Nonprofit · EIN 46-2271570
PPL DEVELOPMENT CO INC
Tax-exempt · PETERSBURG, VA 23803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $476,877 | $472,077 | $4,800 | $10,508,729 | $0 | $10,508,729 |
| December 31, 2023 | 990 | $137,000 | $456,699 | -$319,699 | $10,859,575 | $355,646 | $10,503,929 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $336,277
- of which government grants
- $332,686
- Program service revenue
- $140,600
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $250
- Accounting fees
- $6,200
- Depreciation
- $427,128
- Program services (functional)
- $461,866
- Management and general (functional)
- $10,211
Balance sheet and other
- Total assets, start of year
- $10,859,575
- Total assets, end of year
- $10,508,729
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,508,729
- Land, buildings and equipment
- $10,388,028
- Net assets without donor restrictions
- $10,508,729
- Gross receipts
- $476,877
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2013
- State of legal domicile
- VA
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 |
|---|---|---|---|
| Wayne M Crocker | President Trustee or director, Officer | 5 | $0 |
| Robert C Walker | Vice President Trustee or director, Officer | 2 | $0 |
| March Altman | Director Trustee or director | 2 | $0 |
| Joy Burroughs | Sec/Treas Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wayne M Crocker | President Trustee or director, Officer | 5 | $0 |
| Robert C Walker | Vice President Trustee or director, Officer | 2 | $0 |
| March Altman | Director Trustee or director | 2 | $0 |
| F Heath Myers Jr | Secretary/Treas Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 201 W WASHINGTON ST, PETERSBURG, VA 23803-4203
- In care of
- % WAYNE CROCKER
- Principal officer (990 for 2024)
- Wayne M Crocker, 201 W Washington Street, Petersburg, VA 23803
- Signed the 990
- Wayne M Crocker, President
- Phone
- (804) 733-2387
- Return prepared by
- Ragland & Associates LLC
Mission
To acquire and hold title to property to be used as a public library for the City of Petersburg, Virginia, developing such property as a library, leasing such a library and collecting income therefrom, and turning over the entirety of such income, less expenses, to the Petersburg Library Foundation, Inc. (PLF), a non profit corporation exempt under section 501 (c)(3) of the Code; supporting the mission, programs, and efforts of PLF in respect of the development, use and operation of such library; and engaging in any other lawful acts or activities for which corporations may be organized under Virginia Non-Stock Corporation Act necessary to satisfy the foregoing purposes.
Program accomplishments
- The library is currently leased to the Petersburg Library Foundation. This program represents the expenses of the library as a public facility.Expenses $461,866
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
- 46-2271570
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $10,508,729
- Income (IRS master file)
- $476,877
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $476,877 | $472,077 | $10,508,729 | XML |
| 990 | December 2023 | $137,000 | $456,699 | $10,859,575 | XML |
| 990 | December 2022 | $377,000 | $471,426 | $11,298,646 | 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 46-2271570).
Questions about PPL DEVELOPMENT CO INC
- What is the EIN of PPL DEVELOPMENT CO INC?
- The employer identification number (EIN) of PPL DEVELOPMENT CO INC is 46-2271570.
- Is PPL DEVELOPMENT CO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to PPL DEVELOPMENT CO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does PPL DEVELOPMENT CO 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 PPL DEVELOPMENT CO 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 PPL DEVELOPMENT CO 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 PPL DEVELOPMENT CO INC?
- The 990 for the year ended December 31, 2024 names Wayne M Crocker.
- Who are the officers and directors of PPL DEVELOPMENT CO INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PPL DEVELOPMENT CO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $476,877, expenses of $472,077 and total assets of $10,508,729 at year end.
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