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Green Knight Economic Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 233005840 ✦ Pen argyl, PA ✦ Designated as a 501(c)(3)

Overview

What is Green Knight Economic Development Corp?

Green Knight Economic Development Corp is a nonprofit organization situated in Pen Argyl, Pennsylvania. Their primary mission is to alleviate economic hardships within the local community, specifically for disadvantaged residents. They achieve this mission by transforming landfill gas into electrical energy, a process that they then sell to stimulate industries. By doing so, they foster economic growth in the Boroughs of Pen Argyl and Wind Gap, as well as Plainfield Township. This endeavor ultimately leads to an enhancement of job opportunities in the area.


Is Green Knight Economic Development Corp legitimate?

Green Knight Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Green Knight Economic Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Green Knight Economic Development Corp?
Who is the CEO of Green Knight Economic Development Corp?
What is the revenue of Green Knight Economic Development Corp?
Who are the executives of Green Knight Economic Development Corp and what are their salaries?
Where can I find the form 990 for Green Knight Economic Development Corp?

Mission Statement of Green Knight Economic Development Corp

Green Knight Economic Development Corp, as a nonprofit organization, is dedicated to providing economic relief for impoverished and distressed citizens within its community. Its mission is centered around utilizing innovative methods, such as converting landfill gas into electrical energy, to generate revenue. This revenue is then utilized to stimulate local industries, thereby fostering economic development. This, in turn, enhances employment opportunities within the Boroughs of Pen Argyl and Wind Gap, as well as Plainfield Twp. By inducing industry and promoting job creation, Green Knight Economic Development Corp plays a crucial role in uplifting the economic well-being of its local community.

Impact

This information is meant to be a general summary of Green Knight Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Green Knight Economic Development Corp's impact can be seen in the economic relief they provide for poor and distressed local citizens in PEN ARGYL, PA. By converting landfill gas to electrical energy and selling it to induce industry, they have been successful in spurring economic development and enhancing employment opportunities in the Boroughs of Pen Argyl and Wind Gap, as well as Plainfield Twp. This initiative not only benefits the local economy but also contributes to the improvement of the community as a whole.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $65,178
  • Program Service Revenue: $3,328,903
  • Gross Receipts: $4,325,007

    • Assets and Liabilities:
  • Total Assets: $11,085,506
  • Total Liabilities: $1,993,444
  • Net Assets: $9,092,062
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Electrical Generation Proceeds

    Revenue

    $2,349,000

    Renewable Energy Credits

    Revenue

    $834,257

    Income from Joint Venture

    Revenue

    $145,646

    Organization Details

    Founding Year

    1999

    Principal Officer

    Peter Albanese

    Main Address

    2147 PEN ARGYL ROAD PO BOX 4, PEN ARGYL, PA, 18072

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Green Knight Economic Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.