Overview
What is Spedd Inc?
Spedd Inc is a nonprofit organization situated in Vandergrift, Pennsylvania, with a specific mission to boost employment opportunities and revitalize deteriorating neighborhoods in Western Pennsylvania. They achieve this by transforming neglected industrial and commercial properties into business incubators and new venture facilities, offering support to small businesses in their growth and job creation. Spedd Inc provides various assistance programs, including management assistance, executive recruitment, below-market leasing structures, business-to-business networking, and procurement of both private and public funding. Currently, they manage ten facilities housing more than fifty business tenants, contributing to the region's job market.
Is Spedd Inc legitimate?
Spedd Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spedd Inc 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: $271,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,208
For more financial information, click here
What is the mission statement of Spedd Inc?
Spedd Inc's mission is centered around enhancing employment opportunities and revitalizing deteriorating neighborhoods, primarily in western Pennsylvania. They achieve this by rehabilitating neglected industrial and commercial properties, transforming them into business incubators and new venture facilities. These facilities provide support to small businesses, aiding them in their growth and job creation. Spedd Inc offers various programs that provide management assistance, executive recruitment, below-market leasing structures, business-to-business networking, and procurement of both private and public funding. Currently, they operate ten facilities, housing over fifty business tenants.
Who is the CEO of Spedd Inc?
Jerome D Lombardi is the President, C of Spedd Inc.
What is the revenue of Spedd Inc?
Spedd Inc's revenue in 2022 was $4,019,412.
Who are the executives of Spedd Inc and what are their salaries?
The average compensation at Spedd Inc during 2022 was $71,719. There are 4 employees at Spedd Inc.
Here are 3 key members and their salaries:
- Jerome D Lombardi (President, C) [Trustee/Director]
- Kimberly Dengler (Director)
- Elizabeth Martin (Director)
Where can I find the form 990 for Spedd Inc?
The Spedd Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Spedd Inc
Spedd Inc, a nonprofit organization, is committed to enhancing employment opportunities and revitalizing deteriorating neighborhoods in western Pennsylvania. They achieve this mission by rehabilitating neglected industrial and commercial properties, transforming them into business incubators and new venture facilities. These facilities provide a conducive environment for small businesses to grow and create jobs. Spedd Inc's strategic approach includes offering management assistance, executive recruitment, beneficial below-market leasing structures, business-to-business networking, and procurement of both private and public funding. Currently, Spedd Inc operates ten facilities, accommodating over fifty business tenants, thereby contributing significantly to job creation in the region.
Impact
This information is meant to be a general summary of Spedd Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Spedd Inc's impact is evident in its successful efforts to increase employment opportunities and revitalize deteriorating neighborhoods in western Pennsylvania. By rehabilitating neglected industrial and commercial properties into business incubators and new venture facilities, Spedd Inc has provided a platform for small businesses to grow and create jobs. Through programs offering management assistance, executive recruitment, beneficial leasing structures, networking opportunities, and funding procurement, Spedd Inc has facilitated the creation and retention of jobs for the region's residents. With ten facilities currently housing over fifty business tenants, Spedd Inc's work has directly contributed to the economic development and community improvement of the area.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL & PROGRAM SERVICE REVE
Revenue
$2,910,676
CONSULTING
Revenue
$221,100
Organization Details
Founding Year
1967
Phone
(724) 568-4188
Principal Officer
Jerome D Lombardi
Main Address
1129 INDUSTRIAL PARK ROAD STE 119, VANDERGRIFT, PA, 15690
NTEE Category
Code: S43Z - Community improvement
If you are a representative of Spedd Inc 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.