EIN 25-1649514

Fay-Penn Economic Development Council

IRS 501(c) type
501(c)(3)
Num. employees
13
Year formed
1991
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Fay-Penn Economic Development Council assists in growing and diversifying the economy in Fayette County, Pennsylvania. Its ultimate objective is to sustain a supportive environment for business start-up, expansion, and attraction. The corporation was formed in 1991 to revitalize the economy of the region and provides comprehensive business development services, including low-interest financing through its rev. Fay-Penn's efforts target the intended audiences to achieve economic success in Fayette County.
Total revenues
$5,269,897
2022
Total expenses
$4,155,247
2022
Total assets
$57,122,133
2022
Num. employees
13
2022

Program areas at Fay-Penn Economic Development Council

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 438 projects, created and/or retained over 11,514 jobs, resulting in $1.40 billion in new investment throughout the county. Fay-Penn has also financed 211 loans, resulting in the creation and/or retention of over 4,600 jobs.

Who funds Fay-Penn Economic Development Council

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NiSource Charitable FoundationCorporate Donation$4,000

Personnel at Fay-Penn Economic Development Council

NameTitleCompensation
Brent FilakChief Financial Officer$89,132
Melony ReedChief Financial Officer As of 7 and 2023$0
Laura Kurtz KuhnsExecutive Director$76,366
Robert SharkPast Current - Executive Director$92,511
William B BlaneyAssistant Treasurer$0
...and 10 more key personnel

Financials for Fay-Penn Economic Development Council

RevenuesFYE 12/2022
Total grants, contributions, etc.$911,063
Program services$3,048,838
Investment income and dividends$89,626
Tax-exempt bond proceeds$0
Royalty revenue$130,653
Net rental income$0
Net gain from sale of non-inventory assets$1,025,752
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$63,965
Total revenues$5,269,897

Form 990s for Fay-Penn Economic Development Council

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-12990View PDF
2021-122022-08-15990View PDF
2020-122021-09-03990View PDF
2019-122021-02-09990View PDF
2018-122019-10-11990View PDF
...and 9 more Form 990s

Organizations like Fay-Penn Economic Development Council

OrganizationLocationRevenue
Innovate MississippiJackson, MS$1,998,207
Connecticut Center for Advanced Technology (CCAT)East Hartford, CT$10,021,083
Enterprise Florida (EFI)Orlando, FL$16,140,627
Invest DetroitDetroit, MI$24,220,233
Bear Paw Development CorporationHavre, MT$1,522,594
Missouri EnterpriseRolla, MO$4,973,546
Choose New JerseyNewark, NJ$8,239,156
Mon Valley Initiative (MVI)Homestead, PA$6,041,263
Main Street Ventures (the Brandery)Cincinnati, OH$1,779,738
Greenpoint Manufacturing and Design Center (GMDC)Brooklyn, NY$5,077,800
Data update history
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $4,000 from NiSource Charitable Foundation
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 26, 2023
Updated personnel
Identified 4 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 7, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingGala fundraisersTax deductible donations
General information
Address
1040 Eberly Way Suite 200
Lemont Furnace, PA 15456
Metro area
Pittsburgh, PA
County
Fayette County, PA
Website URL
faypenn.org/ 
Phone
(724) 437-7913
IRS details
EIN
25-1649514
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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