Green Knight Economic Development Corporation

Pen Argyl, PA
Tax-exempt since Nov. 1999
EIN: 23-3005840

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$2.4M (2023)

Expenses

$1.69M (2023)

Total Assets

$11.8M (2023)

Total Liabilities

$1.91M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$2,400,137

Expenses

$1,690,102

Net Income

$710,035

Net Assets

$9,897,527

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$142,435	5.9%
Program Services	$2,023,098	84.3%
Investment Income	$112,295	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$68,488	2.9%
Net Fundraising	$0
Sales of Assets	$53,821	2.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$11,806,370
Total Liabilities	$1,908,843
Net Assets	$9,897,527

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert E Cornman Jr (President)	$0	$0	$0
Peter R Albanese (Treasurer)	$0	$0	$0
Larry Feller (Secretary)	$0	$0	$0
John Goffredo (Vice President)	$0	$0	$0
James Policeli (Director)	$0	$0	$0
James Nico Goffredo (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$3,668,403

Expenses

$1,180,726

Net Income

$2,487,677

Net Assets

$9,092,062

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$152,815	4.2%
Program Services	$3,328,903	90.7%
Investment Income	$18,882	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$88,908	2.4%
Net Fundraising	$0
Sales of Assets	$46,296	1.3%
Net Inventory Sales	$0
Other Revenue	$32,599	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$11,085,506
Total Liabilities	$1,993,444
Net Assets	$9,092,062

Compensation

Key Employees and Officers	Compensation	Related	Other
Carlton E Snyder (Director)	$0	$0	$0
Robert E Cornman Jr (President)	$0	$0	$0
Peter R Albanese (Treasurer)	$0	$0	$0
Larry Feller (Secretary)	$0	$0	$0
John Goffredo (Vice President)	$0	$0	$0
John Cuono (Director)	$0	$0	$0
James Policeli (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,965,096

Expenses

$1,211,021

Net Income

$754,075

Net Assets

$6,588,123

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$686,810	35.0%
Program Services	$1,232,814	62.7%
Investment Income	$1,255	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$44,217	2.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$9,422,640
Total Liabilities	$2,834,517
Net Assets	$6,588,123

Compensation

Key Employees and Officers	Compensation	Related	Other
Carlton E Snyder (President)	$0	$0	$0
Robert E Cornman Jr (V.P.)	$0	$0	$0
Peter R Albanese (Treasurer)	$0	$0	$0
Larry Feller (Secretary)	$0	$0	$0
John Goffredo (Director)	$0	$0	$0
John Cuono (Director)	$0	$0	$0
James Policeli (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$2,649,189

Expenses

$1,957,009

Net Income

$692,180

Net Assets

$5,834,462

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,561,488	58.9%
Program Services	$944,950	35.7%
Investment Income	$13,955	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$128,796	4.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$8,399,575
Total Liabilities	$2,565,113
Net Assets	$5,834,462

Compensation

Key Employees and Officers	Compensation	Related	Other
Carlton E Snyder (President)	$0	$0	$0
Robert E Cornman Jr (V.P.)	$0	$0	$0
Peter R Albanese (Treasurer)	$0	$0	$0
Stephen J Hurni (Secretary)	$0	$0	$0
John Goffredo (Director)	$0	$0	$0
John Cuono (Director)	$0	$0	$0
Larry Feller (Director)	$0	$0	$0
James Policeli (Director)	$0	$0	$0

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990

Filed on Jan. 21, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$1,645,591

Expenses

$1,058,904

Net Income

$586,687

Net Assets

$5,142,282

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$532,649	32.4%
Program Services	$995,025	60.5%
Investment Income	$40,486	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$77,431	4.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$8,729,854
Total Liabilities	$3,587,572
Net Assets	$5,142,282

Compensation

Key Employees and Officers	Compensation	Related	Other
Carlton E Snyder (President)	$0	$0	$0
Robert E Cornman Jr (V.P.)	$0	$0	$0
Peter R Albanese (Treasurer)	$0	$0	$0
Stephen J Hurni (Secretary)	$0	$0	$0
John Goffredo (Director)	$0	$0	$0
John Cuono (Director)	$0	$0	$0
Larry Feller (Director)	$0	$0	$0
James Policeli (Director)	$0	$0	$0

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990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$1,641,326

Expenses

$1,310,354

Net Income

$330,972

Net Assets

$4,555,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,531,454	93.3%
Investment Income	$31,120	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$78,752	4.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$8,938,167
Total Liabilities	$4,382,572
Net Assets	$4,555,595

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$1,392,159

Expenses

$1,477,076

Net Income

-$84,917

Net Assets

$4,224,623

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$146,144	10.5%
Program Services	$1,151,577	82.7%
Investment Income	$24,748	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$69,690	5.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$9,362,195
Total Liabilities	$5,137,572
Net Assets	$4,224,623

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,496,053

Expenses

$1,302,060

Net Income

$193,993

Net Assets

$4,309,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,415,111	94.6%
Investment Income	$16,650	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$64,292	4.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$7,414,540
Total Liabilities	$3,105,000
Net Assets	$4,309,540

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$1,845,888

Expenses

$1,260,750

Net Income

$585,138

Net Assets

$4,018,782

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,780,368	96.5%
Investment Income	$18,152	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$47,348	2.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$7,895,548
Total Liabilities	$3,876,766
Net Assets	$4,018,782

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,824,899

Expenses

$1,104,984

Net Income

$719,915

Net Assets

$3,433,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,812,480	99.3%
Investment Income	$12,419	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$7,853,630
Total Liabilities	$4,420,000
Net Assets	$3,433,630

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,897,468

Expenses

$1,116,601

Net Income

$780,867

Net Assets

$2,523,489

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,890,986	99.7%
Investment Income	$6,482	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$7,548,489
Total Liabilities	$5,025,000
Net Assets	$2,523,489

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,389,256

Expenses

$2,656,076

Net Income

-$1,266,820

Net Assets

$1,742,622

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,363,491	98.1%
Investment Income	$25,765	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$7,342,622
Total Liabilities	$5,600,000
Net Assets	$1,742,622

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,589,888

Expenses

$1,396,957

Net Income

$192,931

Net Assets

$3,009,442

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,557,891	98.0%
Investment Income	$31,997	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$9,154,442
Total Liabilities	$6,145,000
Net Assets	$3,009,442

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Green Knight Economic Development Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.4M (2023)

Expenses $1.69M (2023)

Total Assets $11.8M (2023)

Total Liabilities $1.91M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

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Compensation

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Fiscal Year Ending Dec. 2021

Extracted Financial Data

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Compensation

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Fiscal Year Ending Dec. 2020

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

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Fiscal Year Ending Dec. 2017

Extracted Financial Data

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Fiscal Year Ending Dec. 2016

Extracted Financial Data

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Fiscal Year Ending Dec. 2015

Extracted Financial Data

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Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$2.4M (2023)

Expenses

$1.69M (2023)

Total Assets

$11.8M (2023)

Total Liabilities

$1.91M (2023)

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2023

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