2023-11-13T15:40:38-05:00 2022-12-31 141731700 MICHAEL A TOBIN & ASSOC CPA'S PC 18 COMPUTER DRIVE EAST - SUITE 101 ALBANY NY 122051290 990 2022-01-01 222880333 CENTER FOR ECONOMIC GROWTH INC CENT 5184311416 FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 MARK N EAGAN PRESIDENT & CEO 5184658975 2023-11-13 MARK EAGAN 999009999 false MICHAEL A TOBIN II P00248170 5189808100 2023-11-13 2022 2023-04-26 12:10:37Z MARK N EAGAN FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 1283587 false X WWW.CEG.ORG X 1987 NY SEE SCHEDULE O 5 5 0 0 1825485 971503 396476 298648 90 635 43950 12801 2266001 1283587 418151 376841 0 703778 0 0 0 1051100 1088515 2173029 1465356 92972 -181769 2002118 1845501 413561 438713 1588557 1406788 X TECHNICAL 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. false false 902630 49304 143248 BUSINESS 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. 504624 327537 155400 PEOPLE/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). 1407254 true true false false false false false false false false true false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 4 0 true 0 false false false false false false false false false false false false false false X 5 5 false false false false true true false true true false false true true true true true true true false false NY X CHRISTINE HOLLE 5184311416 FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 JOHN BENNETT MD CHAIR 1.00 X X 0 0 0 LAURA POLTYNSKI SECRETARY/TR 1.00 X X 0 0 0 DAVID DEMARCO DIRECTOR 1.00 X 0 0 0 RICHARD HENDRICK DIRECTOR 1.00 X 0 0 0 ROGER RAMSAMMY PHD DIRECTOR 1.00 X 0 0 0 MARK N EAGAN PRESIDENT & 1.00 44.00 X 0 404076 51095 CHRISTINE A HOLLE VP, FINANCE 4.00 41.00 X 0 120658 10285 THOMAS J BELL PROJ. DIRECT 40.00 0.00 X 0 113018 9251 637752 70631 false true false 813472 158031 971503 WORKFORCE DEVEL. & EDUCATION 541900 155400 155400 BUSINESS GROWTH SOLUTIONS 541900 143248 143248 298648 635 635 OTHER REVENUE 900099 12801 12801 12801 1283587 312084 376841 376841 5415 5250 165 25593 25593 35583 35583 14400 12706 1694 29508 29508 6505 6472 33 21743 21743 3628 3628 5388 5388 SHARED SERVICES 940752 888170 52582 1465356 1407254 58102 0 269960 127291 197827 144200 378321 416891 74204 45397 500 12084 660768 641197 23199 19571 1058107 1080067 2002118 1845501 252825 207833 115806 130806 44930 100074 413561 438713 X 1588557 1406788 1588557 1406788 2002118 1845501 -181769 X false true X true false X 657400 640613 810331 1825485 971503 4905332 657400 640613 810331 1825485 971503 4905332 4905332 37423 38285 43229 43200 162137 5067469 1243766 0.96800 0.96490 X PART II, LINE 10 OTHER REVENUE 162,137 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 448419 430794 17625 212349 210403 1946 19571 DUE FROM CEG OF THE CAPITAL REGION I 1080067 1080067 DUE TO CAPITAL REGION CHAMBER, INC. 100074 100074 X SCHEDULE D, PAGE 3, PART X THE 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. true GLOBAL FOUNDRIES US INC 170600 PASS THROUGH NURAVINE LLC 35000 PASS THROUGH JENKS MACHINE & TOOL CO INC 10000 PASS THROUGH ESPEY MFG & ELECTRONICS CORP 7500 PASS THROUGH MULTI-CRAFT APPRENTICESHIP PREP PRO 135000 PASS THROUGH CEG OF THE CAPITAL REGION 14304 SUPPLY CHAIN ASSESS X X false false false false false false false false false MARK N EAGAN PRESIDENT & CEO 373223 30853 23200 27895 455171 FORM 990 - ORGANIZATION'S MISSION TECHNICAL 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 4A BUSINESS 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 6 DESCRIPTION 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 7A MEMBERS' 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 11B ANNUAL 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 12C CONFLICT 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 15A THE 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 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CEG OFTHE CAPITAL REGION FIVE COMPUTER DRIVE SOUTH ALBANY NY 12205 822369976 ASSISTANCE NY 501C6 N/A false CAPITAL REGION CHAMBER OF COMMERCE FIVE COMPUTER DRIVE SOUTH ALBNAY NY 12205 474159612 COMM PROSP NY 501C6 N/A false false false false true true false false false false false false false false true true false false false false CEG OF THE CAPITAL REGION INC D 1080067 CAPITAL REGION CHAMBER OF COMMERCE E 100074 CAPITAL REGION CHAMBER OF COMMERCE N 234819 ALLOC BASED ON STAFFING % CAPITAL REGION CHAMBER OF COMMERCE O 705933 ALLOC BASED ON STAFFING %