CENTER FOR ECONOMIC GROWTH: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CENTER FOR ECONOMIC GROWTH (EIN 22-2880333)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-13
IRS object ID
202303179349308555
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-13T15:40:38-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141731700PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL A TOBIN & ASSOC CPA'S PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line118 COMPUTER DRIVE EAST - SUITE 101AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP122051290ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222880333EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CENTER FOR ECONOMIC GROWTH INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCENTBusinessNameControlTxt
Phone5184311416PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1FIVE COMPUTER DRIVE SOUTHAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK N EAGANPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone5184658975PhoneNum
Signature2023-11-13SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARKPersonFirstNm
Person LastEAGANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL A TOBIN IIPreparerPersonNm
PTINP00248170PTIN
Phone5189808100PhoneNum
Preparation2023-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK N EAGANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1FIVE COMPUTER DRIVE SOUTHAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,283,587GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CEG.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1987FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,825,485PYContributionsGrantsAmt
CY Contributions Grants$971,503CYContributionsGrantsAmt
PY Program Service Revenue$396,476PYProgramServiceRevenueAmt
CY Program Service Revenue$298,648CYProgramServiceRevenueAmt
PY Investment Income$90PYInvestmentIncomeAmt
CY Investment Income$635CYInvestmentIncomeAmt
PY Other Revenue$43,950PYOtherRevenueAmt
CY Other Revenue$12,801CYOtherRevenueAmt
PY Total Revenue$2,266,001PYTotalRevenueAmt
CY Total Revenue$1,283,587CYTotalRevenueAmt
PY Grants And Similar Paid$418,151PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$376,841CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$703,778PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,051,100PYOtherExpensesAmt
CY Other Expenses$1,088,515CYOtherExpensesAmt
PY Total Expenses$2,173,029PYTotalExpensesAmt
CY Total Expenses$1,465,356CYTotalExpensesAmt
PY Revenues Less Expenses$92,972PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$181,769CYRevenuesLessExpensesAmt
Total Assets BOY$2,002,118TotalAssetsBOYAmt
Total Assets EOY$1,845,501TotalAssetsEOYAmt
Total Liabilities BOY$413,561TotalLiabilitiesBOYAmt
Total Liabilities EOY$438,713TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,588,557NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,406,788NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT INITIATIVES PROVIDES CAPITAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES CEG'S SALES CALLS, TRADE SHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS PRESERVATION AND PROMTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKNG AT LOCAL, COUNTY AND STATE LEVEL TO EXPAND SERVICE-SHARING, ELIMINATE DUPLICATION AND STREAMLINE SERVICES AT ALL LEVELS OF GOVERNMENT TO ENCOURAGE SMART GROWTH THROUGH THE DEVELOPMENT OF COMPREHENSIVE PLANS AND BY PROVIDING THE TOOLS, INFORMATION AND EDUCATION THAT WILL ALLOW FOR SUSTAINABLE COMMUNITIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$902,630ExpenseAmt
Grant$49,304GrantAmt
Revenue$143,248RevenueAmt
DescBUSINESS GROWTH SOLUTIONS (BGS) - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPPORTED BY NEW YORK STATES NYSTAR PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNICAL ASSISTANCE ACROSS A BROAD BASE OF MANUFACTURING AND TECHNOLOGY SECTORS. THIS DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$504,624ExpenseAmt
Grant$327,537GrantAmt
Revenue$155,400RevenueAmt
DescPEOPLE/WORKFORCE DEVELOPMENT - WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO LOCAL COMPANIES NEEDS, ATTRACT NEW WORKERS, AND PREPARE OUR YOUTH FOR FUTURE JOBS. CEG'S PRIMARY FOCUS IS IN MANUFACTURING AND TECHNOLOGY BASED JOBS FOR BOTH SKILLED WORKFORCE, HIGH TECH JOBS, AND MANAGEMENT. CEG IS FUNDED BY BOTH REGIONAL COUNTY WORKFORCE INVESTMENT BOARDS (WIBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY).Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,407,254TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHRISTINE HOLLEPersonNm
Phone5184311416PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1FIVE COMPUTER DRIVE SOUTHAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JOHN BENNETT MD
CHAIR1.00Yes (X)Yes (X)$0$0$0
LAURA POLTYNSKI
SECRETARY/TR1.00Yes (X)Yes (X)$0$0$0
DAVID DEMARCO
DIRECTOR1.00Yes (X)$0$0$0
RICHARD HENDRICK
DIRECTOR1.00Yes (X)$0$0$0
ROGER RAMSAMMY PHD
DIRECTOR1.00Yes (X)$0$0$0
MARK N EAGAN
PRESIDENT &1.00Yes (X)$0$404,076$51,09544.00
CHRISTINE A HOLLE
VP, FINANCE4.00Yes (X)$0$120,658$10,28541.00
THOMAS J BELL
PROJ. DIRECT40.00$0$113,018$9,2510.00Yes (X)
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$637,752TotReportableCompRltdOrgAmt
Total Other Compensation$70,631TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$813,472GovernmentGrantsAmt
All Other Contributions$158,031AllOtherContributionsAmt
Total Contributions$971,503TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
WORKFORCE DEVEL. & EDUCATION541900$155,400$155,400
BUSINESS GROWTH SOLUTIONS541900$143,248$143,248
FieldValueIRS element (for citing)
Total Program Service Revenue$298,648TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$635TotalRevenueColumnAmt
Related Or Exempt Func Income$635RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Business900099BusinessCd
Total Revenue Column$12,801TotalRevenueColumnAmt
Related Or Exempt Func Income$12,801RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$12,801OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,283,587TotalRevenueColumnAmt
Related Or Exempt Func Income$312,084RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$376,841TotalAmt
Program Services$376,841ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,415TotalAmt
Program Services$5,250ProgramServicesAmt
Management And General$165ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$25,593TotalAmt
Program Services$25,593ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$35,583TotalAmt
Program Services$35,583ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$14,400TotalAmt
Program Services$12,706ProgramServicesAmt
Management And General$1,694ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$29,508TotalAmt
Program Services$29,508ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,505TotalAmt
Program Services$6,472ProgramServicesAmt
Management And General$33ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$21,743TotalAmt
Program Services$21,743ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,628TotalAmt
Management And General$3,628ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,388TotalAmt
Program Services$5,388ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescSHARED SERVICESDesc
Total$940,752TotalAmt
Program Services$888,170ProgramServicesAmt
Management And General$52,582ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,465,356TotalAmt
Program Services$1,407,254ProgramServicesAmt
Management And General$58,102ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$269,960BOYAmt
EOY$127,291EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$197,827BOYAmt
EOY$144,200EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$378,321BOYAmt
EOY$416,891EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$74,204BOYAmt
EOY$45,397EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
EOY$12,084EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$660,768LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$641,197LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$23,199BOYAmt
EOY$19,571EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,058,107BOYAmt
EOY$1,080,067EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,002,118BOYAmt
EOY$1,845,501EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$252,825BOYAmt
EOY$207,833EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$115,806BOYAmt
EOY$130,806EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$44,930BOYAmt
EOY$100,074EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$413,561BOYAmt
EOY$438,713EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,588,557BOYAmt
EOY$1,406,788EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,588,557BOYAmt
EOY$1,406,788EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,002,118BOYAmt
EOY$1,845,501EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$181,769ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$657,400CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$640,613CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$810,331CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,825,485CurrentTaxYearMinus1YearAmt
Current Tax Year$971,503CurrentTaxYearAmt
Total$4,905,332TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$657,400CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$640,613CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$810,331CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,825,485CurrentTaxYearMinus1YearAmt
Current Tax Year$971,503CurrentTaxYearAmt
Total$4,905,332TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$4,905,332PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$37,423CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$38,285CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$43,229CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$43,200CurrentTaxYearMinus1YearAmt
Total$162,137TotalAmt
FieldValueIRS element (for citing)
Total Support$5,067,469TotalSupportAmt
Gross Receipts Rltd Activities$1,243,766GrossReceiptsRltdActivitiesAmt
Public Support CY1700.96800PublicSupportCY170Pct
Public Support PY1700.96490PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationOTHER REVENUE 162,137ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$448,419OtherCostOrOtherBasisAmt
Depreciation$430,794DepreciationAmt
Book Value$17,625BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$212,349OtherCostOrOtherBasisAmt
Depreciation$210,403DepreciationAmt
Book Value$1,946BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$19,571TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescDUE FROM CEG OF THE CAPITAL REGION IDesc
Book Value$1,080,067BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,080,067TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO CAPITAL REGION CHAMBER, INC.Desc
Amt$100,074Amt
FieldValueIRS element (for citing)
Total Liability$100,074TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE CENTER FOR ECONOMIC GROWTH, INC. ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ADOPTION OF THIS STANDARD RESULTED IN NO UNCERTAIN TAX BENEFITS OR PROVISIONS IDENTIFIED AND RECORDED AS A LIABILITY OR ASSET. THE CENTER BELIEVES THAT THERE ARE NO TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE CENTER'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE OR STATE TAX AUTHORITIES.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Cash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
GLOBAL FOUNDRIES US INC
$170,600PASS THROUGH
NURAVINE LLC
$35,000PASS THROUGH
JENKS MACHINE & TOOL CO INC
$10,000PASS THROUGH
ESPEY MFG & ELECTRONICS CORP
$7,500PASS THROUGH
MULTI-CRAFT APPRENTICESHIP PREP PRO
$135,000PASS THROUGH
CEG OF THE CAPITAL REGION
$14,304SUPPLY CHAIN ASSESS

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMARK N EAGANPersonNm
TitlePRESIDENT & CEOTitleTxt
Compensation Based On Rltd Orgs$373,223CompensationBasedOnRltdOrgsAmt
Bonus Related Organizations$30,853BonusRelatedOrganizationsAmt
Deferred Comp Rltd Orgs$23,200DeferredCompRltdOrgsAmt
Nontaxable Benefits Rltd Orgs$27,895NontaxableBenefitsRltdOrgsAmt
Total Compensation Rltd Orgs$455,171TotalCompensationRltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT INITIATIVES PROVIDES CAPITAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES CEG'S SALES CALLS, TRADE SHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS PRESERVATION AND PROMTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKNG AT LOCAL, COUNTY AND STATE LEVEL TO EXPAND SERVICE-SHARING, ELIMINATE DUPLICATION AND STREAMLINE SERVICES AT ALL LEVELS OF GOVERNMENT TO ENCOURAGE SMART GROWTH THROUGH THE DEVELOPMENT OF COMPREHENSIVE PLANS AND BY PROVIDING THE TOOLS, INFORMATION AND EDUCATION THAT WILL ALLOW FOR SUSTAINABLE COMMUNITIES.
FORM 990, PAGE 2, PART III, LINE 4ABUSINESS GROWTH SOLUTIONS (BGS) - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPPORTED BY NEW YORK STATES NYSTAR PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNICAL ASSISTANCE ACROSS A BROAD BASE OF MANUFACTURING AND TECHNOLOGY SECTORS. THIS DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE.
FORM 990, PAGE 6, PART VI, LINE 6DESCRIPTION OF MEMBERSHIP: MEMBERSHIP IS OPEN TO BUSINESSES, NOT-FOR- PROFITS, AND GOVERNMENTAL ORGANIZATIONS IN NEW YORK'S CAPITAL REGION. THE CENTER AIMS TO BRING TOGETHER LEADING ORGANIZATIONS IN THE CAPITAL REGION TO EXPAND THE ECONOMY AND TO OFFER INFORMATION, EDUCATION AND TRAINING OPPORTUNITIES.
FORM 990, PAGE 6, PART VI, LINE 7AMEMBERS' POWERS TO APPOINT OR ELECT THE GOVERNING BODY MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE GENERAL MEMBERSHIP TO SERVE TWO-YEAR TERMS. THEY CAN SEEK RE-ELECTION AFTER A PERIOD OF ONE YEAR HAS ELAPSED FROM THE COMPLETION OF THEIR PREVIOUS TERM.
FORM 990, PAGE 6, PART VI, LINE 11BANNUAL RETURN REVIEW PROCEDURE: THE DRAFT FORM 990 IS CIRCULATED TO THE MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW AND APPROVAL PRIOR TO BEING FINALIZED AND FILED.
FORM 990, PAGE 6, PART VI, LINE 12CCONFLICT OF INTEREST POLICY AND PROCEDURES: EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY RELATIONSHIPS OR PARTNERSHIPS WITH BOARD MEMBERS, GENERAL MEMBERS, BUSINESS PARTNERS, ELECTED OFFICALS OR ANY INDIVIDUAL ORGANIZATION WHERE A POTENTIAL CONFLICT MAY EXIST. EMPLOYEES AND BOARD MEMBERS ARE POLLED ON AN ANNUAL BASIS TO ENSURE COMPLIANCE WITH THE POLICY.
FORM 990, PAGE 6, PART VI, LINE 15ATHE POLICY IS TO COMPENSATE THE CHIEF EXECUTIVE OFFICER BASED ON NATIONAL COMPARISONS. KEY EMPLOYEES ARE COMPENSATED BASED ON SIMILAR POSITIONS IN THE REGION. THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES PROVIDES PAYROLL COMPARISON AND IS A SOURCE THAT IS REVIEWED TO OBTAIN INFORMATION FOR COMPARISON.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
CEG OFTHE CAPITAL REGION
FIVE COMPUTER DRIVE SOUTHALBANYNY12205822369976ASSISTANCENY501C6N/Afalse
CAPITAL REGION CHAMBER OF COMMERCE
FIVE COMPUTER DRIVE SOUTHALBNAYNY12205474159612COMM PROSPNY501C6N/Afalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (true)LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CEG OF THE CAPITAL REGION INC
D$1,080,067
CAPITAL REGION CHAMBER OF COMMERCE
E$100,074
CAPITAL REGION CHAMBER OF COMMERCE
N$234,819ALLOC BASED ON STAFFING %
CAPITAL REGION CHAMBER OF COMMERCE
O$705,933ALLOC BASED ON STAFFING %

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