Nonprofit · EIN 02-0707982
VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SHARON, PA 16146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $447,094 | $367,204 | $79,890 | $8,102,261 | $7,687,286 | $414,975 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $122,527
- of which government grants
- $122,527
- Program service revenue
- $314,689
- Investment income
- $9,878
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,640
- Accounting fees
- $1,485
- Occupancy
- $36,772
- Travel
- $1,323
- Depreciation
- $44,864
- Program services (functional)
- $367,204
Balance sheet and other
- Total assets, start of year
- $7,917,632
- Total assets, end of year
- $8,102,261
- Total liabilities, end of year
- $7,687,286
- Net assets, end of year
- $414,975
- Land, buildings and equipment
- $7,105,841
- Gross receipts
- $447,094
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2003
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLANCY ATKINSON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CHARLES MILLER | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 |
| AMY ATKINSON | DIRECTOR Trustee or director | 1 | $0 |
| BRAD MANTZELL | DIRECTOR Trustee or director | 1 | $0 |
| FRANK GARGIULO | DIRECTOR Trustee or director | 1 | $0 |
| LISA DACH | DIRECTOR Trustee or director | 1 | $0 |
| JOHN KETTERING | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 32 W STATE ST, SHARON, PA 16146-1302
- In care of
- % ROBERT G LIPTAK
- Principal officer (990 for 2024)
- CHARLES MILLER, 32 W STATE ST, SHARON, PA 16146
- Signed the 990
- CHARLES MILLER, CFO
- Phone
- (724) 981-1152
- Return prepared by
- HILL BARTH & KING LLC
Mission
ITS PURPOSE IS TO LEASE SPACE TO COMPANIES IN SHARON, PA TO HELP CREATE JOBS IN A DEPRESSED AREA.
Program accomplishments
- LEASING SPACE TO COMPANIES IN SHARON, PA TO HELP CREATE JOBS IN A DEPRESSED AREAExpenses $367,204 · revenue $314,689
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0707982
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $8,102,261
- Income (IRS master file)
- $447,094
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $863,434 | $663,842 | $7,917,632 | IRS |
| 990 | December 2022 | $799,319 | $390,348 | $6,251,673 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION is 02-0707982.
- Is VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names CHARLES MILLER.
- Who are the officers and directors of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $447,094, expenses of $367,204 and total assets of $8,102,261 at year end.
Other nonprofits in SHARON
- SHENANGO VALLEY ENTERPRISE ZONE CORPORATION EIN 25-1869115 · last filed 990 for 2025
- SHARON COMMUNITY DEVELOPMENT CORPORATION EIN 88-1711767 · last filed 990 for 2025
- SHENANGO VALLEY PRIDE PICNIC EIN 93-2689904 · last filed 990-N for 2025
- PRIMARY HEALTH NETWORK EIN 25-1381800 · last filed 990 for 2025
- COMMUNITY FOUNDATION OF WESTERN PENNSYLVANIA AND EASTERN OHIO EIN 25-1407396 · last filed 990 for 2024
- COMMUNITY ACTION PARTNERSHIP OF MERCER COUNTY EIN 25-1157381 · last filed 990 for 2025
- WEST CENTRAL JOB PARTNERSHIP EIN 25-1532141 · last filed 990 for 2025
- ASSOCIATES IN COUNSELING AND CHILD GUIDANCE EIN 25-1822655 · last filed 990 for 2024
All nonprofits in SHARON · Pennsylvania · Community improvement and capacity building