BETA

BINGHAMTON LOCAL DEVELOPMENT CORP: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BINGHAMTON LOCAL DEVELOPMENT CORP (EIN 22-2482535)
Tax period
2017-09-01 to 2018-08-31
Filed
2019-02-22
IRS object ID
201910539349300601
Schema version
2017v2.3
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)
Return2019-02-22T08:05:11-06:00ReturnTs
Tax Period End2018-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475324570PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1INSERO & CO CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1401 E STATE STREET SUITE 500AddressLine1Txt
CityITHACACityNm
State AbbreviationNYStateAbbreviationCd
ZIP14850ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222482535EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BINGHAMTON LOCAL DEVELOPMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBINGBusinessNameControlTxt
Phone6077727161PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CITY HALL - 4TH FLOORAddressLine1Txt
CityBINGHAMTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13901ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN SARACENOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6077727161PhoneNum
Signature2019-02-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDUANE SHOENPreparerPersonNm
PTINP00503316PTIN
Phone6072724444PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address98.159.211.134IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-02-20IPDt
IP Tm06:51:55IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdBCEACE9A735E692F06B05E4E410769C0F2EA83B4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN SARACENOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CITY HALL - 4TH FLOORAddressLine1Txt
CityBINGHAMTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13901ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$382,711GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CITYOFBINGHAMTON.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1982FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO FURTHER SUSTAINABLE ECONOMIC DEVELOPMENT IN THE CITY OF BINGHAMTON BY ATTRACTING NEW BUSINESS, RETAINING AND GROWING ESTABLISHED BUSINESS, BUILDING INDUSTRIAL AND COMMERCIAL CAPACITY, PROMOTING EMPLOYMENT, AND FOSTERING ENTREPRENEURSHIP AND INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$403,476PYContributionsGrantsAmt
CY Contributions Grants$290,235CYContributionsGrantsAmt
PY Program Service Revenue$41,812PYProgramServiceRevenueAmt
CY Program Service Revenue$91,104CYProgramServiceRevenueAmt
PY Investment Income$851PYInvestmentIncomeAmt
CY Investment Income$1,372CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$446,139PYTotalRevenueAmt
CY Total Revenue$382,711CYTotalRevenueAmt
PY Grants And Similar Paid$70,014PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$40,733CYGrantsAndSimilarPaidAmt
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$263,102PYOtherExpensesAmt
CY Other Expenses$267,895CYOtherExpensesAmt
PY Total Expenses$333,116PYTotalExpensesAmt
CY Total Expenses$308,628CYTotalExpensesAmt
PY Revenues Less Expenses$113,023PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$74,083CYRevenuesLessExpensesAmt
Total Assets BOY$3,826,138TotalAssetsBOYAmt
Total Assets EOY$3,845,123TotalAssetsEOYAmt
Total Liabilities BOY$113,156TotalLiabilitiesBOYAmt
Total Liabilities EOY$58,058TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,712,982NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,787,065NetAssetsOrFundBalancesEOYAmt
MissionTO FURTHER SUSTAINABLE ECONOMIC DEVELOPMENT IN THE CITY OF BINGHAMTON BY ATTRACTING NEW BUSINESS, RETAINING AND GROWING ESTABLISHED BUSINESS, BUILDING INDUSTRIAL AND COMMERCIAL CAPACITY, PROMOTING EMPLOYMENT, AND FOSTERING ENTREPRENEURSHIP AND INNOVATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$219,329ExpenseAmt
Grant$40,733GrantAmt
Revenue$91,104RevenueAmt
DescTO FURTHER SUSTAINABLE ECONOMIC DEVELOPMENT IN THE CITY OF BINGHAMTON BY ATTRACTING NEW BUSINESS, RETAINING AND GROWING ESTABLISHED BUSINESS, BUILDING INDUSTRIAL AND COMMERCIAL CAPACITY, PROMOTING EMPLOYMENT, AND FOSTERING ENTREPRENEURSHIP AND INNOVATION.Desc
Total Program Service Expenses$219,329TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
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 Required0ScheduleJRequiredInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
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 CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LESLEY CORNWALLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6077727161PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CITY HALL - 4TH FLOORAddressLine1Txt
CityBINGHAMTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13901ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
JOHN SARACENO
PRESIDENT/TREASURER1.00Yes (X)Yes (X)$0$0$0
KENNETH FRANK
DIRECTOR1.00Yes (X)$0$83,300$31,35139.00
CHRIS PAPASTRAT
DIRECTOR (PART YEAR)1.00Yes (X)$0$9,000$1,4134.00
RON SALL
SECRETARY1.00Yes (X)Yes (X)$0$0$0
ARTHUR SMITH
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
MARY JACYNA
DIRECTOR1.00Yes (X)$0$0$0
CLARENCE SHAGER
DIRECTOR/TREASURER1.00Yes (X)Yes (X)$0$84,820$30,67739.00
PER STROMHAUG
DIRECTOR1.00Yes (X)$0$0$0
RICHARD DAVID
DIRECTOR1.00Yes (X)$0$67,879$17,89439.00
JULIET BERLING
DIRECTOR1.00Yes (X)$0$49,828$25,75739.00
DANI CRONCE
DIRECTOR (PART YEAR)1.00Yes (X)$0$9,000$8034.00
BETSY KOFFMAN
DIRECTOR1.00Yes (X)$0$0$0
ROBERT MURPHY
EXECUTIVE DIRECTOR4.00Yes (X)$0$67,961$13,27036.00
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$371,788TotReportableCompRltdOrgAmt
Total Other Compensation$121,165TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$290,235GovernmentGrantsAmt
Total Contributions$290,235TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MISCELLANEOUS900099$61,484$61,484
LOAN INTEREST INCOME900099$29,620$29,620
FieldValueIRS element (for citing)
Total Program Service Revenue$91,104TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,372TotalRevenueColumnAmt
Exclusion$1,372ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$382,711TotalRevenueColumnAmt
Related Or Exempt Func Income$91,104RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,372ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$40,733TotalAmt
Program Services$40,733ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$15,858TotalAmt
Program Services$10,572ProgramServicesAmt
Management And General$5,286ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$26,036TotalAmt
Program Services$17,357ProgramServicesAmt
Management And General$8,679ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PAYROLL REIMBURSEMENT$176,583$117,722$58,861
MISCELLANEOUS EXPENSES$39,545$26,363$13,182
FACILITIES, PERSONNEL,$9,873$6,582$3,291

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$308,628TotalAmt
Program Services$219,329ProgramServicesAmt
Management And General$89,299ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$60,366BOYAmt
EOY$46,407EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,488,690BOYAmt
EOY$2,463,456EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$127,250BOYAmt
EOY$45,750EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,012,878BOYAmt
EOY$1,152,556EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$136,954LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$136,954BOYAmt
EOY$136,954EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,826,138BOYAmt
EOY$3,845,123EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$113,156BOYAmt
EOY$3,284EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$54,774EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$113,156BOYAmt
EOY$58,058EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$35,579BOYAmt
EOY$48,001EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,677,403BOYAmt
EOY$3,739,064EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,712,982BOYAmt
EOY$3,787,065EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,826,138BOYAmt
EOY$3,845,123EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$74,083ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
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$313,462CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$441,883CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$307,054CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$403,476CurrentTaxYearMinus1YearAmt
Current Tax Year$290,235CurrentTaxYearAmt
Total$1,756,110TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$313,462CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$441,883CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$307,054CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$403,476CurrentTaxYearMinus1YearAmt
Current Tax Year$290,235CurrentTaxYearAmt
Total$1,756,110TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,756,110PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,265CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$688CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$696CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$851CurrentTaxYearMinus1YearAmt
Current Tax Year$1,372CurrentTaxYearAmt
Total$4,872TotalAmt
FieldValueIRS element (for citing)
Total Support$1,760,982TotalSupportAmt
Gross Receipts Rltd Activities$366,184GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99720PublicSupportCY170Pct
Public Support PY1700.99760PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$136,954InvestmentCostOrOtherBasisAmt
Book Value$136,954BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$136,954TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$382,711TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$382,711RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$382,711TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$308,628TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$308,628ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$308,628TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1BROOME COMMUNITY COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1901 UPPER FRONT STREETAddressLine1Txt
CityBINGHAMTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13901ZIPCd
FieldValueIRS element (for citing)
Recipient EIN161393336RecipientEIN
Cash Grant$40,733CashGrantAmt
Purpose Of GrantTO FUND CERTAIN PROGRAMS TO PROVIDE INTENSIVE COMMUNITY-BASED MANAGEMENT AND TECHNICAL ASSISTANCE. PRIMARILY TARGETED TO MINORITY GROUP MEMBERS, WOMEN AND INDIVIDUALS WITH A DISABILITY WHO ARE SEEKING TO START OR ARE STARTING BUSINESS VENTURES IN THE PROJECT AREAPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION REQUIRES GRANT RECIPIENTS TO SUBMIT BOTH QUARTERLY ACTIVITY REPORTS AND QUARTERLY FINANCIAL REPORTS, AS WELL AS FINAL ACTIVITY REPORTS AND FINAL FINANCIAL REPORTS. THE FINAL ACTIVITY REPORTS ARE REQUIRED TO BE SUBMITTED 30 DAYS FOLLOWING THE DATE OF TERMINATION OF THE GRANT AND INCLUDES A DETAILED EVALUATION OF THE RECIPIENTS' ACTIVITIES PURSUANT TO THE GRANT. THE FINAL FINANCIAL REPORTS ARE ALSO REQUIRED TO BE SUBMITTED 30 DAYS FOLLOWING THE DATE OF TERMINATION OF THE GRANT AND MUST BE PREPARED BY A CPA OR LICENSED PUBLIC ACCOUNTANT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ADIRECTORS AND NON-VOTING MEMBERS ARE APPOINTED BY THE MAYOR FOR 2 YEAR TERMS, EXCEPT TWO CITY COUNCIL MEMBERS WHO SERVE AS DIRECTORS ON A 1 YEAR TERM THROUGH THEIR APPOINTMENT BY THE CITY COUNCIL PRESIDENT.
FORM 990, PART VI, SECTION A, LINE 7BTHE CITY COUNCIL APPROVES THE OPERATING BUDGET AND LOANS OF MORE THAN $25,000.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS DISCUSSED AND REVIEWED ANNUALLY. ALL MEMBERS SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. ANY CONFLICTS ARE DISCLOSED AT EACH MEETING BEFORE DISCUSSIONS BEGIN ON THE TOPIC.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PAGE 12, PART XII, LINE 2CTHE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1CITY OF BINGHAMTONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line138 HAWLEY STREETAddressLine1Txt
CityBINGHAMTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13901ZIPCd
FieldValueIRS element (for citing)
EIN156000404EIN
Primary ActivitiesGOVERNMENTPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1BLDC IS A COMPONENT UNIT OF BINGHAMTONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
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

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.