TY 2018 Form 990

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

PENNSYLVANIA ECONOMY LEAGUE INC

Employer identification number

23-1352264

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2018

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv), 170(b)(1)(A)(vi), and 170(b)(1)(A)(ix)
(Complete only if you checked the box on line 5, 7, 8, or 9 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2014	(b) 2015	(c) 2016	(d) 2017	(e) 2018	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	2,155,193	2,330,041	2,356,027	2,104,850	1,470,594	10,416,705
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	2,155,193	2,330,041	2,356,027	2,104,850	1,470,594	10,416,705
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.						10,416,705

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2014	(b) 2015	(c) 2016	(d) 2017	(e) 2018	(f) Total
7	Amounts from line 4..	2,155,193	2,330,041	2,356,027	2,104,850	1,470,594	10,416,705
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	2,378	2,251	2,813	3,411	4,068	14,921
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10						10,431,626

Gross receipts from related activities, etc. (see instructions) ..................

9,596,362

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2018 (line 6, column (f) divided by line 11, column (f)) .........

99.860 %

Public support percentage for 2017 Schedule A, Part II, line 14 ...............

99.880 %

16a

33 1/3% support test—2018. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2017. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2017. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2018

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2014	(b) 2015	(c) 2016	(d) 2017	(e) 2018	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2014	(b) 2015	(c) 2016	(d) 2017	(e) 2018	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2018 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2017 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2018 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2017 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2018. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2017. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2018

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2018

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2018

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2018

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2018 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2018	(iii) Distributable Amount for 2018
1 Distributable amount for 2018 from Section C, line 6
2 Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2018:
a From 2013.......
b From 2014.......
c From 2015.......
d From 2016.......
e From 2017.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2018 distributable amount
i Carryover from 2013 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2018 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2018 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2019. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2014......
b Excess from 2015.....
c Excess from 2016.....
d Excess from 2017.....
e Excess from 2018.....

Schedule A (Form 990 or 990-EZ) (2018)

Schedule A (Form 990 or 990-EZ) 2018

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990 or 990-EZ) 2018

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Name of the organization

PENNSYLVANIA ECONOMY LEAGUE INC

Employer identification number

23-1352264

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)

Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2

Name of organization PENNSYLVANIA ECONOMY LEAGUE INC

Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Page 3

Name of organization PENNSYLVANIA ECONOMY LEAGUE INC		Employer identification number 23-1352264

Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Page 4


Name of organization PENNSYLVANIA ECONOMY LEAGUE INC			Employer identification number 23-1352264
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

PENNSYLVANIA ECONOMY LEAGUE INC

Employer identification number

23-1352264

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV (see instructions for definition of “political campaign activities")

Political campaign activity expenditures (see instructions) .................................................................... SchCMd Bullet

Volunteer hours for political campaign activities (see instructions) ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2018

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(a) Filing organization's totals	(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ...............................	655
c	Total lobbying expenditures (add lines 1a and 1b) ...................................................................	655
d	Other exempt purpose expenditures ........................................................................	3,746,263
e	Total exempt purpose expenditures (add lines 1c and 1d) ...............................................	3,746,918
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.	337,346
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................	84,337
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................	0
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................	0
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................		Yes No

4-Year Averaging Period Under section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) Total

2a	Lobbying nontaxable amount	356,069	358,558	356,495	337,346	1,408,468

b	Lobbying ceiling amount (150% of line 2a, column(e))					2,112,702

c	Total lobbying expenditures	2,594	832	26,250	655	30,331

d	Grassroots nontaxable amount	89,017	89,640	89,124	84,337	352,118

e	Grassroots ceiling amount (150% of line 2d, column (e))					528,177

f	Grassroots lobbying expenditures

Schedule C (Form 990 or 990-EZ) 2018

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures (see instructions) .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation

Schedule C (Form 990 or 990EZ) 2018

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public Inspection

Name of the organization

PENNSYLVANIA ECONOMY LEAGUE INC

Employer identification number

23-1352264

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2018

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	(c)Two years back	(d)Three years back	(e)Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations .................

3a(i)

(ii) related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....	370,778	334,731	36,047
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				36,047

Schedule D (Form 990) 2018

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
PENSION OBLIGATION	2,377,071
RELATED PARTY PAYABLES	2,160
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	2,379,231
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2018

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	3,649,326
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b	72,450
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	72,450
3	Subtract line 2e from line 1..................			3	3,576,876
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	3,576,876

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	3,540,258
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	72,450
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	-279,110
e	Add lines 2a through 2d....................			2e	-206,660
3	Subtract line 2e from line 1...................			3	3,746,918
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	3,746,918

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference

Explanation

PART X, LINE 2:

THE CORPORATION FOLLOWS THE PROVISION OF THE ACCOUNTING STANDARDS CODIFICATION ("CODIFICATION") RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE CORPORATION'S COMBINED STATEMENTS OF FINANCIAL POSITION AT DECEMBER 31, 2018 AND 2017 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE CORPORATION HAS NO UNRECOGNIZED TAX BENEFITS. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2015.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

CHANGE IN PENSION OBLIGATION -279,110.

Schedule D (Form 990) 2018

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

PENNSYLVANIA ECONOMY LEAGUE INC

Employer identification number

23-1352264

Return Reference	Explanation
FORM 990, PART III, LINE 4C	WE ENCOURAGE AND PARTICIPATE IN CROSS-SECTOR AND INCLUSIVE PARTNERSHIPS TO ACHIEVE THE REGION'S SUSTAINABLE DEVELOPMENT GOALS. INFRASTRUCTURE - COLLABORATING WITH PARTNERS ACROSS THE PITTSBURGH REGION, THE ALLEGHENY CONFERENCE WAS KEY IN ORGANIZING THE RAIL VOLUTION CONFERENCE IN PITTSBURGH THIS PAST OCTOBER. A NATIONAL CONFERENCE THAT ASSEMBLES TRANSPORTATION INFRASTRUCTURE THOUGHT LEADERS TO SHARE IDEAS, RAIL~VOLUTION OFFERED THE PITTSBURGH REGION A PLATFORM TO HONE STRATEGIES AND INFLUENCE POLICIES IN THE PUBLIC TRANSPORTATION, TRANSIT-ORIENTED DEVELOPMENT, PLACEMAKING AND COMMUNITY DEVELOPMENT FIELDS. BUSINESS COMPETITIVENESS - IN 2018, WE SUCCESSFULLY ADVOCATED FOR A LEGISLATIVE FIX TO THE PENNSYLVANIA DEPARTMENT OF REVENUE'S BULLETIN THAT MADE PENNSYLVANIA'S BUSINESS ENVIRONMENT LESS COMPETITIVE. SPECIFICALLY REGARDING THE "BONUS DEPRECIATION" TAX ISSUE, WE WORKED WITH PARTNERS ACROSS THE COMMONWEALTH TO CHANGE A POLICY AND ALLOW PENNSYLVANIA BUSINESSES TO DEDUCT DEPRECIATION OF A PURCHASED ASSET BEFORE IT IS SOLD OR DISPOSED. WORKFORCE & EDUCATION THE ALLEGHENY CONFERENCE'S WORKFORCE STRATEGY IS FOCUSED ON THREE AREAS: TALENT ATTRACTION AND RETENTION; BUILDING HR CAPACITY; AND K-12 BUSINESS ENGAGEMENT. - IN OUR EFFORTS TO RETAIN AND ATTRACT TALENT, WE PARTNERED WITH THRIVAL TO CAPITALIZE ON THE TECH TALENT AUDIENCE IN TOWN FOR THE INNOVATION CONFERENCE; WE PROVIDED PRESIDENTS FROM 18 REGIONAL COLLEGES AND UNIVERSITIES WITH MESSAGES ABOUT THE REGION AND A CALL TO STUDENTS TO STAY UPON GRADUATION; WE PROVIDED CAREER SERVICES OFFICES WITH INFORMATION HIGHLIGHTING OFF-CAMPUS AMENITIES IN THE REGION; AND WE BEGAN DEVELOPMENT OF A REGIONAL TALENT ATTRACTION TOOLKIT FOR HR RECRUITERS. - TO BUILD HR CAPACITY, EFFORTS ZEROED IN ON FULLY LEVERAGING OUR INFLECTION POINT DATA THAT SHOWED GAPS IN OUR COMMUNITY'S CAPACITY TO ADDRESS SOME OF THE CHALLENGES IDENTIFIED IN OUR REPORT - NAMELY HOW TO STOP THE OUTFLOW OF COLLEGE STUDENTS AND OUR SIGNIFICANT WORKER SHORTAGE. - LASTLY, OUR K-12 BUSINESS ENGAGEMENT WORK BEGAN MAPPING EXISTING BUSINESS INVESTMENTS IN STEM, PROJECT-BASED LEARNING IN OVER 100 SCHOOL DISTRICTS IN THE REGION TO DETERMINE FUNDING OVERLAP, GAPS, AND OPPORTUNITIES FOR COLLABORATIVE EFFORTS. WE ALSO SET THE TABLE TO HOLD A "CEO DAY" IN SCHOOLS IN WHICH WE BELIEVE WILL INFORM OUR WORK IN THIS SPACE FOR THE NEXT 12-18 MONTHS. ON THE POLICY FRONT, WE MADE A SIGNIFICANT STEP TO ENHANCE THE PREPARATION OF THE WORKFORCE OF THE FUTURE, THROUGH THE REAUTHORIZATION OF THE FEDERAL CARL D. PERKINS CAREER AND TECHNICAL EDUCATION ACT, NOW KNOWN AS THE STRENGTHENING CAREER AND TECHNICAL EDUCATION FOR THE 21ST CENTURY ACT. THE REAUTHORIZATION OF THIS LEGISLATION WILL HELP TRAIN THE CURRENT AND FUTURE WORKFORCE IN DEMAND THROUGHOUT THE PITTSBURGH REGION. MEASURING THE REGION IN 2018, THE ALLEGHENY CONFERENCE DEVELOPED A SET OF METRICS TO ANSWER A CALL TO RELIABLY TRACK AND REGULARLY COMMUNICATE ABOUT OUR REGION AND OUR PROGRESS IN CREATING A NEXT GENERATION ECONOMY FOR ALL. WE WILL BENCHMARK THE REGION ACCORDING TO FIVE MEASURES: GROWTH, OPPORTUNITY, EQUITY, INNOVATION AND SUSTAINABILITY. WE LAUNCHED THREE OF THE FIVE MEASURES IN 2018 (GROWTH, OPPORTUNITY AND EQUITY) AND AIM TO RELEASE THE REMAINING TWO (INNOVATION AND SUSTAINABILITY) IN 2019. GROWTH - HOW ARE OUR ECONOMIC DEVELOPMENT EFFORTS TRANSLATING INTO ECONOMIC PROGRESS? FOCUSES ON THE CHANGE IN THE SIZE OF THE PITTSBURGH REGION'S ECONOMY. WE ARE DOING POORLY. OVER THE LAST FIVE YEARS, JOBS HAVE GROWN LESS THAN 2%. GDP HAS GROWN BY ONLY 11%. WE PLACE 13TH OUT OF 17 BENCHMARKS. OUR OVERALL GROWTH INDEX IS MORE THAN 3 TIMES LOWER THAN THAT OF AUSTIN OR NASHVILLE, BUT SIMILAR TO PHILADELPHIA AND CLEVELAND. OPPORTUNITY- HOW IS THE STANDARD OF LIVING CHANGING IN OUR REGION? FOCUSES ON THE CHANGE IN THE AVERAGE WEALTH AND THE INCOME PRODUCED BY THE REGION'S ECONOMY. ON THIS MEASURE, WE FARE PRETTY WELL. WE ARE ABOVE THE NATIONAL AVERAGE. OUR REGION RANKS 4TH OF 17 BENCHMARKS. OVER THE LAST 5 YEARS, OUR PER CAPITA GDP GREW 12.3%. AVERAGE WAGES GREW 9.4%. OUR OPPORTUNITY INDEX IS 54%, WHICH IS ABOVE THE NATIONAL AVERAGE BUT ALSO ONLY 63% OF THE OPPORTUNITY INDEX OF AUSTIN. WHILE WE REMAIN A FAIRLY LOW WAGE REGION, THE FIVE-YEAR-WAGE GROWTH TRANSLATED INTO A HIGHER OPPORTUNITY RANKING. OVERALL, THE LITTLE GAINS WE EXPERIENCE IN OUR ECONOMY ARE DISTRIBUTED FAIRLY EVENLY ACROSS DIFFERENT POPULATIONS. EQUITY - HOW IS THE ECONOMIC SITUATION IN OUR REGION CHANGING FOR RACIAL MINORITY RESIDENTS IN OUR REGION? FOCUSES ON EQUITY OF DISTRIBUTION OF THE BENEFITS OF GROWTH AND OPPORTUNITY AMONG THE REGION'S RESIDENTS. WE ARE IN THE MIDDLE OF THE PACK. THE REGION RANKS 8TH OF 17 BENCHMARKS. WE SAW AN 8% MINORITY WAGE GROWTH; A 14% MINORITY LABOR PARTICIPATION GROWTH; AND A 12% DECLINE IN MINORITY POVERTY. WE ARE JUST SLIGHTLY ABOVE THE NATIONAL AVERAGE AND SIMILAR TO INDIANAPOLIS. THE REGION'S EQUITY RANKING IS 54% BELOW THE EQUITY INDEX OF SEATTLE AND 37% BELOW THE EQUITY INDEX OF DENVER.
FORM 990, PART VI, SECTION A, LINE 4	IN JULY 2018, THE BOARD VOTED TO CHANGE THE NUMBER OF DIRECTORS FROM FIVE TO THREE DIRECTORS PER DIVISION.
FORM 990, PART VI, SECTION A, LINE 7A	THE PEL, INC. BOARD OF DIRECTORS IS COMPRISED OF DIRECTORS APPOINTED BY THE THREE DIVISIONS' BOARDS OF DIRECTORS (I.E., THREE DISREGARDED ENTITIES). EACH DIVISION HAS THE RIGHT TO ELECT THREE (3) DIRECTORS TO SERVE ON PEL, INC.'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	A FINAL COPY OF THE FORM 990 WILL BE MADE AVAILABLE TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS. ALTHOUGH NOT REQUIRED, THE BOARD HAS THE OPPORTUNITY TO REVIEW AND/OR COMMENT ON THE FORM 990 BEFORE OR AFTER IT IS FILED AS PART OF ITS BOARD ACTIVITIES.
FORM 990, PART VI, SECTION B, LINE 12C	(PELGP) ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE (O,D,KE) OF THE ORGANIZATION MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND AFFIRM THAT HE/SHE HAS READ, UNDERSTOOD AND HAS COMPLIED WITH THE POLICY. HE/SHE ALSO AFFIRMS THAT THE FORM HAS BEEN COMPLETED TO THE BEST OF HIS/HER KNOWLEDGE. ALL RESPONSES TO THE DISCLOSURE STATEMENT ARE SUMMARIZED BY THE ACCOUNTING DEPARTMENT, IDENTIFYING TRANSACTIONS BETWEEN THE O,D,KE AND THE ORGANIZATIONS' VENDORS, THE O,D,KE AND THE ORGANIZATIONS AND ITS AFFILIATES, A SUMMARY OF EACH O,D,KE'S POSITIONS ON OTHER BOARDS AND A SUMMARY OF KEY RESPONSES TO THE QUESTIONNAIRE. THE CHIEF EXECUTIVE OFFICER OR HIS/HER DESIGNEE IS RESPONSIBLE FOR REVIEWING THE SUMMARY OF DISCLOSURE STATEMENTS SO THAT HE/SHE IS FAMILIAR WITH AND CAN REPORT POTENTIAL CONFLICTS TO THE BOARD. THE FOLLOWING APPLIES TO ALL LLC'S: IN ADDITION, EACH INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST OR OTHER INTEREST (AND ALL MATERIAL FACTS REGARDING SUCH INTEREST) AT THE TIME THE BOARD IS CONSIDERAING A TRANSACTION THAT MAY INVOLVE A CONFLICT OR THE APPEARANCE OF A CONFLICT. IF DETERMINED A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MUST RECUSE HIMSELF OR HERSELF FROM VOTING. THE BOARD WILL THEN CONSIDER OBTAINING COMPARABLE INFORMATION WITH RESPECT TO THE TRANSACTION OR ARRANGEMENT PRIOR TO VOTING. IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT WILL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBERS RESPONSE AND MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE BOARD WILL DISCLOSE THE ACTION TAKEN.
FORM 990, PART VI, SECTION B, LINE 15A	COMPENSATION PROCESS FOR TOP OFFICIAL: EXECUTIVE DIRECTOR SALARY IS DETERMINED BY A COMPENSATION COMMITTEE OF THE ELGP MANAGEMENT COMMITTEE, MADE UP OF THE BOARD CHAIR, VICE CHAIR, AND CHAIRS OF ALL STANDING COMMITTEES. THE COMMITTEE DOES AN ANNUAL PERFORMANCE REVIEW AND RECOMMENDS SALARY AND OR PERFORMANCE BONUSES BASED ON REVIEW AND MEETING PLANNED GOALS AND OBJECTIVES. THE COMMITTEE HAS CONDUCTED PEER ORGANIZATION ANALYSIS TO ENSURE SALARIES ARE WITHIN RANGE. OTHER PROFESSIONAL STAFF SALARIES ARE AT THE DISCRETION OF THE EXECUTIVE DIRECTOR, IN CONSULTATION WITH THE BOARD MANAGEMENT COMMITTEE AND AUDIT AND FINANCE COMMITTEE. PART VI, SECTION B, LINE 15B: COMPENSATION PROCESS FOR OTHER OFFICERS OR KEY EMPLOYEES: NO OTHER OFFICERS OR KEY EMPLOYEES WERE COMPENSATED.
FORM 990, PART VI, SECTION C, LINE 19	THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS MADE AVAILABLE THROUGH THE ORGANIZATION TO THE GENERAL PUBLIC UPON REQUEST. IT IS PREFERRED THAT THE REQUESTOR NOTIFIES THE ORGANIZATION IN WRITING. IF REQUESTOR AGREES TO REIMBURSE FOR COPY CHARGES, A HARD COPY OF THE PUBLIC DISCLOSURE COPY WILL BE PROVIDED AND MAILED. THE ORGANIZATION ALSO MAKES ITS PUBLIC DISCLOSURE COPY AVAILABLE FOR INSPECTION AT ITS OFFICE LOCATIONS AT NO CHARGE. THE CONFLICT OF INTEREST POLICY AND FINANICAL STATEMENTS ARE NOT MADE READILY AVAILABLE TO THE PUBLIC (VIA THE ORGANIZATIONS WEBSITE), BUT REQUESTS FOR THIS INFORMATION WOULD BE HANDLED ON A CASE BY CASE BASIS.
FORM 990, PART IX, LINE 11G	OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 445,977. MANAGEMENT AND GENERAL EXPENSES 15,970. FUNDRAISING EXPENSES 38. TOTAL EXPENSES 461,985.
FORM 990, PART XI, LINE 9:	CHANGE IN PENSION OBLIGATION 279,110.
FORM 990, PART XII, LINE 2C:	COMMITTEE OVERSIGHT: THERE WERE NO CHANGES FROM THE PRIOR YEAR.
PAGE 1, BOX J:	ADDITIONAL WEBSITES OF THE ORGANIZATION: WWW.PELCENTRAL.ORG AND WWW.PELGP.ORG.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2018

Open to Public Inspection

Name of the organization

PENNSYLVANIA ECONOMY LEAGUE INC

Employer identification number

23-1352264

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) PENNSYLVANIA ECONOMY LEAGUE OF CENTRAL PENNSYLVANIA LLC 88 N FRANKLIN STREET SUITE 200 WILKESBARRE,PA18701 23-1352264	RESEARCH	PA	1,179,283	726,847	PENNSYLVANIA ECONOMY LEAGUE INC
(2) PENNSYLVANIA ECONOMY LEAGUE SOUTHEASTERN PA LLC 1800 JOHN F KENNEDY BLVD SUITE 460 PHILADELPHIA,PA19103 23-1352264	RESEARCH	PA	1,182,778	664,219	PENNSYLVANIA ECONOMY LEAGUE INC
(3) PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH 11 STANWIX STREET 17TH FLOOR PITTSBURGH,PA15222 23-1352264	RESEARCH	PA	1,226,278	590,829	PENNSYLVANIA ECONOMY LEAGUE INC

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2018

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	Yes	No

Schedule R (Form 990) 2018

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved

Schedule R (Form 990) 2018

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2018

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2018

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	2,104,850	1,470,594
9	Program service revenue (Part VIII, line 2g) .........	1,553,877	2,102,214
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	3,411	4,068
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	3,662,138	3,576,876
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,379,723	1,525,304
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 205,205
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	2,750,181	2,221,614
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	4,129,904	3,746,918
19	Revenue less expenses. Subtract line 18 from line 12.......	-467,766	-170,042
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	2,377,732	2,153,887
21	Total liabilities (Part X, line 26).............	3,240,845	2,907,932
22	Net assets or fund balances. Subtract line 21 from line 20.....	-863,113	-754,045

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 934,661 including grants of $ ) (Revenue $ 1,158,219 )
	THE CONTINUING ISSUE OF LOCAL GOVERNMENT FINANCIAL DISTRESS REMAINS THE CENTER OF THE CENTRAL PA LLC RESEARCH, CIVIC LEADERSHIP EDUCATION ACTIVITIES, AND PROJECT AGENDAS DURING 2018. ASSISTING LOCAL GOVERNMENTS UNDER COMMONWEALTH SPONSORED PROGRAMS TO IMPACT LOCAL GOVERNMENT DISTRESS AND THE IMPACT OF CHANGES IN STATE LEGISLATION WERE THE PRIMARY FOCUS OF CENTRAL'S RESEARCH AND PROGRAMMATIC ACTIVITY. ISSUES COVERED BY REGIONAL ISSUES FORUM EVENTS AND MEMBERSHIP INFORMATIONAL MEETINGS INCLUDED PROBLEMS WITH STATE FUNDING OF SCHOOL DISTRICTS, PUBLIC DEBATE REGARDING MINIMUM WAGE LEGISLATION, FEDERAL OPPORTUNITY ZONE REGULATIONS AND POTENTIAL FOR DEVELOPMENT ON A LOCAL LEVEL, STATE AND LOCAL PENSION REFORM, LOCAL GOVERNMENT BUDGET SHORTFALLS AND MUNICIPAL FINANCIAL DISTRESS WERE. MUNICIPAL FISCAL DISTRESS WAS ADDRESSED THROUGH OUR CONTINUING WORK AS COORDINATORS UNDER CONTRACTS WITH THE COMMONWEALTH FOR SIX ACT 47 FINANCIALLY DISTRESSED COMMUNITIES. IN ADDITION, PEL CENTRAL PREPARED FINANCIAL PLANNING FOR SEVERAL MUNICIPALITIES WITH FUNDING PROVIDED BY THE COMMONWEALTH WITH LOCAL MATCHING FUNDING.PEL CENTRAL'S MAJOR RESEARCH PROJECT FOR 2018 CONTINUED CIVIC LEADERSHIP EDUCATION USING THE "COMMUNITIES IN CRISIS: THE TRUTH AND CONSEQUENCES OF MUNICIPAL FISCAL DISTRESS IN PENNSYLVANIA, 1970 - 2014" REPORT THAT EXPLORED THE COMMONWEALTH'S BROKEN LOCAL GOVERNMENT SYSTEM IN THE FULL 250-PLUS PAGE REPORT, FUNDED BY A STATEWIDE COALITION OF NINE COMMUNITY FOUNDATIONS AND RELEASED IN THE SUMMER OF 2017. DURING 2018, PEL CENTRAL ALSO PROVIDED A RESEARCH BRIEF TO THE COMMONWEALTH REGARDING THE IMPLEMENTATION AND EFFECTIVENESS OF THE 1984 LEGISLATION THAT SET THE STANDARDS FOR COMMUNITY DEVELOPMENT FUNDING IN PENNSYLVANIA. THE REPORT OUTLINED HOW THE 1984 STANDARDS EFFECTIVENESS IN 2018 AND THE POTENTIAL FOR LEGISLATIVE CHANGES TO THE ACT TO BRING FUNDING MORE IN LINE WITH CURRENT NEEDS. THE CENTRAL DIVISION ALSO CONTINUED ITS MEMBERSHIP AND PUBLIC EDUCATION COMPONENT BY SCHEDULING MORE THAN 30 SEPARATE EVENTS TO EDUCATE PEL MEMBERS AND THE GENERAL PUBLIC REGARDING THE IMPORTANT ISSUES WITHIN THE PEL COMMITTEE REGIONS AND THE COMMONWEALTH AS A WHOLE.

4b	(Code: ) (Expenses $ 907,592 including grants of $ ) (Revenue $ 825,415 )
	PEL, SOUTHEASTERN PA, LLC, DBA ECONOMY LEAGUE OF GREATER PHILADELPHIA (ECONOMY LEAGUE OR ELGP):THE ECONOMY LEAGUE OF GREATER PHILADELPHIA IS THE REGION'S INDEPENDENT, NONPARTISAN "THINK-AND-DO" TANK. ELGP ADDRESSES CRITICAL ISSUES FACING GREATER PHILADELPHIA BY PROVIDING IMPACTFUL RESEARCH, CONNECTING DIVERSE LEADERS, AND ADVANCING SHARED SOLUTIONS. ELGP ENVISIONS A THRIVING GREATER PHILADELPHIA REGION POWERED BY INFORMED AND COLLABORATIVE LEADERSHIP.THE ECONOMY LEAGUE'S 2018 STRATEGIC PLAN FOCUSED THE ORGANIZATION ON 3 CORE INITIATIVES: BUILDING "CIVIC MUSCLE" VIA ITS ANNUAL LEADERSHIP SUMMIT CALLED THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX) AND RELATED GPLEX LABS INITIATIVE; HELPING TO DRIVE THE GROWTH OF LOCAL DIVERSE BUSINESSES AND JOBS BY LEVERAGING THE INSTITUTIONAL PURCHASING POWER OF PHILADELPHIA'S ROBUST EDS-AND-MEDS ANCHOR INSTITUTIONS VIA PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE); AND ENABLING POLICYMAKERS AND JOURNALISTS TO MAKE DATA-INFORMED DECISIONS VIA THE CREATION OF A STATE-OF-THE-ART DATA PORTAL CALLED POLICYHUB. IN ADDITION, DUE TO ITS REPUTATION FOR HIGH-QUALITY, INDEPENDENT ANALYSIS, THE ELGP CONTINUES TO PROVIDE CIVIC CONSULTING SERVICES TO VARIOUS PUBLIC AND PRIVATE ENTITIES, MOST NOTABLY TO TEMPLE UNIVERSITY TO CREATE THE LENFEST NORTH PHILADELPHIA WORKFORCE INITIATIVE.THE GREATER PHILADELPHIA LEADERSHIP EXCHANGE (GPLEX) IS AN INITIATIVE OF THE ECONOMY LEAGUE AIMED AT BUILDING "CIVIC MUSCLE" BY CREATING A CADRE OF WELL-INFORMED AND NETWORKED BUSINESS, CIVIC, NONPROFIT, AND GOVERNMENT LEADERS. THROUGH IN-REGION PROGRAMMING AND OUT-OF-REGION LEARNING VISITS, GPLEX EXPOSES LEADERS TO BEST PRACTICES, FORGES NEW CONNECTIONS ACROSS SECTORS AND INDUSTRIES, AND DEEPENS PARTICIPANTS' UNDERSTANDING OF GREATER PHILADELPHIA'S POTENTIAL. THE ECONOMY LEAGUE HELD ITS 13TH GPLEX IN SEATTLE FROM SEPTEMBER 29-OCTOBER 3, 2018. ONE HUNDRED AND FIFTY EMERGING AND ESTABLISHED LEADERS FROM DIVERSE SECTORS, INDUSTRIES, AND COUNTIES CONVENED FOR THREE DAYS OF LEARNING ABOUT HOW SEATTLE WORKS, THE CHALLENGES AND OPPORTUNITIES OF RAPID AND RELATIVELY UNFETTERED GROWTH. GPLEX PARTICIPANTS BUILT NEW CONNECTIONS WITH REGIONAL LEADERS FROM ACROSS DEMOGRAPHY, GEOGRAPHY, AND SECTOR.SPURRED BY THE SUCCESS OF GPLEX AND THE GROWTH OF THE COHORT OF ALUMNI, WHICH NUMBERS WELL OVER 1,000 LEADERS, THE ECONOMY LEAGUE LAUNCHED THE GPLEXER NEWSLETTER, PERIODIC PROGRAMMING CALLED GPLEX 365 IN PARTNERSHIP WITH THE NEW VENTURE CAF AT THE UNIVERSITY CITY SCIENCE CENTER, AND A CIVIC INNOVATION ACCELERATOR/INCUBATOR PLATFORM CALLED GPLEX LABS. ELPG PARTNERED WITH THE MEDIA OUTLET BILLY PENN TO LAUNCH THE FIRST ITERATION OF GPLEX LABS CALLED THE FULL CITY CHALLENGE, CENTERED AROUND A "FOOD AND SOCIAL IMPACT" THEME. PHILADELPHIA ANCHORS FOR GROWTH & EQUITY (PAGE) IS A PARTNERSHIP BETWEEN THE ECONOMY LEAGUE, THE CITY OF PHILADELPHIA'S COMMERCE DEPARTMENT, AND THE CITY'S MAJOR EDS-AND-MEDS INSTITUTIONS. PAGE ANALYZES THE WAY THESE INSTITUTIONS SPEND THEIR PROCUREMENT DOLLARS AND IS BUILDING INFRASTRUCTURE TO HELP THE INSTITUTIONS SHIFT MORE OF THEIR ROUGHLY $5 BN IN ANNUAL SPEND TO LOCAL DIVERSE BUSINESSES. PAGE HAS GARNERED FINANCIAL SUPPORT FROM THE STAKEHOLDERS THEMSELVES AS WELL AS THE JP MORGAN CHASE FOUNDATION AND TD CHARITABLE FOUNDATION TO DATE. ELGP HELD A PAGE LAUNCH EVENT ON NOVEMBER 2018 THAT ATTRACTED NEARLY 200 ATTENDEES AND RECEIVED EXTENSIVE MEDIA COVERAGE.SINCE ITS FOUNDING IN 1909, THE ECONOMY LEAGUE HAS BEEN A RESOURCE FOR IMPARTIAL ANALYSIS AND INSIGHT INTO OUR REGION'S ECONOMIC HEALTH. ELGP IS CREATING POLICY HUB, A STATE-OF-THE-ART DATA PORTAL THAT WILL AGGREGATE ALL SORTS OF CIVIC DATA INTO A USER-FRIENDLY PORTAL THAT WILL BE AN INVALUABLE RESOURCE FOR POLICYMAKERS, JOURNALISTS, AND CIVIC LEADERS. ELGP HAS ALREADY STARTED USING THE PORTAL TO GENERATE NEW INSIGHTS VIA THE LEADING INDICATORS NEWSLETTER, AND PLANS ARE IN THE WORKS TO CREATE A LOCAL VERSION OF THE CONGRESSIONAL BUDGET OFFICE TO PROVIDE UNBIASED FISCAL AND ECONOMIC ANALYSIS OF LEGISLATIVE PROPOSALS. THE ECONOMY LEAGUE IS ALSO WORKING WITH TEMPLE UNIVERSITY AND THE LENFEST FOUNDATION ON THE LENFEST NORTH PHILADELPHIA WORKFORCE INITIATIVE (LNPWI), A COMPREHENSIVE APPROACH TO BRINGING MORE NORTH PHILADELPHIA RESIDENTS INTO THE LABOR FORCE BY CREATING CAREER PATHWAYS INTO JOBS AT TEMPLE UNIVERSITY AND TEMPLE HEALTH SYSTEMS AND THEIR MAJOR SUPPLIERS. ELGP PROVIDED UNDERLYING DATA ANALYTICS FOR LNPWI AND HAS HELPED PULL TOGETHER MAJOR CONVENINGS OF NORTH PHILADELPHIA STAKEHOLDERS TO COORDINATE EFFORTS.IN 2018 THE ECONOMY LEAGUE ALSO CONDUCTED RESEARCH FOR THE PHILADELPHIA INTERNATIONAL AIRPORT ON HOW TO BEST POSITION ITSELF FOR AIR CARGO BUSINESS; FOR THE CITY'S HEALTH DEPARTMENT ON THE SCALE AND SCOPE OF THE REGION'S FOOD ECONOMY; ON THE ECONOMIC IMPACT OF BEN FRANKLIN TECHNOLOGY PARTNERS; AND DID INDUSTRY ANALYTICS FOR THE CITY'S WORKFORCE DEVELOPMENT STRATEGY. ADDITIONALLY, THE ECONOMY LEAGUE PROVIDED CITY COUNCIL A PRO-BONO ANALYSIS OF THE MAYOR'S FY19 BUDGET AND FIVE-YEAR PLAN.

4c	(Code: ) (Expenses $ 748,280 including grants of $ ) (Revenue $ 118,580 )
	THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH (PELGP):OUR 2018-19 AGENDA, CREATING A NEXT GENERATION ECONOMY FOR ALL, FOCUSES ON CAPITALIZING ON OUR REGION'S STRENGTHS IN TECH-BASED INNOVATION, ENERGY AND PETROCHEMICAL MANUFACTURING WHILE CONTINUING TO ADDRESS OUR REGION'S COMPETITIVENESS ISSUES, SUCH AS INFRASTRUCTURE, ECONOMIC DISPARITY, CREATING A STABLE BUSINESS ENVIRONMENT AND WORKFORCE. THE FOLLOWING IS A SUMMARY OF 2018 ACCOMPLISHMENTS TO ADVANCE THIS WORK.GROWING THE ECONOMY:THIS AREA OF THE AGENDA FOCUSED ON ECONOMIC DEVELOPMENT STRATEGIES TO GROW OUR ECONOMY THROUGH BUSINESS ATTRACTION AND RETENTION ACROSS FIVE STRATEGIC SECTORS (ADVANCED MANUFACTURING; ENERGY; FINANCIAL BUSINESS SERVICES; HEALTHCARE AND LIFE SCIENCES; TECH), INCLUDING A FOCUS ON INNOVATION AND ENERGY-RELATED MANUFACTURING.INNOVATION ECONOMIC DEVELOPMENT - IN 2018, THROUGH OUR AFFILIATION WITH THE ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (THE CONFERENCE), WE PARTICIPATED IN THE REGIONAL TEAM THAT FORMULATED AND SUBMITTED PITTSBURGH'S AMAZON HQ2 PROPOSAL. THE REGION WAS NAMED AS A TOP 20 FINALIST FOR THE PROJECT, WHICH HAS SIGNIFICANTLY RAISED THE PROFILE OF PITTSBURGH FOR ADDITIONAL TECHNOLOGY INVESTMENT AND MEDIA ATTENTION. AS A RESULT, WE HAVE BEEN CONSIDERED FOR OTHER PROJECTS BECAUSE WE WERE AN HQ2 FINALIST, AND WE NOW HAVE A REGIONAL TEAM ENCOMPASSING THE BUSINESS, GOVERNMENT, ACADEMIC, NONPROFIT AND PHILANTHROPIC COMMUNITIES THAT CAN MOBILIZE QUICKLY TO ADDRESS NEW OPPORTUNITIES AND CHALLENGES.WHILE AMAZON MAY NOT HAVE CHOSEN OUR REGION FOR HQ2, WE ARE SEEING OTHER SIGNATURE INNOVATION-RELATED PROJECTS COMING HERE. ONE EXAMPLE IS SAN FRANCISCO-BASED AFFIRM, A FAST-GROWING, FIVE-YEAR OLD COMPANY THAT CREATES FINANCIAL PRODUCTS AND ALTERNATIVES TO TRADITIONAL CREDIT, CHOSE PITTSBURGH FOR ITS SECOND OFFICE PRIMARILY BECAUSE OF PITTSBURGH'S AVAILABLE TECH TALENT. THE COMPANY PLANS TO CREATE 100 JOBS BY THE END OF 2019, ANTICIPATING TO GROW THE OFFICE TO 500 IN COMING YEARS. TO SUPPORT OUR ECONOMIC DEVELOPMENT EFFORTS WE RAMPED UP MARKETING THE REGION TO INNOVATION-RELATED COMPANIES. WE TRAVELED WITH A REGIONAL COALITION TO SEATTLE FOR THE GEEKWIRE SUMMIT, AND WE ALSO HOSTED JOURNALISTS FROM PUBLICATIONS SUCH AS FAST COMPANY, FORBES, VENTUREBEAT, ZDNET, POLITICO AND MEDTECH INSIGHT FOR A MEDIA TOUR OF PITTSBURGH'S INNOVATION ASSETS.FINALLY, TO ENSURE WE UNLOCK OUR FULL POTENTIAL OF OUR INNOVATION OPPORTUNITY, WE DEVELOPED AN INNOVATION STRATEGY WITH A FOCUS ON A NUMBER OF AREAS, INCLUDING TALENT, INFRASTRUCTURE, POLICIES AND ECONOMIC CLIMATE, PLACE-MAKING, CORPORATE ENGAGEMENT, AND BUSINESS ATTRACTION. WE ARE COLLABORATING WITH TECH-BASED ECONOMIC DEVELOPMENT PARTNERS TO FIND WAYS TO HELP BUILD ON THEIR YEARS OF PROGRESS.ONE INITIATIVE IS A "FIRST CUSTOMER" PROGRAM. WE ARE PARTNERING WITH INNOVATION WORKS AND PITTSBURGH'S URBAN REDEVELOPMENT AUTHORITY TO CREATE MORE MEANINGFUL, SCALABLE MATCHES BETWEEN REGIONAL STARTUPS AND ESTABLISHED BUSINESSES. ANOTHER INITIATIVE IS ALIGNING OUR BUSINESS ATTRACTION EFFORTS WITH THE CITY OF PITTSBURGH, ALLEGHENY COUNTY, PITT, CMU, INNOVATE PGH AND LOCAL ACCELERATOR ASCENDER TO TARGET TECH COMPANY ATTRACTION, WITH A FOCUS ON COMPANIES LOOKING TO EXPAND OUTSIDE OF THE SILICON VALLEY.ENERGY-RELATED MANUFACTURING - THE SHELL PENNSYLVANIA CHEMICALS PETROCHEMICAL FACILITY IS UNDER CONSTRUCTION AND GROWING BY THE DAY. AN ECONOMIC DEVELOPMENT WIN FROM 2016, THE FACILITY AT THE END OF 2018 HOSTED 2,950 CONSTRUCTION WORKERS, AND KEY PIECES OF EQUIPMENT VITAL TO THE OPERATION OF THE ETHANE CRACKER ARRIVE ROUTINELY.ALTHOUGH UNDER CONSTRUCTION, THE CRACKER IS ALREADY PAYING DIVIDENDS. SIX NEW SUPPLY CHAIN PROJECTS RELATED TO SHELL'S FACILITY ARE UNDERWAY IN THE PITTSBURGH REGION. A BIG WIN FOR THE REGION - BASED IN ONTARIO, CA, NIAGARA BOTTLING, LLC, WILL BE CONSTRUCTING A 456,000 SQUARE-FOOT FILTRATION AND BOTTLING OPERATION AS PART OF A $60 MILLION CAPITAL INVESTMENT. AFTER AN EXTENSIVE SEARCH THROUGHOUT THE REGION, THE COMPANY HAS ACQUIRED A 42-ACRE SITE AT THE FINDLAY INDUSTRIAL PARK IN FINDLAY TWP. THE OPERATION WILL CREATE 49 JOBS INITIALLY, WITH PLANS TO RAMP UP TO 120 JOBS AT FULL BUILD-OUT.IMPROVING COMPETITIVENESS-TO IMPROVE OUR REGION'S COMPETITIVENESS AND RESPOND TO COMMUNITY NEEDS, AS PART OF THE 2018-19 AGENDA, THE CONFERENCE IS ADDRESSING REGIONAL CHALLENGES BY FOCUSING ON EFFORTS TO REMOVE BARRIERS AND IMPEDIMENTS IN ECONOMIC INCLUSION, COMMUNITY AND SUSTAINABILITY, INFRASTRUCTURE, BUSINESS COMPETITIVENESS AND WORKFORCE AND EDUCATION.ECONOMIC INCLUSION - THE PASSAGE OF PA HOUSE BILL 1419 (ACT 56 OF 2018), OR "CLEAN SLATE" LEGISLATION, IS AN IMPORTANT STEP IN ADDRESSING THE PITTSBURGH REGION'S WORKFORCE CHALLENGE WHILE EXPANDING ECONOMIC INCLUSION TO ALL OF OUR COMMUNITIES. THE BILL PROVIDES FOR AUTOMATIC SEALING OF CRIMINAL RECORDS FOR CERTAIN INDIVIDUALS WITH MISDEMEANOR CONVICTIONS, ALLOWING POTENTIAL EMPLOYERS TO LOOK PAST MINOR MISTAKES AND FOCUS ON THE QUALIFICATIONS OF THE INDIVIDUAL.ANOTHER CRITICAL STEP IN SUPPORT OF THE ALLEGHENY CONFERENCE'S ECONOMIC INCLUSION AGENDA, HB 163 (ACT 95 OF 2018) REFORMS THE POLICY OF SUSPENDING DRIVER'S LICENSES FOR MINOR OFFENSES, WHICH SERVES AS A BARRIER TO EMPLOYMENT AND REDUCTION IN QUALITY OF LIFE.THE STRONG BIPARTISAN PASSAGE OF THESE LAWS ARE WINS FOR IMPROVING EQUITY ACROSS PENNSYLVANIA.WE HAVE ALSO STARTED TO BUILD A FOUNDATION TO EXPAND ONRAMPS TO CORPORATE SUPPLIER CHAINS FOR MINORITY-OWNED BUSINESSES, WHICH WILL HELP DIVERSIFY OUR ECONOMY'S GROWTH SECTORS BY INCLUDING MORE SMALL BUSINESSES. PARTNERING WITH A RANGE OF PUBLIC AND PRIVATE PARTNERS, WE HAVE DEVELOPED A STRATEGY TO EXPAND ACCESS TO CAPITAL, MARKETS, NETWORKS, WORKFORCE AND EXPERTISE FOR BOTH YOUNG AND ESTABLISHED MINORITY BUSINESSES TO SPUR WEALTH BUILDING AMONG MINORITY RESIDENTS.COMMUNITY AND SUSTAINABILITY - AN INCREASE TO THE NAP TAX CREDIT - WHICH PROVIDES LONG-TERM SUSTAINABLE INVESTMENT IN LOCALLY-BASED REVITALIZATION ORGANIZATIONS SERVING LOW INCOME NEIGHBORHOODS - IS A REALITY. IN 2018, PA HOUSE BILL 645 PASSED BOTH CHAMBERS AND WAS SIGNED INTO LAW BY GOVERNOR WOLF AS ACT 100 OF 2018. THIS LEGISLATION SUCCESSFULLY INCREASES THE NAP CAP FROM $18 MILLION TO $36 MILLION AND PROVIDES CRITICAL FUNDING TO SUPPORT AND IMPROVE OUR MOST VULNERABLE COMMUNITIES. THIS TAX CREDIT IS THE ENGINE OF OUR STRENGTHENING COMMUNITIES PARTNERSHIP (SCP) PROGRAM AND WILL ASSIST THE FUNDING OF OUR SCP COMMUNITIES: CONNELLSVILLE, HOMEWOOD, MCKEES ROCKS, MOUNT OLIVER/KNOXVILLE, SHARPSBURG, WASHINGTON AND WILKINSBURG. IN 2018, THE CONFERENCE, WORKING IN PARTNERSHIP WITH THE LEADERSHIP OF THE STRATEGIC INVESTMENT FUND, ENGAGED IN A PROCESS TO REFINE THE FUND'S STRATEGIC FOCUS TO ENSURE THAT IT IS BEST POSITIONED TO MEET THE REGION'S NEEDS IN CREATING A 21ST CENTURY ECONOMY FOR ALL. A SIGNATURE INVESTMENT IN 2018 INCLUDED A $4 MILLION LOAN FOR THE SPECULATIVE DEVELOPMENT OF DISTRICT 15 IN THE STRIP DISTRICT, WHICH, UPON COMPLETION WAS FULLY LEASED BY FACEBOOK. TRUE TO SIF'S MISSION, THIS INVESTMENT FILLED A FUNDING GAP NEEDED TO SUPPORT CRITICAL ECONOMIC DEVELOPMENT.ADDITIONALLY, WITH THIS DIVERSE SET OF VIEWPOINTS AND OPINIONS AT THE TABLE, THE ALLEGHENY CONFERENCE ASSEMBLED THE COMMUNITY AND SUSTAINABILITY COMMUNITY AND WORKED TO ESTABLISH CORE SUSTAINABILITY PRINCIPLES TO FIT WITHIN THE SCOPE AND MISSION OF THE CONFERENCE'S AGENDA. THE RESULTS - DERIVED FROM THE U.N. SUSTAINABLE DEVELOPMENT GOALS - ARE A SET OF INSPIRING AND FORWARD THINKING PRINCIPLES, WHICH WERE UNANIMOUSLY APPROVED BY THE COMMITTEE AND THE CONFERENCE BOARD.HERE ARE THE FIVE PRINCIPLES:- PRINCIPLE 1:COMMUNITY AND INDIVIDUAL WELL-BEING. WE PROMOTE AND ENCOURAGE POLICIES AND PRACTICES THAT PROVIDE EQUAL ACCESS TO IMPROVED ECONOMIC GROWTH AND QUALITY OF LIFE FOR ALL TO ENSURE THE LONG-TERM WELL-BEING OF OUR COMMUNITIES AND OUR RESIDENTS.- PRINCIPLE 2: RESOURCE STEWARDSHIP. WE PROMOTE THE ADOPTION OF SUSTAINABLE CONSUMPTION AND PRODUCTION PATTERNS, INCREASED EFFICIENCY AND MINIMIZED RESOURCE USE AND WASTE IN ALL ITS FORMS (I.E., LAND, WATER AND AIR), AND ACTIONS THAT CONTRIBUTE TO POSITIVE IMPROVEMENTS TO THE FOUR P'S OF PEOPLE, PLANET, PLACE AND PERFORMANCE.- PRINCIPLE 3: CLEAN ENERGY. WE PROMOTE AND ENCOURAGE POLICIES AND PRACTICES THAT INCREASE ACCESS TO MORE AFFORDABLE, RELIABLE, SUSTAINABLE AND CLEAN ENERGY FOR ALL.- PRINCIPLE 4: INNOVATION AND TECHNOLOGY. WE PROMOTE FURTHER FUNDING AND DEPLOYMENT OF INNOVATION AND TECHNOLOGY THAT INCREASES THE SUSTAINABILITY OF OUR INDUSTRIES, IMPROVES THE RESILIENCY OF OUR INFRASTRUCTURE AND ADDRESSES FACTORS THAT CONTRIBUTE TO CLIMATE CHANGE.- PRINCIPLE 5: PARTNERSHIPS TO ACHIEVE THE PRINCIPLES.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses2,590,533

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) KEITH DORMAN...................................................................... DIRECTOR	1.00 .................	X		0	0	0
(2) JAMES DUNIGAN...................................................................... DIRECTOR	1.00 .................	X		0	0	0
(3) ROBERT KRIZNER...................................................................... DIRECTOR	1.00 .................	X		0	0	0
(4) JEFFREY W LETWIN...................................................................... DIRECTOR	1.00 .................	X		0	0	0
(5) DOUGLAS R MYERS...................................................................... DIRECTOR	1.00 .................	X		0	0	0
(6) WILLIAM RHODES...................................................................... DIRECTOR	1.00 .................	X		0	0	0
(7) GREGORY J NOWAK...................................................................... CHAIR AND PRESIDENT	1.00 .................	X	X	0	0	0
(8) ROBERT M GENECZKO...................................................................... VICE CHAIR & VICE PRESIDENT	1.00 .................	X	X	0	0	0
(9) THOMAS L VANKIRK...................................................................... SECRETARY	1.00 .................	X	X	0	0	0
(10) FRED CALLAHAN...................................................................... TREASURER	1.00 .................	X	X	0	0	0
(11) JEFF HORNSTEIN ENTERED 52018...................................................................... MANAGING DIRECTOR	40.00 .................	X	X	133,650	0	7,855
(12) JOSHUA SEVIN EXITED 52018...................................................................... MANAGING DIRECTOR	40.00 .................	X	X	36,643	0	7,289

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)						(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title

1	Briefly describe the organization’s mission or most significant activities: THE PENNSYLVANIA ECONOMY LEAGUE ("PEL") IS AN INDEPENDENT NON-PROFIT PUBLIC POLICY RESEARCH ENTITY.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	10
5	Total number of individuals employed in calendar year 2018 (Part V, line 2a) ......	5	10
6	Total number of volunteers (estimate if necessary) .............	6	50
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	6,381

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	170,293	0	15,144

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a	8,204
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	1,462,390

g	Noncash contributions included in lines 1a - 1f:$
h Total. Add lines 1a-1f.......		1,470,594

		Business Code
2a	CENTRAL PROJECT REV	900099	1,158,219	1,158,219
b	ELGP PROJECT REVENUE	900099	825,415	825,415
c	PELGP PROJECT REVENUE	900099	118,580	118,580
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f ....		2,102,214

3 Investment income (including dividends, interest, and othersimilar amounts) ......			4,068			4,068
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			3,576,876	2,102,214	0	4,068

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to domestic individuals. See Part IV, line 22
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16.
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	185,437	127,140	42,915	15,382
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	908,939	632,079	200,463	76,397
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	242,438	26,595	213,100	2,743
9	Other employee benefits .......	101,252	70,317	22,262	8,673
10	Payroll taxes ...........	87,238	60,924	19,427	6,887
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	7,305	6,605	700
c	Accounting ...........	104,001	50,923	43,479	9,599
d	Lobbying ...........	61,750	61,750
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	461,985	445,977	15,970	38
12	Advertising and promotion ....	54,848	28,535	22,888	3,425
13	Office expenses .......	60,513	37,396	18,861	4,256
14	Information technology ......	36,398	5,636	30,243	519
15	Royalties ..
16	Occupancy ...........	194,754	96,588	86,845	11,321
17	Travel ............	20,687	12,731	7,460	496
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	38,534	14,491	13,099	10,944
20	Interest ...........	4,857	3,318	1,051	488
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	21,699	7,864	13,061	774
23	Insurance ...	32,071	14,103	16,656	1,312
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	SHARED EXPENSES	914,962	700,215	165,825	48,922
b	PROJECT AND EVENT EXP	172,424	172,424
c
d
e	All other expenses	34,826	14,922	16,875	3,029
25	Total functional expenses. Add lines 1 through 24e	3,746,918	2,590,533	951,180	205,205
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			422,178	1	277,036
2	Savings and temporary cash investments .........			855,517	2	773,626
3	Pledges and grants receivable, net ......			961,988	3	855,066
4	Accounts receivable, net .............			77,588	4	144,358
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......			26,535	9	54,899
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	370,778
b	Less: accumulated depreciation	10b	334,731	23,880	10c	36,047
11	Investments—publicly traded securities .			2,500	11	2,500
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			7,546	15	10,355
16	Total assets. Add lines 1 through 15 (must equal line 34)...			2,377,732	16	2,153,887

17	Accounts payable and accrued expenses .....	177,481	17	296,541
18	Grants payable ...		18
19	Deferred revenue .........	167,330	19	132,160
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..	180,000	23	100,000
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	2,716,034	25	2,379,231
26	Total liabilities. Add lines 17 through 25..	3,240,845	26	2,907,932

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	-1,571,987	27	-1,217,288
28	Temporarily restricted net assets ...........	708,874	28	463,243
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	-863,113	33	-754,045
34	Total liabilities and net assets/fund balances ........	2,377,732	34	2,153,887