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Nonprofit · EIN 25-1116057

INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE

Tax-exempt · INDIANA, PA 15701

Financials

$2.2M$2.3M2023$1M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,014,691$2,296,893-$1,282,202$29,288,895$15,323,616$13,965,279
December 31, 2023990$2,156,436$2,297,291-$140,855$31,423,097$16,205,348$15,217,749
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$150,000
of which government grants
$150,000
Program service revenue
$121,054
Investment income
-$818,101
Net rental income
$1,497,530
Net gain from sales of assets
-$818,249
Other revenue
$1,561,738

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$143,420
Salaries, compensation and benefits (total)
$189,151
Professional fundraising fees
$0
Legal fees
$39,028
Travel
$10,840
Depreciation
$532,593
Program services (functional)
$2,112,155
Management and general (functional)
$184,738

Balance sheet and other

Total assets, start of year
$31,423,097
Total assets, end of year
$29,288,895
Total liabilities, end of year
$15,323,616
Net assets, end of year
$13,965,279
Land, buildings and equipment
$27,109,038
Net assets without donor restrictions
$13,965,279
Gross receipts
$3,632,940
Employees
1
Volunteers
13
Year formed
1961
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.

NameTitleHours / weekCompensation
BYRON STAUFFEREXECUTIVE DI
Trustee or director
40$143,420
DAVID G ANTOLIKBOARD MEMEBE
Trustee or director
1$0
PRASHANTH BHARADWAJBOARD MEMBER
Trustee or director
1$0
DENNIS BRAYVICE PRESIDE
Trustee or director, Officer
1$0
TODD BRICEBOARD MEMBER
Trustee or director
1$0
RICHARD CLAWSONSECRETARY-TR
Trustee or director, Officer
1$0
FRANK HOLUTAASSISTANT TR
Trustee or director, Officer
1$0
TIMOTHY J KRONENWETTERBOARD MEMBER
Trustee or director
1$0
LAURIE KUZNESKIBOARD MEMBER
Trustee or director
1$0
DAVE REEDBOARD MEMBER
Trustee or director
1$0
JOSEPH RESCHINIPRESIDENT
Trustee or director, Officer
2$0
MELISSA STEFFEYBOARD MEMBER
Trustee or director
1$0
THOMAS TEALBOARD MEMBER
Trustee or director
1$0
JAMES WILEYBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
BYRON STAUFFEREXECUTIVE DI
Trustee or director
40$139,243$4,177
DAVID G ANTOLIKBOARD MEMEBE
Trustee or director
1$0$0
DENNIS BRAYVICE PRESIDE
Trustee or director, Officer
1$0$0
TODD BRICEBOARD MEMBER
Trustee or director
1$0$0
RICHARD CLAWSONSECRETARY-TR
Trustee or director, Officer
1$0$0
STEPHEN FERRISBOARD MEMBER
Trustee or director
1$0$0
FRANK HOLUTAASSISTANT TR
Trustee or director, Officer
1$0$0
TIMOTHY J KRONENWETTERBOARD MEMBER
Trustee or director
1$0$0
LAURIE KUZNESKIBOARD MEMBER
Trustee or director
1$0$0
DAVE REEDBOARD MEMBER
Trustee or director
1$0$0
JOSEPH RESCHINIPRESIDENT
Trustee or director, Officer
2$0$0
MELISSA STEFFEYBOARD MEMBER
Trustee or director
1$0$0
THOMAS TEALBOARD MEMBER
Trustee or director
1$0$0
JAMES WILEYBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
801 WATER ST, INDIANA, PA 15701-1705
Principal officer (990 for 2024)
JOSEPH RESCHINI, 922 PHILADELPHIA STREET, INDIANA, PA 15701
Signed the 990
RICHARD CLAWSON, SECRETARY-TREASURER
Phone
(724) 465-3870
Return prepared by
CGN CPA PLLC

Mission

PROMOTE ECONOMIC DEVELOPMENT

990 for the year ended December 31, 2024

Program accomplishments

  • DEVELOPMENT EXPENSES TO PROMOTE ECONOMIC DEVELOPMENT IN INDIANA COUNTY.
    Expenses $2,112,155 · revenue $121,054

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1116057
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1964
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$29,288,895
Income (IRS master file)
$3,632,940

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,014,691$2,296,893$29,288,895IRS
990December 2023$2,156,436$2,297,291$31,423,097XML
990December 2022$2,450,089$2,167,271$31,919,593IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––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 25-1116057).

Questions about INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE

What is the EIN of INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE?
The employer identification number (EIN) of INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE is 25-1116057.
Is INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1964.
Are donations to INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE 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 INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE 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 INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE 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 INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE?
The 990 for the year ended December 31, 2024 names JOSEPH RESCHINI.
Who are the officers and directors of INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $143,420 (BYRON STAUFFER, EXECUTIVE DI).
How much revenue does INDIANA COUNTY DEVELOPMENT CORP 31 SOUTH CARPENTER AVENUE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,014,691, expenses of $2,296,893 and total assets of $29,288,895 at year end.

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