Nonprofit · EIN 23-2976596
LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LANSDOWNE, PA 19050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $364,461 | $366,098 | -$1,637 | $323,169 | $184,206 | $138,963 |
| December 31, 2023 | 990 | $339,612 | $353,522 | -$13,910 | $341,815 | $201,214 | $140,601 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $331,509
- of which government grants
- $229,537
- Membership dues
- $95,277
- Program service revenue
- $32,946
- Investment income
- $6
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $147,244
- Salaries, compensation and benefits (total)
- $160,257
- Professional fundraising fees
- $0
- Accounting fees
- $5,851
- Occupancy
- $60,651
- Depreciation
- $16,587
- Program services (functional)
- $193,311
- Management and general (functional)
- $172,787
Balance sheet and other
- Total assets, start of year
- $341,815
- Total assets, end of year
- $323,169
- Total liabilities, end of year
- $184,206
- Net assets, end of year
- $138,963
- Land, buildings and equipment
- $95,139
- Net assets without donor restrictions
- $138,963
- Gross receipts
- $364,461
- Employees
- 3
- Volunteers
- 10
- Year formed
- 1998
- 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 |
|---|---|---|---|
| WILLIAM BROWN | BOARD CHAIR Officer | 5 | $0 |
| DR RYAN BATKIE | VICE CHAIR Officer | 5 | $0 |
| LOIS MARIE COOK | SECRETARY Officer | 5 | $0 |
| SKYLAR D BENTLEY | TREASURER Officer | 10 | $0 |
| REGINA KLINE COLBURN | BOARD MEMBER Officer | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM BROWN | BOARD CHAIR Officer | 5 | $0 |
| ANTOINETTE C TRUEHART | VICE CHAIR Officer | 5 | $0 |
| LOIS MARIE COOK | SECRETARY Officer | 5 | $0 |
| SKYLAR D BENTLEY | BOARD MEMBER Officer | 5 | $0 |
| RC BROWN | BOARD MEMBER Officer | 2 | $0 |
| REGINA KLINE COLBURN | BOARD MEMBER Officer | 2 | $0 |
| KATE SRINIVASIN | BOARD MEMBER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 32 E BALTIMORE AVE, LANSDOWNE, PA 19050-2202
- In care of
- % ROBERT W SCOTT
- Principal officer (990 for 2024)
- WILLIAM BROWN, 32 E BALTIMORE PIKE, LANSDOWNE, PA 19050
- Signed the 990
- WILLIAM BROWN, BOARD CHAIR
- Phone
- (610) 394-9044
- Website
- WWW.LANSDOWNESFUTURE.ORG
- Return prepared by
- VERNA & ASSOCIATES
Mission
TO PROMOTE ECONOMIC DEVELOPMENT WITHIN LANSDOWNE BOROUGH AND THE SURROUNDING COMMUNITIES AND NEIGHBORHOODS BORDERING LANDOWNE BOROUGH.
Program accomplishments
- PROMOTED ECONOMIC ACTIVITY WITHIN LANSDOWNE BOROUGH THROUGH INCREASING THE NUMBER AND DIVERSITY OF RETAIL BUSINESSES, REDUCING STOREFRONT VACANCIES, ATTRACTING COMMERCIAL DEVELOPMENT AND BY PROMOTING THE BOROUGH TO ITS RESIDENTS AND VISITORS FROM SURROUNDING COMMUNITIES.Expenses $122,470
- THROUGH LOCAL EVENTS AND SPONSORSHIPS, PROMOTE THE LANSDOWNE BUSINESS DISTRICT.
- TO PROMOTE ECONOMIC GROWTH IN THE LANSDOWNE BOROUGH.Expenses $70,841
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
- 23-2976596
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $323,169
- Income (IRS master file)
- $364,461
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $364,461 | $366,098 | $323,169 | XML |
| 990 | December 2023 | $339,612 | $353,522 | $341,815 | XML |
| 990 | December 2022 | $327,796 | $357,879 | $163,539 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 23-2976596).
Questions about LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION is 23-2976596.
- Is LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANSDOWNE 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 LANSDOWNE 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 LANSDOWNE 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 LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names WILLIAM BROWN.
- Who are the officers and directors of LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LANSDOWNE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $364,461, expenses of $366,098 and total assets of $323,169 at year end.
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