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Nonprofit · EIN 25-6061724

CORRY AREA INDUSTRIAL DEVELOPMENT CORP

Tax-exempt · CORRY, PA 16407

Financials

$2.6M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of CORRY AREA INDUSTRIAL DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 28, 2025990$2,616,961$1,465,015$1,151,946$11,915,374$1,107,161$10,808,213
Financial details: 990 for the year ended February 28, 2025

Revenue

Contributions, gifts and grants
$37,500
Program service revenue
$2,482,604
Investment income
$96,857
Other revenue
$0

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
Legal fees
$53,029
Accounting fees
$7,656
Occupancy
$941,188
Depreciation
$290,297
Program services (functional)
$1,385,551
Management and general (functional)
$79,464

Balance sheet and other

Total assets, start of year
$11,447,607
Total assets, end of year
$11,915,374
Total liabilities, end of year
$1,107,161
Net assets, end of year
$10,808,213
Land, buildings and equipment
$7,891,670
Net assets without donor restrictions
$10,808,213
Gross receipts
$2,616,961
Employees
0
Year formed
1959
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 February 28, 2025, highest compensation first.

NameTitleHours / weekCompensation
Dave DearbornSecretary
Trustee or director, Officer
2$0
Kelly SoetyDirector
Trustee or director
2$0
David SamplePresident
Trustee or director, Officer
2$0
Bill NicholsDirector
Trustee or director
2$0
Brad RussellTreasurer
Trustee or director, Officer
2$0
Scott BradyVice President
Trustee or director, Officer
2$0
Bob WilliamsDirector
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 125, CORRY, PA 16407-0125
Principal officer (990 for 2024)
David Sample, PO Box 125, Corry, PA 16407
Signed the 990
David Sample, President
Phone
(814) 664-3884
Return prepared by
Maloney Reed Scarpitti & Company LLP

Mission

To provide economic growth to the Corry Area of Northwestern Pennsylvania.

990 for the year ended February 28, 2025

Program accomplishments

  • To provide low interest loans to local businesses to promote economic growth in the community and surrounding areas.
    Expenses $1,385,551

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 February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026Not on file
2024February 28, 2025July 15, 2025990 on file
2023February 29, 2024July 15, 2024990 on file

IRS record

EIN
25-6061724
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1964
Accounting year ends
February
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,915,374
Income (IRS master file)
$2,616,961

Filing history

FormYear endedRevenueExpensesAssetsReturn
990February 2025$2,616,961$1,465,015$11,915,374XML
990February 2024–––IRS
990February 2023$1,772,458$1,193,604$8,283,958IRS
990February 2022–––IRS
990February 2021–––IRS
990February 2019–––IRS
990February 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 CORRY AREA INDUSTRIAL DEVELOPMENT CORP

What is the EIN of CORRY AREA INDUSTRIAL DEVELOPMENT CORP?
The employer identification number (EIN) of CORRY AREA INDUSTRIAL DEVELOPMENT CORP is 25-6061724.
Is CORRY AREA INDUSTRIAL DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1964.
Are donations to CORRY AREA INDUSTRIAL DEVELOPMENT CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CORRY AREA INDUSTRIAL DEVELOPMENT CORP 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 CORRY AREA INDUSTRIAL DEVELOPMENT CORP due?
The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORRY AREA INDUSTRIAL DEVELOPMENT CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended February 2025.
Who is the principal officer of CORRY AREA INDUSTRIAL DEVELOPMENT CORP?
The 990 for the year ended February 28, 2025 names David Sample.
Who are the officers and directors of CORRY AREA INDUSTRIAL DEVELOPMENT CORP?
The 990 for the year ended February 28, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does CORRY AREA INDUSTRIAL DEVELOPMENT CORP have?
On its 990 for the year ended February 28, 2025 it reported revenue of $2,616,961, expenses of $1,465,015 and total assets of $11,915,374 at year end.

Other nonprofits in CORRY

All nonprofits in CORRY · Pennsylvania