Nonprofit · EIN 25-1649514
FAY-PENN ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LEMONT FRNC, PA 15456
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,357,096 | $4,117,862 | $2,239,234 | $65,802,678 | $17,001,841 | $48,800,837 |
| December 31, 2023 | 990 | $4,236,301 | $4,161,109 | $75,192 | $60,743,118 | $14,461,143 | $46,281,975 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $692,846
- of which government grants
- $655,996
- Membership dues
- $31,850
- Program service revenue
- $5,327,782
- Investment income
- $305,167
- Royalties
- $29,874
- Net gain from sales of assets
- -$32,443
- Other revenue
- $31,301
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $340,602
- Other salaries and wages
- $667,253
- Salaries, compensation and benefits (total)
- $1,290,522
- Professional fundraising fees
- $0
- Travel
- $36,516
- Depreciation
- $1,215,667
- Program services (functional)
- $3,371,163
- Management and general (functional)
- $726,178
- Fundraising (functional)
- $20,521
Balance sheet and other
- Total assets, start of year
- $60,743,118
- Total assets, end of year
- $65,802,678
- Total liabilities, end of year
- $17,001,841
- Net assets, end of year
- $48,800,837
- Land, buildings and equipment
- $45,324,910
- Publicly traded securities
- $6,036,190
- Net assets without donor restrictions
- $48,800,837
- Gross receipts
- $7,888,250
- Employees
- 13
- Volunteers
- 20
- Year formed
- 1991
- 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 | Other / benefits |
|---|---|---|---|---|
| LAURA KURTZ KUHNS | EXECUTIVE DIRECTOR THRU 10/21/24 Officer | 40 | $112,054 | $811 |
| MELONY REED | CFO THRU 10/16/24 Officer | 0.5 | $103,840 | $668 |
| JAMES GRAY | DIRECTOR THRU 7/31/24 Trustee or director | 40 | $96,872 | $3,623 |
| TIMOTHY FLECKER | EXECUTIVE DIRECTOR AS OF 10/22/24 Trustee or director, Officer | 0.5 | $22,734 | $0 |
| ED BALLING | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WILLIAM B BLANEY | ASSISTANT TREASURER THRU 1/1/24 Trustee or director, Officer | 0.5 | $0 | $0 |
| TODD CASTEEL | 2ND VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MARK FIKE | CHAIRMAN THRU 1/1/24 Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES FOUTZ | BOARD MEMBER THRU 1/1/24 Trustee or director | 0.5 | $0 | $0 |
| MICHAEL GEORGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| C J CALLAHAN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DAN GEARING | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MAX HOUSE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LAWRENCE J KIEFER | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 | $0 |
| STEPHEN M NEUBAUER | BOARD MEMBER THRU 1/1/24 Trustee or director | 0.5 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY A PARSONS | BOARD MEMBER THRU 1/1/24 Trustee or director | 0.5 | $0 |
| RUSTY SMALLEY JR | DIRECTOR Trustee or director | 0.5 | $0 |
| DEBORAH FOX | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| JUDY LYNN-CRAIG | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES STARK | DIRECTOR Trustee or director | 0.5 | $0 |
| TED STILGENBAUR | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES NICOLA | DIRECTOR Trustee or director | 0.5 | $0 |
| DEVAN WHITE | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| SHANE GANNON | INTERIM DIRECTOR AS OF NOV., 2024 Trustee or director | 0.5 | $0 |
| BRET SWANEY | DIRECTOR AS OF 1/1/24 Trustee or director | 0.5 | $0 |
| ANDREW ERJAVEK | DIRECTOR AS OF 1/1/24 Trustee or director | 0.5 | $0 |
| BILL JACKSON | DIRECTOR AS OF 1/1/24 Trustee or director | 0.5 | $0 |
| STEVE SMOLENSKI | DIRECTOR AS OF 1/1/24 Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA KURTZ KUHNS | EXECUTIVE DIRECTOR THRU 10/16/24 Officer | 40 | $135,000 | $1,066 |
| JAMES GRAY | DIRECTOR Officer | 40 | $96,872 | $3,622 |
| MELONY REED | CFO THRU 10/16/24 Officer | 0.5 | $53,971 | $0 |
| BRENT FILAK | DIRECTOR THRU 05/31/23 Officer | 40 | $44,113 | $2,190 |
| ED BALLING | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WILLIAM B BLANEY | ASSISTANT TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| TODD CASTEEL | 2ND VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MARK FIKE | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES FOUTZ | PAST CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL GEORGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| C J CALLAHAN | DIRECTOR AS OF 1/1/23 Trustee or director | 0.5 | $0 | $0 |
| DAN GEARING | 1ST VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| MAX HOUSE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LAWRENCE J KIEFER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| STEPHEN M NEUBAUER | ASST SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| GREGORY A PARSONS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| RUSTY SMALLEY JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEBORAH FOX | DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| JUDY LYNN-CRAIG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAMES STARK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TED STILGENBAUR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAMES NICOLA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEVAN WHITE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TIMOTHY FLECKER | INTERIM DIRECTOR AS OF 1/1/23 Trustee or director | 0.5 | $0 | $0 |
| GLENN A VALDISERRI | CFO AS OF 10/18/24 Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1040 EBERLY WAY STE 200, LEMONT FRNC, PA 15456-1350
- In care of
- % INTEGRA BANK BLDG
- Principal officer (990 for 2024)
- TIMOTHY FLECKER, 1040 EBERLY WAY SUITE 200, LEMONT FURNACE, PA 15456
- Signed the 990
- TIMOTHY FLECKER, EXECUTIVE DIRECTOR
- Phone
- (724) 437-7913
- Website
- WWW.FAYPENN.ORG
- Return prepared by
- H2R CPA
Mission
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL ASSISTS IN GROWING AND DIVERSIFYING THE ECONOMY IN FAYETTE COUNTY, PENNSYLVANIA. SEE PAGE 1, PART I, QUESTION 1 AND SCHEDULE O.
Program accomplishments
- THE CORPORATION WAS FORMED IN 1991 TO ASSIST IN THE ECONOMIC REVITALIZATION EFFORTS OF FAYETTE COUNTY, PENNSYLVANIA. THE ORGANIZATION PROVIDES COMPREHENSIVE, SECOND-TO-NONE, BUSINESS DEVELOPMENT SERVICES WHICH INCLUDE LOW-INTEREST FINANCING THROUGH ITS REVOLVING LOAN FUND (RLF), BUSINESS PLANNING, TECHNICAL ASSISTANCE, TRAINING AND COUNSELING TO FACILITATE NEW BUSINESS DEVELOPMENT AND ENTREPRENEURIALISM. FAY-PENN ALSO PROMOTES FAYETTE COUNTY AS A PLACE TO DO BUSINESS BY PROVIDING SITE SELECTION ASSISTANCE THROUGH BUSINESS PARK AND MULTI-TENANT FACILITIES DEVELOPMENT STRATEGY. FAY-PENN OWNS, CONSTRUCTS, AND OPERATES NUMEROUS READILY-AVAILABLE LAND AND BUILDING SITES THROUGHOUT THE COUNTY IN AN EFFORT TO ATTRACT TENANTS AND CREATE MORE JOBS. TO DATE, FAY-PENN HAS COMPLETED OVER 482 PROJECTS, CREATED AND/OR RETAINED OVER 11,801 JOBS, RESULTING IN $1.463 BILLION IN NEW INVESTMENT THROUGHOUT THE COUNTY AND CAPITAL IMPROVEMENTS OF $4.7 MILLION. FAY-PENN HAS ALSO FINANCED 220 LOANS.Expenses $3,371,163 · revenue $5,327,782
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
- 25-1649514
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $65,802,678
- Income (IRS master file)
- $7,888,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,357,096 | $4,117,862 | $65,802,678 | IRS |
| 990 | December 2023 | $4,236,301 | $4,161,109 | $60,743,118 | XML |
| 990 | December 2022 | $5,269,897 | $4,155,247 | $57,122,133 | 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 25-1649514).
Questions about FAY-PENN ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of FAY-PENN ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FAY-PENN ECONOMIC DEVELOPMENT CORPORATION is 25-1649514.
- Is FAY-PENN ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to FAY-PENN ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAY-PENN 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 FAY-PENN 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 FAY-PENN 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 FAY-PENN ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names TIMOTHY FLECKER.
- Who are the officers and directors of FAY-PENN ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 28 people; 4 received compensation from the organization, the highest $112,054 (LAURA KURTZ KUHNS, EXECUTIVE DIRECTOR THRU 10/21/24).
- How much revenue does FAY-PENN ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,357,096, expenses of $4,117,862 and total assets of $65,802,678 at year end.
Other nonprofits in LEMONT FRNC
- FAYETTE BOARD OF REALTORS EIN 25-1236266 · last filed 990-EZ for 2025
- LEMONT FURNACE SPORTSMANS CLUB EIN 47-5577480 · last filed 990 for 2024
- SIGHT OF HOPE INC EIN 85-4244829 · last filed 990-EZ for 2024
- KEEPING THE FAITH ANIMAL SHELTER & RESCUE CENTER INC EIN 83-4153940 · last filed 990-EZ for 2024
- CONQUERYOURWAR EIN 82-4111900 · last filed 990-N for 2024
- AIR MISSIONS OF MERCY INC EIN 47-3339152 · last filed 990-N for 2024
- SOUTHWEST PROJECT GRASS COORDINATING COMMITTEE EIN 33-1233994 · last filed 990-N for 2025
- PRICE MINISTRIES INC EIN 92-0982535 · last filed 990-N for 2023
All nonprofits in LEMONT FRNC · Pennsylvania · Community improvement and capacity building