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GKEDC Form 990 Page 1 For 2013 Through 2019
GKEDC Form 990 Page 1 For 2013 Through 2019
Name change 233005840
Initial return Doing business as
Final
return/terminated
E Telephone number
Amended return Number and street (or P.O. box if mail is not delivered to street address) Room/suite
Application pending 2147 PEN ARGYL ROAD PO BOX 4 (610) 8635898
City or town, state or province, country, and ZIP or foreign postal code
PEN ARGYL, PA 18072 G Gross receipts $ 1,645,591
Part I Summary
1 Briefly describe the organization’s mission or most significant activities:
Providing economic relief for poor & distressed local citizens
2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets.
3 Number of voting members of the governing body (Part VI, line 1a) . . . . . . . . 3 0
4 Number of independent voting members of the governing body (Part VI, line 1b) . . . . . 4 0
5 Total number of individuals employed in calendar year 2019 (Part V, line 2a) . . . . . . 5 0
6 Total number of volunteers (estimate if necessary) . . . . . . . . . . . . . 6 9
7a Total unrelated business revenue from Part VIII, column (C), line 12 . . . . . . . . 7a 0
b Net unrelated business taxable income from Form 990T, line 39 . . . . . . . . . 7b 0
Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) . . . . . . . . . 532,649
9 Program service revenue (Part VIII, line 2g) . . . . . . . . . 1,531,454 995,025
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) . . . . 31,120 40,486
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 78,752 77,431
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 1,641,326 1,645,591
Pen Argyl, PA 18072
May the IRS discuss this return with the preparer shown above? (see instructions) . . . . . . . . . . Yes No
For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11282Y Form 990 (2019)
294932570003 3 9
OMB No 1545-0047
t't Form 1990 Return of Organization Exempt From Income Tax ^O
Under section 501(c ), 527, or 4947(a)(1) of the Internal Revenue Code ( except private foundations) 2JSJ
^ Do not enter social security numbers on this form as it may be made public . Open
Department of the Treasury
internal Revenue Servi ce ^ Go to www. irs.gov /Form990 for instructions and the latest information. Ins p ecti o n
A For the 2018 calendar year , or tax year beginning , 2018, and ending , 20
B Check if applicable C Name of organization frjaEn Kni g ht Economic Develo p ment Cor p. D Employer identification number
N 20 Total assets (Part X, line 16) . . . . . . QGDEN , LIT 9, 362, 195. 8, 938, 167.
aD 21 Total liabilities (Part X, line 26) . . . . . . . . ^^ • . 5, 137, 572. 4,382,5 72 m
ZLL 22 Net assets or f d balances . Subtract line 21 from line 20 4,224, 623. 4, 555, 595.
k
Under penalties of perjury , ec re that I have examined this return, including accompanying schedules and statements , and to the best of my knowledge and belief, it is
true, correct , and comple D laration of pre a r (other than officer) is based on all information of which preparer has any knowledge
A For the 2016 calendar year, or tax year beginning , 2016, and ending
Check if applicable C Name oforganizaton D Employer identification number
B Green Kni g ht Economic Develo p ment Corp.
Address change Doing business as 23-3005840
Name change Number and street ( or P 0 box if mail is not delivered to street address ) Room /suite E Telephone number
0a Summary
1 Briefly describe the organization 's mission or most significant activities - - - Providing economic relief for poor & distressed local citizens
- - - --- --------
°' ---------------------------------------------------------------
U
C
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1 2 Check this box 1, if the oraanlzatlon discontinued its ooerations or dlsoosed of more than 25% of its net assets
n ------------------------------------------
3 Number of voting members of the governing body ( Part VI , line 1 a ) . . . . . . . . . . . . . . . . . . . . 3 0
°'d 4 Number of independent voting members of the governing body (Part VI, line 1 b) . . . . . . . . . . . . . . . 4 0
5 Total number of individuals employed in calendar year 2016 (Part V, line 2a) . 5
:? 6 Total number of volunteers (estimate if necessary ) . . . . . . . •_, 6 9
7a Total unrelated business revenue from Part VIII , colump-(E , hne 12 ). 7a 0.
b Net unrelated business taxable income from Form 990 7 , Iln_e`34 e• . . . . . . . . . .
C'^ 7b 0.
P tt ^ Prior Year Current Year
8 Contributions and grants ( Part VIII, line 1 h ) . . . . . . . . ...
9 Program service revenue (Part VIII, line 2g ) . . . . . 1,780, 388. 1, 415, 111 .
10 Investment income ( Part Vill , column (A), lines 3 , 4, and 7d ) • ^^^1 ^^ 18, 152. 16,650.
11 Other revenue ( Part VIII , column (A), lines 5 , 6d, 8c , 9c, 10 and= e}^ . . . . . 4-7, 348. 64,292.
12 Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12 ) . . . . . 1,845, 888. 1,496,053.
13 Grants and similar amounts paid (Part IX , column (A), lines 1 -3) . . . . . . . . . . . . . 28, 678. 21,991.
14 Benefits paid to or for members ( Part IX , column (A), line 4 ) . . . . . . . . . . . . . . . .
15 Salaries , other compensation , employee benefits ( Part IX , column (A), lines 5- 10) . . . . .
to 16a Professional fundraising fees ( Part IX , column (A), line 11e ) . . . . . . . . . . . . .
b Total fundraisin g ex p enses ( Part IX, column ( D), line 25 ) ^ `: -""r ^ ^^'" i ^ ' _''"^' Y "'
17 Other expenses ( Part IX, column (A), lines 11a - 11d, 11f-24e) . . . . . . . . . . . . . . 1, 232, 072. 1, 280, 069.
18 Total expenses Add lines 13- 17 (must equal Part IX , column (A), line 25) . . . . . . . . . 1,260, 750. 1,302,060.
19 Revenue less expenses Subtract line 18 from line 12 . . . . . . . . . . . . 585, 138. 193,993.
Beg inning of Current Year End of Year
tam 20 Total assets ( Part X , line 16 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7, 895, 548. 7, 414, 540.
21 Total liabilities ( Part X , line 26 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 876, 766. 3, 105,000.
= 22 Net assets or fund bat s Subtract line 21 from line 20 . . . . . . . . . . . . . . . . 4, 018,782. 4,309,540.
a t Signature Itst K
Under penalties of penury, I declare at I h ve examined this return, including accompanying schedules and statements , and to the best of my knowledge and belief , it is true, correct, and
complete Declaration of preparer her t n officer) is based oo 911 information of which preparer has any knowledge
A For the 2015 calendar year , or tax year beginning , 2015 , and ending
B Check if applicable C Name of organization Green Kni g ht Economic Develo p ment Corp. D Employer Identification number
Address change Doing business as 23-3005840
Name change Number and street (or P 0 box If mall Is not delivered to street address) Room/suite E Telephone number
Initial return 2147 Pen Ar l Road PO Box 4 (610) 863-5898
Final retumltemihiated - City or town, state or province , country, and ZIP or foreign postal code
Tax-exempt status
Pet er Albanese 45 N. Lehi g h Ave. Wind Ga
X 501(c)(3) 501(c) ( )' (insert no) 494'
PA 18 0 91
;1) or 527
H( b) Are all subordinates Included?
__If'No,' attach a list. (see Instructions)- H Yes
Yes
X No
No
Summa ry
1 Briefly describe the organization 's mission or most significant activities : - - Providing economic relief for poor t< distressed local citizens
a, ----------------------------------------- ----------- -----------
c
U
E
-------------------------------------- --- - - - - - - - -
2 Check this box
-------- - ^if the organization discontinued its operations or disposed of more than 25% of its net assets.
3 Number of voting members of the governing body ( Part VI , line la ) . . . . . . . . . . . . . . . . . . . . . 3 0
ed 4 Number of independent voting members of the governing body (Part VI, line 1 b ) . . . . . . . . . . . . . . . 4 0
°-' 5 Total number of individuals employed in calendar year 2015 (Part V, line 2a ) . . . . . . . . . . . . . . . . . 5
AM. 6 Total number of volunteers (estimate if necessary) . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 9
Q 7a Total unrelated business revenue from Part VIII , column ( C), line 12 . . . . . . . . . . . . . . . . . . . . . 7a 0.
b Net unrelated business taxable income from Form 990 -T, line 34 . . . . . . . . . . . . . . . . . . . . 7b 0.
Prior Year C urrent Year
8 Contributions and grants (Part VIII, line 1 h ) . . . . . . . . . . . . . . . . . . . . . . . .
9 Program service revenue (Part VIII, line 2g ) . . . . . . . . . . . . . . . . . . . . . . . . 1 812 , 4 8 0 . 1,780,388.
M. 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) . . . . . . . . . . . . . . . 2,419. 18, 152 .
11 Other revenue ( Part VIII , column (A), lines 5 , 6d, 8c , 9c, 10c, and 11 e ) . - . . . . . . . . 47 , 348.
12 Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12 ) . . . . . 1 , 824,899. 1,845,888.
13 Grants and similar amounts paid (Part IX, column (A), lines 1 -3) . . . . . . . . . . . . . . 31,806. 28,678.
14 Benefits paid to or for members ( Part IX , column (A), line 4 ) . . . . . . . . . . . . . . . .
15 Salaries , other compensation , employee benefits ( Part IX , column (A), lines 5- 10) . . . . .
0) 16a Professional fundraising fees ( Part IX , column (A), tine 1le ) . . . . . . . . . . . . . . . .
C b Total fundraising expenses ( Part IX , column ( D), line 25) 1, 0.
17 Other expenses ( Part IX , column (A), lines 11a- 11d, 11f-24e) . . . . . . . . . . . . . . 1, 073, 178. 1,232,072.
18 Total expenses . Add lines 13- 17 (must equal Part IX, column (A), line 25) . . . . . . . . . 1 , 10 4 , 9 8 4 . 1,260,750.
19 Revenue less expenses . Subtract line 18 from line 12 . . . . . . . . . . . . . . . . . . 719, 915. 585,138.
Be innln of Current Year End of Year
^$ 20 Total assets ( Part X , line 16 ) . ^L^•,_(^^ . . . . . . . . . . 7, 853, 630. 7, 895, 548 .
^ 21 Total liabilities ( Part X , line 26 ). . . . . . .-. . . . . . . . . . . . Jl 4,420,000. 3,876,766.
z 5 22 Net assets or fund balances . Subtract line 2,1 from line 0 . 01
f^ . . . . . . . . 3,433,630. 4, 18,782.
Si g nature B ck i to
Under penalties of perjury. I declar 4hat I have examined this return and to the best of my knowledge and belief, It Is true, correct, and
omplete Declaration of preparer/other1than officer) is based on all
b gnyure or officer ^ ^ -
a ign
Here Peter Albanese
Type or print name and title
Tax-exempt status
F Name and address of principal officer
Summa ry
1 Briefly describe the organization 's mission or most significant activities
Providing economic relief for poor & di stressed local citizens
---- --------- -- -----------
U ----------------------------------------- ----------- -----------
- e - . x- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
0 2 Check
h -k this box if the organization discontinued its operations or disposed of more than 25% of its
net assets
3 Number of voting members of the governing body (Part VI, line 1a ) . . . . . . . . . . . . . . . . . . . .
. . 3 0
06 4 Number of independent voting members of the governing body (Part VI , line 1 b ) . . . . . . . . . . . . .
. 4 0
D 5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) . . . . . . . . . . . . .
. . . 5
.a 6 Total number of volunteers (estimate if necessary ) . . . . . . • . 6 9
7a Total unrelated business revenue from Part VIII, column (C), line 12 . . . . . . . - . . . . . . . 7a 0.
b Net unrelated business taxable income from Form 990-T, line - • • • • • • • . • 7b 0.
Prior Year Current Year
8 Contributions and grants (Part VIII, line 1 h ) . . . . . . . . . ^ pp q. i^glc . 0
9 Program service revenue (Part VIII, line 2g ) • • • . • . . . o• U 1141 U• U U^J 1,890, 986. 1,612,480.
m 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) - 6, 482. 12,419.
IM 11 Other revenue (Part Vlll, column (A), lines 5 , 6d, 8c , 9c, 1Oc, d 11e DGDEN., .UT . . 0.
12 Total revenue - add lines 8 through 1 1 (must equal Part VIII, • • • • • 1 , 897 , 4 68 . 1,824,899.
13 Grants and similar amounts paid (Part IX , column (A), lines 1-3) . . . . . . . . . . . . . . 40,568. 31,806.
14 Benefits paid to or for members (Part IX, column (A), line 4 ) . . . . . . . . . . . . . . . .
15 Salaries , other compensation , employee benefits (Part IX , column (A), lines 5-10) . . . . .
to 16a Professional fundraising fees (Part IX, column (A), line 11e ) . . . . . . . . . . . . . . . .
C b Total fundraising expenses (Part IX , column (D), line 25) ^ 0,
17 Otherexpenses (Part IX, column (A), lines 11a-11d, llf-24e) . . . . . . . . . . . . . . . . 1, 076, 033. 1,073,178.
18 Total expenses . Add lines 13- 17 (must equal Part IX, column (A), line 25) . . . . . . . . . 1,116, 601. 1 , 104, 984 .
19 Revenue less expenses Subtract line 18 from line 12 . . . . . . . . . . . . . . . . . . . 780, 867 . 719, 915.
E8 Beg i nn i ng of Current Year End of Year
t^ m 20 Total assets (Part X, line 16 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 , 548 , 489 . 7,853,630.
rn 21 Total liabilities (Part X , line 26 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5, 025 000. 4 , 420,000.
22 Net assets or fund balances Subtract line 21 from line 20 . . . . . . . . . . . . . . . . 2 523 , 4 8 9 . 3 , 433,630.
m M OEN Si g nature BI k
Under penalties of perjury, I declare at I/iave examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and
complete Declaration of preparer therAan officer) is based 9n all information of which preparer has any knowledge
I
Application pending
Tax-exempt status
F Name and address of principal officer
Part) ` ` Summary
1 ' Briefly describe the organization 's mission or most significant activities : Providing economic relief for poor & distressed local citizens
---- --------- -------------
d' ---------------------------------------------------------------
?^J C
2 Check this how 1, I I If the oraanlzatlon discontinued Its ooeratlons or dlsoosed of more than 25% of its net assets
3 Number of voting members of the governing body (Part VI, line 1a ) . . . . . . . . . . . . . . . . . . . . 3 0
Ca 4 Number of independent voting members of the governing body (Part VI, line 1 b ) . . . . . . . . . . . . . 4 0
JUy 5 Total number of individuals employed in calendar year 2013 (Part V, line 2a ) . . . . . . . . . . . . . . . . 5
6 Total number of volunteers (estimate if necessary ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 9
7a Total unrelated business revenue from Part VIII, column (C), line 12 7a 0.
C b Net unrelated business taxable income from Form 99 71b
I- It L v
Re V Prior Year Current Year
8 Contributions and grants (Part VIII , line 1 h ) -.-^ - - N
9 Program service revenue (Part VIII, line 2g ) ., . ^ ^. ^• MA. •N 1, 363, 491. 1, 890, 986.
10 Investment Income (Part VIII, column (A), lines 3 + and 25,765. 6,482.
- 11 Other revenue (PartVIII, column (A), lines 5 , 6d, 8c 9c, 1 0 c , aO d 11 e) • • 0. 0.
12 Total revenue - add lines 8 through 11 (must eqL l Parc,Vl , , ), ^2) 1, 389, 256. 1, 897 468.
13 Grants and similar amounts paid (Part IX , column A), lines - • • • • • • • • • • • 1, 287, 000. 40, 568.
14 Benefits paid to or for members ( Part IX , column (Arline 4) . . . . . . . . . . . . . . . .
15 Salaries , other compensation , employee benefits (Part IX, column (A), lines 5-10) . . . . .
w 16a Professional fundraising fees (Part IX, column (A), line 11e ) . . . . . . . . . . . . . . . .
o b Total fundraising expenses (Part IX, column (D), line 25 ) ^ 0.
17 Otherexpenses (Part IX, column (A), lines 11a- 11d, 11f-24e) . . . . . . . . . . . . . . . 1, 369, 076. 1, 076, 033.
18 Total expenses Add lines 13 - 17 (must equal Part IX , column (A), line 25 ) . . . . . . . . 2, 656, 076. 1,116, 601.
19 Revenue less expenses . Subtract line 18 from line 12 . . . . . . . . . . . . . . . . . . . -1,266,820. 780, 867.
eg Beginning of Current Year End of Year
20 Total assets (Part X, line 16 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7, 342, 622. 7,548, 489.
5 21 Total liabilities (Part X, line 26 ) .. . .. ... ............ .. . .... .. 5, 600, 000. 5,025,000.
Zu. 22 Net assets or fund balances Subtract line 21 from line 20 . . . . • • • • • • • • . • • • • 1, 742,622. 2,523,489.
IF-MMSignature Block
Under penalties of perjury, I declare'($t I have examined this return, Including accompanying schedules and statements, and to the best of my knowledge and belief, it Is true, correct, and
complete Declaration of preparey(otper than officer) is based on all information of which preparer has any knowledge.