ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization: ECONOMIC DEVELOPMENT CORPORATION (EIN 14-1757090)
Tax period: 2025-01-01 to 2025-12-31
Filed: 2026-05-14
IRS object ID: 202641349349309139
Schema version: 2025v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-14T14:44:28-05:00	ReturnTs
Tax Period End	2025-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	161092347	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MENGEL METZGER BARR & CO LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	111 EVERTS AVE PO BOX 4750	AddressLine1Txt
City	QUEENSBURY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	128044750	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2025-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	141757090	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ECONOMIC DEVELOPMENT CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ECON	BusinessNameControlTxt
Phone	5187616007	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11 SOUTH STREET 201	AddressLine1Txt
City	GLENS FALLS	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12801	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMES SIPLON	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	5187616007	PhoneNum
Signature	2026-05-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CHRISTOPHER J HEALY CPA	PreparerPersonNm
PTIN	P02180941	PTIN
Phone	5187926595	PhoneNum
Preparation	2026-05-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2025	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JAMES SIPLON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11 SOUTH STREET 201	AddressLine1Txt
City	GLENS FALLS	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12801	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$719,215	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.EDCWC.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1992	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	TO DRIVE ECONOMIC OPPORTUNITY, GROWTH, AND PROSPERITY IN WARREN COUNTY.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	6	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$610,068	PYContributionsGrantsAmt
CY Contributions Grants	$606,550	CYContributionsGrantsAmt
PY Program Service Revenue	$94,273	PYProgramServiceRevenueAmt
CY Program Service Revenue	$101,245	CYProgramServiceRevenueAmt
PY Investment Income	$13,655	PYInvestmentIncomeAmt
CY Investment Income	$11,420	CYInvestmentIncomeAmt
PY Other Revenue	-$45	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$717,951	PYTotalRevenueAmt
CY Total Revenue	$719,215	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$466,034	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$488,248	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$262,954	PYOtherExpensesAmt
CY Other Expenses	$265,172	CYOtherExpensesAmt
PY Total Expenses	$728,988	PYTotalExpensesAmt
CY Total Expenses	$753,420	CYTotalExpensesAmt
PY Revenues Less Expenses	-$11,037	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$34,205	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,023,640	TotalAssetsBOYAmt
Total Assets EOY	$928,641	TotalAssetsEOYAmt
Total Liabilities BOY	$227,748	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$166,954	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$795,892	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$761,687	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	EDC IS THE CENTRAL SOURCE FOR WARREN COUNTY ECONOMIC DEVELOPMENT EFFORTS, AS IT GUIDES PROGRAMS AND PROJECTS THROUGHOUT THE SOUTHERN ADIRONDACK REGION. EDC ACHIEVES RESULTS THROUGH COLLABORATIVE PUBLIC-PRIVATE PARTNERSHIPS DESIGNED TO ENCOURAGE NEW INVESTMENT OPPORTUNITIES THAT CREATE JOBS AND CREATE A SUSTAINABLE COMMUNITY AND AREA ECONOMY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$545,549	ExpenseAmt
Revenue	$101,245	RevenueAmt
Desc	ECONOMIC DEVELOPMENT:ACHIEVED CERTAIN CHARITABLE OBJECTIVES AND PUBLIC PURPOSES OF RELIEVING AND REDUCING ADULT UNEMPLOYMENT, PROMOTING AND PROVIDING FOR QUALITY JOBS FOR WARREN COUNTY CITIZENS AND LESSENING THE BURDENS OF GOVERNMENT WITHIN THE WARREN COUNTY REGION OF NEW YORK BY THE FOLLOWING ACTIVITIES: ENCOURAGING THE RETENTION AND EXPANSION OF VARIOUS BUSINESS ENTERPRISES IN THE WARREN COUNTY REGION; PROVIDING MANAGERIAL, TECHNICAL, AND ADMINISTRATIVE ADVICE TO ASSIST LOCAL BUSINESS ENTERPRISES; ATTRACTING THE LOCATION OF BUSINESS ENTERPRISES TO THE WARREN COUNTY REGION AND RELATED COMMUNITY/ECONOMIC ACTIVITIES.	Desc
Total Program Service Expenses	$545,549	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	5	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	6	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DIANE DUMOUCHEL	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5187616007	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11 SOUTH STREET SUITE 201	AddressLine1Txt
City	GLENS FALLS	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12801	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MIKE WILD
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
JOHN STROUGH
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
SUSAN CORNEY
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
JUDY CALOGERO
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
MELANIE FRONHOFER WEBER
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
MICHAEL MCLARTY
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
ASHLEY WALDEN
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
JIM MARCO
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
PAUL WERSTEN
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
ANASTASIA URTZ
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
KELLI DERWAY
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
MATTHEW FULLER
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
KRISTINE DUFFY
INTERIM CHAIR, TERM END 7/1/25	2.00		$0	$0	$0	Yes (X)
KATHRYN MUNCIL
VICE CHAIR/TREASURER	2.00		$0	$0	$0	Yes (X)
LAURA LADU
SECRETARY	2.00		$0	$0	$0	Yes (X)
JIM SIPLON
PRESIDENT/CEO	55.00		$137,005	$0	$43,940	Yes (X)
JOHN WHEATLEY
VICE PRESIDENT	40.00		$102,916	$0	$9,885		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$239,921	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$53,825	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$551,150	GovernmentGrantsAmt
All Other Contributions	$55,400	AllOtherContributionsAmt
Noncash Contributions	$5,390	NoncashContributionsAmt
Total Contributions	$606,550	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES	900099	$90,650	$90,650
ANNUAL MEETING AND OTH	900099	$10,595	$10,595

Field	Value	IRS element (for citing)
Total Program Service Revenue	$101,245	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,420	TotalRevenueColumnAmt
Exclusion	$11,420	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$719,215	TotalRevenueColumnAmt
Related Or Exempt Func Income	$101,245	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$11,420	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$180,945	TotalAmt
Program Services	$144,756	ProgramServicesAmt
Management And General	$36,189	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$255,939	TotalAmt
Program Services	$174,185	ProgramServicesAmt
Management And General	$81,754	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$16,968	TotalAmt
Program Services	$12,848	ProgramServicesAmt
Management And General	$4,120	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$4,001	TotalAmt
Program Services	$848	ProgramServicesAmt
Management And General	$3,153	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$30,395	TotalAmt
Program Services	$22,343	ProgramServicesAmt
Management And General	$8,052	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,501	TotalAmt
Program Services	$1,536	ProgramServicesAmt
Management And General	$965	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$17,149	TotalAmt
Management And General	$17,149	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,501	TotalAmt
Program Services	$1,535	ProgramServicesAmt
Management And General	$966	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$22,824	TotalAmt
Program Services	$22,824	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$10,098	TotalAmt
Program Services	$5,049	ProgramServicesAmt
Management And General	$5,049	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$36,377	TotalAmt
Program Services	$22,060	ProgramServicesAmt
Management And General	$14,317	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$48,978	TotalAmt
Program Services	$24,489	ProgramServicesAmt
Management And General	$24,489	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$158	TotalAmt
Program Services	$79	ProgramServicesAmt
Management And General	$79	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$996	TotalAmt
Program Services	$498	ProgramServicesAmt
Management And General	$498	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$7,040	TotalAmt
Management And General	$7,040	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
DEVELOPMENT PROJECTS AN	$60,427	$60,427
DUES AND SUBSCRIPTIONS	$18,079	$18,079
EDC EVENTS	$15,798	$15,798
REAL ESTATE TAXES AND P	$6,971	$6,971

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$15,275	TotalAmt
Program Services	$11,224	ProgramServicesAmt
Management And General	$4,051	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$753,420	TotalAmt
Program Services	$545,549	ProgramServicesAmt
Management And General	$207,871	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$44,744	BOYAmt
EOY	$289,599	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$231,303	BOYAmt
EOY	$300,605	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$168,668	BOYAmt
EOY	$74,181	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$22,278	BOYAmt
EOY	$17,960	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$214,481	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$58,153	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$157,324	BOYAmt
EOY	$156,328	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$267,388	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$131,935	BOYAmt
EOY	$89,968	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,023,640	BOYAmt
EOY	$928,641	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$18,049	BOYAmt
EOY	$25,031	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$26,659	BOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$183,040	BOYAmt
EOY	$141,923	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$227,748	BOYAmt
EOY	$166,954	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$795,892	BOYAmt
EOY	$761,687	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$795,892	BOYAmt
EOY	$761,687	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,023,640	BOYAmt
EOY	$928,641	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$34,205	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$540,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$564,750	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$613,024	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$610,068	CurrentTaxYearMinus1YearAmt
Current Tax Year	$606,550	CurrentTaxYearAmt
Total	$2,934,392	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$540,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$564,750	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$613,024	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$610,068	CurrentTaxYearMinus1YearAmt
Current Tax Year	$606,550	CurrentTaxYearAmt
Total	$2,934,392	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$2,934,392	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$460	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$417	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,233	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$13,655	CurrentTaxYearMinus1YearAmt
Current Tax Year	$11,420	CurrentTaxYearAmt
Total	$31,185	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$125	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$150	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$619	CurrentTaxYearMinus2YearsAmt
Total	$894	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$2,966,471	TotalSupportAmt
Gross Receipts Rltd Activities	$220,746	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.98920	PublicSupportCY170Pct
Public Support PY170	0.99250	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	MISCELLANEOUS - 2021 AMOUNT: $ 125. 2022 AMOUNT: $ 150. 2023 AMOUNT: $ 619.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$130,437	OtherCostOrOtherBasisAmt
Book Value	$130,437	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$84,044	OtherCostOrOtherBasisAmt
Depreciation	$58,153	DepreciationAmt
Book Value	$25,891	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$156,328	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt
SECURITY DEPOSIT	$3,895
RIGHT OF USE ASSETS - OPERATING LEASES	$86,073

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$89,968	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
OPERATING LEASE LIABILITY	$86,073
DEFERRED MEMBERSHIP DUES	$55,850

Field	Value	IRS element (for citing)
Total Liability	$141,923	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$723,823	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$4,608	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$4,608	RevenueNotReportedAmt
Revenue Subtotal	$719,215	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$719,215	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$758,028	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$4,608	DonatedServicesUseFcltsAmt
Expenses Not Reported	$4,608	ExpensesNotReportedAmt
Expenses Subtotal	$753,420	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$753,420	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	EDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THESE FINANCIAL STATEMENTS. IN ADDITION, EDC QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(6) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. EDC BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON EDC'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, EDC HAS NOT RECORDED ANY LIABILITIES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2025.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JIM SIPLON	PersonNm
Title	PRESIDENT/CEO	TitleTxt
Base Compensation Filing Org	$137,005	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$13,225	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$30,715	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$180,945	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	MEMBERSHIP, PER THE ORGANIZATION'S BY-LAWS, SHALL CONSIST OF INDIVIDUALS APPOINTED BY DULY ESTABLISHED MEMBERS OF THE CORPORATION FROM TIME TO TIME, WITH THE EXCEPTION OF FOUR PERMANENT MEMBERS OF THE CORPORATION. THE FOUR PERMANENT MEMBERS MAY SERVE WITHOUT TENDERING A MEMBERSHIP FEE AND SHALL CONSIST OF (1) CHAIRMAN OF THE WARREN COUNTY BOARD OF SUPERVISORS (2) SUPERVISOR OF THE TOWN OF QUEENSBURY (3) MAYOR OF THE CITY OF GLENS FALLS (4) PRESIDENT OF SUNY ADIRONDACK. THE CORPORATION SHALL HAVE TWO CLASSES OF MEMBERS CONSISTING OF (A) VOTING MEMBERS AND (B) NON-VOTING MEMBERS. VOTING MEMBERS SHALL BE THE MEMBERS OF THE CORPORATION THAT HAVE BEEN ELECTED TO AND ARE SERVING ON THE BOARD OF DIRECTORS. THE CORPORATION SHALL BE MANAGED BY ITS BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7A	THE VOTING MEMBERS OF THE CORPORATION, AT THEIR ANNUAL MEETING, SHALL APPOINT DIRECTORS AND ADVISORY DIRECTORS FOR POSITIONS WHERE A NEW DIRECTORSHIP IS CREATED OR THE TERM OF A DIRECTOR HAS EXPIRED. BOARD OFFICERS SERVE A TERM OF TWO YEARS OR UNTIL A SUCESSOR IS ELECTED TO BE DETERMINED AT THE TIME OF NOMINATION BY THE GOVERNANCE COMMITTEE AND AS VOTED UPON BY THE CURRENT DIRECTORS AT THE ANNUAL MEETING. DIRECTORS WILL SERVE NO MORE THAN EIGHT CONSECUTIVE YEARS. THE MAJORITY OF DIRECTORS SHALL BE INDEPENDENT.
FORM 990, PART VI, SECTION A, LINE 7B	DECISIONS ARE MADE BY THE VOTING MEMBERS OF THE CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11B	THE FINANCE AUDIT & COMPLIANCE COMMITTEE REVIEWS THE 990 WITH THE PRESIDENT, CHAIRMAN AND TREASURER BEFORE REQUIRED SIGNATURES ARE PROCURED. THE 990 IS ALSO REVIEWED BY THE BOARD OF DIRECTORS UPON FILING.
FORM 990, PART VI, SECTION B, LINE 12C	BEFORE ENGAGING IN RENEWAL AND/OR NEW CONTRACTS FOR ANY PROFESSIONAL SERVICES, SUPPLIES, ETC., THE BOARD OF DIRECTORS IS ADVISED OF POTENTIAL CONFLICT BY THE PRESIDENT OR FINANCIAL DIRECTOR AND RECOMMENDATIONS REGARDING ANY ACTION TO BE TAKEN, INCLUDING ABSTENTION FROM KEY VOTES.
FORM 990, PART VI, SECTION B, LINE 15A	THE CHAIR OF THE BOARD OF DIRECTORS CONDUCTS A YEAR-END PERFORMANCE EVALUATION WITH THE PRESIDENT. THE PRIMARY ITEMS OF PERFORMANCE THAT ARE TAKEN INTO CONSIDERATION ARE THE STRATEGIC PLAN, CONTINUED IMPLEMENTATION AND FINANCIAL PERFORMANCE. THE PRESIDENT'S PERFORMANCE IS ALSO REVIEWED AND DISCUSSED IN AN EXECUTIVE SESSION BY THE BOARD OF DIRECTORS AND ANY SUBSEQUENT ACTIONS ARE THEN TAKEN.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE AND THROUGH COMPLIANCE WITH NYS PUBLIC AUTHORITY ACCOUNTABILITY ACT.