CENTER FOR ECONOMIC GROWTH: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: CENTER FOR ECONOMIC GROWTH (EIN 22-2880333)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-01
IRS object ID: 202103059349301615
Schema version: 2020v4.1
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
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-01T13:02:57-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	141567343	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MARVIN AND COMPANY PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 BRITISH AMERICAN BLVD	AddressLine1Txt
City	LATHAM	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	121101405	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	222880333	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CENTER FOR ECONOMIC GROWTH INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CENT	BusinessNameControlTxt
Phone	5184658975	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	41 STATE STREET NO 705	AddressLine1Txt
City	ALBANY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12207	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARK EAGAN	PersonNm
Person Title	PRESIDENT AND CEO	PersonTitleTxt
Phone	5184658975	PhoneNum
Signature	2021-10-22	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MARK	PersonFirstNm
Person Last	EAGAN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ALAN W CLINK CPA	PreparerPersonNm
PTIN	P01256785	PTIN
Phone	5187850134	PhoneNum
Preparation	2021-10-21	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	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARK EAGAN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	41 STATE STREET NO 705	AddressLine1Txt
City	ALBANY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12207	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,301,497	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.CEG.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1987	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	THE CENTER FOR ECONOMIC GROWTH (CEG) IS A PRIVATE, NOT-FOR-PROFIT, MEMBERSHIP-BASED ECONOMIC AND BUSINESS DEVELOPMENT ORGANIZATION COMMITTED TO VISIONARY REGIONAL ECONOMIC EXPANSION THROUGHOUT NEW YORK STATE'S CAPITAL REGION AND TECH VALLEY, A REGION OF MORE THAN 1.1 MILLION RESIDENTS. CEG IMPLEMENTS STRATEGIC INITIATIVES TO ENHANCE THE REGION'S COMPETITIVENESS BY ATTRACTING HIGH-TECH TALENT AND COMPANIES THROUGH SITE LOCATION AND ASSISTANCE WHILE PROVIDING INNOVATIVE SERVICES TO GROW LOCAL BUSINESSES AND PREPARE REGIONAL COMMUNITIES FOR FUTURE GROWTH.	ActivityOrMissionDesc
Voting Members Governing Body	3	VotingMembersGoverningBodyCnt
Voting Members Independent	0	VotingMembersIndependentCnt
Total Employee	17	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$640,613	PYContributionsGrantsAmt
CY Contributions Grants	$810,331	CYContributionsGrantsAmt
PY Program Service Revenue	$589,473	PYProgramServiceRevenueAmt
CY Program Service Revenue	$447,937	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$38,285	PYOtherRevenueAmt
CY Other Revenue	$43,229	CYOtherRevenueAmt
PY Total Revenue	$1,268,371	PYTotalRevenueAmt
CY Total Revenue	$1,301,497	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	$775,582	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$722,995	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$667,939	PYOtherExpensesAmt
CY Other Expenses	$386,301	CYOtherExpensesAmt
PY Total Expenses	$1,443,521	PYTotalExpensesAmt
CY Total Expenses	$1,109,296	CYTotalExpensesAmt
PY Revenues Less Expenses	-$175,150	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$192,201	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,116,712	TotalAssetsBOYAmt
Total Assets EOY	$1,829,466	TotalAssetsEOYAmt
Total Liabilities BOY	$1,641,060	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,161,613	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$524,348	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$332,147	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT VENTURE INITIATIVES PROVIDES CAPTIAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES CEG'S SALES CALLS, TRADESHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS PRESERVATION AND PROMOTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKING 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 Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$922,938	ExpenseAmt
Revenue	$339,030	RevenueAmt
Desc	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 SUPPORTED BY NEW YORK STATES NYSTAR PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUTE 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

Field	Value	IRS element (for citing)
Expense	$72,414	ExpenseAmt
Revenue	$89,407	RevenueAmt
Desc	WORKFORCE DEVELOPMENT AND EDUCATION - 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 ON 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), KEYBANK FOUNDATION AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY). CURRENT PROGRAMS INCLUDE THE PATHWAY PROGRAM IN WHICH CEG HAS PARTNERED WITH BOTH HUDSON VALLEY COMMUNITY COLLEGE (HVCC) AND SUNY SCHENECTADY (SC) TO DELIVER THE PATHWAYS TO MANUFACTURING BOOTCAMP AND THE CERTIFIED PRODUCTION TECHNICIAN PROGRAM AND MACNY INTERMEDIARY APPRENTICESHIP PROGRAM.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$61,178	ExpenseAmt
Revenue	$19,500	RevenueAmt
Desc	ENTREPRENEURSHIP - WITH STRONG MANAGEMENT, RESEARCH, AND TECHNICAL COLLEGES IN THE CAPITAL REGION (RENSSELAER POLYTECHNIC INSTITUTE, UNIVERSITY AT ALBANY, UNION-CLARKSON, ETC.), THE CAPITAL REGION HAS BEEN KNOWN FOR ITS TECHNOLOGY ENTREPRENEURS AND STARTUP SUCCESSES. CEG HAS BEEN AT THE HEART OF MANY OF THESE SUCCESSES FOR OVER 30 YEARS. CEG INITIATES COLLABORATION WITH REGIONAL BUSINESSES, INSTITUTIONS, INCUBATORS, UNIVERSITIES AND INVESTORS TOWARDS DEVELOPING A GAP-FREE ENTREPRENEURSHIP PIPELINE TO SUPPORT OUR LOCAL ENTREPRENEURSHIP ECOSYSTEM. CEG'S BGS PROGRAM REVENUES PROVIDE THE PRIMARY SUPPORT FOR THIS PROGRAM AS WELL AS STATE LEGISLATIVE FUNDS, REGIONAL INNOVATION HOTSPOT (INNOVATE518) AND THE KEYBANK FOUNDATION. THESE PROGRAMS SUPPORT OUR EFFORTS TO COACH STARTUPS AND CONNECT THEM WITH INVESTORS THROUGH THE VENTUREB PROGRAM, SUPPORT MWBE ENTERPRISES THROUGH THE KEYBANK BUSINESS BOOST AND BUILDING PROGRAM, AND SPONSORSHIP OF THE TECH VALLEY CENTER OF GRAVITY PROTOTYPING CENTER AND MANUFACTURING INCUBATOR.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Revenue	$43,229	RevenueAmt

Field	Value	IRS element (for citing)
Total Other Prog Srvc Revenue	$43,229	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$1,056,530	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	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	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	Yes (1)	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	9	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	17	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
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	3	GoverningBodyVotingMembersCnt
Independent Voting Member	0	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	0	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	Yes (1)	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	MARK EAGAN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5184658975	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	41 STATE STREET SUITE 705	AddressLine1Txt
City	ALBANY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12207	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
THOMAS L AMELL
EXECUTIVE VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL J HICKEY
PAST CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
ANDREW KENNEDY
PRESIDENT & CEO	40.00	Yes (X)	Yes (X)	$0	$149,513	$12,477

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$149,513	TotReportableCompRltdOrgAmt
Total Other Compensation	$12,477	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RELAY INTEGRATED LOGISTICS & SOLUTIONS	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	37 SHAKER BAY RD	AddressLine1Txt
City	LATHAM	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12110	ZIPCd

Field	Value	IRS element (for citing)
Services	FEE FOR SERVICE CONSULTING	ServicesDesc
Compensation	$149,018	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$810,331	GovernmentGrantsAmt
Total Contributions	$810,331	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	CONSULTING	Desc
Business	541900	BusinessCd
Total Revenue Column	$447,937	TotalRevenueColumnAmt
Related Or Exempt Func Income	$447,937	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$447,937	TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$43,229	TotalRevenueColumnAmt
Related Or Exempt Func Income	$43,229	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$43,229	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,301,497	TotalRevenueColumnAmt
Related Or Exempt Func Income	$491,166	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$596,065	TotalAmt
Program Services	$596,065	ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$29,651	TotalAmt
Program Services	$29,651	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$52,767	TotalAmt
Program Services	$52,767	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$44,512	TotalAmt
Program Services	$44,512	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$3,080	TotalAmt
Program Services	$3,080	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,131	TotalAmt
Program Services	$1,965	ProgramServicesAmt
Management And General	$166	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$2,595	TotalAmt
Program Services	$2,595	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$21,097	TotalAmt
Program Services	$5,284	ProgramServicesAmt
Management And General	$15,813	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$15,177	TotalAmt
Management And General	$15,177	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
CONSULTANTS AND PROFESS	$290,692	$269,801	$20,891
EVENTS & SPONSORSHIPS	$41,299	$41,299
DUES AND SUBSCRIPTIONS	$6,122	$6,122
BAD DEBT	$2,000	$2,000

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,108	TotalAmt
Program Services	$1,389	ProgramServicesAmt
Management And General	$719	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,109,296	TotalAmt
Program Services	$1,056,530	ProgramServicesAmt
Management And General	$52,766	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$189,243	BOYAmt
EOY	$64,041	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$30,160	BOYAmt
EOY	$210,209	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$153,533	BOYAmt
EOY	$335,745	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$19,976	BOYAmt
EOY	$70,570	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$660,768	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$630,278	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$41,255	BOYAmt
EOY	$30,490	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$682,545	BOYAmt
EOY	$1,118,411	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,116,712	BOYAmt
EOY	$1,829,466	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$17,239	BOYAmt
EOY	$25,741	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$86,740	BOYAmt
EOY	$140,105	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$254,469	BOYAmt
EOY	$168,035	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,282,612	BOYAmt
EOY	$1,827,732	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,641,060	BOYAmt
EOY	$2,161,613	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	-$524,348	BOYAmt
EOY	-$332,147	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$524,348	BOYAmt
EOY	-$332,147	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,116,712	BOYAmt
EOY	$1,829,466	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$192,201	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
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)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

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	$1,603,600	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,761,935	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$657,400	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$640,613	CurrentTaxYearMinus1YearAmt
Current Tax Year	$810,331	CurrentTaxYearAmt
Total	$5,473,879	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,603,600	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,761,935	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$657,400	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$640,613	CurrentTaxYearMinus1YearAmt
Current Tax Year	$810,331	CurrentTaxYearAmt
Total	$5,473,879	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$5,473,879	PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$45,206	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$37,423	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$38,285	CurrentTaxYearMinus1YearAmt
Current Tax Year	$43,229	CurrentTaxYearAmt
Total	$164,143	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$5,638,022	TotalSupportAmt
Public Support CY170	0.97090	PublicSupportCY170Pct
Public Support PY170	0.98310	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	OTHER - 2017 AMOUNT: $ 45,206. 2018 AMOUNT: $ 37,423. 2019 AMOUNT: $ 38,285. 2020 AMOUNT: $ 43,229.	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

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$448,419	OtherCostOrOtherBasisAmt
Depreciation	$423,135	DepreciationAmt
Book Value	$25,284	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$212,349	OtherCostOrOtherBasisAmt
Depreciation	$207,143	DepreciationAmt
Book Value	$5,206	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$30,490	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	DUE FROM CEG OF THE CAPITAL REGION, INC.	Desc
Book Value	$1,118,411	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$1,118,411	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DUE TO CEG OF THE CAPITAL REGION, INC.	Desc
Amt	$1,827,732	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,827,732	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	CEG OF THE CAPITAL REGION, INC. IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CENTER FOR ECONOMIC GROWTH, INC. IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CEG OF THE CAPITAL REGION, INC. MAY BE SUBJECT TO INCOME TAXES RELATED TO UNRELATED BUSINESS INCOME, IF ANY. UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE THEIR TAX-EXEMPT STATUS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
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	ANDREW KENNEDY	PersonNm
Title	PRESIDENT & CEO	TitleTxt
Base Compensation Filing Org	$0	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$121,875	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$25,000	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$2,638	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$0	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$6,119	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$0	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$6,358	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$0	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$161,990	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	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, PART VI, SECTION A, 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, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY PROCEDURES: EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY RELATIONSHIPS OR PARTNERSHIPS WITH BOARD MEMBERS, GENERAL MEMBERS, BUSINESS PARTNERS, ELECTED OFFICIALS 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, PART VI, SECTION B, LINE 15	EXECUTIVE COMPENSATION PROCEDURES: EXECUTIVE COMMITTEE MEMBERS ACT AS SUB-COMMITTEE TO REVIEW COMPENSATION PACKAGE.
FORM 990, PART VI, SECTION C, LINE 19	AVAILABILITY TO THE PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CEG OF THE CAPITAL REGION INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	41 STATE STREET SUITE 705	AddressLine1Txt
City	ALBANY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	12207	ZIPCd

Field	Value	IRS element (for citing)
EIN	822369976	EIN
Primary Activities	ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES	PrimaryActivitiesTxt
Legal Domicile State	NY	LegalDomicileStateCd
Exempt Code Section	501(C)(6)	ExemptCodeSectionTxt
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
CEG OF THE CAPITAL REGION INC
O	$640,374	CASH
CEG OF THE CAPITAL REGION INC
N	$0	DID NOT EXCEED $50,000