Overview

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Est.

1982

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Bethlehem Economic Development Corporation (EIN: 23-2211627) is a nonprofit organization dedicated to promoting economic development in Bethlehem, Pennsylvania, with a focus on supporting the growth of businesses, particularly in manufacturing and industrial sectors. With an operating budget of $748.7K and total revenue of $1M for the 2024 filing year, the organization collaborates with governmental and civic bodies to address urban blight and enhance business opportunities in Lehigh and Northampton counties. It does not rely on any single funder for more than 50% of its revenue.

Mission Statement

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
Revenues
$1M
Expenses
$748.7K
Net Income:
+$270.4K
Assets
$2.6M
Liabilities
$1.3M
Net Assets:
+$1.2M
Operating Budget
$748.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$208.8K
Largest grant received
$406.5K
E
Eric Evans
Board Member
D
Don Cunningham
Board Member
E
Ed Dougherty
Board Member

Frequently Asked Questions

What is BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION’s budget?
In 2024, BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION reported an annual operating budget of around $749 thousand. More detailed financial information is available to registered users.
What causes does BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION support?
BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION supports work in Economic development.
Where does BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION operate?
BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION is headquartered in Bethlehem, PA.
Who funded BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION recently?
In 2024, BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION received grants from LEHIGH UNIVERSITY, ST LUKE'S HOSPITAL OF BETHLEHEM PA, and LEHIGH UNIVERSITY. More information on this organization’s funders is available to registered users.
What is the largest grant BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION received in 2024?
The largest grant to BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION in 2024 exceeds $407 thousand.