2019-11-15T12:23:23-06:00 2018-12-31 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2018-01-01 222880333 CENTER FOR ECONOMIC GROWTH INC CENT 5184658975 41 STATE STREET NO 705 ALBANY NY 12207 ANDREW S KENNEDY PRESIDENT AND CEO 5184658975 2019-11-14 1 ALAN W CLINK CPA P01256785 5187850134 2019-11-14 24.213.243.34 2019-11-14 19:05:10 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BBD80635F31B897D50CC992ACED00F0A233F160E 2018 2020-04-17 16:48:07Z ANDREW S KENNEDY 41 STATE STREET NO 705 ALBANY NY 12207 1376534 0 X WWW.CEG.ORG X 1987 NY 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. 3 0 16 0 0 0 1596414 657400 668826 681711 0 0 0 37423 2265240 1376534 0 0 0 0 1408893 754698 0 0 6017 1179739 616659 2588632 1371357 -323392 5177 576488 641462 930863 990660 -354375 -349198 X 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. 0 0 968059 409777 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 THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON THE PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNICAL ASSISTANCE ACROSS A BROAD BASE OF MANUFACTURING AND TECHNOLOGY SECTORS. THESE DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE. 149300 175000 WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO LOCAL COMPANIES NEEDS, ATTRACT NEW WORKERS, AND PREPARE OUR YOUTH FOR FUTURE JOBS. CEG'S PRIMARY FOCUS IS IN MANUFACTURING AND TECHNOLOGY BASED JOBS FOR BOTH SKILLED WORKFORCE, HIGH TECH JOBS, AND MANAGEMENT. CEG IS FUNDED BY BOTH REGIONAL COUNTY WORKFORCE INVESTMENT BOARDS (WIBS), KEYBANK FOUNDATION AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY). CURRENT PROGRAMS INCLUDE; 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. 89529 63034 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. 6930 33900 6930 33900 1213818 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ANDREW S KENNEDY 5184658975 41 STATE STREET SUITE 705 ALBANY NY 12207 THOMAS L AMELL EXECUTIVE VICE CHAIR 1.00 X X 0 0 0 MICHAEL J HICKEY PAST CHAIR 1.00 X X 0 0 0 ANDREW KENNEDY PRESIDENT & CEO 40.00 X X 0 205700 10938 0 205700 10938 0 0 1 0 0 33299 624101 657400 CONSULTING 541900 681711 681711 681711 OTHER REVENUE 900099 37423 37423 37423 1376534 719134 0 0 X 620251 620251 28905 28905 54521 54521 51021 51021 327361 277424 49937 34746 34746 12501 6564 5937 35900 35900 19588 19198 390 14598 14598 12420 12420 EVENTS & SPONSORSHIPS 104084 104084 INTEREST, BANK AND PAYR 41176 10540 25009 5627 BAD DEBTS 5985 5985 DUES AND SUBSCRIPTIONS 4825 4825 3475 1739 1736 1371357 1213818 151522 6017 39693 83329 167440 80146 226899 161718 82036 64245 666094 616576 60420 49518 0 202506 576488 641462 238101 55883 19486 2209 334535 319182 338741 613386 930863 990660 X -354375 -349198 -354375 -349198 576488 641462 5177 0 X 0 1 X 1 0 X 1998967 2386375 1603600 1761935 657400 8408277 1998967 2386375 1603600 1761935 657400 8408277 8408277 45206 37423 82629 8490906 0.99030 0.99530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2017 AMOUNT: $ 45,206. 2018 AMOUNT: $ 37,423. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13611 13611 0 439569 399357 40212 212914 203608 9306 49518 DUE FROM CEG OF THE CAPITAL REGION, INC. 202506 202506 DUE TO CEG OF THE CAPITAL REGION, INC. 613386 613386 X PART X, LINE 2: 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. IS SUBJECT TO INCOME TAXES TO THE EXTENT OF UNRELATED BUSINESS INCOME. CEG OF THE CAPITAL REGION, INC. PAYS FOR PARKING FOR EMPLOYEES AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON THE COSTS OF PROVIDING PARKING TO EMPLOYEES. 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. MANAGEMENT HAS RECORDED A LIABILITY OF APPROXIMATELY $3,200 FOR UNRELATED BUSINESS INCOME TAX. X X 0 0 0 0 0 0 0 0 0 ANDREW KENNEDY PRESIDENT & CEO 0 205700 0 0 0 0 0 9175 0 1763 0 216638 0 0 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 IX, LINE 11G CONSULTANTS AND PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 277,424. MANAGEMENT AND GENERAL EXPENSES 49,937. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 327,361. CEG OF THE CAPITAL REGION INC 41 STATE STREET SUITE 705 ALBANY NY 12207 822369976 ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES NY 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CEG OF THE CAPITAL REGION INC O 613386 CEG OF THE CAPITAL REGION INC N 0 DID NOT EXCEED $50,000