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Nonprofiteer
← ONTARIO COUNTY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by ONTARIO COUNTY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,043,595
Total expenses
$1,139,634
Contributions and grants received
$916,230
Grants paid
$944,000
Program service revenue
$127,019
Investment income
$346
Other revenue
$0
Total assets, end of year
$4,828,755
Total liabilities, end of year
$711,758
Net assets or fund balances, end of year
$4,116,997
Program services expenses (Part IX)
$1,091,567
Management and general expenses
$48,067
Fundraising expenses
$0
Program service expenses (Part III)
$1,091,567

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $916,230

  • 2a · Program service revenue: PROGRAM INCOME

    total $125,819 · related or exempt $125,819

  • 2b · Program service revenue: APPLICATION INCOME

    total $1,200 · related or exempt $1,200

  • 3 · Investment income

    total $346 · excluded $346

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $944,000 · program services $944,000

  • 11b · Fees: legal

    total $13,982 · program services $13,982

  • 11c · Fees: accounting

    total $5,250 · program services $5,250

  • 11g · Fees: other

    total $106,717 · program services $106,717

  • 12 · Advertising and promotion

    total $9,390 · program services $4,137 · management and general $5,253

  • 17 · Travel

    total $1,608 · management and general $1,608

  • 19 · Conferences, conventions and meetings

    total $818 · management and general $818

  • 23 · Insurance

    total $3,301 · management and general $3,301

  • 24a · Other expenses: ONTARIO COUNTY SERVICES

    total $71,274 · program services $35,637 · management and general $35,637

  • 24b · Other expenses: MISCELLANEOUS

    total $1,800 · program services $350 · management and general $1,450

  • 24c · Other expenses: ALLOWANCE FOR BAD DEBT

    total -$18,506 · program services -$18,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $750 · end of year $750

  • 2 · Savings and temporary cash investments

    beginning of year $1,304,876 · end of year $916,080

  • 4 · Accounts receivable

    beginning of year $4,750 · end of year $2,300

  • 7 · Other notes and loans receivable

    beginning of year $3,613,229 · end of year $3,909,625

  • 10a · Land, buildings and equipment: cost or other basis

    $10,945

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,945

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $253 · end of year $1,660

  • 19 · Deferred revenue

    beginning of year $710,316 · end of year $710,098

  • 27 · Net assets without donor restrictions

    beginning of year $3,680,690 · end of year $3,704,291

  • 28 · Net assets with donor restrictions

    beginning of year $532,346 · end of year $412,706

Mission and programs · 2022

Mission

RELIEVE AND REDUCE UNEMPLOYMENT, TO BETTER & MAINTAIN JOB OPPORTUNITIES, PROMOTE & PROVIDE FOR ADDITIONAL EMPLOYMENT, TO HELP INCREASE THE TAX BASE OF ONTARIO COUNTY THROUGH THE ATTRACTION OF PRIVATE SECTOR INVESTMENT, AND TO LESSEN THE BURDENS OF GOVERNMENT AND ACT IN PUBLIC INTEREST.

  • PROMOTING EMPLOYMENT, ENCOURAGING DEVELOPMENT AND ATTRACTING NEW INDUSTRY TO THE AREA.

    Expenses $1,091,567 · Grants $944,000 · Revenue $127,019

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Parkhurst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Sollenne

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Kevin Hill

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Joseph Bridgeford

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Fred Lightfoote

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Walter Matyjas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Fred Willie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erica Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Linger

    DIRECTOR - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    2

  • Peter Ingalsbe

    DIRECTOR - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    2

  • Lynn Freid

    DIRECTOR - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    2

  • Michael Manikowski

    CEO - RESIGNED DURING YEAR

    Total calculated
    $0
    Hours/week
    10

  • Michael Wojcik

    CFO

    Total calculated
    $0
    Hours/week
    10

  • Ryan Davis

    CEO

    Total calculated
    $0
    Hours/week
    10

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • WND CONSENTINO INC

    $60,000

    COVID RELIEF

  • MACNAMARA-LARKIN LLC

    $60,000

    COVID RELIEF

  • BELLA'S SICILIAN RISTORANTE LLC

    $60,000

    COVID RELIEF

  • BIRDHOUSE BREWING CO

    $60,000

    COVID RELIEF

  • ELEVEN LAKES RESTAURANT GROUP

    $60,000

    COVID RELIEF

  • TWISTED RAIL BREWING COMPANY INC

    $60,000

    COVID RELIEF

  • SIMPLY CREPES OF CANANDAIGUA LLC

    $60,000

    COVID RELIEF

  • GENEVA COFFEE INC

    $60,000

    COVID RELIEF

  • ONTARO COUNTY

    $50,000

    TRAINING

  • SENECA PIZZA

    $50,000

    COVID RELIEF

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349313062

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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