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Nonprofiteer
← CHAUTAUQUA REGION INDUSTRIAL DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by CHAUTAUQUA REGION INDUSTRIAL DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,535,909
Total expenses
$1,419,916
Contributions and grants received
$1,432,960
Grants paid
$334,467
Program service revenue
$0
Investment income
$15,949
Other revenue
$87,000
Total assets, end of year
$2,394,838
Total liabilities, end of year
$1,846,366
Net assets or fund balances, end of year
$548,472
Program services expenses (Part IX)
$1,337,960
Management and general expenses
$81,956
Fundraising expenses
$0
Program service expenses (Part III)
$1,337,960

Program services were 94.2% 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)

    $471,346

  • 1f · All other contributions, gifts and grants

    $961,614

  • 3 · Investment income

    total $15,949 · related or exempt $15,949

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $82,000 · related or exempt $82,000

  • 11b · Other revenue: MISCELLANEOUS

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $87,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $334,467 · program services $334,467

  • 7 · Other salaries and wages

    total $205,938 · program services $205,938

  • 9 · Other employee benefits

    total $59,973 · program services $59,973

  • 10 · Payroll taxes

    total $15,278 · program services $15,278

  • 11b · Fees: legal

    total $1,059 · management and general $1,059

  • 11g · Fees: other

    total $409,903 · program services $378,617 · management and general $31,286

  • 12 · Advertising and promotion

    total $32,666 · program services $32,666

  • 13 · Office expenses

    total $22,216 · program services $22,186 · management and general $30

  • 16 · Occupancy

    total $10,400 · program services $10,400

  • 17 · Travel

    total $12,768 · program services $12,768

  • 23 · Insurance

    total $240 · management and general $240

  • 24a · Other expenses: DIRECT TO VENDOR-PROGRA

    total $258,000 · program services $258,000

  • 24b · Other expenses: CCIDA ALLOCATION

    total $46,681 · management and general $46,681

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,352 · program services $7,352 · management and general $0

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $2,660 · management and general $2,660

  • 24e · All other expenses

    total $315 · program services $315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,255,390 · end of year $1,004,046

  • 4 · Accounts receivable

    beginning of year $29,800 · end of year $125,000

  • 7 · Other notes and loans receivable

    beginning of year $844,660 · end of year $1,232,721

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

    $30,488

  • 10c · Land, buildings and equipment, net

    beginning of year $30,488 · end of year $30,488

  • 15 · Other assets

    beginning of year $2,093 · end of year $2,583

  • 17 · Accounts payable and accrued expenses

    beginning of year $280 · end of year $28,601

  • 19 · Deferred revenue

    beginning of year $1,673,672 · end of year $1,817,765

  • 27 · Net assets without donor restrictions

    beginning of year $488,479 · end of year $548,472

Mission and programs · 2023

Mission

TO PROVIDE ECONOMIC OPPORTUNITY.

Activities or mission (Part I)

THE MAIN PURPOSE OF CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION IS TO PROMOTE JOB GROWTH IN THE COMMUNITY.

  • THE PRIMARY PURPOSE OF THE CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION IS TO RELIEVE AND REDUCE UNEMPLOYEMNT, MAINTAIN JOB OPPORTUNITIES, PROVIDE JOB TRAINING TO INDIVIDUALS, AND CARRY ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING A COMMUNITY BY ATTRACTING NEW INDUSTRY TO THE AREA.

    Expenses $1,337,960 · Grants $334,467

  • CHAUTAUQUA REGION ECONOMIC DEVELOPMENT CORPORATION PROVIDES ECONOMIC OPPORTUNITIES AND EMPLOYMENT POTENTIAL FOR CHAUTAUQUA COUNTY AREA RESIDENTS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Harding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Brad Walters

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.8

  • Tom Harmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Sagan Sheffield-Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dan Heitzenrater

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.8

  • Gary Henry

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kevin Muldowney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Dan Demarte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Mark Geise

    CEO

    Total calculated
    $63,441
    From this org
    $0
    From related orgs
    $63,441
    Other
    $0
    Hours/week
    5 + 40 related

  • Richard Dixon

    CFO

    Total calculated
    $198,168
    From this org
    $0
    From related orgs
    $189,575
    Other
    $8,593
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,901 related
    Bonus
    $0
    Other
    $0 + $24,674 related
    Deferred
    $0 + $8,593 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $198,168 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

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

  • WB PROVISIONS LLC DBA SPLASH

    $45,352

    OCR#92SB518-22

  • CITY OF JAMESTOWN - TREASURER

    $25,000

    PARTNER GRANT AGREEMENT W/CCPEG-TOURISM BRANDING & MARKETING

  • NORTHWEST ARENA

    $25,000

    CCPEG PRIORITY PROJECT - THE ZONE PROJECT

  • CITY OF JAMESTOWN - TREASURER

    $25,000

    PARTNER GRANT AGREEMENT W/CCPEG-TOURISM BRANDING & MARKETING

  • VILLAGE OF SHERMAN

    $25,000

    HIGH PRIORITY PROJECT - NY MAIN STREET RESTORATION PROJECT

  • TOWN OF WESTFIELD

    $22,000

    BARCELONA BEACH HAMLET GATEWAY-PARTNER GRANT AGREEMENT

  • IMAGINE FORESTVILLE

    $20,000

    FORESTVILLE B-2 DISTRICT GUIDELINES PROJECT

  • TOWN OF MINA

    $20,000

    FINDLEY LAKE DOWNTOWN REVITALIZATION PROJECT

  • VILLAGE OF FALCONER

    $20,000

    CCPEG PRIORITY PROJECT - MAIN STREET GREEN SPACE

  • CHAUTAUQUA COUNTY

    $16,250

    CREDC MATCHING CODE ENFORCEMENT STUDY

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403179349304390

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