Nonprofit · EIN 23-1524674
BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · DOYLESTOWN, PA 18901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $297,199 | $1,094,108 | -$796,909 | $6,327,647 | $2,208,997 | $4,118,650 |
| December 31, 2024 | 990 | $423,827 | $709,234 | -$285,407 | $8,577,196 | $3,230,562 | $5,346,634 |
| December 31, 2023 | 990 | $508,796 | $695,383 | -$186,587 | $8,056,757 | $2,424,716 | $5,632,041 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $129,321
- Investment income
- $166,444
- Other revenue
- $1,434
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $290,996
- Other salaries and wages
- $392,139
- Salaries, compensation and benefits (total)
- $795,719
- Professional fundraising fees
- $0
- Legal fees
- $175,242
- Accounting fees
- $9,510
- Occupancy
- $69,908
- Travel
- $2,364
- Depreciation
- $178
- Program services (functional)
- $758,515
- Management and general (functional)
- $335,593
Balance sheet and other
- Total assets, start of year
- $8,577,196
- Total assets, end of year
- $6,327,647
- Total liabilities, end of year
- $2,208,997
- Net assets, end of year
- $4,118,650
- Land, buildings and equipment
- $59
- Net assets without donor restrictions
- $4,118,650
- Gross receipts
- $297,199
- Employees
- 4
- Volunteers
- 16
- Year formed
- 1958
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT F CORMACK | EXECUTIVE DI Officer | 40 | $214,902 | $76,094 |
| JIM PAWLIKOWSKI | LOAN MANAGER Highest-paid employee | 40 | $265,845 | $22,814 |
| JAMES BLEAKLY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS KEISER | TREASURER/AS Trustee or director, Officer | 1 | $0 | $0 |
| PHIL EASTMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL TUR | ASST. TREASU Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT STEINHART | MEMBER AT LA Trustee or director | 1 | $0 | $0 |
| GERALD FOREST | MEMBER AT LA Trustee or director | 1 | $0 | $0 |
| MICHAEL BORSKI SR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID R BREIDINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER GOSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM KROL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY F KRUG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED LYDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD B MILLHAM SR | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE NIBLOCK | DIRECTOR Trustee or director | 1 | $0 |
| SHERRI SCHULZ | DIRECTOR Trustee or director | 1 | $0 |
| MAT ZOGLIO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT F CORMACK | EXECUTIVE DI Officer | 40 | $204,744 | $10,157 |
| JIM PAWLIKOWSKI | KEY EMPLOYEE Highest-paid employee | 40 | $130,790 | $6,228 |
| JAMES BLEAKLY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID R BREIDINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL EASTMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GERALD C FOREST | MEMBER AT LA Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER GOSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN E HINES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS KEISER | TREASURER/AS Trustee or director, Officer | 1 | $0 | $0 |
| TOM KROL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY F KRUG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT LATRONICA | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| ED LYDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE NIBLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRI SCHULZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL BORSKI SR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD B MILLHAM SR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT STEINHART | MEMBER AT LA Trustee or director | 1 | $0 | $0 |
| MICHAEL TUR | ASST. TREASU Trustee or director | 1 | $0 | $0 |
| MAT ZOGLIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT F CORMACK | EXECUTIVE DI Officer | 40 | $194,785 | $9,673 |
| JIM PAWLIKOWSKI | KEY EMPLOYEE Highest-paid employee | 40 | $117,520 | $5,932 |
| JAMES BLEAKLY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID R BREIDINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL EASTMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GERALD C FOREST | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER GOSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN E HINES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS KEISER | TREASURER/AS Trustee or director, Officer | 1 | $0 | $0 |
| TOM KROL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY F KRUG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT LATRONICA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED LYDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE NIBLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL BORSKI SR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHERRI SCHULZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD B MILLHAM SR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT STEINHART | MEMBER AT LA Trustee or director | 1 | $0 | $0 |
| MICHAEL TUR | ASST. TREASU Trustee or director | 1 | $0 | $0 |
| MAT ZOGLIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2003 S EASTON ROAD, DOYLESTOWN, PA 18901-7100
- Principal officer (990 for 2025)
- KELLY DOUGHTY, 2003 S EASTON ROAD, DOYLESTOWN, PA 18901
- Signed the 990
- KELLY DOUGHTY, EXECUTIVE DIRECTOR
- Phone
- (215) 348-9031
- Website
- WWW.BCEDC.COM
- Return prepared by
- BEE BERGVALL & CO
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.
Program accomplishments
- 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.Expenses $758,515 · revenue $129,321
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 | 990 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
- 23-1524674
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,327,647
- Income (IRS master file)
- $297,199
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $297,199 | $1,094,108 | $6,327,647 | XML |
| 990 | December 2024 | $423,827 | $709,234 | $8,577,196 | IRS |
| 990 | December 2023 | $508,796 | $695,383 | $8,056,757 | XML |
| 990 | December 2022 | $480,886 | $668,909 | $9,691,942 | IRS |
| 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 23-1524674).
Questions about BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION is 23-1524674.
- Is BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1960.
- Are donations to BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BUCKS COUNTY 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 BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names KELLY DOUGHTY.
- Who are the officers and directors of BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 18 people; 2 received compensation from the organization, the highest $214,902 (ROBERT F CORMACK, EXECUTIVE DI).
- How much revenue does BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $297,199, expenses of $1,094,108 and total assets of $6,327,647 at year end.
Other nonprofits in DOYLESTOWN
- DOYLESTOWN HOSPITAL EIN 23-1352174 · last filed 990 for 2025
- BUCKS & MONTGOMERY COUNTY & SCHOOLS HEALTH CARE CONSORTIUM EIN 46-1020794 · last filed 990 for 2025
- DELAWARE VALLEY UNIVERSITY EIN 23-1352665 · last filed 990 for 2025
- EMERGENCY CARE RESEARCH INSTITUTE EIN 23-1662091 · last filed 990 for 2024
- DOYLESTOWN HEALTH PHYSICIANS EIN 23-2368197 · last filed 990 for 2025
- RIVER CROSSING YOUNG MENS CHRISTIAN ASSOCIATION EIN 23-1903158 · last filed 990 for 2025
- LENAPE VALLEY FOUNDATION EIN 23-1914438 · last filed 990 for 2025
- BUCKS COUNTY DRUG AND ALCOHOL COMMISSION INC EIN 23-2449485 · last filed 990 for 2025