NonprofitsAllentown Economic Development Corporation

Community Improvement & Capacity Building

Allentown Economic Development Corporation

ALLENTOWN, PA

Total revenue

$1.7M

Total expenses

$2.2M

Net assets

$7.5M

Grants received

$48K

6 grants

EIN

232101393

Tax year

2023

Mission

To proactively identify, encourage, and develop business opportunities for the lehigh valley.

Programs

3 programs

Development projects: development of acquired properties that were either blighted or underutilized. Create new jobs and further economic development by getting these properties to a sustainable use.

Expenses: $62K

Incubation: encouraging and fostering the development of economic growth through the establishment and maintenance of a small business incubator facility where new and growing businesses operate under one roof with low cost rental, shared services and equipment, and access to professional, technical and financial programs.

Expenses: $384K

1) business retention & expansion: program to retain and expand businesses in order to brings jobs and develop the city.

Expenses: $23K

Financials

FY 2023

Revenue

Contributions & grants$60K
Program service revenue$1.8M
Investment income
Other revenue$70K
Total revenue$1.7M

Expenses

Grants paid
Salaries & benefits$873K
Fundraising
Other expenses$1.3M
Total expenses$2.2M
Total assets$11.2M
Net assets$7.5M

People

14 listed

NameRoleCompensation

R SCOTT UNGER

EXECUTIVE DIRECTOR

Board

$165K

40 hrs/wk

JOHN G ENGLESSON

VICE CHAIRMAN

Board

1 hrs/wk

MATTHEW B GREEN

SECRETARY

Board

1 hrs/wk

SUSAN E YOUNGS

TREASURER

Board

1 hrs/wk

MATTHEW TUERK

DIRECTOR

Board

1 hrs/wk

DON CUNNINGHAM

DIRECTOR

Board

1 hrs/wk

EDWARD ROMA

DIRECTOR

Board

1 hrs/wk

DONALD M BERNHARD

CHAIRMAN

Board

1 hrs/wk

VICKY KISTLER

DIRECTOR

Board

1 hrs/wk

DARYL HENDRICKS

DIRECTOR

Board

1 hrs/wk

TIMOTHY J HOLT

DIRECTOR

Board

1 hrs/wk

DAN QUAY

DIRECTOR

Board

1 hrs/wk

JAMES K HARBAUGH

DIRECTOR

Board

1 hrs/wk

DAVID QUIER

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$10K
COMMUNITY & ECONOMIC DEVELOPMENT
2023
$8K
BUSINESS AND TECHNICAL ASSISTANCE
2023
$8K
BUSINESS AND TECHNICAL ASSISTANCE
2022
$3K
PROGRAM SUPPORT
2021
$5K
HEALTH & HUMAN SERVICES
2018

Funded by

$48K from 4 funders · 6 grants · 2018–2023

Ben Franklin Technology Partners Ne Pa

$15K · 2 grants · 2022–2023

Lehigh Valley Community Foundation

$10K · 1 grant · 2023

Ppl Foundation

$8K · 2 grants · 2018–2021

Details

EIN232101393
NTEE codeS43Z
Subsection03
Ruling date1981-10
Formed1979
Employees12
Volunteers13
ALLENTOWN ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo