2023-09-19T11:21:14-05:00 2022-12-31 231386942 CAMPBELL RAPPOLD & YURASITS LLP 1033 S CEDAR CREST BLVD ALLENTOWN PA 181035443 990 2022-01-01 236296874 LEHIGH VALLEY ECONOMIC INVESTMENT CORP LEHI 6102666775 520 NORTH NEW STREET BETHLEHEM PA 18018 CHRISTOPHER J BROWN PRESIDENT 6102666775 2023-08-29 1 CHRISTOPHER BROWN 999009999 0 JOHN R ZAYAITZ CPA P01254535 6104357489 2023-08-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER J BROWN 520 N NEW STREET BETHLEHEM PA 18018 118671 0 X N/A X 1961 PA AN ECONOMIC DEVELOPMENT AGENCY CERTIFIED THROUGH THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPLMENT AND FUNCTIONS TO FINANCE THE EXPANSION AND/OR RELOCATION OF BUSINESSES WITHIN LEHIGH AND NORTHAMPTON COUNTIES BY ACTING AS AN INTERMEDIARY BETWEEN EQUITABLE OWNERS, FINANCIAL INSTITUTIONS AND/OR THE COMMONWEALTH OF PENNSYLVANIA. 12 12 0 14 0 0 27000 27000 42062 78104 6507 13567 1100 0 76669 118671 0 0 0 0 0 0 0 0 0 66898 86161 66898 86161 9771 32510 1559448 1570480 639923 618445 919525 952035 X LEHIGH VALLEY ECONOMIC INVESTMENT CORPORATION FUNCTIONS TO FINANCE THE EXPANSION AND RELOCATION OF BUSINESS WITHIN LEHIGH AND NORTHAMPTON COUNTIES BY ACTING AS AN INTERMEDIARY BETWEEN EQUITABLE OWNERS AND FINANCIAL INSTITUTIONS AND/OR CERTAIN PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING PROGRAMS AND/OR RELATED ENTITIES INCLUDING, BUT NOT LIMITED TO, THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY AND THE SMALL BUSINESS FIRST FUND. 0 0 69713 78104 ACTS AS AN INTERMEDIARY TO HELP FINANCE THE EXPANSION AND RELOCATION OF BUSINESSES WITHIN LEHIGH AND NORTHAMPTON COUNTIES IN PENNSYLVANIA. 69713 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X JAIME WHALEN 6102666775 520 N NEW STREET BETHLEHEM PA 18018 X CHRISTOPHER J BROWN PRESIDENT 2.00 X X 0 0 0 CHRIS PERSICHETTI TREASURER 2.00 X X 0 0 0 MICHAEL W ADAMS SECRETARY 2.00 X X 0 0 0 KEITH BACHMAN ASSISTANT TREASURER 2.00 X X 0 0 0 AMY HAWLEY ASSISTANT SECRETARY 2.00 X X 0 0 0 BRIAN COOK VICE PRESIDENT 2.00 X X 0 0 0 DONALD T CUNNINGHAM JR DIRECTOR 2.00 X 0 0 0 JOHN BLOYS DIRECTOR 2.00 X 0 0 0 JEFFREY D MANZI DIRECTOR 2.00 X 0 0 0 JOSHUA GRICE DIRECTOR 2.00 X 0 0 0 ABIGAIL MARTIN DIRECTOR 2.00 X 0 0 0 TARA SILFIES DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 27000 27000 PIDA INCENTIVE PAYMENT 900099 40759 40759 SERVICE/APPLICATION FE 900099 25351 25351 LOAN MAINTENANCE FEES 900099 11994 11994 78104 13567 13567 118671 78104 0 13567 X 45000 36658 8342 5700 5700 33913 33055 858 1548 1548 86161 69713 16448 0 1555533 1558256 2976 11208 939 1016 1559448 1570480 536 463131 441117 176792 176792 639923 618445 X 919525 952035 919525 952035 1559448 1570480 32510 0 X 0 1 X 0 0 0 ACCRUED PIDA LOAN LIABILITY 176792 176792 X 118671 0 118671 0 118671 86161 0 86161 0 86161 PART X, LINE 2: THE ORGANIZATION OPERATES AS A NOT-FOR-PROFIT CORPORATION IN THE COMMONWEALTH OF PENNSYLVANIA AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISION OF SECTION 501 (C)(4) OF THE INTERNAL REVENUE CODE AND NONE OF ITS PRESENT OR ANTICIPATED FUTURE ACTIVITIES ARE SUBJECT TO UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. UNCERTAIN TAX POSITIONS ARE EVALUATED IN ACCORDANCE WITH FASB ASC 740-10. FASB ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-THAN-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. FASB ASC 740-10 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS OR ACCRUED INTEREST OR PENALTIES AT DECEMBER 31, 2022 AND 2021. THE ORGANIZATION FILES FEDERAL FORM 990, RETURN OF ORGANIZATIONS EXEMPT FROM TAX, WITH THE UNITED STATES INTERNAL REVENUE SERVICE AND WITH THE BUREAU OF CHARITABLE ORGANIZATIONS IN PENNSYLVANIA. FORM 990, PART VI, SECTION A, LINE 3 LEHIGH VALLEY ECONOMIC INVESTMENT CORPORATION HAS A MANAGEMENT AGREEMENT WHEREBY LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION IS APPOINTED AS THE MANAGEMENT AGENT AND ADMINISTRATOR FOR LVEIC. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS SCANNED AND EMAILED TO THE BOARD FOR REVIEW AS SOON AS IT IS PROVIDED TO THE ORGANIZATION BY THE ACCOUNTANTS. FORM 990, PART VI, SECTION B, LINE 12C WHEN POTENTIAL CONFLICTS OF INTERESTS ARISE, PERSONNEL OF THE MANAGEMENT ENTITY ARE ENCOURAGED TO DISCLOSE THEM TO THE DIRECTOR OF ECONOMIC DEVELOPMENT FINANCE, PRIOR TO ANY TRANSACTION BEING CONSUMATED. POTENTIAL CONFLICTS OF INTEREST IN RELATIONS TO BOARD MEMBERS AND OFFICERS ARE TO BE DISCLOSED TO THE EXECUTIVE COMMITTEE OF THE LVEIC BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND 990 AVAILABLE UPON REQUEST. THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAM FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 858. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 858. FINANCING FEES: PROGRAM SERVICE EXPENSES 33,055. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,055.