WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION (EIN 16-1463095)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-10-19
IRS object ID: 201112929349301001
Schema version: 2010v3.4
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
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-10-19T09:46:13-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	POULSEN & PODVIN CPA PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	145 CLINTON ST STE 109	AddressLine1
City	WATERTOWN	City
State	NY	State
ZIP Code	136013621	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	161463095	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WATERTOWN INDUSTRIAL CENTER	BusinessNameLine1
Business Name Line2	LOCAL DEVELOPMENT CORPORATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	WATE	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	800 STARBUCK AVENUE	AddressLine1
City	WATERTOWN	City
State	NY	State
ZIP Code	13601	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DONALD W RUTHERFORD	Name
Title	PRESIDENT	Title
Date Signed	2011-09-19	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BRUCE POULSEN	Name
Phone	3157885490	Phone
Date Prepared	2011-10-04	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	717119	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.JCJDC.NET	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1994	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	THE MISSION OF THE WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION IS TO FACILITATE JOB CREATION AND RETENTION IN THE COMMUNITY BY PROVIDING ELIGIBLE BUSINESSES WITH SUITABLE LEASED FACILITIES AT RENTS AND UNDER CONDITIONS THAT HELP THEM SUCCEED.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	8	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	10000	ContributionsGrantsPriorYear
Contributions Grants Current Year	200000	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	499354	ProgramServiceRevenuePriorYear
Program Service Revenue CY	503298	ProgramServiceRevenueCY
Investment Income Prior Year	12082	InvestmentIncomePriorYear
Investment Income Current Year	4188	InvestmentIncomeCurrentYear
Other Revenue Prior Year	9296	OtherRevenuePriorYear
Other Revenue Current Year	9633	OtherRevenueCurrentYear
Total Revenue Prior Year	530732	TotalRevenuePriorYear
Total Revenue Current Year	717119	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	590804	OtherExpensePriorYear
Other Expenses Current Year	616254	OtherExpensesCurrentYear
Total Expenses Prior Year	590804	TotalExpensesPriorYear
Total Expenses Current Year	616254	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-60072	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	100865	RevenuesLessExpensesCY
Total Assets BOY	2635257	TotalAssetsBOY
Total Assets EOY	3148376	TotalAssetsEOY
Total Liabilities BOY	166084	TotalLiabilitiesBOY
Total Liabilities EOY	578338	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2469173	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2570038	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE MISSION OF THE WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION IS TO FACILITATE JOB CREATION AND RETENTION IN THE COMMUNITY BY PROVIDING ELIGIBLE BUSINESSES WITH SUITABLE LEASED FACILITIES AT RENTS AND UNDER CONDITIONS THAT HELP THEM SUCCEED.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	568524	Expense
Description	RENTAL OF FACILITIES TO ELIGIBLE BUSINESSES	Description
Total Program Service Expense	568524	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	8	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	LYLE EATON	NamePerson
Telephone Number	3157853242	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	800 STARBUCK AVE	AddressLine1
City	WATERTOWN	City
State	NY	State
ZIP Code	13601	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DONALD WRUTHERFORD
PRESIDENT	X	X	0	0	0
WILLIAM H FULKERSON
VICE PRES	X	X	0	0	0
NICKOLAS W DARLING
TREASURER	X	X	0	0	0
JOHN DOLDO JR
SECRETARY	X	X	0	0	0
CAROLYN D FITZPATRICK
	X		0	0	0
J PAUL MORGAN
	X		0	0	0
KEVIN JORDAN
	X		0	0	0
DONALD C ALEXANDER
ASST SECRETA	X	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	200000	AllOtherContributions
Total Contributions	200000	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	RENTAL OF FACILITIES	Description
Total Revenue Column	503298	TotalRevenueColumn
Related Or Exempt Function Income	503298	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	503298	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	4188	TotalRevenueColumn
Exclusion	$4,188	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
LATE PAYMENT PENALTY	7888	$7,888
EXTRA-ORDINARY	1407	$1,407
MISCELLANEOUS	338	$338

Field	Value	IRS element (for citing)
Total Other Revenue	9633	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	717119	TotalRevenueColumn
Related Or Exempt Function Income	503298	RelatedOrExemptFunctionIncome
Exclusion	$13,821	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	115855	Total
Program Services	115855	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	12500	Total
Management And General	12500	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	3480	Total
Management And General	3480	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	781	Total
Program Services	781	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	7406	Total
Program Services	7406	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	4249	Total
Management And General	4249	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	156251	Total
Program Services	156251	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	1800	Total
Program Services	1800	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	5969	Total
Program Services	5969	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	50000	Total
Program Services	25000	ProgramServices
Management And General	25000	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	179076	Total
Program Services	179076	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	55664	Total
Program Services	53822	ProgramServices
Management And General	1842	ManagementAndGeneral

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
REAL PROPERTY TAXES	22564	22564
MISCELLANEOUS	659		659

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	616254	Total
Program Services	568524	ProgramServices
Management And General	47730	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	95118	BOY
EOY	38278	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	822948	BOY
EOY	693949	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	36628	BOY
EOY	85940	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	13291	BOY
EOY	13483	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	4382653	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2147703	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1546274	BOY
EOY	2234950	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	120998	BOY
EOY	81776	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2635257	BOY
EOY	3148376	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	31173	BOY
EOY	87653	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	134878	BOY
EOY	94013	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
EOY	393878	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	33	BOY
EOY	2794	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	166084	BOY
EOY	578338	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2469173	BOY
EOY	2570038	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2469173	BOY
EOY	2570038	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2635257	BOY
EOY	3148376	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	100865	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	10000	CurrentTaxYearMinus1Year
Current Tax Year	200000	CurrentTaxYear
Total	210000	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	447397	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	444444	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	438082	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	499354	CurrentTaxYearMinus1Year
Current Tax Year	503298	CurrentTaxYear
Total	2332575	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	447397	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	444444	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	438082	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	509354	CurrentTaxYearMinus1Year
Current Tax Year	703298	CurrentTaxYear
Total	2542575	Total

Field	Value	IRS element (for citing)
Public Support Total509	2542575	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	52943	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	41508	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	48255	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	12082	CurrentTaxYearMinus1Year
Current Tax Year	4188	CurrentTaxYear
Total	158976	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	52943	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	41508	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	48255	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	12082	CurrentTaxYearMinus1Year
Current Tax Year	4188	CurrentTaxYear
Total	158976	Total

Net Income From Other UBI NetIncomeFromOtherUBI

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	8296	CurrentTaxYearMinus1Year
Current Tax Year	8633	CurrentTaxYear
Total	16929	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	500340	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	485952	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	486337	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	529732	CurrentTaxYearMinus1Year
Current Tax Year	716119	CurrentTaxYear
Total	2718480	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.93530	PublicSupportPercentage509
Prior Year Support Percentage	0.91850	PriorYearSupportPercentage
Investment Income Percentage	0.06000	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.08000	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	205000	OtherCostOrOtherBasis
Book Value	205000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	531300	OtherCostOrOtherBasis
Depreciation	418399	Depreciation
Book Value	112901	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3177097	OtherCostOrOtherBasis
Depreciation	1454234	Depreciation
Book Value	1722863	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	48106	OtherCostOrOtherBasis
Depreciation	43512	Depreciation
Book Value	4594	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	421150	OtherCostOrOtherBasis
Depreciation	231558	Depreciation
Book Value	189592	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2234950	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DUE HUD - LEASEHOLD IMP.	Description
Amount	$2,794	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	2794	TotalOfAmounts
Total Revenue	717119	TotalRevenue
Total Expenses	616254	TotalExpenses
Excess Or Deficit For Year	100865	ExcessOrDeficitForYear
Excess Or Deficit Per FS	100865	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	717119	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	717119	RevenueSubtotal
Total Revenue Per Form990	717119	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	616254	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	616254	ExpensesSubtotal
Total Expenses Per Form990	616254	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	THE MISSION OF THE WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION IS TO FACILITATE JOB CREATION AND RETENTION IN THE COMMUNITY BY PROVIDING ELIGIBLE BUSINESSES WITH SUITABLE LEASED FACILITIES AT RENTS AND UNDER CONDITIONS THAT HELP THEM SUCCEED.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	ANNUAL REVIEW BY BOARD OF POTENTIAL CONFLICTS OF INTEREST
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	SALARIES AND WAGES APPROVED BY THE BOARD
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	SALARIES AND WAGES APPROVED BY THE BOARD
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC

WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION: Form 990, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

Program Service Revenue ProgramServiceRevenue

Investment Income InvestmentIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

Total Revenue TotalRevenue

Fees For Services Management FeesForServicesManagement

Fees For Services Legal FeesForServicesLegal

Fees For Services Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Advertising Advertising

Office Expenses OfficeExpenses

Occupancy Occupancy

Travel Travel

Interest Interest

Payments To Affiliates PaymentsToAffiliates

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (2 entries)

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Accounts Receivable AccountsReceivable

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Total509 Total509

Gross Investment Income509 GrossInvestmentIncome509

Investment Income And UBTI InvestmentIncomeAndUBTI

Net Income From Other UBI NetIncomeFromOtherUBI

Total Support Total TotalSupportTotal

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Leasehold Improvements LeaseholdImprovements

Equipment Equipment

Other Land Buildings OtherLandBuildings

Other Liabilities OtherLiabilities

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Comments