Nonprofit · EIN 02-0707982
VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SHARON, PA 16146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $447,094 | $367,204 | $79,890 | $8,102,261 | $7,687,286 | $414,975 |
| December 31, 2023 | 990 | $863,434 | $663,842 | $199,592 | $7,917,632 | $7,582,547 | $335,085 |
| December 31, 2022 | 990 (amended) | $282,783 | $375,983 | -$93,200 | $7,296,515 | $7,161,022 | $135,493 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $122,527
- of which government grants
- $122,527
- Program service revenue
- $314,689
- Investment income
- $9,878
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,640
- Accounting fees
- $1,485
- Occupancy
- $36,772
- Travel
- $1,323
- Depreciation
- $44,864
- Program services (functional)
- $367,204
Balance sheet and other
- Total assets, start of year
- $7,917,632
- Total assets, end of year
- $8,102,261
- Total liabilities, end of year
- $7,687,286
- Net assets, end of year
- $414,975
- Land, buildings and equipment
- $7,105,841
- Gross receipts
- $447,094
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2003
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLANCY ATKINSON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CHARLES MILLER | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 |
| AMY ATKINSON | DIRECTOR Trustee or director | 1 | $0 |
| BRAD MANTZELL | DIRECTOR Trustee or director | 1 | $0 |
| FRANK GARGIULO | DIRECTOR Trustee or director | 1 | $0 |
| LISA DACH | DIRECTOR Trustee or director | 1 | $0 |
| JOHN KETTERING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLANCY ATKINSON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CHARLES MILLER | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 |
| AMY ATKINSON | DIRECTOR Trustee or director | 1 | $0 |
| BRAD MANTZELL | DIRECTOR Trustee or director | 1 | $0 |
| FRANK GARGIULO | DIRECTOR Trustee or director | 1 | $0 |
| TOM ROSKOS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN KETTERING | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLANCY ATKINSON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CHARLES MILLER | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 |
| AMY ATKINSON | DIRECTOR Trustee or director | 1 | $0 |
| BRAD MANTZELL | DIRECTOR Trustee or director | 1 | $0 |
| FRANK GARGIULO | DIRECTOR Trustee or director | 1 | $0 |
| TOM ROSKOS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN KETTERING | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 32 W STATE ST, SHARON, PA 16146-1302
- In care of
- % ROBERT G LIPTAK
- Principal officer (990 for 2024)
- CHARLES MILLER, 32 W STATE ST, SHARON, PA 16146
- Signed the 990
- CHARLES MILLER, CFO
- Phone
- (724) 981-1152
- Return prepared by
- HILL BARTH & KING LLC
Mission
ITS PURPOSE IS TO LEASE SPACE TO COMPANIES IN SHARON, PA TO HELP CREATE JOBS IN A DEPRESSED AREA.
Program accomplishments
- LEASING SPACE TO COMPANIES IN SHARON, PA TO HELP CREATE JOBS IN A DEPRESSED AREAExpenses $367,204 · revenue $314,689
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0707982
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $8,102,261
- Income (IRS master file)
- $447,094
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $447,094 | $367,204 | $8,102,261 | XML |
| 990 | December 2023 | $863,434 | $663,842 | $7,917,632 | XML |
| 990 | December 2022 | $282,783 | $375,983 | $7,296,515 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0707982).
Questions about VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION is 02-0707982.
- Is VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names CHARLES MILLER.
- Who are the officers and directors of VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does VALLEY SHENANGO ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $447,094, expenses of $367,204 and total assets of $8,102,261 at year end.
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All nonprofits in SHARON · Pennsylvania · Community improvement and capacity building