Form 990 for tax year 2022
Filed by SCHOHARIE ECONOMIC ENTERPRISE CORPORATION.
Totals
- Total revenue
- $383,196
- Total expenses
- $469,597
- Contributions and grants received
- $394,139
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$59,806
- Other revenue
- $48,863
- Total assets, end of year
- $1,414,497
- Total liabilities, end of year
- $255,733
- Net assets or fund balances, end of year
- $1,158,764
- Program services expenses (Part IX)
- $404,021
- Management and general expenses
- $65,576
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $404,021
Program services were 86.0% 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.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$394,139
-
3 · Investment income
total -$59,806 · related or exempt -$59,806
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ADMIN SERVICE FEE
total $48,863 · related or exempt $48,863
-
11e · Other revenue, total
$48,863
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $112,844 · program services $101,560 · management and general $11,284
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $114,284 · program services $95,910 · management and general $18,374
-
8 · Pension plan contributions
total $18,982 · program services $16,503 · management and general $2,479
-
9 · Other employee benefits
total $16,327 · program services $14,195 · management and general $2,132
-
10 · Payroll taxes
total $19,780 · program services $17,118 · management and general $2,662
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,949 · program services $5,172 · management and general $777
-
11c · Fees: accounting
total $6,650 · management and general $6,650
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,545 · management and general $1,545
-
11g · Fees: other
total $5,305 · program services $4,612 · management and general $693
-
12 · Advertising and promotion
total $45,319 · program services $44,276 · management and general $1,043
-
13 · Office expenses
total $7,676 · program services $3,383 · management and general $4,293
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $5,741 · program services $4,989 · management and general $752
-
17 · Travel
total $1,921 · program services $176 · management and general $1,745
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $7,434 · program services $6,463 · management and general $971
-
23 · Insurance
total $5,320 · program services $795 · management and general $4,525
-
24a · Other expenses: GRANT SERVICES
total $47,504 · program services $47,504
-
24b · Other expenses: PUBLIC RELATIONS
total $10,000 · program services $10,000
-
24c · Other expenses: RESLIENCY GRANTS
total $9,500 · program services $9,500
-
24d · Other expenses: REAL ESTATE TAXES
total $8,843 · program services $7,688 · management and general $1,155
-
24e · All other expenses
total $18,673 · program services $14,177 · management and general $4,496
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $197,665 · end of year $63,208
-
2 · Savings and temporary cash investments
beginning of year $175,015 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $25,000 · end of year $265,015
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $37,362 · end of year $14,305
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $4,740 · end of year $4,499
-
10a · Land, buildings and equipment: cost or other basis
$369,706
-
10b · Land, buildings and equipment: accumulated depreciation
$8,284
-
10c · Land, buildings and equipment, net
beginning of year $175,297 · end of year $361,422
-
11 · Investments: publicly traded securities
beginning of year $667,383 · end of year $706,048
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $37,297 · end of year $255,733
-
27 · Net assets without donor restrictions
beginning of year $998,192 · end of year $1,158,764
-
28 · Net assets with donor restrictions
beginning of year $246,973
Mission and programs · 2022
Mission
The Schoharie Economic Enterprise Corporation (SEEC), formed in 2019, is a not-for-profit organization dedicated to economic development in Schoharie County by promoting, fostering and encouraging the development of business enterprises to combat declines in the regions workforce, overall population, and median household income. SEEC is supported by donations from various business leaders.
Activities or mission (Part I)
Economic development
-
Grant support - SEEC is focused on securing more capital resources to advance local economic and community development priorities. SEEC will work with businesses and municipal partners to identify, apply, and administer federal, state and local grants that may directly result in job creation and capital investment. SEEC is prequalified at the state and federal level as an approved grant administrator.
Expenses $201,111
-
Forums - SEEC Prosperity Forums are cohosted by strategic alliances to cultivate common ground, generate creativity, discuss possibilities, find solutions, and mobilize investment in Schoharie County. SEEC hosts a series of Forums annually to advance economic and community vitality.
Expenses $103,955
-
Business retention and expansion (BR&E) - BR&E is programming intended to help focus the energies of community stakeholders on the economic assets that already exist in the County, making businesses stronger and more resilient over time. SEEC is identifying, designing, and implementing strategies that can help strengthen existing businesses and industries through its BR&E efforts.
Expenses $98,955
As filed on the 2022 return.
Listed in Part VII
-
Julie PacatteJULIE PACATTE
Executive Dir.
- Total calculated
- $136,460
- From this org
- $112,844
- From related orgs
- $0
- Other
- $23,616
- Hours/week
- 40
-
Thomas O PutnamTHOMAS O PUTNAM
EXECUTIVE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Eric H SteinERIC H STEIN
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Peter J JohnsonPETER J JOHNSON
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
James R BeckerJAMES R BECKER
Board Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephen A HarrisSTEPHEN A HARRIS
Board 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342159349300709
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