2025-11-13T16:00:41-06:00 2024-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-01-01 231352264 PENNSYLVANIA ECONOMY LEAGUE INC PENN 2672093974 901 MARKET STREET 3020 PHILADELPHIA PA 19107 JEFF HORNSTEIN PHD EXECUTIVE DIRECTOR 2672506480 2025-11-13 1 0 SARAH R PIOT P01358891 4122613644 2024 2025-03-06 01:10:19Z JEFF HORNSTEIN PHD 901 MARKET STREET 3020 PHILADELPHIA PA 19107 4923382 0 X WWW.ECONOMYLEAGUE.ORG X 1936 PA THE PENNSYLVANIA ECONOMY LEAGUE ("PEL") IS AN INDEPENDENT NON-PROFIT PUBLIC POLICY RESEARCH ENTITY. 9 8 3 9 0 0 2813702 3692247 906261 1219528 10979 11607 0 0 3730942 4923382 0 15832 0 0 2750063 3104491 0 0 320273 1663763 1801560 4413826 4921883 -682884 1499 2159381 1841306 2521098 1712838 -361717 128468 X THE PENNSYLVANIA ECONOMY LEAGUE (PEL) IS AN INDEPENDENT NON-PROFIT PUBLIC POLICY RESEARCH AND DEVELOPMENT ORGANIZATION COMPRISED OF THREE LIMITED LIABILITY COMPANIES: PEL, SOUTHEASTERN PA, LLC, DBA ECONOMY LEAGUE OF GREATER PHILADELPHIA; SEE SCHEDULE O FOR CONTINUATIONTHE PENNSYLVANIA ECONOMY LEAGUE OF SOUTHWESTERN PA, LLC, DBA THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH; AND THE PENNSYLVANIA ECONOMY LEAGUE, CENTRAL PA, LLC. PEL'S MISSION IS TO PROVIDE INDEPENDENT RESEARCH ON EMERGING ISSUES IN ORDER TO STIMULATE PUBLIC AND PRIVATE ACTION AND TO MAKE PENNSYLVANIA A BETTER PLACE TO LIVE, WORK AND DO BUSINESS. ITS PURPOSE IS TO CREATE A KNOWLEDGEABLE CORPORATE AND CIVIC AUDIENCE TO HELP ENSURE THE ECONOMIC COMPETITIVENESS OF THE COMMONWEALTH AND ITS REGIONS. 0 0 1455190 683988 THE ECONOMY LEAGUE OF GREATER PHILADELPHIA FOSTERS EQUITABLE AND INCLUSIVE GROWTH IN GREATER PHILADELPHIA BY PRODUCING IMPACTFUL, NONPARTISAN RESEARCH, CONNECTING DIVERSE LEADERS, AND ADVANCING SHARED SOLUTIONS. THE ELGP IS OUR REGION'S INDEPENDENT 'THINK-AND-DO TANK,' FOUNDED IN 1909 BY FORWARD-THINKING CIVIC LEADERS, UNITED BY THE BELIEF THAT BUSINESS HAS A CIVIC RESPONSIBILITY BEYOND PROFIT-MAKING, AND THAT IT IS THE CITIZENS BUSINESS TO ENSURE THAT LOCAL GOVERNMENT AND THE LOCAL ECONOMY WORK FOR ALL. SEE SCHEDULE O FOR CONTINUATIONIN 2024 THE ECONOMY LEAGUE SERVED ITS MISSION WITH 4 DISTINCT PROGRAM LINES, OVERSEEN BY THE BOARD'S PROGRAM COMMITTEE. THESE PROGRAM LINES ARE THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX), FOCUSED ON BUILDING 'CIVIC MUSCLE' VIA A YEAR-LONG SERIES OF PROGRAMS CULMINATING IN AN ANNUAL LEADERSHIP SUMMIT; PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE), WHICH HARNESSES INSTITUTIONAL PURCHASING POWER TO DRIVE JOBS AND GROWTH AMONG DIVERSE LOCAL BUSINESSES; THE RESEARCH & ANALYTICS DEPARTMENT, WHICH PRODUCES INDEPENDENT NONPARTISAN RESEARCH AND ANALYSIS AIMED AT FACILITATING INFORMED DECISION MAKING BY POLICY MAKERS AND ADVOCATES; AND IMPACT LABS, A SOCIAL INNOVATION INCUBATOR AND ACCELERATOR DESIGNED TO IDENTIFY AND SUPPORT EVERYDAY INNOVATORS WITH NOVEL IDEAS FOR TACKLING THE REGION'S MOST PRESSING PROBLEMS.THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX) IS AN INITIATIVE OF THE ECONOMY LEAGUE AIMED AT BUILDING 'CIVIC MUSCLE' BY CREATING A CADRE OF WELL-INFORMED AND NETWORKED BUSINESS, CIVIC, NONPROFIT, AND GOVERNMENT LEADERS. THROUGH IN-REGION PROGRAMMING AND OUT-OF-REGION LEARNING VISITS, GPLEX EXPOSES LEADERS TO BEST PRACTICES, FORGES NEW CONNECTIONS ACROSS SECTORS AND INDUSTRIES AND DEEPENS PARTICIPANTS' UNDERSTANDING OF GREATER PHILADELPHIA'S POTENTIAL. FROM SEPTEMBER 29-OCT 1, MORE THAN 170 PHILADELPHIANS CONVENED IN SAN DIEGO FOR THE ANNUAL CONFERENCE. PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE) IS A PARTNERSHIP BETWEEN THE ECONOMY LEAGUE, THE CITY OF PHILADELPHIA'S COMMERCE DEPARTMENT, AND THE CITY'S MAJOR EDS-AND-MEDS INSTITUTIONS. PAGE ANALYZES THE WAY THESE INSTITUTIONS SPEND THEIR PROCUREMENT DOLLARS AND IS BUILDING INFRASTRUCTURE TO HELP THE INSTITUTIONS SHIFT MORE OF THEIR ROUGHLY $5 BN IN ANNUAL SPEND TO LOCAL DIVERSE BUSINESSES. PAGE HAS GARNERED OVER $2 MILLION IN FINANCIAL SUPPORT FROM THE STAKEHOLDERS THEMSELVES AS WELL AS THE TD CHARITABLE FOUNDATION, THE AMERISOURCE BERGEN FOUNDATION, THE BARRA FOUNDATION, THE LENFEST FOUNDATION, THE BANK OF AMERICA FOUNDATION, THE FEDERAL ECONOMIC DEVELOPMENT AGENCY, THE WILLIAM PENN FOUNDATION, M&T BANK, AND JP MORGAN CHASE. WE HELD A VERY SUCCESSFUL AND WELL-ATTENDED PAGE SUMMIT IN FEBRUARY 2024 FEATURING MAYOR CHERELLE PARKER AS A KEYNOTE SPEAKER - AND A REAL ESTATE & CONSTRUCTION SUMMIT IN AUGUST 2024, WHICH FEATURED CITY COUNCIL PRESIDENT KENYATTA JOHNSON.SINCE ITS FOUNDING IN 1909, THE ECONOMY LEAGUE HAS BEEN A RESOURCE FOR IMPARTIAL ANALYSIS AND INSIGHT INTO OUR REGION'S ECONOMIC HEALTH. FOR MORE THAN 5 YEARS OUR RESEARCH TEAM HAS PRODUCED CONSISTENT BIWEEKLY LEADING INDICATORS DATA BRIEFS THAT SHED LIGHT ON THE LOCAL ECONOMY AND MANY OTHER TOPICS RELEVANT TO POLICYMAKERS, JOURNALISTS, AND CIVIC LEADERS. IN 2024 WE WERE AWARDED A $75,000 GRANT BY THE LENFEST INSTITUTE OF JOURNALISM TO BUILD A CIVIC DATE PLATFORM THAT WILL DEMOCRATIZE ACCESS TO CIVIC DATA AND ENABLE JOURNALISTS AND POLICY MAKERS TO CONSTRUCT DATA ANALYSES AND VISUALIZATIONS WITHOUT PRIOR EXPERTISE. LEVERAGING AN IMPORTANT ECONOMY LEAGUE STUDY THAT REVEALED MASSIVE RACIAL INEQUITY IN PROPERTY VALUATION, KNOW YOUR PRICE, PHILLY, WE PROPOSED AN IMPACT LABS INNOVATION CHALLENGE DESIGNED TO SOURCE COMMUNITY-DRIVE SOLUTIONS TO REVALUING PROPERTY IN HISTORICALLY MARGINALIZED COMMUNITIES. WE RAISED OVER $300,000 FROM CORPORATE AND PHILANTHROPIC SOURCES AND PREPARED TO LAUNCH THE FAIR CITY CHALLENGE AT THE END OF THE YEAR, WITH THE GOAL OF AWARDING A $50,000 GRAND PRIZE IN FALL 2025. 1411353 523140 THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH (PELGP), ALONG WITH OUR AFFILIATED ORGANIZATIONS ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (ACCD), PITTSBURGH REGIONAL ALLIANCE (PRA) AND GREATER PITTSBURGH CHAMBER OF COMMERCE (GPCC) - AND OUR REGIONAL INVESTOR COUNCIL PARTNERS, TOOK IMPORTANT STEPS TOWARD ACHIEVING THE GLOBALLY COMPETITIVE REGION WE STRIVE FOR.SEE SCHEDULE O FOR CONTINUATIONPELGP HAS FOCUSED ITS EFFORTS ON STRENGTHENING ITS THOUGHT LEADERSHIP COMMITTEE TO STEP UP ITS EXPERTISE AND INFLUENCE ON STRATEGIC ECONOMIC DEVELOPMENT ISSUES. AS PART OF THEIR COMMITMENT TO LEADING THE DEVELOPMENT OF POLICY SOLUTIONS AND ENGAGING CRITICAL STAKEHOLDERS TO DRIVE POLICY AND PROGRAMMATIC CHANGES ACROSS INTEREST AREAS, THE COMMITTEE HAS SUCCESSFULLY HOSTED SEVERAL ENTREPRENEURIAL SUMMITS, EXPANDED PARTNERSHIPS WITH UNIVERSITIES AND SMALL BUSINESSES, AND ADVANCED SUPPORT FOR CRITICAL LEGISLATION THAT REINFORCES ACCD'S DEDICATION TO DRIVING SUSTAINABLE ECONOMIC GROWTH. A CROSS-DEPARTMENTAL TEAM, GUIDED BY THE THOUGHT LEADERSHIP COMMITTEE, HAS DEVELOPED A COMPREHENSIVE WORK PLAN ALIGNED WITH THREE PRIMARY GOALS: WORKFORCE AND TALENT, INCLUSIVE ECONOMIES, AND CLUSTER STRATEGY AND BUSINESS GROWTH. THE THOUGHT LEADERSHIP TEAM HAS CONTINUED TO PRODUCE REGULAR REPORTS AND ANALYSIS ON THE STATE OF THE REGION'S ECONOMY AND HAS BEGUN DEVELOPING AND PRODUCING NEW REPORTS THAT BRING GREATER INSIGHT INTO SOCIO-ECONOMIC TRENDS AND POLICY ISSUES.IN ADDITION TO THESE ACCOMPLISHMENTS, THE THOUGHT LEADERSHIP COMMITTEE ALSO MANAGES THE REGIONAL GROWTH AND COMPETITIVENESS SUBCOMMITTEE, WHICH IS MADE UP OF REGIONAL BUSINESS LEADERS FROM THE REGIONAL INVESTOR COUNCIL. THE SUBCOMMITTEE CONVENES ONCE PER QUARTER FOR A ROUNDTABLE DISCUSSION OF CURRENT BUSINESS CONDITIONS, ECONOMIC TRENDS, AND GROWTH EXPECTATIONS WHICH HELP TO INFORM THOUGHT LEADERSHIP'S STRATEGIC GOALS AND RESEARCH PRIORITIES. 293660 12400 2024 MARKED A YEAR OF TRANSITION AND CONTINUED IMPACT FOR THE PENNSYLVANIA ECONOMY LEAGUE, CENTRAL PA, LLC.SEE SCHEDULE O FOR CONTINUATIONFOCUS ON LOCAL GOVERNMENT FINANCIAL DISTRESSTHROUGHOUT 2024, THE PERSISTENT ISSUE OF LOCAL GOVERNMENT FINANCIAL DISTRESS REMAINED AT THE HEART OF PEL'S RESEARCH, CIVIC EDUCATION, AND PROJECT AGENDA. ONGOING ECONOMIC CHALLENGES AND GLOBAL UNCERTAINTIES REINFORCED THE NEED FOR ROBUST STRATEGIES TO ADDRESS THIS CRISIS. PEL CONTINUED PROVIDING MUNICIPALITIES ACROSS THE COMMONWEALTH WITH TECHNICAL ASSISTANCE, BUILDING ON ITS ESTABLISHED EXPERTISE.HOME RULE CHARTER PROJECTSSIGNIFICANT STRIDES WERE MADE IN SUPPORTING GOVERNMENT STUDY COMMISSIONS, WITH THE PURPOSE OF ADOPTING HOME RULE CHARTERS: BOROUGH OF WILKINSBURG: AFTER RESIDENTS VOTED TO ESTABLISH A GOVERNMENT STUDY COMMISSION IN NOVEMBER 2022, PEL WAS RETAINED AS A CONSULTANT IN MAY 2023. BY AUGUST, THE COMMISSION UNANIMOUSLY VOTED TO DRAFT A HOME RULE CHARTER. CITY OF LANCASTER: FOLLOWING A MAY 2023 VOTE TO FORM A GOVERNMENT STUDY COMMISSION, PEL WAS HIRED IN JUNE. WORK CONTINUED INTO 2024 AS THE COMMISSION EXPLORED POTENTIAL REFORMS. CITY OF SHAMOKIN: AFTER TWO PREVIOUS ATTEMPTS TO FORM A GOVERNMENT STUDY COMMISSION, THE CITY OF SHAMOKIN ELECTED COMMISSIONERS IN APRIL 2024. PEL WAS RETAINED AS A CONSULTANT TO ASSIST WITH THIS WORK. LUZERNE COUNTY: LUZERNE COUNTY RESIDENTS VOTED TO REEXAMINE ITS HOME RULE CHARTER. PEL WAS RETAINED AS THE CONSULTANT TO SUPPORT THESE EFFORTS. THESE PROJECTS SIGNIFY A SHIFT IN PEL'S TECHNICAL ASSISTANCE WORK, MOVING FROM MERELY ASSESSING ECONOMIC LANDSCAPES TO RECOMMENDING STRUCTURAL CHANGES IN PUBLIC ADMINISTRATION FOR LONG-TERM MUNICIPAL SUSTAINABILITY.ADDITIONAL TECHNICAL ASSISTANCEBEYOND THE HOME RULE PROJECTS, PEL'S TECHNICAL SUPPORT EXTENDED TO A RANGE OF OTHER INITIATIVES: A COLLABORATION WITH ECKERT SEAMANS FOR AN ASSESSMENT OF HANNOVER AREA FIRE AND RESCUE, FINALIZED IN AUGUST 2023, EVALUATING FINANCIAL SUSTAINABILITY AND ADMINISTRATIVE OPERATIONS FOR THE REGIONAL FIRE DEPARTMENT OF HANOVER BOROUGH AND PENN TOWNSHIP. AS ONE OF THE FEW PAID BOROUGH AND TOWNSHIP FIRE DEPARTMENTS IN PENNSYLVANIA, PEL'S ASSESSMENT PROVIDED SUPPORT OF PREVIOUS RECOMMENDATIONS FROM THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED), AND RECOMMENDED BEST PRACTICES FOR FUTURE SUSTAINABILITY AND SUCCESS. POST-ACT 47 ASSISTANCE FOR THE CITY OF SCRANTON, ACT-47 SUPPORT FOR THE CITY OF SHAMOKIN, AND SUPPORT IN EXITING ACT 47 FOR THE CITY OF HAZLETON AND THE BOROUGH OF MAHANOY CITY. STRATEGIC MANAGEMENT PLANNING PROGRAM SUPPORT FOR THE MUNICIPALITIES OF JEFFERSON COUNTY, AND THE BOROUGHS OF DUNMORE, COUDERSPORT, LUZERNE, AND CATASAUQUA. A FINANCIAL HEALTH ASSESSMENT, A NEW DCED INITIATIVE, FOR THE BOROUGH OF STARRUCCA.CIVIC EDUCATION AND POLICY ENGAGEMENTIN 2024, PEL EXPANDED ITS CIVIC EDUCATION EFFORTS. REGIONAL COMMITTEES WERE CONTINUED IN YORK, READING (BERK COUNTY), AND SCRANTON/WILKES-BARRE (NEPA). PEL ALSO HOSTED AN IN-PERSON ISSUES FORUM ON HOME RULE IN YORK, FEATURING DR. BRIAN ADAMS (CHAIR OF LANCASTER'S GOVERNMENT STUDY COMMISSION) AND YORK MAYOR MICHAEL HELFRICH, ON THE POLICY FRONT, PEL REMAINED ACTIVELY ENGAGED IN STATE-LEVEL DISCUSSIONS: PROVIDED TESTIMONY ON MULTIPLE OCCASIONS TO THE PENNSYLVANIA HOUSE LOCAL GOVERNMENT COMMITTEE. PRESENTED ON THE HOME RULE PROCESS AND INTRICACIES TO COMMUNITY ORGANIZATIONS, INCLUDING BETTER YORK AND THE HOURGLASS FOUNDATION. PROVIDING TESTIMONY ON SCHOOL DISTRICT MERGERS BEFORE THE BASIC EDUCATION FUNDING COMMISSION. CONTINUED PRESENTING ON ITS NOT 1965 ANYMORE AT THE PENNSYLVANIA BUSINESS PRIVILEGE AND MERCANTILE TAX COLLECTORS ASSOCIATION ANNUAL CONFERENCE. PRESENTED ON PEL'S WORK RELATED TO THE HERMITAGE-WHEATLAND MERGER TO THE GOVERNMENT FINANCE OFFICERS ASSOCIATION OF PENNSYLVANIA.OUTREACH AND COMMUNICATIONPEL'S WEEKLY NEWSLETTERS KEPT SUBSCRIBERS INFORMED ABOUT KEY PROJECTS AND PUBLIC POLICY TOPICS. THE GROWING SUBSCRIBER BASE AND ABOVE-AVERAGE CLICK-THROUGH RATES REFLECT THE HIGH VALUE OF THE CONTENT SHARED. 3160203 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 21 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 PA X JEFF HORNSTEIN PHD 2672506480 901 MARKET STREET 3020 PHILADELPHIA PA 19107 JEFF HORNSTEIN EXECUTIVE DIRECTOR 40.00 X X 190796 0 13811 RYAN MCGOWAN TREASURER 1.00 X X 0 0 0 WILLIAM RHODES CHAIR 1.00 X X 0 0 0 LEROY BALL DIRECTOR 1.00 X 0 0 0 DAVID BLUM DIRECTOR 1.00 X 0 0 0 ELLIOT DINKIN DIRECTOR 1.00 X 0 0 0 STUART G HOFFMAN DIRECTOR 1.00 X 0 0 0 KEVIN SNIDER DIRECTOR 1.00 X 0 0 0 STEVE STETLER DIRECTOR 1.00 X 0 0 0 KENYATTA JAMES DEPUTY EXECUTIVE DIRECTOR 40.00 X 109751 0 8033 300547 0 21844 2 0 1 0 0 250000 3442247 3692247 ELGP PROJECT REVENUE 900003 683988 683988 CENTRAL PROJECT REV 900003 523140 523140 PELGP PROGRAM REVENUE 900003 12400 12400 1219528 11607 11607 4923382 1219528 0 11607 X 15832 15832 204607 130869 60332 13406 2809969 1797292 828573 184104 89915 57511 26513 5891 9656 6176 2847 633 172317 110216 50811 11290 616129 394084 181677 40368 37695 24110 11115 2470 71480 45720 21077 4683 77569 49614 22873 5082 119358 76343 35195 7820 76528 48948 22566 5014 334497 213948 98633 21916 16013 10242 4722 1049 34662 22170 10221 2271 29022 18564 8557 1901 RESEARCH TOOLS 118232 75623 34863 7746 PROFESSIONAL DUES 25032 16011 7381 1640 SPONSORSHIPS 17758 17758 45612 29172 13451 2989 4921883 3160203 1441407 320273 384663 161016 922391 336995 553704 304241 161079 927158 27710 53721 20067 19502 1778 565 2500 0 54533 34083 51023 23527 2159381 1841306 344130 306426 250000 0 1926968 1406412 2521098 1712838 X -922098 -181937 560381 310405 -361717 128468 2159381 1841306 X 1499 38909 449777 X X 0 1 X 1 0 X 1621661 2540560 3215815 2813702 3692247 13883985 1621661 2540560 3215815 2813702 3692247 13883985 1141038 12742947 965 305 2291 21033 11607 36201 13920186 5814658 0.91540 0.90110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20067 19502 565 565 PENSION OBLIGATION 1006410 RELATED PARTY PAYABLES 382878 LEASE LIABILITIES 17124 1406412 X 4948542 25160 25160 4923382 0 4923382 4947043 25160 25160 4921883 0 4921883 PART X, LINE 2: THE CORPORATION FOLLOWS THE PROVISION OF THE CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR COMBINED FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE CORPORATION'S COMBINED STATEMENTS OF FINANCIAL POSITION AT DECEMBER 31, 2024 AND 2023 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE CORPORATION HAS NO UNRECOGNIZED TAX BENEFITS. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2021. 0 TEMPLE UNIVERSITY 1801 LIACOURAS WALK ALTER HALL 362 PHILADELPHIA PA 19122 231365971 501(C)(3) 7100 0 N/A N/A GENERAL SUPPORT 1 0 X X X 0 0 0 0 0 0 0 0 0 JEFF HORNSTEIN EXECUTIVE DIRECTOR 190796 0 0 0 0 0 0 0 13811 0 204607 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE PEL, INC. BOARD OF DIRECTORS IS COMPRISED OF DIRECTORS APPOINTED BY THE THREE DIVISIONS' BOARDS OF DIRECTORS (I.E., THREE DISREGARDED ENTITIES). EACH DIVISION HAS THE RIGHT TO ELECT THREE (3) DIRECTORS TO SERVE ON PEL, INC.'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A FINAL COPY OF THE FORM 990 WILL BE MADE AVAILABLE TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS. ALTHOUGH NOT REQUIRED, THE BOARD HAS THE OPPORTUNITY TO REVIEW AND/OR COMMENT ON THE FORM 990 BEFORE OR AFTER IT IS FILED AS PART OF ITS BOARD ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 12C (PELGP) ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE (O,D,KE) OF THE ORGANIZATION MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND AFFIRM THAT HE/SHE HAS READ, UNDERSTOOD AND HAS COMPLIED WITH THE POLICY. HE/SHE ALSO AFFIRMS THAT THE FORM HAS BEEN COMPLETED TO THE BEST OF HIS/HER KNOWLEDGE. ALL RESPONSES TO THE DISCLOSURE STATEMENT ARE SUMMARIZED BY THE ACCOUNTING DEPARTMENT, IDENTIFYING TRANSACTIONS BETWEEN THE O,D,KE AND THE ORGANIZATIONS' VENDORS, THE O,D,KE AND THE ORGANIZATIONS AND ITS AFFILIATES, A SUMMARY OF EACH O,D,KE'S POSITIONS ON OTHER BOARDS AND A SUMMARY OF KEY RESPONSES TO THE QUESTIONNAIRE. THE CHIEF EXECUTIVE OFFICER OR HIS/HER DESIGNEE IS RESPONSIBLE FOR REVIEWING THE SUMMARY OF DISCLOSURE STATEMENTS SO THAT HE/SHE IS FAMILIAR WITH AND CAN REPORT POTENTIAL CONFLICTS TO THE BOARD. THE FOLLOWING APPLIES TO ALL LLC'S: IN ADDITION, EACH INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST OR OTHER INTEREST (AND ALL MATERIAL FACTS REGARDING SUCH INTEREST) AT THE TIME THE BOARD IS CONSIDERAING A TRANSACTION THAT MAY INVOLVE A CONFLICT OR THE APPEARANCE OF A CONFLICT. IF DETERMINED A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MUST RECUSE HIMSELF OR HERSELF FROM VOTING. THE BOARD WILL THEN CONSIDER OBTAINING COMPARABLE INFORMATION WITH RESPECT TO THE TRANSACTION OR ARRANGEMENT PRIOR TO VOTING. IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT WILL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBERS RESPONSE AND MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE BOARD WILL DISCLOSE THE ACTION TAKEN. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: EXECUTIVE DIRECTOR SALARY IS DETERMINED BY A COMPENSATION COMMITTEE OF THE ELGP MANAGEMENT COMMITTEE, MADE UP OF THE BOARD CHAIR, VICE CHAIR, AND CHAIRS OF ALL STANDING COMMITTEES. THE COMMITTEE DOES AN ANNUAL PERFORMANCE REVIEW AND RECOMMENDS SALARY AND OR PERFORMANCE BONUSES BASED ON REVIEW AND MEETING PLANNED GOALS AND OBJECTIVES. THE COMMITTEE HAS CONDUCTED PEER ORGANIZATION ANALYSIS TO ENSURE SALARIES ARE WITHIN RANGE. OTHER PROFESSIONAL STAFF SALARIES ARE AT THE DISCRETION OF THE EXECUTIVE DIRECTOR, IN CONSULTATION WITH THE BOARD MANAGEMENT COMMITTEE AND AUDIT AND FINANCE COMMITTEE. PART VI, SECTION B, LINE 15B: COMPENSATION PROCESS FOR OTHER OFFICERS OR KEY EMPLOYEES: NO OTHER OFFICERS OR KEY EMPLOYEES WERE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS MADE AVAILABLE THROUGH THE ORGANIZATION TO THE GENERAL PUBLIC UPON REQUEST. IT IS PREFERRED THAT THE REQUESTOR NOTIFIES THE ORGANIZATION IN WRITING. IF REQUESTOR AGREES TO REIMBURSE FOR COPY CHARGES, A HARD COPY OF THE PUBLIC DISCLOSURE COPY WILL BE PROVIDED AND MAILED. THE ORGANIZATION ALSO MAKES ITS PUBLIC DISCLOSURE COPY AVAILABLE FOR INSPECTION AT ITS OFFICE LOCATIONS AT NO CHARGE. THE CONFLICT OF INTEREST POLICY AND FINANICAL STATEMENTS ARE NOT MADE READILY AVAILABLE TO THE PUBLIC (VIA THE ORGANIZATIONS WEBSITE), BUT REQUESTS FOR THIS INFORMATION WOULD BE HANDLED ON A CASE BY CASE BASIS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 394,084. MANAGEMENT AND GENERAL EXPENSES 181,677. FUNDRAISING EXPENSES 40,368. TOTAL EXPENSES 616,129. FORM 990, PART XI, LINE 9: CHANGE IN PENSION OBLIGATION 449,777. FORM 990, PART XII, LINE 2C COMMITTEE OVERSIGHT: THERE WERE NO CHANGES FROM THE PRIOR YEAR. PAGE 1, BOX J: ADDITIONAL WEBSITES OF THE ORGANIZATION: WWW.PELCENTRAL.ORG AND WWW.PELGP.ORG. PENNSYLVANIA ECONOMY LEAGUE OF CENTRAL PENNSYLVANIA LLC 88 N FRANKLIN STREET SUITE 200 WILKESBARRE PA 18701 231352264 RESEARCH PA 524069 218781 PENNSYLVANIA ECONOMY LEAGUE INC PENNSYLVANIA ECONOMY LEAGUE SOUTHEASTERN PA LLC 901 MARKET STREET SUITE 3020 PHILADELPHIA PA 19107 231352264 RESEARCH PA 1918717 399758 PENNSYLVANIA ECONOMY LEAGUE INC PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 231352264 RESEARCH PA 2445752 1171605 PENNSYLVANIA ECONOMY LEAGUE INC