NonprofitsFay-Penn Economic Development Corporation

Community Improvement & Capacity Building

Fay-Penn Economic Development Corporation

LEMONT FRNC, PA

Total revenue

$6.4M

Total expenses

$4.1M

Net assets

$48.8M

Grants received

$24K

2 grants

EIN

251649514

Tax year

2024

Mission

Fay-penn economic development council assists in growing and diversifying the economy in fayette county, pennsylvania. Fay-penn's ultimate objective is to sustain a supportive environment for business start-up, expansion, and attraction. Intended targets of this approach include:-- retaining and growing existing businesses-- adding new businesses-- creating and retaining jobs-- developing the workforce-- generating private and public business investment-- enhancing quality of life amenities and services

Financials

FY 2024

Revenue

Contributions & grants$693K
Program service revenue$5.3M
Investment income$305K
Other revenue$31K
Total revenue$6.4M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising$21K
Other expenses$2.8M
Total expenses$4.1M
Total assets$65.8M
Net assets$48.8M

People

28 listed

NameRoleCompensation

LAURA KURTZ KUHNS

EXECUTIVE DIRECTOR THRU 10/21/24

Board

$112K

40 hrs/wk

MELONY REED

CFO THRU 10/16/24

Board

$104K

0.5 hrs/wk

JAMES GRAY

DIRECTOR THRU 7/31/24

Board

$97K

40 hrs/wk

TIMOTHY FLECKER

EXECUTIVE DIRECTOR AS OF 10/22/24

Board

$23K

0.5 hrs/wk

JAMES FOUTZ

BOARD MEMBER THRU 1/1/24

Board

0.5 hrs/wk

MICHAEL GEORGE

DIRECTOR

Board

0.5 hrs/wk

C J CALLAHAN

TREASURER

Board

0.5 hrs/wk

DAN GEARING

BOARD CHAIR

Board

0.5 hrs/wk

MAX HOUSE

DIRECTOR

Board

0.5 hrs/wk

LAWRENCE J KIEFER

BOARD MEMBER

Board

0.5 hrs/wk

STEPHEN M NEUBAUER

BOARD MEMBER THRU 1/1/24

Board

0.5 hrs/wk

GREGORY A PARSONS

BOARD MEMBER THRU 1/1/24

Board

0.5 hrs/wk

RUSTY SMALLEY JR

DIRECTOR

Board

0.5 hrs/wk

DEBORAH FOX

DIRECTOR

Board

0.5 hrs/wk

ED BALLING

DIRECTOR

Board

0.5 hrs/wk

JAMES STARK

DIRECTOR

Board

0.5 hrs/wk

TED STILGENBAUR

DIRECTOR

Board

0.5 hrs/wk

JAMES NICOLA

DIRECTOR

Board

0.5 hrs/wk

DEVAN WHITE

SECRETARY

Board

0.5 hrs/wk

SHANE GANNON

INTERIM DIRECTOR AS OF NOV., 2024

Board

0.5 hrs/wk

BRET SWANEY

DIRECTOR AS OF 1/1/24

Board

0.5 hrs/wk

ANDREW ERJAVEK

DIRECTOR AS OF 1/1/24

Board

0.5 hrs/wk

BILL JACKSON

DIRECTOR AS OF 1/1/24

Board

0.5 hrs/wk

STEVE SMOLENSKI

DIRECTOR AS OF 1/1/24

Board

0.5 hrs/wk

JUDY LYNN-CRAIG

DIRECTOR

Board

0.5 hrs/wk

WILLIAM B BLANEY

ASSISTANT TREASURER THRU 1/1/24

Board

0.5 hrs/wk

TODD CASTEEL

2ND VICE CHAIRMAN

Board

0.5 hrs/wk

MARK FIKE

CHAIRMAN THRU 1/1/24

Board

0.5 hrs/wk

Independent contractors

FAIRCHANCE CONSTRUCTION

CONSTRUCTION

$4.5M

KR CONSTRUCTION LLC

CONSTRUCTION

$395K

SLEIGHTER ENGINEERING

ENGINEERING

$182K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$4K
CORPORATE DONATION
2022
$20K
REAL ESTATE PRE-DEVELOPMENT
2017

Funded by

$24K from 2 funders · 2 grants · 2017–2022

Bridgeway Capital Inc

$20K · 1 grant · 2017

Nisource Charitable Foundation

$4K · 1 grant · 2022

Details

EIN251649514
NTEE codeS30Z
Subsection03
Ruling date1992-05
Formed1991
Employees13
Volunteers20
FAY-PENN ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo