South Eastern Economic Development Company of Pennsylvania
Foster the industrial and commercial growth of southeastern Pennsylvania by providing financing available through the U.S. small business administration loan programs to new, expanded and rehabilitated industrial and commercial projects.
South Eastern Economic Development Company of Pennsylvania at a glance
In short: South Eastern Economic Development Company of Pennsylvania gave $141K across 2 grants in 2025 (avg $71K), mostly in Pennsylvania. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $141,250
- +25.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $70,625
- +25.0% vs 2024
- Median grant
- $70,625
- Total assets
- $4,343,347
- +2.5% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who South Eastern Economic Development Company of Pennsylvania funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Chester County Economic Development Council ($131K). Together the top 2 received $141K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How South Eastern Economic Development Company of Pennsylvania gives
- Giving held roughly steady from 2022 to 2025 (+18%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $85K (2021) to $243K (2023). In 2025 it made 2 grants totaling $141K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chester County Economic Development Council Exton, PA | Economic Development in Chester County, PA | $131,250 |
| Lehigh Valley Economic Development Council Bethlehem, PA | Economic Development in Lehigh Valley, PA | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,343,347 | $2,087,434 | $1,749,656 | $141,250 | 2 | $332,692 |
| 2024 | $4,236,846 | $1,780,742 | $1,671,646 | $113,000 | 2 | $372,768 |
| 2023 | $4,280,310 | $1,638,016 | $1,655,399 | $242,500 | 2 | $25,092 |
| 2022 | $4,125,560 | $1,651,017 | $1,438,274 | $120,000 | 2 | $5,069 |
| 2021 | $3,531,785 | $1,614,452 | $1,386,940 | $85,000 | 2 | $7,057 |
| 2020 | $2,885,740 | $1,830,848 | $1,349,612 | $125,500 | 2 | $8,173 |
| 2019 | $2,316,988 | $1,320,527 | $1,329,769 | $95,000 | 2 | $7,266 |
About South Eastern Economic Development Company of Pennsylvania
Based on IRS filings
South Eastern Economic Development Company of Pennsylvania is a public charity focused on Community and economic development, based in Exton, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.3M in total assets. In 2025, it awarded 2 grants totaling $141K. Net investment income was $333K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
South Eastern Economic Development Company of Pennsylvania is led by Gary Smith, Executive Director on every filing since 2019; none of the 27 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gary Smith
Executive Director
On filings since 2019
5 hrs/week
No compensation reported
Bill Stedman
Chair
Treasurer → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Sherwood Robbins
Managing Director
On filings since 2019
40 hrs/week
No compensation reported
Richard Stiebritz Jr.
Director
Board Member → Director, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Jon Swearer
Director
Board Member → Director, 2023
On filings since 2021
0.5 hrs/week
No compensation reported
Terry Grier
Director
Board Member → Director, 2023
On filings since 2021
0.5 hrs/week
No compensation reported
Bill Bogle
Honorary Director
Director Emeritus → Honary Director, 2024
Honary Director → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Conrad M. Olie
Honorary Director
Honorary Director → Honary Director, 2024
Honary Director → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Edwin Brownley
Honorary Director
Honorary Director → Honary Director, 2024
Honary Director → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Jim Reading
Honorary Director
Honorary Director → Honary Director, 2024
Honary Director → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Louis B. Kupperman
Honorary Director
Honorary Director → Honary Director, 2024
Honary Director → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Nancy R. Corson
Honorary Director
Honorary Director → Honary Director, 2024
Honary Director → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Robert F. Fischer
Honorary Director
Honorary Director → Honary Director, 2024
Honary Director → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Roger Huggins
Honorary Director
Director Emeritus → Honorary Director, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Alyson Zarro
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Lisa Donnon
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Philip Earley
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Alixandra Obenski
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Ritchie Francia
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Tim Jefferis
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Craig S. Styer Esq.
Director Emeritus
Vice Chair → Chair, 2022
Chair → Director Emeritus, 2024
On filings since 2019
1 hr/week
No compensation reported
Marian D. Moskowitz
Director Emeritus
Vice Chairman → Chair, 2020
Chair → Director Emeritus, 2023
On filings since 2019
0.5 hrs/week
No compensation reported
Michael Grigalonis
COO & Assistant Director
On filings since 2019
8 hrs/week
No compensation reported
Michael Hankin
Vice Chair
Secretary → Treasurer, 2022
Treasurer → Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Jim Hammond
CFO
Vice President of Finance → CFO, 2025
On filings since 2022
8 hrs/week
No compensation reported
R. Lorraine Bernostsky
Treasurer
Secretary → Treasurer, 2025
On filings since 2022
1 hr/week
No compensation reported
Michael Bray
Secretary
On filings since 2024
0.5 hrs/week
No compensation reported
Former officers (17)
- Former: Betsy Niedziejko (2019–2024) — Director
- Former: Mark Cohen (2019–2024) — Director
- Former: Holly Graver (2021–2024) — Director
- Former: Lorraine R. Bernotsky (2024) — Treasurer
- Former: Edward J. Breiner (2019–2023) — Director Emeritus
- Former: Gary Varney (2019–2023) — Director
- Former: Geoff Sheehan (2019–2023) — Director
- Former: Greg Olson (2019–2023) — Director
- Former: Joseph Calabro (2019–2023) — Director
- Former: Michael Stephano (2019–2023) — Director
- Former: Greg Newell (2019–2022) — Board Member
- Former: John Buckheit (2019–2022) — CFO
- Former: Andrew Stump (2019–2020) — Board Member
- Former: Christine Helmig (2019–2020) — Board Member
- Former: Kristen Ladow (2019–2020) — Board Member
- Former: Michael Cappelletti (2019–2020) — Board Member
- Former: Richard Graver (2019–2020) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about South Eastern Economic Development Company of Pennsylvania
How much does South Eastern Economic Development Company of Pennsylvania give each year?
South Eastern Economic Development Company of Pennsylvania gave $141K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $113K across 2 grants.
How large is South Eastern Economic Development Company of Pennsylvania?
South Eastern Economic Development Company of Pennsylvania reported $4.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.1M.
What is South Eastern Economic Development Company of Pennsylvania?
South Eastern Economic Development Company of Pennsylvania is a public charity focused on Community and economic development, based in Exton, PA. It holds $4.3M in total assets as of 2025.
Where does South Eastern Economic Development Company of Pennsylvania operate?
South Eastern Economic Development Company of Pennsylvania has awarded grants in Pennsylvania.
What is South Eastern Economic Development Company of Pennsylvania's EIN?
South Eastern Economic Development Company of Pennsylvania's EIN (Employer Identification Number) is 22-2490679. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS January 22, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 27, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 17, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 17, 2026)
- IRS filings on file for fiscal years 2019–2025
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