Nonprofit · EIN 25-1143641
ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION
Tax-exempt · ALTOONA, PA 16602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,733,762 | $5,985,125 | $748,637 | $115,906,832 | $82,269,839 | $33,636,993 |
| December 31, 2024 | 990 | $5,142,989 | $5,279,452 | -$136,463 | $115,924,740 | $80,090,012 | $35,834,728 |
| December 31, 2023 | 990 | $5,482,146 | $5,287,740 | $194,406 | $122,094,701 | $88,108,690 | $33,986,011 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,318,789
- of which government grants
- $2,134,185
- Program service revenue
- $0
- Investment income
- $931,378
- Net rental income
- $2,207,810
- Other revenue
- $3,483,595
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,015,484
- Salaries, compensation and benefits (total)
- $1,015,484
- Professional fundraising fees
- $0
- Travel
- $16,974
- Depreciation
- $1,814,386
- Program services (functional)
- $5,424,961
- Management and general (functional)
- $560,164
Balance sheet and other
- Total assets, start of year
- $115,924,740
- Total assets, end of year
- $115,906,832
- Total liabilities, end of year
- $82,269,839
- Net assets, end of year
- $33,636,993
- Land, buildings and equipment
- $74,756,588
- Net assets without donor restrictions
- $6,019,835
- Net assets with donor restrictions
- $27,617,158
- Gross receipts
- $8,300,944
- Employees
- 7
- Volunteers
- 0
- Year formed
- 1946
- 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 |
|---|---|---|---|
| STEPHEN MCKNIGHT | PRESIDENT & CEO Key employee | 40 | $188,500 |
| TOM SEASOLTZ | CHIEF FINANCIAL OFFICER Key employee | 40 | $166,500 |
| MATTHEW FOX | DIRECTOR OF BUSINESS EXPAN Highest-paid employee | 40 | $135,500 |
| RON MCCONNEL | CHAIRMAIN Trustee or director, Officer | 3 | $0 |
| ANN BENZEL | 1ST VICE CHAIR Trustee or director, Officer | 3 | $0 |
| MARK RITCHEY | 2ND VICE CHAIR Trustee or director, Officer | 3 | $0 |
| MIKE SETTIMIO | SECRETARY Trustee or director, Officer | 3 | $0 |
| TROY CAMPBELL | TREASURER Trustee or director, Officer | 3 | $0 |
| JOSEPH SHEETZ | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| DAN HOOVER | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| PHILIP FREEMAN | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| JOSH BAKER | DIRECTOR Trustee or director | 3 | $0 |
| JOSH BARNHART | DIRECTOR Trustee or director | 3 | $0 |
| BOB BILGER | DIRECTOR Trustee or director | 3 | $0 |
| ANDREA COHEN | DIRECTOR Trustee or director | 3 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE CORSO | DIRECTOR Trustee or director | 3 | $0 |
| DEREK COUGHENOUR | DIRECTOR Trustee or director | 3 | $0 |
| RON DARBEAU | DIRECTOR Trustee or director | 3 | $0 |
| BRUNO DEGOL III | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL DELGROSSO | DIRECTOR Trustee or director | 3 | $0 |
| JOE DIAMOND | DIRECTOR Trustee or director | 3 | $0 |
| RICHARD FIORE JR | DIRECTOR Trustee or director | 3 | $0 |
| NICHOLAS GATES | DIRECTOR Trustee or director | 3 | $0 |
| BRAD HATCH | DIRECTOR Trustee or director | 3 | $0 |
| JOHN HORELL | DIRECTOR Trustee or director | 3 | $0 |
| BRIAN IRWIN | DIRECTOR Trustee or director | 3 | $0 |
| JEFF LONG | DIRECTOR Trustee or director | 3 | $0 |
| FRANK MONTECALVO | DIRECTOR Trustee or director | 3 | $0 |
| MATT PACIFICO | DIRECTOR Trustee or director | 3 | $0 |
| BO PRATT | DIRECTOR Trustee or director | 3 | $0 |
| JOHN RUSSELL | DIRECTOR Trustee or director | 3 | $0 |
| KIRSTEN STRATTON | DIRECTOR Trustee or director | 3 | $0 |
| ADAM WARD | DIRECTOR Trustee or director | 3 | $0 |
| NICOLE ZERNICK | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2024: 35 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN MCKNIGHT | PRESIDENT & CEO Key employee | 40 | $173,849 |
| TOM SEASOLTZ | CHIEF FINANCIAL OFFICER Key employee | 40 | $151,204 |
| MATTHEW FOX | DIRECTOR OF BUSINESS EXPAN Highest-paid employee | 40 | $117,551 |
| RON MCCONNEL | CHAIRMAIN Trustee or director, Officer | 3 | $0 |
| ANN BENZEL | 1ST VICE CHAIR Trustee or director, Officer | 3 | $0 |
| MARK RITCHEY | 2ND VICE CHAIR Trustee or director, Officer | 3 | $0 |
| MIKE SETTIMIO | SECRETARY Trustee or director, Officer | 3 | $0 |
| TROY CAMPBELL | TREASURER Trustee or director, Officer | 3 | $0 |
| JOSEPH SHEETZ | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| DAN HOOVER | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| PHILIP FREEMAN | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| CLARK STAPELFELD | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| JOSH BAKER | DIRECTOR Trustee or director | 3 | $0 |
| JOSH BARNHART | DIRECTOR Trustee or director | 3 | $0 |
| BOB BILGER | DIRECTOR Trustee or director | 3 | $0 |
| ANDREA COHEN | DIRECTOR Trustee or director | 3 | $0 |
| DEREK COUGHENOUR | DIRECTOR Trustee or director | 3 | $0 |
| RON DARBEAU | DIRECTOR Trustee or director | 3 | $0 |
| BRUNO DEGOL III | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL DELGROSSO | DIRECTOR Trustee or director | 3 | $0 |
| JOE DIAMOND | DIRECTOR Trustee or director | 3 | $0 |
| MIKE CORSO | DIRECTOR Trustee or director | 3 | $0 |
| RICHARD FIORE JR | DIRECTOR Trustee or director | 3 | $0 |
| BRAD HATCH | DIRECTOR Trustee or director | 3 | $0 |
| JEFF LONG | DIRECTOR Trustee or director | 3 | $0 |
| NICHOLAS GATES | DIRECTOR Trustee or director | 3 | $0 |
| JOHN HORELL | DIRECTOR Trustee or director | 3 | $0 |
| BRIAN IRWIN | DIRECTOR Trustee or director | 3 | $0 |
| FRANK MONTECALVO | DIRECTOR Trustee or director | 3 | $0 |
| MATT PACIFICO | DIRECTOR Trustee or director | 3 | $0 |
| NICOLE ZERNICK | DIRECTOR Trustee or director | 3 | $0 |
| BO PRATT | DIRECTOR Trustee or director | 3 | $0 |
| JOHN RUSSELL | DIRECTOR Trustee or director | 3 | $0 |
| KIRSTEN STRATTON | DIRECTOR Trustee or director | 3 | $0 |
| ADAM WARD | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN MCKNIGHT | PRESIDENT & CEO Highest-paid employee | 40 | $159,504 |
| TOM SEASOLTZ | CHIEF FINANCIAL OFFICER Highest-paid employee | 40 | $137,434 |
| MATTHEW FOX | DIRECTOR OF BUSINESS EXPAN Highest-paid employee | 40 | $107,436 |
| RON MCCONNEL | CHAIRMAIN Trustee or director, Officer | 3 | $0 |
| ANN BENZEL | 1ST VICE CHAIR Trustee or director, Officer | 3 | $0 |
| MARK RITCHEY | 2ND VICE CHAIR Trustee or director, Officer | 3 | $0 |
| MIKE SETTIMIO | SECRETARY Trustee or director, Officer | 3 | $0 |
| TROY CAMPBELL | TREASURER Trustee or director, Officer | 3 | $0 |
| JOSEPH SHEETZ | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| DAN HOOVER | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| PHILIP FREEMAN | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| CLARK STAPELFELD | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 3 | $0 |
| JOSH BAKER | DIRECTOR Trustee or director | 3 | $0 |
| KRIS BARONNER | DIRECTOR Trustee or director | 3 | $0 |
| BOB BILGER | DIRECTOR Trustee or director | 3 | $0 |
| ANDREA COHEN | DIRECTOR Trustee or director | 3 | $0 |
| DEREK COUGHENOUR | DIRECTOR Trustee or director | 3 | $0 |
| RON DARBEAU | DIRECTOR Trustee or director | 3 | $0 |
| BRUNO DEGOL III | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL DELGROSSO | DIRECTOR Trustee or director | 3 | $0 |
| JOE DIAMOND | DIRECTOR Trustee or director | 3 | $0 |
| BRUCE ERB | DIRECTOR Trustee or director | 3 | $0 |
| RICHARD FIORE JR | DIRECTOR Trustee or director | 3 | $0 |
| BRYAN FISHER | DIRECTOR Trustee or director | 3 | $0 |
| JAN FISHER | DIRECTOR Trustee or director | 3 | $0 |
| NICHOLAS GATES | DIRECTOR Trustee or director | 3 | $0 |
| JOHN HORELL | DIRECTOR Trustee or director | 3 | $0 |
| BRIAN IRWIN | DIRECTOR Trustee or director | 3 | $0 |
| FRANK MONTECALVO | DIRECTOR Trustee or director | 3 | $0 |
| MATT PACIFICO | DIRECTOR Trustee or director | 3 | $0 |
| ERIC PALMER | DIRECTOR Trustee or director | 3 | $0 |
| BO PRATT | DIRECTOR Trustee or director | 3 | $0 |
| JOHN RUSSELL | DIRECTOR Trustee or director | 3 | $0 |
| GEORGE SIDNEY | DIRECTOR Trustee or director | 3 | $0 |
| KIRSTEN STRATTON | DIRECTOR Trustee or director | 3 | $0 |
| ADAM WARD | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 3900 INDUSTRIAL PARK DR, ALTOONA, PA 16602-1732
- In care of
- % JOSIE SELDEN
- Principal officer (990 for 2025)
- STEPHEN MCKNIGHT, 3900 INDUSTRIAL PARK DRIVE, ALTOONA, PA 16602
- Signed the 990
- STEPHEN MCKNIGHT, PRESIDENT/CEO
- Phone
- (814) 944-6113
- Website
- HTTP://WWW.ABCDCORP.ORG
- Return prepared by
- YOUNG OAKES BROWN & COMPANY PC
Mission
TO ENSURE BLAIR COUNTY IS THE BEST AND MOST COMPETITIVE COMMUNITY IT CAN BE SO WE CAN ATTRACT AND RETAIN TALENT, INVESTMENT, AND JOB OPPORTUNITIES FOR FUTURE GENERATIONS TO COME.
Program accomplishments
- CONTINUED FUNCTIONING AS A VECHICLE TO PROVIDE FINANCING,ETC. FOR INDUSTRIAL AND EMPLOYMENT EXPANSION IN THE AREAExpenses $5,424,961 · revenue $4,414,973
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
- 25-1143641
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S400)
- Assets (IRS master file)
- $115,906,832
- Income (IRS master file)
- $8,300,944
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,733,762 | $5,985,125 | $115,906,832 | XML |
| 990 | December 2024 | $5,142,989 | $5,279,452 | $115,924,740 | IRS |
| 990 | December 2023 | $5,482,146 | $5,287,740 | $122,094,701 | XML |
| 990 | December 2022 | $33,416,279 | $6,259,067 | $122,969,142 | 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 25-1143641).
Questions about ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION
- What is the EIN of ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION is 25-1143641.
- Is ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALTOONA-BLAIR COUNTY 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 ALTOONA-BLAIR COUNTY 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 ALTOONA-BLAIR COUNTY 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 is the principal officer of ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names STEPHEN MCKNIGHT.
- Who are the officers and directors of ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 34 people; 3 received compensation from the organization, the highest $188,500 (STEPHEN MCKNIGHT, PRESIDENT & CEO).
- How much revenue does ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,733,762, expenses of $5,985,125 and total assets of $115,906,832 at year end.
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All nonprofits in ALTOONA · Pennsylvania · Community improvement and capacity building