FAY-PENN ECONOMIC DEVELOPMENT COUNCIL
AI Summary
Fay-Penn Economic Development Council, based in Fayette County, Pennsylvania, is dedicated to fostering economic growth and diversification in the region. With an operating budget of $4.1 million and total revenue of $6.4 million, the organization focuses on retaining and growing existing businesses, attracting new enterprises, creating jobs, and enhancing workforce development. The council does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.faypenn.org.
Mission Statement
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL ASSISTS IN GROWING AND DIVERSIFYING THE ECONOMY IN FAYETTE COUNTY, PENNSYLVANIA. FAY-PENN'S ULTIMATE OBJECTIVE IS TO SUSTAIN A SUPPORTIVE ENVIRONMENT FOR BUSINESS START-UP, EXPANSION, AND ATTRACTION. INTENDED TARGETS OF THIS APPROACH INCLUDE:-- RETAINING AND GROWING EXISTING BUSINESSES-- ADDING NEW BUSINESSES-- CREATING AND RETAINING JOBS-- DEVELOPING THE WORKFORCE-- GENERATING PRIVATE AND PUBLIC BUSINESS INVESTMENT-- ENHANCING QUALITY OF LIFE AMENITIES AND SERVICES
Cause Areas
1
Economic development
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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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Frequently Asked Questions
What is FAY-PENN ECONOMIC DEVELOPMENT COUNCIL’s budget?
In 2024, FAY-PENN ECONOMIC DEVELOPMENT COUNCIL reported an annual operating budget of around $4.1 million. More detailed financial information is available to registered users.
What causes does FAY-PENN ECONOMIC DEVELOPMENT COUNCIL support?
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL supports work in Economic development.
Where does FAY-PENN ECONOMIC DEVELOPMENT COUNCIL operate?
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL is headquartered in Lemont Furnace, PA.
Who funded FAY-PENN ECONOMIC DEVELOPMENT COUNCIL recently?
In 2018, FAY-PENN ECONOMIC DEVELOPMENT COUNCIL received grants from BRIDGEWAY CAPITAL INC, COMMUNITY FOUNDATION OF FAYETTE COUNTY PA, and Laurel Highlands. More information on this organization’s funders is available to registered users.
What is the largest grant FAY-PENN ECONOMIC DEVELOPMENT COUNCIL received in 2018?
The largest grant to FAY-PENN ECONOMIC DEVELOPMENT COUNCIL in 2018 exceeds $20 thousand.
What is FAY-PENN ECONOMIC DEVELOPMENT COUNCIL’s reliance on government grants?
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL relied on government grants for more than 10% of their total revenue in 2024.