL BE TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL, STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNINTHE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO ENHANCE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA. - THE CORPORATION IS FORMED TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 (OR CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). ITS PURPOSE SHALL BE TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL, STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNIN  
Program service expenses, total$608,973.00$586,080.00$226,173.00  
Programs, including revenue & expenses
ACQUIRE, HOLD, IMPROVE, DEVELOP AND DISPOSE OF REAL PROPERTY LOCATED IN THE CITY OF BETHLEHEM AND TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS.
Program expenses$608,973.00$586,080.00$226,173.00  
Program revenue$631,220.00$462,001.00   
Program descriptionACQUIRE, HOLD, IMPROVE, DEVELOP AND DISPOSE OF REAL PROPERTY LOCATED IN THE CITY OF BETHLEHEM AND TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS.ACQUIRE, HOLD, IMPROVE, DEVELOP AND DISPOSE OF REAL PROPERTY LOCATED IN THE CITY OF BETHLEHEM AND TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS.ACQUIRE, HOLD, IMPROVE, DEVELOP AND DISPOSE OF REAL PROPERTY LOCATED IN THE CITY OF BETHLEHEM AND TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS.  
Financial data
Revenue
Total revenue$632,061.00$516,593.00$475,150.00  
Revenue from contributions (total) $54,139.00$155,436.00$118,700.00$0.00
Investment income, current yr$841.00$453.00$295.00  
Total revenue from grants, etc., current yr$0.00$54,139.00$155,436.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$0.00$0.00$0.00  
Program service revenue (total)$631,220.00$462,001.00$319,419.00$70,133.00$10,712.00
Gross receipts$632,061.00$516,593.00$475,150.00  
Sources of contributions
Revenue from gov't grants $54,139.00$155,436.00  
Other types of revenue
Income from dividends, interest, and similar investments$841.00$453.00$295.00  
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$629,752.00$608,258.00$239,259.00  
Total functional expenses: program service $608,973.00$586,080.00$226,173.00  
Total functional expenses: management and general$20,779.00$22,178.00$13,086.00  
Total functional expenses: fundraising$0.00$0.00$0.00  
Fees for services
Legal fees (total)$5,541.00$8,849.00$4,111.00  
Fundraising service fees (total)$0.00$0.00$0.00  
Assets and liabilities
Total assets$1,703,321.00$1,631,950.00$1,725,278.00$1,658,081.00$1,508,734.00
Total assets, beginning of year$1,631,950.00$1,725,278.00$1,485,740.00  
Total liabilities$871,714.00$802,652.00$804,315.00$1,075,844.00$651,330.00
Total liabilities, beginning of year$802,652.00$804,315.00$800,668.00  
Unrestricted net assets, end of yr$831,607.00$829,298.00$920,963.00  
Net assets$831,607.00$829,298.00$920,963.00  
Net assets, beginning of year$829,298.00$920,963.00$685,072.00  
Other liabilities$13,090.00$7,678.00$9,307.00  
Other assets$673,271.00$673,246.00$673,046.00  
Cash: non-interest bearing$498,620.00$371,751.00$393,351.00  
Cash: non-interest bearing, beginning of year$371,751.00$393,351.00$97,549.00  
Other financial variables
Revenue less expenses$2,309.00-$91,665.00$235,891.00  
Advertising (total)  $379.00  
Accounts payable & accrued expenses $100.00$134.00  
Deferred revenue$63,750.00    
Unsecured notes & loans to unrelated parties$794,874.00$794,874.00$794,874.00  
Total net assets or fund balances$831,607.00$829,298.00$920,963.00  
Depreciation, depletion, amortization$55,523.00$55,523.00$55,522.00  
Governance and accountability
Number of voting members999  
Number of independent voting members999  
Accrual accountingTrueTrueTrue  
Tax year start date2016-01-012015-01-012014-01-01  
Tax year end date2016-12-012015-12-012014-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2017-12-282017-03-272016-02-18  
IRS schema version2016v3.02015v2.12014v5.0  
Filing identifier201703199349303455201613199349300431201533209349308793  
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