2024-10-29T09:57:45-05:00 2024-06-30 232226550 MCGRAIL MERKEL QUINN & ASSOCIATES PC 1173 CLAY AVENUE SCRANTON PA 18510 990 2023-07-01 232038420 METROACTION INC METR 5703427711 222 MULBERRY STREET SCRANTON PA 18503 ROBERT F DURKIN SECRETARY 5703427711 2024-10-17 1 1 STEPHANIE MIHAL CPA P01250896 5709610345 2024-10-17 2023 2024-10-15 13:58:12Z ROBERT F DURKIN 222 MULBERRY STREET SCRANTON PA 18503 186008 0 X METROACTION.ORG X 1977 PA METROACTION, INC. ("METROACTION") IS A NOT-FOR-PROFIT CORPORATION AND SERVES AS THE GREATER SCRANTON CHAMBER OF COMMERCE'S BUSINESS DEVELOPMENT ARM. METROACTION IS ALSO AN INTERMEDIARY AND RESOURCE CENTER FOR SEVERAL SMALL BUSINESS FINANCING PROGRAMS. 25 25 0 0 0 0 115469 30000 57357 70654 59837 54543 0 0 232663 155197 0 0 0 0 0 0 0 0 3357 170147 224026 170147 224026 62516 -68829 6631442 6509234 4873653 4796336 1757789 1712898 METROACTION, INC. ("METROACTION") IS A NOT-FOR-PROFIT CORPORATION AND SERVES AS THE GREATER SCRANTON CHAMBER OF COMMERCE'S BUSINESS DEVELOPMENT ARM. METROACTION IS ALSO AN INTERMEDIARY AND RESOURCE CENTER FOR SEVERAL SMALL BUSINESS FINANCING PROGRAMS. 0 0 191740 100764 METROACTION, INC. ("METROACTION") IS A NOT-FOR-PROFIT CORPORATION AND SERVES AS THE GREATER SCRANTON CHAMBER OF COMMERCE'S BUSINESS DEVELOPMENT ARM. METROACTION IS ALSO AN INTERMEDIARY AND RESOURCE CENTER FOR SEVERAL SMALL BUSINESS FINANCING PROGRAMS. DURING FISCAL YEAR ENDED JUNE 30, 2024, THE ORGANIZATION AIDED COMMUNITY BUSINESSES WITH THE FOLLOWING LOAN PROGRAMS: 8 NEW LOANS FROM THE SMALL BUSINESS LOAN PROGRAM TOTALLING $557,000, RETAINING OR CREATING 95 JOBS; 17 NEW LOANS FROM THE LUZERNE COUNTY LOAN PROGRAM TOTALING $953,000, RETAINING OR CREATING 85 JOBS; 7 NEW LOANS FROM THE LACKWANNA COUNTY COVID RECOVERY LOAN PROGRAM TOTALLING $175,000, RETAINING OR CREATING 30 JOBS; AND 7 NEW LOANS FROM THE SMALL BUSINESS GROWTH PROGRAM TOTALING $169,000, RETAINING OR CREATING 37 JOBS. 191740 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X JAMES F COLEMAN VICE PRESIDENT OF 5703427711 222 MULBERRY STREET SCRANTON PA 18503 X CHRISSY MANUEL PRESIDENT 1.00 X X 0 0 0 RAYMOND CECCOTTI VICE PRESIDENT 1.00 X X 0 0 0 JULIE SCHUMACHER COHEN VICE PRESIDENT 1.00 X X 0 0 0 NATALIE O'HARA VICE PRESIDENT 1.00 X X 0 0 0 JOSEPH BONSICK TREASURER 1.00 X X 0 0 0 ROBERT F DURKIN SECRETARY 1.00 X X 0 0 0 PHILIP P CONDRON ASSISTANT SECRETARY 1.00 X X 0 0 0 MATTHEW COLGAN ASSISTANT TREASURER 1.00 X X 0 0 0 MATTHEW BICKERT DIRECTOR 1.00 X 0 0 0 EILEEN CIPRIANI DIRECTOR 1.00 X 0 0 0 ALAN DAKEY DIRECTOR 1.00 X 0 0 0 LEIGH FENNIE DIRECTOR 1.00 X 0 0 0 CATHERINE FOX DIRECTOR 1.00 X 0 0 0 MATTHEW KNOWLES DIRECTOR 1.00 X 0 0 0 TIMOTHY MALONEY ESQ DIRECTOR 1.00 X 0 0 0 NICO MAKUTA DIRECTOR 1.00 X 0 0 0 TIMOTHY MCGRATH DIRECTOR 1.00 X 0 0 0 MICHELLE MIKITISH DIRECTOR 1.00 X 0 0 0 ALEX MOLFETAS DIRECTOR 1.00 X 0 0 0 MEEGAN POSSEMATO DIRECTOR 1.00 X 0 0 0 SHANE POWERS DIRECTOR 1.00 X 0 0 0 BILL RINALDI DIRECTOR 1.00 X 0 0 0 LUCY SINGER DIRECTOR 1.00 X 0 0 0 JILL VALENTINI DIRECTOR 1.00 X 0 0 0 TALIA WALSH DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 30000 30000 MICROLOAN ADMINISTRATI 561000 69279 69279 MICROLOAN RECOVERIES 561000 1375 1375 70654 55630 55630 29724 30811 -1087 -1087 -1087 155197 70654 0 54543 487 487 3700 3700 787 787 1495 1495 327 327 12043 12043 ADMINISTRATIVE FEES 130844 114059 13428 3357 PROVISION FOR BAD DEBT 43184 43184 LOAN ADMINISTRATION FEE 14861 14861 PROGRAM EXPENSES 7058 7058 9240 535 8705 224026 191740 28929 3357 336611 456422 2748069 2065411 3379216 3789012 3349 337 8478 8478 0 0 154109 184499 10088 13553 6631442 6509234 47735 59235 4325918 4237101 500000 500000 4873653 4796336 X 1534848 1687392 222941 25506 1757789 1712898 6631442 6509234 -68829 23938 0 X X 0 1 X 1 0 X 148655 3344472 322941 90469 30000 3936537 148655 3344472 322941 90469 30000 3936537 0 0 0 3936537 4571 3752 4949 4668 4627 22567 4571 3752 4949 4668 4627 22567 104277 85140 74098 114356 123032 500903 257503 3433364 401988 209493 157659 4460007 0.88260 0.88160 0.00510 0.00520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8478 8478 0 0 NOTE PAYABLE -AFFILIATE 500000 500000 X 178348 23938 23938 154410 787 787 155197 223239 0 223239 787 787 224026 PART X, LINE 2: IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2021. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE BOARD AT A FORMAL BOARD MEETING ON OCTOBER 4, 2024, AT WHICH TIME THE BOARD VOTED AND APPROVED THE 990 FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN AND DISCLOSE ANNUAL CONFLICTS OF INTEREST. DOCUMENTS ARE REVIEWED BY THE VETTING COMMITTEE OF THE BOARD OF DIRECTORS TO DETERMINE ANY SIGNIFICANT CONFLICTS. ALL CONFLICTS ARE DISCLOSED TO THE FULL BOARD FOR REVIEW AND COMMENT. ANY POTENTIAL QUESTIONABLE RELATIONSHIPS ARE FURTHER INVESTIGATED AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT PROCESS OF THE AUDITED FINANCIAL STATEMENTS DURING THE TAX YEAR. LEADERSHIP LACKAWANNA 222 MULBERRY STREET SCRANTON PA 18503 222686540 PA 501(C)(3) N/A 0 SCRANTON LACK INDUSTRIAL BLDG CO 222 MULBERRY STREET SCRANTON PA 18503 236298311 PA 501(C)(4) N/A 0 SCRANTON CHAMBER OF COMMERCE 222 MULBERRY STREET SCRANTON PA 18503 240716460 PA 501(C)(6) N/A 0 SLIBCO UTILITIES 222 MULBERRY STREET SCRANTON PA 18503 232815948 PA 501(C)(2) N/A 0 LACKAWANNA INDUSTRIAL FUND ENTERPRISES (LIFE) 222 MULBERRY STREET SCRANTON PA 18503 246018088 PA 501(C)(4) N/A 0 SKILLS IN SCRANTON BUSINESS EDUCATION 222 MULBERRY STREET SCRANTON PA 18503 262616020 PA 501(C)(3) N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 SCRANTON CHAMBER OF COMMERCE P 130844 LACKAWANNA INDUSTRIAL FUND ENTERPRISES (LIFE) E 500000