Nonprofit · EIN 23-3005840
GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · PEN ARGYL, PA 18072
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,419,582 | $1,347,758 | $2,071,824 | $13,823,863 | $1,720,602 | $12,103,261 |
| December 31, 2023 | 990 (amended) | $2,517,932 | $1,693,779 | $824,153 | $11,806,370 | $1,794,725 | $10,011,645 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $139,346
- of which government grants
- $139,346
- Program service revenue
- $2,908,673
- Investment income
- $252,282
- Net rental income
- $119,281
- Other revenue
- $119,281
Expenses
- Grants and similar amounts paid
- $145,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $11,761
- Accounting fees
- $4,875
- Depreciation
- $147,595
- Program services (functional)
- $1,347,758
Balance sheet and other
- Total assets, start of year
- $11,806,370
- Total assets, end of year
- $13,823,863
- Total liabilities, end of year
- $1,720,602
- Net assets, end of year
- $12,103,261
- Land, buildings and equipment
- $6,593,769
- Gross receipts
- $3,419,582
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1999
- 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 |
|---|---|---|---|
| Robert E Cornman Jr | President Officer | 20 | $0 |
| Peter R Albanese | Treasurer Officer | 20 | $0 |
| Larry Feller | Secretary Officer | 20 | $0 |
| John Goffredo | Vice President Trustee or director | 15 | $0 |
| James Policeli | Director Trustee or director | 15 | $0 |
| James Nico Goffredo | Director Trustee or director | 15 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert E Cornman Jr | President Officer | 20 | $0 |
| Peter R Albanese | Treasurer Officer | 20 | $0 |
| Larry Feller | Secretary Officer | 20 | $0 |
| John Goffredo | Vice President Trustee or director | 15 | $0 |
| James Policeli | Director Trustee or director | 15 | $0 |
| James Nico Goffredo | Director Trustee or director | 15 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4, PEN ARGYL, PA 18072-0004
- Principal officer (990 for 2024)
- Peter Albanese, 706 Rudolf Road, Pen Argyl, PA 18072
- Signed the 990
- PETER ALBANESE, TREASURER
- Phone
- (610) 863-5898
- Return prepared by
- Mark M Kukla CPA LLC
Mission
Providing economic relief for poor & distressed local citizens
Program accomplishments
- They convert landfill gas to electrical energy and sell the energy to induce industry, spurring economic development & enhancing employment opportunities in the Boroughs of Pen Argyl & Wind Gap, and Plainfield Twp.Expenses $1,347,758 · grants $145,000 · revenue $3,027,954
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
- 23-3005840
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $13,823,863
- Income (IRS master file)
- $3,419,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,419,582 | $1,347,758 | $13,823,863 | XML |
| 990 | December 2023 | $2,517,932 | $1,693,779 | $11,806,370 | XML |
| 990 | December 2022 | $3,668,403 | $1,180,726 | $11,085,506 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 23-3005840).
Questions about GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION is 23-3005840.
- Is GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREEN KNIGHT 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 GREEN KNIGHT 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 GREEN KNIGHT 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 GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Peter Albanese.
- Who are the officers and directors of GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does GREEN KNIGHT ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,419,582, expenses of $1,347,758 and total assets of $13,823,863 at year end.
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