Nonprofit · EIN 24-0819618
CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY
Tax-exempt · OLYPHANT, PA 18447
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $40,925 | $79,453 | -$38,528 | $896,582 | $0 | $896,582 |
| December 31, 2023 | 990 | $17,187 | $37,388 | -$20,201 | $935,110 | $0 | $935,110 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $24,982
- Investment income
- $15,943
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $71,228
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,150
- Program services (functional)
- $78,750
- Management and general (functional)
- $703
Balance sheet and other
- Total assets, start of year
- $935,110
- Total assets, end of year
- $896,582
- Total liabilities, end of year
- $0
- Net assets, end of year
- $896,582
- Net assets without donor restrictions
- $896,582
- Gross receipts
- $40,925
- Employees
- 0
- Year formed
- 1957
- 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 |
|---|---|---|---|
| MATTHEW COLGAN | DIRECTOR Trustee or director | – | $0 |
| JEFFREY W NEPA ESQUIRE | DIRECTOR Trustee or director | – | $0 |
| DONALD HOYLE | PRESIDENT Trustee or director, Officer | – | $0 |
| JOHN KUNA | TREASURER Trustee or director, Officer | – | $0 |
| JOHN WIEDMAN | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW COLGAN | DIRECTOR Trustee or director | – | $0 |
| MARTIN J LAWLER JR EA | DIRECTOR Trustee or director | – | $0 |
| JEFFREY W NEPA ESQUIRE | DIRECTOR Trustee or director | – | $0 |
| DONALD HOYLE | PRESIDENT Trustee or director, Officer | – | $0 |
| JOHN KUNA | TREASURER Trustee or director, Officer | – | $0 |
| JOHN WIEDMAN | SECRETARY Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 39, OLYPHANT, PA 18447-0039
- In care of
- % M CUNNINGHAM
- Principal officer (990 for 2024)
- JOHN WIEDMAN, C/O 41 N MAIN STREET, CARBONDALE, PA 18407
- Signed the 990
- JOHN WIEDMAN, SECRETARY
- Phone
- (570) 487-1520
- Return prepared by
- CUNNINGHAM & SAUNDERS PC
Mission
COMMUNITY INDUSTRIAL DEVELOPMENT - THE COMPANY PROVIDES FUNDING IN THE FORM OF LOANS TO NEW OR EXISTING BUSINESS OWNERS IN VARIOUS INDUSTRIES LOCATED IN THE CITY OF CARBONDALE (LACKAWANNA COUNTY), PENNSYLVANIA.
Program accomplishments
- COMMUNITY INDUSTRIAL DEVELOPMENT - THE COMPANY PROVIDES FUNDING IN THE FORM OF LOANS TO NEW OR EXISTING BUSINESS OWNERS IN VARIOUS INDUSTRIES LOCATED IN THE CITY OF CARBONDALE (LACKAWANNA COUNTY), PENNSYLVANIA.revenue $24,982
- COMMUNITY INDUSTRIAL DEVELOPMENT - THE COMPANY PROVIDES FUNDING IN THE FORM OF LOANS TO NEW OR EXISTING BUSINESS OWNERS IN VARIOUS INDUSTRIES LOCATED IN THE CITY OF CARBONDALE (LACKAWANNA COUNTY), PENNSYLVANIA.Expenses $78,750 · grants $71,228
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 24-0819618
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $896,582
- Income (IRS master file)
- $40,925
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $40,925 | $79,453 | $896,582 | XML |
| 990 | December 2023 | $17,187 | $37,388 | $935,110 | XML |
| 990 | December 2022 | $19,806 | $40,778 | $955,311 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 24-0819618).
Questions about CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY
- What is the EIN of CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY?
- The employer identification number (EIN) of CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY is 24-0819618.
- Is CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1962.
- Are donations to CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY 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 CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY 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 CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY?
- The 990 for the year ended December 31, 2024 names JOHN WIEDMAN.
- Who are the officers and directors of CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CARBONDALE LACKAWANNA INDUSTRIAL DEVELOPMENT COMPANY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $40,925, expenses of $79,453 and total assets of $896,582 at year end.
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