Public Charity

PPL Development Co Inc

Based in Petersburg, VA, PPL Development Co Inc operates as a Public Charity. The organization reported $477K in revenue, $472K in expenses, $10.5M in total assets for fiscal year 2024. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $2.5M.

EIN: 462271570 Petersburg, VA Latest filing: 2024
Total Revenue$477K
Total Expenses$472K
Total Assets$10.5M
Grant Records6
Funding Total$2.5M
Filing Years2020–2024

Mission

To acquire and hold title to property to be used as a public library for the City of Petersburg, Virginia, developing such property as a library, leasing such a library and collecting income therefrom, and turning over the entirety of such income, less expenses, to the Petersburg Library Foundation, Inc. (PLF), a non profit corporation exempt under section 501 (c)(3) of the Code; supporting the mission, programs, and efforts of PLF in respect of the development, use and operation of such library; and engaging in any other lawful acts or activities for which corporations may be organized under Virginia Non-Stock Corporation Act necessary to satisfy the foregoing purposes.

Sample Grants Received

2022
to complete library construction
$240,000
2021
to complete library construction
$2,045,743
2020
to complete library construction
$21,074
2019
to complete library construction
$118,403
2018
to complete library construction
$37,317

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

Sec/Treas Joy Burroughs
Director March Altman
Vice President Robert C Walker
President Wayne M Crocker

Officer compensation and complete director data available with membership.

Top Grant Purposes

to complete library construction
$2,469,727 6 grants

Financial Trends

Year Revenue Expenses Assets
2024 $477K $472K $10.5M
2023 $137K $457K $10.9M
2022 $377K $471K $11.3M
2021 $2.2M $497K $11.7M
2020 $12.0M $723K $9.7M

Between 2020 and 2024, reported annual revenue declined from $12.0M to $477K (-96%), with total assets most recently reported at $10.5M.

Interactive year-over-year charts and full filing details available with membership.

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