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Nonprofit · EIN 23-2211627

BETHLEHEM ECONOMIC DEVELOPMENT CORP

Tax-exempt · BETHLEHEM, PA 18018

Financials

$702K$745K2023$1M$749K2024
Revenue Expenses · by fiscal year end
Financials of BETHLEHEM ECONOMIC DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,019,105$748,656$270,449$2,562,744$1,341,049$1,221,695
December 31, 2023990$702,058$744,760-$42,702$2,004,845$1,056,391$948,454
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$975,076
Investment income
$44,029
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$12,161
Accounting fees
$13,250
Occupancy
$14,467
Depreciation
$56,114
Program services (functional)
$721,937
Management and general (functional)
$26,719

Balance sheet and other

Total assets, start of year
$2,004,845
Total assets, end of year
$2,562,744
Total liabilities, end of year
$1,341,049
Net assets, end of year
$1,221,695
Land, buildings and equipment
$120,847
Net assets without donor restrictions
$907,473
Net assets with donor restrictions
$314,222
Gross receipts
$1,019,105
Employees
2
Year formed
1982
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.

NameTitleHours / weekCompensation
LAURA COLLINSSECRETARY
Trustee or director, Officer
1$0
MICHAEL COLONDIRECTOR
Trustee or director
1$0
DON CUNNINGHAMVICE PRESIDE
Trustee or director, Officer
1$0
ED DOUGHERTYDIRECTOR
Trustee or director
1$0
ERIC EVANSTREASURER
Trustee or director, Officer
1$0
BRETT LUDWIGDIRECTOR
Trustee or director
1$0
MAYOR J WILLIAM REYNOLDSPRESIDENT
Trustee or director, Officer
1$0
SEAN ZILLEREXECUTIVE DI
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
LAURA COLLINSSECRETARY
Trustee or director, Officer
1$0
MICHAEL COLONDIRECTOR
Trustee or director
1$0
DON CUNNINGHAMVICE PRESIDE
Trustee or director, Officer
1$0
ED DOUGHERTYDIRECTOR
Trustee or director
1$0
ERIC EVANSTREASURER
Trustee or director, Officer
1$0
ALICIA MILLER KARNEREXECUTIVE DI
Trustee or director, Officer
1$0
BRETT LUDWIGDIRECTOR
Trustee or director
1$0
MAYOR J WILLIAM REYNOLDSPRESIDENT
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
10 E CHURCH ST, BETHLEHEM, PA 18018-6025
Principal officer (990 for 2024)
SEAN ZILLER, 10 EAST CHURCH STREET, BETHLEHEM, PA 180186025
Signed the 990
ERIC EVANS, TREASURER
Phone
(610) 865-7056
Return prepared by
BUCKNO LISICKY & COMPANY PC

Mission

THE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ALL BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA, WITH AN EMPHASIS ON PROMOTING THE DEVELOPMENT OF MANUFACTURING, INDUSTRIAL, RESEARCH AND DEVELOPMENT ENTERPRISES; - TO COORDINATE A UNIFIED DOWNTOWN ORGANIZATION AND RETAIL STRATEGY; AND - TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL , STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL , REDEVELOPMENT AND IMPROVEMENT OF BUSINESS IN THE CITY OF BETHLEHEM, LEHIGH AND NORTHAMPTON COUNTIES, PENNSYLVANIA, ALL FOR THE PRIMARY PURPOSE OF COMBAT

990 for the year ended December 31, 2024

Program accomplishments

  • ACQUIRE, HOLD, IMPROVE, DEVELOP AND DISPOSE OF REAL PROPERTY LOCATED IN THE CITY OF BETHLEHEM AND TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS.
    Expenses $721,686 · revenue $975,076
  • TO PROVIDE AFFORDABLE RENTAL SPACES TO SMALL BUSINESSES AND TO CONTINUE TO SERVE AND ATTRACT SMALL COMPANIES WITHIN THE TECHNOLOGY INDUSTRY TO THE CITY OF BETHLEHEM.
    Expenses $251

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2211627
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
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,562,744
Income (IRS master file)
$1,019,105

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,019,105$748,656$2,562,744IRS
990December 2023$702,058$744,760$2,004,845XML
990December 2022$675,302$715,255$2,009,089IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 23-2211627).

Questions about BETHLEHEM ECONOMIC DEVELOPMENT CORP

What is the EIN of BETHLEHEM ECONOMIC DEVELOPMENT CORP?
The employer identification number (EIN) of BETHLEHEM ECONOMIC DEVELOPMENT CORP is 23-2211627.
Is BETHLEHEM ECONOMIC DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to BETHLEHEM ECONOMIC DEVELOPMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BETHLEHEM ECONOMIC DEVELOPMENT CORP 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 BETHLEHEM ECONOMIC DEVELOPMENT CORP 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 BETHLEHEM ECONOMIC DEVELOPMENT CORP 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 BETHLEHEM ECONOMIC DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 names SEAN ZILLER.
Who are the officers and directors of BETHLEHEM ECONOMIC DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does BETHLEHEM ECONOMIC DEVELOPMENT CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,019,105, expenses of $748,656 and total assets of $2,562,744 at year end.

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