2025-09-30T11:50:34-05:00 2024-12-31 161226221 FUSTCHARLES LLP 220 S WARREN STREET SYRACUSE NY 13202 990 2024-01-01 161165469 CENTERSTATE DEVELOPMENT FOUNDATION INC CENT 3154701800 115 WEST FAYETTE STREET SYRACUSE NY 13202 ROBERT SIMPSON PRESIDENT 3154701800 2025-09-25 1 1 THOMAS J GIUFRE P00841958 3154463600 2025-09-25 2024 2025-03-06 01:10:19Z ROBERT SIMPSON 115 WEST FAYETTE STREET SYRACUSE NY 13202 1915997 0 X N/A X 1981 NY THE FOUNDATION'S MISSION IS TO UNLOCK THE ECONOMIC POTENTIAL OF ALL CENTRAL NEW YORK'S PEOPLE AND PLACES BY ATTRACTING PUBLIC AND PHILANTHROPIC CAPITAL. 24 23 0 0 0 0 6686 353069 1465571 1477742 94213 84381 6379 805 1572849 1915997 0 0 0 0 130511 199753 0 0 0 1278282 1851732 1408793 2051485 164056 -135488 3698191 3814591 446362 524034 3251829 3290557 X ECONOMIC DEVELOPMENT OF THE CITY OF SYRACUSE AND URBAN AREA IN UPSTATE NEW YORK 0 0 1587926 1478547 SEE SCHEDULE ODURING THE YEAR, THE FOUNDATION'S EFFORTS WERE FOCUSED ON ACTIVITIES ALIGNED WITH ITS EXEMPT PURPOSES AND MISSION. ITS MISSION IS TO UNLOCK THE ECONOMIC POTENTIAL OF ALL CENTRAL NEW YORK'S PEOPLE AND PLACES BY ATTRACTING PUBLIC AND PHILANTHROPIC CAPITAL. ITS EXEMPT PURPOSE IS TO SUPPORTS ACTIVITIES THAT BUILD LOCAL AND REGIONAL CAPACITY TO COMBAT COMMUNITY AND NEIGHBORHOOD DETERIORATION, OFFER SOLUTIONS TO PROBLEMS CHALLENGING URBAN AREAS, ENCOURAGE THE DEVELOPMENT, ATTRACTION, AND RETENTION OF INDUSTRY ESPECIALLY IN DISTRESSED AREAS, ENSURE AREA RESIDENTS HAVE ACCESS TO EMPLOYMENT, ENCOURAGE CULTURAL AND COMMUNITY ACTIVITIES, PROMOTE THE STUDY OF COMMUNITY HEALTH NEEDS, AND PROMOTE THE OVERALL ECONOMIC DEVELOPMENT OF CENTRAL NEW YORK. THE FOUNDATION LEADS AND COLLABORATES WITH PARTNERS ON PROJECTS OF LOCAL AND REGIONAL SIGNIFICANCE AND FISCALLY SPONSORS PROJECTS ALIGNED WITH ITS MISSION AND PURPOSE. 1587926 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 1 0 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 NY X X MARIAN FRANCHER 3154701839 115 WEST FAYETTE STREET SYRACUSE NY 13202 ROBERT SIMPSON PRESIDENT 1.00 40.00 X X 76018 230098 127938 EVELYN CARTER INGRAM CHAIR 1.00 X X 0 0 0 MELANIE W LITTLEJOHN DIRECTOR 1.00 X 0 0 0 TIMOTHY PENIX DIRECTOR 1.00 X 0 0 0 NATHAN ANDREWS DIRECTOR 1.00 X 0 0 0 VICKI BRACKENS DIRECTOR 1.00 X 0 0 0 DAVE NUTTING DIRECTOR 1.00 X 0 0 0 DAVE SCHNECKENBURGER DIRECTOR 1.00 X 0 0 0 MARGARET O'CONNELL DIRECTOR 1.00 X 0 0 0 GAIL COWLEY SECRETARY 1.00 X X 0 0 0 SUSAN CROSSETT TREASURER 1.00 X X 0 0 0 MANTOSH DEWAN DIRECTOR 1.00 X 0 0 0 JOHN HUHTALA DIRECTOR 1.00 X 0 0 0 MICHAEL NASH DIRECTOR 1.00 X 0 0 0 JAMES REED VICE PRESIDENT 1.00 X X 0 0 0 KIMBERLY TOWNSEND DIRECTOR 1.00 X 0 0 0 TIMOTHY MURPHY CHAIR, DEVELOPMENT COMMITTEE 1.00 X X 0 0 0 SOMAK CHATTOPADHYAY DIRECTOR 1.00 X 0 0 0 STEPHEN FOURNIER DIRECTOR 1.00 X 0 0 0 STEPHEN GORCZYNSKI DIRECTOR 1.00 X 0 0 0 ERIC MOWER DIRECTOR 1.00 X 0 0 0 THOMAS SCHNEIDER DIRECTOR 1.00 X 0 0 0 ERIK SMITH DIRECTOR 1.00 X 0 0 0 JOHANNA ANDERSON DIRECTOR 1.00 X 0 0 0 JO ANNE GAGLIANO DIRECTOR 1.00 X 0 0 0 DR SETH KRONENBERG DIRECTOR 1.00 X 0 0 0 DIMITAR KARAIVANOV DIRECTOR 1.00 X 0 0 0 LORI DIETZ SPECIAL PROJECT MANAGEMENT 1.00 40.00 X 0 92376 5021 KELLY FURMAROLA EXECUTIVE DIRECTOR 1.00 40.00 X 0 93828 4708 MARIAN FRANCHER SENIOR DIRECTOR OF FINANCE 1.00 40.00 X 0 104828 12964 BEN SIO SVP 1.00 40.00 X 9877 128047 36694 HONORA SPILLANE VP OF ECONOMIC DEVELOPMENT 32.00 8.00 X 81481 22879 19627 167376 672056 206952 0 0 1 0 ASTAFAN PAVING 1783 CO RT 37 WEST MONROE NY 13167 PAVING SERVICES 639711 CUSTOM LAWN SERVICES PO BOX 2251 SYRACUSE NY 13220 LANDSCAPING SERVICES 161184 JOHN E FISHER CONSTRUCTION PO BOX 630 LIVERPOOL NY 13088 CONSTRUCTION SERVICES 139420 PRECISION INDUSTRIAL MAINTENANCE INC 1710 ERIE BLVD SCHENECTADY NY 12308 MAINTENANCE SERVICES 138100 4 353069 353069 LM COMMON AREA MAINT C 900099 1477742 1477742 1477742 84381 84381 MISCELLANEOUS 900099 805 805 805 1915997 1478547 0 84381 X 199753 199753 10918 10918 37238 37238 19417 19417 7100 6982 118 10857 10857 3852 3852 69227 69227 87290 87290 SNOW REMOVAL 492278 492278 SPECIAL PROJECTS 390514 390514 SUPERVISORY COSTS 263688 263688 REPAIRS 189603 189603 269750 269750 2051485 1587926 463559 0 893744 906026 211186 214441 86172 90154 1420767 1410216 72262 110649 1043223 430564 568203 612659 445857 470446 3698191 3814591 158834 74351 10827 50186 276701 399497 446362 524034 X 1992918 2226252 1258911 1064305 3251829 3290557 3698191 3814591 X -135488 174216 X X 0 1 X 1 0 X 6686 353069 359755 1312975 1340187 1381633 1465571 1477742 6978108 1312975 1340187 1381633 1472257 1830811 7337863 0 0 0 7337863 108473 116038 88777 94213 84381 491882 108473 116038 88777 94213 84381 491882 1113 579295 6379 805 587592 1422561 2035520 1470410 1572849 1915997 8417337 0.87180 0.85970 0.05840 0.06580 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 1,113. 2021 AMOUNT: $ 77. 2023 AMOUNT: $ 6,379. 2024 AMOUNT: $ 805. MORTGAGE RECEIVABLE REFINANCE - 2021 AMOUNT: $ 579,218. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 835664 235236 600428 158116 145885 12231 49443 49443 0 612659 DUE FROM STRATEGIC PARTNERS 470446 470446 DUE TO STRATEGIC PARTNERS 399497 399497 X PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)OF THE INTERNAL REVENUE CODE. MANAGEMENT DOES NOT BELIEVE THAT CIRCUMSTANCES ARISING AFTER THE DATE OF THE IRS DETERMINATION LETTER WILL AFFECT THE TAX-EXEMPT STATUS OF THE FOUNDATION. CROSS POINTS PROPERTIES, LLC, EPL AND MDF PROPERTY ARE SINGLE MEMBER LLCS AND THE FOUNDATION IS THE SOLE MEMBER OF ALL ENTITIES. THE FOUNDATION AND ITS SUBSIDIARIES FILE A CONSOLIDATED TAX RETURN. THE TAX YEARS OPEN TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES ARE 2021 THROUGH 2024. X X 0 0 0 0 0 0 0 0 0 ROBERT SIMPSON PRESIDENT 76018 225040 0 4788 0 270 7685 80188 8125 31940 91828 342226 0 0 BEN SIO SVP 9877 125385 0 2500 0 162 609 14071 1983 20031 12469 162149 0 0 PART I, LINE 3 THE RELATED ORGANIZATION REQUIRES BOARD/ COMPENSATION COMMITTEE APPROVAL OF SALARIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS GIVEN TO THE FINANCE COMMITTEE AND EXEC BOARD FOR REVIEW AND SIGNATURES FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 24E LANDSCAPING: PROGRAM SERVICE EXPENSES 165,141. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 165,141. SITE LIGHTING: PROGRAM SERVICE EXPENSES 71,422. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,422. BAD DEBT: PROGRAM SERVICE EXPENSES 26,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,300. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 6,887. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,887. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER FROM STRATEGIC PARTNER 174,216. PART X11, LINE 2C NO CHANGE FROM PRIOR YEARS. ELECTRONICS PARK LLC ELECTRONICS PARK LIVERPOOL NY 13088 161508936 REAL ESTATE MGMT NY 0 1166883 CENTERSTATE DEVELOPMENT FOUNDATION INC MDF PROPERTY HOLDINGS LLC 115 WEST FAYETTE STREET SYRACUSE NY 13202 205489621 REAL ESTATE MGMT NY 80998 1918679 CENTERSTATE DEVELOPMENT FOUNDATION INC CROSS POINT PROPERTIES LLC 115 WEST FAYETTE STREET SYRACUSE NY 13202 REAL ESTATE MGMT NY 0 25000 CENTERSTATE DEVELOPMENT FOUNDATION INC GREATER SYRACUSE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT CO 115 WEST FAYETTE STREET SYRACUSE NY 13202 161126182 TO BRING ABOUT CIVIC BETTERMENT AND ENCOURAGE INDUSTRIAL DEVELOPMENT NY 501(C)(4) GREATER SYRACUSE CHAMBER OF COMMERCE 0 CENTERSTATE CEO FOUNDATION INC 115 WEST FAYETTE STREET SYRACUSE NY 13202 222305294 TO ADMINISTER FUNDING THROUGH GRANTS AND DONATIONS NY 501(C)(3) LINE 12C, III-FI GREATER SYRACUSE CHAMBER OF COMMERCE 0 METROPOLITAN DEVELOPMENT ASSOCIATION OF SYR AND CNY INC 115 WEST FAYETTE STREET SYRACUSE NY 13202 150617835 ECONOMIC DEVELOPMENT IN 13 COUNTIES OF UPSTATE NEW YORK NY 501(C)(4) CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY 0 CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY 115 WEST FAYETTE STREET SYRACUSE NY 13202 272620882 ACHIEVE REGIONAL GROWTH THROUGH PARTNERSHIPS, PLANNING AND PROBLEM SOLVING NY 501(C)(6) N/A 0 GREATER SYRACUSE CHAMBER OF COMMERCE INC 115 WEST FAYETTE STREET SYRACUSE NY 13202 150464400 ADVANCE THE CIVIC ECONOMIC AND SOCIAL INTERESTS OF THE GREATER SYRACUSE AREA NY 501(C)(6) CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY 0 GREATER SYRACUSE SERVICES CORP DBA BENEFIT SPECIALISTS OF NY 115 WEST FAYETTE STREET SYRACUSE NY 13202 161222773 TO ADMISISTER GROUP EMPLOYEE BENEFIT PLANS ON BEHALF OF CHAMBER OF COMMERCE NY GREATER SYRACUSE CHAMBER OF COMMERCE C 0 CENTERSTATE CEO HOLDINGS LLC 115 WEST FAYETTE STREET SYRACUSE NY 13202 352650519 INVESTMENT HOLDING COMPANY NY CENTERSTATE CORP FOR ECONOMIC C 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0