Nonprofit · EIN 25-1657575
ECONOMIC ALLIANCE FOUNDATION INC
Tax-exempt · MEADVILLE, PA 16335
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $74,473 | $132,919 | -$58,446 | $744,838 | $8,003 | $736,835 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,687
- Net rental income
- $72,786
- Other revenue
- $72,786
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,500
- Program services (functional)
- $80,669
- Management and general (functional)
- $52,250
Balance sheet and other
- Total assets, start of year
- $815,674
- Total assets, end of year
- $744,838
- Total liabilities, end of year
- $8,003
- Net assets, end of year
- $736,835
- Land, buildings and equipment
- $346,887
- Net assets without donor restrictions
- $736,835
- Gross receipts
- $216,713
- Employees
- 0
- Volunteers
- 16
- 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 |
|---|---|---|---|
| James T Cessna | Director Trustee or director | 1 | $0 |
| Timothy J Bracken | Director Trustee or director | 1 | $0 |
| Thomas R Stanton | Treasurer Trustee or director, Officer | 2 | $0 |
| Brian T Gildea | Director Trustee or director | 1 | $0 |
| Brain S Nageotte | Director Trustee or director | 1 | $0 |
| Jeffrey J Passilla | Secretary Trustee or director, Officer | 2 | $0 |
| Paul L Huber | Vice President Trustee or director, Officer | 2 | $0 |
| Philip E Pandolph | Director Trustee or director | 1 | $0 |
| Bonnie S Kuhn | Director Trustee or director | 1 | $0 |
| Joseph C Ledford | President Trustee or director, Officer | 2 | $0 |
| Nicola Dent-Fisher | Director Trustee or director | 1 | $0 |
| J Christopher Soff | Asst. Sec/Treas Trustee or director, Officer | 2 | $0 |
| James J Becker | Executive Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 798 BESSEMER ST, MEADVILLE, PA 16335-1856
- Principal officer (990 for 2024)
- Joseph C Ledford, 798 Bessemer Street, Meadville, PA 16335
- Signed the 990
- Joseph C Ledford, President
- Phone
- (814) 333-2299
- Return prepared by
- Maloney Reed Scarpitti & Company LLP
Mission
The Economic Alliance Foundation, Inc. promotes programs to combat community deterioration in the Crawford County Pennsylvania geographical area.
Program accomplishments
- Administers various activities to provide site improvements, promote community revitalization programs and operation of a commercial business park.Expenses $80,669
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
- 25-1657575
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $744,838
- Income (IRS master file)
- $216,713
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $70,021 | $163,085 | $815,674 | IRS |
| 990 | December 2022 | $203,006 | $110,004 | $899,311 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ECONOMIC ALLIANCE FOUNDATION INC
- What is the EIN of ECONOMIC ALLIANCE FOUNDATION INC?
- The employer identification number (EIN) of ECONOMIC ALLIANCE FOUNDATION INC is 25-1657575.
- Is ECONOMIC ALLIANCE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to ECONOMIC ALLIANCE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC ALLIANCE FOUNDATION INC 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 ECONOMIC ALLIANCE FOUNDATION INC 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 ECONOMIC ALLIANCE FOUNDATION INC 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 ECONOMIC ALLIANCE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Joseph C Ledford.
- Who are the officers and directors of ECONOMIC ALLIANCE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC ALLIANCE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $74,473, expenses of $132,919 and total assets of $744,838 at year end.
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All nonprofits in MEADVILLE · Pennsylvania · Community improvement and capacity building