EIN 46-2271570

PPL Development

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2013
Most recent tax filings
2022-12-01
Description
PPL Development's mission is to acquire and hold title to property for the purpose of building a public library in Petersburg, VA. They develop the property into a library, lease it out, and collect income from it. The income collected is turned over to the city after expenses are subtracted. Currently, the library is leased to the Petersburg Library Foundation and serves as a public facility.
Related structure
PPL Development is a subordinate organization under The Petersburg Library Foundation.
Total revenues
$377,000
2022
Total expenses
$471,426
2022
Total assets
$11,298,646
2022
Num. employees
0
2022

Program areas at PPL Development

The library is currently leased to the Petersburg Library Foundation. This program represents the expenses of the library as a public facility.

Who funds PPL Development

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Petersburg Library FoundationTo Complete Library Construction$240,000

Personnel at PPL Development

NameTitleCompensation
Wayne M CrockerPresident$0
F Heath MyersSecretary and Treasurer$0
Robert C WalkerVice President$0
Irvin M CarterSecretary and Treasurer$0

Financials for PPL Development

RevenuesFYE 12/2022
Total grants, contributions, etc.$240,000
Program services$137,000
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$377,000

Form 990s for PPL Development

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-10990View PDF
2021-122022-09-02990View PDF
2020-122021-08-10990View PDF
2019-122020-08-19990View PDF
2018-122019-10-31990View PDF
...and 5 more Form 990s
Data update history
October 9, 2023
Updated personnel
Identified 1 new personnel
October 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 26, 2023
Received grants
Identified 1 new grant, including a grant for $240,000 from The Petersburg Library Foundation
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
School foundationsGrantmaking organizationsChapter / child organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationState / local levelTax deductible donationsNo full-time employees
General information
Address
201 W Washington St
Petersburg, VA 23803
Metro area
Richmond, VA
County
Petersburg city, VA
Phone
(804) 733-2387
IRS details
EIN
46-2271570
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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