Pennsylvania · Nonprofit
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL (Pennsylvania) receives grants from 2 organizations whose IRS filings report $24,000 to it, the largest being BRIDGEWAY CAPITAL INC ($20,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $6.4M
- Funders on record
- 2
- Grants received
- $24k
- Net assets
- $49M
What Fay-Penn Economic Development Council does
Mission
Fay-Penn Economic Development Council assists in growing and diversifying the economy in fayette county, pennsylvania. See page 1, part I, question 1 and schedule o.
As stated on its FY2024 Form 990.
Program
The corporation was formed in 1991 to assist in the economic revitalization efforts of fayette county, pennsylvania. The organization provides comprehensive, second-to-none, business development services which include low-interest financing through its revolving loan fund (rlf), business planning, technical assistance, training and counseling to facilitate new business development and entrepreneurialism. Fay-penn also promotes fayette county as a place to do business by providing site selection assistance through business park and multi-tenant facilities development strategy. Fay-penn owns, constructs, and operates numerous readily-available land and building sites throughout the county in an effort to attract tenants and create more jobs. To date, fay-penn has completed over 482 projects, created and/or retained over 11,801 jobs, resulting in $1.463 billion in new investment throughout the county and capital improvements of $4.7 million. Fay-penn has also financed 220 loans.
$3,371,163 spent$5,327,782 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,371,163.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $61M to $66M (+8%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 7% · 2020 4% · 2021 12% · 2022 16% · 2023 4% · 2024 10%. Grants only. Government contracts and fees sit inside program revenue.
11% of FAY-PENN ECONOMIC DEVELOPMENT COUNCIL’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2018 → 2022: the base held at 1 funder, grant income fell $20k → $4k.
Left out of every figure on this page: $5k from one payer (the payer shares this organization's board, largest Community Foundation of Fayette County Pa). These are real filings, and they are not money FAY-PENN ECONOMIC DEVELOPMENT COUNCIL raised.
From the IRS filings of FAY-PENN ECONOMIC DEVELOPMENT COUNCIL’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL leans on a few funders — its largest provides 83% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
83% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FAY-PENN ECONOMIC DEVELOPMENT COUNCIL.
Largest funder’s share by year: 2018 100% · 2022 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
83% of FAY-PENN ECONOMIC DEVELOPMENT COUNCIL's grant income comes from Pennsylvania funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FAY-PENN ECONOMIC DEVELOPMENT COUNCIL runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding FAY-PENN ECONOMIC DEVELOPMENT COUNCIL receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.3M on record.
- Environmental Protection Agency$1.2M
- Department of Agriculture$53k
- Appalachian Regional Commission$20k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like FAY-PENN ECONOMIC DEVELOPMENT COUNCIL
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Pennsylvania
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for FAY-PENN ECONOMIC DEVELOPMENT COUNCIL: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FAY-PENN ECONOMIC DEVELOPMENT COUNCIL?
- FAY-PENN ECONOMIC DEVELOPMENT COUNCIL (Pennsylvania) receives grants from 2 organizations whose IRS filings report $24,000 to it, the largest being BRIDGEWAY CAPITAL INC ($20,000). 0 of them have funded it in more than one year.
- How many funders does FAY-PENN ECONOMIC DEVELOPMENT COUNCIL have?
- IRS filings report 2 organizations giving $24,000 in grants to FAY-PENN ECONOMIC DEVELOPMENT COUNCIL.
- Who is the largest funder of FAY-PENN ECONOMIC DEVELOPMENT COUNCIL?
- BRIDGEWAY CAPITAL INC is the largest funder on record, with $20,000 in grants. The full list of funders is on this page.
- How can an organization like FAY-PENN ECONOMIC DEVELOPMENT COUNCIL find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Fay-Penn Economic Development Council →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing