2025-11-17T10:03:05-05:00 2024-12-31 232426656 BUCKNO LISICKY & COMPANY PC 444 MAIN STREET BETHLEHEM PA 18018 990 2024-01-01 232211627 BETHLEHEM ECONOMIC DEVELOPMENT CORPORATION BETH 6108657056 10 EAST CHURCH STREET BETHLEHEM PA 18018 ERIC EVANS TREASURER 6108657056 2025-11-07 true true JOHN V FILIPOS P01056967 6106910113 2025-11-14 2024 2025-03-06 01:10:19Z SEAN ZILLER 10 EAST CHURCH STREET BETHLEHEM PA 180186025 1019105 false X N/A X 1982 PA THE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ALL BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA, WITH AN EMPHASIS ON PROMOTING THE DEVELOPMENT OF MANUFACTURING, INDUSTRIAL, RESEARCH AND DEVELOPMENT ENTERPRISES; - TO COORDINATE A UNIFIED DOWNTOWN ORGANIZATION AND RETAIL STRATEGY; AND - TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL , STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL , REDEVELOPMENT AND IMPROVEMENT OF BUSINESS IN THE CITY OF BETHLEHEM, LEHIGH AND NORTHAMPTON COUNTIES, PENNSYLVANIA, ALL FOR THE PRIMARY PURPOSE OF COMBAT 8 8 2 0 0 663355 975076 38703 44029 0 702058 1019105 0 0 0 0 0 744760 748656 744760 748656 -42702 270449 2004845 2562744 1056391 1341049 948454 1221695 X THE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ALL BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA, WITH AN EMPHASIS ON PROMOTING THE DEVELOPMENT OF MANUFACTURING, INDUSTRIAL, RESEARCH AND DEVELOPMENT ENTERPRISES; - TO COORDINATE A UNIFIED DOWNTOWN ORGANIZATION AND RETAIL STRATEGY; AND - TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL , STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL , REDEVELOPMENT AND IMPROVEMENT OF BUSINESS IN THE CITY OF BETHLEHEM, LEHIGH AND NORTHAMPTON COUNTIES, PENNSYLVANIA, ALL FOR THE PRIMARY PURPOSE OF COMBAT false false 721686 975076 ACQUIRE, HOLD, IMPROVE, DEVELOP AND DISPOSE OF REAL PROPERTY LOCATED IN THE CITY OF BETHLEHEM AND TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS. 251 TO PROVIDE AFFORDABLE RENTAL SPACES TO SMALL BUSINESSES AND TO CONTINUE TO SERVE AND ATTRACT SMALL COMPANIES WITHIN THE TECHNOLOGY INDUSTRY TO THE CITY OF BETHLEHEM. 251 721937 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 12 0 2 true false false false false false false false false X 8 8 false false false false false false false true true false false false true true true true true false false false PA X ERIC EVANS 6108657056 10 EAST CHURCH STREET BETHLEHEM PA 18018 X LAURA COLLINS SECRETARY 1.00 0.00 X X 0 0 0 MICHAEL COLON DIRECTOR 1.00 0.00 X 0 0 0 DON CUNNINGHAM VICE PRESIDE 1.00 0.00 X X 0 0 0 ED DOUGHERTY DIRECTOR 1.00 0.00 X 0 0 0 ERIC EVANS TREASURER 1.00 0.00 X X 0 0 0 BRETT LUDWIG DIRECTOR 1.00 0.00 X 0 0 0 MAYOR J WILLIAM REYNOLDS PRESIDENT 1.00 0.00 X X 0 0 0 SEAN ZILLER EXECUTIVE DI 1.00 0.00 X X 0 0 0 false false false AMBASSADORS PROGRAM 501000 501000 SOUTH BETH MAIN ST INITIATIVE 308179 308179 521 E. 4TH ST. BETHLEHEM PA 88704 88704 KEYSTONE INNOVATION ZONE PROG 74293 74293 OTHER INCOME 2900 2900 975076 44029 44029 1019105 1019105 12161 12161 13250 13250 699 699 14467 14467 56114 56114 AMBASSADORS PROGRAM 316295 316295 S BETH MAIN ST INITIATIVE 210823 210823 KEYSTONE INNOVATION ZONE 74294 74294 RENT - PI 33057 33057 17496 16887 609 748656 721937 26719 0 929469 1274297 261401 266629 15792 840039 719192 176961 120847 637014 885179 2004845 2562744 794874 794874 261517 546175 1056391 1341049 X 948454 907473 314222 948454 1221695 2004845 2562744 270449 2792 X false true X true false X 783063 674304 108759 35888 23800 12088 21088 21088 120847 PROPERTY ACQD FOR RENOVATION & IMPV 571546 OPERATING LEASE RIGHT-OF -USE ASSET 313133 SECURITY DEPOSITS 500 885179 OPERATING LEASE LIABILITIES 311290 UNEARNED PROGRAM REVENUE 228381 SECURITY DEPOSITS - PI SUITES 6504 546175 1019105 1019105 1019105 748656 748656 748656 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION IS INCORPORATED UNDER THE NON-PROFIT CORPORATION LAW OF THE COMMONWEALTH OF PENNSYLVANIA FOR THE FOLLOWING PURPOSE OR PURPOSES: - TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM AND PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ALL BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN THE SAID AREA, WITH AN EMPHASIS ON PROMOTING THE DEVELOPMENT OF MANUFACTURING, INDUSTRIAL, RESEARCH AND DEVELOPMENT ENTERPRISES; - TO COORDINATE A UNIFIED DOWNTOWN ORGANIZATION AND RETAIL STRATEGY; AND - TO ASSIST IN THE DEVELOPMENT OF PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH FEDERAL , STATE AND LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL , REDEVELOPMENT AND IMPROVEMENT OF BUSINESS IN THE CITY OF BETHLEHEM, LEHIGH AND NORTHAMPTON COUNTIES, PENNSYLVANIA, ALL FOR THE PRIMARY PURPOSE OF COMBATING COMMUNITY DETERIORATION AND THE SECURING OF THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, COMMUNITY FACILITIES AND OTHER RELATED FACILITIES, SERVICES AND CONDITIONS, ECONOMIC OR OTHERWISE, CONDUCIVE TO THE PROGRESS AND GENERAL WELFARE OF THE COMMUNITY. - TO AID AND ASSIST IN THE CONSTRUCTION, ACQUISITION, REHABILITATION AND TRANSFER OF PROPERTY FOR THE PURPOSE OF ECONOMIC DEVELOPMENT OF THE CITY OF BETHLEHEM; - TO ENCOURAGE CITIZEN PARTICIPATION IN ECONOMIC AND COMMUNITY IMPROVEMENTS AND IMPROVEMENT PROGRAMS AND TO DISSEMINATE INFORMATION TO THE GENERAL PUBLIC - TO CARRY ON ANY OF THE FOREGOING ACTIVITIES OR PURPOSES EITHER DIRECTLY OR AS AGENT FOR OR WITH OTHER PERSONS, ASSOCIATIONS OR CORPORATIONS; AND - TO CARRY ON ANY ACTIVITY AND TO DEAL WITH AND EXPEND ANY SUCH PROPERTY OR INCOME THEREFROM FOR ANY OF THE FOREGOING PURPOSES WITHOUT LIMITATIONS, EXCEPT SUCH LIMITATIONS, IF ANY, AS MAY BE CONTAINED IN THE INSTRUMENT UNDER WHICH SUCH PROPERTY IS RECEIVED, THE CERTIFICATE OF INCORPORATION , THE BY-LAWS OF THE CORPORATION, OR ANY OTHER LIMITATIONS AS PRESCRIBED BY LAW, PROVIDED THAT NO SUCH ACTIVITY SHALL BE SUCH AS IS NOT PERMITTED BY A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW, AND THAT THE CORPORATION SHALL NOT ATTEMPT TO INFLUENCE LEGISLATION BY PROPAGANDA OR OTHERWISE, NOR SHALL IT INTERVENE IN OR PARTICIPATE IN ANY POLITICAL CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE; AND PROVIDED FURTHER THAT NO PART OF THE NET EARNINGS OF THIS CORPORATION SHALL INURE TO THE BENEFIT OF ANY MEMBER, OFFICER, DIRECTOR OR PRIVATE INDIVIDUAL; AND NO DIRECTOR OR OFFICER OF THE CORPORATION SHALL RECEIVE ANY PECUNIARY BENEFIT FROM THE CORPORATION EXCEPT SUCH REASONABLE COMPENSATION AS MAY BE ALLOWED FOR SERVICES ACTUALLY RENDERED TO THE CORPORATION. FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE AFFORDABLE RENTAL SPACES TO SMALL BUSINESSES AND TO CONTINUE TO SERVE AND ATTRACT SMALL COMPANIES WITHIN THE TECHNOLOGY INDUSTRY TO THE CITY OF BETHLEHEM. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION PROVIDES A COPY OF FORM 990 EITHER BY EMAIL OR MAIL BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR, OFFICER, EMPLOYEE, VOLUNTEER IN A LEADERSHIP ROLE, OR INDEPENDENT CONTRACTOR SHALL SIGN A CERTIFICATION ON AN ANNUAL BASIS. THE INTERESTED PERSON MUST DISCLOSE IN WRITING OR VERBALLY AT A BOARD OF DIRECTORS MEETING THAT THERE IS AN EXISTENCE OF A CONFLICT OF INTEREST AND THE NATURE OF HIS OR HER CONFLICT OF INTEREST. THE BOARD OF DIRECTORS SHALL, IF APPROPRIATE, INVESTIGATE ALTERNATIVES TO THE ACTUAL OR PROPOSED TRANSACTIONS OR ARRANGEMENTS. AFTER EXCERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER BEDCO CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.