IRS 990 Nonprofit Profile

PPL Development Co Inc

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.

Filing year

2024

Total revenue

$477K

Total expenses

$472K

Program expenses

$462K

Administration

$10K

Fundraising

$0

Program share of expenses

98%

EIN

462271570

Location

Petersburg, VA