Nonprofit · EIN 23-1412034
SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · POTTSVILLE, PA 17901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,383,653 | $930,432 | $5,453,221 | $27,846,857 | $2,078,451 | $25,768,406 |
| December 31, 2024 | 990 | $706,258 | $887,704 | -$181,446 | $20,731,906 | $2,008,429 | $18,723,477 |
| December 31, 2023 | 990 | $639,525 | $892,122 | -$252,597 | $19,995,725 | $1,743,449 | $18,252,276 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $259,121
- Program service revenue
- $136,508
- Investment income
- $723,775
- Net gain from sales of assets
- $192,927
- Net income from sales of inventory
- $5,199,947
- Other revenue
- $5,264,249
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $223,287
- Other salaries and wages
- $185,092
- Salaries, compensation and benefits (total)
- $502,459
- Professional fundraising fees
- $0
- Legal fees
- $938
- Accounting fees
- $22,809
- Occupancy
- $60,702
- Travel
- $14,276
- Depreciation
- $21,855
- Program services (functional)
- $390,602
- Management and general (functional)
- $539,830
Balance sheet and other
- Total assets, start of year
- $20,731,906
- Total assets, end of year
- $27,846,857
- Total liabilities, end of year
- $2,078,451
- Net assets, end of year
- $25,768,406
- Land, buildings and equipment
- $435,971
- Publicly traded securities
- $15,601,703
- Net assets without donor restrictions
- $25,768,406
- Gross receipts
- $9,265,876
- Employees
- 3
- Year formed
- 1952
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK ZUKAS | President & CEO Officer | 40 | $222,469 | $52,228 |
| MARK MINNIG | ECONOMIC DEVELOPMENT MANAGER | 40 | $110,549 | $29,610 |
| LETITIA RESIER | ASST SECRETARY Officer | 40 | $74,544 | $16,690 |
| KEN HUEBNER | PAST CHAIR Trustee or director | 5 | $0 | $0 |
| CHRISTINE VERDIER | CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| DEMETRIUS KASMARI | Secretary Trustee or director | 5 | $0 | $0 |
| BROCK STEIN | Treasurer Trustee or director | 5 | $0 | $0 |
| MICHAEL FOX | ASST TREASURER Trustee or director | 5 | $0 | $0 |
| KIRK FANELLI | VICE-CHAIRPERSO Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK ZUKAS | President & CEO Officer | 40 | $211,130 | $46,548 |
| MARK MINNIG | ECONOMIC DEVELOPMENT MANAGER | 40 | $100,926 | $24,253 |
| LETITIA RESIER | ASST SECRETARY Officer | 40 | $70,521 | $15,886 |
| KAREN KENDERDINE | PAST CHAIR Trustee or director | 5 | $0 | $0 |
| CHRISTINE VERDIER | VICE CHAIR Trustee or director | 5 | $0 | $0 |
| KIRK FANELLI | Secretary Trustee or director | 5 | $0 | $0 |
| DEMETRIUS KASMARI | Treasurer Trustee or director | 5 | $0 | $0 |
| BROCK STEIN | ASST TREASURER Trustee or director | 5 | $0 | $0 |
| KENNETH HUEBNER | Chairman Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK ZUKAS | President & CEO Officer | 40 | $204,418 | $41,541 |
| MARK MINNING | ECONOMIC DEVELOPMENT MANAGER | 0 | $72,052 | $20,670 |
| LETITIA RESIER | ASST SECRETARY Officer | 40 | $70,454 | $15,280 |
| KAREN KENDERDINE | PAST CHAIR Trustee or director | 5 | $0 | $0 |
| CHRISTINE VERDIER | VICE CHAIR Trustee or director | 5 | $0 | $0 |
| KIRK FANELLI | Secretary Trustee or director | 5 | $0 | $0 |
| DEMETRIUS KASMARI | Treasurer Trustee or director | 5 | $0 | $0 |
| BROCK STEIN | ASST TREASURER Trustee or director | 5 | $0 | $0 |
| KENNETH HUEBNER | Chairman Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- UNION STATION - ONE PROGRESS CIRCLE, POTTSVILLE, PA 17901-0000
- Signed the 990
- FRANK ZUKAS, President & CEO
- Phone
- (570) 622-1943
- Website
- WWW.SED-CO.COM
- Return prepared by
- Jones & CoPC
Mission
PROMOTED INDUSTRIAL DEVELOPMENT IN SCHUYLKILL COUNTY, PA THROUGH LAND DEVELOPMENT, CONTRUCTION OF SHELL BUILDINGS, LOW-INTEREST LOANS
Program accomplishments
- SEDCO PROVIDED ADMINISTRATIVE SERVICES TO THE SCHUYLKILL COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY AND THE HIGHRIDGE IMPROVEMENT DISTRICT AUTHORITY. IN ADDITION, SEDCO CHARGES A SERVICE FEE TO COMPANIES WHO UTILIZE THE LOAN PROGRAM VIA THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY FOR PROJECTS IN SCHUYLKILL COUNTY.Expenses $390,602
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 | 990 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
- 23-1412034
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $27,846,857
- Income (IRS master file)
- $9,265,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,383,653 | $930,432 | $27,846,857 | XML |
| 990 | December 2024 | $706,258 | $887,704 | $20,731,906 | XML |
| 990 | December 2023 | $639,525 | $892,122 | $19,995,725 | XML |
| 990 | December 2022 | $581,326 | $712,943 | $18,989,230 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 23-1412034).
Questions about SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION is 23-1412034.
- Is SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1952.
- Are donations to SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SCHUYLKILL 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 SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 3 received compensation from the organization, the highest $222,469 (FRANK ZUKAS, President & CEO).
- How much revenue does SCHUYLKILL ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,383,653, expenses of $930,432 and total assets of $27,846,857 at year end.
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