2025-07-21T09:44:56-05:00 2024-12-31 231518888 MAILLIE LLP 500 NORTH LEWIS RD LIMERICK PA 19468 990 2024-01-01 231878840 POTTSTOWN AREA INDUSTRIAL DEVELOPMENT INC POTT 6103262900 1200 E HIGH ST 304 POTTSTOWN PA 19464 JOHN BOWN III TREASURER 6103262900 2025-07-03 1 0 WILLIAM BRESLAWSKI JR CPA P01437547 6109351420 2024 2025-03-06 01:10:19Z JOHN BOWN III 1200 E HIGH ST 304 POTTSTOWN PA 19464 756620 0 X IPICKPOTTSTOWN.ORG X 1965 PA PAID'S MISSION IS TO DEVELOP, COORDINATE AND IMPLEMENT AN OVERALL ECONOMIC DEVELOPMENT STRATEGY FOR THE BOROUGH OF POTTSTOWN DESIGNED TO STIMULATE INVESTMENT WHICH WILL MAINTAIN AND ENHANCE THE TAX BASE; RETAIN AND CREATE JOB OPPORTUNITIES; AND RESTORE AND UTILIZE OR REMOVE UNDER-UTILIZED BUILDINGS. 16 15 3 15 0 0 544944 732332 10936 24107 892 181 0 0 556772 756620 0 0 0 0 246299 299957 0 0 0 278470 224889 524769 524846 32003 231774 118553 354223 26014 29910 92539 324313 THE PURPOSE OF THIS ORGANIZATION IS TO HELP DEVELOP, PROMOTE, ENCOURAGE AND PROTECT THE ECONOMIC WELFARE OF THE GREATER POTTSTOWN AREA OF MONTGOMERY COUNTY, PENNSYLVANIA 0 0 450739 24107 THE PURPOSE OF CORPORATION IS TO PROMOTE ECONOMIC INVESTMENT AND DEVELOPMENT IN THE BOROUGH OF POTTSTOWN. 450739 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 0 1 4 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 PA X PEGGY LEE-CLARK EXECUTIVE DIRECTOR 6103262900 1200 E HIGH STREET SUITE 304 POTTSTOWN PA 19464 MARGARET LEE-CLARK EXECUTIVE DIR/ SECRETARY 40.00 X X 108131 0 12688 STEPHEN RODRIGUEZ PRESIDENT 1.00 X X 0 0 0 ALIYAH STRANGER VICE PRESIDENT 1.00 X X 0 0 0 EILEEN DAUTRICH TREASURER 1.00 X X 0 0 0 JUSTIN KELLER BOARD MEMBER 1.00 X 0 0 0 RICHARD MCLAUGLIN START 924 BOARD MEMBER 1.00 X 0 0 0 JOHN JONES BOARD MEMBER 1.00 X 0 0 0 DAVID HEFFNER BOARD MEMBER 1.00 X 0 0 0 RICHARD NEWELL UNTIL 424 BOARD MEMBER 1.00 X 0 0 0 DAVE KRAYBILL BOARD MEMBER 1.00 X 0 0 0 RICK WOOD BOARD MEMBER 1.00 X 0 0 0 JOHN A BOWN III BOARD MEMBER 1.00 X 0 0 0 JON COHN BOARD MEMBER 1.00 X 0 0 0 DANIEL GLENNON BOARD MEMBER 1.00 X 0 0 0 CELESTE SCHWARTZ BOARD MEMBER 1.00 X 0 0 0 LOUIS RIEGER BOARD MEMBER 1.00 X 0 0 0 108131 0 12688 1 0 0 0 0 462062 270270 732332 FEES FOR SERVICE 900099 24107 24107 24107 181 181 756620 24107 0 181 X 120819 120819 139109 139109 20965 20965 19064 19064 2281 2281 16312 16312 113056 59922 53134 61434 61434 11370 11370 752 752 6054 6054 1250 1250 2380 2380 GRANT EXPENSES 10000 10000 524846 450739 74107 0 39346 311178 32017 7 903 903 0 0 47190 43038 118553 354223 26014 29910 26014 29910 X -43515 -34346 136054 358659 92539 324313 118553 354223 231774 0 X X 0 1 X 1 0 X 227133 399314 281628 544944 732332 2185351 227133 399314 281628 544944 732332 2185351 46229 2139122 1400 28 18 892 181 2519 2187870 149951 0.97770 0.98060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 903 903 0 0 DUE FROM AFFILIATES 43038 43038 DUE TO BOROUGH OF POTTSTOWN 26014 DUE TO AFFILIATES 3896 29910 X 756620 0 756620 0 756620 524846 0 524846 0 524846 PART X, LINE 2: AS OF JULY 14, 1982, THE ORGANIZATION WAS NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3), AND ITS ACTIVITIES DO NOT RESULT IN ANY MATERIAL INCOME TAX LIABILITY. IN ACCORDANCE WITH FASB ASC STANDARDS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION IS REQUIRED TO RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A POSITION IF IT IS MOST LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION HAS NO CERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART IX, LINE 11G ADMINISTRATIVE FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 51,262. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,262. PROJECT EXPENSES: PROGRAM SERVICE EXPENSES 59,922. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,922. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 147. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 147. TAXES & LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150. BANK AND CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,575. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,575. FORM 990, PART XI, LINE 3C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.