Laurel Hill Development Corporation in Lemont Frnc, Pennsylvania (PA)
| Laurel Hill Development Corporation |
| Employer Identification Number (EIN) | 251789822 |
| Name of Organization | Laurel Hill Development Corporation |
| Address | 1040 Eberly Way Ste 200, Lemont Frnc, PA 15456-1350 |
| Activities | Attracting new industry or retaining industry in an area |
| Subsection | Charitable Organization |
| Ruling Date | 05/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $12,425,875 |
| Amount of Income | $1,765,733 |
| Form 990 Revenue Amount | $1,765,733 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Rural Development |
Amount of income in 2013: $1,765,733 (it was $16,660,536 in 2012)
| Laurel Hill Development Corporation: | $1,765,733 |
| Other organizations performing similar types of work: | $75,888 |
Assets in 2013: $12,425,875 (it was $13,850,598 in 2012)
| Laurel Hill Development Corporation: | $12,425,875 |
| Other organizations performing similar types of work: | $2,428,783 |
Expenses in 2012: $4,402,659
| This organization: | $4,402,659 |
| Other organizations performing similar types of work: | $71,970 |
Income to expenses ratio in 2012: 0.4
| This organization: | 0.4 |
| Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 1
| Laurel Hill Development Corporation: | 1 |
| Other organizations performing similar types of work: | 1 |
Grants share in income in 2012: 29.5%
| This organization: | 29.5% |
| Other organizations performing similar types of work: | 6.6% |
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) |
| Total revenue | $12,323,415 |
| Contributions, Gifts, Grants and Other Similar Amounts | $3,639,112 |
| Program Service Revenue | $27,354 |
| Other Revenue |
| Investment income (including dividends, interest, and other similar amounts) | $47,046 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $202,882 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $8,407,016 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $12,744,137 |
| Less: cost or other basis and sales expenses (Securities / Other) | $0 / $4,337,121 |
| Gain or (loss) (Securities / Other) | $0 / $8,407,016 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $5 |
| Statement of Functional Expenses (for 2012) |
| Total functional expenses | $4,402,659 |
| Compensation of current officers, directors, trustees, and key employees | $94,047 |
| Other salaries and wages | $0 |
| Payroll taxes | $7,283 |
| Professional fundraising services | $0 |
| Other | $4,301,329 |
| Balance Sheet (for 2012) |
| Total assets | $13,850,598 |
| Total liabilities | $1,577,672 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $1,577,672 |
| Total net assets or fund balances | $12,272,926 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Recently Added Reviews |
|
Cornerstone Church Of Clarion in Shippenville, PA
|
|
Pink Hands Of Hope in Mechanicsburg, PA
|
|
The Christine M Mccaffrey Community Emergency Fund in Langhorne, PA
|
|
Valley Asa Softball in Sayre, PA
|
|
Rotary International, Altoona-Sunrise Rotary Club in Altoona, PA
|
|
Light Of The World Ministries in Philadelphia, PA
|
|
Cuno Museum Incorporated in Chadds Ford, PA
|
|
Boots And Saddle Riding Club in Allentown, PA
|
|
Finefrock-Stumpf Golden Gloves Gym in Lancaster, PA
|
|
Mission Projects Fellowship Inc in Telford, PA
|
| Organizations performing similar types of work |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | Laurel Hill Development Corporation | 1040 Eberly Way Ste 200, Lemont Frnc, PA 15456-1350 | PA | 1996-05 | $1,765,733 |
| 2 | Charles Schreiner Road Fund | PO BOX 29004, Kerrville, TX 78029-0040 | TX | 1973-04 | $75,888 |
| 3 | Christian County Agricultural Extension Foundation Inc | 2850 Pembroke Rd, Hopkinsville, KY 42240-6802 | KY | 1997-07 | $70,783 |
| Number of organizations performing similar types of work |
| |
| Total | 3 |
NonProfitFacts.com is not associated with, endorsed by, or sponsored by Laurel Hill Development Corporation and has no official or unofficial affiliation with Laurel Hill Development Corporation
Organization representatives - add corrected or new information about Laurel Hill Development Corporation »
Non-representatives - add comments about Laurel Hill Development Corporation»