Nonprofit · EIN 22-2490679
SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA
Tax-exempt · EXTON, PA 19341
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,087,434 | $1,749,656 | $337,778 | $4,343,347 | $988,818 | $3,354,529 |
| September 30, 2024 | 990 | $1,780,742 | $1,671,646 | $109,096 | $4,236,846 | $1,220,095 | $3,016,751 |
| September 30, 2023 | 990 | $1,638,016 | $1,655,399 | -$17,383 | $4,280,310 | $1,325,155 | $2,955,155 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,754,742
- Investment income
- $332,692
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $141,250
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,250
- Accounting fees
- $26,636
- Occupancy
- $3,310
- Travel
- $26,093
- Depreciation
- $1,574
Balance sheet and other
- Total assets, start of year
- $4,236,846
- Total assets, end of year
- $4,343,347
- Total liabilities, end of year
- $988,818
- Net assets, end of year
- $3,354,529
- Land, buildings and equipment
- $4,148
- Net assets without donor restrictions
- $1,123,082
- Net assets with donor restrictions
- $2,231,447
- Gross receipts
- $2,087,434
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1983
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY SMITH | EXECUTIVE DIRECTOR Officer | 5 | $0 | $205,468 | $31,387 |
| MICHAEL GRIGALONIS | COO/ASSISTANT DIRECTOR Officer | 8 | $0 | $186,266 | $29,237 |
| SHERWOOD ROBBINS | MANAGING DIRECTOR Officer | 40 | $0 | $164,090 | $22,900 |
| JIM HAMMOND | CFO Officer | 8 | $0 | $103,020 | $29,237 |
| CRAIG S STYER ESQ | DIRECTOR EMERITUS Trustee or director | 1 | $0 | $0 | $0 |
| BILL STEDMAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL HANKIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| R LORRAINE BERNOSTSKY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY GRIER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JON SWEARER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BILL BOGLE | HONORARY DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ROGER HUGGINS | HONORARY DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARIAN D MOSKOWITZ | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 | $0 | $0 |
| EDWIN BROWNLEY | HONORARY DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| NANCY R CORSON | HONORARY DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT F FISCHER | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| LOUIS B KUPPERMAN | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| CONRAD M OLIE | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| JIM READING | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL BRAY | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| LISA DONNON | DIRECTOR Trustee or director | 0.5 | $0 |
| PHILIP EARLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| RITCHIE FRANCIA | DIRECTOR Trustee or director | 0.5 | $0 |
| TIM JEFFERIS | DIRECTOR Trustee or director | 0.5 | $0 |
| ALIXANDRA OBENSKI | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD STIEBRITZ JR | DIRECTOR Trustee or director | 0.5 | $0 |
| ALYSON ZARRO | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended September 30, 2024: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL STEDMAN | CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL HANKIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| LORRAINE R BERNOTSKY | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL BRAY | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARK COHEN | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA DONNON | DIRECTOR Trustee or director | 0.5 | $0 |
| PHILIP EARLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| HOLLY GRAVER | DIRECTOR Trustee or director | 0.5 | $0 |
| TERRY GRIER | DIRECTOR Trustee or director | 0.5 | $0 |
| BETSY NIEDZIEJKO | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD JR STIEBRITZ | DIRECTOR Trustee or director | 0.5 | $0 |
| JON SWEARER | DIRECTOR Trustee or director | 0.5 | $0 |
| ALYSON ZARRO | DIRECTOR Trustee or director | 0.5 | $0 |
| BILL BOGLE | HONARY DIRECTOR Trustee or director | 0.5 | $0 |
| EDWIN BROWNLEY | HONARY DIRECTOR Trustee or director | 0.5 | $0 |
| NANCY R CORSON | HONARY DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT F FISCHER | HONARY DIRECTOR Trustee or director | 0.5 | $0 |
| ROGER HUGGINS | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| LOUIS B KUPPERMAN | HONARY DIRECTOR Trustee or director | 0.5 | $0 |
| MARIAN D MOSKOWITZ | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| CONRAD M OLIE | HONARY DIRECTOR Trustee or director | 0.5 | $0 |
| JIM READING | HONARY DIRECTOR Trustee or director | 0.5 | $0 |
| CRAIG STYER | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| GARY SMITH | EXECUTIVE DIRECTOR Officer | 5 | $0 |
| SHERWOOD ROBBINS | MANAGING DIRECTOR Officer | 40 | $0 |
| MICHAEL GRIGALONIS | COO/ASSISTANT DIRECTOR Officer | 8 | $0 |
| JIM HAMMOND | VP OF FINANCE Officer | 8 | $0 |
990 for the year ended September 30, 2023: 28 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG S STYER ESQ | CHAIR Trustee or director, Officer | 1 | $0 |
| BILL STEDMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL HANKIN | TREASURER Trustee or director, Officer | 1 | $0 |
| R LORRAINE BERNOSTSKY | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOSEPH CALABRO | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK COHEN | DIRECTOR Trustee or director | 0.5 | $0 |
| HOLLY GRAVER | DIRECTOR Trustee or director | 0.5 | $0 |
| BETSY NIEDZIEJKO | DIRECTOR Trustee or director | 0.5 | $0 |
| GREG OLSON | DIRECTOR Trustee or director | 0.5 | $0 |
| GEOFF SHEEHAN | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL STEPHANO | DIRECTOR Trustee or director | 0.5 | $0 |
| GARY VARNEY | DIRECTOR Trustee or director | 0.5 | $0 |
| TERRY GRIER | DIRECTOR Trustee or director | 0.5 | $0 |
| JON SWEARER | DIRECTOR Trustee or director | 0.5 | $0 |
| BILL BOGLE | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| EDWARD J BREINER | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| ROGER HUGGINS | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| MARIAN D MOSKOWITZ | DIRECTOR EMERITUS Trustee or director | 0.5 | $0 |
| EDWIN BROWNLEY | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| NANCY R CORSON | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT F FISCHER | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| LOUIS B KUPPERMAN | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| CONRAD M OLIE | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| JIM READING | HONORARY DIRECTOR Trustee or director | 0.5 | $0 |
| GARY SMITH | EXECUTIVE DIRECTOR Officer | 5 | $0 |
| MICHAEL GRIGALONIS | COO/ASSISTANT DIRECTOR Officer | 8 | $0 |
| SHERWOOD ROBBINS | MANAGING DIRECTOR Officer | 40 | $0 |
| JIM HAMMOND | VP OF FINANCE Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 737 CONSTITUTION DR, EXTON, PA 19341-1100
- Principal officer (990 for 2024)
- GARY SMITH, 737 CONSTITUTION DRIVE, EXTON, PA 19341
- Signed the 990
- JIM HAMMOND, CFO
- Phone
- (610) 458-5700
- Website
- WWW.SEEDCOPA.COM
- Return prepared by
- MAILLIE LLP
Mission
FOSTER THE INDUSTRIAL AND COMMERCIAL GROWTH OF SOUTHEASTERN PENNSYLVANIA BY PROVIDING FINANCING AVAILABLE THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION LOAN PROGRAMS TO NEW, EXPANDED AND REHABILITATED INDUSTRIAL AND COMMERCIAL PROJECTS.
Program accomplishments
- ADMINISTRATION AND PROCESSING OF SBA 504 LOAN PROGRAMS AND ASSISTANCE TO SMALL BUSINESSES IN SOUTHEASTERN PA. IN ADDITION THE ORGANIZATION PROCESSES AND SERVICES SBA 7A LOANS FOR BANKS AS A LENDER SERVICE PROVIDER.Expenses $1,617,288 · grants $141,250 · revenue $1,754,742
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 22-2490679
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,343,347
- Income (IRS master file)
- $2,087,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,087,434 | $1,749,656 | $4,343,347 | XML |
| 990 | September 2024 | $1,780,742 | $1,671,646 | $4,236,846 | XML |
| 990 | September 2023 | $1,638,016 | $1,655,399 | $4,280,310 | XML |
| 990 | September 2022 | $1,651,017 | $1,438,274 | $4,125,560 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 22-2490679).
Questions about SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA
- What is the EIN of SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA?
- The employer identification number (EIN) of SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA is 22-2490679.
- Is SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
- Are donations to SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA 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 SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA?
- The 990 for the year ended September 30, 2025 names GARY SMITH.
- Who are the officers and directors of SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA?
- The 990 for the year ended September 30, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does SOUTH EASTERN ECONOMIC DEVELOPMENT CO OF PA have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,087,434, expenses of $1,749,656 and total assets of $4,343,347 at year end.
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