Greater Erie Economic Development Corporation

Erie, PA
Tax-exempt since March 1976
EIN: 25-1269138

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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.

Donations to this organization are tax deductible.

Revenue

$1.43M (2023)

Expenses

$1.34M (2023)

Total Assets

$12M (2023)

Total Liabilities

$115k (2023)

Source: Form 990 tax filings from 2010 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

$1,429,360

Expenses

$1,341,776

Net Income

$87,584

Net Assets

$11,888,479

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$360,882	25.2%
Interest Revenue	$123,990	8.7%
Dividends	$133,166	9.3%
Sales of Assets	$486,574	34.0%
Other Income	$324,748	22.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,059,850	79.0%
Compensation of Officers*	$151,806	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,003,577
Total Liabilities	$115,098
Net Assets	$11,888,479

Compensation

Key Employees and Officers	Compensation	Other
Gerald L Blanks (President & Ceo)	$124,248	$0
Ronald Bryant (Chairman)	$18,000	$0
Vivian Mc Cullum (Cfo)	$16,500	$0
Evan Tucker (Secretary)	$13,500	$0
Ricardo S Giles (Vice Chair)	$11,500	$0
Adrienne M Dixon Mc Cullum (Board Member)	$3,000	$0
Corey Cook (Treasurer)	$875	$0

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990-PF

Filed on Nov. 21, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$639,025

Expenses

$2,601,587

Net Income

-$1,962,562

Net Assets

$11,800,895

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$152,605	23.9%
Interest Revenue	$0
Dividends	$219,788	34.4%
Sales of Assets	-$35,536
Other Income	$302,168	47.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,491,634	95.8%
Compensation of Officers*	$197,975	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,921,559
Total Liabilities	$120,664
Net Assets	$11,800,895

Compensation

Key Employees and Officers	Compensation	Other
Gerald L Blanks (President & Ceo)	$105,000	$2,850
Dianne M Presogna (Cfo)	$52,959	$1,289
Ronald Bryant (Chairman)	$18,000	$0
Melvin Witherspoon (Treasurer)	$17,500	$0
Vivian Mc Cullum (Vice Chair)	$15,500	$0
Evan Tucker (Secretary)	$13,500	$0
Ricardo S Giles (Board Member)	$11,500	$0
Adrienne M Dixon Mc Cullum (Board Member)	$11,500	$0
Paul Gambill (Board Member)	$2,625	$0

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990-PF

Filed on May 25, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$762,922

Expenses

$1,465,815

Net Income

-$702,893

Net Assets

$14,579,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,557	3.2%
Interest Revenue	$0
Dividends	$204,206	26.8%
Sales of Assets	$218,438	28.6%
Other Income	$315,721	41.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,239,446	84.6%
Compensation of Officers*	$99,051	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,753,213
Total Liabilities	$173,384
Net Assets	$14,579,829

Compensation

Key Employees and Officers	Compensation	Other
Gerald L Blanks (President & Ceo)	$55,505	$0
Melvin Witherspoon (Treasurer)	$10,000	$0
Carla Johnson (Ceo)	$9,378	$0
Ronald Bryant (Chairman)	$7,417	$0
Vivian Mc Cullum (Vice Chair)	$6,000	$0
Evan Tucker (Secretary)	$5,000	$0
Ricardo S Giles (Board Member)	$2,042	$0
Adrienne M Dixon Mc Cullum (Board Member)	$2,042	$0
Vernon D Dobbs (Vice President)	$1,667	$0
Larry Meredith (Board Member)	$0	$0

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990-PF

Filed on Sept. 19, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$473,242

Expenses

$1,025,123

Net Income

-$551,881

Net Assets

$14,950,758

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$196,987	41.6%
Sales of Assets	-$14,247
Other Income	$290,502	61.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$914,535	89.2%
Compensation of Officers*	$106,712	10.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,019,273
Total Liabilities	$68,515
Net Assets	$14,950,758

Compensation

Key Employees and Officers	Compensation	Other
Carla Johnson (Ceo)	$47,883	$0
Gerald L Blanks (President)	$10,167	$0
Vernon D Dobbs (Vice President)	$9,750	$0
Melvin Witherspoon (Secretary)	$9,750	$0
Barbara L Drew (Ceo)	$9,009	$0
Vivian Mc Cullum (Board Member)	$8,652	$0
Ronald Bryant (Treasurer)	$3,333	$0
Eva Tucker Jr (Treasurer)	$3,167	$0
Larry Meredith (Board Member)	$2,667	$0
Evan Tucker (Board Member)	$1,667	$0
Lori Pickens (Board Member)	$667	$0

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990-PF

Filed on Oct. 7, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$776,793

Expenses

$918,936

Net Income

-$142,143

Net Assets

$15,356,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$32,197	4.1%
Interest Revenue	$0
Dividends	$294,678	37.9%
Sales of Assets	$3,593	0.5%
Other Income	$446,325	57.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$822,534	89.5%
Compensation of Officers*	$119,561	13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,445,892
Total Liabilities	$89,390
Net Assets	$15,356,502

Compensation

Key Employees and Officers	Compensation	Other
Barbara L Drew (Ceo)	$68,061	$0
Eva Tucker Jr (Treasurer)	$9,500	$0
Carla Johnson (Vice Chair)	$8,500	$0
Gerald L Blanks (Board Member)	$8,500	$0
Vernon D Dobbs (Board Member)	$8,500	$0
Melvin Witherspoon (Board Member)	$8,500	$0
Acquanetta Osborne (Secretary)	$8,000	$0

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990-PF

Filed on Nov. 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,036,536

Expenses

$711,405

Net Income

$325,131

Net Assets

$14,864,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$27,470	2.7%
Interest Revenue	$0
Dividends	$264,570	25.5%
Sales of Assets	$296,585	28.6%
Other Income	$447,911	43.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$617,852	86.8%
Compensation of Officers*	$118,244	16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,929,293
Total Liabilities	$65,039
Net Assets	$14,864,254

Compensation

Key Employees and Officers	Compensation	Other
Barbara L Drew (Ceo)	$66,744	$0
Eva Tucker Jr (Treasurer)	$9,500	$0
Carla Johnson (Vice Chair)	$8,500	$0
Gerald L Blanks (Board Member)	$8,500	$0
Vernon D Dobbs (Board Member)	$8,500	$0
Melvin Witherspoon (Board Member)	$8,500	$0
Acquanetta Osborne (Secretary)	$8,000	$0

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990-PF

Filed on Nov. 8, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$746,121

Expenses

$731,806

Net Income

$14,315

Net Assets

$15,232,678

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$32,989	4.4%
Interest Revenue	$0
Dividends	$194,893	26.1%
Sales of Assets	$124,961	16.7%
Other Income	$393,278	52.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$445,370	60.9%
Compensation of Officers*	$54,000	7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,296,027
Total Liabilities	$63,349
Net Assets	$15,232,678

Compensation

Key Employees and Officers	Compensation	Other
Barbara L Drew (Chairperson)	$10,500	$0
Eva Tucker Jr (Treasurer)	$9,500	$0
Carla Johnson (Secretary)	$8,500	$0
Gerald L Blanks (Board Member)	$8,500	$0
Vernon D Dobbs (Board Member)	$8,500	$0
Melvin Witherspoon (Board Member)	$8,500	$0

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990-PF

Filed on Nov. 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$452,909

Expenses

$1,593,259

Net Income

-$1,140,350

Net Assets

$14,930,815

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$23,602	5.2%
Interest Revenue	$0
Dividends	$121,777	26.9%
Sales of Assets	-$75,081
Other Income	$382,611	84.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,077,174	67.6%
Compensation of Officers*	$105,202	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,092,698
Total Liabilities	$161,883
Net Assets	$14,930,815

Compensation

Key Employees and Officers	Compensation	Other
Ronald A Steele (Ceo)	$45,202	$0
Tessie Blanchard Jr (Board Member)	$10,000	$0
Barbara L Drew (Chairperson)	$9,000	$0
Eva Tucker Jr (Treasurer)	$9,000	$0
Carla Johnson (Secretary)	$8,000	$0
Gerald L Blanks (Board Member)	$8,000	$0
Vernon D Dobbs (Board Member)	$8,000	$0
Melvin Witherspoon (Board Member)	$8,000	$0

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990-PF

Filed on Nov. 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$573,322

Expenses

$891,407

Net Income

-$318,085

Net Assets

$15,810,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$22,000	3.8%
Interest Revenue	$0
Dividends	$141,946	24.8%
Sales of Assets	$24,629	4.3%
Other Income	$384,747	67.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$411,954	46.2%
Compensation of Officers*	$114,000	12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,968,741
Total Liabilities	$158,634
Net Assets	$15,810,107

Compensation

Key Employees and Officers	Compensation	Other
Ronald A Steele (Ceo)	$54,000	$0
Tessie Blanchard Jr (Board Member)	$10,000	$0
Barbara L Drew (Chairperson)	$9,000	$0
Eva Tucker Jr (Treasurer)	$9,000	$0
Carla Johnson (Secretary)	$8,000	$0
Gerald L Blanks (Board Member)	$8,000	$0
Vernon D Dobbs (Board Member)	$8,000	$0
Melvin Witherspoon (Board Member)	$8,000	$0

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990-PF

Filed on Nov. 11, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$583,349

Expenses

$972,079

Net Income

-$388,730

Net Assets

$16,300,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	3.4%
Interest Revenue	$0
Dividends	$106,359	18.2%
Sales of Assets	$70,000	12.0%
Other Income	$386,990	66.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$505,464	52.0%
Compensation of Officers*	$113,418	11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,461,788
Total Liabilities	$160,838
Net Assets	$16,300,950

Compensation

Key Employees and Officers	Compensation	Other
Ronald A Steele (Ceo)	$53,418	$0
Tessie Blanchard Jr (Board Member)	$10,000	$0
Barbara L Drew (Chairperson)	$9,000	$0
Eva Tucker Jr (Treasurer)	$9,000	$0
Carla Johnson (Secretary)	$8,000	$0
Gerald L Blanks (Board Member)	$8,000	$0
Vernon D Dobbs (Board Member)	$8,000	$0
Melvin Witherspoon (Board Member)	$8,000	$0

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990-PF

Filed on Nov. 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$512,284

Expenses

$1,660,124

Net Income

-$1,147,840

Net Assets

$16,723,069

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	3.9%
Interest Revenue	$0
Dividends	$92,889	18.1%
Sales of Assets	$712	0.1%
Other Income	$398,683	77.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$594,489	35.8%
Compensation of Officers*	$166,395	10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,896,786
Total Liabilities	$173,717
Net Assets	$16,723,069

Compensation

Key Employees and Officers	Compensation	Other
Ronald A Steele (Ceo)	$65,395	$0
Barbara L Drew (Board Member)	$17,200	$0
Carla Johnson (Secretary)	$16,200	$0
Gerald L Blanks (Board Member)	$16,200	$0
Vernon D Dobbs (Vice Chairman)	$16,200	$0
Melvin Witherspoon (Board Member)	$16,200	$0
Tessie Blanchard Jr (Chairman)	$10,000	$0
Eva Tucker Jr (Treasurer)	$9,000	$0

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990-PF

Filed on Nov. 17, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$7,597,823

Expenses

$809,408

Net Income

$6,788,415

Net Assets

$17,665,361

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	0.3%
Interest Revenue	$0
Dividends	$324,316	4.3%
Sales of Assets	$6,845,824	90.1%
Other Income	$407,683	5.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$459,931	56.8%
Compensation of Officers*	$111,519	13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,895,311
Total Liabilities	$229,950
Net Assets	$17,665,361

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,039,353

Expenses

$658,278

Net Income

$381,075

Net Assets

$10,885,447

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$22,000	2.1%
Interest Revenue	$0
Dividends	$585,398	56.3%
Sales of Assets	$21,541	2.1%
Other Income	$410,414	39.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$419,933	63.8%
Compensation of Officers*	$100,177	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,996,650
Total Liabilities	$111,203
Net Assets	$10,885,447

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$1,099,103

Expenses

$697,472

Net Income

$401,631

Net Assets

$10,542,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,500	1.9%
Interest Revenue	$0
Dividends	$638,520	58.1%
Sales of Assets	$39,143	3.6%
Other Income	$400,940	36.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$454,906	65.2%
Compensation of Officers*	$98,883	14.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,664,120
Total Liabilities	$121,492
Net Assets	$10,542,628

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Greater Erie Economic Development Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.43M (2023)

Expenses $1.34M (2023)

Total Assets $12M (2023)

Total Liabilities $115k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.43M (2023)

Expenses

$1.34M (2023)

Total Assets

$12M (2023)

Total Liabilities

$115k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2001