ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: ECONOMIC DEVELOPMENT CORPORATION (EIN 14-1757090)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-07-23
IRS object ID: 202432059349300723
Schema version: 2023v5.1
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	2024-07-23T11:22:51-05:00	ReturnTs
Tax Period End	2023-12-31	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	2023-01-01	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	2024-06-25	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JAMES	PersonFirstNm
Person Last	SIPLON	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	HEATHER D PATTEN CPA	PreparerPersonNm
PTIN	P00966838	PTIN
Phone	5187926595	PhoneNum
Preparation	2024-06-25	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	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	$637,594	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	11	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$564,750	PYContributionsGrantsAmt
CY Contributions Grants	$618,024	CYContributionsGrantsAmt
PY Program Service Revenue	$11,425	PYProgramServiceRevenueAmt
CY Program Service Revenue	$13,718	CYProgramServiceRevenueAmt
PY Investment Income	$417	PYInvestmentIncomeAmt
CY Investment Income	$5,233	CYInvestmentIncomeAmt
PY Other Revenue	$150	PYOtherRevenueAmt
CY Other Revenue	$619	CYOtherRevenueAmt
PY Total Revenue	$576,742	PYTotalRevenueAmt
CY Total Revenue	$637,594	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	$551,137	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$458,763	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$281,557	PYOtherExpensesAmt
CY Other Expenses	$256,372	CYOtherExpensesAmt
PY Total Expenses	$832,694	PYTotalExpensesAmt
CY Total Expenses	$715,135	CYTotalExpensesAmt
PY Revenues Less Expenses	-$255,952	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$77,541	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,176,192	TotalAssetsBOYAmt
Total Assets EOY	$1,060,806	TotalAssetsEOYAmt
Total Liabilities BOY	$291,722	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$253,877	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$884,470	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$806,929	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO DRIVE ECONOMIC OPPORTUNITY, GROWTH AND PROSPERITY IN WARREN COUNTY BY: RESPONDING PROMPTLY, ACCURATELY, AND COMPLETELY TO BUSINESS CHALLENGES, PROVIDING FINANCING AND IMPROVING INFRASTRUCTURE THAT GENERATES PUBLIC BENEFITS, AND LEVERAGING THE TREMENDOUS ADVANTAGES OF DOING BUSINESS TO ENHANCE THE QUALITY OF LIFE FOR ALL RESIDENTS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$509,175	ExpenseAmt
Revenue	$14,337	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.	Desc
Total Program Service Expenses	$509,175	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	11	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 (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
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
KRISTINE DUFFY
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
MICHAEL PRATT
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
LIBBY CORENO
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
MATTHEW FULLER
PAST-CHAIR	2.00		$0	$0	$0	Yes (X)
KATHRYN MUNCIL
VICE CHAIR	2.00		$0	$0	$0	Yes (X)
MITCH AMADO
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		$131,823	$0	$35,546	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$131,823	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$35,546	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	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	$486,274	GovernmentGrantsAmt
All Other Contributions	$131,750	AllOtherContributionsAmt
Total Contributions	$618,024	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	ANNUAL MEETING AND OTH	Desc
Business	900099	BusinessCd
Total Revenue Column	$13,718	TotalRevenueColumnAmt
Related Or Exempt Func Income	$13,718	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$13,718	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,233	TotalRevenueColumnAmt
Exclusion	$5,233	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS	Desc
Business	900099	BusinessCd
Total Revenue Column	$619	TotalRevenueColumnAmt
Related Or Exempt Func Income	$619	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$619	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$637,594	TotalRevenueColumnAmt
Related Or Exempt Func Income	$14,337	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$5,233	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$167,369	TotalAmt
Program Services	$133,895	ProgramServicesAmt
Management And General	$33,474	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$229,670	TotalAmt
Program Services	$147,536	ProgramServicesAmt
Management And General	$82,134	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$17,241	TotalAmt
Program Services	$12,121	ProgramServicesAmt
Management And General	$5,120	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$15,979	TotalAmt
Program Services	$10,918	ProgramServicesAmt
Management And General	$5,061	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$28,504	TotalAmt
Program Services	$18,460	ProgramServicesAmt
Management And General	$10,044	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$9,372	TotalAmt
Program Services	$4,686	ProgramServicesAmt
Management And General	$4,686	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$11,802	TotalAmt
Management And General	$11,802	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,271	TotalAmt
Program Services	$1,589	ProgramServicesAmt
Management And General	$682	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$46,867	TotalAmt
Program Services	$46,867	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,555	TotalAmt
Program Services	$3,339	ProgramServicesAmt
Management And General	$4,216	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$34,792	TotalAmt
Program Services	$21,638	ProgramServicesAmt
Management And General	$13,154	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$44,970	TotalAmt
Program Services	$22,485	ProgramServicesAmt
Management And General	$22,485	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$6,876	TotalAmt
Program Services	$3,438	ProgramServicesAmt
Management And General	$3,438	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$7,330	TotalAmt
Management And General	$7,330	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
EDC EVENTS	$38,279	$38,279
DEVELOPMENT PROJECTS AN	$16,307	$16,307
DUES AND SUBSCRIPTIONS	$13,676	$13,676
REAL ESTATE TAXES AND P	$11,283	$11,283

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,992	TotalAmt
Program Services	$2,658	ProgramServicesAmt
Management And General	$2,334	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$715,135	TotalAmt
Program Services	$509,175	ProgramServicesAmt
Management And General	$205,960	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$41,102	BOYAmt
EOY	$40,085	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$651,927	BOYAmt
EOY	$334,156	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$85,000	BOYAmt
EOY	$66,038	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$10,811	BOYAmt
EOY	$32,710	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$225,731	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$65,186	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$167,421	BOYAmt
EOY	$160,545	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
EOY	$251,326	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$219,931	BOYAmt
EOY	$175,946	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,176,192	BOYAmt
EOY	$1,060,806	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$18,686	BOYAmt
EOY	$20,826	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$57,000	BOYAmt
EOY	$57,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$216,036	BOYAmt
EOY	$176,051	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$291,722	BOYAmt
EOY	$253,877	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	$884,470	BOYAmt
EOY	$806,929	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$884,470	BOYAmt
EOY	$806,929	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,176,192	BOYAmt
EOY	$1,060,806	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$77,541	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	$590,950	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$514,000	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$540,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$564,750	CurrentTaxYearMinus1YearAmt
Current Tax Year	$613,024	CurrentTaxYearAmt
Total	$2,822,724	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$590,950	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$514,000	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$540,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$564,750	CurrentTaxYearMinus1YearAmt
Current Tax Year	$613,024	CurrentTaxYearAmt
Total	$2,822,724	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$2,822,724	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$982	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$791	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$460	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$417	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,233	CurrentTaxYearAmt
Total	$7,883	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$647	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years	$125	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$150	CurrentTaxYearMinus1YearAmt
Current Tax Year	$619	CurrentTaxYearAmt
Total	$1,541	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$2,832,148	TotalSupportAmt
Gross Receipts Rltd Activities	$58,693	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.99670	PublicSupportCY170Pct
Public Support PY170	0.99770	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 - 2019 AMOUNT: $ 647. 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	$95,294	OtherCostOrOtherBasisAmt
Depreciation	$65,186	DepreciationAmt
Book Value	$30,108	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$160,545	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt
SECURITY DEPOSIT	$3,895
RIGHT OF USE ASSETS - OPERATING LEASES	$172,051

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$175,946	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
OPERATING LEASE LIABILITY	$172,051
DEFERRED MEMBERSHIP DUES	$4,000

Field	Value	IRS element (for citing)
Total Liability	$176,051	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$643,537	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$5,943	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$5,943	RevenueNotReportedAmt
Revenue Subtotal	$637,594	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$637,594	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$721,078	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$5,943	DonatedServicesUseFcltsAmt
Expenses Not Reported	$5,943	ExpensesNotReportedAmt
Expenses Subtotal	$715,135	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$715,135	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, 2023.	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	$131,823	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	$12,466	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$23,080	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$167,369	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.