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
Personnel at Fay-Penn Economic Development Council
Name | Title | Compensation | Date of data |
---|
Brent Filak | Chief Financial Officer | $89,132 | 2022-12-31 |
Melony Reed | Chief Financial Officer As of 7 and 2023 | $0 | 2022-12-31 |
Laura Kurtz Kuhns | Executive Director | $76,366 | 2023-10-12 |
Robert Shark | Past Current - Executive Director | $92,511 | 2021-12-31 |
Dan Gearing | First Vice Chairman | $0 | 2022-12-31 |
...and 10 more key personnel |
Financials for Fay-Penn Economic Development Council
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $911,063 | $528,358 | 72.4% |
Program services | $3,048,838 | $2,627,290 | 16% |
Investment income and dividends | $89,626 | $104,482 | -14.2% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $130,653 | $94,995 | 37.5% |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $1,025,752 | $744,996 | 37.7% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $63,965 | $17,449 | 266.6% |
Total revenues | $5,269,897 | $4,117,570 | 28% |
Organizations like Fay-Penn Economic Development Council
Organization | Type | Location | Revenue |
---|
Battle Creek Unlimited (BCU) | 501(c)(3) | Battle Creek, MI | $19,224,833 |
Invest Detroit | 501(c)(3) | Detroit, MI | $24,220,233 |
Bear Paw Development Corporation | 501(c)(3) | Havre, MT | $1,522,594 |
Connecticut Center for Advanced Technology (CCAT) | 501(c)(3) | East Hartford, CT | $10,021,083 |
Southern Minnesota Initiative Foundation (SMIF) | 501(c)(3) | Owatonna, MN | $5,876,900 |
Southern Bancorp Community Partners | 501(c)(3) | Little Rock, AR | $3,481,550 |
Maui Economic Development Board | 501(c)(3) | Kihei, HI | $6,751,092 |
Choose New Jersey | 501(c)(3) | Newark, NJ | $8,239,156 |
Main Street Ventures (the Brandery) | 501(c)(3) | Cincinnati, OH | $2,249,420 |
Mon Valley Initiative (MVI) | 501(c)(3) | Homestead, PA | $14,993,148 |
Data update history
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 donationsAccepts online 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/Â
- 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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