GREATER READING ECONOMIC PARTNERSHIP

EIN: 470863420 501(c)(3)

READING, PA

Total Revenue
$1,005,322
Total Expenses
$1,033,234
Total Assets
$1,088,657
Net Assets
$1,030,712
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
PA
Principal Officer
PAMELA SHUPP
Phone
6103766766
Tax Period
2018-01-01 to 2018-12-31

GREATER READING ECONOMIC PARTNERSHIP, founded in 2002, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

GREATER READING ECONOMIC PARTNERSHIP'S (GREP) MISSION IS TO LEAD REGIONAL EFFORTS TO ATTRACT, RETAIN, AND GROW BUSINESS AND TO MARKET BERKS COUNTY AS A COMPETITIVE AND ATTRACTIVE LOCATION FOR BUSINESS.

Program Service Accomplishments

Program 1
Expenses: $632,122 Revenue: $6,900

GREATER READING ECONOMIC PARTNERSHIP (GREP) PROGRAM SERVICE ACCOMPLISHMENTS IN 2018 INCLUDED: WORKING WITH DEVELOPERS THAT WILL CREATE OVER 650 ACRES AND ALMOST 7.5 MILLION SQUARE FEET OF NEW...

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GREATER READING ECONOMIC PARTNERSHIP (GREP) PROGRAM SERVICE ACCOMPLISHMENTS IN 2018 INCLUDED: WORKING WITH DEVELOPERS THAT WILL CREATE OVER 650 ACRES AND ALMOST 7.5 MILLION SQUARE FEET OF NEW INDUSTRIAL BUILDING DEVELOPMENT IN BERKS COUNTY IN NEXT 1 3 YEARS. WORKED WITH MORE THAN 110 BERKS COUNTY COMPANIES AND SMALL BUSINESSES TO MAKE THEM AWARE OF THE RESOURCES AVAILABLE TO HELP THEM GROW AND RETAIN JOBS IN BERKS COUNTY.THE IMPACT OF OUR MARKETING RESULTS IN OVER 750 JOBS BEING CREATED AND RETAINED IN BERKS COUNTY.PROVIDING DATA THROUGH GREATERREADINGSITES.COM FOR OVER 10 MILLION SF AND 850 ACRES AVAILABLE FOR COMMERCIAL AND INDUSTRIAL INVESTMENT. GREP SUCCESSFULLY POSITIONED BERKS COUNTY/GREATER READING AS A REGIONAL PARTNER WITH EASY ACCESS TO LARGE METRO MARKETS. GREATER READING IS PART OF THE LEHIGH VALLEY, PART OF SOUTHCENTRAL PA AND PART OF SOUTHEAST PA AND METRO PHILADELPHIA. AND OUR LOCATION IDENTITY HAS PAID OFF. AS A REGIONAL PARTNER WITH SOUTHEAST PA, WE LEVERAGED OVER $65,000 IN COMMONWEALTH FUNDS TO SUPPORT OUR LOCAL BUSINESS OUTREACH EFFORTS. MANAGED THE FOREIGN TRADE ZONE 147 FOR BERKS COUNTY; COORDINATED PROSPECT SITE VISITS WITH ECONOMIC DEVELOPMENT PARTNERS; IDENTIFIED KEY COMMON ISSUES OUR LOCAL COMPANIES ARE FACING TO DEVELOP STRATEGIES AND PROGRAMS TO SUPPORT THEM; PROVIDED MARKETING AND OUTREACH SUPPORT FOR THE DEVELOPMENT OF NEW INDUSTRIAL SITES AND BUILDINGS SO BERKS COUNTY WILL HAVE EXPANDED VISIBILITY FOR AVAILABLE LOCATION OPPORTUNITIES; PARTICIPATED WITH SEVERAL REGIONAL AND NATIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS INCLUDING; INDUSTRIAL ASSET MANAGEMENT COUNCIL, INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL, PENNSYLVANIA ECONOMIC DEVELOPMENT ASSOCIATION, SITE SELECTOR GUILD, AND THE WORLD TRADE CENTER OF HARRISBURG; AND MET ROUTINELY WITH LOCAL LEGISLATORS, STATE OFFICIALS, COMMUNITY, AND BUSINESS LEADERS TO PROVIDE UPDATES ABOUT ECONOMIC DEVELOPMENT IN BERKS COUNTY.GREP, AS THE LEAD MARKETING ORGANIZATION FOR BUSINESS ATTRACTION FOR BERKS COUNTY, CONTINUED AN AGGRESSIVE MARKETING AND PUBLIC RELATIONS CAMPAIGN THROUGHOUT 2018. SOME OF GREP'S MAJOR ACCOMPLISHMENTS INCLUDED: CREATED ORIGINAL CONTENT ON GREATERREADING.ORG AND DEPLOYED THROUGH VARIOUS DIGITAL PLATFORMS; DEVELOPED A MARKETING STRATEGY FOR TALENT ATTRACTION AND RETENTION FOR BERKS COUNTY; CREATED HIGH-QUALITY AND CUSTOMIZABLE COLLATERAL MATERIALS AND PROSPECT INFORMATION; ATTENDED 7 INDUSTRY TRADESHOWS AND CONFERENCES TO PROMOTE GREATER READING TO HIGHLY TARGETED AUDIENCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $953,054
Program Service Revenue $6,900
Investment Income $2,675
Other Revenue $42,693
TOTAL REVENUE $1,005,322

Expense Breakdown

Grants Paid $0
Salaries & Benefits $604,201
Fundraising Expenses $0
Program Expenses $632,122
Other Expenses $429,033
TOTAL EXPENSES $1,033,234

Year-over-Year Comparison

2018 2017 Change
Revenue $1,005,322 $818,531 +0.2%
Expenses $1,033,234 $756,322 +0.4%
Net Income $-27,912 $62,209 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
32
Independent Members
32
Employees
N/A
Volunteers
90

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$158,575
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE BUTTO DIRECTOR 1.00
Director
$0 $0 $0
DAVID BYRNE DIRECTOR 1.00
Director
$0 $0 $0
MARCELINO COLON DIRECTOR 1.00
Director
$0 $0 $0
TIM DIETRICH DIRECTOR 1.00
Director
$0 $0 $0
MIKE DUFF DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL FISCHETTI DIRECTOR 1.00
Director
$0 $0 $0
JOHN GALLEN DIRECTOR 1.00
Director
$0 $0 $0
ROGER HEASLEY DIRECTOR 1.00
Director
$0 $0 $0
MIKE MALINOWSKI DIRECTOR 1.00
Director
$0 $0 $0
JOHN MASSARO DIRECTOR 1.00
Director
$0 $0 $0
BARBARA PATTISON DIRECTOR 1.00
Director
$0 $0 $0
MICHELE RICHARDS DIRECTOR 1.00
Director
$0 $0 $0
PETER RYE DIRECTOR 1.00
Director
$0 $0 $0
ERIC SCHIPPERS DIRECTOR 1.00
Director
$0 $0 $0
BARRY SCHLOUCH DIRECTOR 1.00
Director
$0 $0 $0
ALAN SHUMAN DIRECTOR 1.00
Director
$0 $0 $0
LIZ STERNER DIRECTOR 1.00
Director
$0 $0 $0
BARRY WENTZEL DIRECTOR 1.00
Director
$0 $0 $0
STEVE WILLEMS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN LOONEY DIRECTOR 1.00
Director
$0 $0 $0
DAN AHERN DIRECTOR 1.00
Director
$0 $0 $0
TERRY MAENZA DIRECTOR 1.00
Director
$0 $0 $0
JACK HOY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KAUTTER DIRECTOR 1.00
Director
$0 $0 $0
PETE CONNORS DIRECTOR 1.00
Director
$0 $0 $0
BILL DEFALCO DIRECTOR 1.00
Director
$0 $0 $0
JERRY KAHL DIRECTOR 1.00
Director
$0 $0 $0
JOHN MORAHAN DIRECTOR 1.00
Director
$0 $0 $0
BILL GAGE DIRECTOR 1.00
Director
$0 $0 $0
DAVID LEINBACH DIRECTOR 1.00
Director
$0 $0 $0
JUDD MEINHART DIRECTOR 1.00
Director
$0 $0 $0
JOHN WEIDNHAMMER DIRECTOR 1.00
Director
$0 $0 $0
PAMELA SHUPP PRESIDENT 40.00
Officer
$0 $17,483 $158,575
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $1,005,322 $1,033,234 $1,088,657 $-27,912
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