Green Knight Economic Development Corp

PEN ARGYL, PA EIN: 23-3005840

Community Improvement & Capacity Building

Providing economic relief for poor & distressed local citizens

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$13.8M

+17.1% YoY

Annual Giving

$20K

+33.3% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$10K

-33.3% YoY

About Green Knight Economic Development Corp

Based on IRS filings

Green Knight Economic Development Corp is a nonprofit organization focused on Community Improvement & Capacity Building, based in PEN ARGYL, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.8M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $252K.

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $105K (100%)

States

Pennsylvania

Cities

Pen Argyl

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$13,823,863	$11,806,370	$11,085,506
Revenue	$3,419,582	$2,400,137	$3,668,403
Expenses	$1,347,758	$1,690,102	$1,180,726
Qualifying Distributions	—	—	—
Net Investment Income	$252,282	$166,116	$65,178
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Blue Mountain Community Library ($10,000), Families First of Pen Argyl ($10,000).

Recipient	Purpose	Amount
Blue Mountain Community Library Pen Argyl, PA	Community	$10,000
Families First of Pen Argyl Pen Argyl, PA	Community	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Robert E Cornman Jr	President	20	—
Peter R Albanese	Treasurer	20	—
Larry Feller	Secretary	20	—
John Goffredo	Vice President	15	—
James Policeli	Director	15	—
James Nico Goffredo	Director	15	—

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is Green Knight Economic Development Corp?

Green Knight Economic Development Corp is a nonprofit organization focused on Community Improvement & Capacity Building, based in PEN ARGYL, PA. It holds $13.8M in total assets as of 2024.

How large is Green Knight Economic Development Corp?

As of 2024, Green Knight Economic Development Corp holds $13.8M in total assets with $3.4M in annual revenue. It awarded 2 grants totaling $20K in 2024.

Where does Green Knight Economic Development Corp operate?

Green Knight Economic Development Corp has awarded grants in Pennsylvania.

What size grants does Green Knight Economic Development Corp award?

In 2024, Green Knight Economic Development Corp awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.

What is Green Knight Economic Development Corp's EIN?

Green Knight Economic Development Corp's EIN (Employer Identification Number) is 23-3005840. IRS Form 990 filing data is available on this page for 2020–2024.