Forest County Industrial Development Corporation in Tionesta, Pennsylvania (PA)

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Forest County Industrial Development Corporation
Employer Identification Number (EIN)251543379
Name of OrganizationForest County Industrial Development Corporation
AddressPO BOX 426, Tionesta, PA 16353-0426
ActivitiesArea development, redevelopment of renewal, Described in section 170(b)1)(a)(vi) of the Code
SubsectionCharitable Organization
Ruling Date09/2012
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$142,880
Amount of Income$8,166
Form 990 Revenue Amount$8,166
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2012: $8,166 (it was $0 in 2011)
Forest County Industrial Development Corporation: 

 $8,166
Other organizations performing similar types of work: 

 $135,279

Assets in 2012: $142,880 (it was $156,353 in 2011)
This organization: 

 $142,880
Other organizations performing similar types of work: 

 $114,906

Expenses in 2012: $14,232
This organization: 

 $14,232
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2012: 0.6
Forest County Industrial Development Corporation: 

 0.6
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$8,166
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$7,772
Membership dues and assessments$0
Investment income$394
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$14,232
Total net assets$142,880
Deficit for the year$-6,066
Net assets or fund balances at beginning of year$148,946
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$142,880
Total liabilities$0
Net assets or fund balances$142,880
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West River Foundation For Economic And Community DevelopmentPO BOX 605, Sturgis, SD 57785-0605SD2000-10$1,093,865
2West Penn Power Sustainable Energy Fund40 North Pennsylvania Avenue, Greensburg, PA 15601-2341PA2000-07$30,412,808
3Pidc-Local Development Corporation1500 Market St Ste 2600w, Philadelphia, PA 19102-2115PA2011-02$13,091,627
4T R W I B Inc650 Smithfield St Ste 2600, Pittsburgh, PA 15222-3915PA2002-06$10,056,465
5Team Pennsylvania Foundation100 Pine St Fl 9, Harrisburg, PA 17101-1223PA1998-08$8,380,006
6Washington & Jefferson Development Corporation60 S Lincoln St, Washington, PA 15301-4812PA2003-09$3,280,358
7Commonwealth Cornerstone Group211 N Front St, Harrisburg, PA 17101-1406PA2010-01$2,061,723
8The Enterprise Center Community Development Corporation4548 Market Street, Philadelpllia, PA 19139-3610PA2002-01$1,822,938
9Lancaster City Alliance354 N Prince St Ste 110, Lancaster, PA 17603-3085PA2014-06$1,778,051
10Pidc Financing Corp1500 Market St Ste 2600w, Philadelphia, PA 19102-2115PA2011-02$1,521,564
11Valley Shenango Economic Development Corporation32 W State St, Sharon, PA 16146-1302PA2009-05$1,472,679
12Sayre Incubator Inc703 S Elmer Ave, Sayre, PA 18840-2400PA2000-06$929,575
13Union Project801 N Negley Ave, Pittsburgh, PA 15206-1560PA2002-11$669,805
14Smithfield Township Economic Development11310 Henderson Overlook Road, Huntingdon, PA 16652PA2000-06$550,747
15Roxborough Development CorporationPO BOX 26035, Philadelphia, PA 19128-0035PA2000-08$457,881
16Strip District Public Market Council Inc, Pittsburgh Public Market1212 Smallman Street, Pittsburgh, PA 15222PA2008-02$398,708
17Nurture Nature Center518 Northampton Street, Easton, PA 18042PA2008-07$391,041
18Workforce Wayne92 Main Avenue Suite Fgh, Hawley, PA 18428-1114PA2009-07$257,902
19Schuylkill Countys Vision14648 Route 61 South, Pottsville, PA 17901PA1998-12$223,925
20Why Not Prosper IncPO BOX 949, Norristown, PA 19404-0949PA2003-03$183,939
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

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