LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION (LVEDC) Charity Report

Public IRS 990 nonprofit record

LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION (LVEDC)

EIN 23-2798276 · Economic Development (S30)

What they do

THE MISSION of THE LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION is to MARKET THE ECONOMIC ASSETS of THE LEHIGH VALLEY and to CREATE PARTNERSHIPS to SUPPORT THE RECRUITMENT, GROWTH, and RETENTION of EMPLOYERS and THE CREATION of JOBS for PEOPLE of ALL SKILL and EDUCATION LEVELS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.29%of revenue went to mission work76.1% of expenses · Program services

1.86%of revenue went to fundraising1.9% of expenses

$100.28spent for every $100 of revenueSpending was higher than revenue this year.

22.12%of revenue went to management and office costs22.1% of expenses

$1.77in assets for every $1 spent this yearSome assets cannot be spent right away.

86.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $9,352 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $339,432 for DONALD T CUNNINGHAM JR (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,337,616

Mission workProgram services$2,546,31376.29% of revenue76.1% of expenses

ManagementOffice and general costs$738,41022.12% of revenue22.1% of expenses

FundraisingAsking for donations$62,2451.86% of revenue1.9% of expenses

Total expenses$3,346,968100.28% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.1% mission · 22.1% management · 1.9% fundraisingTotal expenses: 100.28% of revenue

2023Expense mix: 77.0% mission · 21.2% management · 1.8% fundraisingTotal expenses: 93.44% of revenue

2022Expense mix: 78.1% mission · 20.1% management · 1.8% fundraisingTotal expenses: 95.67% of revenue

2021Expense mix: 89.8% mission · 9.5% management · 0.7% fundraisingTotal expenses: 82.80% of revenue

2020Expense mix: 87.2% mission · 12.1% management · 0.7% fundraisingTotal expenses: 97.98% of revenue

2019Expense mix: 79.1% mission · 20.0% management · 1.0% fundraisingTotal expenses: 96.82% of revenue

2018Expense mix: 80.0% mission · 18.8% management · 1.1% fundraisingTotal expenses: 97.81% of revenue

2017Expense mix: 82.3% mission · 16.8% management · 0.9% fundraisingTotal expenses: 103.84% of revenue

Money in and money out

Revenue$3,337,616

Expenses$3,346,968

Annual shortfall $9,352 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,546,313 · 76.1% of expenses

Management and office costs$738,410 · 22.1% of expenses

Fundraising$62,245 · 1.9% of expenses

See all reported dollar amounts

Revenue$3,337,616

Expenses$3,346,968

Assets$5,938,614

Income$3,337,616

Contributions$2,888,177

Mission work (program services)$2,546,313

Fundraising$62,245

Grants given$4,773,398

Average grant$190,936

Management and general$738,410

Executive compensation (total)$253,768

Accounting fees$18,979

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DONALD T CUNNINGHAM JRPRESIDENT/CEO · 40 hrs/week $339,432Base $303,117 · Other $36,315

JAIME M WHALENEXEC VP & CHIEF OF STAFF · 40 hrs/week $183,488Base $156,029 · Other $27,459

KARIANNE GELINASVP OF REG PTPS & TALENT ST · 40 hrs/week $156,938Base $130,682 · Other $26,256

KRISTIN CAHAYLA-HOFFMANVP OF BUS DVLPMT & ATTRACT · 40 hrs/week $155,379Base $129,347 · Other $26,032

NICOLE MERTZVP MKTG, COMM & RESEARCH · 40 hrs/week $151,895Base $132,675 · Other $19,220

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

DONALD T CUNNINGHAM JRPRESIDENT/CEO

JAIME M WHALENEXEC VP & CHIEF OF STAFF

KARIANNE GELINASVP OF REG PTPS & TALENT ST

KRISTIN CAHAYLA-HOFFMANVP OF BUS DVLPMT & ATTRACT

NICOLE MERTZVP MKTG, COMM & RESEARCH

R SCOTT UNGERBOARD MEMBER

LOREN SPEZIALEBOARD MEMBER

LORI HEFFNER VARGOBOARD MEMBER

MICHAEL LANDSBURGBOARD MEMBER

MICHELE MCGRATHBOARD MEMBER

NEAL KOPLINBOARD MEMBER

PAUL ANTHONYBOARD MEMBER

VICKIE DOULEBOARD MEMBER

RAYMOND MIDLAMBOARD MEMBER

REV JAMES GREENFIELDBOARD MEMBER

RICHARD REYNOLDSBOARD MEMBER

SHELLY MCWILLIAMSBOARD MEMBER

STEPHEN HOFFVICE CHAIR

SUSAN LARKINBOARD MEMBER

T ANTHONY IANNELLIBOARD MEMBER

TOM IKEBOARD MEMBER

ADAM GALCZYNSKIBOARD MEMBER

DREW LEWISBOARD MEMBER

ALEX MICHAELSBOARD MEMBER

CAROLYN STENNETTBOARD MEMBER

CHRIS BROWNTREASURER

CHRISTINE MARTINBOARD MEMBER

DAN MCCARTHYSECRETARY

DR ANN D BIEBERBOARD MEMBER

DR LISA GREENAWALTBOARD MEMBER

DR TINA Q RICHARDSONBOARD MEMBER

HONORABLE SAL PANTO JRBOARD MEMBER

EDWARD DOUGHERTYCHAIR

GUNNAR BRUNIUSBOARD MEMBER

HONORABLE DAN HARTZELLBOARD MEMBER

HONORABLE J WILLIAM REYNOLDSBOARD MEMBER

HONORABLE LAMONT MCCLUREBOARD MEMBER

HONORABLE MATT TUERKBOARD MEMBER

HONORABLE PHILLIPS ARMSTRONGBOARD MEMBER

About this charity

Recognized since: January 2001
Location: 520 N NEW STREET, BETHLEHEM, PA 18018-5795
County: Northampton
In care of: DONALD T CUNNINGHAM JR
Primary officer: DONALD T CUNNINGHAM JR, CEO - PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emaillvedc@lehighvalley.org Phone(610) 266-6775

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development
Grant-giving organization: Yes