CENTER FOR ECONOMIC GROWTH: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CENTER FOR ECONOMIC GROWTH (EIN 22-2880333)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-09-29
IRS object ID
202522729349300627
Schema version
2024v5.2
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)
Return2025-09-29T09:28:13-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141555429PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1UHY ADVISORS NORTHEAST INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14 TOWER PLACE EXECUTIVE PARK 7THAddressLine1Txt
Address Line2FLOORAddressLine2Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12203ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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 Line15 COMPUTER DR SAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK N EAGANPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone5184311416PhoneNum
Signature2025-09-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonF MICHAEL ZOVISTOSKIPreparerPersonNm
PTINP00547760PTIN
Phone5184493166PhoneNum
Preparation2025-09-12PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK N EAGANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15 COMPUTER DR SAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,456,973GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CEG.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1987FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTECHNICAL 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.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$943,685PYContributionsGrantsAmt
CY Contributions Grants$846,907CYContributionsGrantsAmt
PY Program Service Revenue$352,548PYProgramServiceRevenueAmt
CY Program Service Revenue$562,577CYProgramServiceRevenueAmt
PY Investment Income$548PYInvestmentIncomeAmt
CY Investment Income$26CYInvestmentIncomeAmt
PY Other Revenue$21,578PYOtherRevenueAmt
CY Other Revenue$47,463CYOtherRevenueAmt
PY Total Revenue$1,318,359PYTotalRevenueAmt
CY Total Revenue$1,456,973CYTotalRevenueAmt
PY Grants And Similar Paid$142,048PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$190,914CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,317,365PYOtherExpensesAmt
CY Other Expenses$1,471,464CYOtherExpensesAmt
PY Total Expenses$1,459,413PYTotalExpensesAmt
CY Total Expenses$1,662,378CYTotalExpensesAmt
PY Revenues Less Expenses-$141,054PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$205,405CYRevenuesLessExpensesAmt
Total Assets BOY$1,545,948TotalAssetsBOYAmt
Total Assets EOY$1,334,669TotalAssetsEOYAmt
Total Liabilities BOY$280,214TotalLiabilitiesBOYAmt
Total Liabilities EOY$274,340TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,265,734NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,060,329NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPROVIDE CUSTOMIZED STRATEGIES TO SMALL-TO-MIDDLE SIZED COMPANIES IN THE MANUFACTURING TECHNOLOGY SECTORS TO IMPROVE PRODUCTIVITY, INCREASE SALES, REDUCE COSTS, LAUNCH NEW PRODUCTS AND GROW THEIR BOTTOM LINE. IN ADDITION, WE ENGAGE IN A VARIETY OF INITIATIVES TO DEVELOP A SKILLED WORKFORCE TO SERVE THE REGION'S EMPLOYER COMMUNITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,128,393ExpenseAmt
Revenue$336,212RevenueAmt
DescMANUFACTURING SOLUTIONS - 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 NYSTART 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 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$456,943ExpenseAmt
Grant$190,914GrantAmt
Revenue$273,828RevenueAmt
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 DEVELOPMENT BOARDS (WDBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY).Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,585,336TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
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 Line15 COMPUTER DR SAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DAVID DEMARCO
DIRECTOR1.00Yes (X)$0$0$0
BRIAN O'GRADY
DIRECTOR1.00Yes (X)$0$0$0
FRAN O'ROURKE
DIRECTOR1.00Yes (X)$0$0$0
STEPHEN OBERMAYER
CHAIR1.00Yes (X)$0$0$0Yes (X)
KIMBERLY IRELAND
TREASURER/SECRETARY1.00Yes (X)$0$0$0Yes (X)
MARK EAGAN
PRESIDENT & CEO2.00$17,483$419,585$85,598Yes (X)43.00
CHRISTINE HOLLE
VP, FINANCE & OPERATIONS6.00$19,401$119,176$11,907Yes (X)39.00
KATHERINE JN BELMONT
CHIEF ECONOMIC DEVELOPMENT7.00$27,005$153,026$24,54638.00Yes (X)
THOMAS BELL
PROJECT DIRECTOR, TECHNOLOGY SERVICES40.00$117,640$0$9,236Yes (X)
DON WIESENFORTH
SENIOR VICE PRESIDENT, CEG40.00$134,828$0$11,612Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$316,357TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$691,787TotReportableCompRltdOrgAmt
Total Other Compensation$142,899TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$584,999GovernmentGrantsAmt
All Other Contributions$261,908AllOtherContributionsAmt
Total Contributions$846,907TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MANUFACTURING SOLUTION541900$334,799$334,799
WORKFORCE DEVEL & EDUC541900$227,778$227,778
FieldValueIRS element (for citing)
Total Program Service Revenue$562,577TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$26TotalRevenueColumnAmt
Exclusion$26ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescSPONSORSHIP REVENUEDesc
Business900099BusinessCd
Total Revenue Column$47,463TotalRevenueColumnAmt
Exclusion$47,463ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$47,463OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,456,973TotalRevenueColumnAmt
Related Or Exempt Func Income$562,577RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$47,489ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$190,914TotalAmt
Program Services$190,914ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$50TotalAmt
Program Services$50ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$240,739TotalAmt
Program Services$239,789ProgramServicesAmt
Management And General$950ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$10,250TotalAmt
Program Services$10,105ProgramServicesAmt
Management And General$145ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$10,529TotalAmt
Program Services$8,456ProgramServicesAmt
Management And General$2,073ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$35,556TotalAmt
Program Services$33,432ProgramServicesAmt
Management And General$2,124ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,966TotalAmt
Program Services$7,921ProgramServicesAmt
Management And General$45ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,308TotalAmt
Program Services$5,186ProgramServicesAmt
Management And General$122ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,088TotalAmt
Program Services$16,872ProgramServicesAmt
Management And General$216ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,939TotalAmt
Program Services$4,754ProgramServicesAmt
Management And General$185ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SHARED SERVICES$1,092,359$1,038,265$54,094
PROGRAM EXPENSE$44,618$27,530$17,088
BAD DEBT$2,062$2,062

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,662,378TotalAmt
Program Services$1,585,336ProgramServicesAmt
Management And General$77,042ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$285,928BOYAmt
EOY$324,755EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$375,403BOYAmt
EOY$294,447EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$333,780BOYAmt
EOY$361,225EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$61,031BOYAmt
EOY$85,560EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,004BOYAmt
EOY$12,463EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$658,969LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$658,636LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$17,422BOYAmt
EOY$333EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$454,380BOYAmt
EOY$255,886EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,545,948BOYAmt
EOY$1,334,669EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$47,314BOYAmt
EOY$99,099EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$66,333BOYAmt
EOY$78,616EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$166,567BOYAmt
EOY$96,625EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$280,214BOYAmt
EOY$274,340EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,265,734BOYAmt
EOY$1,060,329EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,265,734BOYAmt
EOY$1,060,329EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,545,948BOYAmt
EOY$1,334,669EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$205,405ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

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$810,331CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,825,485CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$971,503CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$943,685CurrentTaxYearMinus1YearAmt
Current Tax Year$846,907CurrentTaxYearAmt
Total$5,397,911TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$810,331CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,825,485CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$971,503CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$943,685CurrentTaxYearMinus1YearAmt
Current Tax Year$846,907CurrentTaxYearAmt
Total$5,397,911TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$5,397,911PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$548CurrentTaxYearMinus1YearAmt
Current Tax Year$26CurrentTaxYearAmt
Total$574TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$43,229CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$43,200CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$21,578CurrentTaxYearMinus1YearAmt
Current Tax Year$47,463CurrentTaxYearAmt
Total$155,470TotalAmt
FieldValueIRS element (for citing)
Total Support$5,553,955TotalSupportAmt
Gross Receipts Rltd Activities$915,125GrossReceiptsRltdActivitiesAmt
Public Support CY1700.97190PublicSupportCY170Pct
Public Support PY1700.97250PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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$446,620OtherCostOrOtherBasisAmt
Depreciation$446,287DepreciationAmt
Book Value$333BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$212,349OtherCostOrOtherBasisAmt
Depreciation$212,349DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$333TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescDUE FROM CEG OF THE CAPITAL REGION IDesc
Book Value$255,886BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$255,886TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO CAPITAL REGION CHAMBER, INC.Desc
Amt$96,625Amt
FieldValueIRS element (for citing)
Total Liability$96,625TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE CENTER FOR ECONOMIC GROWTH, IN.C 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 BENEFTS 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 (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtIRC SectionIRCSectionDesc
GLOBAL FOUNDRIES US INC
400 STONE BREAK RD EXTENSIONMALTANY12020263122131$44,544$0AEG - 2 FINAL VOUCHER; DOL WORKFORCE GRANT; NATIONAL INSTITUTE FOR INDUSTRY AND CAREER ADVANCEMENT (NIICA) APPRENTICESHIP GRANT
NY CREATES
257 FULLER RDALBANYNY12203844046818$5,370$0NATIONAL INSTITUTE FOR INDUSTRY AND CAREER ADVANCEMENT (NIICA) APPRENTICESHIP GRANT501(C)(3)
MULTI-CRAFT APPRENTICESHIP PREPARATION PROGRAM (MAPP)
40 HUMBOLDT STREET SUITE 112ROCHESTERNY14609854268643$135,000$0UPPER HUDSON WORKFORCE FUND TRAINING SERVICES; FUNDED BY SUNRISE WIND LLC (ORSTED)501(C)(3)
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARK EAGAN
PRESIDENT & CEO$15,981$383,538$1,502$36,047$0$0$1,104$26,496$2,320$55,678$20,907$501,759$0$0
KATHERINE JN BELMONT
CHIEF ECONOMIC DEVELOPMENT$27,005$153,026$0$0$0$0$1,787$10,127$1,895$10,737$30,687$173,890$0$0
CHRISTINE HOLLE
VP, FINANCE & OPERATIONS$19,401$119,176$0$0$0$0$1,447$8,886$220$1,354$21,068$129,416$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, 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, PART VI, SECTION A, 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, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 12CCONFLICT 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 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, PART VI, SECTION C, LINE 19THE ORGANIZAITON MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBMIC UPON REQUEST.
FORM 990, PART IX, LINE 11GOTHER FEES: PROGRAM SERVICE EXPENSES 239,789. MANAGEMENT AND GENERAL EXPENSES 950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 240,739.

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 OF THE CAPITAL REGION
FIVE COMPUTER DRIVE SOUTHALBANYNY12205822369976ASSISTANCENY501(C)(6)N/A0
CAPITAL REGION CHAMBER OF COMMERCE
FIVE COMPUTER DRIVE SOUTHALBANYNY12205474159612COMM PROSPNY501(C)(6)N/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CEG OF THE CAPITAL REGION INC
D$255,886
CAPITAL REGION CHAMBER OF COMMERCE
E$96,625
CAPITAL REGION CHAMBER OF COMMERCE
N$218,739ALLOC BASED ON STAFFING %
CAPITAL REGION CHAMBER OF COMMERCE
O$873,621ALLOC BASED ON STAFFING %

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