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Nonprofiteer
← GREATER SYRACUSE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by GREATER SYRACUSE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$0
Total expenses
$68,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,020,620
Total liabilities, end of year
$216,798
Net assets or fund balances, end of year
$1,803,822
Program services expenses (Part IX)
$68,749
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$68,749

Program services were 100.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $68,749 · program services $68,749

Balance sheet

Part X, book values.

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

    $3,856,920

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

    $2,924,841

  • 10c · Land, buildings and equipment, net

    beginning of year $1,000,828 · end of year $932,079

  • 15 · Other assets

    beginning of year $1,088,541 · end of year $1,088,541

  • 25 · Other liabilities

    beginning of year $216,798 · end of year $216,798

  • 27 · Net assets without donor restrictions

    beginning of year $1,872,571 · end of year $1,803,822

Mission and programs · 2022

Mission

THE ECONOMIC DEVELOPMENT CO (EDC) WAS ORGANIZED TO BRING ABOUT CIVIC BETTERMENT AND ENCOURAGE INDUSTRIAL DEVELOPMENT BY ENCOURAGING BUSINESSES TO LOCATE IN THE CENTRAL NEW YORK AREA.

Activities or mission (Part I)

TO BRING ABOUT CIVIC BETTERMENT AND ENCOURAGE INDUSTRIAL DEVELOPMENT BY ENCOURAGING BUSINESSES TO LOCATE IN CENTRAL NEW YORK AREA.

  • THE TECH GARDEN FOSTERS THE DEVELOPMENT OF EMERGING GROWTH COMPANIES AND SUPPORTS TECHNOLOGY COMMERCIALIZATION. SINCE IT WAS LAUNCHED IN 2005, THE TECH GARDEN HAS ASSISTED MORE THAN 550 ENTERPRENEURS AND ITS STATE-OF-THE-ART INCUBATOR IS NOW HOME TO 30 EARLY-STAGE VENTURES THAT HAVE DRAWN INVESTMENT CAPITAL AND TOP TALENT FROM ACROSS NEW YORK STATE, AS WELL AS FROM IRELAND, ISREAL, SWITZERLAND, TURKEY, BRAZIL, AND THE UNITED KINGDOM. TECH GARDEN INCUBATION COMPANIES CURRENTLY EMPLOY MORE THAN 150 PEOPLE, WITH PAYROLL OF MORE THAN $5 MILLION.

    Expenses $68,749

As filed on the 2022 return.

Listed in Part VII

  • Evelyn Carter Ingram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Littlejohn

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Robert Simpson

    PRESIDENT

    Total calculated
    $409,017
    From this org
    $0
    From related orgs
    $340,735
    Other
    $68,282
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,467 related
    Bonus
    $0
    Other
    $0 + $5,268 related
    Deferred
    $0 + $33,590 related
    Nontaxable benefits
    $0 + $34,692 related
    Filer's total
    $0 + $409,017 related

  • Vicki Brackens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Nutting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Schneckenburger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Crossett

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Huhtala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Penix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dewan Mantosh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Seth Kronenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Warren Hilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Dowd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Lawler

    SVP OF FINANCE

    Total calculated
    $99,105
    From this org
    $0
    From related orgs
    $87,344
    Other
    $11,761
    Hours/week
    1 + 40 related

  • Lori A Dietz

    SVP OF ADMINISTRATION & HUMAN CAPITAL

    Total calculated
    $132,595
    From this org
    $0
    From related orgs
    $116,502
    Other
    $16,093
    Hours/week
    1 + 40 related

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 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION REQUIRES BOARD/COMPENSATION COMMITTEE APPROVAL OF SALARIES.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GREATER SYRACUSE SERVICE CORPORATION DBA BENEFIT SPECIALISTS OF NY

    C · TO ADMINISTER EMPLOYEE BENEFIT PLANS ON BEHALF OF · NY

    Directly controlled by GREATER SYRACUSE CHAMBER OF COMMERCE

  • CENTERSTATE CEO HOLDINGS LLC

    C · INVESTMENT HOLDING COMPANY · NY

    Directly controlled by CENTERSTATE CORP FOR ECONOMIC OPPURTUNITY

Provenance

Return type
form_990
Tax year
2022
Filed
27 June 2023
IRS schema version
2022v5.0
Source object
202301919349300345

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