Lehigh Valley Economic Development Corporation (Lvedc)
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.
Key facts about Lehigh Valley Economic Development Corporation (Lvedc)
In short: Lehigh Valley Economic Development Corporation (Lvedc) gave $27K across 1 grant in 2024 (avg $27K), mostly in Pennsylvania. Source: 2024 IRS Form 990.
- EIN
- 23-2798276
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $27,000
- Grants made (2024)
- 1
- Average grant
- $27,000
- Median grant
- $27,000
- Total assets
- $5,938,614
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$5.9M
-2.8% YoY
Annual Giving
$27K
-60.1% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$27K
+19.6% YoY
How Lehigh Valley Economic Development Corporation (Lvedc) gives
- Giving fell 99% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Lehigh Valley Economic Development Corporation (Lvedc)
Based on IRS filings
Lehigh Valley Economic Development Corporation (Lvedc) is a public charity focused on Community Improvement & Capacity Building, based in Bethlehem, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 1 grant totaling $27K. Net investment income was $124K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $20K (2019) to $2.5M (2021). In 2024 it made 1 grant totaling $27K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Lehigh Valley Economic Investment Corporation ($27K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 7 grants of 10 (70%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lehigh Valley Economic Investment Corporation Bethlehem, PA | Pa Dced Partnerships for Regional Performance Subgrant | $27,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,938,614 | $6,107,133 | $6,009,502 |
| Revenue | $3,337,616 | $3,329,962 | $3,199,006 |
| Expenses | $3,346,968 | $3,111,526 | $3,060,552 |
| Net Investment Income | $123,690 | $101,563 | $4,899 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 5, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS June 9, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 20, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Lehigh Valley Economic Development Corporation (Lvedc) is led by Donald T. Cunningham Jr., President & CEO on every filing since 2019; 5 of 39 officers listed in 2024 are compensated.
Officers on the 2024 filing
Donald T. Cunningham Jr.
President & CEO
On filings since 2019
40 hrs/week
$234K (2019) → $303K (2024)
Edward Dougherty
Chair
Vice Chair → Chair, 2021
On filings since 2020
1 hr/week
No compensation reported
Jaime M. Whalen
Executive Vice President & Chief of Staff
Vice President Administration → Vice President of Administrator, Investor. Rel. & Chf of Staff, 2020
Vice President of Administrator, Investor. Rel. & Chf of Staff → Executive Vice President & Chief of Staff, 2021
On filings since 2019
40 hrs/week
$110K (2019) → $156K (2024)
Karianne Gelinas
Vice President of Reg Ptps & Talent St
Vice President of Business Attraction & Talent Supply → Vice President of Reg Ptps & Talent Strategies, 2022
Vice President of Reg Ptps & Talent Strategies → Vice President of Reg Ptps & Talent St, 2023
On filings since 2020
40 hrs/week
$106K (2020) → $131K (2024)
Kristin Cahayla-Hoffman
Vice President of Bus Dvlpmt & Attract
Vice President of Bus Dvlpmt & Attraction → Vice President of Bus Dvlpmt & Attract, 2023
On filings since 2022
40 hrs/week
$102K (2022) → $129K (2024)
Nicole Mertz
Vice President Mktg, Committee & Research
On filings since 2023
40 hrs/week
$109K (2023) → $133K (2024)
Alex Michaels
Board Member
On filings since 2019
1 hr/week
No compensation reported
Chris Brown
Treasurer
Board Member → Treasurer, 2022
On filings since 2019
1 hr/week
No compensation reported
Dan McCarthy
Secretary
On filings since 2019
1 hr/week
No compensation reported
Honorable Lamont McClure
Board Member
On filings since 2019
1 hr/week
No compensation reported
Honorable Phillips Armstrong
Board Member
On filings since 2019
1 hr/week
No compensation reported
Honorable Sal Panto Jr.
Board Member
On filings since 2019
1 hr/week
No compensation reported
Michael Landsburg
Board Member
On filings since 2019
1 hr/week
No compensation reported
Neal Koplin
Board Member
Board Member → Vice Chair, 2021
Vice Chair → Board Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Paul Anthony
Board Member
On filings since 2019
1 hr/week
No compensation reported
R. Scott Unger
Board Member
On filings since 2019
1 hr/week
No compensation reported
Susan Larkin
Board Member
On filings since 2019
1 hr/week
No compensation reported
T. Anthony Iannelli
Board Member
On filings since 2019
1 hr/week
No compensation reported
Tina Q. Richardson
Board Member
On filings since 2019
1 hr/week
No compensation reported
Ann D. Bieber
Board Member
On filings since 2020
1 hr/week
No compensation reported
Honorable Dan Hartzell
Board Member
On filings since 2020
1 hr/week
No compensation reported
Loren Speziale
Board Member
On filings since 2020
1 hr/week
No compensation reported
Raymond Midlam
Board Member
On filings since 2021
1 hr/week
No compensation reported
Stephen Hoff
Vice Chair
Board Member → Vice Chair, 2023
On filings since 2021
1 hr/week
No compensation reported
Carolyn Stennett
Board Member
On filings since 2022
1 hr/week
No compensation reported
Gunnar Brunius
Board Member
On filings since 2022
1 hr/week
No compensation reported
Honorable J. William Reynolds
Board Member
On filings since 2022
1 hr/week
No compensation reported
Honorable Matt Tuerk
Board Member
On filings since 2022
1 hr/week
No compensation reported
Michele McGrath
Board Member
On filings since 2022
1 hr/week
No compensation reported
Shelly McWilliams
Board Member
On filings since 2022
1 hr/week
No compensation reported
Adam Galczynski
Board Member
On filings since 2023
1 hr/week
No compensation reported
Christine Martin
Board Member
On filings since 2023
1 hr/week
No compensation reported
James Greenfield
Board Member
On filings since 2023
1 hr/week
No compensation reported
Lisa Greenawalt
Board Member
On filings since 2023
1 hr/week
No compensation reported
Tom Ike
Board Member
On filings since 2023
1 hr/week
No compensation reported
Drew Lewis
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Lori Heffner Vargo
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Richard Reynolds
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Vickie Doule'
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (32)
- Former: Julien Sauvagnargues (2021–2023) — Board Member
- Former: Honorable Tara Zrinski (2023) — Board Member
- Former: Donald Bernhard (2019–2022) — Board Member
- Former: Kassie Hilgert (2019–2022) — Board Member
- Former: George Lewis (2020–2022) — Special Assistant to President & CEO
- Former: Honorable Kevin Lott (2020–2022) — Board Member
- Former: Richard G. Larson (2020–2022) — Board Member
- Former: Silvia A. Hoffman (2020–2022) — Board Member
- Former: Stephanie Raymond (2022) — Board Member
- Former: Anne Baum (2019–2021) — Board Member
- Former: Barry Wentzel (2019–2021) — Board Member
- Former: Gary Kinsey (2019–2021) — Board Member
- Former: Gregory Dudkin (2019–2021) — Board Member
- Former: Honorable Ray O'Connell (2019–2021) — Board Member
- Former: Honorable Robert Donchez (2019–2021) — Board Member
- Former: Luke R. Cunningham (2019–2021) — Board Member
- Former: Patricia Johnson (2019–2021) — Treasurer
- Former: Carol Kuplen (2019–2020) — Board Member
- Former: Cindy Feinberg (2019–2020) — Board Member
- Former: Eric Luftig (2019–2020) — Board Member
- Former: George Figueroa (2019–2020) — Board Member
- Former: Jane P. Long (2019–2020) — Chair
- Former: Matthew Tuerk (2019–2020) — Vice President of Bs. Attraction, Retention & Expansion
- Former: Jarrett Witt (2020) — Director Economic Dvlpmt Projects
- Former: Scott Unger (2020) — Board Member
- Former: Bryon Grigsby (2019) — Board Member
- Former: Ed Dougherty (2019) — Vice Chair
- Former: Honorable Marty Nothstein (2019) — Board Member
- Former: Honorable William B. McGee (2019) — Board Member
- Former: Mark Jobes (2019) — Board Member
- Former: Siliva A. Hoffman (2019) — Board Member
- Former: Stu Shaw (2019) — Board Member
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $303K, to Donald T Cunningham Jr (President/CEO). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Lehigh Valley Economic Development Corporation (Lvedc)
How much does Lehigh Valley Economic Development Corporation (Lvedc) give each year?
Lehigh Valley Economic Development Corporation (Lvedc) gave $27K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $68K across 3 grants.
How large is Lehigh Valley Economic Development Corporation (Lvedc)?
Lehigh Valley Economic Development Corporation (Lvedc) reported $5.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.3M.
What is Lehigh Valley Economic Development Corporation (Lvedc)?
Lehigh Valley Economic Development Corporation (Lvedc) is a public charity focused on Community Improvement & Capacity Building, based in Bethlehem, PA. It holds $5.9M in total assets as of 2024.
Where does Lehigh Valley Economic Development Corporation (Lvedc) operate?
Lehigh Valley Economic Development Corporation (Lvedc) has awarded grants in Pennsylvania.
What is Lehigh Valley Economic Development Corporation (Lvedc)'s EIN?
Lehigh Valley Economic Development Corporation (Lvedc)'s EIN (Employer Identification Number) is 23-2798276. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Lehigh Valley Economic Development Corporation (Lvedc) by hand.
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