Overview
What is Fay-Penn Economic Development Council?
The Fay-Penn Economic Development Council, established in 1991, is a nonprofit organization located in Lemont Furnace, Pennsylvania. With a mission to aid in the economic revitalization of Fayette County, the council offers top-notch business development services, including low-interest financing, business planning, technical assistance, training, and counseling. By promoting Fayette County as an ideal business location and providing site selection assistance, the council has successfully attracted tenants and created numerous jobs, contributing to over $1.4 billion in new investments. To date, the council has completed over 438 projects and financed 211 loans, resulting in the creation or retention of over 16,114 jobs. The ultimate aim of Fay-Penn is to foster a supportive environment for business growth, expansion, and attraction, benefiting the local community and economy.
Official website here: www.faypenn.org
Is Fay-Penn Economic Development Council legitimate?
Fay-Penn Economic Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fay-Penn Economic Development Council 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: $318,356
Professional Fundraising Fees: $0
Other Salaries and Wages: $627,900
For more financial information, click here
Official website here: www.faypenn.org
What is the mission statement of Fay-Penn Economic Development Council?
The Fay-Penn Economic Development Council aims to stimulate economic growth and diversification. Its primary objective is to establish a supportive environment for business start-ups, expansions, and attractions. This encompasses retaining existing businesses, introducing new ones, creating and preserving jobs, enhancing the workforce, generating both private and public investment, and improving quality of life amenities and services. The organization offers comprehensive business development services, including low-interest financing, business planning, technical assistance, training, and counseling. Additionally, Fay-Penn promotes its area as an attractive business destination, providing site selection assistance and managing ready-to-use land and building sites to attract tenants and create more employment opportunities. Since its inception in 1991, the council has completed over 438 projects, leading to the creation or retention of over 11,514 jobs and attracting $1.40 billion in new investments.
Official website here: www.faypenn.org
Who is the CEO of Fay-Penn Economic Development Council?
Laura Kurtz Kuhns is the Director of Fay-Penn Economic Development Council.
Official website here: www.faypenn.org
What is the revenue of Fay-Penn Economic Development Council?
Fay-Penn Economic Development Council's revenue in 2022 was $5,269,897.
Official website here: www.faypenn.org
Who are the executives of Fay-Penn Economic Development Council and what are their salaries?
The average compensation at Fay-Penn Economic Development Council during 2022 was $72,789. There are 13 employees and 19 volunteers at Fay-Penn Economic Development Council.
Here are 24 key members and their salaries:
- Brent Filak (Cfo - Left 07/2023)
- James Gray (Economic Development Director)
- Laura Kurtz Kuhns (Executive Director)
- Ed Balling (Director)
- William B Blaney (Assistant Treasurer) [Trustee/Director]
- Todd Casteel (2Nd Vice Chairman) [Trustee/Director]
- Mark Fike (Chairman) [Trustee/Director]
- James Foutz (Past Chairman) [Trustee/Director]
- Michael George (Director)
- Wayne Freed (Director)
- Dan Gearing (1St Vice Chairman) [Trustee/Director]
- Max House (Director)
- Lawrence J Kiefer (Treasurer) [Trustee/Director]
- Stephen M Neubauer (Asst Secretary) [Trustee/Director]
- Gregory A Parsons (Secretary) [Trustee/Director]
- Rusty Smalley Jr (Director)
- Deborah Fox (Director)
- Judy Lynn-Craig (Director)
- James Stark (Director)
- Ted Stilgenbaur (Director)
- James Nicola (Director)
- Devan White (Director)
- Jonathan Garlow (Director)
- Melony Reed (Cfo As Of 7/2023)
Official website here: www.faypenn.org
Where can I find the form 990 for Fay-Penn Economic Development Council?
The Fay-Penn Economic Development Council’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.faypenn.org
Learn more at the official website: www.faypenn.org
Mission Statement of Fay-Penn Economic Development Council
Fay-Penn Economic Development Council, established in 1991, is an organization dedicated to revitalizing the economy of Fayette County, Pennsylvania. Its primary mission is to foster a conducive environment for the growth and diversification of businesses in the region. This encompasses retaining and expanding existing businesses, attracting new ones, creating and retaining jobs, developing the workforce, and generating both private and public investments. The council offers a range of business development services, including low-interest financing, business planning, technical assistance, training, and counseling to facilitate new business development and entrepreneurship.
In addition, Fay-Penn promotes Fayette County as an attractive business destination by providing site selection assistance. This includes developing business parks and multi-tenant facilities to attract tenants and create more job opportunities. The council has a substantial track record of success, having completed over 438 projects, resulting in the creation or retention of over 11,514 jobs, and $1.40 billion in new investment in the county. With these initiatives, Fay-Penn Economic Development Council plays a significant role in driving economic growth and improvement in Fayette County.
Impact
This information is meant to be a general summary of Fay-Penn Economic Development Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Fay-Penn Economic Development Council plays a crucial role in growing and diversifying the economy in Fayette County, Pennsylvania. With a mission to sustain a supportive environment for business start-up, expansion, and attraction, Fay-Penn focuses on retaining and growing existing businesses, adding new businesses, creating and retaining jobs, developing the workforce, generating private and public business investment, and enhancing quality of life amenities and services.
Since its formation in 1991, Fay-Penn has completed over 438 projects, creating and/or retaining over 11,514 jobs and resulting in $1.40 billion in new investment throughout the county. Through its comprehensive business development services, low-interest financing options, technical assistance, and site selection assistance, Fay-Penn has been instrumental in driving economic growth and development in Fayette County.
Overall, Fay-Penn's impact can be seen in the significant job creation, economic investment, and overall improvement in the business environment of the region, making it a key player in the economic revitalization efforts of Fayette County.
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 INCOME - MULTI TENANT
Revenue
$2,878,138
INTEREST INCOME - REVOLVING LOAN
Revenue
$153,241
ADMINISTRATIVE FEES
Revenue
$17,459
Organization Details
Founding Year
1991
Phone
(724) 437-7913
Principal Officer
Laura Kurtz Kuhns
Main Address
1040 EBERLY WAY SUITE 200, LEMONT FURNACE, PA, 15456
Website
www.faypenn.org
NTEE Category
Code: S30Z - Community improvement
If you are a representative of Fay-Penn Economic Development Council 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.