NonprofitsBethlehem Economic Development Corp

Bethlehem Economic Development Corp

BETHLEHEM, PA

Total revenue

$1.0M

Total expenses

$749K

Net assets

$1.2M

Grants received

$2.5M

14 grants

EIN

232211627

Tax year

2024

Mission

The corporation is incorporated under the non-profit corporation law of the commonwealth of pennsylvania for the following purpose or purposes: - to promote the economic development of the city of bethlehem and promote and assist the growth and development of all business concerns, including small business concerns, in the said area, with an emphasis on promoting the development of manufacturing, industrial, research and development enterprises; - to coordinate a unified downtown organization and retail strategy; and - 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 planning, replanning, development, renewal , redevelopment and improvement of business in the city of bethlehem, lehigh and northampton counties, pennsylvania, all for the primary purpose of combat

Programs

1 program

To provide affordable rental spaces to small businesses and to continue to serve and attract small companies within the technology industry to the city of bethlehem.

Expenses: $251

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$975K
Investment income$44K
Other revenue
Total revenue$1.0M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$749K
Total expenses$749K
Total assets$2.6M
Net assets$1.2M

People

8 listed

NameRoleCompensation

LAURA COLLINS

SECRETARY

Board

1 hrs/wk

MICHAEL COLON

DIRECTOR

Board

1 hrs/wk

DON CUNNINGHAM

VICE PRESIDE

Board

1 hrs/wk

ED DOUGHERTY

DIRECTOR

Board

1 hrs/wk

ERIC EVANS

TREASURER

Board

1 hrs/wk

BRETT LUDWIG

DIRECTOR

Board

1 hrs/wk

MAYOR J WILLIAM REYNOLDS

PRESIDENT

Board

1 hrs/wk

SEAN ZILLER

EXECUTIVE DI

Board

1 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$407K
2023
$11K
PROGRAM SUPPORT
2023
$351K
2022
$16K
PROGRAM SUPPORT
2022
$295K
2021
$348K
2020
$320K
2019
$15K
PROGRAM SUPPORT
2019
$5K
KEYSTONE INNOVATION ZONE PRIMARY PARTNERSHIP
2019
$365K
2018
$5K
EDUCATION
2018
$5K
KEYSTONE INNOVATION ZONE PRIMARY PARTNERSHIP
2018
$314K
2017
$10K
COMMUNITY DEVELOPMENT
2017

Funded by

$2.5M from 5 funders · 14 grants · 2017–2023

Lehigh University

$2.4M · 7 grants · 2017–2023

St Luke's Hospital Of Bethlehem Pa

$42K · 3 grants · 2019–2023

Lehigh Valley Community Foundation

$10K · 1 grant · 2017

Lehigh Valley Economic

$10K · 2 grants · 2018–2019

Ppl Foundation

$5K · 1 grant · 2018

Details

EIN232211627
Subsection03
Ruling date1985-02
Formed1982
Employees2
BETHLEHEM ECONOMIC DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo