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← QUEENS ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by QUEENS ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$4,213,896
Total expenses
$4,183,805
Contributions and grants received
$3,753,514
Grants paid
$0
Program services expenses (Part IX)
$3,651,322
Management and general expenses
$404,002
Fundraising expenses
$128,481
Program service expenses (Part III)
$3,651,322

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Seth Bornstein

    Executive Dir.

    Total calculated
    $200,000
    From this org
    $200,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $200,000
  • Shurm Anderson

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Omar Baptiste

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Winston Crosswell

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Aaron Fernandez

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Stephen Levin

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Victor Hunt

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Philippa Karleron

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Lambert

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Lucaj

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Verdia Noel

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Brian Reynolds

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Danny Rojas

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • David Sands

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Anita Srivastava

    President

    Total calculated
    $0
    Hours/week
    1
  • Ryan Walsh

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2026
IRS schema version
2024v5.2
Source object
202621109349300907

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