Nonprofit · EIN 75-2977069
BENSALEM ECONOMIC DEVELOPMENT CORP
Also known as PAUL GIORDANO
Tax-exempt · BENSALEM, PA 19020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $152,640 | $180,186 | -$27,546 | $1,323,907 | $0 | $1,323,907 |
| December 31, 2023 | 990 | $153,842 | $167,532 | -$13,690 | $1,269,196 | $0 | $1,269,196 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $36,394
- Program service revenue
- $7,401
- Investment income
- $80,364
- Net income from fundraising events
- $28,481
- Other revenue
- $28,481
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $78,766
- Salaries, compensation and benefits (total)
- $85,638
- Professional fundraising fees
- $0
- Legal fees
- $63
- Accounting fees
- $900
- Travel
- $16
- Program services (functional)
- $179,086
- Management and general (functional)
- $1,100
Balance sheet and other
- Total assets, start of year
- $1,269,196
- Total assets, end of year
- $1,323,907
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,323,907
- Publicly traded securities
- $1,294,358
- Gross unrelated business income
- $7,401
- Gross receipts
- $177,754
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2001
- 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 |
|---|---|---|---|
| ROBERT NORKUS | BOARD OF DIRECTOR Trustee or director | 30 | $78,766 |
| BRIAN CUMMINGS | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| JOHN COSTELLO | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| SAM MADULLA | EXECUTIVE DIRECTOR Trustee or director | 0 | $0 |
| AL GOUGLER | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| JIM HUMPHREYS | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| LEO WESOLOWSKI | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| DAVE FACKLER | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| CLIFF GREER | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| MAYOR DIGIROLAMO | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| PAT DUFFY | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| ASHLEY THOMAS | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| ARCH SHARMA | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL COOK | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| STEVE NOLL | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOMMY TOMLINSON | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT NORKUS | BOARD OF DIRECTOR Trustee or director | 30 | $72,917 |
| BRIAN CUMMINGS | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| JOHN COSTELLO | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| SAM MADULLA | EXECUTIVE DIRECTOR Trustee or director | 0 | $0 |
| AL GOUGLER | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| JIM HUMPHREYS | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| LEO WESOLOWSKI | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| DAVE FACKLER | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| CLIFF GREER | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| MAYOR DIGIROLAMO | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| PAT DUFFY | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| ASHLEY THOMAS | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| ARCH SHARMA | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL COOK | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| STEVE NOLL | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
| TOMMY TOMLINSON | BOARD OF DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2400 BYBERRY RD, BENSALEM, PA 19020-6102
- In care of
- % GEORGE FLOCCO
- Principal officer (990 for 2024)
- ALWYN GOUGLER, 4339 OLD LINCOLN HIGHWAY, TREVOSE, PA 19053
- Signed the 990
- ALWYN GOUGLER, CHAIRMAN
- Phone
- (215) 633-3681
- Website
- HTTP://WWW.BENSALEM-EDC.COM
- Return prepared by
- KEISER GIORDANO CPA'S PC
Mission
TO FACILITATE BUSINESS WORKING WITH GOVERNMENT IN A FRIENDLY ENVIRONMENT
Program accomplishments
- TO FACILITATE BUSINESS WORKING WITH GOVERNMENT IN A FRIENDLY ENVIRONMENTExpenses $179,086
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
- 75-2977069
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S410)
- Assets (IRS master file)
- $1,323,907
- Income (IRS master file)
- $177,754
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $152,640 | $180,186 | $1,323,907 | XML |
| 990 | December 2023 | $153,842 | $167,532 | $1,269,196 | XML |
| 990 | December 2022 | $47,921 | $111,486 | $1,189,026 | 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 75-2977069).
Questions about BENSALEM ECONOMIC DEVELOPMENT CORP
- What is the EIN of BENSALEM ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of BENSALEM ECONOMIC DEVELOPMENT CORP is 75-2977069.
- Is BENSALEM ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2003.
- Are donations to BENSALEM ECONOMIC DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BENSALEM ECONOMIC 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 BENSALEM ECONOMIC DEVELOPMENT CORP 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 BENSALEM ECONOMIC DEVELOPMENT CORP 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 BENSALEM ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names ALWYN GOUGLER.
- Who are the officers and directors of BENSALEM ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $78,766 (ROBERT NORKUS, BOARD OF DIRECTOR).
- How much revenue does BENSALEM ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $152,640, expenses of $180,186 and total assets of $1,323,907 at year end.
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All nonprofits in BENSALEM · Pennsylvania · Community improvement and capacity building