Form 990 for tax year 2025
Filed by STATEN ISLAND ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $2,274,655
- Total expenses
- $2,322,750
- Contributions and grants received
- $1,706,880
- Grants paid
- $0
- Program service revenue
- $439,159
- Investment income
- $27,739
- Other revenue
- $100,877
- Total assets, end of year
- $2,303,620
- Total liabilities, end of year
- $475,903
- Net assets or fund balances, end of year
- $1,827,717
- Program services expenses (Part IX)
- $1,848,496
- Management and general expenses
- $235,498
- Fundraising expenses
- $238,756
- Program service expenses (Part III)
- $1,848,496
Program services were 79.6% 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.
-
1b · Membership dues
$396,303
-
1e · Government grants (contributions)
$1,288,288
-
1f · All other contributions, gifts and grants
$22,289
-
2a · Program service revenue: ECONOMIC DEVELOPMENT
total $363,457 · related or exempt $363,457
-
2b · Program service revenue: MANAGEMENT FEE
total $75,702 · related or exempt $75,702
-
3 · Investment income
total $27,739 · excluded $27,739
-
8a · Fundraising events: gross income
$168,670
-
8b · Fundraising events: direct expenses
$67,793
-
8c · Net income from fundraising events
total $100,877
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $591,315 · program services $443,486 · management and general $70,958 · fundraising $76,871
-
7 · Other salaries and wages
total $701,508 · program services $526,131 · management and general $84,181 · fundraising $91,196
-
8 · Pension plan contributions
total $8,572 · program services $6,429 · management and general $1,028 · fundraising $1,115
-
9 · Other employee benefits
total $36,449 · program services $27,337 · management and general $4,374 · fundraising $4,738
-
10 · Payroll taxes
total $51,456 · program services $38,592 · management and general $6,175 · fundraising $6,689
-
11b · Fees: legal
total $1,040 · management and general $1,040
-
11c · Fees: accounting
total $19,500 · management and general $19,500
-
11g · Fees: other
total $117,939 · program services $88,454 · management and general $14,153 · fundraising $15,332
-
12 · Advertising and promotion
total $38,234 · program services $28,676 · management and general $4,588 · fundraising $4,970
-
13 · Office expenses
total $35,860 · program services $26,896 · management and general $4,301 · fundraising $4,663
-
17 · Travel
total $4,976 · program services $3,732 · management and general $597 · fundraising $647
-
19 · Conferences, conventions and meetings
total $29,066 · program services $21,800 · management and general $3,487 · fundraising $3,779
-
22 · Depreciation, depletion and amortization
total $39,523 · program services $29,642 · management and general $4,743 · fundraising $5,138
-
23 · Insurance
total $18,541 · program services $13,906 · management and general $2,225 · fundraising $2,410
-
24a · Other expenses: MERCHANT PROGRAMS
total $263,954 · program services $263,954
-
24b · Other expenses: PROGRAM RELATED EXPENSES
total $158,430 · program services $158,430
-
24c · Other expenses: MAINTENANCE
total $82,603 · program services $82,603
-
24d · Other expenses: OPERATING LEASE - OFFICE
total $68,803 · program services $51,602 · management and general $8,257 · fundraising $8,944
-
24e · All other expenses
total $54,981 · program services $36,826 · management and general $5,891 · fundraising $12,264
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,244,494 · end of year $1,297,498
-
2 · Savings and temporary cash investments
beginning of year $232,028 · end of year $313,993
-
3 · Pledges and grants receivable
beginning of year $615,108 · end of year $559,427
-
4 · Accounts receivable
beginning of year $42,916 · end of year $35,436
-
9 · Prepaid expenses and deferred charges
beginning of year $12,407 · end of year $7,923
-
10a · Land, buildings and equipment: cost or other basis
$240,083
-
10b · Land, buildings and equipment: accumulated depreciation
$201,226
-
10c · Land, buildings and equipment, net
beginning of year $78,380 · end of year $38,857
-
15 · Other assets
beginning of year $124,542 · end of year $50,486
-
17 · Accounts payable and accrued expenses
beginning of year $165,890 · end of year $257,202
-
19 · Deferred revenue
beginning of year $181,576 · end of year $167,162
-
25 · Other liabilities
beginning of year $126,597 · end of year $51,539
-
27 · Net assets without donor restrictions
beginning of year $1,852,844 · end of year $1,820,024
-
28 · Net assets with donor restrictions
beginning of year $22,968 · end of year $7,693
Mission and programs · 2025
Mission
THE PURPOSE OF THE ORGANIZATION IS TO PLAN AND TO PROMOTE AND, IF NECESSARY, COORDINATE AND EXECUTE PROGRAMS IN STATEN ISLAND, NEW YORK, TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS AND TO IMPROVE THE BUSINESS ENVIRONMENT AND EMPLOYMENT BASE OF STATEN ISLAND.
Activities or mission (Part I)
THE PURPOSE OF THE ORGANIZATION IS TO PLAN AND PROMOTE AND, IF NECESSARY, COORDINATE AND EXECUTE PROGRAMS IN STATEN ISLAND, NEW YORK TO ENHANCE THE QUALITY OF LIFE OF ITS RESIDENTS AND TO IMPROVE THE BUSINESS ENVIRONMENT AND EMPLOYMENT BASE OF STATEN ISLAND.
-
TO PROMOTE, COORDINATE AND EXECUTE PROGRAMS TO IMPROVE THE QUALITY OF LIFE AND BUSINESS ENVIRONMENT AND EMPLOYMENT BASE ON STATEN ISLAND.
Expenses $813,338 · Revenue $193,230
-
STUDY, PLAN AND ASSIST THE PHYSICAL DEVELOPMENT OF THE BOROUGH.
Expenses $388,184 · Revenue $92,223
-
TECHNICAL ASSISTANCE TO INDUSTRIAL BUSINESSES.
Expenses $314,244 · Revenue $74,657
-
BUSINESS DEVELOPMENT SERVICES TO UNDERSERVED BUSINESSES ON STATEN ISLAND. ASSIST BUSINESS OWNERS WITH FINANCING, JOB TRAINING, AND NAVIGATING GOVERNEMNT AND TECHNOLOGY.
Expenses $332,730 · Revenue $79,049
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael CusickMICHAEL CUSICK
PRESIDENT &
- Total calculated
- $276,813
- From this org
- $268,939
- From related orgs
- $0
- Other
- $7,874
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $268,939
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $7,874
- Filer's total
- $276,813
-
Gina GutmanGINA GUTMAN
SR. VICE PRE
- Total calculated
- $192,510
- From this org
- $165,735
- From related orgs
- $0
- Other
- $26,775
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $165,735
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,972
- Nontaxable benefits
- $21,803
- Filer's total
- $192,510
-
Eli KhazzamELI KHAZZAM
VP PROJECTS
- Total calculated
- $116,266
- From this org
- $116,266
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Jodi GuagliardoJODI GUAGLIARDO
VP DEVELOP
- Total calculated
- $111,000
- From this org
- $111,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Doris VitielloDORIS VITIELLO
COMPTROLLER
- Total calculated
- $87,457
- From this org
- $83,890
- From related orgs
- $0
- Other
- $3,567
- Hours/week
- 35
-
Kimberly AlthoffKIMBERLY ALTHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael AltobelliMICHAEL ALTOBELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gina ArgentoGINA ARGENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John AtkinsJOHN ATKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kim AvilezKIM AVILEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BelloniMIKE BELLONI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ed BirdieED BIRDIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ralph BrancaRALPH BRANCA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Carol BullockCAROL BULLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael CaridiMICHAEL CARIDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard CorashRICHARD CORASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol DecinaCAROL DECINA
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Fred DigiovanniFRED DIGIOVANNI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey A DoggertJEFFREY A DOGGERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
R Randy Lee EsqR RANDY LEE ESQ
CHAIRMAN EME
- Total calculated
- $0
- Hours/week
- 1
-
Joe FerraraJOE FERRARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stanley M FriedmanSTANLEY M FRIEDMAN
EXEC VICE CH
- Total calculated
- $0
- Hours/week
- 3
-
Dwight GeniasDWIGHT GENIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt GlasserMATT GLASSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philip GuarnieriPHILIP GUARNIERI
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
John Dileo JrJOHN DILEO JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve KleinSTEVE KLEIN
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 1
-
Robin LefkowitzROBIN LEFKOWITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sadia MalikSADIA MALIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael ManzulliMICHAEL MANZULLI
CHAIRMAN EME
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth MitchellKENNETH MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James P MolinaroJAMES P MOLINARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert P MooreROBERT P MOORE
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 3
-
Robert MyersROBERT MYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Evan PetraccaEVAN PETRACCA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Messina PhDDANIEL MESSINA PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel RyanDANIEL RYAN
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 1
-
Michael SanicolaMICHAEL SANICOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony SantoANTHONY SANTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcello SciarrinoMARCELLO SCIARRINO
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 1
-
Meagan SillsMEAGAN SILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shawn StradfordSHAWN STRADFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew SypaMATTHEW SYPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris TimariCHRIS TIMARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe TorresJOE TORRES
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 3
-
Robert WallaceROBERT WALLACE
DIRECTOR
- 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, and on a Form 990-PF Part VIII's — 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
- 3 · Compensation committee
- 3 · Independent compensation consultant
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
- 2025
- Filed
- 24 June 2026
- IRS schema version
- 2025v4.0
- Source object
- 202611889349300876
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