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
Dan GearingFirst Vice Chairman$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
Battle Creek Unlimited (BCU)Battle Creek, MI$19,224,833
Invest DetroitDetroit, MI$24,220,233
Bear Paw Development CorporationHavre, MT$1,522,594
Connecticut Center for Advanced Technology (CCAT)East Hartford, CT$10,021,083
Southern Minnesota Initiative Foundation (SMIF)Owatonna, MN$5,876,900
Southern Bancorp Community PartnersLittle Rock, AR$3,481,550
Maui Economic Development BoardKihei, HI$6,751,092
Choose New JerseyNewark, NJ$8,239,156
Main Street Ventures (the Brandery)Cincinnati, OH$2,249,420
Mon Valley Initiative (MVI)Homestead, PA$14,993,148
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 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/ 
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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