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.
Reported officers (all unpaid)
No paid executives reported in 2024. PPL Development Co Inc reported 4 unpaid officers and board members on its 990.
Revenue and expenses over time
PPL Development Co Inc reported revenue and expenses across 2 filing years.
What Education executives earn in Virginia
PPL Development Co Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable education organization in Virginia earns a median of $103,585.
These are education sector-wide figures, not this organization's reported pay. Based on 263 organizations across 263 filings (2021 – 2023).
See full Education pay data for Virginia →Common questions about PPL Development Co Inc
What are PPL Development Co Inc's revenue and expenses?
In 2024, PPL Development Co Inc reported $477k in total revenue and $472k in total expenses on its IRS Form 990.
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