ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ECONOMIC DEVELOPMENT CORPORATION (EIN 14-1757090)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201323199349307507
- Schema version
- 2012v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T14:08:39-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141567343 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARVIN AND COMPANY PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 EVERTS AVE | AddressLine1 |
| City | QUEENSBURY | City |
| State | NY | State |
| ZIP Code | 12804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141757090 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECONOMIC DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ECON | NameControl |
| Phone | 5187616007 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 234 GLEN STREET | AddressLine1 |
| City | GLENS FALLS | City |
| State | NY | State |
| ZIP Code | 12801 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EDWARD BARTHOLOMEW | Name |
| Title | PRESIDENT | Title |
| Phone | 5187616007 | Phone |
| Date Signed | 2013-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HEATHER D PATTEN CPA | Name |
| PTIN | P00966838 | PTIN |
| Phone | 5187926595 | Phone |
| Date Prepared | 2013-11-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | EDWARD BARTHOLOMEW | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 234 GLEN STREET | AddressLine1 |
| City | GLENS FALLS | City |
| State | NY | State |
| ZIP Code | 12801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 514018 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.EDCWC.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1992 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO ENHANCE AND DIVERSIFY THE ECONOMY OF THE REGION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 442514 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 496275 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 24554 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 16480 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 85 | InvestmentIncomePriorYear |
| Investment Income Current Year | 88 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1175 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 467153 | TotalRevenuePriorYear |
| Total Revenue Current Year | 514018 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 23934 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 30055 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 341741 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 289706 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 9522 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 95487 | OtherExpensePriorYear |
| Other Expenses Current Year | 100327 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 461162 | TotalExpensesPriorYear |
| Total Expenses Current Year | 420088 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5991 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 93930 | RevenuesLessExpensesCY |
| Total Assets BOY | 362642 | TotalAssetsBOY |
| Total Assets EOY | 440593 | TotalAssetsEOY |
| Total Liabilities BOY | 34938 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18959 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 327704 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 421634 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PLAN, PROMOTE, COORDINATE AND EXECUTE PROGRAMS IN THE WARREN COUNTY REGION OF NEW YORK STATE AIMED AT IMPROVING THE QUALITY OF LIFE OF ITS RESIDENTS BY ENHANCING AND DIVERSIFYING THE ECONOMY OF THE REGION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 331232 | Expense |
| Grants | 30055 | Grants |
| Revenue | 16480 | Revenue |
| Description | SEE SCHEDULE OACHIEVED CERTAIN CHARITABLE OBJECTIVES AND PUBLIC PURPOSES OF RELIEVING AND REDUCING ADULT UNEMPLOYMENT, PROMOTING AND PROVIDING FOR QUALITY JOBS FOR WARREN COUNTY CITIZENS AND LESSENING THE BURDENS OF GOVERNMENT WITHIN THE WARREN COUNTY REGION OF NEW YORK BY THE FOLLOWING ACTIVITIES: ENCOURAGING THE RETENTION AND EXPANSION OF VARIOUS BUSINESS ENTERPRISES IN THE WARREN COUNTY REGION; PROVIDING MANAGERIAL, TECHNICAL, AND ADMINISTRATIVE ADVICE TO ASSIST LOCAL BUSINESS ENTERPRISES; ATTRACTING THE LOCATION OF BUSINESS ENTERPRISES TO THE WARREN COUNTY REGION; PUBLISHING AND DISTRIBUTING MATERIAL TO ENHANCE THE OTHER ACTIVITIES; AIDING IN THE SOLUTIONS TO CIVIC PROBLEMS IN THE WARREN COUNTY REGION; PROVIDING THE PUBLIC WITH INFORMATION ON THE CHALLENGES AND OPPORTUNITIES OF ECONOMIC GROWTH; AND ASSISTING THE WARREN COUNTY EMPIRE ZONE ADMINISTRATIVE BOARD WITH THE ADMINISTRATION OF THE WARREN COUNTY EMPIRE ZONE WHICH OFFERS VARIOUS TAX INCENTIVES TO BUSINESSES LOCATING OR EXPANDING WITHIN DESIGNATED AREAS IN WARREN COUNTY | Description |
| Total Program Service Expense | 331232 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 4 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNIFER SWITZER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5187616007 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 234 GLEN ST | AddressLine1 |
| City | GLENS FALLS | City |
| State | NY | State |
| ZIP Code | 12801 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| JOHN DAVIDSON | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JEFFREY BYRNE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DAVID KRUCZLNICKI | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| S JEFFREY ANTHONY | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DR RONALD HEACOCK | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| SUE CORNEY | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ARLEEN GIRARD | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KURT JAEGER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JOHN KVOCKA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KARA LAIS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JACK BIENIEK | ||||||
| VICE CHAIRMAN | 2.00 | 0 | 0 | 0 | X | |
| MICHAEL BORGOS | ||||||
| CHAIRMAN | 2.00 | 0 | 0 | 0 | X | |
| DAVE DEMARCO | ||||||
| SECRETARY | 1.00 | 0 | 0 | 0 | X | |
| CHARLES BARTON | ||||||
| TREASURER | 2.00 | 0 | 0 | 0 | X | |
| VICTORIA PRATT GERBINO | ||||||
| PRESIDENT | 40.00 | 88000 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 88000 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 414000 | GovernmentGrants |
| All Other Contributions | 82275 | AllOtherContributions |
| Total Contributions | 496275 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| ANNUAL MEETING | 900099 | 14980 | $14,980 |
| HOLIDAY NETWORK EVENT | 900099 | 1500 | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 16480 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 88 | TotalRevenueColumn |
| Exclusion | $88 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1175 | TotalRevenueColumn |
| Exclusion | $1,175 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1175 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 514018 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $17,743 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30055 | Total |
| Program Services | 30055 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107070 | Total |
| Program Services | 94757 | ProgramServices |
| Management And General | 8887 | ManagementAndGeneral |
| Fundraising | 3426 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150786 | Total |
| Program Services | 133446 | ProgramServices |
| Management And General | 12515 | ManagementAndGeneral |
| Fundraising | 4825 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8614 | Total |
| Program Services | 7623 | ProgramServices |
| Management And General | 715 | ManagementAndGeneral |
| Fundraising | 276 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10192 | Total |
| Program Services | 9020 | ProgramServices |
| Management And General | 846 | ManagementAndGeneral |
| Fundraising | 326 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13044 | Total |
| Program Services | 11545 | ProgramServices |
| Management And General | 1082 | ManagementAndGeneral |
| Fundraising | 417 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2440 | Total |
| Management And General | 2440 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5150 | Total |
| Management And General | 5150 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4151 | Total |
| Program Services | 3027 | ProgramServices |
| Management And General | 1124 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5876 | Total |
| Management And General | 5876 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8767 | Total |
| Management And General | 8767 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16650 | Total |
| Management And General | 16650 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3695 | Total |
| Program Services | 3270 | ProgramServices |
| Management And General | 307 | ManagementAndGeneral |
| Fundraising | 118 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12825 | Total |
| Program Services | 12825 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1932 | Total |
| Management And General | 1932 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4736 | Total |
| Management And General | 4736 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MARKETING | 12668 | 12668 | ||
| DUES AND SUBSCRIPTIONS | 5843 | 5843 | ||
| EQUIPMENT LEASE & MAINT | 5509 | 5509 | ||
| PAYROLL FEES | 4179 | 3698 | 347 | 134 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5906 | Total |
| Program Services | 3455 | ProgramServices |
| Management And General | 2451 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 420088 | Total |
| Program Services | 331232 | ProgramServices |
| Management And General | 79334 | ManagementAndGeneral |
| Fundraising | 9522 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 185666 | BOY |
| EOY | 127605 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2194 | BOY |
| EOY | 130585 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2367 | BOY |
| EOY | 2367 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 103400 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 82964 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12815 | BOY |
| EOY | 20436 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 159600 | BOY |
| EOY | 159600 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 362642 | BOY |
| EOY | 440593 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29938 | BOY |
| EOY | 13959 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5000 | BOY |
| EOY | 5000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34938 | BOY |
| EOY | 18959 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 327704 | BOY |
| EOY | 421634 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 327704 | BOY |
| EOY | 421634 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 362642 | BOY |
| EOY | 440593 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 93930 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 825705 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 731518 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 488066 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 442514 | CurrentTaxYearMinus1Year |
| Current Tax Year | 496275 | CurrentTaxYear |
| Total | 2984078 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 825705 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 731518 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 488066 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 442514 | CurrentTaxYearMinus1Year |
| Current Tax Year | 496275 | CurrentTaxYear |
| Total | 2984078 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 2984078 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4037 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 616 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 294 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 85 | CurrentTaxYearMinus1Year |
| Current Tax Year | 88 | CurrentTaxYear |
| Total | 5120 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3176 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2193 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5937 | CurrentTaxYearMinus2Years |
| Current Tax Year | 1175 | CurrentTaxYear |
| Total | 12481 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 3001679 | TotalSupport |
| Gross Receipts From Admissions Etc | 187713 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.99410 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.99440 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2008 AMOUNT: $ 3,176. 2009 AMOUNT: $ 2,193. 2012 AMOUNT: $ 1,175. BAD DEBT RECOVERY - 2010 AMOUNT: $ 5,937. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12157 | OtherCostOrOtherBasis |
| Depreciation | 3496 | Depreciation |
| Book Value | 8661 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 91243 | OtherCostOrOtherBasis |
| Depreciation | 79468 | Depreciation |
| Book Value | 11775 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20436 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE FROM HRLDC | Description |
| Book Value | 159600 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 159600 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO HRLDC | Description |
| Amount | $5,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5000 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 514018 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 514018 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 514018 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 420088 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 420088 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 420088 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | EDC HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. EDC BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON EDC'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, EDC HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2012. EDC'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THOSE TAX RETURNS. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. IN GENERAL, THE FEDERAL AND STATE INCOME TAX RETURNS HAVE A THREE YEAR STATUTE OF LIMITATIONS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2009. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HUDSON RIVER LOCAL DEVELOPMENT CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O 234 GLEN ST | AddressLine1 |
| City | GLENS FALLS | City |
| State | NY | State |
| ZIP Code | 12801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 743101915 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 30055 | AmountOfCashGrant |
| Purpose Of Grant | ECONOMIC DEVELOPMENT IN WARREN COUNTY | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: EDC ESTABLISHES SEPARATE LINE ITEMS WITHIN THE CHART OF ACOUNTS IN THEIR ACCOUNTING SOFTWARE TO TRACK ALL REVENUES AND EXPENSES. PROPER DOCUMENTATION IN THE FORM OF INVOICES OR VOUCHERS IS REQUIRED FROM THIRD PARTY VENDORS PERFORMING ANY WORK PRIOR TO ANY GRANT PAYMENTS BEING DISBURSED. APPROPRIATE SIGN OFF AND APPROVAL IS ALSO REQUIRED AS PER EDC'S ACCOUNTING POLICIES. PROJECT SPREADSHEETS ARE UTILIZED TO TRACK GRANTS, INCLUDING BUDGETS AND PROJECTS WHICH REQUIRE MULTIPLE VENDORS AND ACCOUNTING COST AREAS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | LINE 6 EXPLANATION - MEMBERSHIP, PER THE ORGANIZATION'S BY-LAWS, SHALL CONSIST OF OPERATING MEMBERS AND SUSTAINING MEMBERS. OPERATING MEMBERS CONSIST OF THOSE PERSONS WHO ARE MEMBERS OF THE BOARD OF DIRECTORS. SUSTAINING MEMBERS ARE ANY INDIVIDUALS, CORPORATIONS, JOINT STOCK ASSOCIATIONS, UNINCORPORATED ASSOCIATIONS, PARTNERSHIPS, OR OTHER ENTITIES, EXCLUDING POLITICAL SUB-DIVISIONS, WHO CONTRIBUTE TO THE CORPORATION A SUM OF MONEY AS SET BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | LINE 7A EXPLANATION - THE CHAIRPERSON OF THE BOARD SHALL APPOINT A NOMINATING COMMITTEE, WITH ADVICE AND CONSENT OF THE EXECUTIVE COMMITTEE, OF NO FEWER THAN FIVE MEMBERS OF THE BOARD. THE NOMINATING COMMITTEE SHALL SELECT CANDIDATES ACCORDING TO THE CHARGE OF THE CHAIRPERSON OF THE BOARD IN CONFORMANCE WITH BOARD POLICY AND THE BY-LAWS. NOT LATER THAN 75 DAYS PRIOR TO THE ANNUAL MEMBERSHIP MEETING, THE NOMINATING COMMITTEE SHALL PRESENT A SLATE OF WILLING CANDIDATES TO REPLACE THE ELECTED DIRECTORS WHOSE TERMS EXPIRE AT THE END OF THE YEAR AND ANY OTHER VACANCIES ON THE BOARD, IN WRITING, MAILED BY FIRST CLASS MAIL, TO ALL MEMBERS. NO LATER THAN 60 DAYS PRIOR TO THE ANNUAL MEETING, ANY MEMBER MAY SUBMIT A PETITION, IN WRITING, TO THE PRESIDENT OF EDC, WITH THE NAMES OF ADDITIONAL NOMINEES WHO ARE WILLING TO SERVE, SUPPORTED BY AT LEAST 10 MEMBERS OF EDC WHO HAVE SIGNED THE PETITION. PROXY FORMS, THE SLATE OF CANDIDATES FOR DIRECTORS, AND THE NOTICE OF THE ANNUAL MEETING SHALL BE MAILED, FIRST CLASS, TO EACH VOTING MEMBER BETWEEN TEN AND FIFTEEN DAYS BEFORE THE ANNUAL MEETING. ALL OPERATING MEMBERS ARE ENTITLED TO VOTE ON THE PROSPECTIVE MEMBERS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | LINE 7B EXPLANATION - THE OPERATING MEMBERS OF THE CORPORATION AT ALL TIMES SHALL CONSIST OF THOSE PERSONS WHO ARE MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION. OPERATING MEMBERS ARE ENTITLED TO VOTE ON DECISIONS MADE BY THE BOARD OF DIRECTORS. SUSTAINING MEMBERS ARE ANY INDIVIDUAL PERSON, CORPORATION, JOINT STOCK ASSOCIATION, UNINCORPORATED ASSOCIATION, PARTNERSHIP, OR OTHER ENTITY, EXCLUDING POLITICAL SUBDIVISIONS, WHO CONTRIBUTE TO THE ORGANIZATION A SUM OF MONEY AS SET BY THE BOARD OF DIRECTORS. SUSTAINING MEMBERS ARE NOT ENTITLED TO VOTE ON DECISIONS MADE BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | LINE 11A EXPLANATION - THE FINANCE, AUDIT & COMPLIANCE COMMITTEE REVIEWS THE 990 WITH THE PRESIDENT, CHAIRMAN AND TREASURER BEFORE REQUIRED SIGNATURES ARE PROCURED. THE 990 IS ALSO REVIEWED WITH THE REMAINDER OF THE EXECUTIVE COMMITTEE UPON FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | BEFORE ENGAGING IN RENEWAL AND/OR NEW CONTRACTS FOR ANY PROFESSIONAL SERVICES, SUPPLIES, ETC., THE EXECUTIVE COMMITTEE IS ADVISED OF POTENTIAL CONFLICT BY THE PRESIDENT OR FINANCIAL DIRECTOR AND RECOMMENDATIONS REGARDING ANY ACTION TO BE TAKEN, INCLUDING ABSTENTION FROM KEY VOTES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CHAIRMAN OF THE BOARD OF DIRECTORS CONDUCTS A YEAR-END PERFORMANCE EVALUATION WITH THE PRESIDENT. THE PRIMARY ITEMS OF PERFORMANCE THAT ARE TAKEN INTO CONSIDERATION ARE THE STRATEGIC PLAN, CONTINUED IMPLEMENTATION AND FINANCIAL PERFORMANCE. THE PRESIDENT'S PERFORMANCE IS ALSO REVIEWED AND DISCUSSED IN AN EXECUTIVE SESSION WITH THE EXECUTIVE COMMITTEE AND ANY SUBSEQUENT ACTIONS ARE THEN TAKEN. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HUDSON RIVER LOCAL DEVELOPMENT CORP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 234 GLEN STREET | AddressLine1 |
| City | GLENS FALLS | City |
| State | NY | State |
| ZIP Code | 12801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 743101915 | EIN |
| Primary Activities | ECONOMIC DEVELOPMENT | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE_7_ORGANIZATION_ | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECONOMIC DEVELOPMENT CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |