PENNSYLVANIA ECONOMY LEAGUE INC

Financials

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.

Address and contacts

Address (IRS master file)

PO BOX 27, CAMP HILL, PA 17001-0027

Principal officer (990 for 2024)

JEFF HORNSTEIN PHD, 901 MARKET STREET 3020, PHILADELPHIA, PA 19107

Signed the 990

JEFF HORNSTEIN PHD, EXECUTIVE DIRECTOR

Phone

(267) 209-3974

Website

WWW.ECONOMYLEAGUE.ORG

Return prepared by

SCHNEIDER DOWNS & CO INC

Mission

THE PENNSYLVANIA ECONOMY LEAGUE (PEL) IS AN INDEPENDENT NON-PROFIT PUBLIC POLICY RESEARCH AND DEVELOPMENT ORGANIZATION COMPRISED OF THREE LIMITED LIABILITY COMPANIES: PEL, SOUTHEASTERN PA, LLC, DBA ECONOMY LEAGUE OF GREATER PHILADELPHIA; SEE SCHEDULE O FOR CONTINUATIONTHE PENNSYLVANIA ECONOMY LEAGUE OF SOUTHWESTERN PA, LLC, DBA THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH; AND THE PENNSYLVANIA ECONOMY LEAGUE, CENTRAL PA, LLC. PEL'S MISSION IS TO PROVIDE INDEPENDENT RESEARCH ON EMERGING ISSUES IN ORDER TO STIMULATE PUBLIC AND PRIVATE ACTION AND TO MAKE PENNSYLVANIA A BETTER PLACE TO LIVE, WORK AND DO BUSINESS. ITS PURPOSE IS TO CREATE A KNOWLEDGEABLE CORPORATE AND CIVIC AUDIENCE TO HELP ENSURE THE ECONOMIC COMPETITIVENESS OF THE COMMONWEALTH AND ITS REGIONS.

Program accomplishments

• THE ECONOMY LEAGUE OF GREATER PHILADELPHIA FOSTERS EQUITABLE AND INCLUSIVE GROWTH IN GREATER PHILADELPHIA BY PRODUCING IMPACTFUL, NONPARTISAN RESEARCH, CONNECTING DIVERSE LEADERS, AND ADVANCING SHARED SOLUTIONS. THE ELGP IS OUR REGION'S INDEPENDENT 'THINK-AND-DO TANK,' FOUNDED IN 1909 BY FORWARD-THINKING CIVIC LEADERS, UNITED BY THE BELIEF THAT BUSINESS HAS A CIVIC RESPONSIBILITY BEYOND PROFIT-MAKING, AND THAT IT IS THE CITIZENS BUSINESS TO ENSURE THAT LOCAL GOVERNMENT AND THE LOCAL ECONOMY WORK FOR ALL. SEE SCHEDULE O FOR CONTINUATIONIN 2024 THE ECONOMY LEAGUE SERVED ITS MISSION WITH 4 DISTINCT PROGRAM LINES, OVERSEEN BY THE BOARD'S PROGRAM COMMITTEE. THESE PROGRAM LINES ARE THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX), FOCUSED ON BUILDING 'CIVIC MUSCLE' VIA A YEAR-LONG SERIES OF PROGRAMS CULMINATING IN AN ANNUAL LEADERSHIP SUMMIT; PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE), WHICH HARNESSES INSTITUTIONAL PURCHASING POWER TO DRIVE JOBS AND GROWTH AMONG DIVERSE LOCAL BUSINESSES; THE RESEARCH & ANALYTICS DEPARTMENT, WHICH PRODUCES INDEPENDENT NONPARTISAN RESEARCH AND ANALYSIS AIMED AT FACILITATING INFORMED DECISION MAKING BY POLICY MAKERS AND ADVOCATES; AND IMPACT LABS, A SOCIAL INNOVATION INCUBATOR AND ACCELERATOR DESIGNED TO IDENTIFY AND SUPPORT EVERYDAY INNOVATORS WITH NOVEL IDEAS FOR TACKLING THE REGION'S MOST PRESSING PROBLEMS.THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX) IS AN INITIATIVE OF THE ECONOMY LEAGUE AIMED AT BUILDING 'CIVIC MUSCLE' BY CREATING A CADRE OF WELL-INFORMED AND NETWORKED BUSINESS, CIVIC, NONPROFIT, AND GOVERNMENT LEADERS. THROUGH IN-REGION PROGRAMMING AND OUT-OF-REGION LEARNING VISITS, GPLEX EXPOSES LEADERS TO BEST PRACTICES, FORGES NEW CONNECTIONS ACROSS SECTORS AND INDUSTRIES AND DEEPENS PARTICIPANTS' UNDERSTANDING OF GREATER PHILADELPHIA'S POTENTIAL. FROM SEPTEMBER 29-OCT 1, MORE THAN 170 PHILADELPHIANS CONVENED IN SAN DIEGO FOR THE ANNUAL CONFERENCE. PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE) IS A PARTNERSHIP BETWEEN THE ECONOMY LEAGUE, THE CITY OF PHILADELPHIA'S COMMERCE DEPARTMENT, AND THE CITY'S MAJOR EDS-AND-MEDS INSTITUTIONS. PAGE ANALYZES THE WAY THESE INSTITUTIONS SPEND THEIR PROCUREMENT DOLLARS AND IS BUILDING INFRASTRUCTURE TO HELP THE INSTITUTIONS SHIFT MORE OF THEIR ROUGHLY $5 BN IN ANNUAL SPEND TO LOCAL DIVERSE BUSINESSES. PAGE HAS GARNERED OVER $2 MILLION IN FINANCIAL SUPPORT FROM THE STAKEHOLDERS THEMSELVES AS WELL AS THE TD CHARITABLE FOUNDATION, THE AMERISOURCE BERGEN FOUNDATION, THE BARRA FOUNDATION, THE LENFEST FOUNDATION, THE BANK OF AMERICA FOUNDATION, THE FEDERAL ECONOMIC DEVELOPMENT AGENCY, THE WILLIAM PENN FOUNDATION, M&T BANK, AND JP MORGAN CHASE. WE HELD A VERY SUCCESSFUL AND WELL-ATTENDED PAGE SUMMIT IN FEBRUARY 2024 FEATURING MAYOR CHERELLE PARKER AS A KEYNOTE SPEAKER - AND A REAL ESTATE & CONSTRUCTION SUMMIT IN AUGUST 2024, WHICH FEATURED CITY COUNCIL PRESIDENT KENYATTA JOHNSON.SINCE ITS FOUNDING IN 1909, THE ECONOMY LEAGUE HAS BEEN A RESOURCE FOR IMPARTIAL ANALYSIS AND INSIGHT INTO OUR REGION'S ECONOMIC HEALTH. FOR MORE THAN 5 YEARS OUR RESEARCH TEAM HAS PRODUCED CONSISTENT BIWEEKLY LEADING INDICATORS DATA BRIEFS THAT SHED LIGHT ON THE LOCAL ECONOMY AND MANY OTHER TOPICS RELEVANT TO POLICYMAKERS, JOURNALISTS, AND CIVIC LEADERS. IN 2024 WE WERE AWARDED A $75,000 GRANT BY THE LENFEST INSTITUTE OF JOURNALISM TO BUILD A CIVIC DATE PLATFORM THAT WILL DEMOCRATIZE ACCESS TO CIVIC DATA AND ENABLE JOURNALISTS AND POLICY MAKERS TO CONSTRUCT DATA ANALYSES AND VISUALIZATIONS WITHOUT PRIOR EXPERTISE. LEVERAGING AN IMPORTANT ECONOMY LEAGUE STUDY THAT REVEALED MASSIVE RACIAL INEQUITY IN PROPERTY VALUATION, KNOW YOUR PRICE, PHILLY, WE PROPOSED AN IMPACT LABS INNOVATION CHALLENGE DESIGNED TO SOURCE COMMUNITY-DRIVE SOLUTIONS TO REVALUING PROPERTY IN HISTORICALLY MARGINALIZED COMMUNITIES. WE RAISED OVER $300,000 FROM CORPORATE AND PHILANTHROPIC SOURCES AND PREPARED TO LAUNCH THE FAIR CITY CHALLENGE AT THE END OF THE YEAR, WITH THE GOAL OF AWARDING A $50,000 GRAND PRIZE IN FALL 2025.
  Expenses $1,455,190 · revenue $683,988
• THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH (PELGP), ALONG WITH OUR AFFILIATED ORGANIZATIONS ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (ACCD), PITTSBURGH REGIONAL ALLIANCE (PRA) AND GREATER PITTSBURGH CHAMBER OF COMMERCE (GPCC) - AND OUR REGIONAL INVESTOR COUNCIL PARTNERS, TOOK IMPORTANT STEPS TOWARD ACHIEVING THE GLOBALLY COMPETITIVE REGION WE STRIVE FOR.SEE SCHEDULE O FOR CONTINUATIONPELGP HAS FOCUSED ITS EFFORTS ON STRENGTHENING ITS THOUGHT LEADERSHIP COMMITTEE TO STEP UP ITS EXPERTISE AND INFLUENCE ON STRATEGIC ECONOMIC DEVELOPMENT ISSUES. AS PART OF THEIR COMMITMENT TO LEADING THE DEVELOPMENT OF POLICY SOLUTIONS AND ENGAGING CRITICAL STAKEHOLDERS TO DRIVE POLICY AND PROGRAMMATIC CHANGES ACROSS INTEREST AREAS, THE COMMITTEE HAS SUCCESSFULLY HOSTED SEVERAL ENTREPRENEURIAL SUMMITS, EXPANDED PARTNERSHIPS WITH UNIVERSITIES AND SMALL BUSINESSES, AND ADVANCED SUPPORT FOR CRITICAL LEGISLATION THAT REINFORCES ACCD'S DEDICATION TO DRIVING SUSTAINABLE ECONOMIC GROWTH. A CROSS-DEPARTMENTAL TEAM, GUIDED BY THE THOUGHT LEADERSHIP COMMITTEE, HAS DEVELOPED A COMPREHENSIVE WORK PLAN ALIGNED WITH THREE PRIMARY GOALS: WORKFORCE AND TALENT, INCLUSIVE ECONOMIES, AND CLUSTER STRATEGY AND BUSINESS GROWTH. THE THOUGHT LEADERSHIP TEAM HAS CONTINUED TO PRODUCE REGULAR REPORTS AND ANALYSIS ON THE STATE OF THE REGION'S ECONOMY AND HAS BEGUN DEVELOPING AND PRODUCING NEW REPORTS THAT BRING GREATER INSIGHT INTO SOCIO-ECONOMIC TRENDS AND POLICY ISSUES.IN ADDITION TO THESE ACCOMPLISHMENTS, THE THOUGHT LEADERSHIP COMMITTEE ALSO MANAGES THE REGIONAL GROWTH AND COMPETITIVENESS SUBCOMMITTEE, WHICH IS MADE UP OF REGIONAL BUSINESS LEADERS FROM THE REGIONAL INVESTOR COUNCIL. THE SUBCOMMITTEE CONVENES ONCE PER QUARTER FOR A ROUNDTABLE DISCUSSION OF CURRENT BUSINESS CONDITIONS, ECONOMIC TRENDS, AND GROWTH EXPECTATIONS WHICH HELP TO INFORM THOUGHT LEADERSHIP'S STRATEGIC GOALS AND RESEARCH PRIORITIES.
  Expenses $1,411,353 · revenue $523,140
• 2024 MARKED A YEAR OF TRANSITION AND CONTINUED IMPACT FOR THE PENNSYLVANIA ECONOMY LEAGUE, CENTRAL PA, LLC.SEE SCHEDULE O FOR CONTINUATIONFOCUS ON LOCAL GOVERNMENT FINANCIAL DISTRESSTHROUGHOUT 2024, THE PERSISTENT ISSUE OF LOCAL GOVERNMENT FINANCIAL DISTRESS REMAINED AT THE HEART OF PEL'S RESEARCH, CIVIC EDUCATION, AND PROJECT AGENDA. ONGOING ECONOMIC CHALLENGES AND GLOBAL UNCERTAINTIES REINFORCED THE NEED FOR ROBUST STRATEGIES TO ADDRESS THIS CRISIS. PEL CONTINUED PROVIDING MUNICIPALITIES ACROSS THE COMMONWEALTH WITH TECHNICAL ASSISTANCE, BUILDING ON ITS ESTABLISHED EXPERTISE.HOME RULE CHARTER PROJECTSSIGNIFICANT STRIDES WERE MADE IN SUPPORTING GOVERNMENT STUDY COMMISSIONS, WITH THE PURPOSE OF ADOPTING HOME RULE CHARTERS: BOROUGH OF WILKINSBURG: AFTER RESIDENTS VOTED TO ESTABLISH A GOVERNMENT STUDY COMMISSION IN NOVEMBER 2022, PEL WAS RETAINED AS A CONSULTANT IN MAY 2023. BY AUGUST, THE COMMISSION UNANIMOUSLY VOTED TO DRAFT A HOME RULE CHARTER. CITY OF LANCASTER: FOLLOWING A MAY 2023 VOTE TO FORM A GOVERNMENT STUDY COMMISSION, PEL WAS HIRED IN JUNE. WORK CONTINUED INTO 2024 AS THE COMMISSION EXPLORED POTENTIAL REFORMS. CITY OF SHAMOKIN: AFTER TWO PREVIOUS ATTEMPTS TO FORM A GOVERNMENT STUDY COMMISSION, THE CITY OF SHAMOKIN ELECTED COMMISSIONERS IN APRIL 2024. PEL WAS RETAINED AS A CONSULTANT TO ASSIST WITH THIS WORK. LUZERNE COUNTY: LUZERNE COUNTY RESIDENTS VOTED TO REEXAMINE ITS HOME RULE CHARTER. PEL WAS RETAINED AS THE CONSULTANT TO SUPPORT THESE EFFORTS. THESE PROJECTS SIGNIFY A SHIFT IN PEL'S TECHNICAL ASSISTANCE WORK, MOVING FROM MERELY ASSESSING ECONOMIC LANDSCAPES TO RECOMMENDING STRUCTURAL CHANGES IN PUBLIC ADMINISTRATION FOR LONG-TERM MUNICIPAL SUSTAINABILITY.ADDITIONAL TECHNICAL ASSISTANCEBEYOND THE HOME RULE PROJECTS, PEL'S TECHNICAL SUPPORT EXTENDED TO A RANGE OF OTHER INITIATIVES: A COLLABORATION WITH ECKERT SEAMANS FOR AN ASSESSMENT OF HANNOVER AREA FIRE AND RESCUE, FINALIZED IN AUGUST 2023, EVALUATING FINANCIAL SUSTAINABILITY AND ADMINISTRATIVE OPERATIONS FOR THE REGIONAL FIRE DEPARTMENT OF HANOVER BOROUGH AND PENN TOWNSHIP. AS ONE OF THE FEW PAID BOROUGH AND TOWNSHIP FIRE DEPARTMENTS IN PENNSYLVANIA, PEL'S ASSESSMENT PROVIDED SUPPORT OF PREVIOUS RECOMMENDATIONS FROM THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED), AND RECOMMENDED BEST PRACTICES FOR FUTURE SUSTAINABILITY AND SUCCESS. POST-ACT 47 ASSISTANCE FOR THE CITY OF SCRANTON, ACT-47 SUPPORT FOR THE CITY OF SHAMOKIN, AND SUPPORT IN EXITING ACT 47 FOR THE CITY OF HAZLETON AND THE BOROUGH OF MAHANOY CITY. STRATEGIC MANAGEMENT PLANNING PROGRAM SUPPORT FOR THE MUNICIPALITIES OF JEFFERSON COUNTY, AND THE BOROUGHS OF DUNMORE, COUDERSPORT, LUZERNE, AND CATASAUQUA. A FINANCIAL HEALTH ASSESSMENT, A NEW DCED INITIATIVE, FOR THE BOROUGH OF STARRUCCA.CIVIC EDUCATION AND POLICY ENGAGEMENTIN 2024, PEL EXPANDED ITS CIVIC EDUCATION EFFORTS. REGIONAL COMMITTEES WERE CONTINUED IN YORK, READING (BERK COUNTY), AND SCRANTON/WILKES-BARRE (NEPA). PEL ALSO HOSTED AN IN-PERSON ISSUES FORUM ON HOME RULE IN YORK, FEATURING DR. BRIAN ADAMS (CHAIR OF LANCASTER'S GOVERNMENT STUDY COMMISSION) AND YORK MAYOR MICHAEL HELFRICH, ON THE POLICY FRONT, PEL REMAINED ACTIVELY ENGAGED IN STATE-LEVEL DISCUSSIONS: PROVIDED TESTIMONY ON MULTIPLE OCCASIONS TO THE PENNSYLVANIA HOUSE LOCAL GOVERNMENT COMMITTEE. PRESENTED ON THE HOME RULE PROCESS AND INTRICACIES TO COMMUNITY ORGANIZATIONS, INCLUDING BETTER YORK AND THE HOURGLASS FOUNDATION. PROVIDING TESTIMONY ON SCHOOL DISTRICT MERGERS BEFORE THE BASIC EDUCATION FUNDING COMMISSION. CONTINUED PRESENTING ON ITS NOT 1965 ANYMORE AT THE PENNSYLVANIA BUSINESS PRIVILEGE AND MERCANTILE TAX COLLECTORS ASSOCIATION ANNUAL CONFERENCE. PRESENTED ON PEL'S WORK RELATED TO THE HERMITAGE-WHEATLAND MERGER TO THE GOVERNMENT FINANCE OFFICERS ASSOCIATION OF PENNSYLVANIA.OUTREACH AND COMMUNICATIONPEL'S WEEKLY NEWSLETTERS KEPT SUBSCRIBERS INFORMED ABOUT KEY PROJECTS AND PUBLIC POLICY TOPICS. THE GROWING SUBSCRIBER BASE AND ABOVE-AVERAGE CLICK-THROUGH RATES REFLECT THE HIGH VALUE OF THE CONTENT SHARED.
  Expenses $293,660 · revenue $12,400

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.

IRS record

EIN

23-1352264

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

1945

Accounting year ends

December

Files

Form 990 or 990-EZ

Assets (IRS master file)

$1,841,306

Income (IRS master file)

$4,923,382

Filing history

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 23-1352264).

Questions about PENNSYLVANIA ECONOMY LEAGUE INC

What is the EIN of PENNSYLVANIA ECONOMY LEAGUE INC?

The employer identification number (EIN) of PENNSYLVANIA ECONOMY LEAGUE INC is 23-1352264.

Is PENNSYLVANIA ECONOMY LEAGUE INC tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1945.

Are donations to PENNSYLVANIA ECONOMY LEAGUE INC tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does PENNSYLVANIA ECONOMY LEAGUE INC 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 PENNSYLVANIA ECONOMY LEAGUE INC 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 PENNSYLVANIA ECONOMY LEAGUE INC 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 PENNSYLVANIA ECONOMY LEAGUE INC?

The 990 for the year ended December 31, 2024 names JEFF HORNSTEIN PHD.

Who are the officers and directors of PENNSYLVANIA ECONOMY LEAGUE INC?

The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $190,796 (JEFF HORNSTEIN, EXECUTIVE DIRECTOR).

How much revenue does PENNSYLVANIA ECONOMY LEAGUE INC have?

On its 990 for the year ended December 31, 2024 it reported revenue of $4,923,382, expenses of $4,921,883 and total assets of $1,841,306 at year end.

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