FULTON COUNTY CENTER FOR REGIONAL GROWTH INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- FULTON COUNTY CENTER FOR REGIONAL GROWTH INC (EIN 45-4919269)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-04-26
- IRS object ID
- 202241169349301129
- Schema version
- 2021v4.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-26T11:02:08-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 141662664 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEST & COMPANY CPAS PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1219 | AddressLine1Txt |
| City | GLOVERSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 120780354 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454919269 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FULTON COUNTY CENTER FOR REGIONAL | BusinessNameLine1Txt |
| Business Name Line2 | GROWTH | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FULT | BusinessNameControlTxt |
| Phone | 5187257700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 34 WEST FULTON ST | AddressLine1Txt |
| City | GLOVERSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12078 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RONALD PETERS | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 5187628700 | PhoneNum |
| Signature | 2022-03-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RONALD | PersonFirstNm |
| Person Last | PETERS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL W ROSSI | PreparerPersonNm |
| PTIN | P00326218 | PTIN |
| Phone | 5187257127 | PhoneNum |
| Preparation | 2022-04-26 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RONALD PETERS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 34 WEST FULTON ST | AddressLine1Txt |
| City | GLOVERSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12078 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $882,163 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FCCRG.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO STRENGTHEN OUR ECONOMIC BASE, FACILITATE SUSTAINABLE GROWTH, ENHANCE THE COMPETITIVE POSITION OF OUR REGION, ITS COUNTIES, TOWNS AND CITIES AND FACILITATE INVESTMENTS THAT BUILD CAPACITY ,CREATE JOBS, IMPROVE QUALITY OF LIFE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $574,684 | PYContributionsGrantsAmt |
| CY Contributions Grants | $280,928 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $403,309 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $573,119 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $150,239 | PYOtherRevenueAmt |
| CY Other Revenue | $28,116 | CYOtherRevenueAmt |
| PY Total Revenue | $1,128,232 | PYTotalRevenueAmt |
| CY Total Revenue | $882,163 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $314,733 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $338,814 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $850,347 | PYOtherExpensesAmt |
| CY Other Expenses | $314,003 | CYOtherExpensesAmt |
| PY Total Expenses | $1,165,080 | PYTotalExpensesAmt |
| CY Total Expenses | $652,817 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$36,848 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $229,346 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,444,749 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,218,758 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $644,167 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $188,830 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $800,582 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,029,928 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO STRENGTHEN OUR ECONOMIC BASE, FACILITATE SUSTAINABLE GROWTH, ENHANCE THE COMPETITIVE POSITION OF OUR REGION, ITS COUNTIES, TOWNS AND CITIES AND FACILITATE INVESTMENTS THAT BUILD CAPACITY ,CREATE JOBS, IMPROVE QUALITY OF LIFE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $442,714 | ExpenseAmt |
| Desc | PROMOTING ECONOMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS AND PROJECTS INCLUDING REVOLVING LOAN POOLS, CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK, EMPIRE ZONE, INCUBATOR BUILDING, BUSINESS ASSISTANCE CENTER, AND ESTEE COMMONS APARTMENT COMPLEX. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $119,416 | ExpenseAmt |
| Desc | PROMOTING ECONOMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS AND PROJECTS INCLUDING REVOLVING LOAN POOLS, CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK, EMPIRE ZONE, INCUBATOR BUILDING, BUSINESS ASSISTANCE CENTER, AND ESTEE COMMONS APARTMENT COMPLEX. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $119,416 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $562,130 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 5 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RONALD PETERS | PersonNm |
| Phone | 5187257700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 34 WEST FULTON ST | AddressLine1Txt |
| City | GLOVERSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12078 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| RONALD PETERS | ||||||
| PRESIDENT/CE | 40.00 | Yes (X) | $115,809 | $0 | $0 | |
| TIMOTHY BECKETT | ||||||
| CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TERRI EASTERLY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GREGORY FAGAN | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DR LESLIE FORD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| KENT KIRCH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| TRAVIS MITCHELL | ||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GEOFFREY PECK | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GRANT PRESTON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRYAN TAYLOR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $115,809 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $280,928 | GovernmentGrantsAmt |
| Total Contributions | $280,928 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM INCOME | 900099 | $420,719 | $420,719 |
| ADMINISTRATIVE REVENUE | 900099 | $116,778 | $116,778 |
| DUES | 900099 | $34,329 | $34,329 |
| MANAGEMENT FEE INCOME (EDC) | $1,293 | $1,293 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $573,119 | TotalProgramServiceRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RENTAL INCOME | 900099 | $24,137 | $24,137 |
| MISCELLANEOUS | $2,979 | $2,979 | |
| CONTRIBUTIONS | $1,000 | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $28,116 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $882,163 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $601,235 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,599 | TotalAmt |
| Program Services | $115,809 | ProgramServicesAmt |
| Management And General | $5,790 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,404 | TotalAmt |
| Program Services | $127,398 | ProgramServicesAmt |
| Management And General | $30,006 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,811 | TotalAmt |
| Program Services | $52,137 | ProgramServicesAmt |
| Management And General | $7,674 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,201 | TotalAmt |
| Program Services | $13,201 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,152 | TotalAmt |
| Management And General | $20,152 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,665 | TotalAmt |
| Program Services | $158,665 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,997 | TotalAmt |
| Program Services | $12,499 | ProgramServicesAmt |
| Management And General | $12,498 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,252 | TotalAmt |
| Program Services | $74,021 | ProgramServicesAmt |
| Management And General | $8,231 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,008 | TotalAmt |
| Program Services | $3,607 | ProgramServicesAmt |
| Management And General | $401 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,586 | TotalAmt |
| Program Services | $4,793 | ProgramServicesAmt |
| Management And General | $4,793 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GENERAL AND ADMINISTRATIV | Desc |
| Total | $1,142 | TotalAmt |
| Management And General | $1,142 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $652,817 | TotalAmt |
| Program Services | $562,130 | ProgramServicesAmt |
| Management And General | $90,687 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $501,975 | BOYAmt |
| EOY | $665,145 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,461 | BOYAmt |
| EOY | $63,461 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $546,140 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,173 | BOYAmt |
| EOY | $42,343 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $13,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $355,615 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $70,048 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300,000 | BOYAmt |
| EOY | $285,567 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $149,242 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,444,749 | BOYAmt |
| EOY | $1,218,758 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,631 | BOYAmt |
| EOY | $3,868 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,482 | BOYAmt |
| EOY | $10,987 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $406,054 | BOYAmt |
| EOY | $173,975 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $644,167 | BOYAmt |
| EOY | $188,830 | 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 | $800,582 | BOYAmt |
| EOY | $1,029,928 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,582 | BOYAmt |
| EOY | $1,029,928 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,444,749 | BOYAmt |
| EOY | $1,218,758 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $229,346 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | 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 | $75,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $55,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $121,015 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $574,684 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $280,928 | CurrentTaxYearAmt |
| Total | $1,106,627 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $75,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $55,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $121,015 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $574,684 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $280,928 | CurrentTaxYearAmt |
| Total | $1,106,627 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,106,627 | PublicSupportTotal170Amt |
| Total Support | $1,106,627 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,613,973 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 1.00000 | PublicSupportCY170Pct |
| Public Support PY170 | 1.00000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROJECTS INVESTMENT PROPERTY | Desc |
| Book Value | $149,242 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $149,242 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| NOTES PAYABLE | $149,100 |
| OTHER LIABILITIES | $24,875 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $173,975 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $882,163 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $882,163 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $882,163 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $652,817 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $652,817 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $652,817 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION HAS BEEN GRANTED TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS OF NEW YORK STATE REGULATIONS. AS SUCH, THEY ARE EXEMPT FROM BOTH FEDERAL AND STATE INCOME TAX. THE ORGANIZATION FILES TAX EXEMPT INCOME TAX RETURNS IN ITS U.S. FEDERAL JURISDICTION AND NEW YORK STATE. THE ORGANIZATION'S RETURNS FOR ITS YEARS ENDED DECEMBER 31, 2019, 2020, AND 2021, ARE SUBJECT TO U.S. FEDERAL AND NEW YORK STATE INCOME TAX EXAMINATION BY TAX AUTHORITIES. THE ORGANIZATION FOLLOWS THE PROVISION OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN THE FASB ASC 740. THE ORGANIZATION HAS BEEN GRANTED TAX EXEMPT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE ACCEPTED UPON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT HAS DETERMINED THAT IT CURRENTLY HAS NO OTHER UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS TO REPORT FOR THE YEAR ENDED DECEMBER 31, 2021. THE PRIMARY INCOME TAX POSITION TAKEN BY THE ORGANIZATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE (1) THAT THE ORGANIZATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND (2) THAT THE ORGANIZATION DOES NOT HAVE UNRELATED BUSINESS INCOME THAT WOULD BE SUBJECT TO INCOME TAXES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | TO STRENGTHEN OUR ECONOMIC BASE, FACILITATE SUSTAINABLE GROWTH, ENHANCE THE COMPETITIVE POSITION OF OUR REGION, ITS COUNTIES, TOWNS AND CITIES AND FACILITATE INVESTMENTS THAT BUILD CAPACITY ,CREATE JOBS, IMPROVE QUALITY OF LIFE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS. |
| FORM 990, PAGE 2, PART III, LINE 4D | PROMOTING ECONOMIC DEVELOPMENT WITHIN FULTON COUNTY, NEW YORK THROUGH ADMINISTRATION OF CERTAIN GOVERNMENT GRANTS AND PROJECTS INCLUDING REVOLVING LOAN POOLS, CROSSROADS INDUSTRIAL PARK, JOHNSTOWN INDUSTRIAL PARK, CROSSROADS BUSINESS PARK, EMPIRE ZONE, INCUBATOR BUILDING, BUSINESS ASSISTANCE CENTER, AND ESTEE COMMONS APARTMENT COMPLEX. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERSHIP IS DRAWN FROM INDIVIDUALS AND ORGANIZATIONS INTERESTED IN THE INDUSTRIAL, COMMERICAL, AND ECONOMIC DEVELOPMENT OF THE FULTON COUNTY AREA IN NEW YORK. VOTING MEMBERS ARE ELECTED UPON APPLICATION BY A MAJORITY OF THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 7A | VOTING MEMBERS PARTICIPATE IN CORPORATE GOVERNANCE THROUGH VOTING FOR THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | ISSUES OF SIGNIFICANCE IMPACTING ON THE OVERALL GOVERNANCE REQUIRE APPROVAL OF THE GENERAL BODY OF MEMBERSHIP BEFORE CHANGES CAN BE MADE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE COMPLETED FORM 990 IS CIRCULATED FOR REVIEW, QUESTIONS AND COMMENTS TO MEMBERS OF THE BOARD PRIOR TO FINALIZATION FOR FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EXECUTIVE DIRECTOR AND BOARD ANNUALLY REVIEW AND MONITOR CONFLICTS OF INTEREST |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO SALARY IS SET BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS |
| FORM 990, PAGE 6, PART VI, LINE 19 | STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FULTON COUNTY ECONOMIC DEVELOPMENT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 DECKER DRIVE | AddressLine1Txt |
| City | JOHNSTOWN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12095 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 146039695 | EIN |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Exempt Code Section | 501 | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |