2024-01-16T15:36:33-06:00 2023-06-30 231518888 MAILLIE LLP 600 WILLOWBROOK LANE SUITE 624 WEST CHESTER PA 19382 990 2022-07-01 231576225 CHESTER COUNTY ECONOMIC DEVELOPMENT COUNCIL CHES 6104585700 737 CONSTITUTION DRIVE EXTON PA 19341 JAMES HAMMOND VP FINANCE 6104585700 2023-12-14 1 JAMES HAMMOND 999009999 0 CRAIG S SPRINGER CPA P00045936 6106964353 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY SMITH 737 CONSTITUTION DRIVE EXTON PA 19341 4931962 0 X WWW.CCEDCPA.COM X 1960 PA TO FOSTER ECONOMIC GROWTH IN CHESTER COUNTY, PA BY PROVIDING MEANS TO LOW INTEREST FINANCING FOR NEW AND EXISTING BUSINESSES, SITE SELECTION ASSISTANCE, GRANT MANAGEMENT AND OTHER SERVICES. 52 52 36 156 0 0 1614860 1899102 2383386 2876962 7858 29148 0 11009 4006104 4816221 0 0 0 0 2208065 2982274 0 0 0 1827967 1125254 4036032 4107528 -29928 708693 5142654 13364084 2654929 10167666 2487725 3196418 TO FOSTER ECONOMIC GROWTH IN CHESTER COUNTY, PA BY PROVIDING MEANS TO LOW INTEREST FINANCING FOR NEW AND EXISTING BUSINESSES, SITE SELECTION ASSISTANCE, GRANT MANAGEMENT AND OTHER SERVICES. 0 0 4107528 561260 2890112 VARIOUS LOW-INTEREST STATE FINANCING PROGRAMS TO QUALIFIED BUSINESSES 4107528 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 22 0 1 36 1 0 0 0 0 0 0 0 0 0 0 X 52 52 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X JAMES HAMMOND 6104585700 737 CONSTITUTION DRIVE EXTON PA 19341 CRAIG A STYER ESQUIRE CHAIRMAN 1.00 X X 0 0 0 BILL STEDMAN VICE-CHAIR 1.00 X X 0 0 0 MICHAEL J HANKIN TREASURER 1.00 X X 0 0 0 DR R LORRAINE BERNOTSKY SECRETARY 1.00 X X 0 0 0 ARTHUR A BERNARDON AIA HONORARY DIRECTOR 0.50 X 0 0 0 CONRAD M OLIE HONORARY DIRECTOR 0.50 X 0 0 0 EDWARD J BREINER DIRECTOR EMERITUS 0.50 X 0 0 0 EDWIN A BROWNLEY JR HONORARY DIRECTOR 0.50 X 0 0 0 F WILLIAM BOGLE DIRECTOR EMERTIUS 0.50 X 0 0 0 FRANK A PILIERO HONORARY DIRECTOR 0.50 X 0 0 0 HANNO SPRANGER HONORARY DIRECTOR 0.50 X 0 0 0 JIM READING DIRECTOR EMERTIUS 0.50 X 0 0 0 JOHN C SNYDER ESQUIRE HONORARY DIRECTOR 0.50 X 0 0 0 JOSH MAXWELL EX-OFFICIO 0.50 X 0 0 0 MARIAN D MOSKOWITZ DIRECTOR EMERITUS 0.50 X 0 0 0 MICHELLE KICHLINE EX-OFFICIO 0.50 X 0 0 0 NANCY R CORSON HONORARY DIRECTOR 0.50 X 0 0 0 R STANLEY SCHUCK HONORARY DIRECTOR 0.50 X 0 0 0 ROBERT F FISCHER CPA HONORARY DIRECTOR 0.50 X 0 0 0 ROGER N HUGGINS ESQUIRE DIRECTOR EMERTIUS 0.50 X 0 0 0 TIM PHELPS EX-OFFICIO 0.50 X 0 0 0 A STEVEN KRUG EX-OFFICIO 0.50 X 0 0 0 ALBERT D FULLER BOARD MEMBER 0.50 X 0 0 0 ANAND SOLANKI BOARD MEMBER 0.50 X 0 0 0 ANNETTE F FAVORITE BOARD MEMBER 0.50 X 0 0 0 BILL HOSTETTER BOARD MEMBER 0.50 X 0 0 0 BOBBY KAGEL GOVERNMENTAL DIRECTOR 0.50 X 0 0 0 BRIAN N O'LEARY AICP GOVERNMENTAL DIRECTOR 0.50 X 0 0 0 DIANE M DISNEY PHD EX-OFFICIO 0.50 X 0 0 0 DR COLIN J NEILL EX-OFFICIO 0.50 X 0 0 0 DWAYNE WALTON BOARD MEMBER 0.50 X 0 0 0 GAIL B DOOLEY LPN CDP EX-OFFICIO IP CHAIR 0.50 X 0 0 0 GEORGE FIORE EDD EX-OFFICIO 0.50 X 0 0 0 GREG NEWELL EX-OFFICIO IP CHAIR 0.50 X 0 0 0 GREG VIETRI BOARD MEMBER 0.50 X 0 0 0 GREGORY REAVES BOARD MEMBER 0.50 X 0 0 0 JAMES E TURNER BOARD MEMBER 0.50 X 0 0 0 JEANETTE ROMAN GOVERNMENTAL DIRECTOR 0.50 X 0 0 0 JOHN J CAMERO BOARD MEMBER 0.50 X 0 0 0 JOYCE CHESTER BOARD MEMBER 0.50 X 0 0 0 KATHY GORMAN BOARD MEMBER 0.50 X 0 0 0 LAURA MANION EX-OFFICIO 0.50 X 0 0 0 LISA VAN ESS EX-OFFICIO 0.50 X 0 0 0 LOUIS B KUPPERMAN ESQUIRE GOVERNMENTAL DIRECTOR 0.50 X 0 0 0 MARK DAVIS BOARD MEMBER 0.50 X 0 0 0 MATT ADAMS BOARD MEMBER 0.50 X 0 0 0 MICHAEL A DEHAVEN CPA GOVERNMENTAL DIRECTOR 0.50 X 0 0 0 MICHAEL F MERLIE ESQUIRE BOARD MEMBER 0.50 X 0 0 0 MICHAEL J KELLY BOARD MEMBER 0.50 X 0 0 0 MICHAEL LONG BOARD MEMBER 0.50 X 0 0 0 MICHAEL A BRAY EX-OFFICIO 0.50 X 0 0 0 MIGUEL BAPTISTA BOARD MEMBER 0.50 X 0 0 0 MICHAEL CAPPELLETTI BOARD MEMBER 0.50 X 0 0 0 NABILA SAJID BOARD MEMBER 0.50 X 0 0 0 PAUL TRUSKOLASKI BOARD MEMBER 0.50 X 0 0 0 PERRY BENTLEY BOARD MEMBER 0.50 X 0 0 0 PHILLIP EASTMAN EX-OFFICIO 0.50 X 0 0 0 RACHEL ROBERTS BOARD MEMBER 0.50 X 0 0 0 SASSAN HEJAZI PHD BOARD MEMBER 0.50 X 0 0 0 STEVE FIGGATT BOARD MEMBER 0.50 X 0 0 0 SUE WATRAS EX-OFFICIO 0.50 X 0 0 0 THEO NOTARAS BOARD MEMBER 0.50 X 0 0 0 THOMAS J BURKE EX-OFFICIO 0.50 X 0 0 0 W PATRICK SCOTT ESQUIRE BOARD MEMBER 0.50 X 0 0 0 W TODD POHLIG EX-OFFICIO 0.50 X 0 0 0 CRAIG ADLER BOARD MEMBER 0.50 X 0 0 0 CHRISTOPER BENEVENTO BOARD MEMBER 0.50 X 0 0 0 MARIAN MCGORRY PHD BOARD MEMBER 0.50 X 0 0 0 MARIA O'CONNELL WDB CHAIR 0.50 X 0 0 0 SUE SPRINGSTEEN BOARD MEMBER 0.50 X 0 0 0 HELEN J ESBENSHADE ESQUIRE SOLICITOR FOR CCEDC 0.50 X 0 0 0 RICHARD FRAZIER ESQUIRE SOLICITOR FOR CCEDF 0.50 X 0 0 0 MIKE GRIGALONIS COO 40.00 X 162250 0 27093 GARY SMITH CEO 40.00 X 188000 0 31154 CHRIS MCHENRY VP, DEVEL. FINANCE 40.00 X 118850 0 32854 SHERWOOD ROBBINS DIRECTOR LOAN PROGRAM 40.00 X 173724 0 22186 MARY FRANCES MCGARRITY BUSINESS DEVELOPMENT DIRECTOR 40.00 X 132996 0 16341 775820 0 129628 5 0 1 0 J LIS MANAGEMENT CONSULTING 24 WALNUT BANK ROAD GLENMORE PA 19343 HIRE ONE PROGRAM EMPLOYMENT CONSULTING 130502 1 134720 127000 1391983 245399 1899102 MANAGEMENT FEES 561000 1292577 1292577 SETTLEMENT FEES 561000 1070599 1070599 CONTRACT REVENUE 561000 498326 498326 OTHER INCOME 561000 11957 11957 MEETINGS AND EVENTS 561000 3503 3503 2876962 29148 29148 13150 0 13150 13150 13150 113600 134720 115741 -2141 -2141 4816221 2890112 0 27007 2437425 66239 291753 186857 7745 34879 40939 52373 36721 685 6114 17151 GRANT AND CONTRACT 561260 RENT 223670 MAINTENANCE AND BUILDIN 86378 DUES & SUBSCRIPTIONS 33060 24279 4107528 1265970 994316 404143 605415 132019 220661 207075 263801 2893065 4404879 10012 17856 288877 276531 14124 12346 216246 6844810 5142654 13364084 341136 410356 148139 5611093 2165654 3391037 0 755180 2654929 10167666 X 2487725 3196418 2487725 3196418 5142654 13364084 708693 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 288877 276531 12346 12346 CASH RESTRICTED FOR GRANTS AND PROGRAMS 6089630 OPERATING LEASE RIGHT OF USE ASSET 755180 6844810 OPERATING LEASE LIABILITY 755180 755180 X 4931962 115741 115741 4816221 0 4816221 4223269 115741 115741 4107528 0 4107528 PART X, LINE 2: THE COUNCIL TAKES THE POSITION THAT IT HAS NO NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT COSTS PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT COSTS NETTED WITH REVENUE ON 990 AWARDS DINNER 162750 88000 74750 55908 22565 GOLF OUTING 72570 42220 30350 22404 8578 1 13000 4500 8500 5851 435 248320 134720 113600 28255 55908 31578 115741 -2141 X X X 0 0 0 GARY SMITH CEO 188000 0 0 0 0 0 0 0 31154 0 219154 0 0 0 SHERWOOD ROBBINS DIRECTOR LOAN PROGRAM 173724 0 0 0 0 0 0 0 22186 0 195910 0 0 0 MIKE GRIGALONIS COO 162250 0 0 0 0 0 0 0 27093 0 189343 0 0 0 CHRIS MCHENRY VP, DEVEL. FINANCE 118850 0 0 0 0 0 0 0 32854 0 151704 0 0 0 ROGER HUGGINS CURRENT BOARD MEMBER 20434 LEGAL 0 CRAIG STYER CURRENT BOARD MEMBER 1081 LEGAL 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS INITIALLY REVIEWED IN DETAIL BY THE CFO TO ENSURE ACCURACY AND CONSISTENCY WITH THE AUDITED FINANCIAL STATEMENTS AND THEN SUBSEQUENTLY IS REVIEWED WITH THE EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 HR COMMITTEE OF BOARD MEETS ALL THESE REQUIREMENTS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ONLY UPON DIRECT REQUEST TO THE ORGANIZATION. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE FROM PRIOR YEARS IN THE PROCESSES FOR AUDIT OVERSIGHT OR SELECTION OF AN INDEPENDENT ACCOUNTANT. SOUTH EASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA 737 CONSTITUTION DRIVE EXTON PA 19341 222490679 SERVES AS A CERTIFIED DEVELOPMENT CORPORATION TO FOSTER COMMERCIAL GROWTH PA 501 (C) 6 0 CHESTER COUNTY ECONCOMIC DEVELOPMENT FOUNDATION 737 CONSTITUTION DRIVE EXTON PA 19341 232978513 ENGAGING IN EDUCATIONAL ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT PA 501 (C) 3 170 (B)(1)(A)(VI) 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION N CCEDF SHARES CCEDC EQUIPMENT CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION O SAME EXECUTIVE STAFF AS COUNCIL CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION K 205060 COUNCIL LEASES OFFICE FROM CCEDF CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION L 1374920 GRANT, PROJECT & MANAGEMENT FEES CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION Q 14300 CCEDF SHARE - MARKETING CAMPAIGN SOUTHEASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA L 1095977 SHARE OF SEEDCO ADMIN SERVICE FEE SOUTHEASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA N SEEDCO SHARES CCEDC EQUIPMENT SOUTHEASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA Q 14300 SEEDCO SHARE - MARKETING CAMPAIGN SOUTHEASTERN ECONOMIC DEVELOPMENT COMPANY OF PENNSYLVANIA C 100000 GRANT PROVIDED BY SEEDCO CHESTER COUNTY ECONOMIC DEVELOPMENT FOUNDATION B 27000 BUILDING CAMPAIGN GRANT