2024-06-14T09:43:27-04:00 2023-12-31 232749044 BEE BERGVALL & CO PO BOX 754 WARRINGTON PA 189760754 990 2023-01-01 231524674 BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION BUCK 2153489031 115 WEST COURT STREET 2ND FLOOR DOYLESTOWN PA 18901 ROBERT F CORMACK EXECUTIVE DIREC 2153489031 2024-05-30 true ROBERT CORMACK 999009999 false CYNTHIA BERGVALL CPA P00133440 2153432727 2024-06-14 2023 2023-04-26 12:10:37Z ROBERT F CORMACK 115 WEST COURT STREET 2ND FLOOR DOYLESTOWN PA 18901 508796 false X WWW.BCEDC.COM X 1958 PA THE MISSION OF THE BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION (BCEDC) IS TO CREATE A STRONG AND VITAL ECONOMIC BASE THROUGH THE PRESERVATION AND CREATION OF JOB OPPORTUNITIES FOR BUCKS COUNTY RESIDENTS. THE BCEDC ASSISTS COMPANIES WITH START UP, EXPANSION AND/OR RELOCATION PLANNING BY PROVIDING LONG-TERM, LOW INTEREST LOANS FOR LAND, BUILDINGS, MACHINERY AND EQUIPMENT. VARIOUS PROGRAMS ARE COMBINED TO CREATE INNOVATIVE FINANCING ALTERNATIVES AT LOWER THAN CONVENTIONAL RATES. INCENTIVES TO EXPAND IN BUCKS COUNTY INCLUDE LOW INTEREST LOAN THROUGH THE COUNTY, THE COMMONWEALTH OF PENNSYLVANIA AND US SMALL BUSINESS ADMINISTRATION. 18 18 4 18 0 0 403311 281952 40814 196902 36761 29942 480886 508796 0 0 496738 519665 0 0 172171 175718 668909 695383 -188023 -186587 9691942 8056757 3873314 2424716 5818628 5632041 X THE MISSION OF THE BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION (BCEDC) IS TO CREATE A STRONG AND VITAL ECONOMIC BASE THROUGH THE PRESERVATION AND CREATION OF JOB OPPORTUNITIES FOR BUCKS COUNTY RESIDENTS. THE BCEDC ASSISTS COMPANIES WITH START UP, EXPANSION AND/OR RELOCATION PLANNING BY PROVIDING LONG-TERM, LOW INTEREST LOANS FOR LAND, BUILDINGS, MACHINERY AND EQUIPMENT. VARIOUS PROGRAMS ARE COMBINED TO CREATE INNOVATIVE FINANCING ALTERNATIVES AT LOWER THAN CONVENTIONAL RATES. INCENTIVES TO EXPAND IN BUCKS COUNTY INCLUDE LOW INTEREST LOAN THROUGH THE COUNTY, THE COMMONWEALTH OF PENNSYLVANIA AND US SMALL BUSINESS ADMINISTRATION. false false 465751 281952 CORPORATION PROVIDES LOW COST LOANS TO COMMERCIAL AND NON-COMMERCIAL ENTITIES FUNDED BY THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY OR OTHER LENDERS IN ORDER TO STIMULATE THE LOCAL ECONOMY. 465751 false false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 4 0 true 4 true false false false false false false false false X 18 18 false false false false true true false true true false false true true true true true true true false false X ROBERT F CORMACK 2153489031 115 WEST COURT STREET 2ND FLOOR DOYLESTOWN PA 18901 ROBERT F CORMACK EXECUTIVE DI 40.00 X 194785 0 9673 JIM PAWLIKOWSKI KEY EMPLOYEE 40.00 X 117520 0 5932 JAMES BLEAKLY PRESIDENT 1.00 X X 0 0 0 DAVID R BREIDINGER DIRECTOR 1.00 X 0 0 0 PHIL EASTMAN SECRETARY 1.00 X X 0 0 0 GERALD C FOREST VICE PRESIDE 1.00 X X 0 0 0 CHRISTOPHER GOSHALL DIRECTOR 1.00 X 0 0 0 DAN E HINES DIRECTOR 1.00 X 0 0 0 THOMAS KEISER TREASURER/AS 1.00 X X 0 0 0 TOM KROL DIRECTOR 1.00 X 0 0 0 GREGORY F KRUG DIRECTOR 1.00 X 0 0 0 ROBERT LATRONICA DIRECTOR 1.00 X 0 0 0 ED LYDON DIRECTOR 1.00 X 0 0 0 GEORGE NIBLOCK DIRECTOR 1.00 X 0 0 0 MICHAEL BORSKI SR DIRECTOR 1.00 X 0 0 0 SHERRI SCHULZ DIRECTOR 1.00 X 0 0 0 RICHARD B MILLHAM SR DIRECTOR 1.00 X 0 0 0 ROBERT STEINHART MEMBER AT LA 1.00 X 0 0 0 MICHAEL TUR ASST. TREASU 1.00 X 0 0 0 MAT ZOGLIO DIRECTOR 1.00 X 0 0 0 312305 15605 2 false true false REFERRAL FEES 522292 148266 148266 LOAN INTEREST 522292 44526 44526 COMMITMENT FEES 522292 42600 42600 SERVICE FEES 522292 18860 18860 APPLICATION FEES 522292 17000 17000 10700 10700 281952 196902 196902 ANNUAL ORGANIZATION DINNER 900099 26450 26450 TERMINATION FEES 900099 3250 3250 LATE FEES 900099 242 242 29942 508796 311894 196902 204458 163566 40892 226419 139015 87404 11385 7003 4382 46762 32733 14029 30641 21449 9192 15000 15000 8100 1170 6930 1716 1716 4687 4687 13830 9006 4824 6854 1523 5331 69818 45531 24287 8513 6407 2106 813 534 279 5518 5518 2508 2508 24190 16933 7257 MEETINGS 12461 12461 DUES AND SUBSCRIPTIONS 1210 363 847 CONTRIBUTIONS 500 500 695383 465751 229632 0 4892588 4430939 1184836 1549860 19668 19720 32819 31822 3505 997 3591345 2055241 9691942 8056757 7051 86126 2521 3528 3438439 1951846 273371 278889 151932 104327 3873314 2424716 X 5818628 5632041 5818628 5632041 9691942 8056757 -186587 X false true X true false 18645 18018 627 14174 13804 370 997 INVESTMENT IN LEASE AGREEMENTS 1951846 RIGHT OF USE 103395 2055241 LEASE LIABILITY 104327 104327 496335 -12461 -12461 508796 508796 682922 682922 12461 12461 695383 SCHEDULE D, PAGE 4, PART XI, LINE 2D ANNUAL DINNER EXPENSES -12,461 SCHEDULE D, PAGE 4, PART XII, LINE 4B ANNUAL DINNER EXPENSES 12,461 X false false false false false false false false false ROBERT F CORMACK EXECUTIVE DIREC 194785 9673 204458 FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION (BCEDC) IS TO CREATE A STRONG AND VITAL ECONOMIC BASE THROUGH THE PRESERVATION AND CREATION OF JOB OPPORTUNITIES FOR BUCKS COUNTY RESIDENTS. THE BCEDC ASSISTS COMPANIES WITH START UP, EXPANSION AND/OR RELOCATION PLANNING BY PROVIDING LONG-TERM, LOW INTEREST LOANS FOR LAND, BUILDINGS, MACHINERY AND EQUIPMENT. VARIOUS PROGRAMS ARE COMBINED TO CREATE INNOVATIVE FINANCING ALTERNATIVES AT LOWER THAN CONVENTIONAL RATES. INCENTIVES TO EXPAND IN BUCKS COUNTY INCLUDE LOW INTEREST LOAN THROUGH THE COUNTY, THE COMMONWEALTH OF PENNSYLVANIA AND US SMALL BUSINESS ADMINISTRATION. FORM 990, PAGE 6, PART VI, LINE 6 THERE IS ONE CLASS OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ELECT THE BOARD ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PROVIDED FIRST TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE AUDIT COMMITTEE THEN RECOMMENDS APPROVAL TO THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 12C REVIEWED AT ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE WITH PROPOSALS TO THE BOARD REGARDING COMPENSATION FOR THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC.