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EIN 23-6402651

Economic Development Company of Lancaster County (EDC)

IRS 501(c) type
501(c)(6)
Num. employees
16
City
Lancaster
State
Pennsylvania
Year formed
1960
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
The Economic Development Company of Lancaster County (EDC) is the leading organization dedicated to promoting business development and expansion within Lancaster County, Pennsylvania. A private, not-for-profit, non-government organization EDC works on a number of fronts to promote the economic well-being of our communities. Whether you are starting up your business, expanding your presence here or considering a corporate relocation, EDC can assist you with everything from site location to financing.
Total revenues
$1,595,635
2023
Total expenses
$1,721,797
2023
Total assets
$2,858,363
2023
Num. employees
16
2023

Program areas at EDC

Edc enhances the Economic well-being of Lancaster County by bringing together business, capital, and government resources for data-driven, selective, and sustainable growth. Edc's core strategies are to 1) expand business retention and expansion efforts, 2) grow Economic Development project financing resources, tools, and expertise, 3) lead effective responses to distinct local/regional Economic opportunities or challenges, and 4) integrate thoughtful analytics.

Personnel at EDC

NameTitleCompensation
Lisa D RiggsPresident$200,907
Liz MartinBoard Vice Chair$0
Lyle D HoslerVice President$106,158
Troy A ClairBoard Chair$0
John W. BiemillerDirector, Business Retention and Expansion$81,013

Financials for EDC

RevenuesFYE 12/2023
Total grants, contributions, etc.$92,308
Program services$1,549,093
Investment income and dividends$85,136
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-130,902
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,595,635

Form 990s for EDC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-25990View PDF
2022-122023-06-15990View PDF
2021-122022-08-10990View PDF
2020-122021-07-20990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s
Data update history
February 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 25, 2023
Updated personnel
Identified 3 new personnel
May 9, 2023
Updated personnel
Identified 2 new personnel
October 2, 2022
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
115 E King St
Lancaster, PA 17602
Metro area
Lancaster, PA
County
Lancaster County, PA
Website URL
edclancaster.com/ 
Phone
(717) 397-4046
Facebook page
economic-development-company-of-lancaster-county 
IRS details
EIN
23-6402651
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1960
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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