St. Marys Area Economic Development Corporation
St. Marys Area Economic Development Corporation
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About this organization
Revenue
$102,567
Expenses
$30,344
Mission
To promote and sustain economic development in the St. Marys, PA service region.
About
The EDC is organized for the purpose of encouraging economic growth through assistance to businesses that wish to locate or remain in the area in an effort to expand the job base and create new jobs. To that end, the EDC operates a revolving loan fund which provides low-cost loans to businesses that wish to expand or locate in the area. They also act as an exempt flow-through entity for the federal, state, and local governments to use to facilitate the distribution of expansion grant funds to area businesses. These programs serve approximately 30,000 people in the area.
Interesting data from their 2018 990 filing
The filing specifies the mission of the non-profit as “To assist st, marys area businesses and industries with their financial means to grow and sustain their business. to provide assistance to business and industry in the st. marys service region through low interest loan programs, created to promote economic growth within the greater community.”.
When explaining its duties, they were described as: “To promote and sustain economic development in the st. marys, pa service region.”.
- The state in which the non-profit is authorized to operate legally is PA.
- According to the filing, the address of the non-profit for the year 2018 is 32 SOUTH ST MARYS STREET SUITE 4, ST MARYS, PA, 15857.
- The non-profit has reported 1 employees on their form for the year 2018.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $72,223.
- The organization has 9 independent voting members.
- The organization was formed in 1985.
- The organization pays $21,458 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.